PMB says he won't devalue the Naira

While talking at the just finished Business for Africa, Egypt and the World Forum held in Egypt Saturday February 20th, 2016, President Buhari restated his position against the devaluing of the Naira

"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

He further stated that those who have established perception for foreign luxury goods should continue to pay for them instead of forcing the government to devalue the Naira