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Stop Blaming Buhari for Economic Woes – Monarch


The traditional ruler of Nri in Anaocha Local Government Area of Anambra, Eze Obidiegwu Onyesoh, has asked Nigerians to carry out self appraisal and stop blaming President Muhammad Buhari for the nation’s economic woes, saying every Nigerian contributed one way or the other to the present challenges.
This call came as the Naira depreciated further against the Dollar, Friday.
Onyesoh, who made the call on Friday while addressing newsmen ahead of Saturday’s celebration of 2016 new yam festival in the kingdom, stated that all Nigerians, especially the past leaders, contributed to the country’s problem.
“Buhari is not our headache; corruption and looting of national assets were there before he came in.
“Corruption was institutionalised in the country and everybody acted with impunity.
“There was no discipline anywhere. So, we should stop blaming Buhari; rather, we should blame ourselves and do some self-examination,” he said.
Onyesoh urged the people to allow Buhari to reconstruct the country which was already in shambles before his election.
Meanwhile, the Naira on Friday depreciated in most major segments of the foreign exchange market.
The Nigerian currency fell by N2.24 to exchange at N308.69 to the dollar at the interbank market, from N306.93 recorded on Thursday.
At the Bureau De Change it closed at N420 to the Dollar, N550 to the Pound Sterling and N465 against the Euro.
At the parallel market, naira lost N2 to close at N425 against the Dollar from N423 it traded on Thursday, while it exchanged at N545 and N470 against the Pound Sterling and the Euro, respectively.
Traders at the market said that in spite of the reduction in the rush for the greenback to meet up school fees payment, the naira continued to depreciate.
They said that the demand for Dollars for importation far outstripped its supply.

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