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President Buhari Never Promised To Make One Naira Equal To One Dollar – Femi Adesina (Video)

President Buhari Never Promised To Make One Naira Equal To One Dollar – Femi Adesina (Video)

Presidency has said there was never a time President Muhammadu Buhari promised to make one naira equivalent to one dollar.

Mr. Femi Adesina, Special Adviser to the President on Media and Publicity, said the claims suggesting that President Muhammadu Buhari made such a promise, are false and fake.

He denied the claim during an appearance on Channels TV on Sunday night, March 28, when the presenter had asked him what the president is doing to keep his promise to make dollar equal to Naira.

Adesina replied;

What you just said does not exist, it is fake, it is false, it is apocryphal, it doesn’t exit. The Minister of Information, Lai Mohammed, has debunked that before. It doesn’t exist. It was never said.

If it was said, there should be clips, there should be publications. It was never said. I challenge you to make the clip available where that promise was made.

Many Nigerians insist Buhari and the ruling All Progressives Congress (APC) made the promise during the 2015 election campaign.

MDB recall that in March 23, 2015, Buhari, who was All Progressives Congress (APC) presidential candidate, said he would ensure that dollar to Naira exchange rate is reduced, if voted into office.

Buhari stated this during the South-East presidential rally of the party at Dan Anyima Stadium, Owerri in Imo state.

He said;

It is sad that the value of the naira has dropped to more than N230 to one dollar; this does not speak well for the nation’s economy.

Buhari then urged the people to vote for APC, noting that he would ensure that corruption was tackled headlong if elected as well as insecurity.

However, in his five years in office, Nigerians have instead seen an increase in the dollar to Naira exchange rate. A dollar is currently being exchanged at N480 at the black market despite the official rate of below-N400.

The exchange rate of Nigerian currency is the major reason behind the calls for naira devaluation.

Last week, Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), attributed the rising inflationary trend to insecurity.

Emefiele also attributed the hike in petrol pump price, electricity tariff, and Naira depreciation to inflation.

Watch a clip from the interview below;

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