Floating Naira without local production impoverishing Nigerians – Duke

… Says no country floats its currency, you manage your currencyFormer Cross River state governor and presidential candidate of Peoples Redemption Party (PRP), Donald Duke, Tuesday said floating the naira without first developing local industries and strengthening domestic production is further impoverishing Nigerians.In an interview with reporters in Abuja, Duke argued that Nigeria’s economic difficulties were being worsened by import dependence, weak industrial production, rising fuel costs, excessive government spending and monetary policies that failed to address the underlying causes of inflation.