The Chairman Aryfad Travels and Tours Limited Ibadan, the Oyo State Capital, Dr Raymond Adewale has advised president Bola Tinubu to put up measures capable of addressing the surge in Dollar rate in order to save the nation’s economy.
He noted that the development is fast affecting businesses and economy of the nation.
Dr Raymond, an expert in the Travels and Tours business gave the advice in Ibadan following the incessant rise of Dollar over naira, warning that if nothing was done to address the situation, the economy of the nation would suffer.
“I want to appeal to president Bola Tinubu to take drastic and necessary action in addressing the surge in Dollar rise.
“The development has really affected businesses and economy of the country. Recall that since December 2023 Dollar rise has been on the high side, from N1,220 to between N1,455 and N1500 in the month February, a development which has affected the economy adversely.
“With the development, the nation has been grappling with economic challenges. The persistent surge in the value of the US Dollar has sent shockwaves through the populace, as citizens wrestle with the repercussions of this financial upheaval, concerns has begun to mount, and a chorus of discontent echoed across the nation.
Dr Raymond who noted that the issue has caused artificial inflation, warmed that the economy may suffer severe setback if nothing was done to address the situation.
“The surge has caused artificial inflation, and businesses grossly affected. It is high time the president took drastic steps to rescue naira in order to save the nation’s economy.”
