Organize intn’l seminar on naira devaluation
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