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Some Are Buying Dollars In Panic Manner, Our Official Money Is Naira Not Dollar - Joe Igbokwe Reacts

According to the information gathered from a reliable source, the naira has crashed further in the parallel market, trading for N710 against the US dollar on the exchange platform Aboki Forex.

Experts blamed the naira volatility on the continuous intervention of the Central Bank of Nigeria, CBN, on the forex market as external reserve also witnessed a decline.

Based on these notes, a well known Nigerian politician, Joe Igbokwe who was the spokesperson for the ruling All Progressive Congress, APC, Lagos State chapter has taken to his official Facebook page to react, saying that some people are now buying dollar in panic manner all because of the crash.

While sharing on his official Facebook page, the exceptionally boisterous APC and Bola Tinubu supporter, and special adviser to the Lagos State governor, Babajide Sanwo-Olu, on drainage and water resources, Joe Igbokwe made it known that the official currency used here in Nigeria is naira and not dollar, adding that some Nigerians are now buying dollars in panic manner thinking that war may break out.

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