Buhari Says No To Devaluation Of Naira

President Buhari
President Buhari

..Govt Can Only Negotiate With Credible B/Haram Leadership

…May Ban Hijab If…
President Muhammadu Buhari has said that the Federal Government will not devalue the naira except the government is convinced.
The President, comment is coming barely two months after the Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, said that the Apex Bank had no intention the Naira.
Emefiele had journalists at the State House that the last devaluation took place in February and would remain so for now.
According to him, “There has been a lot of talks on whether or not we want to devalue our currency again. The truth is that we had adjusted the currency by depreciating it from N155 to N197 in February this year. There is no intention to devalue or adjust the currency any longer.”
Emefiele continued, “the president has been very clear on this, the vice president has been very clear on this and let me further reiterate our position at the CBN that we are not considering any further devaluation of the currency.”
Buhari said this while fielding questions from journalists on the possibility of devaluing the Naira in view of the current economic situation during his maiden media chat at the State House Abuja.
Presently at the parallel market other currency such has the Dollars is N256 to a Dollar while the British pound now N360 to a Pound.
The President while answering the questions stated that the Federal Government would only devalue if only the government was convinced.
According to him, “I personally do not support the devaluation of the Naira. I need to be convinced .Devalue the Naira against which currencies; Yen, Dollar or Pound.”
On the clash between the Army and the Shites in Kaduna State that allegedly led to the death members of the sect, which has generated discuss across the country and beyond, Buhari said that he would not like to comment on the matter as investigation into the clash was ongoing.
He added that the Federal Government was waiting for the report on investigation on the crisis.
On whether the Federal Government will ban Hijab, which is now used to conceal bombs by Boko Haram suicide bombers and also based on the fact that some countries, who are also taking part in the fight against the insurgents have done so. President Buhari stated that banning Hijab was not an option but that if the bombing continues it would be banned.
Recalled that Congo-Brazzaville, France and Chad have banned the use of the veil.
Also, the municipal government of Diffa in Niger Republic, near the border with Nigeria banned the full Islamic veil (Hijab) following suicide attacks in countries in the region by women wearing the religious garment.
Similarly, the president said that the Federal Government was keeping the option of negotiating with Boko Haram open and that if a credible Boko Haram leader can convinced government that he knows where the girls they would be negotiation.
“Government is keeping options open with Boko Haram on Chibok Girls.” he said
On the fight against corruption, he stated that the Federal Government has confidence in the Economic and Financial Crime Commission (EFCC) and the Independent Corrupt Practices Commission (ICPC).
He stated that Nigerians would know the progress of the administration anti corruption war at the end of the first quarter of 2016.
The Federal Government he added is appealing to financial institutions in other countries where these funds where lodged to cooperate with Nigeria in the fight against corruption.
On assets declaration, the President stated that he had declared his assets four times, adding that the issue is a constitutional matter.