Oluwo of Owo urges wealthy Nigerians to sell dollars and convert to naira to reduce exchange rate and inflation.
Oluwo of Owo, Oba Abdulrosheed Akanbi, urges wealthy Nigerians to sell their dollars and convert to naira, blaming the high exchange rate on dollar hoarding. He argues that availability of dollars in the market would reduce exchange rate and check inflation. The monarch calls on rich Nigerians to demonstrate patriotism by disposing of dollars, as they are part of those causing harm to the economy.
March 23, 2024
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