President Bola Tinubu has defended the performance of the naira under his administration.
Tinubu argued that the currency would have lost virtually all its value without his government’s foreign exchange reforms.
The president made the remarks on Friday at the All Progressives Congress presidential campaign rally in Akwa Ibom State.
He dismissed criticism over the naira’s depreciation against the US dollar.
He described the naira, currently trading at about N1,300 to a dollar, as still valuable, arguing that the situation could have been worse without the decision to unify the country’s multiple exchange rates.
