Under Buhari, naira now Africa’s worst currency 

Deputy President of the Senate, Sen. Ike Ekweremadu

The Deputy President of the Senate, Senator Ike Ekweremadu, on Monday, took a swipe at the All Progressives Congress administration led by President Muhammadu Buhari, saying the economy has suffered more crisis under the new government.

Ekweremadu said this at the Peoples Democratic Party’s national stakeholders’ meeting held at the Ekiti State Governor’s Lodge, Asokoro, Abuja, on Monday.

The Deputy Senate President, while decrying the worsening economic conditions of the country, alleged that “all APC promises had been kept in the reverse order.”

He was quoted by his Special Adviser on Media, Uche Anichukwu, as saying, “They told us that one US dollar would be one naira when they take over. Has that happened? Today, our currency is the worst currency in the whole of Africa. Is that the type of democracy we looked forward to? I can see a situation where the price of oil is going up and the value of naira is going down. What type of economics is that?”

Ekweremadu, however, enjoined PDP faithful to remain strong, as the party would “work with Nigerians to restore true democracy and hope to our people.”

He said, “I believe that with determination and sticking together, we will triumph and Nigeria will be better for it.”

The Deputy Senate President also condemned what he described as the manipulation of vital institutions of democracy and radical decline of democratic freedoms in Nigeria.

He also said the solidarity of all key organs of the PDP for the Senator Ahmed Makarfi-led National Caretaker Committee, despite the recent judgment of the Court of Appeal on the party’s leadership tussle, showed that “it is not the hood that makes the monk.” 

Copyright 2017 Ships & Ports Ltd. Permission to use quotations from this article is granted subject to appropriate credit given to www.shipsandports.com.ng as the source.