{"id":308957,"date":"2024-02-06T06:09:38","date_gmt":"2024-02-06T05:09:38","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=308957"},"modified":"2024-02-06T06:09:38","modified_gmt":"2024-02-06T05:09:38","slug":"naira-has-developed-stroke-against-dollar-accountant","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2024\/02\/06\/naira-has-developed-stroke-against-dollar-accountant\/","title":{"rendered":"Naira Has Developed Stroke Against Dollar \u2013 Accountant"},"content":{"rendered":"<ul>\n<li><strong>Dr. Gbenga Adeoye likened the plight of the Nigerian naira to a stroke, warning that without addressing corruption, it remains dire<\/strong><\/li>\n<li><strong>Adeoye emphasized the urgent need to eradicate kakistocracy and proposed a 13-point plan to foster development in Nigeria and Africa<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p>In a recent statement titled &#8220;Kakistocracy: The Cause of Underdevelopment in Nigeria &amp; Africa,&#8221; Dr Gbenga Adeoye, a lawyer and accountant, raised the alarm over the precarious state of the naira in the face of the dollar&#8217;s dominance.<\/p>\n<p>Expressing dismay, Adeoye highlighted the misallocation of funds in several states, where designated funds for infrastructure projects are diverted to dollar investments, exacerbating the naira&#8217;s vulnerability.<\/p>\n<p>Adeoye emphasized the <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/03\/05\/nigerians-who-want-to-fight-russian-soldiers-should-start-with-boko-haram-ex-dig-adeoye\/\">severity of the situation<\/a>, likening the naira&#8217;s condition to a stroke, attributing it to systemic corruption plaguing the country&#8217;s leadership.<\/p>\n<p>&#8220;Without curbing corruption, the naira&#8217;s decline will persist,&#8221; Adeoye cautioned, urging for expert intervention to reverse the currency&#8217;s downward spiral.<\/p>\n<p>The esteemed accountant condemned the rampant corruption prevalent in African nations, denouncing it as a manifestation of greed reaching unprecedented levels.<\/p>\n<p>&#8220;We must eradicate Kakistocracy from our governance to propel the development of Nigeria and Africa,&#8221; Adeoye asserted, defining Kakistocracy as governance by the least qualified individuals.<\/p>\n<p>Offering a roadmap for change, Adeoye proposed a comprehensive 13-point strategy, advocating for the recruitment of morally upright leaders dedicated to the rule of law and ethical governance.<\/p>\n<p>&#8220;It&#8217;s imperative to replace incompetent leaders across all levels of governance to pave the way for Nigeria and Africa&#8217;s resurgence,&#8221; Adeoye concluded, urging for decisive action to dismantle the scourge of Kakistocracy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dr. Gbenga Adeoye likened the plight of the Nigerian naira to a stroke, warning that without addressing corruption, it remains dire Adeoye emphasized the urgent need to eradicate kakistocracy and proposed a 13-point plan to foster development in Nigeria and Africa In a recent statement titled &#8220;Kakistocracy: The Cause of Underdevelopment in Nigeria &amp; Africa,&#8221; [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":253615,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored 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