A Professor of Economics at the Ekiti State University, Taiwo Owoeye says the value of the naira to a dollar may fall to almost two thousand naira if Government fails to curb oil theft and work out an intervention from the Nigerian National Petroleum Corporation (NNPC) limited.
Speaking to Adamimogo 93.1FM, Owoeye said the current economic situation had defied economic theory because government was ill prepared.
He reiterated that refineries should be handed to private operators while government works out a plan with NNPCL to shore up the available dollars in its reserves.
