Post
Topic
Board Nigeria (Naija)
Re: Bitcoin; the answer to over dependence of the scarce dollar in Nigeria
by
B-BossMan
on 06/09/2025, 11:07:10 UTC
In my own point of view, Nigerians have to depend on the dollar for now, because goods and services are being sold on foreign exchanges, especially oil and other things. To stop all this dependence, our government has to work on bigger infrastructures and tackle economy challenges.

If we can really be able to transact with our able Naira across the countries, Naira dependency will reduce and the Naira will be appreciated more. We bought goods in dollars and sold in naira. It's the same thing with the government when buying outside the country. Moreover, when the government subsidised the fuel, things started changing. Goods in our various markets pumped up, and people started suffering because fuel prices increased, and everyone was saying the dollar has increased and the crude oil has been bought in dollars. Why can't we use our own Naira? ...must we use dollars in every transaction outside the country?

Well, my belief is that with time things will change for the better in the future in this country, Nigeria.