The floating exchange rate regime has caused about 50% depreciation of the Nigerian currency to other basket of currencies and will impact the monetary poverty index in the country. President Tinubu’s administration has borrowed over $1.5 billion from World Bank in the past three months to fund women’s development program. This is not a sustainable borrowing based on the current fiscal crisis in which Nigeria is spending over 77% of it Internally-Generated-Revenue on debt servicing.