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Utomi: Buhari’s Rigid Stance on Devaluation Sent Wrong Signals t


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Utomi: Buhari’s Rigid Stance on Devaluation Sent Wrong Signals to Investors

An economist and policy analyst, Professor Pat Utomi, has said that President Muhammadu Buhari’s statements that he would not agree to devaluation of the naira sent wrong signal to would be investors.

 

Speaking at the Third Awomolo & Associates’ Annual Colloquium held in Abuja on on a theme, ‘Global Economy Beyond Oil: Challenges and Solutions; Nigeria in Focus’, Utomi said that as at the time when investors confidence in Nigeria had waned, the blame game adopted by the president did not help matters.

 

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