{"id":104733,"date":"2023-05-09T21:21:52","date_gmt":"2023-05-09T20:21:52","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=104733"},"modified":"2023-05-09T21:21:52","modified_gmt":"2023-05-09T20:21:52","slug":"why-nigeria-shouldnt-be-selling-crude-oil-in-dollars-falana","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/why-nigeria-shouldnt-be-selling-crude-oil-in-dollars-falana\/","title":{"rendered":"Why Nigeria shouldn\u2019t be selling crude oil in dollars \u2013 Falana"},"content":{"rendered":"<div id=\"m#msg-f:1765442358731769392\" class=\"mail-message expanded\">\n<div class=\"mail-message-header spacer\" style=\"text-align: justify;\">Human rights lawyer and Senior Advocate of Nigeria, SAN, Femi Falana, has justified why\u00a0 Nigerians should not be selling its crude oil in dollars.<\/div>\n<div class=\"mail-message-content collapsible zoom-normal mail-show-images \" style=\"text-align: justify;\">\n<div class=\"clear\">\n<div dir=\"auto\">\n<div dir=\"auto\">\nThe SAN, who accused the Central Bank of Nigeria, CBN of \u201cdollarisation\u201d of the Nigerian economy, faulted the use of dollar for business transactions in Nigeria.<\/p>\n<p>Falana who stated this while speaking in an interview with a national Television\u00a0said the CBN has not responded to his concerns about the \u201cdollarisation\u201d of the Nigerian economy despite promising to do so.<\/p>\n<p>The human rights lawyer claimed that house rents and school fees are being paid in dollars in some parts of the country.<\/p>\n<p>On the stance of the federal government on the quest of the BRICS countries \u2014 Brazil, Russia, India, China and South Africa \u2014 to introduce an international currency to challenge the dollar, Falana said, \u201cAlong our campaign against dollarisation of the economy, the world is moving.<\/p>\n<p>\u201cThe BRICS is now campaigning that it is going to have an international currency to challenge the dollar.<\/p>\n<p>\u201cAbout 24 countries have applied to join the body in their next summit that will take place in South Africa.<\/p>\n<p>\u201cI am simply asking, what is the position of Nigeria? Have we reduced ourselves to the footnote of history as far as international affairs are concerned?<\/p>\n<p>\u201cWhen you look at section 19(e) of the constitution, it provides that it shall be the duty of the government of Nigeria to promote a new international economic order.<\/p>\n<p>\u201cWe have no business selling our oil, gas, and other products in dollars, we are supposed to ask the buyers to pay in naira so that you can shore up your currency.<\/p>\n<p>\u201cThat is what Russia is doing currently. China is doing the same. India is doing that.\u201d<\/p>\n<p>BRICS is an acronym for Brazil, Russia, India, China, and South Africa. BRICS was established to form an alliance to challenge the west, especially the G7 countries.<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"mail-message-footer spacer collapsible\" style=\"text-align: justify;\"><\/div>\n<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Human rights lawyer and Senior Advocate of Nigeria, SAN, Femi Falana, has justified why\u00a0 Nigerians should not be selling its crude oil in dollars. The SAN, who accused the Central&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":93658,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-104733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why Nigeria shouldn\u2019t be selling crude oil in dollars \u2013 Falana - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/news\/why-nigeria-shouldnt-be-selling-crude-oil-in-dollars-falana\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Nigeria shouldn\u2019t be selling crude oil in dollars \u2013 Falana - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"Human rights lawyer and Senior Advocate of Nigeria, SAN, Femi Falana, has justified why\u00a0 Nigerians should not be selling its crude oil in dollars. 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