President Muhammadu Buhari has declared that his government will not devalue the naira. He noted that devaluing the naira would not confer any benefit on the citizens.The president added that he had no intention of bringing further hardship on the country,who he said, had suffered enough already.
The president also rejected suggestions that the Central Bank of Nigeria (CBN) should resume the sale of foreign exchange to Bureau de Change (BDCs) , saying that the BDCs business had become a scam and a drain on the economy.
He affirmed of his optimistism that the Nigerian economy would stabilise soon with the efficient implementation of measures and policies that have been introduced by his administration.
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