Otedola Predicts Sharp Naira Slide

Otedola Predicts Sharp Naira Slide

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Billionaire businessman Femi Otedola has warned that the naira could fall below N1,000 to the dollar before the end of the year.

LIST OF APPLICATIONS FOR REGULARISATION OF AREA COUNCIL LAND DOCUMENTS NULLIFIED/CANCELLED BY THE HONOURABLE MINISTER OF FCT

He cited ongoing economic pressures and currency market trends as factors that may drive the local currency’s rapid depreciation.

LIST OF APPLICATIONS FOR REGULARISATION OF AREA COUNCIL LAND DOCUMENTS NULLIFIED/CANCELLED BY THE HONOURABLE MINISTER OF FCT

Otedola’s prediction has sparked concern among investors, businesses, and ordinary Nigerians, who are already facing rising costs of imported goods.

Economists say that without swift policy interventions, the naira could face sustained pressure in the coming months, affecting inflation and purchasing power.