Governors to discuss worsening exchange rate with Buhari



The governors of the 36 states have resolved to discuss the worsening value of the naira with President Muhammadu Buhari at Friday’s National Economic Council meeting.

Rising from the Nigeria Governors’ Forum (NGF) meeting in the wee hours of Thursday, the governors expressed worry over the excessively high exchange rate of foreign currencies against the Naira.

The exchange rate stood at 247 Naira to a dollar at the parallel market as at Thursday.

In a communiqué read by the chairman of the NGF, Governor Abdulaziz Yari of Zamfara State, the governors lamented the adverse effects of the high exchange rate on the economy.

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.”

Yari also said the governors discussed health related issues, with the view to seeking areas of cooperation with the Federal Government on the implementation of the National Health Act.

“We will collaborate with the federal government to ensure that the National Health Act is operational and to agree on funding for primary health care to be provided for in the budget.

“Sequel to the 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,” Yari added.


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