The presidency has disclosed that President Ahmed Bola Tinubu’s administration is working on policies that will strengthen the Naira.
A Special Adviser to the President on Economic Matters, Dr Tope Fasua, disclosed this at the “Cowries to Cash” lecture and lunch in Abuja on Tuesday.
Dailytrust gathered that there has been a steady rise in the value of the Naira in the past few days and Fasua said the trend is expected to continue as a result of policies being implemented by the government.
While positing that the fall in the value of the currency of a country is a sign of conquest, he said to destroy a country the currency of the nation will be first destroyed.
He cautioned Nigerians who are hoarding foreign currencies with the hope that the local currency would continue to fall, warning that the policies of the government would shock them.
“For those who are speculating and praying and wishing that the currency would become nonsense, I believe that the policies are being rolled out by the central bank and the government that I serve, led by the President, will shock some of them.”
“You need to listen to the agenda, the man himself (Tinubu) and you will see that the level at which he is thinking is far ahead of most of us.
“You know, he has some very great ideas coming up. Some of them are what you’ve seen reversing the fall in the value of the naira, but he has also challenged us to review forward many of the targets, for example, the idea that Nigeria’s economy will get to a trillion dollars. He wants to achieve it by 2026.”