N1300 or N1500 To Dollar Does Not Matter, Stability Does – HRM Lucky Ararile

Post created on 2:40 pm

A first-class Royal Father in Delta State and retired Air Vice Marshal, His Royal Majesty, Lucky Ararile, Ovie of Umiaghwa Abraka in Delta State, has expressed support for the various economic policies which President Bola Ahmed Tinubu is putting in place to lift the country from the doldrum, especially the attempts to stabilize the naira and increase production.

HRM Ararile who made his position known while fielding questions from newsmen in his palace at Abraka on Saturday, October 28, 2023, stated that it is important to allow the naira to stabilize at a realistic rate so that government and potential investors can plan with it.

The retired professional Air Force pilot, stated that whether or not the naira is stabilized at N1,300 or N1,500 to the dollar, does not necessarily matter, for as long as it will maintain that stability to allow for planning and investment assurance.

The Royal Father noted that numerous advantages will accrue to Nigerians from the current devaluation of the naira, saying that the case for foreign goods by Nigerians will be put under check.

[FD]