We’ll continue to witness decline in Naira – Daddy Freeze

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Controversial Nigerian media personality Daddy Freeze has sounded the alarm about an impending famine in the nation and decline in currency.

As long as Nigeria fails to export sufficient commodities, he stated that the Naira would persist in depreciating due to a lack of earned hard currencies.

Encouraging those earning low wages in urban areas, he suggested returning to villages and engaging in farming to counter the impending famine.

In a recent video message on his social media page, Daddy Freeze expressed,“We will continue to see the decline in our currency because we are not selling anything and getting hard currencies in return. That needs to be fixed by two sets of people: the government and the citizenry.

 

“Citizens, if you’re working in Lagos and you’re earning N50,000 monthly, I think it is high time you went back to your village, got some land and started farming. There’s a looming possibility of a famine in this country. There’s not enough food to go around.

 

“From my understanding of the situation, here is my advice: My Igbo brothers and sisters building mansions to compete with each other in the village…I’m not saying it’s wrong, but instead of building mansions, build more factories.

 

“You need to build more factories and the government needs to support you. The government needs to do whatever it takes so that your businesses can succeed.

 

“And by business, I mean businesses with export targets. Whatever you are producing should be exported. We import milk from France and Denmark. We cannot rely only on oil. The government needs to support local manufacturers.”