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ANAN advises against further naira devaluation

By on October 31, 2015

The President of the Association of National Accountants of Nigeria (ANAN), Mr. Anthony Nzom, has advised the federal government not to further devalue the naira.

Nzom said this after what was termed “ANAN Walk Against Corruption for a Healthier Economy and Longevity,’’by more than 2,000 members of the association.

“We have to be careful about further devaluation of the naira and be careful when people outside the country are encouraging us to do certain things. Further devaluation of the naira in the interest of who? ’’ he asked.

Nzom noted that that in the 1990s the naira was exchange rate against the dollar was N80 to a dollar, saying that the naira has significantly depreciated since then.
He suggested that to fight corruption, no Nigerian should have a foreign account, adding that there should be no undergraduate studies abroad.

On the Treasury Single Account (TSA), the ANAN president said those giving excuses about the TSA do not want to accept change.

“Change is the only thing people do not accept. People want to see if government will soft-pedal. These are people with hidden accounts here and there,’’ he was quoted to have said in a statement.

According to him, “the TSA does not stop agencies from paying salaries. Let us see how, when and who the monies are going to. I support what the government is doing.’’

He said President Muhammadu Buhari cannot fight corruption alone, adding that everybody should be involved.

The ANAN president also called for a reduction in importation of foods, saying that Nigeria was blessed with various foods.

He also stressed the need for the elimination of tribal differences, adding people could use such attitude to corner the financial resources of the nation.

 

[ThisDay]