This is Google's graph of the Naira against the US Dollar today. It represents the situation since a week to Christmas.
As you can see, this is a literal "graphic" sampling of what has befallen the Naira in the last 20 months of the Tinubu Administration.
But, watching the trend indicates that the worst is yet to come: This 2025 looks like another year of huge forex downturn for us - unfortunately.
But, pitying ourselves is not a mature approach to issues. Instead, what matters the most right now is...
How Can You Be Safe From The Next Naira Plunge?
Without wasting a second, your choicest answer is: Save your money in a standard hard currency. Don't use crypto currency to save because it's also unstable like the Naira: It's value can diminish any time (unless you just decide to trade long term).
To save safely in the US Dollar while in Nigeria, your best bet is to open and run an account with a well-established commercial bank based in the United States.
To help out here, we want to teach Nigerians how to reliably run a US-based bank account from Nigeria. You open the account completely free of charge with your NIN and BVN.
The account is domiciled with Wells Fargo Bank in the US State of Oregon. But, you can conveniently deposit into it as well as withdraw from it using any bank account with a government-approved commercial bank in Nigeria.
How Can You Participate In This Program?
First, we want to know if there are enough people who are interested in this. This is as a result of our past experiences with the Nigerian audience.
So, if you are interested in this, express your interest via this document. Thanks.
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