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Nigerian Languages / Re: EFCC Bans US Dollar Transactions In Nigeria.
« Last post by Agbe on Today at 10:12:18 PM »That is very bad for people of a country to use another country currency to run their businesses. It is not good at all. And when I look at the matter I don't blame the individuals that are using or accepting dollar in their businesses because the government started it all. If the government is calling money in the exchange rate it pronounced in dollar which very bad as well when you have your own national currency you called another country currency to have value to that currency and devalue yours. Really I don't know how true this movement will be personally I like the move because it will drastically reduced dollar and naira will have value but if Tinubu is the president of Nigeria, naira will never appreciate. Naira will not come down to 1k again because Tinubu himself is using dollar for all his doings and not naira. Last election he spent dollar to give to voters and not naira.What do you say about this?There are many big hotels, resorts, and even schools owned by politicians and others that do not accept deposits in naira. The government knows about these institutions and should go after them. Those people are contributing to devaluing our currency because it doesn't even make sense for you to accept another currency within the borders of a country.
If the EFCC can enforce this, the value of our naira will improve.