Recommendations on how to grow the Naira-4

Hey Readers, this article is actually my fourth on recommendations on how to grow the Naira, it is linked to my previous post on Recommendations on how to grow the Naira- 3, This is clearly the most difficult

measure for Nigeria to adopt because banks would not want it, this measure advocates for an increase in interest rate.  An Interest rate, in this case, is an amount of money paid by the banks to their customers; an interest paid on deposits made in a savings account or a fixed deposit accounts. I bet you must have noticed that when you deposit a certain amount of money in your account probably for a month without withdrawing more than three times, the bank pays an interest to you at the end of the month (if you get to withdraw more than three times, you are not paid interest). Imagine if this amount of money or interest is high, say about 20% of the money you have in your account, automatically, 10,000 Naira earns an interest of 2,000 Naira. An interest rate as high as this would attract foreigners from abroad, it's a lucrative business, depositing their foreign currency in Nigeria earns them high returns with such interest rate, this singular act will increase the amount of dollar we have to sell, hence reducing the price of Dollar. The problem with this is that most banks wouldn’t accept to pay such high-interest rate, but if the Central bank of Nigeria is ready to impose it on them, well, they will have no choice other than to comply.  Comment below.