Earning in dollars and spending in naira is the typical average Nigerian dream.
With the constant devaluation of the naira, high inflation rate and economic instability, earning in a stable currency like the dollar is a better way to hedge against inflation and economic downturn.
Early November 2022, the Nigerian naira and the US dollar exchange rate traded at an average of ₦855/$1. For context, if you were exchanging $1,000 that will convert to ₦855,000 in naira.
Without a doubt, earning in a foreign currency like the dollar is more stable, has a higher value and appreciates…