The former Governor of Anambra , Peter Obi has said he would have devalued the country’s currency to N600 if he had become the president of Nigeria.
He stated this on Monday morning while appearing on Arise TV.
Obi frowned at what he described as the dollars being the “underground currency of exchange” in the country pointing out that he would have initiated serious punishment for people who spend dollars freely instead of the country’s currency, the naira.
“Nobody floats what you don’t have supply of,” he criticised the Tinubu administration’s purported floating of the naira.
He pointed out that the new management team must think through every policy including looking at the “exchange rate, inflation” and other key policies in the area.