The presidential candidate of the All Progressives Congress (APC), Bola Ahmed Tinubu on Tuesday, criticized President Muhammad Buhari’s recent currency redesign policy and the country’s foreign exchange (FX) rate management system while speaking at his party’s campaign rally in Cross River State. The rally was held at the UJ Esuene Stadium in Calabar, Cross River’s capital. The former Lagos state governor criticized the recent currency redesign policy and the rapid depreciation of the naira.
He said when the present government took over in 2015, the naira/dollar exchange rate was about N200 to a dollar but it has depreciated to about N800/$ at the parallel market. According to his words; “Don’t let them lie to you about change of currency. They have never understood what inflation is about,” the APC presidential candidate said.
“They never understand what money laundering is all about. To change and torture Nigerians they moved the exchange rate from N200 to N800 per dollar. If they had repaired it, if they had arrested this, we won’t be where we are today. We will be greater. They don’t know the way, they don’t know how to think, they don’t know what to do.
“I say, follow me. Are you going to follow me? Are you going to vote for me?” Bola Ahmed Tinubu stated during a campaign in Calabar, Cross State capital.
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