What Is the True Value of the Naira

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Naira Notes

By ‘Tope Fasua

…what is wrong with the naira is what is wrong with Nigeria itself. It is quite fundamental and predates most of the leaders that we like to blame for it. However all our leaders, without exception, have not been able to appreciate the enormity and profundity of what we are faced with, much less begin to do something original about it.

The story goes about a debate between Dr. Tai Solarin and no less than Chief Obafemi Awolowo on the floor of the Western House in Ibadan and about a subject for which they were both passionate and which defined their sojourns on mother earth more than any other; education. The period was sometime in the 1950s. Whereas Awo saw the urgency for Africans – especially Nigerians – to catch up with the rest of the world by obtaining the enlightenment which comes with education, Tai believed we needed to worry more…

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