All Progressives Congress (APC) has critised devaluation of naira and described the development as not healthy for Nigeria’s economy. The National Publicity Secretary of APC, Alhaji Lai Mohammed, on Wednesday in Abuja told newsmen that the devaluation of currency had its implications on the people and the economy. “When the currency is devalued, it is the worst thing that can happen to any nation. “All it means for a country like ours, which is import dependent, is that more naira will be needed to buy raw materials and machines. “It also means that very soon, cost of living will go up,’’ Mohammed said. Mohammed said that the party had always warned government about the implication of its economic policies. - See more at: abujavoice/apc-criticises-devaluation-of-naira/#sthash.S4TMjg1x.dpuf
Posted on: Thu, 27 Nov 2014 23:34:14 +0000
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