Post
Topic
Board Nigeria (Naija)
Re: Bitcoin; the answer to over dependence of the scarce dollar in Nigeria
by
Rhow
on 08/09/2025, 18:37:40 UTC
One problem that has even been disturbing the growth of the Nigerian economy and even the way that our local currency perform has been this uncontrollable over dependency on the dollar which doesn't occur in saner society which the government give importance to the growth and development of their economies, Bitcoin can be used in used in bringing the gap when it comes to making payments across boundaries but I don't think that it a solution to the current economic situation we are been face with.
Yes, I agree with you. I would blame the dollar as one of the reasons for this kind of inflation in our country's economy. Although the dollar is helping us meet our financial needs. But, it is because of the dollar that we have such a big inflation. We should not be overly dependent on the dollar and our economy should focus on development. If we still take effective measures, then I think our economy can be fine again.