The naira appreciation seems to have halted inspite of the external reserves accretion to $30bn and increased supply into the forex market ($2.08bn). Some are wondering as to what the real effective exchange rate will be at the end of Q2’17.
The FGN has launched a major ERGP which contextualizes the recovery from a recession. Manufacturers and consumers are cautiously optimistic at best and skeptical at worst about promises (hollow) which have been made by previous administrations.
This report by the FDC Think Tank analyzes such pertinent issues and breaks down the underlying implications on the various sectors of the economy.