Select Menu

DANGOTE GROUP

Slider

Market Update

Market Update

Politics

Society

Business/Economy

News Headlines

Entertainment

COLUMNISTS

Gainers

Market Gainers

Gainers

Losers

Market Losers

Losers

» » BUHARI MEETS WITH BUSINESS COMMUNITY..SAYS HE LL NOT DEVALUE NAIRA
«
Next
Newer Post
»
Previous
Older Post



President Muhammadu Buhari yesterday reiterated his opposition to the official devaluation of the nation’s currency, the naira, saying it would not yield any benefits to the nation.

He was speaking at the New Banquet Hall of the Aso Rock Presidential Villa during a Ramadan dinner with the business community.

He said: “How much benefit have been derived from naira devaluation in the past?...Now, you need N300 or N350 to a dollar. What do we derive from that? How much benefit can we derive from this ruthless devaluation of the naira? .

I am not an economist, neither am I a businessman.

“I fail to appreciate the economic explanation. What has happened to us now is that we have manoeuvred ourselves into a mono economy which led to the collapse we are seeing now,” he added.

The president said a lot of responsibilities now fell on the shoulders of the business community with a lot of investments as well as a number of people they employed.

About CKN NIGERIA

Multiple award-winning CKN Nigeria is your one stop shop for Nigeria News. Breaking News, politics, Society, Entertainment, Crime, International News etc
«
Next
Newer Post
»
Previous
Older Post

No comments

Leave a Reply