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“We will continue to see the decline in our currency because we are not selling anything and getting hard currencies in return” — Daddy Freeze

Jenny Soul by Jenny Soul
March 6, 2024
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“We will continue to see the decline in our currency because we are not selling anything and getting hard currencies in return” — Daddy Freeze
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Controversial media personality, Ifedayo Olarinde popularly known as Daddy Freeze, has spoken up about the increasing famine in the country.

He claimed that the Naira would continue to depreciate as long as the country is not exporting enough commodities to gain hard currencies in return.

In a video shared by Daddy Freeze on his social media page, he said:

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“We will continue to see the decline in our currency because we are not selling anything and getting hard currencies in return. That needs to be fixed by two sets of people: the government and the citizenry.

“Citizens, if you’re working in Lagos and you’re earning N50,000 monthly, I think it is high time you went back to your village, got some land and started farming. There’s a looming possibility of a famine in this country. There’s not enough food to go around.

“From my understanding of the situation, here is my advice: My Igbo brothers and sisters building mansions to compete with each other in the village…I’m not saying it’s wrong, but instead of building mansions, build more factories.

“You need to build more factories and the government needs to support you. The government needs to do whatever it takes so that your businesses can succeed.

“And by business, I mean businesses with export targets. Whatever you are producing should be exported. We import milk from France and Denmark. We cannot rely only on oil. The government needs to support local manufacturers.”

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Jenny Soul

Jenny Soul

Jenny Soul is a passionate relationships expert, dating counselor and sales coach. She is also a songwriter, performer and mum. When she is not writing, she engages in counselling sessions and motivational speeches to young people.

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