Nigeria’s Naira now Africa’s worst currency – Sen. Ekweremadu

Deputy Senate President, Ike Ekweremadu,has berated the economic policies of the All Progressives Congress led Federal Government for turning to what he called the ‘worst currency’ in Africa.
Senator Ekweremadu was speaking in Abuja at a PDP stakeholders meeting hosted by Ekiti State Governor and chairman of the PDP governor’s forum, Ayodele Fayose to discuss the way forward for the party after the Appeal Court judgment that conferred legitimacy on the Ali Modu Sheriff faction of the party.
He said with the worsening economic situation in the country, it was obvious that members of the party cannot afford to despair because Nigerians are looking up to the party for a solution. “They told us that one U.S dollar would be one naira when they take over. Has that happened? Today, our currency is the worst currency in the whole of Africa. Is that the type of democracy we looked forward to? I can see a situation where the price of oil is going up, and the value of naira is going down. What type of economics is that?
Ekweremadu expressed worry at the manipulation of state institutions, including the police to thwart democracy in the country. According to him, the solidarity of all key organs and bodies of the party towards the Senator Makarfi leadership despite the court judgment is a clear demonstration that “it is not the hood that makes the monk.” “We are aware that all the institutions of democracy are being manipulated and harassed in this country.
The National Assembly and the press are not left out. The INEC has been captured and now a part of the All Progressives Congress, APC. Our judiciary is being insulted and assaulted every day. Their houses are being attacked very late at night, and the judges are being harassed. “So, we are not surprised at what we see today (sealing of meeting venue). But what remains is for us to remain resolute.”
Speaking of the Port Harcourt judgment, Senator Ekweremadu said those who purport to benefit from the judgment are not with any organ of the party.

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