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The presidential candidate of the Labour Party in the 2023 general elections, Peter Obi, has lamented the ‘dollarisation’ of the Nigerian economy.
Speaking during an interview
with Arise TV on Monday on the state of the country, Peter Obi stated that the
naira should have been devalued, adding that the use of the dollar in the
country has led to unproductivity.
He said, “Dollar has become the
underground currency of our economy; it shouldn’t be. We have a currency called
the naira. All the things people use dollars to do that are not productive
should be removed.
“I can assure you that when you
remove it, it can strengthen the currency. Today, even when you want to do
party primaries, people share dollars. That is not our currency.
“There should be a stiff penalty in dealing
with the issue. If people earn dollars legitimately, let them spend it the way
they want. However, it has now become a means of corruption and criminality in
our system.”
Peter Obi further stated that
the country should work more on exports to strengthen the currency.
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