Those hoarding Naira will get a shock – Presidency

The Presidency has assured that President Bola Tinubu’s administration would continue in working on policies that will strengthen the Naira.

This was disclosed by Tinubu’s Special Adviser on Economic Matters, Dr Tope Fasua at the “Cowries to Cash” lecture and lunch on Tuesday in Abuja.JAMB Portal

RIPPLES NIGERIA report that Fasua, who represented Vice President Kashim Shettima at the event, expressed optimism that the trend was bound to get better due to the economic policies that had been implemented by the government.

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While noting that the fall in the value of the currency of a country was a sign of conquest, he stated: “When you want to destroy a country, destroy its currency first.”JAMB Result

He further stated, “For those who are speculating and praying and wishing that the currency would become nonsense, I believe that policies being rolled out by the Central Bank and the government that I serve, led by the President, will shock some of them.

“You need to listen to the agenda from the man himself (Tinubu) and you will see that the level at which he is thinking is far ahead of most of us.InformationGuideNigeria

“You know, he has some very great ideas coming up. Some of them are what you’ve seen reversing the fall in the value of the naira, but he has also challenged us to review forward many of the targets, for example, the idea that Nigeria’s economy will get to a trillion dollars.

“Some people thought the naira will continue to lose value. Of course, we can already see what’s going on and who knows, maybe the naira will strengthen even further to maybe something 500 or 600. I’m beginning to see some of those.NYSC Portal

“If you want to position your exports properly, you have to be strategic, even in terms of the value of your currency. So you’re going to see all of these, including efforts from the fiscal side.

“We have patriots running the economy right now. And naysayers have to be very, very afraid,” Fasua said.

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