Dollar To Naira Rate: Father Mbaka Tells Buhari What To Do To Save The Naira

Outspoken Catholic cleric and Spiritual Director of the Adoration Ministry, Revd Father Ejike Mbaka has lamented the continued free fall of the Naira against the Dollar.

The cleric in a post on his church’s official Facebook account on Wednesday called on President Muhammadu Buhari to disband his current economic team and constitute a new one to solve the challenge.

Naija News reports the Central Bank of Nigeria (CBN) has taken various steps to address the situation but so far, all efforts have proved abortive.

Adding his voice to the issues at hand as it affects the dollar and the naira, Mbaka told the President to sack his present economic team.

“Naira is falling everyday. This year (2022), President Buhari, form a new economic team. Do something very fast so that Naira can arise and shine,” Mbaka said.

It will be recalled that President Muhammadu Buhari on Tuesday approved the appointment of Dr. Doyin Salami as his Chief Economic Adviser.

Dr Salami was the Chairman of the Presidential Economic Advisory Council, PEAC.

Salami is a 1989 doctorate degree graduate of Economics from the Queen Mary College, University of London.

The 59-year-old is the Managing Director and Head Markets Practice at KAINOS Edge Consulting Limited, and member of the Adjunct Faculty at the Lagos Business School (LBS), Pan-Atlantic University, where he recently attained the rank of Senior Fellow/Associate Professor.

Naija News reports that the Chief Economic Adviser to Buhari is expected to address all issues on the domestic economy and present views on them to the President.

But former Kaduna Central Senator, Shehu Sani has criticized the decision of President Muhammadu Buhari to appoint a new economic adviser.

Sani in a reaction to the development via his Twitter account questioned the rationale behind appointing a new economic adviser by the president.

In his view, there is nothing much the new appointee can achieve in repositioning the country’s economy with just about two years left before the current administration ends.

“What can Chief Economic Adviser do with less than two years to go?, Sani queried in his Twitter post on Tuesday.