Naira, Economy Strong- Buhari’s Aide

By Tosin Olatokunbo

Senior Special Assistant on Media and Publicity to President Muhammadu Buhari says the nation’s currency Naira is still strong, despite its free fall against the American dollar.

The Central Bank of Nigeria, CBN has devalued the naira at least three times, against the green back as the US dollar is widely known, fuelling more fears of further slide before the end of the year.

The currency was exchange for over N490 to the Dollar by the end of last week.

But speaking on a popular television program on Sunday, Shehu said both the naira and economy are doing well, considering that the nation is just recovering from the COVID 19 hit.

According   to him “if you ask me this question, I will tell you that whoever questions the capacity of the government to manage the economy probably also need to have themselves re-examined,” he said.

“Because look at all of the things that have happened with COVID over the last year or more.

According to him ” if you see that in the entire Africa continent, this is the only country that is recording positive growth in its economy?”

He said the Buhari administration is working seriously to set the country on the path of recovery, adding that some unpatriotic Nigerians are sabotaging government’s efforts.

Speaking on insecurity, the presidential aide said the administration has performed creditably well.
He said “ as far as Boko Haram terrorism is concerned, Nigeria is a safer place today than it was in 2015 when he took power.”

“New challenges have come up, farmers-herders clashes, and killings in certain sections of the country, much of those have been subdued.

“We have been confronted with sabotage of oil installations in the south-south that have been managed effectively up to this point,” Shehu said.