President Muhammadu Buhari has ruled out devaluation of Naira, saying he was yet to be convinced on the need to do that.
Nigeria’s Naira has been falling against the major foreign currencies – US Dollars, British Pounds Sterling and Euros, prompting calls in some quarters for devaluation.
But, Buhari told the nation during his maiden media chat on Wednesday, “I will not support devaluation of the Naira.
“I need to be convinced that there is need for the country to devalue the Naira. Is it against the dollar or pound?
“We have our priorities, to provide money to fund the projects we have already outlined, and not for those who want hard currency to import textile and toothpick.
“Personally, I don’t support the devaluation of the Naira. We handed over a secured country in 1979, but by 1984, nobody knew how much Nigeria was owing.
On the fight against corruption, President Buhari said, “By the end of the first quarter of next year, we will tell Nigerians how far we have gone on the fight against corruption.
“I swore by the Holy Koran to defend the country’s constitution and the law. So, we will not put any body above the law.
“I cannot make the mistake of appointing anyone with corruption.
“Whoever is found to be corrupt would not only be sacked but prosecuted,” he assured.
The interview panelists were Channels TV’s Kayode Akintemi (Anchor), Ngozi Anyaegbulam, Media World International; Munir Dan Ali, Daily Trust; and Ibanga Isine, Premium Times.
