Tinubu’s Reforms Restoring Global Confidence In Naira – Onanuga
Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, has said that the administration’s economic reforms are restoring foreign confidence in the Naira and gradually positioning it as a viable international currency.
Onanuga, in a statement shared on his X (formerly Twitter) handle, described the trend as a positive development for the Nigerian economy, stressing that the reforms were reducing the country’s dependence on the US dollar.
“The Almighty US dollar is not the ultimate king here. The Naira is waxing stronger as an international means of exchange,” he wrote.
Backing his claim with personal experience, he disclosed that several Chinese e-commerce platforms now accept Naira cards directly, a development he attributed to renewed trust in the local currency under Tinubu’s leadership.
He, however, criticised opposition leaders, including former Kaduna State Governor Nasir El-Rufai, former Vice President Atiku Abubakar, and Labour Party’s Peter Obi, for failing to acknowledge the progress, accusing them of “waiting for disasters to vent their political frustration on President Tinubu.”
Onanuga maintained that the growing international acceptance of the Naira reflects the gradual impact of Tinubu’s reforms, which are designed to stabilise the currency, strengthen trade, and enhance Nigeria’s position in the global market.
Titilope Adako is a talented and intrepid journalist, dedicated to shedding light on the untold stories of Osun State and Nigeria. Through incisive reporting, she tackles a broad spectrum of topics, from politics and social justice to culture and entertainment, with a commitment to accuracy, empathy, and inspiring positive change.
