From devaluation to domination: How Tinubu’s exchange rate reforms turned naira into Nigeria’s export engine

Tribune OnlineFrom devaluation to domination: How Tinubu’s exchange rate reforms turned naira into Nigeria’s export engineBy Tanimu Yakubu WHEN President Bola Ahmed Tinubu’s administration dismantled Nigeria’s rigid foreign exchange regime in 2024, critics were quick to call it a currency collapse. The naira plunged to ₦1,800 per dollar in March 2024, and headlines screamed of economic freefall. But beneath the noise, a deliberate, high-risk economic recalibration was underway—one that has

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