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- Dr. Tope Fasua, Special Adviser connected Economic Affairs to President Bola Tinubu, has gotten galore talking successful the polity arsenic helium spoke astir the spot of 'a dollar' successful Nigeria
- During a chat with Seun Okinbaloye, big of the Mic On Podcast, Tinubu's adjutant defended the purchasing powerfulness of the naira contempt its speech complaint exceeding N1,500 to $1
- Fasua explained that successful the Nigerian context, adjacent tiny amounts of overseas currency construe to important value, stating that meals tin inactive beryllium purchased for arsenic debased arsenic N1,500
Legit.ng journalist Esther Odili has implicit 2 years of acquisition covering governmental parties and movements
Dr Tope Fasua, the Special Adviser connected Economic Affairs to President Bola Ahmed Tinubu, has defended the worth of the naira locally contempt its weakness against the dollar.
He noted that $1, equivalent to implicit N1,500, tin inactive bargain a repast successful Nigeria.
Source: Facebook
Fasua, spoke erstwhile helium appeared arsenic a impermanent connected the Mic On Podcast hosted by Seun Okinbaloye connected Saturday, April 5.
The statesmanlike adjutant besides clarified misconceptions astir “multi-dimensional poverty,” explaining that it includes entree to services similar acquisition and healthcare, not conscionable income oregon nutrient scarcity.
Speaking further, helium argued that portion the naira whitethorn look anemic erstwhile compared to the dollar, its purchasing powerfulness remains beardown successful section contexts.
“$1 is N1,500 – it’s a batch of wealth for galore radical successful Nigeria. $10 won’t bargain you luncheon anyplace successful the US, sometimes you request astatine slightest $20, that is N30,000 successful Nigeria,” Fasua stated.As reported by The Punch connected Monday, April 7, Fasua, offering examples from mundane life, added:
“I volition archer you what you tin bash with $5 – that is N7,500 – if you are not going to devour successful immoderate highbrow places. In Gwarinpa, determination are immoderate radical that merchantability Boli and food and you volition devour for N1,500. If you cognize wherever you are coming from.”Nigerians respond arsenic Tinubu's adjutant speaks connected buying a repast with 1 dollar
Source: Twitter
Legit.ng compiled a fewer reactions from the remark conception connected YouTube below;
@sindialbert7628 said:
"Who told you 10$ can’t bargain luncheon ?Na Wao for our erstwhile contestant.Make we dey talk information to powerfulness o."@magnusizedomwen8973 stated:
"Tope Fasua was the astir professional of Jonathan Goodluck."@thegeniuschannel3468 wrote:
"Opposition evidently isn't the dependable of the radical but we request opposition."Tinubu indispensable not termination opposition."@DanielIdoko-xp7zk said:
"Dr Fasua speech astir More wealth going to the authorities governments but it's not reflecting successful the modular of beingness of the people."Watch Fasua's full interrogation below;
Read much astir the Naira here:
Naira experiences biggest autumn successful 2025
Legit.ng earlier reported that the Nigerian naira hit its lowest in 30 days connected Thursday, April 3, 2025, successful the authoritative Nigerian Foreign Exchange Market (NFEM).
CBN information shows that the naira depreciated to N1,569 per dollar from N1,534 the erstwhile day.
The depreciation is the lowest the section currency has gone successful implicit 30 days arsenic analysts fearfulness it mightiness autumn disconnected the N1,500 ceiling against the dollar.
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Source: Legit.ng
