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Pat Utomi Raises Alarm Over Potential Naira Collapse, Envisions N10,000 Per Dollar Exchange Rate
Pat Utomi Raises Alarm Over Potential Naira Collapse, Envisions N10,000 Per Dollar Exchange Rate....KINDLY READ THE FULL STORY HERE▶
Renowned economist and prominent figure in the Labour Party, Pat Utomi, has sounded a warning, expressing concerns about the possibility of the naira reaching N10,000 per dollar if immediate action is not taken………CONTINUE READING
Utomi made this prediction during an event organized by activist Moses Paul to commemorate the first anniversary of the 2023 presidential election, which took place on Sunday.
Highlighting the urgent need for intervention to address the deteriorating state of the nation, Utomi emphasized the growing sense of disconnection between the people and those in power, coupled with the failure of authorities to effectively represent the interests of the citizens.
He underscored the imperative of reclaiming the country’s trajectory without delay, asserting that waiting until the next election cycle is not a viable option.
Utomi stressed the importance of proactive citizen engagement in rectifying the current situation, cautioning that without adequate measures, the naira could plummet to N10,000 per dollar.
In his words, “Our country is facing imminent decline; it is decaying because the populace feels alienated from their leaders, and those in positions of power seem out of touch with the people’s needs. Everything is rapidly deteriorating.
“This moment demands action from us as citizens to restore our nation’s integrity. We cannot afford to postpone our efforts until the next election cycle in 2027. The time to reclaim our country is now.
“We must assume responsibility because we possess the knowledge needed to navigate these challenges. If we fail to establish our own security framework, productivity will suffer, and the naira’s value could plummet to N10,000 per dollar, mark my words.”
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