Our naira currency may no longer appreciate better for these reasons (Opinion)
Over so many years Nigeria economy has been tumbling so poor at which our Naira currency has drastically depreciated so bad while rating with foreign exchange.
Our naira currency may no longer appreciate better is due to the excessive usage of foreign currency in our country.
So many companies in Nigeria pay their workers with dollars instead of our naira currency, which have made our currency to be so common to so many prominent men in the country who are supposed to be worried about the state of our currency help to bring up ideas to tackle the current economic issues in Nigeria.
Many of our top politicians aren't worried about the state of our currency because they mostly don't spend their lives in Nigeria and besides they have it in excess, so they don't feel the hit, even most of their children that work in Nigeria big companies get their salaries paid in dollars, like Shell petroleum development company of Nigeria, Chevron, Mobil Oil and Gas multinational (ExxonMobil), telecommunications (MTN precisely), Total oil and gas, Nigeria Breweries, Nestle Nigeria PLC and so others.
These aforementioned companies don't only pay higher but rather pay their workers in dollar currency. This is what Nigeria government need to stop, to help our currency.
The first thing our government should do to promote our currency and make it more standard as it was in the '90s, is to mandate those companies to be paying their workers in naira, at least it will make everyone feel concerned about the state of our currency and this will reduce the Negligency of our local currency and will also reduce money laundering outside our country.
Albeit with this idea will be a starting stage to help fight corruption in the country as well.
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