The Solution to Nigeria's Economic Recession by Asoh Uchenna

As an Economist, I am obligated to air my economic view especially in the midst of the current economic recession facing my country Nigeria, and the fall in the value of Naira relative to the dollar.
The fact is that as long as there is increase in importation and consequently increase in the demand for dollar to facilitate foreign transaction, the price for dollar will keep increasing as against the Naira. Now the solution to Mr president is to reduce and discourage excessive importation, and encourage made in Nigeria goods.
Also we need to diversify the economy thereby increasing exportation as that is the means of earning Forex...in conclusion i quote "Nigeria is import dependent and export deficient"
Asoh Uchenna

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