Nigeria, March 23 -- The Paramount Ruler of Iwoland, Abdulrosheed Akanbi, has lamented the high rate of the Naira to dollar, blamed the situation on Nigerians hoarding the foreign currency.

He challenged Nigerians to demonstrate patriotism by selling dollar in their possession and convert it to naira. He argued that availability of dollar in the market will reduce the exchange rate and ultimately checkmate inflation that is currently hitting Nigerians hard.

He described dollar hoarders as parts of those frustrating the economy, asking them to be wary of posterity. He noted that most rich Nigerians are culpable, appealing to them to save Nigeria by disposing dollars in their possession.

A statement released by the Oluwo through his pres...