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Dollar Now Underground Currency Of Nigeria’s Economy — Peter Obi - Politics - Nairaland

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Dollar Now Underground Currency Of Nigeria’s Economy — Peter Obi by Ofunaofu: 3:13pm On Oct 02, 2023
The presidential candidate of the Labour Party, LP, in the 2023 general elections, Peter Obi, has lamented the ‘dollarisation’ of the Nigerian economy.

Speaking during an interview with Arise TV on Monday on the state of the country, Peter Obi stated that the Naira should have been devalued.

He added that the use of the dollar in the country has led to unproductivity.

Obi said: “Dollar has become the underground currency of our economy; it shouldn’t be. We have a currency called the naira.

“All the things people use dollars to do that are not productive should be removed.

“I can assure you that when you remove it, it can strengthen the currency. Today, even when you want to do party primaries, people share dollars. That is not our currency.


“There should be a stiff penalty in dealing with the issue. If people earn dollars legitimately, let them spend it the way they want.

“However, it has now become a means of corruption and criminality in our system.”

Peter Obi further stated that the country should work more on exports to strengthen the currency.
https://www.vanguardngr.com/2023/10/dollar-now-underground-currency-of-nigerias-economy-peter-obi/amp/

95 Likes 8 Shares

Re: Dollar Now Underground Currency Of Nigeria’s Economy — Peter Obi by socialmediaman: 3:14pm On Oct 02, 2023
Peter Obi is right, everyone knows including those feasting on agbado and cassava daily

Meanwhile, are those people still releasing today? It's independence day holiday, people want to see and appreciate "excellent" credentials

122 Likes 6 Shares

Re: Dollar Now Underground Currency Of Nigeria’s Economy — Peter Obi by PrinceOfLagos: 3:15pm On Oct 02, 2023
Nigeria is in a serious mess right now

86 Likes 4 Shares

Re: Dollar Now Underground Currency Of Nigeria’s Economy — Peter Obi by Landowner101(m): 3:16pm On Oct 02, 2023
This man keep spilling the truth

166 Likes 14 Shares

Re: Dollar Now Underground Currency Of Nigeria’s Economy — Peter Obi by Nobody: 3:17pm On Oct 02, 2023
Everything will be normal, please Nigerians should excercise patience and by December things will start changing for good.

Anybody that promised you an overnight change is the biggest thief in Nigeria

Asiwaju is not a magician so it's a gradual process.

128 Likes 13 Shares

Re: Dollar Now Underground Currency Of Nigeria’s Economy — Peter Obi by AwokenVawulence: 3:18pm On Oct 02, 2023
Our president

3 Likes

Re: Dollar Now Underground Currency Of Nigeria’s Economy — Peter Obi by AwokenVawulence: 3:18pm On Oct 02, 2023
IconicR:
Everything will be normal, please Nigerians should excercise patience and by December things will start changing for good.

Asiwaju is not a magician so it's a gradual process.

1 Like

Re: Dollar Now Underground Currency Of Nigeria’s Economy — Peter Obi by Nobody: 3:18pm On Oct 02, 2023
PrinceOfLagos:
Nigeria is in a serious mess right now
Tribalistic man

I have prophesied into your life that you'll marry from that tribe you hate most.
Mark this down

105 Likes 4 Shares

Re: Dollar Now Underground Currency Of Nigeria’s Economy — Peter Obi by Ttipsy(f): 3:20pm On Oct 02, 2023
Devastation of Naira will be effective if dollar is banned ! Dollar is heavyweight compared to our currency because no macro economic backup

2 Likes 2 Shares

Re: Dollar Now Underground Currency Of Nigeria’s Economy — Peter Obi by emmanuelbrown26: 3:22pm On Oct 02, 2023
Right from onset, we all know that Tinubu has nothing to offer. When u listen and watch Obi, u will still hv dis small hope that we still hv men with business sense not drug sense.

68 Likes 8 Shares

Re: Dollar Now Underground Currency Of Nigeria’s Economy — Peter Obi by yarimo(m): 3:23pm On Oct 02, 2023
Foolish man instead of you to apologize to the people of Anambra state, for defrauding them as governor for 8 years

110 Likes 9 Shares

Re: Dollar Now Underground Currency Of Nigeria’s Economy — Peter Obi by Meagainstthem: 3:29pm On Oct 02, 2023
The big head clown againgrin

9 Likes 5 Shares

Re: Dollar Now Underground Currency Of Nigeria’s Economy — Peter Obi by slivertongue: 3:32pm On Oct 02, 2023
Obi understands it ooo

16 Likes

Re: Dollar Now Underground Currency Of Nigeria’s Economy — Peter Obi by tuoyoojo(m): 8:24pm On Oct 02, 2023
I remember this bill board before 2015 elections that asked a question " are you okay with N215 naira to a dollar


8 years down the line, it's over 1000 naira to a dollar and everyone in APC is smiling at the camera as though everything is okay

When tilibu was campaigning, he said he was a first class graduate who knew the solution to Nigeria's problem.

The builder of "modern day lagos" to nor fit do abracadabra again

24 Likes 2 Shares

Re: Dollar Now Underground Currency Of Nigeria’s Economy — Peter Obi by accordadoga30(f): 8:24pm On Oct 02, 2023
Hehehehe

Coming from a failure who increased the rate of poverty in Alambla from less than 25% to 53%.

Assuming he was never a governor before, one would think he would have performed better if he was the one elected as the president

Let 1 dollar be 1 million naira, what we know is that no pig will ever become president.

Iya.Miri will never rule Nigeria.

6 Likes 5 Shares

Re: Dollar Now Underground Currency Of Nigeria’s Economy — Peter Obi by RingRoadMafia: 8:24pm On Oct 02, 2023
Peter is undoubtedly a very smart dude

18 Likes

Re: Dollar Now Underground Currency Of Nigeria’s Economy — Peter Obi by Afonjacrusder(f): 8:25pm On Oct 02, 2023
yarimo:
Foolish man instead of you to apologize to the people of Anambra state, for defrauding them as governor for 8 years

Obi is the most trending & most popular politician in Nigeria. Greater than Awolowo and Abiola put together.

39 Likes 4 Shares

Re: Dollar Now Underground Currency Of Nigeria’s Economy — Peter Obi by Cmanforall: 8:25pm On Oct 02, 2023
Sadly
Re: Dollar Now Underground Currency Of Nigeria’s Economy — Peter Obi by smokanabizz(m): 8:27pm On Oct 02, 2023
its okay
Re: Dollar Now Underground Currency Of Nigeria’s Economy — Peter Obi by mactoni91(m): 8:27pm On Oct 02, 2023
As Long as APC still holds power, Don't ever make the mistake of saving in Naira.

Best you save in Forex or Stable coins (crypto)

Because APC has messed up our NAIRA.

6 Likes

Re: Dollar Now Underground Currency Of Nigeria’s Economy — Peter Obi by Nazgul: 8:27pm On Oct 02, 2023
I was just discussing this with someone earlier today, and I was asking him this same question. Why Nigeria is so dependant on the dollar as though it's our currency?

We can choose to sell our crude and conduct international trade in naira. A lot of countries like India, Brazil, Russia, China... etc, have already started conducting international trades in their own currency. It's a means of strengthing their local currency, and increasing it's demand globally.

I don't understand this Dollar dependance we're practicing here.

6 Likes 1 Share

Re: Dollar Now Underground Currency Of Nigeria’s Economy — Peter Obi by ecolime(m): 8:27pm On Oct 02, 2023
He made a valid point here

7 Likes

Re: Dollar Now Underground Currency Of Nigeria’s Economy — Peter Obi by Racoon(m): 8:27pm On Oct 02, 2023
Yet the naira is abysmally useless and valueless in the eyes of the dollar.

2 Likes

Re: Dollar Now Underground Currency Of Nigeria’s Economy — Peter Obi by Chetas81(m): 8:29pm On Oct 02, 2023
PITY NIGERIAN CITIZEN AT YOUR OWN RISK,BAD CITIZEN CAN BUILD A GREAT NATION, PRISONER BEING CELEBRATE IN NIGERIA
Re: Dollar Now Underground Currency Of Nigeria’s Economy — Peter Obi by Voiceofthestree: 8:29pm On Oct 02, 2023
IconicR:
Everything will be normal, please Nigerians should excercise patience and by December things will start changing for good.

Anybody that promised you an overnight change is the biggest thief in Nigeria

Asiwaju is not a magician so it's a gradual process.

Which state are you from I wan check something

8 Likes

Re: Dollar Now Underground Currency Of Nigeria’s Economy — Peter Obi by lamentor78(m): 8:29pm On Oct 02, 2023
This one should just keep quiet, election don pass , if you wan turn motivational speaker let us know

3 Likes 3 Shares

Re: Dollar Now Underground Currency Of Nigeria’s Economy — Peter Obi by callmevirus(m): 8:29pm On Oct 02, 2023
You will never be wrong as long as I'm alive
Those foolish people won't understand because tribalism has eaten deep into their empty brain

9 Likes

Re: Dollar Now Underground Currency Of Nigeria’s Economy — Peter Obi by jeromestarks: 8:29pm On Oct 02, 2023
This Atiku girlfriend is still talking after losing hopelessly in PEPT.
Look at his stupid mouth in his stupid face on his stupid neck.
Useless failure.

Jagaban till 2031.
🇳🇬.

3 Likes 3 Shares

Re: Dollar Now Underground Currency Of Nigeria’s Economy — Peter Obi by RecessionistPMB: 8:29pm On Oct 02, 2023
[color=#990000][/color]
Don't you see how idiotic you sound?
Mumu!!
yarimo:
Foolish man instead of you to apologize to the people of Anambra state, for defrauding them as governor for 8 years

7 Likes

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