Lets make the naira great Again. by Kenneth Onuegbu {MUST READ}

For the interest of those ignorant, the constant decline in value of the Nigerian Naira to the American Dollar can apparently lead to economic recession.

Recession here means a period of drastic reduction in economic activities. My beloved compatriots, it's our collective duty to salvage our Naira and the economy, thank God things are still within our control.


I want to sincerely state that the Nigerian Government is not to be completely blamed for the recent economic quagmire, rather we are to blame ourselves for our inappeasable appetite for foreign items/materials. I have been able to meticulously come up with a way out of this pandemic economic stalemate and I hope the Nigerian Government taps into it for the betterment of our beloved nation. It's only commonsensical to know that a drastic reduction of importation will enhance local production which would further enhance exportation, thereby giving the Naira "GREAT" value. To make the solution realizable, I have been able to initiate a method called The Substitutional Method, by this method I mean; Outright replacement of our foreign choices with local alternatives.

Permit me to use the following illustrations to expound the Substitutional method.
 
Substituting foreign wears (clothes, shoes, bags, etc.) with our locally produced wears. Thankfully, we have over the years consistently tapped into entrepreneurship and most Nigerians now exhibit a great sense of entrepreneurial Ability. Most Nigerians go for foreign wears because they believe it's more durable while some go for them because they want to feel among the Haves, but I bet you, nowadays locally produced wears are far much better, stronger and flashier than the foreign wears, and this is so because of the competitive rate of local production in most part of the country and this has kept our local producers on their toes. 'No Quality, No Sales'.
 
Substituting imported foods/beverages with our locally produced foods/beverages, for instance, patronizing local farmers instead of importing foreign rice. Candidly speaking, our locally made rice is far more nutritious than the so called foreign rice, we all know our local rice farmers are capable of producing rice and meeting national demand, at least it's doesn't have to stay for 4 to 5 months in a container before getting to us, thank God we are blessed with a fertile soil.

Also, why import meat and fish when we have fresher meats and fishes that we are sure of the feeds we gave to the livestock and we watched them grow before our eyes? Why patronize imported foods, meats and fishes that we are unsure of what they were fed with?, for me, it's like signing our death warrant by ourselves. There are large scale poultry farms and cattle rearers in Nigeria with the capacity to provide meat for the entire nation.
 
Substituting foreign airlines with our local airlines.
Today, British Airways Business class to London is ₦2,103,666 while Arik Business class is ₦551,545, just a fraction of the foreign airline, yet the haves still fly British Airways and yet Arik offers an affordable alternative to British Airways and other foreign airlines. It's simple, the more we patronize these foreign airlines the more we devalue our Naira and give value to these foreign currencies.

I want to categorically state that importation demoralizes local producers and distabilizes local production. Please my fellow Nigerians, let's help make this wonderful Nation Great again by collectively accepting to patronize #madeinNigeria goods and services. I Pray every meaningful Nigerian come across this piece of writeup and live accordingly. I really wish to be part of the Government's Economic Team so I can contribute my unalloyed quota in making the Naira Great again.

My Name is Onuegbu Kenneth Kenechukwu (B.Sc Econs).
+2348035956843
 
#Let'sSaveOurEconomy #PatronizeMadeInNigeria 

#makeNairaGreatagain #ProudlyNigerian