There have been expressions of concern in the increasing use of the U.S. dollar in the Nigerian economy. In fact, so much so that it was the subject of a resolution in the House of Representatives, which passed a motion, moved by Mr Nadu Karibo (PDP, Bayelsa State), asking the Central Bank of Nigeria to ban use of the dollar and other foreign currencies in local transactions.
Nigeria: Fears of Dollarizing Nigerian Economy
Daily Trust (Abuja), 28 February 2013
There have been expressions of concern in the increasing use of the U.S. dollar in the Nigerian economy. In fact, so much so that it was the subject of a resolution in the House of Representatives, which passed a motion, moved by Mr Nadu Karibo (PDP, Bayelsa State), asking the Central Bank of Nigeria to ban use of the dollar and other foreign currencies in local transactions.
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