An economist and chieftain of the Labour Party, Pat Utomi, has warned that the naira may fall to N10,000 per dollar if nothing is done urgently.
Utomi gave this warning on Sunday at an event organised by activist Dr Moses Paul to mark the first anniversary of the 2023 presidential election.
He said the country was going down very fast because those in authority seem to be far from the people.
“Our country is dying before us; it is dying because the people don’t believe that those in authority are representing them and those in power don’t feel the people.
“They don’t act for the people and everything is running away. Going down very fast.
“This is like claiming this moment and acting like citizens to make this country work right now.
“We must not wait for the next election (2027) before we act, we need to take back our country right now.
“We need to take charge now because we know what to do that they don’t know what to do. If we don’t create our own security system, there will be no production, and if there is no production, the naira will reach N10,000 per dollar, I assure you.” he said.
