You can not destroy the naira’s worth and declare credit score for restoration: Seyi Makinde tells Tinubu

News

By Linda Ikeji
9 November 2026, 8:05 am

The Makinde-Daura Presidential Campaign Organisation has criticized President Bola Tinubu, accusing the administration of trying to say credit score for the naira’s latest stabilization following financial insurance policies that originally triggered a drastic depreciation of the forex.

In a public assertion issued by Richard Nnanna Ihediwa, the marketing campaign’s Director of Strategic Communications, the group argued that marginal enhancements within the alternate charge provide little aid to residents who proceed to grapple with hovering inflation and the excessive value of dwelling.

“Mr President, you cannot preside over the destruction of the purchasing power of our national currency and turn around to seek public applause,” Ihediwa acknowledged.

The marketing campaign identified that when President Tinubu assumed workplace in May 2023, the official alternate charge hovered round ₦461 to the greenback. Subsequent coverage selections, particularly the elimination of the petrol subsidy and the unification of international alternate home windows, noticed the forex plunge towards almost ₦2,000 per greenback.

The group additional criticized the President’s characterization of the alternate charge stabilizing round ₦1,340 to the greenback as manageable or “pocketable,” contending that such figures disconnect from the every day monetary hardships skilled by odd Nigerians struggling to afford fundamental requirements equivalent to meals and medicine.