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Five Things That Will Consistently Strengthen Naira Against Dollar - Business - Nairaland

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Five Things That Will Consistently Strengthen Naira Against Dollar by Ken4Christ: 5:04am On Apr 27
Naira can only increase in value against the dollar and if possible bring back the glory days if we do these things;

1. Sell our crude oil in Naira. This is the first thing that will strengthen Naira. And the government knows it. But western countries also know it but they are deliberately doing it to enslave and exploit us. And most of our leaders in government in charge of that sector don't care because they are gaining from the system.

2. Security. The budget for security is so huge but an average Nigeria is not secured. The only way to stop it is to make security officers in charge of that location or area responsible for every Nigeria that comes under attack by terrorists. For instance, we have DPO of police that is in charge of a particular area. First give him adequate tools and personnel to fight insecurity. If any crime happens in his jurisdiction and they are unable to arrest the perpetrators, he should be held responsible.

The same goes for the military personnel. Someone should take responsibility. The President himself should take responsibility above every other person.

By the time the government start dismissing head of security outfits for non performance, most of them will sit up.

They should also fish out saboteurs in the system.

Insecurity is affecting both local and international businesses. Prices of food items are so high because of insecurity.

If we take it seriously, our economy will bounce back and naira will appreciate.

To be continued.

2 Likes

Re: Five Things That Will Consistently Strengthen Naira Against Dollar by CountinBlessins(m): 5:12am On Apr 27
1. Stop corruption
2. Stop looting
3. Stop corruption
4. Stop looting
5. Persecuting corruption honestly and not the usual efcc media noise that ends in nothing

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Re: Five Things That Will Consistently Strengthen Naira Against Dollar by Ken4Christ: 5:37am On Apr 27
3. Industrial Revolution. Nigeria is not a producing country. We import over 95% of things we can produce. Even things like tricycles, mini buses can be produced in Nigeria. Instead of doing it, we are making other nations very rich at the expense of the country.

Our leaders from local government to the federal government are just administrative. They are not productive. This narrative should change if we want Naira to strengthen against the dollar and bring back the glory days.

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Re: Five Things That Will Consistently Strengthen Naira Against Dollar by Ken4Christ: 5:42am On Apr 27
4. Agricultural Revolution. We are so blessed with fertile land that we can actually feed Africa if not the world. Agricultural was our major source of income before oil was discovered. So, the government need to get involved and employ modern methods in farming. They shouldn't just leave farming to peasant farmers alone. This won't work.

Malaysia government came to Nigeria few years ago and took our palm fruits. Now, they are the largest producer of palm oil in the world.

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Re: Five Things That Will Consistently Strengthen Naira Against Dollar by Ken4Christ: 5:46am On Apr 27
5. Social Media Education. We are in the world of internet. So many people are making millions on the net. The government can empower youths in this area by providing free WiFi and free seminars and webinars. Experts should be consulted for this purpose. And it be the beginning of revival for the youths and revival of our Naira.

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Re: Five Things That Will Consistently Strengthen Naira Against Dollar by nairalanda1(m): 5:53am On Apr 27
Ken4Christ:
Naira can only increase in value against the dollar and if possible bring back the glory days if we do these things;

1. Sell our crude oil in Naira. This is the first thing that will strengthen Naira. And the government knows it. But western countries also know it but they are deliberately doing it to enslave and exploit us. And most of our leaders in government in charge of that sector don't care because they are gaining from the system.

2. Security. The budget for security is so huge but an average Nigeria is not secured. The only way to stop it is to make security officers in charge of that location or area responsible for every Nigeria that comes under attack by terrorists. For instance, we have DPO of police that is in charge of a particular area. First give him adequate tools and personnel to fight insecurity. If any crime happens in his jurisdiction and they are unable to arrest the perpetrators, he should be held responsible.

The same goes for the military personnel. Someone should take responsibility. The President himself should take responsibility above every other person.

By the time the government start dismissing head of security outfits for non performance, most of them will sit up.

They should also fish out saboteurs in the system.

Insecurity is affecting both local and international businesses. Prices of food items are so high because of insecurity.

If we take it seriously, our economy will bounce back and naira will appreciate.

To be continued.

1.Naira is not a reserve currency. No one would accept payment for crude oil in naira, because it is safer to hold dollars, even for government business

2. Nigeria's security budget is very small. For the police, we spend one tenth of what new York city in the us spends on its police force. New York city, not the state.

We need to earn more money and it comes via manufactured goods and services
Re: Five Things That Will Consistently Strengthen Naira Against Dollar by nairalanda1(m): 5:53am On Apr 27
Ken4Christ:
3. Industrial Revolution. Nigeria is not a producing country. We import over 95% of things we can produce. Even things like tricycles, mini buses can be produced in Nigeria. Instead of doing it, we are making other nations very rich at the expense of the country.

Our leaders from local government to the federal government are just administrative. They are not productive. This narrative should change if we want Naira to strengthen against the dollar and bring back the glory days.

Good. But most of us prefer oil money. Sadly
Re: Five Things That Will Consistently Strengthen Naira Against Dollar by nairalanda1(m): 5:54am On Apr 27
Ken4Christ:
4. Agricultural Revolution. We are so blessed with fertile land that we can actually feed Africa if not the world. Agricultural was our major source of income before oil was discovered. So, the government need to get involved and employ modern methods in farming. They shouldn't just leave farming to peasant farmers alone. This won't work.

Malaysia government came to Nigeria few years ago and took our palm fruits. Now, they are the largest producer of palm oil in the world.

Malaysia govt came to Nigeria in 1960.

Malaysia also has a larger bit of land to grow palm oil year round.

Also mechanized farming.
Re: Five Things That Will Consistently Strengthen Naira Against Dollar by nairalanda1(m): 5:55am On Apr 27
Ken4Christ:
5. Social Media Education. We are in the world of internet. So many people are making millions on the net. The government can empower youths in this area by providing free WiFi and free seminars and webinars. Experts should be consulted for this purpose. And it be the beginning of revival for the youths and revival of our Naira.

Ah, no amount of education can change attitude on the internet
Re: Five Things That Will Consistently Strengthen Naira Against Dollar by mytime24(f): 8:58am On Apr 27
Everyday na him Naira/dollar dey dey fr news now 🤥
Re: Five Things That Will Consistently Strengthen Naira Against Dollar by Ken4Christ: 11:02pm On Apr 28
nairalanda1:


Ah, no amount of education can change attitude on the internet

How do you mean?
Re: Five Things That Will Consistently Strengthen Naira Against Dollar by nairalanda1(m): 5:47am On Apr 29
Ken4Christ:


How do you mean?

If someone wants to write rubbish on the net, they will. Education doesn't come into it
Re: Five Things That Will Consistently Strengthen Naira Against Dollar by Akanbibabatunde(m): 6:57am On Apr 29
Naira appreciate oo or depreciate I dey make steady $$$ from the comfort of my home daily in Nigeria. No stress

If you want to know how join me by following link in my bio

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