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.” Click to signup for FREE news updates, latest information and hottest gists everyday
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We are still waiting for Buharia promise to make 1 Naira equal to $1......Useless people
ReplyDeleteHahahahahahaha can't help but laugh, it's easier to criticise a president than actually being one. God will help us, but then Buhari is not the messiah.
ReplyDeleteWhere is stupid Mr change Buhari ? Talk for mouth only ....
ReplyDeleteWhere is stupid Mr change Buhari ? Talk for mouth only ....
ReplyDeleteLet the 'Ostrich' posture continue, as everybody suddenly becomes unconcerned about public interests. Nothing about the northeastern killings of boko haram until enough deaths. Propagandists per excellence.
ReplyDeleteThank you my bro/sis, they are as stupid as the Jonadaft. So you all are waiting for change pretending to be blind to the amount of damage your stupid otuoke fisherman has caused.
ReplyDeleteGEJ made the economy the highest in Africa,something that has never happened in the history of Nigeria...Stop giving excuses for your flop old man administration,he has nothing to offer.I am quite sure that before 2019,South Africa will bounce back as African biggest economy again..He has done nothing since he became president,he has been busy flying around thinking the westerners are gonna help him to rule Nigeria. Tell him they are not gonna help him instead,they will create more confusion for him bcos he is already confused not knowing where to start
ReplyDeleteThere is a global financial melt down that has already affected many countries including china, Greece , france, and the united states.
ReplyDeleteThis will also affect nigeria and everyone should brace up for the Buhari's structural adjustment programme...the forex rate could hit $1 to N1000 or more...