Tuesday, 8 March 2016

Recommendations on how to grow the Naira- 6



My sixth recommendation is on "Export promotion". Nigeria is richly blessed with natural
resources, we can improve the currency through exports, an increase in the production of goods will attract buyers from other countries basically advanced countries, that is after the government must have looked out for the goods that can produced in Nigeria and are needed by these countries. The government can either go into the production of these goods themselves or encourage people in the country to do so, by providing incentives such as; interest-free loans, tax holidays, funding and subsidies.  This can be seen as a long-term solution; it may take time and money before it can work, but If we are able to achieve this, it will solve our exchange rate problem permanently. For further recommendation, you could comment below or send an e-mail to me; ijeomaudechukwu@yahoo.com

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