NBA Conference: How to stabilize the Naira – Obi, Atiku, Shettima, Adebayo
Some candidates for the 2023 presidential election have spoken out on how to make the Nigerian economy viable.
Atiku Abubakar of the Peoples Democratic Party, Peter Obi of the Labor Party, Adewole Adebayo of the Social Democratic Party and Dumebi Kachikwu of the African Democratic Congress spoke at a plenary session on Monday.
Bola Tinubu, the All Progressives Congress candidate, was represented by his running mate, Kashim Shettima.
The Nigerian currency depreciated in the parallel market against the dollar.
Candidates offered their solutions to economic instability at the Nigerian Bar Association's Annual General Conference themed "Bold Transitions" being held at the Eko Hotel on Victoria Island.
The 62nd NBA conference officially opened on August 19 and will run through August 26.
READ ALSO:Those present at the opening ceremony included Nigerian writer, Chimamanda Adichie; the former senator, Dino Melaye; founder of AIT, Raymond Dokpesi; Governor of Edo State, Godwin Obaseki; and Plateau State Governor Simon Lalong.
PDSMr. Adebayo said one of the ways to make the Naira stable is to refrain from having "a dual system where a person who has a friend in the central bank can earn $30 million buying at the official rate and buying selling to hard working people" at an increased rate.
He added that "Importers and supermarket owners should not make more money than manufacturers and farmers".
Labour Party presidential candidate Peter Obi at the NBA Conference (PHOTO CREDIT: Oluwakemi Adelagun)On the other hand, Mr. Obi of the LP said the "only way" to stabilize the naira is for the Nigerian economy to "switch from consumption to production".
He said Nigeria must be able to manufacture and export to earn dollars to stabilize the Naira.
APCHowever, Mr. Shettima said that an "important tool for the growth of the economy" is "the diversification of the sources of our income".
“Ours is a great nation chained. Chained by incompetence, chained by corruption and chained by inability,” he said.
"That's why it's so important to grow the economy."
Some candidates for the 2023 presidential election have spoken out on how to make the Nigerian economy viable.
Atiku Abubakar of the Peoples Democratic Party, Peter Obi of the Labor Party, Adewole Adebayo of the Social Democratic Party and Dumebi Kachikwu of the African Democratic Congress spoke at a plenary session on Monday.
Bola Tinubu, the All Progressives Congress candidate, was represented by his running mate, Kashim Shettima.
The Nigerian currency depreciated in the parallel market against the dollar.
Candidates offered their solutions to economic instability at the Nigerian Bar Association's Annual General Conference themed "Bold Transitions" being held at the Eko Hotel on Victoria Island.
The 62nd NBA conference officially opened on August 19 and will run through August 26.
READ ALSO:Those present at the opening ceremony included Nigerian writer, Chimamanda Adichie; the former senator, Dino Melaye; founder of AIT, Raymond Dokpesi; Governor of Edo State, Godwin Obaseki; and Plateau State Governor Simon Lalong.
PDSMr. Adebayo said one of the ways to make the Naira stable is to refrain from having "a dual system where a person who has a friend in the central bank can earn $30 million buying at the official rate and buying selling to hard working people" at an increased rate.
He added that "Importers and supermarket owners should not make more money than manufacturers and farmers".
Labour Party presidential candidate Peter Obi at the NBA Conference (PHOTO CREDIT: Oluwakemi Adelagun)On the other hand, Mr. Obi of the LP said the "only way" to stabilize the naira is for the Nigerian economy to "switch from consumption to production".
He said Nigeria must be able to manufacture and export to earn dollars to stabilize the Naira.
APCHowever, Mr. Shettima said that an "important tool for the growth of the economy" is "the diversification of the sources of our income".
“Ours is a great nation chained. Chained by incompetence, chained by corruption and chained by inability,” he said.
"That's why it's so important to grow the economy."
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