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Rev. Dr. Jerry Nwachukwu
By Alphonsus Nweze, Onitsha
President Bola Tinubu has been told that cushioning naira against dollar is not antidote to Nigeria’s deep-rooted economic quagmire.
The General Overseer of Bible Base and Miracle Assembly, Rev. Dr. Jerry Nwachukwu, Onitsha, Anambra State, who called out on the President in a programme at Asaba branch of the church, said it negates all economic indices for naira which sold N1,300 per a dollar Thursday last week to immediately appreciate by N300 Friday and sold N1,000 per a dollar.
He said there was no economic magic that would have achieved that if not only that naira was padded against dollar but said this measure would not help our already bartered economy, rather worsen it.
He said those of them in Government and businessmen close to Government would soon mop up the available dollar and in the next few days it would skyrocket to high heavens.
The man of God lamented that the same people in Government and their business associates would still sell dollars to Nigerians who genuinely need it and carte away their huge profit at the expense of Nigerians.
He challenged President Tinubu to initiate genuine and sincere economic policies and programmes that would address the country’s ailing economy to arrest untold hardship being suffered by Nigerians.
Dr. Nwachukwu asked President Tinubu to come out with the real debt profile of the country instead of the current hide and seek disposition of Federal Government.
He also called on the President to tell Nigerians the actual landing cost of Premium Motor Spirit (PMS), saying that Nigerian National Petroleum Company Limited (NNPC) and marketers are daily surreptitiously adding money to the pump price of fuel.
This, he said, has continued to increase the price of goods and commodities as well as transport fares which in effect multiplied the sufferings of Nigerians.
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