Buhari Emeka Anyaoku asks President not to devalue Naira

The diplomat said Buhari should seek the advise of economists on how best to go about solving Nigeria’s current economic challenge.

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Nigerian President Muhammadu Buhari speaks during a news conference after meeting with Turkish President Tayyip Erdogan in Abuja, Nigeria March 2, 2016 play Nigerian President Muhammadu Buhari speaks during a news conference after meeting with Turkish President Tayyip Erdogan in Abuja, Nigeria March 2, 2016 (REUTERS/Afolabi Sotunde)
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Former Commonwealth Secretary-General, Chief Emeka Anyaoku has asked President Buhari not to devalue the Naira.

Anyaoku said Buhari should seek the advise of economists on how best to go about solving Nigeria’s current economic challenge.

He said “A case has not been convincingly made that the devaluation of our naira in our present circumstance will truly serve Nigeria’s national interest.

“President Muhammadu Buhari should, in my view, stick to his anti-devaluation position but he should also urgently appoint a team of knowledgeable expert economists to advise him on how to approach Nigeria’s current economic crisis” .

Anyaoku said this at an event where he chaired the presentation of the memoir of Ambassador Olu Sanusi.

He also said ”the parliamentary system that Nigeria’s nationalists designed did not allow corruption as such.”

The diplomat said the presidential system of Government added to the level of corruption in Nigeria.

Former Commonwealth Secretary-General also said the President is determined to bring the desired change to Nigeria.

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