Nigeria’s Fight Against Boko Haram is the Major Cause of Nigarian Naira Devaluation as said by Nigeria’s Present President Muhammadu Buhari in his speech at egypt that he Would Not Reduce or Underestimate the Worth or Importance of The Naira.
He noted that this is another major problem that is increasing against economic revival is the huge resources deployed towards fighting insurgency and international terrorism of which one of them is the Boko Haram.
He, however, commended the support being received from the international community in the administration’s fight against terrorism as well as cooperation in tracing looted funds stashed away in foreign countries.
Responding to a question on his performance since he assumed office, the President said that his administration has been quite focused on three fundamental issues of securing the country, reviving the economy and stamping out corruption.
“The message on corruption has been driven home vividly and Nigerians are very acceptable to the message,” he said.
He added that those accused of stealing public funds are co-operating by voluntarily providing useful information while investigations and prosecutions are ongoing.
In his opening address at the Forum, the Egyptian President, Abdel-Fattah El-Sisi, said Africa needs to concentrate on transforming into knowledge societies using innovation and research.
The Presidents of Gabon, Equatorial Guinea, Sudan and the Prime Minister of Ethiopia also participated at the Roundtable.
In his opening message, the President of the African Development Bank, Akinwumi Adesina, said that “Africa must think big, act big and develop big.”
Before departing Egypt, Buhari and his Egyptian host, had a bilateral discussion on security, military cooperation, agriculture and solid minerals development in Nigeria.
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