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Governors Express Worry Over High Naira Exchange Rate by seunwen2(m): 2:39pm 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.” www.punchng.com/news/governors-express-worry-over-high-naira- exchange-rate/?utm_source=twitterfeed&utm_medium=twitter |
Re: Governors Express Worry Over High Naira Exchange Rate by nicerichard05: 2:41pm On Jul 23, 2015 |
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Re: Governors Express Worry Over High Naira Exchange Rate by Tallesty1(m): 2:43pm On Jul 23, 2015 |
Okay |
(1) (Reply)
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