27/04/2024
*NAIRA: The Fall of The Great*
Not so long ago, the Nigerian naira was a very strong currency, so strong that in the 70's, 80's and to be specific, as at 1979/1980 Fifty five Kobo could get you $1 🤭🤭
As the years grew by, there have been a radical decrease in the value of Nigerian naira due to lack of economic wisdom 😪
Between 1972 - 2000, a dollar was less than 100 Naira.
Right now a dollar is now over a thousand naira ( #1000) Which makes Nigeria economy to be in shambles, as the price of things increases on a daily basis.
In Nigeria, there are reported and unreported su***de cases due to economic hardship in the country.
With the free fall in the value of our currency, we are beginning to see more public expression of frustration, which could lead to an increased risk of su***de and even social unrest.
With the rate of decrease in value of Nigerian naira, earning in valuable foreign currencies like pounds, euros, dollars etc is advisable
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