Nigerian Singer Davido couldn’t hold back his emotions earlier today after his experience at the local forex market known as BDC (Bureau De Change).
The Nigerian singer took to his Twitter page this morning to reveal that he was shocked
at the current rate of exchange and how the Nigerian Naira had immensely depreciated
over dollar.
According to him, he was almost drawn to tear after he paid 500 naira per 1 dollar to get
the currency.
The Nigerian economy has been in recession since the Buhari government came into power
in 2015 and the breakout of the Coronavirus Pandemic has heightened the cost of living
in Nigeria, with its inflation at its highest in over 20 years.
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