OPEN LETTER TO THE NEW CBN GOVERNOR, CARNDOSO

Dear Mr. Governor,

The rate at which Dollar to Naira exchange rate skyrockets recently requires you to take some drastic steps to rescue the collapse of Nigeria economy.

Having taken time to study this challenge, the solution is hereby proposed that the federal government should make pronouncement, or to give executive order that the personal possessions of Dollars in Nigeria should be illegal.

It should be declared that only registered business ventures should be allowed to transact with dollars, and the currency must only exist in the domiciliary accounts.

Possession of dollars by individuals should be declared illegal, and Police ahould be strenghtened to arrest any culprit.

A lot of Nigerians abuse the currency, stock them in their houses in excess, leading to its scarcity for business transaction, which is responsible for the high exchange rates.

The worse part of it is that some Nigerians go to party to spray enormous dollars lavishly, and this act should be declared illegal. Anywhere it is practised, the organiser of the event and the spenders should be jailed.

Some politicians also stock billions of dollars in their houses. The dollars that are found wanting in the banks are stocked purposelessly in their custodies, particularly the lawmakers. This attitude is very bad to our economy and should declared that anyone found with dollar bill at any spot should be arrested.

It is of no use that Nigerians must carry dollar bills around, some even shamelessly display them on social media, without in any affiliation to international transaction.

The system of third party involvements in procurement of dollar bill should be banned.

It is time for the new CBN governor to take this drastic step to rescue Nigeria from the path to economic perdition.

In the countries where dollars are their legal tenders, do we see their patriots place so much value on Naira to the extent that it is abused? This is the time to rescue the economy by declaring the use of dollar should be only through domiciliary accounts.

Then, Naira's value would gradually be revived.

May God direct our noble course and guide our leaders right.

One Nigeria

Nigeria will rise again

Why must the government allow dollar to float all around the country? It shows Nigeria is a lawless country

Any decision that will hunt the elites is deemed unfit in this country.

Jking20:
Any decision that will hunt the elites is deemed unfit in this country.

ALL THE BAD LOSERS OF ELECTion HAVE MALLAMS ON STREETS HAWKING their illicit DOLLARs LIKE GROUNDNUT.IS SO SICKENING,MALLAMS ARE THE ONES MISLEDING TRADERS WITH HOARDING OF CURRENCY FROM DRUG DEALS AND ILLICIT TRADES,GOD BRING THEM IFSHA. WE PRAY AMERICA INTRODUCES THEIR DIGITAL DOLLAR FAST TO STOP THIS DOLLAR HAWKING ON STREET GOD WILLING FROMT THIS YEAR.

PARADIZEPRIEST:
ALL THE BAD LOSERS OF ELECTion HAVE MALLAMS ON STREETS HAWKING their illicit DOLLARs LIKE GROUNDNUT.IS SO SICKENING,MALLAMS ARE THE ONES MISLEDING TRADERS WITH HOARDING OF CURRENCY FROM DRUG DEALS AND ILLICIT TRADES,GOD BRING THEM IFSHA. WE PRAY AMERICA INTRODUCES THEIR DIGITAL DOLLAR FAST TO STOP THIS DOLLAR HAWKING ON STREET GOD WILLING FROMT THIS YEAR.

Reason Nigeria government must take proactive step to rescue the economy

Jking20:
Any decision that will hunt the elites is deemed unfit in this country.

It means we are ready for proactive economic transformation in Nigeria.

Anyway, pronouncement is one thing, implementation is another

This shows you don't understand how foreign exchange works.
Go and read up on balance of trade. Then maybe we can explain to you.

Freegift75:
OPEN LETTER TO THE NEW CBN GOVERNOR, CARNDOSO

Dear Mr. Governor,

The rate at which Dollar to Naira exchange rate skyrockets recently requires you to take some drastic steps to rescue the collapse of Nigeria economy.

Having taken time to study this challenge, the solution is hereby proposed that the federal government should make pronouncement, or to give executive order that the personal possessions of Dollars in Nigeria should be illegal.

It should be declared that only registered business ventures should be allowed to transact with dollars, and the currency must only exist in the domiciliary accounts.

Possession of dollars by individuals should be declared illegal, and Police ahould be strenghtened to arrest any culprit.

A lot of Nigerians abuse the currency, stock them in their houses in excess, leading to its scarcity for business transaction, which is responsible for the high exchange rates.

The worse part of it is that some Nigerians go to party to spray enormous dollars lavishly, and this act should be declared illegal. Anywhere it is practised, the organiser of the event and the spenders should be jailed.

Some politicians also stock billions of dollars in their houses. The dollars that are found wanting in the banks are stocked purposelessly in their custodies, particularly the lawmakers. This attitude is very bad to our economy and should declared that anyone found with dollar bill at any spot should be arrested.

It is of no use that Nigerians must carry dollar bills around, some even shamelessly display them on social media, without in any affiliation to international transaction.

The system of third party involvements in procurement of dollar bill should be banned.

It is time for the new CBN governor to take this drastic step to rescue Nigeria from the path to economic perdition.

In the countries where dollars are their legal tenders, do we see their patriots place so much value on Naira to the extent that it is abused? This is the time to rescue the economy by declaring the use of dollar should be only through domiciliary accounts.

Then, Naira's value would gradually be revived.

May God direct our noble course and guide our leaders right.

One Nigeria

Nigeria will rise again

School no bi scam mhen... The least you could've done is to read up a little