There is a lot of pressure put on the naira – Akinwunmi Adesina

BRIEF:

During a panel discussion on Monday at the FT Africa Summit in London, Akinwunmi Adesina president of African Development Bank said “I think the naira is devalued, but monetary policy and the fiscal policy that synchronizes  is very  important,”

Adesina also said  that Nigeria needs to coordinate its fiscal and monetary policy more closely. “There is a lot of pressure put on the naira”, he concluded.