NewStats: 3,262,386 , 8,176,988 topics. Date: Monday, 02 June 2025 at 06:02 AM 3y714

The Special Adviser to the President Bola Tinubu on Economic Matters, Tope Fasua, has said a weaker currency for the country was one of the best policies of the government.

Tope Fasua said the country’s currency’s low performance in comparison to other currencies has focused the attention of businesses on sourcing local raw materials.

In an interview with Arise TV on Monday night, Fasua noted that the current exchange rate has also stopped Nigerians from leaving the country for other countries.

Fasua argued that Nigeria has more students in the United States and the United Kingdom than most developed countries, not because the country’s education was totally bad but because of wrong choices. He said the weak Naira was also addressing it.

“I’m giving the advantage of making that currency weaker. Because now we’re focusing more on Naira and what Naira can do. We’re focusing more on what we can do ourselves. We’re focusing more on Nigerian raw materials. Many manufacturing companies have now started sourcing local raw materials rather than importing them.

“A lot of people aren’t traveling as many times as they would before. That’s one of the things, especially the middle class. And our middle class were special people. I mean, we assumed that we could travel five, six times on business class every year.

“How come Nigeria is the third or fourth country with the highest number of university students in the U.K. and the U.S. of all the countries in the world, we are rubbing shoulders with China with 1.4 or 1.5 billion people, we’re only 200 million people. That means that we’re putting so much money. It is not necessarily a failure of our education. It’s just aspiration. It’s aspiration,” he said.

The President’s Economic Adviser stressed that it was wrong for critics to assume the country would grow to be like Western nations that have been developing for years.

He emphasized that many Nigerians complaining of no work have decided not to work. According to him, the country has work for the citizens.

“The fact that we are rubbing shoulders and expecting that our economy and society will be at par with even the people that gave us colonization, who have had maybe 2,000 years of documented history. That means we have been preposterous. We’ve been preposterous, you know, because we can’t, your child cannot try and be you today. He has to learn and grow. And it’s also a matter of time.

“It’s good that the Naira has become weaker, but it has made us focus more. However, what we’re saying is that for those who are enterprising, for people who have work, who want to work, indeed, there’s work in this country. For those who want to work,” Fasua added.

https://reubenabati.com.ng/featur/weak-naira-is-good-many-people-can-t-travel-again-tinubu-s-aide/

Rolls Royce riders are now riding Honda

Honda riders are now riding bicycle

Travellers are now trekking

That the legacy of the criminal

,

The good thing about the bad Naira it is now profitable and enjoyable for Nigerians in diaspora to come home. Look at this year’s Derry December. I bet next year’s would even see more people come over.

Obviously Tinubu came to pauperise the Nation.

Who is this man for Christ sake.

decasey:
Who is this man for Christ sake.

Do u seriously want a strong currency when u are not producing anything. So that when u have a headache u jump on plane to go to londofor check up.

This Man just revealed the plan of this APC govt to pauperize Nigerians,
despite all the Mumu talk of Reforms by Tinibu.

KnowAll:


Do u seriously want a strong currency when u are not producing anything. So that when u have a headache u jump on plane to go to londofor check up.

Is running to London and Paris reserved solely for Tinubu? How many times has he been out on medical treatment since he became president?

KnowAll:


Do u seriously want a strong currency when u are not producing anything. So that when u have a headache u jump on plane to go to londofor check up.

Too many very very low IQ people in this country.

Tinubu came to destroy the economy and create more Almajiris, agbero and beggars that he can exchange their votes for one cup of rice in 2027.

The poorer the Nigerian, the easier for him to bribe them for votes.

He is a smart guy, the biggest buffoons are his ers. He carry them handicap..


If you ever think the dollar will ever come down, you are the biggest jokers.

I thank God for blessing me and my family with expatriate jobs that pays in dollars while I spend in Naira. I have a Doctorate and school no be scam.

I will continue to gain more dollar expat jobs and Agbadorians must never see or enjoy any good thing as their lord and master Tinubu has declared. Insha Allah.


While we the smart ones go on to enjoy the country heads or tails..


$3000- $5,000 dollars per month while working from Nigeria is my shield against tinubulation. Tinubu is here to make me richer in Naira..

Agbadorians are born to be beggarly forever..

Na Tinubu go kill Una las las...

It shall never be well with Tinubu and the generations of his ers, oloriburuku oloshi omo asewo gbogbo.

.

treesun:
The Special Adviser to the President Bola Tinubu on Economic Matters, Tope Fasua, has said a weaker currency for the country was one of the best policies of the government.
Tope Fasua said the country’s currency’s low performance in comparison to other currencies has focused the attention of businesses on sourcing local raw materials.

https://reubenabati.com.ng/featur/weak-naira-is-good-many-people-can-t-travel-again-tinubu-s-aide/

The Naira is too weak. Naira shouldn't be more than 750/$

Chinese Chairman Mao 1949 great leap ideology. Economic theory that kept China in the woods for 70 years chai. Tinubu need to sack this one instantly before the world make mockery of him

You just have to give it to apc and thier ers for the way they can twist a bad situation and engage in hypocrisy with a straight face. They say the dumbest things without giving a damn.

Mr. Fasuan, since a weak naira is good for the Nigerian economy, can you explain why bat condemned the exchange rate at N217:$1 in 2014?

Since you are praising the naira at N1600, can you then explain why you and your present day pay masters said you would make naira at par with the dollar in 2015?

Since exchange rate at N1600 is so fantastic, why did BAT project during his campaigns that he would bring down the rate to N300:$1?

This is how they employ wicked people in his govt.

Just imagine someone having a bad president and still have bad advisers.

Now,it is clear to all that these guys came to destroy.

Una master dey share white dust give una sometimes abi?

Cindypresh:


Too many very very low IQ people in this country.

I stopped arguing here because I realized so many of them can be defeated by a primary 6 people in a debate.

I thought Buhari and his crew were clueless, but I've never seen a more comprehensive assembly of daft people in one government as currently seen in Tinubu's government. I honestly don't know how people can be this vacuous.

See line of defence for failure.

See the result of poor choices.

See how we are being insulted right to our faces. Lack of sufficient money has really caused us a lot. May God in His ultimate Anger punish that man.

yes, it is true that Weak naira is good for foreign investors and for nigeria.

but i think this aide does not understand what he is saying when he went on to say that weak naira has made Nigerians stay in Nigeria and Nigerian students stay in Nigeria, is he like saying Nigerians should be POOR and we should not have access to top education in other part of the world.

like he is a President’s Economic Adviser...JESUS

This is the aide biography when you consider the fact that he also studied abroad. it shows that the aide is not intune with reality

Tope Fasua attended London Metropolitan University to gain a master's degree in Financial Markets and Derivatives in which he earned Distinction in 2006. Harvard Business School, University of Groningen, Lonestar Academy, Texas are some of the academic institutions where Fasua has attended executive programs. He holds a Ph.D. in public policy and istration, from Walden University.

It’s always sad to see fellow citizens online who can’t see beyond their noses.

An ignorant president has made a mistake the least we can do is return him back to the norm.

Everything isn’t about politics.

Promising children that could’ve excelled in foreign universities, get good employment and repatriate funds and technology to Nigeria were withdrawn from school because of crass economic policies;

Patients with illnesses requiring foreign expertise were left to die because of wicked policies;

Honest working Nigerians have been reduced to laughing stocks because of the devaluation, only tacky content creators, fraudsters and politicians are having a field day;

All Nigerians wouldn’t be farmers, no society was built that way, some would be architects, doctors, engineers, teachers etc. and they all deserve decent wages that can afford them vacations and all the basics of life.

ing such condescending measures is pure evil.

For those who keep on parroting we don’t produce anything, we produce enough not to be this poor.
Gulf countries produce just oil and they’re okay.

And before you retort with population size, the per capital and social benefits dwarfs whatever the Nigerian government is doing. These countries with low population offer free education, ambulance services, healthcare(dialysis, surgeries etc) to a limit, life pensions, housing allowances, marriage allowances, zero interest rates and lots more.

What does the Nigerian state offer to its citizens asides death?

Mahenson:
Obviously Tinubu came to pauperise the Nation.

Subanalah.
Some people are not mindful of their words. The poor are suffering and weak naira is affecting the economy badly. No one wants to jakpa if naira is strong.

Not a good thing. Once people are made Special Advisers, they lose touch with reality.

motymop:
yes, it is true that Weak naira is good for foreign investors and for nigeria.

but i think this aide does not understand what he is saying when he went on to say that weak naira has made Nigerians stay in Nigeria and Nigerian students stay in Nigeria, is he like saying Nigerians should be POOR and we should not have access to top education in other part of the world.

like he is a President’s Economic Adviser...JESUS

This is the aide biography when you consider the fact that he also studied abroad. it shows that the aide is not intune with reality

Tope Fasua attended London Metropolitan University to gain a master's degree in Financial Markets and Derivatives in which he earned Distinction in 2006. Harvard Business School, University of Groningen, Lonestar Academy, Texas are some of the academic institutions where Fasua has attended executive programs. He holds a Ph.D. in public policy and istration, from Walden University.

A Ph.D from Walden University, I don't rate. Walden is an open, online, for-profit university and the standards are not as high as traditional non-profit Universities.

I am more qualified than that jerk.

Rolls Royce drivers are now using Honda, Honda drivers are now riding bicycles, and travelers are now trekking. That reflects the legacy of the wrongdoers.

Cindypresh:


Too many very very low IQ people in this country.

Truly, very unintelligent peeps with phones

vanbonattel:
Rolls Royce riders are now riding Honda

Honda riders are now riding bicycle

Travellers are now trekking

That the legacy of the criminal

APC and their useless ers are demented fools that should be castrated for the level of pain they've inflicted on Nigerians.

Dalohad:


A Ph.D from a Walden University, I don't rate. Walden is an open, online, for-profit university and the standards are not as high as a traditional non-profit Universities.

I am more qualified than that jerk.

Imagine, no wonder he can come and say this nonsense.

Paraman:
The Naira is too weak. Naira shouldn't be more than 750/$

so why’s it 1700 to a $ bst