So far the dollar has been rising in giant strides against an epileptic Nigerian naira. The Naira so far has fallen down from the heights of the 1960s when the dollar and the naira rubbed forex shoulders graciously. With the very muscular dollar bullying our malnourished naira, fears amount that the naira would crash far further against the dollar.

These fears were confirmed by the Anambra State Governor, Chief Willie Obiano, who voiced his calculations that the Naira will maintain its almost free to fall against the dollar until it touches a nadir of N500 to the dollar.

Obiano revealed this in course of the opening of the Anambra State Fire and Safety Summit in Awka on Wednesday.

The governor, who gave vent to his worries that the dollar will keep on its stride rising against the naira. According to Obiano, it would take nothing less than 18 months for the economic recession we are facing now to lessen.

Obiano said, “People should embrace risk management. That is the solution to disaster, especially in a recession.

“No recession lasts less than 18 months, so we need to wake up. The naira is moving to N500 per dollar.

“We need to secure our certificates and other valuables of ours so that nothing will happen to them overnight. That’s the way to survive in a recession.”

These are big claims though. Should the dollar rise to such a stipulated height, the economic consequences would be too just rash for the common man. Who knows some parents will start demanding the brideprice of their daughters be paid in dollars!