The Campaign for Equal Rights and Opportunities for all Nigerians, CERON, has urged President Bola Tinubu to reverse the policy allowing market forces to determine the value of the Naira in order to check the worsening inflation and poverty in the country.

The Executive Secretary of CERON, Mr. Francis Odiir in a statement Tuesday also commended the President for “injecting new blood and new ideas into his cabinet by appointing new Ministers.

“The President deserves commendation for being decisive in his appointments unlike what we had in the past. This has shown that he means business and those working with him will either sit up or get kicked out.

“But we must also tell the President to in the same manner act fact to check the worsening poverty and hunger in the country. We advise that he takes steps to reverse his policy to float the Naira. The earlier he does that the better for the country and its citizenry because that policy has left the economy in tatters.

“That policy has put a wage to whatever economic progress this administration intends to achieve because no country leaves the values of its currency to be determined by unseen forces called market forces and expect to make economic progress. That is why Nigeria is on its knees today and the people are obviously unhappy with the economic situation in the country.

“The government must realise that we cannot remove subsidy on petrol and at the same time leave the value of our cherished currency, which is the symbol of our economic strength to market forces when we lack the muscle or productivity to back it up.

“Our President should please summon his economic team and take immediate steps to reverse that policy in order to drive down the worsening hunger and inflation in the country.

“We cannot continue to float the Naira, the policy has crippled the economy, it has left Nigerians worse off and in despair. Truth be told, the implication is that the people are hungry and angry and this is tied to the value of the Naira which has been left in the hands of forces beyond the control of the government.

“The President must take charge of the Naira now and not allow unseen forces control the destiny of our cherished currency and destroy our economy.”