A former secretary-general of the commonwealth, Chief Emeka Anyaoku, has endorsed President Muhammadu Buhari’s stand against the devaluation of the naira.
Anyaoku said this at an event where he chaired the presentation of the memoir of Ambassador Olu Sanusi.
He said that Nigerian leaders spent more than half of their budget on the non-productive sector of the economy.
Anyaoku called on Buhari to maintain his stance and assemble a team of economic experts on the issue.
“A case has not been convincingly made that the devaluation of our naira in our present circumstance will truly serve Nigeria’s national interest.
“President Muhammadu Buhari should, in my view, stick to his anti-devaluation position but he should also urgently appoint a team of knowledgeable expert economists to advise him on how to approach Nigeria’s current economic crisis” , he said.