Anatomy of reform (2): Exchange rate unification and end of arbitrage

By  Olusola Aliu, Olajumoke Familoni and Oyewole Sarumi  Following the fiscal shock of subsidy removal (Step 1), the Tinubunomics sequence necessitated a second, equally brutal move: Step 2: The Monetary Reset. However, macroeconomic sequencing theory dictates that before administering a second