As the naira continues to weaken against major foreign currencies, economic analysts are calling on the Nigerian government to redirect national spending towards trade and productive investment.
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Experts argue that Nigeria must shift from a consumption-based approach to one that prioritizes export, local production, and strategic trade partnerships. According to them, the continued devaluation of the naira is tied to a lack of economic activity that brings value back into the country.
“A currency only gains value when it is actively used in profitable exchanges. We must stop just spending and start using money to trade,” said one Lagos-based financial analyst.
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With inflation rising and the cost of living surging, Nigerians are feeling the pressure and many believe it’s time for the government to make the naira work by investing in sectors that generate returns, rather than relying on short-term spending and borrowing.
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The message is clear: money must move with purpose, or it loses power.
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