In a dramatic slump that got the Nigerian masses gasping for breath from choking inflation since June 1, 2023, Nigeria’s currency, the Naira has been made to become the number two weakest currency in the world after its exchange for one dollar rises to as high as N1,000
The Ugandan Shelling ranks number 10 amongst the weakest currencies in the world. Ugandan Shelling (UGX) exchanges a whopping UGX 3,741 to one dollar at the time of filing this report.
Uganda, as with Nigeria is an oil, gold, and coffee-rich country. The factors responsible for the failure of the UGX and the entire Ugandan economy are similar to those responsible for Nigeria’s naira failure and the near collapse of the country’s economy namely; a record of unstable economic growth, sizeable debt, and political unrest.
THE ROTTEN FISH: CAN OF WORMS OPENED OF APC & TINUBU'S GOVERNMENT OVER NIGERIA'S ECONOMIC DOWNTURN
WATCH THE CRITICAL ANALYSIS AND KNOW THE RESPONSIBLE PARTIES TO BLAME FOR NIGERIA'S ECONOMIC CHALLENGES, WHILE CITIZENS ENDURE SEVERE HARDSHIPS.Watch this episode of ISSUES IN THE NEWS on 9News Nigeria featuring Peter Obi's Special Adviser, Dr Katch Ononuju, 9News Nigeria Publisher, Obinna Ejianya and Tinubu Support Group Leader, McHezekiah Eherechi
The economic crisis and hardship in Nigeria are parts of the discussion.
Watch, leave your comments, and share to create more awareness on this issue.
#9NewsNigeria #Nigeria #issuesInTheNews #politics #tinubu THE ROTTEN FISH: CAN OF WORMS OPENED ...
DON'T FORGET TO SUBSCRIBE AND LEAVE YOUR COMMENTS FOR SUBSEQUENT UPDATES
#9newsnigeria #economia #economy #nigeria #government @9newsng
www.9newsng.com