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Agbado Economics - Family - Nairaland

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Agbado Economics by MONEY247: 11:19am On Mar 05
The current situation, in Nigeria was caused by just two major factor.....
1) 100% floating of the Naira
2) Removal of fuel subsidy..

No third world country can successfully, flaot it's currency against majors like USD without, first making proper investigation of export compared to import, Real GDP, And FDI...
The policy by the present administration was implemented hastily and harshly, without proper consulting....
We will survive somehow.... but how..
They cannot reverse the decision....
convenient solutions can enacted....and maybe an ease in this troubling times can occur...

Grassroot sensitisation and publicity to encourage local production of large scale farming engagement... This is the first step..

Currency dualization... Government bodies can use advance technology to help the poor and low income families to purchase foreign stocks, bonds and shares with local Naira, ( accumulated funds) with world renowned countries currency, at a matured time, this funds could be withdrawn and formed into food, shelter or welfare tokens and redistributed back either in cash, food items, etc. ...We invest in first world economy and save in third world economy....

Local enforcement,,;shops stores and market places exaggerating prices could be punished if Thier products are being used for exploitive gains...


Just my thoughts

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