Anyaoku Endorses President Buhari’s Non-devaluation Of Naira Stance

Photo credit to PATRICK KOVARIK/AFP/Getty Images
Photo credit to PATRICK KOVARIK/AFP/Getty Images

Chief Emeka Anyaoku, a former Secretary-General of the Commonwealth, yesterday at the book presentation of Ambassador Olusola Sanu’s memoirs “Audacity on the Bound: A Diplomatic Odyssey”, at the Kankanfo Inn and Conference Centre, Ibadan, Oyo State endorsed President Muhammed Buhari’s stand against the devaluation of the naira.
He advised the president to be firm on his stance and called on the President to assemble a team of economic expert on the issue. He also argued Nigerian leaders spent more than half of their budget on the non-productive sector of the economy.
He said, “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 economists to advise him on how to approach Nigeria’s current economic crisis.”
He said, “The new generation of politicians have exploited the presidential system to operate a system that is a drain on the treasury. It is hard to believe that we now operate a system where we now have more than 3,000 advisers at the federal, state and local government levels”.

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Anyaoku praised Sanu’s memoirs, he said Nigeria’s diplomacy would be richer if experienced and retired diplomats wrote their memoirs. From the crux of such memoirs, there will be no dearth of information on the country’s diplomatic effort . He said, “” there is a high level of ignorance in South Africa about Nigeria’s support for the country’s anti-apartheid struggle. This ignorance broadly explains in part the reason for xenophobia in some parts of the (Southern African) country”.
Anyaoku added, “We can save ourselves from the embarrassment only if our diplomats who took part in the anti-apartheid struggle write their memoirs”. Anyaoku eulogies Sanu’s memoirs, “His (Sanu) brilliance was not unexpected because he had educational background in two of the world’s best institutions. His intellectual background was certainly one of the reasons for the outstanding success of his diplomatic policies.”

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