Скачать или смотреть Why the Nigeria Naira Became So Weak: A Historical & Economic Breakdown

In this video, we take a deep dive into the history and evolution of the Nigerian naira — from its strong beginnings in 1973, when it was more valuable than the US dollar, to its current challenges. The video explores key historical milestones including colonial trade practices, the introduction of British currency, Nigeria’s oil boom, corruption, the IMF structural adjustment programs, and how reckless spending and currency manipulation weakened the naira. We also discuss recent efforts by the Nigerian government and Central Bank to stabilize the naira through currency floatation, clearing FX backlogs, and exchange rate unification. Whether you're an economist, historian, or just curious about Nigeria’s economy, this video breaks down complex issues in a clear and engaging way.


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