ANAN Warns Against Further Devaluation Of Naira

The Association of National Accountants of Nigeria (ANAN), has advised the Federal Government not to further devalue the naira.

President of the association, Mr Anthony Nzom, said this at the end of the “ANAN Walk Against Corruption for a Healthier Economy and Longevity,” which over 2,000 members of the association participated in.

He spoke against the backdrop of ongoing arguments and counter -arguments on the fate of the naira

“We have to be careful about further devaluation of the naira and be careful when people outside the country encourage us to do certain things.

“Further devaluation of the naira is in the interest of who?” he asked.

Nzom recalled that in the 1990s, the naira was exchanging at N80 to a dollar, and lamented that today, the naira had been further devalued.

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 did 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 said.

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