A NEW CURRENCY

The Mbonu administration will work to create a new digital/printed currency based on productivity. The value of the currency will be determined by the productivity of Nigerians in a transparent manner. This currency will compete against the Naira in an open and free market. The currency will be based on loans and the promise to be productive to pay off those loans by Nigerians. The Waddi will bypass the corruption of the Nigerian Central Bank and be used as a check and balance to keep inflation from corruption low. The Waddi will create a stream of currency for the government based on the interest being spent into the economy. This will help to boost the productivity of the Nigerian people and reduce the amount of taxes that Nigeria would need to collect from its citizens. Additionally, the Mbonu administration will fight vociferously to allow Nigerian states to issue a common currency based on precious metals.