2027: Peter Obi names Tinubu’s policy he’ll retain if elected
"There’s one: the floating of the naira. I’m not going to defend it. But I’m going to put productivity to work to make it more valuable to the people,” Mr Obi said when asked to identify one policy of the Tinubu administration he would retain The post 2027: Peter Obi names Tinubu’s policy he’ll retain if elected appeared first on Premium Times Nigeria .
Peter Obi, the presidential candidate of the Nigeria Democratic Congress, clarified his stance on retaining President Bola Ahmed Tinubu's decision to allow the floating of the naira against the US dollar. This stance was shared in an interview with Arise TV on Thursday. Obi defended the floating of the naira, a move initiated by Tinubu's administration in 2023, contrasting it with the approach taken by late President Muhammadu Buhari.
He expressed his intention to focus on enhancing productivity to make the naira more valuable for the people, rather than defending its value. Earlier, Obi had also supported Tinubu's removal of the fuel subsidy, a move that led to a significant increase in fuel prices, which ranged from N1,310 to N1,350 per litre, up from around N238 per litre in May 2023.
Tinubu's liberalisation of the foreign exchange market resulted in the naira depreciating to N1,329.21 per dollar from around N470.
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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