An economist, Paul Alaje, said the policy, if well implemented, will ultimately be beneficial although the immediate impact may be negative for the Naira.
“BDCs have now become where people can access dollars and speculate as to when it will increase so there has been a lot of grand treason. Also, a financial analyst, Ayodeji Ebo, said the policy if not well implemented may increase inflation and also decrease the standard of living of Nigerians. Another economist, Babatunde Moses, also predicted that Nigerians are likely to experience additional inflationary pressure in the short term because BDCs are major sources of forex to the general public.
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