VP Osinbanjo says devaluation of Naira is not an option

Vice president, Yemi Osinbajo yesterday said that further devaluation of Naira was not an option to solve the current economic down turn in the country. He talked about the Federal government's plan to set up a $25billion Infrastructural Fund which would be sourced from local and international sources including Nigeria’s Sovereign Wealth Fund. the Ambassadors of Italy Mr. Fulvio Rustico and the Canadian High Commissioner in Nigeria Mr. Perry John Calderwood in his office at the presidential villa, Abuja. He said: “I don’t agree on devaluation and it is not that I am doctrinaire .