Isyaku Ibrahim
A former Commissioner of Commerce during the immediate past administration Alhaji Ahmed Rabiu, made the statement in an interaction with PERISCOPE ON LINE
He pointed out that circulation of both hard and local ones need to be regulated aimed at ensuring the ends justify the means.
In his word, the Federal Government through the Central Bank should take action aimed at knowing the real amount that is in circulation and above all curtail abuse of local currency he noted.
Alhaji Ahmed Rabiu added that high taste and the concentration on foreign goods to the detriment of local ones should be abandoned and effort should be geared towards reviving ailing industries most of whom have closed shops.
The former Commissioner who lamented the upsurge in the rate of poverty countrywide enjoined President Bola Ahmed Tinubu to take drastic steps through his Renew Hope Agenda with a view to improving the well-being of commoners
This he said would only be practical through meeting the daily needs of ordinary Nigerians in the provision of food, shelter, electricity, water education, roads, health and other infrastructure
The former KACCIMA president regretted how Nigerians pay exorbitantly for some goods like electricity despite the fact it is not provided describing the situation as highly uncalled for, stressing that traders should not be condemned over the present challenges as according to him they are scape goats
He also called for African Unit of currency as being suggested recently as it will help in lessening over dependence on hard currency for transactions by most African Countries particularly Nigeria which he said was the major reason behind our predicament
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