Presidential Adviser on Information and Strategy, Bayo Onanuga, has described the strengthening of the Naira in international transactions as a positive outcome of President Bola Tinubu’s ongoing economic reforms.
In a post shared via his X account on Tuesday, Onanuga noted that foreign platforms are increasingly accepting Naira cards, a development he believes signals growing confidence in Nigeria’s local currency.
He specifically pointed to Chinese e-commerce sites that now permit payments in Naira, calling it “a salutary development for the Nigerian economy.”
According to the presidential aide, the reforms introduced by the Tinubu administration are restoring foreign confidence in Nigeria’s economy while reducing overreliance on the United States dollar as the default currency.
“The Almighty US dollar is not the ultimate king here. The Naira is waxing stronger as an international means of exchange,” he wrote.
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Onanuga also took a swipe at opposition leaders, including former Kaduna State governor Nasir El-Rufai, former vice president Atiku Abubakar, and Labour Party’s Peter Obi, suggesting they are unlikely to acknowledge such progress.
“They are waiting for disasters to vent their political frustration on President Tinubu,” he added.
The federal government has introduced a raft of economic policies in recent months, including exchange rate unification and fiscal reforms, aimed at stabilizing the Naira and restoring investor confidence.