Northern Groups In battle With Osinbajo Over Naira Devaluation

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devaluation of the naira
Vice President Yemi Osinbajo... (google image)

Northern Groups under the Coalition of Northern Youth Groups (CNYG) have approached the Vice President, Yemi Osinbajo, to drop the thought for the devaluation of the naira and permit the Central Bank of Nigeria and other agencies to do what they can to help the economy.

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The group urged President Muhammadu Buhari to encourage the CBN Governor, Godwin Emefiele, not to devalue the naira, but rather make ways that would strengthen the naira against other currencies.

The group in a statement issued in Kaduna by Mallam Yusuf Amoke, the coalition convener,  warned that the policies may plunge Nigerians into further poverty. 

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 “We shall not allow anybody to use his or her office to project unpopular policies that will plunge Nigerians into further poverty; the one the masses are faced with is enough.

“Further devaluation of naira means more poverty, more insecurity, more restiveness, and more death in the land. We say no to the devaluation of the naira,” he said.

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