Olawepo-Hashim pledges Naira revival to ₦525/$
Summarized and contextualized by DistantNews.
At a glance
- Accord Party chieftain Gbenga Olawepo-Hashim pledged to stabilize the Nigerian naira to ₦500-₦525 against the US dollar if elected president in 2027.
- He blamed the current administration for the worsening economic hardship and the naira's depreciation.
- Olawepo-Hashim's promise comes as the naira faces significant devaluation, impacting the cost of living in Nigeria.
Nigerian presidential hopeful Gbenga Olawepo-Hashim has pledged to significantly strengthen the nation's currency, promising to restore the naira to between ₦500 and ₦525 against the US dollar should he be elected president in 2027. This ambitious economic target was announced on Thursday in Abuja.
Olawepo-Hashim, a chieftain of the Accord Party and former presidential candidate, directly attributed Nigeria's current economic struggles and the naira's sharp depreciation to the policies of the incumbent administration. He argued that the current government's economic management has exacerbated hardship for ordinary Nigerians.
The pledge comes at a time when the Nigerian naira has experienced substantial devaluation, leading to increased inflation and a higher cost of living. Olawepo-Hashim's commitment aims to address these pressing economic concerns and offer a vision for a more stable financial future for the country.
Originally published by Vanguard. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.