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Nigeria Devalues Naira! Why Is This Happening?

Can somebody explain me what is happening

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Sad, not happy up to glad and smiling.

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What is happening is noting but the atitude of our so call leader that we have, you can not imagine some of rich people instead of buldin companies, factories that wil help the country to grow, instead they will build big big companies, factories ,hotels nd even school in another country. Not mindine how it will affect becos devalues of Naira dos't shak them nd not fighting anyway to regain Naira values bcos they deal with foreign curency. So now evrybody wan to use dollers, panse nd earo that white land currency, both big nd small dollers. That is it

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Makes imported goods to b costly and local domestics goods to be cheaper. And in turn, boost our foreign reserves.

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