2027: Obi’ll Strengthen Naira To N500/$1, Halve Prices Of Goods If Elected – Utomi

Political economist and chieftain of the Nigeria Democratic Congress (NDC), Prof. Pat Utomi, has projected that the naira, petrol price could appreciate to N500 per dollar and prices of essential commodities could fall by half if the party’s presidential candidate, Peter Obi, wins the 2027 election.
Utomi said the proposed exchange rate target forms part of the NDC’s economic agenda, which he believes would ease inflation, reduce poverty and improve Nigerians’ purchasing power.
In a post on X, the economist said strengthening the naira from its current level of about N1,350 to N500 against the dollar would be a central component of the party’s proposed strategy to reduce the cost of...