Alternative perspective to fixing the economic and exchange rate conundrum in Nigeria, by Shettima Aji Ali The Central Bank of Nigeria, under the guidance of the government of President Bola Ahmed Tinubu, GCFR, allowed banks in the country to trade in foreign exchange at any rate, i.e., at market-determined rates, effectively merging the hitherto multiple exchange rates in the country. There are divergent views on the moves on the exchange rate and the subsidy removal. The reactions were largely circumspect. Understanding the economic reasoning underpinning these government steps is essential to...