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Nigeria’s finance minister Wale Edun during Global African Business Initiative's 2023 Unstoppable Africa Conference, held at the Westin Grand Central in New York City, September 21 and 22, 2023.

Nigeria’s finance minister Wale Edun during Global African Business Initiative's 2023 Unstoppable Africa Conference, held at the Westin Grand Central in New York City, September 21 and 22, 2023.

Photo by Jennifer Graylock/Alamy Live News.

What's Behind the Declining Value of Nigeria's Currency?

Despite initial sentiments from the country’s apex bank governor and top government officials about the value of the Naira being plummeted by crypto exchange, its finance minister blames the actions of the previous government for the crisis.