Makinde campaign slams Tinubu for claiming naira recovery credit after 77% depreciation
The Makinde-Daura Presidential Campaign Organisation accuses President Tinubu of seeking applause for naira recovery after his administration's policies drove the currency from ₦461/$ in May 2023 to nearly ₦2,000/$. Campaign spokesperson Richard Nnanna Ihediwa says the recent improvement to ₦1,340/$ doesn't reflect reality for Nigerians struggling with food and medication costs.
Ihediwa argues the petrol subsidy removal and FX window unification triggered the 77% depreciation. The campaign maintains a stronger naira means little when purchasing power remains eroded. "You cannot preside over the destruction of the purchasing power of our national currency and turn around to seek public applause," Ihediwa stated.
With 2027 elections approaching, this frames the economic narrative: is the naira's partial recovery genuine progress or political spin? The campaign says ordinary Nigerians are the true measure.