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NO MORE NAIRA DEVALUATION SAYS PRESIDENT MUHHAMADU BUHARI

President Buhari  said on wednesday that the Nigerian naira should not be devalued further, despite central Bank of Nigeria's growing ...

President Buhari  said on wednesday that the Nigerian naira should not be devalued further, despite central Bank of Nigeria's growing struggles to keep the naira at current levels.

The cental bank of Nigeria devalued the naira last year november and february 2015, despite CBN'S  struggles to keep the naira from falling, the President believes the naira must not be devalued.

"I don't think its healthy for us to have the naira devalued further, president Buhari said in an interview with  france 24"
That is why we are having the central Bank to make modification in terms of making  foreign exchange available to essential services, industries, spare parts,essential raw materials and so on - but things like toothpick and rice Nigeria can produce enough of those he said,"

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