Naira Weaken Further To 415 A Dollar

By Ebuka John, Cotonou

Nnahs Lib Writer

Money

The current economic style in Nigeria is making things difficult to handle as investors are looking way round were to survive as many will leave to neighbouring country were things works.


The exchange rate of dollar to naira is bugging people up as one (1) dollar is exchanged to naira as 415 which is likely to increase at any time nobody knows.


Senator Ben Murray Bruce chairman silverbird communication on common sense enlightenment programme were he make sense by suggesting that naira redenomination to boost the lingering economic situation in the country, senator bruce explain that redenomination means that naira digit numbers will be reduced, a good example is 1000 naira will be 100 naira deleting one 0.

That is to say the highest currency will be 100 hundred naira, senator bruce elaborated that this method will boost the economy and the hike in foreign exchange, he also listed countries that used this method that it worked for them.

Do you think that it is good for federal government of nigeria to adapt this method of naira redenomination?.


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