State House Nigeria

State House Nigeria

[Garba Shehu @GarShehu]

...with the efficient implementation of measures and policies that have been introduced by his administration.

[Garba Shehu @GarShehu]

President Buhari said that he was optimistic that the Nigerian economy will stabilize soon...

[Garba Shehu @GarShehu]

"They just stamped papers and collected our foreign exchange," -PMB

[Garba Shehu @GarShehu]

President @MBuhari reaffirmed his conviction that about a third of petroleum subsidy payments under the previous administration was bogus.

[Garba Shehu @GarShehu]

"We don't have the Dollars to give to the BDCs. Let them go and get it from wherever they can, other than the Central Bank" Pres. @MBuhari

[Garba Shehu @GarShehu]

"We will use our foreign exchange for industry, spare parts and the development of needed infrastructure." -President @MBuhari

[Garba Shehu @GarShehu]

...by obtaining foreign exchange from government at official rates and selling it at much higher rates.

[Garba Shehu @GarShehu]

President Buhari alleged that some bank and government officials used surrogates to run the BDCs and prosper at public expense...

[Garba Shehu @GarShehu]

"We had just 74 of the bureaux in 2005, now they have grown to about 2,800," President @MBuhari

[Garba Shehu @GarShehu]

...saying that the Bureau de Change business had become a scam and a drain on the economy.

[Garba Shehu @GarShehu]

President @MBuhari also rejected suggestions that the CBN should resume the sale of foreign exchange to Bureaux de Change (BDCs),...

[Garba Shehu @GarShehu]

PMB said that proponents of devaluation will have to work much harder to convince him that ordinary Nigerians will gain anything from it.

[State House Nigeria @StateHouseNGR]

STATE HOUSE PRESS RELEASE:

President @MBuhari rejects devaluation, says "I won't kill the Naira" https://t.co/yJInjptaP7

[Garba Shehu @GarShehu]

"We must take the battle to the terrorists whoever they are and wherever they are." -President @MBuhari https://t.co/k5Saod8Kzz

[Garba Shehu @GarShehu]

"We must act with greater vigour against extremist ideologies and terrorism" -President @MBuhari