Naira crash: Peter Obi urges Nigerians to stop using dollars for local transactions

Naira crash: Peter Obi urges Nigerians to stop using dollars for local transactions

By Ubah Jeremiah Ifeanyi

Peter Obi, the presidential candidate of the Labour Party has urged the government and Nigerians to stop using foreign currencies like the US dollars for local transactions.

He disclosed this in a recently posted tweet, where he stated that Nigeria’s confidence in the national currency needed to be restored.

This comes on the heels of a massive depreciation in Nigeria’s local currency. The Naira has nosedived to a record low of N720/$ creating an astounding gap between the official rate and the black market rate.

https://twitter.com/PeterObi/status/1553035988645122053?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1553035988645122053%7Ctwgr%5Eaf99657bad9755d2d363e2fef924705143a1c29a%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnairametrics.com%2F2022%2F07%2F30%2Fnaira-crash-peter-obi-urges-nigerians-to-stop-using-dollars-for-local-transactions%2F

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