One dollar heading to N1k – Davido expresses worry over devaluation of Naira

Afrobeats superstar, David Adeleke better known as Davido has expressed concerns over the weakening of the Nigerian Naira.

He decried the continuation devaluation of the domestic currency, as the Naira currently exchanges between N590-N610 to a dollar.

Davido said that with the rate at which the Naira is losing its value, it may exchange at N1,000 to $1 in no distant time.

The singer stressed the need for drastic action to be taken by the relevant authorities charged with economic policies and implementation.

He wrote:-

‘‘Dollar heading to 1k Drastic action is needed”