Top Stories
Atiku’s ideas will take Nigeria back to Emefiele era – Presidency
The Presidency has argued that a controlled floatation of the naira, would only return the country to the economic era of the embattled Ex-Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.
The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, made this assertion in a statement on Sunday.
Onanuga was responding to the presidential candidate of the Peoples Democratic Party at the 2023 polls, Atiku Abubakar, who argued that Tinubu’s economic policies, especially the unification of the exchange rate, were implemented hastily without adequate planning and proper consultations with stakeholders.
President Tinubu’s economic reforms of the past nine months have sparked collateral instability in the value of the naira, heaping hardship on Nigerians as food prices continue to soar.
Atiku criticised the government, saying, “The wrong policies of the Tinubu administration continue to cause untold pain and distress on the economy and the rest of us cannot keep quiet when the government has demonstrated sufficient poverty of ideas to redeem the situation.”
He argued that “Given Nigeria’s underlying economic conditions, adopting a floating exchange rate system would be an overkill. We would have encouraged the Central Bank of Nigeria to adopt a gradualist approach to FX management. A managed-floating system would have been a preferred option.”
- Top Stories23 hours ago
Breaking: FIRS Officially Launches Recruitment Portal, List Positions
- Politics23 hours ago
Peter Obi Makes U-turn, Sets Record Straight On Church Vigils Statement
- Top Stories23 hours ago
Those Importing PMS Cheaper Than Ours Are Selling Substandard Products – Dangote
- News23 hours ago
Ondo Decides2024: You’ve destroyed Akeredolu’s legacy – Ajayi tells Aiyedatiwa
- Top Stories22 hours ago
#USDecides2024: Bill Clinton has hopes and fears on what comes after 2024 …
- Entertainment12 hours ago
BBNaija’s Dorathy goes naughty on her birthday(Photos)
- Entertainment21 hours ago
Miami Beach officially revokes Diddy’s Key to the City
- Entertainment23 hours ago
AMAA 2024: Femi Adebayo’s ‘Jagun Jagun’ bags 3 awards