Why is Nigerias economy doing a dance?
Last month Emirates Airlines announced it was halting flights to Nigeria \u2013 saying it was owed millions of dollars. The plight of passengers suddenly forced to find creative and expensive ways to travel thousands of miles grabbed the world\u2019s attention \u2013 and within days of the crisis, Nigeria said it would release some of the money owed to foreign airlines: $265 million.\n \nBut the reason WHY the airline took the drastic step actually highlights a more widespread problem for Nigeria: a shortage of dollars to pay for foreign services \u2013 and two competing exchange rates: the official rate and what Nigerians can get on the black market.\n \nThis has left the Central Bank of Nigeria \u2013 or CBN \u2013 technically subsidising travellers \u2013 and foreign companies being underpaid for their services.\n \nFor Africa Daily, @kasujja speaks with Oluwatosin Olaseinde, an account and money expert who set up Money Africa, a financial literacy platform.\n \n\u201cYou\u2019re seeing a higher cost of living, you\u2019re seeing a reduction in the revenue of the government, so it\u2019s just a whole lot of different (elements) mixed together in this dance.\u201d