Despite clamours from economy experts on the need to embrace and patronise made-in –Nigeria products given the dwindling fortune of the Naira which now exchange between N300 and N350 to $1. It is the worst in the history of the Naira. The Nigerian lawmakers seem unperturbed about the county’s economic woes, their insensitivity to the economic hardship currently experienced by Nigerians is well pronounced in their latest decision to import exotic cars from abroad running into millions of Dollars to carry out their legislative duties.
Economy professionals have at many related fora said that the only way to safe the country’s from its present economic predicament, given the fall in the price of crude oil which is its main exported product, is to diversify from oil into Agriculture and other solid minerals which are available in commercial quantities, reduce importation and patronize locally made goods.
Rather than debate on choice of Nigeria made cars, lawmakers are wastefully debating the choice of PEAGEOT AND TOYOTA brands which are to be imported at the expense of the country’s weak Naira.