Dare Babalola
The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, has hailed his principal saying that his economic reforms have positive impact on the Maira both locally and internationally.
In a statement on X on Tuesday, Onanuga, while reacting to a report that some Chinese traders have begun accepting naira in place of the United States dollar for transactions with Nigerian customers stated that the development shows that the currency is gaining recognition beyond Nigeria.
He also cited his own experience on Chinese e-commerce platforms.
“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.
“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.”
Onanuga maintained that the progress being recorded shows that the government’s economic policies are yielding results.
The naira strengthened by 0.36 per cent or (N5.48) on Monday to N1,526.09 per dollar from N1,531.57 per dollar at the previous trading session, indicating a strong start to the new week and month.
This is the strongest rate that the naira has traded in about six weeks on the Nigerian Foreign Exchange Market, according to data from the Central Bank of Nigeria website.
