• 2020 fiscal deficit stands at N6.6tr as debt hits N33.1tr
• ‘FX rate may hit N700/$ before next year’
• Political industry (2023) to add more pressure, says Opeoluwa
• Naira can’t be stable without market transparency, says ex-CBN director
• Reps urges halt in free fall of naira value to dollar, other currencies
Except extraordinary measures are taken to salvage the naira, experts have warned that economy could reach the cliff sooner than expected.
The warning comes as structural challenges, coupled with transient measures ranging from insecurity, mono foreign earnings, insatiable borrowings, declining foreign investment inflows, rising capital