Human rights lawyer Femi Falana suggests Nigeria join BRICS economic bloc to strengthen the naira, advocating selling crude in naira instead of dollars. He criticizes reliance on IMF and World Bank policies and calls for discarding their suggestions.
Falana emphasizes the need to address forex challenges and promote the country’s currency. He believes that selling Nigerian gas and crude oil in naira would help boost the currency’s value.
Falana urges the government to discard “deleterious policies” of the IMF and World Bank, arguing against increasing electricity tariffs and removing petrol subsidies.
He highlights the role of the National Economic Council, advocating for its guidance over international institutions. Falana condemns the influence of IMF and World Bank, considering them tools of imperialism.
He plans to take steps following the court’s deadline for the government to address commodity prices.
