Naira /Lagos
Federal Government’s resolve to retain the
naira value against the dollar. The naira currently exchanges for N197 to the dollar at the official market.
Vice President Yemi Osinbajo said
yesterday that devaluation is not the appropriate option under the
prevailing economic realities.
Many experts, including former Central
Bank of Nigeria (CBN) governor and Emir of Kano Muhammad Sanusi II have
been advocating devaluation of the currency.
According to Sanusi, the “current value of the naira is unsustainable”.
culled from The Nation
Lagos State Governor, Mr. Akinwunmi Ambode, on Thursday released the
policy direction of his administration for the next three and half
years, just as he appealed for the support and cooperation of all
Lagosians in moving the state forward.
The governor who spoke at the inaugural retreat organised by the state
government for Commissioners, Special Advisers and body of permanent
secretaries in the state, expressed deep concern over the persistent
traffic gridlock in the metropolis, and the increase in spate of
robberies.
He said in the interim, he has directed the fixing of all potholes to
ease vehicular movement, just as security agencies have been mandated to
enforce the ban on commercial motorcycle operators popularly called
Okada riders on highways noting that aside the risks of accidents, such
can also be a security threat to the people.
Governor Ambode, who said the government is also working hard to
restrict street hawking, urged the people to stop patronising them, so
as to discourage street traders from the highways.
culled from This Day
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