If Naira depreciates again,we’ll know the problem is Buhari – Reno...

Reno Omokri,a Former aide to Ex-President Goodluck Jonathan on electronic media tweeted that should the Naira depreciate now that the President is back after having appreciated while the Vice President, Professor Yemi Osinbajo was acting as President when Buhari was abroad for medical attention, then Nigerians will know that the problem rocking the country’s currency is President Muhammadu Buhari himself. 

Omokri gave the statement in a series of tweets on Monday being the day President Buhari resumed office after close to 50 days absence from both office and the country. 

According to Omokri, “Naira appreciated from ₦520 to $1 to ₦455 to $1 under Osinbajo Acting Presidency. If it depreciates, then we’ll know that the problem is PMB.” 

The Naira on Monday appreciated in all the major segments of the foreign exchange market. 
The Nigerian currency gained three points to exchange at N460, from N463 posted on Friday, while the Pound Sterling and the Euro closed at N550 and 476, respectively. 
At the Bureau De Change (BDC) window, the Naira was sold at N399 to a dollar, CBN controlled rate, while the Pound Sterling and the Euro traded at N547 and N482, respectively. 
Trading on the floor of the interbank market saw the Naira closed at N306.00 to a dollar. 

President Buhari who returned to Nigeria last Friday, after recuperating abroad resumed office on Monday the 13th of March, 2017. 

Meanwhile,during campaigns President Buhari had promised Nigerians he would bring the Naira to equal the Dollar. 
However, when President Buhari took over the leadership of the country, the Naira began depreciating against the Dollar following global economic down-turn. 
The Naira went to exchange way over N520 to $1. But, when Osinbajo started acting in President Buhari’s capacity, Nigerians saw the dollar crashing to exchange at ₦455 to $1. 
But this was equally as a result of the Central Bank of Nigeria’s intervention in Forex.