“US dollar no longer king over naira but Atiku, El-Rufai, Obi won’t celebrate’ – Presidency

The Presidency has tackled the African Democratic Congress, ADC, coalition leaders, Atiku Abubakar, El-Rufai, and Peter Obi over reports that Chinese traders now collect naira cards during transactions.

President Bola Tinubu’s spokesman, Bayo Onanuga, noted that the development indicates that the US dollar is no longer the ultimate king.

But, according to him, Atiku and Obi won’t celebrate the feat.

Posting on X, Onanuga wrote: “This is a salutary development for the Nigerian economy. The Tinubu reforms are making foreigners have faith in the Naira.

“The Almighty US dollar is not the ultimate king here. The Naira is waxing stronger as an international means of exchange. I also buy some items on Chinese platforms.

“I can confirm that they accept Naira cards. El-Rufai, veteran runner Atiku Abubakar, and Peter Obi will never celebrate this development.

“They are waiting for disasters to vent their political frustration on President Tinubu.”