Hola Olakunle

El efecto inmediato de la devaluación de la moneda es la perdida de poder adquisitivo de los consumidores y empresas que adquieren materias primas y bienes de capital del exterior. Como efecto secundario esta la perdida de confianza en la economía del pais y el aumento del monto de la deuda externa en moneda local (Sacar mas Nairas para pagar lo mismo). Se recomendaría también indagar las causas para poder proponer estrategias o acciones puntuales, producto de esa indagación y análisis. Sobre el PIB, se podría aumentar la inflación, si ocurre por alta emisión de moneda, frente a lo cual se debería calcular deflactando sobre un año base.

• Although difficulties like the devaluation of the Nigerian Naira threaten regional commerce and economies, African countries have resources at their disposal to strengthen their economies. The nations can set themselves up for economic success by demanding that multinational corporations pay their fair share of taxes and by fostering domestic economic growth.
• Continued loss in value of the Naira poses huge repercussions for the entire 15-member ECOWAS bloc, not just Nigeria.
• Many ECOWAS countries rely heavily on trade with Nigeria. When the value of the naira drops, the cost of importing products into Nigeria rises, and less money is available to spend on goods from other nations.
• The West African region as a whole should be concerned about the tumbling naira. This devaluation may have consequences beyond Nigeria’s borders, dampening regional trade. In order to lessen the problem’s long-term effects, it’s critical that governments and financial institutions act quickly.
• As inflation increases, the average Nigerian’s purchasing power decreases. As a result, fewer Nigerians will be able to afford the goods and services offered by their country and its neighbours. Because of this, regional trade may be harmed. Reduced demand in Nigeria could have repercussions for neighbouring countries who rely on Nigeria as a big market for their commodities.
• These examples Olakunle Augustine Ibitoye show the urgent case for more market coordination and economic integration of West Africa.
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• The USDNGN decreased 106.3800 or 7.84% to 1,250.0000 on Friday February 2 from 1,356.3800 in the previous trading session. The Nigerian Naira is expected to trade at 1245.46 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we can estimate it to trade at 1420.91 in 12 months time.

Check this link.

https://thestreetjournal.org/assessing-the-impact-of-naira-devaluation-on-nigerias-economy/