After losing tons of money owing to the poor performance of the naira, a Nigerian businessman says he’s looking for another citizenship.
And he won’t mind opting for Ghana ahead of Nigeria – the country of his birth, the giant of Africa. Even Somalia is not off limits, Olayiwola Idowu says.
Here’s what Idowu posted to Facebook on Monday:
NewsroomNG chatted him up on why he would consider renouncing his citizenship. He said the following:
Why do you want to disown Nigeria?
N400 to $1…they are trying to say that 400 people in Nigeria are equivalent to 1 person in America in terms of value.
How’s the exchange rate affecting you? Any recent experience?
I run a web hosting and domain name registration. Renewal costs are now skyrocketing. We host in the United States. We’re losing money.
How much do you think you’ve lost since the naira started its recent free fall?
I can’t put that kind of estimate out there. Just say it’s in thousands. Not millions yet.
Of dollars? Naira?
Naira.