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Wednesday, November 2, 2022

How Does Changing Of Currency Reduce The Price Of Food In The Market-Obaseki Says

 The Governor of Edo State, Godwin Obaseki has disclosed that redesigning of Naira notes does not have effect on reduction of food price in the market 
Godwin Obaseki made this disclosure on November 2, 2022, during inauguration of the Edo State Peoples Democratic Party (PDP) Women Campaign Council at the Presidential Campaign Secretariat Benin, Edo State

Godwin Obaseki stated that changing the Naira is not the priority now 

“They say we should all bring our naira and give it to them because they want to change it for us. Is that our priority now? How does changing of currency reduce the price of food in the market? They say they want to change our currency and dollars are going higher every day. We can’t even see dollars again

“I am an economist and I can tell you categorically that this policy by the CBN and Federal Government has no basis in economics. There is no reason to do this; this is purely political

“The urgency for us is how to get food for our citizens to remove starvation and hunger from the land. The urgency is on how to maintain discipline in our monetary policy so that we can manage our foreign exchange rate because we are import-dependent

“We can’t allow those managing our country (APC) to continue because if we allow the APC government to continue, the country will fail as the country is already failing

“God sees how people are suffering in this country and will not allow them to manage Nigeria again.


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