Showing posts with label free fall. Show all posts
Showing posts with label free fall. Show all posts

Friday, March 20, 2015

Buhari vows to stop naira’s free fall

Gen. Mohammadu Buhari: promises to restore Naira's glory against dollars
The Presidential Candidate of the All Progressives Congress, APC, General Muhammadu Buhari has pledged to stabilise the exchange rate to boost the nation’s economy if voted into power.

Speaking at a Town Hall meeting with artisans and tradesmen held at the Lagos Television Ground in Ikeja, Lagos, southwest Nigeria, on Thursday, Buhari said the devaluation of the naira had greatly affected business activities in the country.

“We will stabilise the exchange rate so that entrepreneurs will have cheaper operating cost. This will afford them the opportunity to purchase raw material for their business easily. We will ensure that they have the ability to build factory, employ youths and others. This is common sense.