Abia State Governor, Alex Otti, expressed concern over the plummeting value of the naira, attributing it to excessive printing of money by the Federal Government.
In an exclusive interview on Channels Television’s Politics Today, Governor Otti highlighted the dire consequences of financial indiscipline, citing an alarming increase in the money supply, estimated to be nearing N30 trillion.
Governor Otti emphasized the urgent need for Nigeria to transition from a consumption-driven economy to one focused on production. He underscored the detrimental effects of overreliance on imports, stressing the strain it places on foreign exchange reserves.
Stay tuned for further updates on this developing story.
