Nigeria's Buhari Rejects Devaluation, `Won't Kill' the Naira
- Devaluation will only cause hardship for poor, says spokesman
- Critics need to 'work much harder' to change president's mind
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Nigeria’s President Muhammadu Buhari stood firm in rejecting calls to devalue the currency of Africa’s top oil producer, saying that he wouldn’t “kill the naira.”
Letting the currency fall would only result in higher inflation and cause hardship for poor- and middle-class Nigerians, Buhari said, according to an e-mailed statement from his spokesman Garba Shehu on Thursday.