An economist, Chijioke Ekechukwu, says foreign exchange (forex) is not the only determinant of high prices of goods and services.
Mr Anthony said the supply and demand factor was a contributory factor to the decline in kerosene.
“The Federal Government should put in more effort to tackle oil theft in the Niger Delta.’’
He said Nigeria must also ensure increased productivity in agriculture and in other sectors to fight the rising inflationary rate.
“So, if we can now implement the Chinese-naira swap, it will be very helpful for business trade.’’
“The foreign exchange market is evidently under pressure as a result of a number of factors such as surge in monetary expansion in the last one month.”
Mr Buhari on Wednesday unveiled the new notes of N200, N500 and N1,000.
The Buhari regime says it was working to ensure other nations designate IPOB as a terrorist organisation.
