Thursday, 10 October 2013

Nigerian Naira And Its Value

From time to time, new Naira notes are pumped into the economy, billions of money spent to improve the face of the Naira notes but little attention paid to how to improve the value of the Naira notes. Someone said "Beauty comes from within." The real beauty of the Naira note is not gotten from improving the face. You treasure what you value, so long as the Naira is not valued, new notes will be pumped to persuade people to treasure it.

There was a time Nigeria's currency had the same value as the US Dollar, if not higher. Where did all that go to? Was it not the same Nigerians that handled the economy of Nigeria back then that make it possible? How then is it possible that the Dollar is now over a hundred and fifty times more valued than the Nigerian Naira? Are aliens now controlling our economy? Where we talk of releasing new Naira notes, we should be talking of improving the value of the Naira. Let us all go back to the drawing board and correct where we all got it wrong. There is still hope for the Nigerian Naira.

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