Below are three major current drains on the Nigerian Naira according to Kingsley Ubani, Media Aide to Senator Uche Ekwunife;
Education: More Nigerians are seeking foreign Education for themselves and their children. The standard of education and lingering strikes have further exacerbated this.
Healthcare: More Nigerians have lost hope in the Nigerian healthcare system and are buying dollar to spend on medical tourism abroad.
Relocation: This is the big one! More Nigerians are requidating their assets in Nigeria to fund their relocation or in the local terms ‘jakpa’ expenses.
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