Everything Going Up, Only Naira Value And Foreign Reserve Is Going Down – Shehu Sani Mocks Buhari Administration

capture9 300x199 - Everything Going Up, Only Naira Value And Foreign Reserve Is Going Down – Shehu Sani Mocks Buhari Administration

Former Kaduna Central Senator, Shehu Sani on Wednesday, 2nd September, ‘attacked’ the President Muhammadu Buhari led administration for the way it is running Nigeria’s economy.

The former Senator implied the Buhari administration has brought much hardship on Nigerians as the cost of many basic items necessary for human survival has gone up.

Sani noted that the only things that have gone down since Buhari assumed office as Nigeria’s democratically elected president are the country’s foreign reserve and the value of the Nigerian currency – Naira.

He took to Twitter to write: “What’s going up; Foreign loans, Electricity tariff, Pump price, Cost of Data, Cost of Rice, VATs, Tuition fees, Cost of living; What’s going down; Value of the Naira, Foreign reserve.”

Meanwhile, Naija News recalls the federal government of Nigeria through the Pipelines and Product Marketing Company (PPMC) on Wednesday, increased the price of petrol in the country.

According to a memo from the PPMC, which was signed by D.O Abalaka, the new price of petrol in Nigeria is N151.56 per litre.

The new price regime takes effect from September 2, 2020, the PPMC statement noted.

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