The imposing figure of dollar has not only dwarf our naira to all time low since genesis, but has as well threatened to murder our national pride as he did to Zimbabwe's currency. Many think dollar killing off naira as it did Zimbabwe dollar is impossible. This class of individual will easily point to our oil as a backup for any of such.

MMM first landed in Zimbabwe and made a mess of that nation, robbing them of their hard earned money. We called them mumu and boasted it will not happen in Nigeria. Our boast has yet to die down when MMM entered Nigeria and left our people weeping.

Success or failure is a system. Every working system has an end result. Nothing has capacity to change the result of a system except to stop the system. You can't change the result of a system by changing the system components. No! You can't. To change the result of a system, you must change the entire system and bring a system built to give the result you desire.

Nigerian dollar market was built to crash. I can hear a few people screaming at me. Are you out of your mind? How can you build something to crash?

From beginning, Nigerian dollar market was built to crash.

The dollar market was built to make a few people rich against the rest of the people from the beginning. This was done through the introduction of the black market system. Every dollar sold to the black marketers by the CBN is done at a subsidized rate of which is paid for by the masses. Government claim to pay for this dollar subsidy, the masses make a repayment to the government as they do in other subsidiaries.

We still on the subsidy on dollar not the profit made on every dollar sold by both the government and the trading institutions. Every profit add value to the seller and takes value away from the buyer. When the buyer decides to become the seller.

Dollar price go up in every government depending on how much the government wish to make out of dollar subsidy.

To end dollar upsurge and bring it down to its kneels, is to end dollar subsidy. This can be done by ending dollar black market transactions in the nation and resurrect our banking institutions to take care of all our dollar issues as a nation.

The monster killing our dollar is not black market system. It is the government patronage of the black market system against the government established system (the banking institutions) and encouraging the masses to do same through policies and body language.

You are entitled to your opinion.

Prince081:
You are entitled to your opinion.

That is the foundation upon which democracy was built. The world acclaimed best system of governance.

I always wonder along those lines, why we celebrate BDCs/parallel markets instead of banks in our dollar dealings?
Why BDCs/parallel markets would have dollars to sell but banks won't?