1. Nigeria does not print dollar bills
2. Nigeria earns forex through exports, FPI /FDI & remittances
3. With Covid 19 FPI will drop significantly
4. Oil which is our major revenue earner is now trading at a lower rate
6. The CBN also needs to supply foreign currency to keep the market steady and prevent inflation
8. The govt will be forced to devalue the currency if the CBN can no longer defend the Naira
9. There is no magic that can be done, it's simple economics..
11. If we cannot increase forex earnings through these means and demands for dollars keep soaring, no aggressive import substitution, reserves getting depleted, the Naira will be devalued again.