Post
Topic
Board Nigeria (Naija)
Re: The bad habit of business in Nigeria
by
Cryptomultiplier
on 21/03/2024, 20:10:52 UTC
... If you want to make the country better, the only option is to crash the country currency so that the citizen will not be able to import and will focus on what we can produce. This is the strategy I have found out that our government is using but many people don’t really know.
I will be so glad if we can talk about this maybe I am wrong, right.

If I can understand you correctly, you are referring to inflation. That is, the government has increased interest rates and removed subsidy, also they have not increased minimum wage or made improvement to the salary structure yet the dollar is mostly still being used for international trades including imports and exports with its exchange rate to the Naira almost nearing #2k.
 Oh yes, the Naira might get up to #2k to a dollar and it is just a hunch incase you wondering if I saw any signal of such anywhere.

Well, there's the talk of this country adopting the BRICS currency so as to ease the worsening economy but before that happens, if we make do with alternatives and patronize homemade goods more, maybe we would have helped to better the economic situation to an extent that the price of things will become cheap because they are readily available in surplus supply.