Utomi targets N500/$ exchange rate, projects 50% drop in food prices
Political economist and Nigeria Democratic Congress (NDC) chieftain Professor Pat Utomi has proposed strengthening the naira to N500 per dollar, projecting that the exchange rate target, alongside infrastructure investment and structural reforms, could cut the prices of several staple foods by as much as 50%. The post Utomi targets N500/$ exchange rate, projects 50% drop in food prices appeared first on Nairametrics .
Political economist and Nigeria Democratic Congress (NDC) chieftain Professor Pat Utomi has proposed strengthening the naira to N500 per dollar, projecting that the exchange rate target, alongside infrastructure investment and structural reforms, could cut the prices of several staple foods by as much as 50%.
The post Utomi targets N500/$ exchange rate, projects 50% drop in food prices appeared first on Nairametrics.
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About this article
- Length
- 63 words · 1 min read
- Published
- October 30, 2026
- Byline
- Olalekan Adigun
- Source
- Nairametrics