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Continuous Dollar rise against Naira

Created by: Wealth System on Dec 31, 2024
Continuous Dollar rise against Naira

In your opinion, what is the major cause of continuous dollar rise against Naira and what can government do urgently to reverse the situation.

1 Comment(s)

Rauxmac a month ago
In Nigeria, the demand for dollars by politicians and government officials is incomprehensible. Unfortunately, they do not need these Dollars for business but to hide their loots and illegally acquired monies. Giving out dollar to individuals is the worst of government since every international business transaction can be paid through Banks. Dollar should never be allowed to exchange hands domestically since it is not the local currency of the country. Any policy banning the use of dollars locally will reverse the situation.

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