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Nairaland Forum / Nairaland / General / Politics / Governors Express Worry Over High Naira Exchange Rate (16851 Views)
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Governors Express Worry Over High Naira Exchange Rate by FORUMgod: 3:20pm On Jul 23, 2015 |
Nigeria governors have expressed worry over the high exchange rate of Naira to other foreign currencies. They have therefore said this and other issues would be discussed with President Muhammadu Buhari in Abuja on Thursday. This was one of the resolutions arrived at by the governors after their meeting in Abuja on Wednesday night. The meeting, which ended in the early hours of Thursday, was attended by majority of the governors. Chairman of the Nigeria Governors Forum, who is also the Governor of Zamafara State, Alhaji Abdullaziz Yari, read the communique of the meeting to journalists. It was gathered that Naira is being exchanged for about 243 to a dollar at parallel market. Yari said, “We are going to discuss with Mr. President to seek lasting solutions to the worsening macroeconomic challenges confronting the nation, especially on foreign exchange stability. “The forum pledges to work with Mr. President to ensure coherent policy actions that will create a clear policy direction for the country and stimulate domestic production.”He also said the forum discussed health issues and that the governors pledged to cooperate with the Federal Government to ensure that the National Health Act is operational.” According to him, “Sequel to presentation made by the Country Representative of the Bill and Melinda Gates Foundation, the forum agreed to aggressively support the total eradication of polio in the country.” The NGF chairman denied the insinuations in some quarters that the money given to the states was meant to bail them out of their financial crisis. Rather, he said what was shared was money from the Nigeria Liquefied Natural Gas Company Limited and Federation Accounts Allocation Committee, which, he said, were legitimate earnings for the three tiers of the government. The governor said, “It is also to inform our brothers in the media that yet the federal government has not given any bailout to any of the states. “What had been shared last time was monies from NLNG and FAAC and as we have been saying, we have not been looking for bailout, instead, we have been looking for all monies that are in the coffers of the federation account, most especially we are talking about some of the monies that are hung around the coffers of government to be brought together for the purpose of sharing.” http://www.punchng.com/news/governors-express-worry-over-high-naira-exchange-rate/ |
Re: Governors Express Worry Over High Naira Exchange Rate by Dannyset(m): 3:23pm On Jul 23, 2015 |
Mtchww! Like they are not the major cause of it. They are always in a rush to seek for bail out but slow to assist the Federal govt to work out things. I have never for once seen their creativity in helping Nigeria. They are just there. 8 Likes |
Re: Governors Express Worry Over High Naira Exchange Rate by frodobee: 3:27pm On Jul 23, 2015 |
They don't want change again? Collect your change jare. 27 Likes |
Re: Governors Express Worry Over High Naira Exchange Rate by frodobee: 3:32pm On Jul 23, 2015 |
Frodobee : 12 Likes |
Re: Governors Express Worry Over High Naira Exchange Rate by yang(m): 3:35pm On Jul 23, 2015 |
still congregating to share Lazy turds 4 Likes |
Re: Governors Express Worry Over High Naira Exchange Rate by CR77(f): 3:45pm On Jul 23, 2015 |
frodobee: 10 Likes |
Re: Governors Express Worry Over High Naira Exchange Rate by loomer: 3:45pm On Jul 23, 2015 |
Na now una start to worry? |
Re: Governors Express Worry Over High Naira Exchange Rate by Neduzze5(m): 3:45pm On Jul 23, 2015 |
Hmm!! When una dey import and spend dollars like mumu, shebi una no know ba!! Tscheewz! Una never dey worry yet!! 3 Likes |
Re: Governors Express Worry Over High Naira Exchange Rate by kilmix: 3:45pm On Jul 23, 2015 |
Shut up and work! 1 Like |
Re: Governors Express Worry Over High Naira Exchange Rate by CR77(f): 3:45pm On Jul 23, 2015 |
Correct point. Dannyset: 5 Likes |
Re: Governors Express Worry Over High Naira Exchange Rate by Nobody: 3:46pm On Jul 23, 2015 |
eeyah |
Re: Governors Express Worry Over High Naira Exchange Rate by Nobody: 3:46pm On Jul 23, 2015 |
. |
Re: Governors Express Worry Over High Naira Exchange Rate by Nobody: 3:46pm On Jul 23, 2015 |
which of the governors?? those diverting worker's salary to their personal account, abi those paparazzing with the president in washington ?? 5 Likes |
Re: Governors Express Worry Over High Naira Exchange Rate by brixton: 3:46pm On Jul 23, 2015 |
Lazy leaders, most of these foolish state executives actually govern their states from Abuja. Until we have true federalism or divide the contraption called Nigeria for each zone to fend for themselves, there will never be progress. 25 Likes 1 Share |
Re: Governors Express Worry Over High Naira Exchange Rate by Nobody: 3:47pm On Jul 23, 2015 |
See them...better get to work and generate revenue in your states. |
Re: Governors Express Worry Over High Naira Exchange Rate by Nobody: 3:47pm On Jul 23, 2015 |
The governors share in the blame; with their profligate lifestyle and unbridled appetite for loans. That's how they put undue pressure on hapless Jonathan to share everything and thus rendered their states insolvent thereby requiring the devaluation of the Naira. 8 Likes 1 Share |
Re: Governors Express Worry Over High Naira Exchange Rate by CR77(f): 3:47pm On Jul 23, 2015 |
Who kilmix: 1 Like |
Re: Governors Express Worry Over High Naira Exchange Rate by idbami2(m): 3:47pm On Jul 23, 2015 |
They shld also worry abt their wrkers nt bn paidd |
Re: Governors Express Worry Over High Naira Exchange Rate by Nobody: 3:47pm On Jul 23, 2015 |
Is only the ones that affect these governors that they go after. selfish people 1 Like |
Re: Governors Express Worry Over High Naira Exchange Rate by Zeusd3(m): 3:48pm On Jul 23, 2015 |
wow |
Re: Governors Express Worry Over High Naira Exchange Rate by Firefire(m): 3:48pm On Jul 23, 2015 |
Standard Chartered Bank (SCB) just charge me N209.68/$ just now for the transaction I made using my Visa Card online. Why? that is additional 6.5% on top CBN rate of N197/$ I was waiting before, hoping "Baba Go Slow" meant business, I now see that the grandpa is "Super Clueless", I rather pay my bill before the rate turns to N500/$ as speculated by Dangote. I still need further clarification from SCB anyway. 7 Likes 2 Shares |
Re: Governors Express Worry Over High Naira Exchange Rate by kayo80(m): 3:49pm On Jul 23, 2015 |
This is a serious issue. To solve the problem, we need to seriously cut down on importation, which will make pple go with Nigerian made stuff...This will help revitalize our industrial sector. This will definitely be a win win for Nigeria and Nigerians. Anyway, for the men that have problem lasting long in bed, hit me up on bbm- 56163832 |
Re: Governors Express Worry Over High Naira Exchange Rate by anonimi: 3:49pm On Jul 23, 2015 |
What of Baba's promise www.nairaland.com/attachments/2403078_buharinairatodollarpromise_jpeg536f4a3346e6a689940c6ceb025c51a7 12 Likes 2 Shares |
Re: Governors Express Worry Over High Naira Exchange Rate by Nobody: 3:49pm On Jul 23, 2015 |
Are they not the ones causing the problem in the first place Click my signature and see things |
Re: Governors Express Worry Over High Naira Exchange Rate by HDee(m): 3:50pm On Jul 23, 2015 |
. Seriously We don't even know whah to believe again? Ehen |
Re: Governors Express Worry Over High Naira Exchange Rate by crystalblaize1: 3:50pm On Jul 23, 2015 |
ok |
Re: Governors Express Worry Over High Naira Exchange Rate by Mrbigman1(m): 3:51pm On Jul 23, 2015 |
The way dis man was talking, I wonder if he means any good to this country. U wanna share everything in d coffers of d federal government and yet u re borrowing billions daily. This is no more a country manh! Dis entity is empty. And people died to set dis fouls in? Biafra I want biko 7 Likes 1 Share |
Re: Governors Express Worry Over High Naira Exchange Rate by Zeusd3(m): 3:51pm On Jul 23, 2015 |
Nigeria governors have expressed worry
over the high exchange rate of Naira to
other foreign currencies.
They have therefore said this and other
issues would be discussed with President
Muhammadu Buhari in Abuja on
Thursday.
This was one of the resolutions arrived at
by the governors after their meeting in
Abuja on Wednesday night.
The meeting, which ended in the early
hours of Thursday, was attended by
majority of the governors.
Chairman of the Nigeria Governors Forum,
who is also the Governor of Zamafara
State, Alhaji Abdullaziz Yari, read the
communique of the meeting to
journalists.
It was gathered that Naira is being
exchanged for about 243 to a dollar at
parallel market.
Yari said, “We are going to discuss with
Mr. President to seek lasting solutions to
the worsening macroeconomic challenges
confronting the nation, especially on
foreign exchange stability.
“The forum pledges to work with Mr.
President to ensure coherent policy
actions that will create a clear policy
direction for the country and stimulate
domestic production.”He also said the
forum discussed health issues and that
the governors pledged to cooperate with
the Federal Government to ensure that
the National Health Act is operational.”
According to him, “Sequel to presentation
made by the Country Representative of
the Bill and Melinda Gates Foundation,
the forum agreed to aggressively support
the total eradication of polio in the
country.”
The NGF chairman denied the insinuations
in some quarters that the money given to
the states was meant to bail them out of
their financial crisis.
Rather, he said what was shared was
money from the Nigeria Liquefied Natural
Gas Company Limited and Federation
Accounts Allocation Committee, which, he
said, were legitimate earnings for the
three tiers of the government.
The governor said, “It is also to inform our
brothers in the media that yet the federal
government has not given any bailout to
any of the states.
“What had been shared last time was
monies from NLNG and FAAC and as we
have been saying, we have not been
looking for bailout, instead, we have been
looking for all monies that are in the
coffers of the federation account, most
especially we are talking about some of
the monies that are hung around the
coffers of government to be brought
together for the purpose of sharing.”.. so Governors dey worry |
Re: Governors Express Worry Over High Naira Exchange Rate by Nobody: 3:52pm On Jul 23, 2015 |
Elections are over, it's now time to shed Crocodile tears Yeye people 2 Likes 1 Share |
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