Governors express worry over high Naira exchange rate

Nigerian governors have expressed worry over the high exchange rate of Naira to other foreign currencies.

They have therefore said this and other issues would be discussed with President Muhammadu Buhari in Abuja on Thursday.

This was one of the resolutions arrived at by the governors after their meeting in Abuja on Wednesday night.

The meeting, which ended in the early hours of Thursday, was attended by majority of the governors.

Chairman of the Nigeria Governors Forum, who is also the Governor of Zamafara State, Alhaji Abdullaziz Yari, read the communique of the meeting to journalists.

It was gathered that Naira is being exchanged for about 243 to a dollar at parallel market.

Yari said, “We are going to discuss with Mr. President to seek lasting solutions to the worsening macroeconomic challenges confronting the nation, especially on foreign exchange stability.