2023: Ex-Minister faults Tinubu’s claim on Naira to Dollar equivalent

July 15, 2022

2.1 min readCategories: News

A former Minister of Lands, Housing and Urban Development, Chief Nduese Essien has faulted the claim by the  Presidential candidate of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu that he would bring the naira at par with the dollar if voted in as the next president come 2023.

Chief Essien ,a two term member of the National Assembly, stated that such a campaign talk was only ‘meant for the marines’, as the APC Presidential candidate has no  magic wand to turn the Naira around to equate in value with the Dollar.


He said,”Tinubu made this kind of statement in 2015, when he was campaigning for Muhammadu Buhari, seven years along the line, he couldn’t show the president how to appreciate the Naira, why then should anybody with knowledge of how the global economy works, believe him.


“That’s how it started in 2014, leading to the opposition against President Goodluck Jonathan on how the Naira will be at par with the USA Dollar if Buhari is voted to power.”

According to him, Tinubu’s claim was  unrealistic, given the fact that he may likely follow the economic blueprint of President Muhammadu Buhari, if voted into the exalted office.

The chieftain of the People’s Democratic Party,  who also chaired the South-South caucus of the National Assembly from 1999 to 2003, blasted Buhari’s administration for what he described as  the abysmal depreciation of the Naira from 150 to 610 per a dollar.Continuing he said, “Why has Tinubu failed to assist President Buhari in arresting the steady fall of the Naira against other international currencies but waiting until he becomes President in 2023 before he miraculously intervened.

“International currencies are not manipulated the way  Bola Tinubu  surreptitiously took the Mobil Producing Nigeria Unlimited Headquarters to Lagos away from its area of operations to the detriment of the Oil Producing Areas and has continued to sustain its maintenance there despite all the protestations from the rest of the country and in keeping with international best practice.

“Tinubu can not be trusted because as the leader of the All Progressive Congress, the party has failed the country in all its campaign promises, he has nothing new to offer the nation.”

Chief Essien , however called on Nigerians of voting age to make use of the extension given by the national umpire , Independent National Electoral Commission ( INEC ) on registration to get their Permanent Voter Card ,PVC, so as to vote in their preferred candidates in the forthcoming polls.

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