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We Have Plans to De-dollarise the Nigerian Economy to Strengthen the Naira — Olawale Edun
Nigeria’s Minister of Finance, Olawale Edun, has announced the government’s plans to de-dollarise the Nigerian economy in a bid to strengthen the Naira.Edun emphasized that reducing the nation’s dependency on the U.S. dollar for international transactions is critical to stabilizing the Naira and boosting the country’s economic resilience.
Edun highlighted that the dependence on the dollar for trade and financial dealings has negatively impacted the Naira, leading to depreciation and inflation.The government aims to diversify its foreign exchange reserves, promote the use of the Naira in international trade, and encourage foreign investment in local currency, thereby reducing demand for foreign currency.
In conclusion, the Finance Minister’s declaration signals a bold move toward restoring the Naira’s value by reducing the economy’s dependence on the dollar. This policy, if well carried out, could play a significant role in boosting Nigeria’s economic growth.
Nigerians reacts to President Tinubu trip to UK and lament that the timing is just bad. The timing of the trip and the arising crises occurring in the country.
It can be noted that the President, his wife and some other officials followed him on the trip.
And the public has shouted that we need the officials here in the country in the crises, asking who will help to manage the state of things as they are all going at once.
People shared their displeasure with a large crowd following the president to another country and leaving Nigeria in this state.
Federal Government in Nigeria has declared March 19th and 20th as public holidays for the end of Ramadan.
This was revealed by the Minister of Interior, Olubunmi Tunji-Ojo. He made this announcement on behalf of the Federal Government.
He wished Muslims a joyful Eid al-Fitr celebration.
It has been reported that President Bola Ahmed Tinubu has departed to London.
The Nigerian leader is travelling ahead of a state visit to the United Kingdom. The purpose of this visit is to strengthen bilateral relations and explore avenues for collaboration on issues such as immigration, trade, investment, and cultural exchange.
Amid this travel, the fuel prices still remain increased and many of the public are still there.
Nigerians react to the news, stating that he is leaving Nigerians once again to suffer with the current state of things before he returns.
They are calling out for him to do something and change about the fuel.
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