The presidential candidate of the Social Democratic Party, Adewole Adebayo, has said the naira will become a stable currency if he is elected the president of Nigeria in 2023.
He said he would not promise that naira would become equal to dollar but would ensure that the value of the country’s currency stops dwindling.
He said this on Sunday while inaugurating his campaign office in Ibadan.
The SDP candidate said the President, Major General Muhammadu Buhari (retd.), would not be rated by him because the President was virtually absent in all the key sectors.
He said, “SDP won’t make any promise when campaign starts but plans. Please take note of when campaign starts. Just as it was done during the time of Awolowo. We will give you plans that have timelines, costs, objectives and the people that are going to implement them.
Nigerian National Petroleum Company Limited said it lost 470,000 bpd to crude oil theft, especially those perpetrated in the oil-rich Niger Delta region.
The loss, it said, has hindered it from reaching its production quotas set by the Organisation of Petroleum Exporting Countries. This accrues to $700m lost monthly between March and September 2022
However, the company said it has assembled an array of digital control systems to curb the losses.