Femi Falana, human rights lawyer, says Nigerians should not
be selling its crude oil in dollars but naira.
Speaking on Monday, in an interview with Channels
Television, Falana accused the Central Bank of Nigeria (CBN) of the
“dollarisation” of the Nigerian economy.
The human rights lawyer said the CBN has not responded to
his concerns about the “dollarisation” of the Nigerian economy despite
promising to do so.
Falana also faulted the use of dollar for business
transactions in Nigeria, adding that house rents and school fees are being paid
in dollars in some parts of the country.
During the interview, he asked for the stance of the federal
government on the quest of the BRICS countries — Brazil, Russia, India, China
and South Africa — to introduce an international currency to challenge the
dollar.
“Along our campaign against dollarisation of the economy,
the world is moving,” Falana said.
“The BRICS is now campaigning that it is going to have an
international currency to challenge the dollar.
“About 24 countries
have applied to join the body in their next summit that will take place in
South Africa.
“I 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?
“When 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.
“We 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.
“That is what Russia
is doing currently. China is doing the same. India is doing that.”
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.
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