I Was Shocked To See Naira Fall To N818 For A Dollar - Nasarawa Governor

Category:  Nigeria News

Governor Abdullahi Sule of Nasarawa State says he is worried about the naira’s fall against the dollar.

Though concerned over the development, he hopes that the situation will be reversed soonest.

“I am extremely worried,” he said on Wednesday during an interview on Channels Television’s Politics Today, adding that the move to redesign the naira might have further worsened the situation.

“But again, it takes you back really to understand, ‘Does it worry me?’ Of course, it worries me very badly. Because is that making it a little easier on the part of the common man? No. The common man is actually going through the heat during this period.

“In fact, when I saw it yesterday, I was shocked to see the naira going all the way to N818 for a dollar.”

He, however, reiterated that the Central Bank of Nigeria’s (CBN) plan to redesign the naira must have spiked the rush for the dollar and the subsequent fall of the nation’s currency.