Naira Valuation: The Simple Solution - Politics - Nairaland
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| Naira Valuation: The Simple Solution by kgr8mike(op): 5:45pm On Feb 22, 2024 |
The simple solution to Naira Valuation is this: 1. Let President Tinubu close all his personal and company related domiciliary accounts held in all banks all over the world (in other countries of the world) and repatriate all the monies to Nigerian banks in Naira. 2. Close EFCC 3. Instruct all government officials to close all domiciliary accounts they hold in all the banks across the globe and bring those monies back into Nigerian banks in Naira. If these steps are taken, the Naira will bounce back and become even stronger than the dollar. If these steps are taken, the currency speculator and indeed the international community will understand that the leaders of Nigeria believe in project-Nigeria. As Naira gains value, Nigerian professionals that went out will return back to the country and Nigeria will once again become a prime destination for experts in all fields of human endeavor and Nigeria economy will kick start. EFCC is a backing dog that is causing capital flight out of the country. We don't need that now. We need our country back. We don't need backing dogs that scares people. EFCC has only caused us more harm than good. It was set up to witch-hunt political opponents. That's not what the country needs. Nigerians need a Nigeria that works for everyone. Immediately all the Governors, all Senators, all House members and other government officials that held domiciliary accounts in banks outside Nigeria return all the money to Nigeria in Naira, it sends a strong message that Nigerians now believe in the country. The American president has his monies in America, so is the UK prime minister, so is France president and Chinese Xi. They all believe in their country and we should too. They have their monies in their countries. As soon as these monies come in, all others will start returning their monies into the country in Naira. Nigeria will now have enough money to kick start industrial revolution and Nigeria will just start working for everyone. It is alleged that the former CBN governor opened 152 domiciliary accounts across the globe, if that is true and that by just one person, then Nigerian problems began from there. Nigerian leaders don't believe in project-Nigeria. But all that can stop if the president takes the leap to do the right thing. All others will follow and Nigeria will become great and even greater. Nigeria is a work in progress, it is a working document and we must salvage it together. Thank you. Written by Michael Nwogu. |
| Re: Naira Valuation: The Simple Solution by oga028315: 5:58pm On Feb 22, 2024 |
kgr8mike:You see part of the reason why it is very hard for the CBN and Tinubu to solve the current naira devaluation... |
| Re: Naira Valuation: The Simple Solution by blacksam01: 6:26pm On Feb 22, 2024 |
So much sentimental write up |
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