The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, has said that his principal’s economic reforms are restoring confidence in the naira both locally and internationally.
He recently had his say while reacting to a report that some Chinese traders have started accepting naira in place of the United States dollar for transactions with Nigerian customers.
Speaking via his X page, the new development proves that the currency is gaining recognition beyond Nigeria.
According to him, President Tinubu deserves praise for increasing the faith of foreigners in the naira and making the country’s currency wax stronger.
He stated that the US dollar is no longer reigning supreme with the recent resurgence of the naira.
“This is a salutary development for the Nigerian economy. The Tinubu reforms are making foreigners have faith in the naira.
The Almighty US dollar is not the ultimate king here. The naira is waxing stronger as an international means of exchange,” he said.
Bayo further noted that the progress being recorded shows that the administration’s economic policies are yielding good results.
He concluded by criticizing Tinubu’s detractors for saying nothing about the positive development, stressing that they’ll always keep mute when it doesn’t suit their agenda.
“I also buy some items on Chinese platforms. I can confirm that they accept naira cards. El-Rufai, veteran runner Atiku Abubakar, and Peter Obi will never celebrate this development.
They are waiting for disasters to vent their political frustration on President Tinubu,” he added.
Folami David is a dynamic journalist who views the world through an analytical lens, translating complex narratives across multiple industries into compelling stories. With an insatiable appetite for information and a keen eye for emerging trends, Folami specializes in uncovering the interconnections between technology, business, culture, and society.
