Naira depreciating because we ignore deity of wealth, Aje – Gani Adams

The Aare Onakakanfo of Yoruba land, Iba Gani Adams, has urged the Federal Government to stop the continued depreciation of the naira.

Adams spoke in Agege, Lagos State, during the celebration of the 2023 edition of Wealth Festival (Odun Aje), just as he said there was the need for zero tolerance for corruption.

Adams noted that depreciation of the naira had affected the country in the global market, asserting that naira was of lowervalue to Ghanaian Cedi, South African Rand, and Namibian Dollar, among others.

He said, “There is urgent need for the Federal Government to look into the best way to help the naira regain its value.

“I feel bad whenever I see how the Nigerian naira has lost value among the currencies of the world.

“One South African Rand equals N24.98 Nigerian naira. Also the Namibian Dollar is more valuable than the Nigerian naira.

“The American dollar is put at over N700 to our naira while the United Kingdom Pounds is much more valuable than the naira trading at over N800 to Nigerian naira.”

The Yoruba generalissimo said the depreciation of the country’s currency did not only resulted from bad leadership, it was also as a result of the citizens’ failure to appreciate the deity in charge of wealth – Aje.

“The depreciation we experience today was as a result of bad leadership and our failure to appreciate the deity in charge of wealth – Aje.

“I am of a strong conviction that our naira loses value immediately we changed the Nigerian currency from naira and kobo which was the popular coins.

“We have lost the spirituality of our wealth and our naira continue to depreciate in value and standard.

“There is urgent need for the Federal Government to look into the best way to help the naira regained its value,” he said.

On corruption, Adams called for a just society that is  transparent and corrupt-free.

On the significance of celebrating the Wealth Festival (Odun Aje), the Yoruba generalisimo said it was to seek wealth in abundance and also “in our own interest to change the ugly narratives about the way we despise the deity that is in charge of wealth.”

“We celebrate Wealth Festival in order to educate and enlighten those that are ignorant of the reason for this festival,” he added.