President Muhammadu Buhari has said some of those who looted public funds are co-operating by voluntarily providing useful information while investigations and prosecutions are ongoing.
The president also reiterated his opposition to the devaluation of the naira, saying Nigeria cannot compete with developed nations with devaluation.
Mr President said: “Developed countries are competing among themselves and when they devalue they compete better and manufacture and export more.
But we are not competing and exporting but importing everything including toothpicks. So, why should we devalue our currency?”
He said this at Sharm El-Sheikh, Egypt, on Saturday while contributing to a presidential round table panel on Investment and Growth Opportunities at the opening session of the “Africa 2016″.
President Buhari told the forum that there was no basis for Nigeria to devalue her currency as the country was neither competing nor exporting, but importing virtually everything.
uhari also stated that those who had developed taste for foreign luxury goods should continue to pay for them rather than pressure his administration to devalue the naira.
President Muhammadu Buhari said the priority of his administration was to ensure national food security before export of food products.
“We want to be more productive and self-sufficient in food and other basic things such as clothing. For our government, we like to encourage local production and efficiency”, he stated.
According to him, Nigeria, being a mono-economy dependent on oil, and with a teeming unemployed youth population, the way-out of the current slump in the global oil market is for his government to focus on agriculture and solid minerals development.
“The land is there and we need machinery inputs, fertiliser and insecticides… The message on corruption has been driven home vividly and Nigerians are very acceptable to the message,” he said.
Happened now at Tejuosho Market in Lagos.
This lady claimed that the man touched her inappropriately and while she was trying to reprimand him, he slapped her for speaking against what he did and the next thing that she did was to look for a bottle and break his head.
If not for the swift intervention of passers-by, it would have escalated into something more violent as the guy was bent on revenge and he swore heaven and hell to annihilate the lady. He claimed he was only trying to sell a product to her.
Has the lady acted wrong??
See more photos below:-
The Ugandan Presidential election is over and Yoweri Museveni declared winner. But long before that, a Ugandan policeman was pictured running away with ballot boxes when people were still voting on the day of election.
Johns Hopkins Hospital, which is best known for its innovative surgery, such as implanting the first defibrillator in a human heart or being the first to separate twins who were joined at the head, will take on its most notable surgery yet. This year, the hospital will perform the first U.S. penis transplant on a former U.S. soldier who was wounded in the Afghanistan war.
A lucky bidder went home withJohn Lennon's hair which he bought at an auction block.
The Independent National Election Commission, INEC, has declared former Senate President,David Mark,as the winner of the February 20 Benue South Senatorial District Re-run election.
Markpolled a total of 84, 192 while his main challenger,Daniel Onjehhad 71, 621 votes. Mark won in five local government areas while Onjeh won in four.
The result was declared byProf.Ishaku Enigi.
American retired professional box Floyd Mayweather shared a photo of himself flaunting Thousands of Dollars in a Private Jet. What's the Exchange rate again? Lol