Peter Obi laments free fall of naira, says dollar now underground currency of Nigeria’s economy

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“I can assure you that when you remove it, it can strengthen the currency. Today, even when you want to do party primaries, people share dollars. That is not our currency.

“There should be a stiff penalty in dealing with the issue. If people earn dollars legitimately, let them spend it the way they want. However, it has now become a means of corruption and criminality in our system.”

Peter Obi further stated that the country should work more on exports to strengthen the currency.

Meanwhile, the new governor of the Central Bank of Nigeria, Dr. Olayemi Michael Cardoso, has promised to improve the currency.



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