In the past year, the naira depreciated from N460 to nearly N1500 to the dollar, resulting in a significant increase in the prices of manufacturing inputs. This has worsened the cost of production for local manufacturers, TOBI AWODIPE writes. In the first quarter of 2023, the Naira exchanged officially for N460 to a dollar and N750 on the parallel market. However, by the time the current administration was sworn in, the Central Bank of Nigeria (CBN) announced the harmonisation of different segments of exchange rates. The exchange rate has traded between N1,100 and N1,500 to a dollar since March this year. This situation,

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