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The second coming of Donald Trump as the 47th President of the United States of America might throw a big blow on the naira, an economic expert, Ugodre Obi-Chukwu said.
According to him, a stronger dollar translates to an increase in the cost of debt service and heightened inflation. In addition, he said that with Trump’s executive order on immigration, travel restrictions are bound to lower FX remittance and further impact on its reverse and consumption. He also stated that US tariffs might put pressure on import costs and thereby worsen Africa's inflation.
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