President Buhari won't devalue the Naira #money

Speaking at the just concluded Business for Africa, Egypt and the World Forum held in Egypt yesterday February 20th, President Buhari said

"Developed countries are competing among themselves and when they devalue they compete better and manufacture and export more. But we are not competing and exporting but importing everything including toothpicks.
So, why should we devalue our currency? We want to be more productive and self-sufficient in food and other basic things such as clothing. For our government, we like to encourage local production and efficiency.”he said