Atiku: Foreign Capital Flight Exposes Crisis of Confidence in Tinubu’s Economy - THISDAYLIVE
Atiku: Foreign Capital Flight Exposes Crisis of Confidence in Tinubu’s Economy - THISDAYLIVE
Source: THISDAYLIVE
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DW NOTE
Nigeria's naira has lost 70% of its value since Tinubu floated the currency in June 2023, yet the administration still frames each devaluation as a reform milestone. Atiku is correct that capital is fleeing — foreign portfolio investment fell to $347 million in H1 2024 from $1.4 billion the year prior — but he was vice president during an earlier iteration of the same currency mismanagement. The pattern is older than either man's tenure.