*NAIRA FALLS*
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*Why The Value of the Naira will Continue to Fall*
I have Long predicted N1,000 to the £ long ago. N1,000 to the $ is on the Horizon. We are watching.
Why should the Naira stop Falling When we Insist on Import Dependency, with Meagre Exports. Come and Abuse me for telling you Truths you don't want to hear.
Is it Govt or Nigerians & Entrepreneurs that engage in Commerce, Industry & Agric that should be Productive and Generate FX Revenues
Guess how much we spend on Imported Basics like Sugar when Sugar Cane & Sugar Beat can grow well in Nigeria even UK that used to depend on stolen Sugar cane from its Colonies does not Import as much Sugar
We Import Salt yet we have vast untapped Salt Mines & Salt Lakes
We Import Wheat yet Wheat can Grow all over Nigeria with Multiple Harvests in the Year
How Much is Still spent on Imported Rice when we should be Net Exporters of Rice
No Growing Country can Develop without Steel all of Dubail could not Exist without vast Steel Construction, but without Steel we Lament why Nigeria is not like Dubai.
To Improve our Construction we need Heavy Construction Steels which are Lighter & more Durable than Concrete Beam Constructions, we Import most of our steel despite all the Raw materials for a Robust Steel Industry.
All the Cars, Generators most Domestic Appliances, Factory Compnents are all Imported.
What do we export Mainly Oil & Gas whose revenues are being Swallowed in Petroleum Imports that are sold at a Fraction of their Purchase Price.
Now it is Apparent why the Naira is falling are the above Factors solely because of Buhari's APC Administration
Ungrateful Nigerians prefer Dependence Culture of Unsustainable Subsidies gulping N4 - 6Trn that could go to Education, Health, Policing & Infrastructure to improve our Productivity.
Over to you I'm waiting your views will be much Appreciated
Please Share thanks
Femi Oke
*Betta9ja*
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