NEWS Exchange rate: Ayu slams Buhari over “weak Naira”

National chairman-elect of the Peoples Democratic Party, PDP, Dr Iyorchia Ayu has taken a swipe at the monetary policy of the President Muhammadu Buhari-led government which has seen the Naira depreciates in value in relation to other international currencies.

Ayu who played host to a delegation of the Conference of United Political Parties, CUPP, in his Maitama, Abuja residence, Monday,  further chided the All Progressives Congress, APC, for doing little in tackling the poverty in the land.

He said: “With the exchange rate today, Nigeria seems to have the worst currency in Africa. Even Somalia that is a failed state is doing better than Nigeria, even small countries like Ghana. Our currency is in a free fall and that is because we are an import-dependent economy.

“The quality of lives of Nigerians is going down. N10, 000 yesterday before All Progressives Congress, APC took over is now an N100, 000. You can even see the price of rice in the market today.

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