There will be transition difficulties, but the PMB administration MUST stay this anti-corruption course, make it more pointed and pungent, and use the monies deployed RAPIDLY - not return it to the Federation account just like that....
Anyway, read the write-up below...I agree with "no naira float"....
And there you have it.
On Sat, Apr 22, 2017 at 6:31 PM, Joe Attueyi <email@example.com> wrote:
Joe Attueyi:You have been a little quiet, as I have, perhaps mesmerized by all the huge monies recovered from bunkers, banks and apartments in Nigeria lately? How can a country truly survive with such UNBELIEVABLE money being tied up idly all over the place?Prof AlukoAnd there I was thinking you had gone quiet because of the reasons other Buharists and Buharideens had done so!!!😎🏃🏿🏃🏿🏃🏿🏃🏿🏃🏿🏃🏿Btw not 'relitigate' that particular debate the folks who stored their loots in $ already have dollars and those who stole Naira are converting their Naira into dollars at CBN artificially fixed exchange rate. We are now using our reserves to subsidize those who stole our Naira.Odikwa egwu!!!Joe
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On 22 Apr 2017, at 5:55 PM, Mobolaji Aluko <firstname.lastname@example.org> wrote:(2) faithfully executing its recently-announced 2017-2020 ERGP Economic Recovery and Growth Program. Sixty interventions may be too many, but if in the areas of(1) continuing more holisticially the ANTI-CORRUPTION fight, for the serious misappropriation of funds in Nigeria saps the country of its ability to adequately address our myriad infrastructural and socio-economic problems that are emblematic of a developing country.Joe Attueyi:You have been a little quiet, as I have, perhaps mesmerized by all the huge monies recovered from bunkers, banks and apartments in Nigeria lately? How can a country truly survive with such UNBELIEVABLE money being tied up idly all over the place? As a person who has earned his salary in dollars for most of my life - and knowing that in all such years (since 1979, 38 years in all), I have not earned more than $1.9 million TOTAL - I cannot wrap my mind around $9 million, $33 million or $44 million in BUNDLES or in BANKS found for ONE PERSON!This is why your orthodox mouthings of letting supply and demand determine the true value of the naira relative to the dollar cannot hold water in Nigeria...these fraudsters will just be smiling to the bank........You cannot determine the TRUE value of any commodity in a FAKE market.....Moving on....Now you asked: "Just for my education,What SPECIFIC policies are you referring to?I will let Kayode answer his own, but on my part - and for your education - the specific policies should be: Stabilizing the macroeconomic environment Achieving agriculture and food security Ensuring energy sufficiency (power and petroleum products) Improving transportation infrastructure Driving industrialization focusing on Small and Medium Scale Enterprisesanywhere from three to five critical steps are taken, particularly on power and low credit cost to SMSEs - and talent, treasure and time are adequately deployed - Nigeria will begin to get out of its woods fast enough.It is not exactly rocket science.And there you have it.Bolaji AlukoOn Sat, Apr 22, 2017 at 4:47 PM, Joe Attueyi <email@example.com> wrote:.... but it will take some time before the new policies and diversification of the economy to start having effects that would turn the economy around.Kayode
Just for my education,What SPECIFIC policies are you referring to?Joe
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On 22 Apr 2017, at 4:31 PM, Kayode Adebayo <firstname.lastname@example.org> wrote:Johnson:And I'm not suggesting here that Nigeria's economic recovery will take 6 years, but it will take some time before the new policies and diversification of the economy to start having effects that would turn the economy around.That is just the way it works.Kayode
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