Economic Crisis: Why Tinubu’s policies will not work — Ned Nwoko
Politics tamfitronics Senator Ned Manrepresenting Delta North, has argued that Nigeria’s economic reforms will fail as long as multiple currencies are allowed in circulation, weakening the naira’s value. Speaking on Channels Television’s Politics TodayNwoko pointed out that the economy is in disarray, with the extensive use of foreign currencies undermining the naira. He stated that Nigeria is unique in permitting foreign currencies—like the dollar, pound, and euro—to circulate alongside the local currency, which, in turn, makes the naira nearly worthless in global demand. “Our economy as it is, is in tatters. It is in some kind of quagmire. It doesn’t matter how you look at it or policies you’re trying to introduce here and there, nothing will work,” the lawmaker said. Ned Man Drawing comparisons, Nwoko pointed out...