The current rate of 1 Naira to 1 Dollar at the time of writing this article has risen from the normal N360 that we once knew it to be during the GEJ administration to a whopping N582 per dollar. In truth, the Nigerian economy is collapsing rapidly to the bottom under the Buhari-led administration. Never in the history of Nigeria has such a bad economy occurred as it is occurring now. The country's system is very weak, despite the fact that Buhari had assured Nigerians that he would find a way to fix the current problems the country is facing before he leaves office in 2023.
President Buhari recently traveled to New York, United States of America, for the 76th Session of the United Nations General Assembly, where world leaders will gather to discuss the world's future after COVID-19 brought the world to a halt in 2020. In this manner, solutions to each nation's current problems can be revealed.
2020 was a year attacked by COVID-19 worldwide. 2021 has been a year attacked by banditry directed by Nigerians. The beginning of this year has seen so many great challenges as people were busy gathering themselves and trying to recover from the dreaded COVID-19 pandemic before banditry took over. Boko Haram insurgents have been more fierce this year than ever before. Many Nigerians have been killed and kidnapped by Boko Haram insurgents and bandits. Banditry is at its apex this year and has really been a new line of business practiced by bandits almost everyday.
Bandits kidnap innocent Nigerians and ask for ransom in exchange for their freedom. This act is what has also contributed to sucking the growth of Nigeria and collapsing the country, thereby promoting the rise of the dollar in the economy, because foreign investors won't find it safe to invest in a country often attacked by bandits. In my opinion, the only way the country can at least see some light shine is if bandits are declared as terrorists by the Buhari-led administration and vanquished instead of granting some of them amnesty.
A recent report says a total of 612 victims were killed by kidnappers across 103 local government areas and 29 states in August. This is enough proof that the December period might skyrocket the ongoing crisis times two if nothing is done about it now.
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