In response to a news stating that the Federal Government of Nigeria is thinking of changing a $30 billion domiciliary account to Naira, former Kaduna lawmaker Shehu Sani responded.
The Federal Government intends to convert a $30 billion domiciliary account to Naira, according to PUNCH.
The report went on to say that the action is intended to stabilize the naira, which saw its largest decline on the official Nigerian Foreign Exchange Market on Monday after depreciating by 24% to close at N1,348 per dollar. This information was provided by a top source in the Presidency.
Shehu Sani responded to the story by stating that it is illogical to ask those living abroad to send their dollars to Nigeria while also considering converting the dollars of those holding dollar accounts at home.
He stated
, “Calling on the Diaspora to send their dollars home for safe keeping on one hand and contemplating converting the dollars of those who have domiciliary dollar accounts on the other looks contradictory” . Senator Shehu Sani via his X verified page.