Presidency Rebuffs Atiku's Naira Proposal, Touts Economic Gains Under Tinubu
• The Presidency disagrees with Atiku's proposal for a controlled floatation of the naira, saying it is similar to Emefiele's policy when $1.5bn was spent monthly to shore up the naira.
• It cites figures showing a 66% increase in capital inflow in Q4 2023, suggesting investors' confidence in Nigeria under Tinubu.
• Atiku's claim that CBN's policies were done without consultations is false, the FX management policies are yielding positive results, it argues.
• The meeting between Tinubu, VP, and governors was on food supply and reducing food price fluctuations, not currency issues.
• APC says forex challenges are due to PDP's policies under which Emefiele emerged CBN Governor.