I really love the news I’m hearing about the Nigerian currency – the Naira!
I even heard it has started reflecting in the markets.
Let me make a very obvious confession.
And that is, I’m not an economist.
However, I’m not so dumb as not to understand the basic intricacies of the international market. That market, in simple terms, is a market of imports versus exports,
In other words, if a nation’s imports exceed exports, its currency will be unfavourable, and vice versa.
So, I hope Nigerians have quenched their thirst for foreign goods. More importantly, I hope Nigeria’s industries are now in full-scale production.
A serious nation would not indulge in the government spending money on pilgrimages, whether holy or unholy. In fact, patriotic private individuals would not even dare to go on pilgrimages as a service to the fatherland.
Let’s just hope the government is not practising what some people have referred to as voodoo economics!
041924
