President Muhammadu Buhari recently had an interview with Al Jazeera, where he addressed the issue of low oil prices, Biafra issue, Boko Haram and the devaluation of naira . “We were unable to diversify our economy, hence we are much more disadvantaged by the lower oil prices,” Buhari says. Watch the video below:
Buhari received an official welcome from the Qatar’s Emir on his latest trip of many to boost Nigeria’s standing abroad. The president is seeking support for his crackdown on corruption and to encourage much-needed investment in his country’s ailing economy.
Qatar is the current president of Organization of the Petroleum Exporting Countries (OPEC) and Nigeria is Africa’s largest oil producer.
Buhari tells us he values the institution of OPEC and that “Nigeria will make the necessary sacrifice to remain in OPEC.”
On the devaluation of naira: –
Buhari says he will not reconsider his insistence on freezing the currency. Buhari says as Nigeria “virtually imports everything, from rice to toothpicks”, it cannot afford to devalue its currency.
“If it is against our national interest, why can’t we go against the IMF advice?” Buhari asks.
On Boko Haram –
Buhari’s election campaign rode on pledges to root out corruption and quash the armed group Boko Haram. Yet, Boko Haram remains active in many areas of Nigeria, seemingly able to strike at will.
And many questions are being asked about whether Buhari’s anti-corruption drive is yielding results and if newer forms of corruption are emerging with a freeze on the naira.
President Buhari talks to Al Jazeera about his campaign against graft and why he is adamant he hasn’t failed in the fight against Boko Haram. He also explains why he believes the security of his country is best served by being part of the Saudi-led Islamic anti-terrorism coalition announced in December 2015.
Source: Al Jazeera