Pietrak1:
We should start importing from Russia everything we need and trade in their currency. This will drastically reduce demand for US dollars.

Same issue sir.

1. What are you going to be importing from Russia? Crude oil? Cheap clothes or toothpicks or refined fuel?

2. How do you source for rubles to buy all these from Russia since you don’t have anything to sell to them?

BodyCount:

You're ignorant and illiterate to say this.
Nigeria is 5-6 largest producer or exporter of crude oil. This is enough for a country with good leaders. It's the same crude oil that many Arab nations are living large with. Don't let anyone fool you that Nigeria is not producing anything. All the countries of the world can't be producing gadgets.

Lols.... Ignorant and illiterate indeed! Very rich coming from you.

Nuzo1:


1. Most of our current oil exports have been paid for during Buharis tenure. So we are earning little dollars currently from the extras.

2. Exporting unrefined crude is no issue. We are importing refined crude oil and other refined products. The later zaps all the dollars from the initial exports of crude oil.

3. The Arabs for example UAE and Qatar invested heavily and divested with the initial crude oil exports and still doing so till today. We didn’t. We can’t do magic all of a sudden.

4. All the Arabian countries that have crude oil have always had functional crude oil refineries that fully serves their countries from day one. No case of importing refined products.

Look baba, Exporting extractive materials is not same as production. It’s actually a setback or disadvantage.

Nigeria is actually producing nothing.

You shouldn't have bothered.