The former Senator representing Bayelsa East, Ben Bruce, has said the naira floatation policy of President Bola Tinubu is succeeding.
Concise News learnt that the naira currently exchanges for a dollar at N950 as of the time of filing this report. This marked a N350 gain from the N1300 it traded for a dollar last week.
Reacting to the development, Ben Bruce, in a post on X, said, “The Naira is gaining value.”
He continued, “Flotation is succeeding. Fitch Ratings has affirmed that our economy is stable and growing. Our GDP is rated by Fitch and Standard and Poor’s to Brie by over 3%.
“The reforms are working. Nigeria’s economy is attracting foreign direct investment again. Our banks are declaring record profits. Things are looking up.
“Now, the Tinubu administration has to ensure that these gains trickle down to ordinary Nigerians. And policies like the ₦35,000 wage support and the introduction of CNG are a step in the right direction.
“There is reason to be hopeful as a Nigerian. God bless the Federal Republic of Nigeria.”