Brothers, Sisters and Esteemed Intellectuals of USA/Africa Dialogue:
My 17-year old son, who is doing a high school project on Nigeria's oil revenues, saw the information below about the 2 Billion Naira home being built for Vice-President Sambo of Nigeria. He was so surprised that he showed it to me. Brothers, Sisters and Esteemed Intellectuals, what does this mean to the Nigerian economy? is it true that Nigeria's Naira currency is so depreciated that 2 Billion Naira today is nothing? Please, help me to understand this situation in the context of Nigeria's prevailing economy.
A.B. Assensoh, Oregon.
| Vice President Namadi Sambo To Get A N2billion Home by razznaija(f): 5:56am On Dec 05, 2012 |
 Our Vice President is getting a home worth N2 billion from the government of Nigeria. There's a N50bn budget for the Federal Capital Territory and N2bn, according to the FCT Minister Bala Mohammed, is going into the construction of the official residence of Vice President Namadi Sambo, while N300 million is for the construction of the official residences of Senate president David Mark and his deputy, Ike Ekweremadu; the Speaker, Aminu Tambuwal; and his deputy, Emeka Ihedioha. From Lindaikeji.blogspot.com |
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