Former Taraba State Governor, Rev. Jolly Nyame, has lamented that the depreciating value of the naira has made it increasingly difficult for governments and private investors to execute meaningful projects.
Nyame, who recently spoke at a public policy forum, explained that inflationary pressures and exchange rate volatility have significantly raised the cost of construction, healthcare, and education projects.
He warned that unless urgent monetary reforms are carried out, many state governments may struggle to complete ongoing projects, leading to abandoned infrastructure and wasted public funds.
Economic analysts echoed his concerns, pointing out that the weakening naira has compounded Nigeria’s debt servicing burden and further eroded citizens’ purchasing power. They stress that stabilizing the currency must remain a top priority for the Federal Government if the Renewed Hope Agenda is to succeed
