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Chinese traders’ acceptance of naira proves reforms are working —Onanuga - THE GUARDIAN
The Special Adviser on Information and Strategy to President Bola Ahmed Tinubu, Bayo Onanuga, has hailed the acceptance of the naira as an international means of exchange.
Onanuga’s remarks come in response to a report by Nairametrics, which highlighted that Chinese traders are increasingly accepting the naira instead of the U.S. dollar. This move has reportedly been cited by forex traders as a factor contributing to recent stability in the exchange rate, a development that Onanuga described as “salutary” for the Nigerian economy.
“The Tinubu reforms are making foreigners have faith in the naira. The Almighty U.S. dollar is not the ultimate king here. The naira is waxing stronger as an international means of exchange. I also buy some items on Chinese platforms. I can confirm that they accept naira cards,” Onanuga wrote.
The special adviser also took a jab at Nasir El-Rufai, Atiku Abubakar, and Peter Obi, who have been vocal about their criticisms of the president over the years, saying that they will never celebrate the development.
He said, “El-Rufai, veteran runner Atiku Abubakar, and Peter Obi will never celebrate this development. They are waiting for disasters to vent their political frustration on President Tinubu.”
