The Presidency has declared that the United States dollar is no longer superior to the Nigerian naira, citing recent developments in international trade.
Presidential spokesman Bayo Onanuga made this known in a statement on X, where he hailed reports that some Chinese traders have begun accepting Naira cards for transactions. He described the move as a “salutary development” and evidence that the naira is regaining strength globally.
Onanuga added that opposition figures such as Atiku Abubakar, Peter Obi, and Nasir El-Rufai would not celebrate the progress, accusing them of waiting for Nigeria’s economic woes to score political points against President Tinubu’s administration.
The statement has sparked fresh debate over Nigeria’s economic direction, with supporters of the government praising the outlook, while critics insist that the naira’s domestic value still faces major challenges.
Tags:
News