These EeePCee people sef. E bi like sey na comedians plenty pass serious minded people for there. See d type of talk wey dey comot from a whole CBN. So, for dem mind na to redenominate d naira go make am compete with the US dollar, ba? Jokers.
No where that CBN said naira re-denomination will make naira to compete United States dollar. This is what CBN talked about what you are or that you may be referring to:
Will the new Naira Policy or the re-denomination solve all of Nigeria’s economic problems?
No. The new policy (as a package of 4-point agenda) will only deliver the things outlined at the beginning of this Note. Mr. President has outlined a 7- point agenda needed to create wealth and jobs, reduce poverty, and ensure security of lives and property. The new Naira policy will help to create the macroeconomic stability, efficient payments system and confidence, which constitute an important building block to enable Mr. President’s programme work well. All stakeholders in the Nigerian economy--- public and private sector institutions and individuals--- will have to do their respective parts under the able leadership of Mr. President for the Nigerian economy to boom and endure.
Instead of this government to find ways of creating export, they're there talking about irrelevant stuff. Create export of owa goods and services and people go need d naira to pay for them. Dat way, the naira will be strengthened and in high demand.
You are definitely right about this. Nigeria needs more export and also in the process there will more products and services that will be created locally, instead of depending more on imports. Although, a government that wants to do something good can begin this way, but if what is affecting the economy is not tackled, the price of naira will begin to decrease again and again as the government will start depreciating naira as it is now and nothing changed.