President Muhammadu Buhari’s Media and Publicity Aide, Mr. Garba Shehu has said that the Naira is doing quite well against the American Dollar.
The current exchange rate as announced by the Central Bank in the past week is N410.25/$, from N379/$.
During President Muhammadu Buhari’s campaigns before the 2015 elections, he told Nigerians that he would make the Naira on par with the Dollar. Then, the Naira exchanged for N197/$.
Responding to a question on the naira-dollar rate in 2015 and in 2021 on a Channels Television’s program, Shehu said, “I think the economists are more competent to talk about this but the naira is in the best possible health that it can be given the circumstance we are in.”
When asked to respond to criticisms that the Buhari government lacks the capacity to manage the economy, the presidential aide said, “If you ask me this question, I will tell you that whoever questions the capacity of the government to manage the economy probably also need to have themselves re-examined because look at all of the things that have happened with COVID over the last year or more.”
“Can you see that in the entire Africa continent, this is the only country that is recording positive growth in its economy? Everybody is going under but our people are working day and night to ensure we don’t go under, we don’t go down as other countries.”
“As far as I know, this government has the best team that anybody can have on the continent because the facts are there speaking for the administration,” he stressed.