Why naira is weak – ex-finance minister Aganga

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A former Minister of Finance, Olusegun Aganga, has explained that the naira would continue to experience a free fall if Nigeria remains an import-dependent country.

He said it was not a wise decision to defend the naira with billions without appropriate investments in the manufacturing sector to drive the country’s exports.

He added that Nigeria must produce for local consumption and more importantly for export, for the naira to be strong.

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