2027: Peter Obi names Tinubu’s policy he’ll retain if elected
Presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, says he will retain President Bola Tinubu’s floating exchange-rate policy if elected in 2027, but will focus on increasing production to strengthen the naira.
In a June 2025 interview, Mr Obi said there was “nothing wrong” with floating or devaluing the naira, but warned that doing so in an economy with low productivity could worsen economic pressures.
Mr Obi’s latest position on the naira float is consistent with his earlier argument that the problem was not necessarily the decision to allow the currency to find its market value, but the absence of sufficient production to support the economy.
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