N1,300/$1: "Naira Would Have Become Worthless Without My Policy." - Tinubu

<blockquote>President Bola Tinubu on Friday dismissed criticisms that the Nigerian currency had lost much of its value under his watch, boasting that the naira, at N1,300 to a dollar, was “valuable” and that Nigerians would have been buying tomatoes with wheelbarrow loads of cash if not for his policies.<br><br> Mr Tinubu, at the All Progressives Congress presidential campaign rally in Akwa Ibom, said the naira could have become completely valueless if not for his policy of unifying exchange rates.<br><br><b>“If we didn’t take a decision on the day I took over, we would be using wheelbarrow to move our naira because it would have been valueless</b>,” Mr Tinubu said.<br><br>Dismissing criticisms that the naira had lost much of its value under his watch, Mr Tinubu said, “You’re talking of N1,300 to a dollar. Huh, huh, it still has pocketable value. If we had left it, it would have been a wheelbarrow when you go to the tomato market.”<br><br>Mr Tinubu announced the unification of exchange rates a few days into his administration in 2023, causing the naira to depreciate from N750 to a dollar to about N1,900 before recovering to its present value of N1,300 to a dollar.</blockquote><a rel=ugc href="https://gazettengr.com/n1300-1-naira-would-have-become-worthless-without-my-policy-tinubu-says/?fbclid=IwVERDUAVcr39leHRuA2FlbQIxMABwZG9mBXNydGMGYXBwX2lkDDM1MDY4NTUzMTcyOAABH2P1uoCMLaRbyc_G2wYOmKiHX5Fq5NCyBYOFbruGGHDrJXNB9J_7j4mRpljk_aem_N46xL_yIiK4DRzPAhhJBlA">https://gazettengr.com/n1300-1-naira-would-have-become-worthless-without-my-policy-tinubu-says/?fbclid=IwVERDUAVcr39leHRuA2FlbQIxMABwZG9mBXNydGMGYXBwX2lkDDM1MDY4NTUzMTcyOAABH2P1uoCMLaRbyc_G2wYOmKiHX5Fq5NCyBYOFbruGGHDrJXNB9J_7j4mRpljk_aem_N46xL_yIiK4DRzPAhhJBlA</a>