The presidential candidate of the Labour Party, LP, in the 2023 general elections, Peter Obi, has lamented the ‘dollarisation’ of the Nigerian economy.
Speaking during an interview with journalists on Monday on the state of the country, Peter Obi lamented the value of Nigeria, stating that all the things people use dollars to do that are not productive should be removed.
Obi said: “Dollar has become the underground currency of our economy; it shouldn’t be. We have a currency called the naira.
“All the things people use dollars to do that are not productive should be removed.
“I can assure you that when you remove it, it can strengthen the currency. Today, even when you want to do party primaries, people share dollars. That is not our currency.
“There should be a stiff penalty in dealing with the issue. If people earn dollars legitimately, let them spend it the way they want.
“However, it has now become a means of corruption and criminality in our system.”
Peter Obi further stated that the country should work more on exports to strengthen the currency.
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