Activist Deji Adeyanju [/b]has expressed concerns about the economic future, predicting a surge in the Dollar's value to N5,000 under the potential administration of President Bola Tinubu. Adeyanju criticized the Federal Government and the Central Bank of Nigeria [/b]for what he perceives as their lack of understanding regarding exchange rates.
Taking to Twitter on the night of February 27, Deji expressed his frustration with the economic challenges facing the nation. He stated, “Dollar will sell for N5,000 under Tinubu. You will remember I said this. They are completely clueless. If you know what they are doing in CBN, you will weep for this nation. The window dressing of Cardi B will soon be over.”
In a subsequent tweet, he called for a halt to politicians' salaries, emphasizing the need for a sacrificial approach. “Stop paying all Nigerian politicians now. Let everything be sacrificial. It’s the only way out,” he tweeted.
Gistreel reports that the naira experienced a decline to as low as 1,851 to the dollar on the official market last week, rebounding to close around 1,571 to the dollar, according to FMDQ data. Despite central bank interventions with dollar sales, Africa’s largest economy grapples with severe foreign-currency shortages, leading to repeated all-time lows for the naira on both official and parallel markets.