News
Plan To Redesign Naira Must Have Spiked Rush For Dollar-Abdullahi Sule
Nasarawa State Governor, Abdullahi Sule, has expressed worries over the fall of the Naira against the Dollar.
Speaking during an interview on a Channels Television’s programme, Sule said that the planned redesign of the Naira might further worsen the situation.
Sule said;
“I am extremely worried.
“But again, it takes you back really to understand, ‘Does it worry me?’ Of course, it worries me very badly. Because is that making it a little easier on the part of the common man? No. The common man is actually going through the heat during this period.
“In fact, when I saw it yesterday, I was shocked to see the Naira going all the way to N818 for a dollar.”
The governor added that the Central Bank of Nigeria’s (CBN) plan to redesign the Naira must have spiked the rush for the Dollar and the subsequent fall of the nation’s currency.
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