Nwoko rallies support of youths on Bill prohibiting use of foreign currencies in Nigeria

The Senator representing Delta North Senatorial District of Delta State, Ned Nwoko, has called on the Southern Nigeria Youth Congress (SNYC) to support his proposed motion and bill before the red Chamber calling for the immediate prohibition of the use of foreign currencies in Nigeria. He described the measure as an antidote that would bring […]

The Senator representing Delta North Senatorial District of Delta State, Ned Nwoko, has called on the Southern Nigeria Youth Congress (SNYC) to support his proposed motion and bill before the red Chamber calling for the immediate prohibition of the use of foreign currencies in Nigeria.

He described the measure as an antidote that would bring a permanent solution to the economic and security challenges facing the country.

He disclosed this on Wednesday in Abuja during the Southern Nigeria National Stakeholders Converge organized by the SNYC in conjunction with the Ministry of Youth Development.

The Senator who was the Guest Speaker attributed the economic hardship confronting the country to the use of foreign currencies in Nigeria just as he called on Nigerians to support the call to strengthen and guide the “Naira” which is a symbol of sovereignty of the country.

He said the country would be on the path of economic growth and recovery if the bill is passed into law and use of foreign currencies is prohibited in Nigeria.

The Senator added that the undue priority placed on the “dollar” by the people for any transaction in the country has further weakened and devalued the ” Naira” beyond remedy.

He also called for the closure of Nigeria’s foreign reserve in another country saying that it is counter productive to the economy development just as he urged the Central Bank of Nigeria ( CBN ) to take charge of the management of foreign reserves to achieve economic independence.

“We have our own currency “Naira”. Our Naira is a symbol of sovereignty, we are make to protect it, use it and guide it. People don’t understand the reason why the exchange rate between Naira and other other currencies is so high is because of bad policies since Nigeria became an independent nation. It has nothing to do with this government or the government of Goodluck Jonathan” Nwoko said.

On his part, the Minister of Youth Development, Ayodele Olawande who was represented by Dotun Omoleye urged the youths to support

Tinubu’s led government despite the economic situation in the country.

He said though the country may not have attained the feat where it is supposed to be but some critical decisions are necessary in the interest of future generations.

Also speaking at the event, the President General of Southern Nigeria Youth Congress, Emordi Ugochukwu, said the meeting was aimed at sharing vision for a prosperous and progressive Nigeria, beginning with Southern Nigeria region

Other dignitaries present at the event are; Hon Nnamdi Ezechi, Hon minister for youths (rep), Hon. Clement Jimbo MHR (rep), Ifeoma Onyeoma Agbomah and National Treasurer, PANDEF.