Senator representing Edo South senatorial district, Matthew Urhoghide, has lamented the worsening economic situation in the country saying President Muhammadu Buhari is at a loss on how former President Goodluck Jonathan was able to manage the economy successfully.
The naira fell to an all-time low of N335 against the dollar on the inter-bank market last Friday
The Central Bank of Nigeria had announced a hike in the benchmark interest rate from 12 per cent to 14 per cent last week, a move seen by analysts as tailored towards braking the downward slide of the Nigerian currency by inducing a return of foreign investors back into local assets.