Enhanced output can support the naira, according to experts

The latest actual Gross Domestic Product (GDP) performance in the second quarter, according to Uwaleke, was equally alarming.Only increased productivity, according to some financial analysts, can support the Naira.Despite efforts by the Central Bank of Nigeria (CBN) to strengthen the currency through monetary policy, Nigerians continue to complain about the Naira's unceasing devaluation. The Naira, which on Friday traded at 774 to the dollar at the CBN official window, reportedly traded at above 900 to the dollar on the black market, according to the News Agency of Nigeria (NAN). Only greater production, in the opinion of financial analyst Okechukwu Unegbu, will stabilize and strengthen the naira.