‘FUEL HIKE & OTHER MATTERS’ Fasehun Tells Buhari It Has Never Been This Worse
[img]http://3.bp.blogspot.com/-Si5taDNQNqw/VzsdyHS8FVI/AAAAAAACdf4/THelVnVmiCY0uarbaHgiCrFTszYUcSibACLcB/s400/Frederick-Fasehun-.jpg" width="400">The founder and President of the Oodua People’s Congress (OPC) and National Chairman of the Unity Party Of Nigeria (UPN), Dr Frederick Fasehun has addressed the press concerning the state of the country especially on the increase of petrol. Fasehun who didn’t mince words told the President it has never been this worse.
THIS PAST ONE YEAR
Dr Frederick Fasehun If truth be told, the last one year of the regime of President Muhammadu Buhari and the All People’s Congress (APC), has witnessed unprecedented change, in line with the CHANGE mantra of the current ruling party that used to be the opposition party.
Unfortunately, the change so far has headed downhill, with Nigeria having her domestic issues amplified and magnified negatively. The Naira is at its all-time low. Inflation has spiralled to an all-time high. When Buhari took over last year, a sachet of pure water went for N5, but now it sells for between N10 and N15. The Nigerian Naira has diminished among world currencies. As against N205 in the parallel market when Buhari took over on May 29, 2015, the Naira today exchanges for N385 against $1, and N505 against £1. Importers are starved of foreign exchange.
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