The Naira’s official exchange rate was $1.30 but was worth only 33 cents in the black market.
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In the Second Republic (1979), under a presidential system, there were the National Party of Nigeria (NPN); the Nigerian Peoples Party (NPP), and the Unity Party of Nigeria (UPN) as the three leading political structures. The People’s Redemption Party (PRP), an ideological rebirth of Aminu Kano’s NEPU – was also reckonable — but only for its ideological leanings which appealed to the educated elite. But it did not have the stature and spread of the famous three.
This is coming just as the family stated that the refusal of the two tiers of government is a disservice to the nationalistic efforts of the late politician whom it described as one of Nigeria’s founding fathers.
President Goodluck Jonathan has been enjoined to without further delay sack the chairman of the Independent National Electoral Commission (INEC), Prof Attahiru Jega, before he plunges the nation’s politics into crisis.