Pat Utomi, a prominent economist and leader of the Labour Party, has issued a strong caution that the naira could plummet to N10,000 per dollar if immediate action is not taken.
Utomi delivered this warning during an event hosted by activist Dr. Moses Paul to commemorate the first anniversary of the 2023 presidential election.
He expressed concern that Nigeria is rapidly deteriorating due to a disconnect between those in power and the citizens.
“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.
