NIGERIA SHOULD JOIN BRICS AND SELL CRUDE IN NAIRA- FALANA

As a way to strengthen the naira against the dollar, human rights lawyer, Femi Falana, has urged the Federal Government of Nigeria to join economic bloc BRICS and sell the Nigerian crude to foreigners in naira and not in the United States’ currency.

He also said the Federal Government should reduce its reliance on the economic predictions and policies of Bretton Woods institutions like the International Monetary Fund and the World Bank.

He said There are countries in the world today insisting that we are not going to be tied to the American dollars and those countries are in the BRICS – Brazil, Russia, India, China and South Africa.

The Senior Advocate of Nigeria also said the government is dancing around the problem, saying that the circulars by the Central Bank of Nigeria won’t solve the forex challenges.