Well I don't know what the federal government are doing but it seems whatever's strategy they arr taking it's seems to be paying off because the naira has risen against the dollar from 1900 to 1100 and if this continues it might likely appreciate more to even 800naira but my only problem is that how will they do with the cost of things that still remains the same or even tend to be more costly now because with the rate at which the naira has appreciated, we ought to see some drastic changes in the cost of things currently in the country.
I think these are some of the most important and delicate moves that the Federal Government is taking against the end in abuse of the local currency of naira we are using in the country and to also bring to an end the abuse of dollar which is an foreign currency that we are not using here domestically but internationally. And one thing that I also want EFCC to do while appreciating the efforts that they already put in is for them to also investigate seriously around the sells and purchase of crude oils from an outside the country.
It's very important that we investigate those because there are claims out there that the Oil that we are exporting out there, are being bought in Naira, whereas when we are importing, we import, buying those fuels in dollars and that has cost our naira devaluation overtime and the fall of our currency as well for us to be able to get things right, we have to maintain a well structured transaction model which must be that if we are selling our products to the international market, we are selling them in Dollar equivalents and not Naira equivalents. The currency will become stronger and gradually the naira currency can completely stand on its feet so that there's not gonna be any form of intimidation coming from any other part of the world thing.