Devalued Naira or Devalued Republic?

One Naira

Nigeria is still in its“supposed” anti-corruption mode from a governance perspective, but the current state of the economy is not going to permit its success no matter how hard the country tries or well-meaning the leaders be. There is a highly overlooked aspect of corruption that directly results from macro-economic requirements whether it is self-determined or imposed by multilateral agencies. The devaluation of currencies particularly in developing countries exacerbates the incidence of corruption. Continue reading

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