The Presidency has warned forex speculators to discard their Dollars, saying that the Naira will soon appreciate.

President Bola Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, who made this call in a statement via his X handle yesterday, urged speculators to quickly dump their dollars to avoid “tears.”

Onanuga was reacting to the Central Bank of Nigeria, CBN, disclosure that it had cleared the $7 billion foreign exchange backlog inherited by Governor Yemi Cardoso.