Source: ConnectNigeria.com

Source: ConnectNigeria.com

Imagine my joy when I saw the #BuyNaijaToGrowNaira hashtag on Twitter. No, you can’t possibly imagine! I’ll imagine on your behalf.

Not just that the hashtag rented a room on Twittersphere but it was trending on the streets… in regular lingo: it was the talk of the town.

I was happier seeing Nigerians happy that this has come to be – and possibly stay.

So far, this is tip-top. Or almost.

One of the good things I summarized in this sentence I penned in my memo on the 10th of this month, “If we could look at this oil crash more creatively and analytically than we’ve done in Aso Rock and various places of thoughts, perhaps we’ll realize it’s a release from the oil curse dancing on our heads for decades. Wake up call, I must say.”

Oft, we look outwards to solve our problems/challenges, as far as the mountains whereas the solution may lie just under our nose, tickling our nostrils or giving us catarrh. And this boils down to being divergent or convergent about the issue.

For years (since I was born), Nigerians have talked about Aba and other places of production and why it’s necessary to harness their talents/passions. No attention paid even though the advice was free. We didn’t like awoof in this kind of thing.

Oft, we look outwards to solve our problems/challenges Click To Tweet

But the crude oil crash and the rise in exchange rate has forced our deaf ears open. We can now hear (amen?)

YET…

…while this is an awesome hashtag, for it to have the effects of growing the naira, it must not be individualistic but holistic. From my purview, two things need to be done as far as I can see (actually, an extra one for the house of Nigeria):

  1. Exports.
  2. Enabling environment.
  3. Quality check and maintenance.

The government has to be involved on the local, state and federal levels by creating enabling environments, facilities and grants for these men and women (including Okwukwe) to produce exportable quantity, else, we’ll consume everything within Nigeria – and if (and when) we do so, it’ll be but a circulation of naira. But if exportable quantity is produced, we consume and we export aka invest and spend.

Via exports, we acquire the dollar, euro, pound and other currencies and this will help in growing the naira.

But the crude oil crash and the rise in exchange rate has forced our deaf ears open. We can now hear (amen?) Click To Tweet

Also, regulatory bodies have to be on the go, performing quality checks and all to ensure that standards aren’t compromised in favour of quantity.

But if the government decides to shirk responsibility as is the wont of previous governments in Nigeria, this hashtag will just be and remain an emotional spillover from the effects of the dollar on an economy, previously and currently being crushed by low prices of crude oil.

I hope it won’t be so. I really hope so. This may just be one time I get to kneel down (tonight) and pray for Nigeria; I stopped praying some years ago.

May God bless the hard and smart working Nigerians.

...while this is an awesome hashtag (#BuyNaijaToGrowNaira), for it to have the effects of growing the naira, it must not be individualistic but holistic Click To Tweet Via exports, we acquire the dollar, euro, pound and other currencies and this will help in growing the naira. Click To Tweet
Written by Okwukwe

Writer + Entrepreneur + Designer + Creative Artist + Tech Lover + Firework Lover + Travel Freak + Retired Economist (’08-’12) = Okwukwe

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