THE TRAGEDY OF THE NAIRA💔🇳🇬In the 1980s, the Nigerian naira was one of Africa’s strongest currencies

THE TRAGEDY OF THE NAIRA 💔🇳🇬 In the 1980s, the Nigerian naira was one of Africa’s strongest currencies. At one point, ₦1 was worth more than the US dollar, and ₦100 could buy roughly what $100 could buy internationally. Today, it takes well over ₦1,000 to equal one US dollar. How did one of Africa’s strongest currencies fall so dramatically? This documentary takes you through the complete story from the oil boom, the 1986 Structural Adjustment Programme (SAP), repeated devaluations, dependence on oil exports, inflation, foreign exchange crises, and decades of economic decisions that shaped the naira we know today. This isn’t about blaming one government or one president. It’s about understanding the economic and political decisions made over several decades and what they meant for millions of Nigerians. Watch till the end and let me know: What do you think was the biggest turning point in the naira’s decline? If you enjoy well-researched documentaries on Nigerian history, politics, and economics, don’t forget to Like, Subscribe, and Share. #Nigeria #Naira #Economy #History #Documentary #AfricanEconomy #Currency #Finance #SAP #CBN #Politics #Tinubu #Buhari #Obasanjo #ibrahimbabangida