A former Senior Special Assistant (SSA) on National Assembly Matters (Senate) to former President Muhammadu Buhari, Senator Babajide Omoworare, has commended President Bola Tinubu and his economic team on the resurgence of the naira and its recent global attainment as the most improved currency.
Omoworare, in a statement on Thursday, expressed hope that the government would sustain the present economic, fiscal and monetary policies, including “the patent rebuttal of arbitrage in the currency market.”
He, however, noted that the improvement in the exchange rate had not impacted food inflation and fuel pump price despite the appreciation of the naira.
He stated that, “The Nigerian reality has put the much avowed logical law of gravity that ‘what goes up must come down’ on its head. This is a challenge and the responsibility of all Nigerians from the traditional authorities to local, state and federal governments to ensure a reduction in the cost of food commodities.
“NNPCL is already positioned as a global player; it should delve more into the downstream sector and open more retail outlets where possible in collaboration with the private sector so as to compete and occupy the free enterprise space.”
He also commended the President of the Dangote Group, Alhaji Aliko Dangote, for reducing the price of diesel, as well as Governors Muhammed Bago and Chukwuma Soludo of Niger and Anambra states respectively, for intensifying efforts towards mechanised farming.
Omoworare also hailed Lagos State Governor, Babajide Sanwo-Olu, for collaborating with other state governments to provide food to Lagos residents and for introducing weekly “farmers’ markets” in the state to tackle food inflation.
He urged other sub-nationals “to emulate these governors as agriculture and food security are not exclusive items in the constitution.”
