Naira Per Dollar: Former Minister faults Tinubu’s claim
A former Minister of Lands, Housing, and Urban Development and a two-term member of the House of Representatives, Chief Nduese Essien, has faulted APC Presidential Candidate Bola Ahmed Tinubu that his administration will make the Naira at par with the USA Dollar.
Chief Essien said that such a campaign talk is only meant for the marines, insisting that the APC Presidential Candidate has no such magic wand to turn the Naira around to equate in value with the Dollar.
“Tinubu made this kind of statement in 2015 when he was campaigning for Muhammadu Buhari, seven years along the line, he couldn’t show the president how to appreciate the Naira, why then should anybody with knowledge of how the global economy works, believe him”, Essien queried.
“That’s how it started in 2014, leading to the opposition against President Goodluck Jonathan on how the Naira will be at par with the USA Dollar if Buhari is voted to power”, Chief Essien said, adding that Tinubu’s claim is unrealistic, given the fact that he may likely follow the economic path of Buhari if voted into power.
Chief Essien who chaired the South-South caucus of the National Assembly from 1999 to 2003 castigated the administration of President Muhammadu Buhari, in which Tinubu is a co-traveler, for the abysmal depreciation of the Naira from where they get at 150 to the present-day value of 610 to a dollar.
“”Why has Tinubu failed to assist President Buhari in arresting the steady fall of the Naira against other international currencies but waiting until he becomes President in 2023 before he miraculously intervened, Essien queried.
“”International currencies are not manipulated the way Bola Tinubu surreptitiously took the Mobil Producing Nigeria Unlimited Headquarters to Lagos away from its area of operations to the detriment of the Oil Producing Areas and has continued to sustain its maintenance there despite all the protestations from the rest of the country and in keeping with international best practice”, Essien said.
“”Tinubu can not be trusted because as the leader of the All Progressive Congress, the party has failed the country in all its campaign promises, he has nothing new to offer the nation”, he maintained.
Chief Essien called on Nigerians of voting age to use the extension given by INEC on registration for PVC, to be part of the leadership recruitment process.
