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 need to be restore.
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.
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.
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.