Nigeria, Feb. 21 -- Despite the naira dropping to a record low against the United States dollar in recent times, a federal lawmaker, Clement Jimbo has predicted that in less than 16 years, N100 will become equal to $100.

"In less than 16 years from now, they will be equalled again," Mr Jimbo said in a post on Facebook, using a folded picture of N100 and $100 bills for illustration.

He did not, however, explain how that would happen.

Mr Jimbo, a member of the All Progressives Congress, represents Abak/Ika/Etim Ekpo Federal Constituency of Akwa Ibom State in the House of Representatives.

His prediction came amidst the persistent decline in the Nigerian currency against the dollar.

PREMIUM TIMES earlier reported that the naira closed at...