Nigeria’s long dance with devaluation ends in reform-driven float Summary - After decades of dancing around currency reform, Nigeria is finally letting the naira swim in open waters. In one of the boldest policy shifts since 1986, the country has yet again abandoned the costly illusion of control that enriched a few and punished many. This report explores why, despite the pain, it may be Nigeria’s best shot at restoring credibility, unlocking capital, and breaking a decades-long cycle of devaluations
Nigeria’s long dance with devaluation ends in reform-driven float Summary - After decades of dancing around currency reform, Nigeria is finally letting the naira swim in open waters. In one of the boldest policy shifts since 1986, the country has yet again abandoned the costly illusion of control that enriched a few and punished many. This report explores why, despite the pain, it may be Nigeria’s best shot at restoring credibility, unlocking capital, and breaking a decades-long cycle of devaluations