The Naira Free Fall against the Dollar is all time High

The Naira is still falling freely with no one to hold it back. This morning the exchange rate to dollar is N1240 to $1. Just last week it was N1024.

I never thought this was possible until now. It is very clear to me why Peter Obi the LP Presidential Candidate based it's campaign on the phrase "from consumption to production". 

It's now very obvious that production of goods and services it's the only way out for us today has a nation. We need to start patronizing local content, product and services.

But the Federal Government is still to blame as we know the cars used by the Federal Government is foreign not local even while we have local manufacturers.

I remember how TATA India has grown to become a global brand and a major source of income for the Indian Government because TATA from his initial stage was highly sponsored by the Indian Government. Today they have become a global brand.

The Legislators are planning to buy cars worth billions of Naira, what brand do you think they will go for? That's exactly my point.

The Federal Government is not serious, I mean the Government of Bola Ahmed Tinubu. The Exchange rate has crashed and the fuel is still increasing. What Economic decision is the Federal Government taking to alleviate this difficult time in the Country?

At the moment I see nothing, just words.

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