The Anambra State
Governor, Chief Willie Obiano, has said that the naira will continue to fall
against the dollar till it reaches N500 to the greenback.
Obiano said this during the commencement of the
Anambra State Fire and Safety Summit in Awka on Wednesday.
The governor, who expressed fear that the
dollar would continue to rise against the naira, said it would take no fewer
than 18 months for the economic downturn in the country to subside.
He said, “People should embrace risk
management. That is the solution to disaster, especially in a recession.
“No recession lasts
less than 18 months, so we need to wake up. The naira is moving to N500 per
dollar.
“We need to secure our certificates and other
valuables of ours so that nothing will happen to them overnight. That’s the way
to survive in a recession.”
-Punch
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