By Osigbeme Musa
Barely three months into the implementation of the 2024 National Budget of the Federal Republic of Nigeria and despite assurances and hope of a better Nigeria in the new fiscal year, economic realities have questioned what the budget portends of the people. The budget which was benchmarked at an official exchange rate of N800 to the USD has already seen the devaluation of the Naira down to N1,310 at the official window with the parallel market hovering up to N1,800 to a $1.00. Prices of goods and services have continued to soar higher across the country leading to hyperinflation and depleting purchasing power amongst the people.
Leave a Reply