Today, Fillippo Amato, Counsellor, Head of Trade and Economics Section of EU, explained that recession could not be addressed with traditional development tools.
He said the recession was a recent development which was due to a number of factors, including the fall in oil prices and resurgence of militancy in the Niger Delta.
He said,
“To come out of recession, the country has to take brave decisions, regardless of how unpopular they may be such as fully and effectively devaluing the Naira.
Devaluing the Naira is a measure, which will finally reassure investors and attract new capitals to the country. At the same time, it will further reduce imports, thereby removing artificial forex restrictions, and removing any potential waste of scarce resources such as the fuel subsidy.”
Smh
Good
i reject it,will never devalue naira
No to that……#itsGENERAL
Oh d naira never devalue b4? I beg park well d naira don devalue itself no advise us again. Go market joor
That kind advice sef!
Our President will devalue it sharp sharp, am very sure of that
Seems some people don’t know the meaning of devalue ooooo
Cause wat I’m reading here #SMH.
Hahaha
Meaning please?
Is it valuable before pls don’t add salt to our injury
Yes let it be over-devalued because it is none of our business.
We gays are paid in U$D and €uros….or Rands……therefore naira is not a currency.
Let all nigerians accept gay marriage and be saved outta Economic Recession because there is no Recessions in gay-society around the 36states.
We gays have ensured the well-being of every member of us.
Proudly gays
U ar sick
Sick asshole
Bastard ignoramus
Please who is this fool what has economy recession got to do with been gay agent of the devil that’s what you are
We gays are saving Nigeria from economic downfalls
we brought dollars into Nigeria
You need jesus in your life.. Accept him today and be saved
U should hide your head in shame, i really pity your parents, thinking they have a son. it’s a pity.
This is not an advise is a mockery but God will deliver Nigeria soon
lol how can you devalue something which is already devalued after already being devalued
Ask them bros
Naira is already worthless so there’s absolutely nothing to devalue
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