Ruth Kadiri, a Nigerian actress, believes that the government can develop the Naira if it stops borrowing from foreign nations and instead looks for value propositions within Nigeria.
The actress took to Instagram to express her displeasure with the naira’s depreciation versus other currencies around the world, as well as to propose some ideas to help the naira.
She wrote, “Do you know that even if you have been saving 1 Naira daily since 1st of January, you won’t still have 1 Dollar by 31st of December?
“That is how bad the Naira had fared against other currencies of the world. The union called Nigeria doesn’t seem to be working, but the government isn’t happy to hear that.
“To grow the value of our Naira, the government needs to stop borrowing and start looking inward for value propositions within the country itself.
“We have alternatives to oil and gas, but it is not going to be the fastest way to raise funds that will be siphoned by the government officials.
“That is why borrowing from China, Brazil, and others is seemingly becoming the norm. That works faster and it is the easiest means of raising money than investing in agriculture and other alternatives we have.”
See a few reactions culled her fans;
isypat22 wrote: No truer words ma..but the government are not ready for this.. They’re only concerned about themselves and not the yearnings of the masses..we won’t stop talking!