Or­ga­nize intn’l sem­i­nar on naira de­val­u­a­tion

Daily Trust - - OPINION -

I will rec­om­mend to the pres­i­dency and top mone­tary pol­icy mak­ers to or­ga­nize an in­ter­na­tional sem­i­nar in Abuja where the pro and cons of naira de­val­u­a­tion can be de­bated for its worth. The out­come of the sem­i­nar and de­bate will give Nige­ria the up­per hand to make a de­ci­sion based on de­tailed and co­her­ent eco­nomic pol­icy ra­tionza­tion.

A re­view and eval­u­a­tion of the state of naira will not im­ply that flex­i­bil­ity pol­icy will be aban­don. But a mea­sured, pru­dent and cal­cu­lated de­val­u­a­tion will be in­cor­po­rated to avoid to­tal de­struc­tion of the worth of the coun­try’s medium of ex­change. Emeka Chi­ak­welu www. afripol.org

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