Maybe, but I think it's the reverse, naira depreciation is fueling the hoarding of dollars. You bring policies that spoil matters for everyone and you want to use others, who are also been hit negatively by your policies, as shape scapegoats.
“Hoarding of dollars fuelling naira depreciation –ABCON - Punch Newspapers”
“Hoarding of dollars fuelling naira depreciation –ABCON - Punch Newspapers”
Gwadabe noted that the $2.2bn released by the African Import-Export Bank was not enough to stimulate the market.
