Exchange Rate Management Reforms and Restoring the Dignity of the Naira

Abstract

This article provides comprehensive advice to the Federal Government of Nigeria (FGN) on exchange rate management in order to restore exchange rates to pre-President Buhari administration levels. Nigeria's exchange rate dynamics have witnessed significant changes in recent years, and this article presents a multifaceted approach to address the challenges faced by the FGN. By examining the historical context and global economic trends, this article offers policy recommendations encompassing fiscal, monetary, and structural reforms. It aims to guide the FGN in achieving stability and competitiveness in the international foreign exchange market. Keywords: Fiscal policy, Monetary policy, Exchange rate management, Structural reform