People forget that Americans revolted against foreign cars and Covid-19 brought back manufacturing jobs and exports back to America.

Led by United Auto workers revolt, foreign cars manufacturers started building plants in the USA and you cannot tell the difference between cars made in Asia or America.

Nigeria actually killed it's budding car industry when Army changed from locally assembled Peugeot to imported Mercedes as official cars.

Covid-19 taught Americans that you do not leave small goods industries to Asia because of cheap labor. They started making simple masks at home instead of importing.

The spike of dollar against naira is self inflicted. How can any reasonable person think he can satisfy the hoarding and saving of foreign currencies when Nigerians yearn for foreign goods?

The fear of scarcity of dollars alone is enough to drive up the exchange.

Until the average and poor Nigerians realize that everything they want can be purchased in Naira, there will be no need to clamor for dollars.

Even the so called made in Nigeria average Nigerians cannot still afford it.

Nigerians are led to believe that Salvation can only come from foreign investment, foreign used goods and services. Not locally made goods.

Since we prefer Used foreign goods than locally made goods, we must enjoy the consequences of overrated US dollars or euros.