Expert Speaks on Solutions to Naira Volatility as Local Currency Loses Ground to Dollar [Video]

• An economist, Muda Yusuf, wants the government to limit market volatility in the forex rate to avoid speculation
• He said this in response to the recent upward and downward fluctuation of naira in relation to the US dollar
• He believes that as the economic team moves forward with the reforms, they will keep learning

Legit.ng journalist Zainab Iwayemi has over three years of experience covering the Economy, Technology, and Capital Market.

Muda Yusuf, an economist, has advocated for reducing market volatility. In his view, volatility is used to encourage speculation and fuel unpredictability.

Yusuf said this while responding to the volatility in the foreign exchange market, which has caused the Nigerian naira’s value to fluctuate upward and downward in relation to the US dollar.

After falling to almost 1,900 to the dollar, the naira gained strength and was recently named the …