The Naira in the Mud: While Leaders Fight for Chairs, the People Fight for Food
The Naira in the Mud: While Leaders Fight for Chairs, the People Fight for Food If you checked the exchange rate today, April 29, 2026, you probably felt a sharp pain in your chest. The Naira has recorded another massive depreciation at the official market, hitting over N1,380 per dollar. For the common man, this isn't just a number on a screen; it is the reason a bag of rice is becoming a luxury and why poultry prices are skyrocketing. Welcome back to I Must Talk Aloud. Today, we are looking at the "dirt" that the political headlines are trying to hide. The Economic Angle: The "Paper" Strength vs. The Market Reality The government keeps telling us that the "reforms" are working. They talk about "investor confidence" and "blue economy financing," but the market doesn't lie. Every time the Naira drops, a small business owner in our neighborhood loses their capital. Why is the currency so unstable while our foreign reserves are ...