A human rights activist and legal luminary, Mike Ozekhome, SAN, has predicted naira fall to 4000 per dollar before the end of the year if President Bola Tinubu does nothing to revive the economy.
The legal practitioner who appeared during a live programme on Channels TV said President Tinubu and his team should urgently find ways to ease the economic tension in the country as they campaigned to renew people’s “hope” during the electioneering period in 2023.
He frowned at the present government issuing blames on the past administrations , stressing that President Tinubu’s government should come out with a solution to the challenges currently facing the country.
He said, “Just today, we paid out another $400 million that was so identified. In terms of the reserves, it has gone up to $34billion.
“Before the end of this year, if we are not careful, the Naira may exchange for N4000 to the dollar because there is nothing in place.
”If we are not careful we will get to the situation in Ghana, where they were carrying cedis in baskets to the market to go and buy things and put in their pockets,” he said.
