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1 DOLLAR = 1 NAIRA: Buhari Approves An Exchange Rate Of N160 To $1 - Politics - Nairaland

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I Was Overthrown In 1984 For Refusing To Devalue The Naira – Buhari / Blame IBB For The Weak Naira-buhari / 1 Dollar = 1 Naira: Buhari Approves An Exchange Rate Of N160 To $1 (2) (3) (4)

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1 DOLLAR = 1 NAIRA: Buhari Approves An Exchange Rate Of N160 To $1 by yahrant140(m): 6:35pm On Jul 31, 2015
I DIDN’T vote for President Muhammadu Buhari in the last election, though I know that Nigeria needed change. I just disagreed with the change agent due to reasons I have explained in various write-ups in the lead up to the election. I didn’t vote for Jonathan either; the PDP as was constituted and operated just wasn’t a Party I could even consider for anything. In the end, I voted for one of the lesser known Parties.
But Buhari it is. The majority vote will always prevail and that is respected here without any equivocation. So we move on.
As we move on however, it is becoming a struggle not to be uncomfortable in the way things have unfolded and in the way they are playing out. Some of the reservations expressed by some of us are now rearing their ugly heads. Contrary to his inauguration speech, and contrary to reasonable, logical expectations, Buhari hasn’t put a fully functional government in place. This is already the end of July.
As we say around here, nothing spoil. The only harm I saw were incompetent governors (who are unable to manage quite sizable resources) dancing around the President, taking advantage, and getting off easy. The mound of flip flops and reversal of official pronouncements have only meant a slight loss of face; nothing major.
However, I began to panic when I read a news report that Buhari has approved an exchange rate of N160 to $1 for Christian pilgrims. This report was publicised widely and with plenty of fanfare.
To me, it is another indication that the President sorely needs all the help he can get. He needs technical advisers and a seasoned cabinet like a fish needs water.
But the President has already and unwittingly set up his eventual Ministers for failure. They can’t win. Expectations are just too high now. Ministers would still have to be Nigerians, working in Nigeria. The current perception is that Buhari is searching for the best of the very best – folks with no blemishes at all but blessed with superpowers. Optimal performance bothering on miracles would be expected from these Ministers and other appointed government functionaries. How could anyone go into a job like that? It is unrealistic and quite unfair.
All the same, I am becoming increasingly convinced that the President created this governance lacuna in order for him to have unfettered, unchallenged (dictatorial, if you will) shot at managing the country for a while before Ministers, Advisers and other technical and legal people are brought in and begin to rein-in some of his more impulsive and autocratic tendencies.
It seems to me that Buhari wants to get in a few military-style diktats, strong-arm a few people before settling down to normal democratic governance. Because, so far, the only things on the table are hunting down people, dire innuendos and promises of persecution.
As has been whispered all along, the President has finally confirmed that he intends to probe just Jonathan’s government. It is only that government that is corrupt in Nigeria’s recent history. Obasanjo is living large. The bribes from the Halliburton scandal are the major stakeholders in Nigeria’s present day change project. Even the scions of Abacha are running loose, obscenely flaunting stolen wealth. No problem with that. No investigations.Now tell me; how are certain sections of this country supposed to feel? Does this not seem like the start of marginalisationand dehumanisation of the usual suspects all over again?

cc: lalasticals ishilove .
Re: 1 DOLLAR = 1 NAIRA: Buhari Approves An Exchange Rate Of N160 To $1 by Nobody: 6:40pm On Jul 31, 2015
huh


I'm just here to take my FTC award home. No time for autographs, sorry fans cool
Re: 1 DOLLAR = 1 NAIRA: Buhari Approves An Exchange Rate Of N160 To $1 by kamair237(m): 7:07pm On Jul 31, 2015
Hmmmm.....!!!
Op ohhh....
Op ohhhh....

if u don't like him go and die... He will be derr for 8yrs....dis is just 2months....

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