If you don't understand what's happening with the naira and dollar, read this.

Money is not wealth, but only a form of measuring wealth. So, the naira and dollar have no value in themselves. They derive their value from the amount of wealth (goods and services) produced in Nigeria and the United States respectively.

To understand this better, picture a bottle of coke. Money is the bottle and the liquid inside the bottle is wealth. You get?

So, let's say one naira is one empty coke bottle and one dollar is another empty coke bottle. That means that I can give you my one naira for your one dollar and we will both be happy. Right?

But what if I have a dollar coke bottle that is full with liquid and you have a naira coke bottle that is only half-full? Think about it. It means I will expect you to give me TWO of your half-full bottles in exchange for just ONE of mine.

So, one dollar will equal two naira.

It is the same coke bottle, but the contents are not the same. And remember that the bottle has no value, only the liquid inside it.

What has happened with the naira in recent times is that the contents of its coke bottle has been reducing (sliding oil prices), while the dollar coke bottle is still maintaining its full content.

So, the more the content declines, the more naira coke bottles I will demand for my ONE full dollar coke bottle.

Makes sense?

So, how exactly do we ensure that the naira equals the dollar. Isn't it obviously already:

Pour more liquid into the naira. Make it full.

This means we have to produce more goods and services. Create more wealth.

You see, it ain't rocket science.

(Written By Solomon Elusoji  - https://www.facebook.com/olayinkasolomon/posts/1176727419019013?comment_id=1176736199018135&notif_t=feed_comment_reply )