I was shocked to see Naira exchange N818 to dollar — Nasarawa Governor, Sule

Nasarawa State Governor, Abdullahi Sule, has lamented the Naira’s fall against the Dollar as the currency exchanges for about N818 per dollar.

Speaking during an interview on a Channels Television’s programme, Sule slammed the Central Bank of Nigeria (CBN) planned redesign of the naira, stating it might further worsen the situation.

Speaking, he said; “I am extremely worried.

“But again, it takes you back really to understand, ‘Does it worry me?’ Of course, it worries me very badly. Because is that making it a little easier on the part of the common man? No. The common man is actually going through the heat during this period.

“In fact, when I saw it yesterday, I was shocked to see the naira going all the way to N818 for a dollar.”

He added that the Central Bank of Nigeria’s (CBN) plan to redesign the naira must have spiked the rush for the dollar and the subsequent fall of the nation’s currency.