Prominent Nollywood actress, Mercy Aigbe, took to Instagram to express her apprehension about the continuous depreciation of the Nigerian currency against the American dollar. Sharing a snapshot revealing the exchange rate at 1,825 Naira per dollar, Aigbe voiced her concerns about the potential impact on her ability to clear imported goods at the prevailing exchange rate.
In her heartfelt caption, the actress lamented the challenges posed by the current rate, questioning fellow business owners about their strategies for coping with the economic fluctuations. The post underscores the economic uncertainty faced by individuals engaged in import businesses, as the fluctuating exchange rates directly impact the cost of clearing imported goods.
This isn’t the first time a public figure has shared their frustrations regarding the challenging economic climate. Earlier, influencer and entrepreneur Ama Reginald also took to social media to express the difficulties she faces in clearing goods due to the unfavorable exchange rate.
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