Buhari rejects devaluation of Naira, says "I won't kill the Naira" Linda Ikeji at Welcome to Linda Ikeji's Blog - 2 hours ago Press statement from the Presidency President Muhammadu Buhari declared late Wednesday in Nairobi that he was yet to be convinced that Nigeria and its people will derive any tangible benefit from an official devaluation of the Naira. Speaking at an interactive meeting with Nigerians living in Kenya, President Buhari maintained that while export-driven economies could benefit from devaluation of their currencies, devaluation will only result infurther inflation and hardship for the poor and middle classes in Nigeria's import-dependent economy. The Muhammadu Buhari added that he had no in... more »

Press statement from the Nation Presidency President Muhammadu Buhari declared late Wednesday in Nairobi that he was yet to be convinced that Nigeria and its people will derive any tangible benefit from an official devaluation of the Naira. Speaking at an interactive meeting with Nigerians living in Kenya, Buhari maintained that while export-driven economies could benefit from devaluation of their currencies, devaluation will only result infurther inflation and hardship for the poor and middle classes in Nigeria's import-dependent economy.Nigeria President added that he had no in... more »
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