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Nairaland Forum / Nairaland / General / Politics / If Jonathan Had Won 2015 (1842 Views)
Nigeria Won't Have Survived If GEJ Had Won 2015 Presidential Election – Soyinka / If GEJ Had Won I Don't Think The Economy Will Be This Worse. / If Jonathan Had Defeated Buhari, SEE What Could Have Happened (2) (3) (4)
Re: If Jonathan Had Won 2015 by kayfra: 2:43pm On Feb 12, 2016 |
grandstar: I don't understand you. If the CBN governor under GEJ's post 2015 government did not put restrictions on forex, the fate of naira would have gone potentially worse. There is nothing GEJ or any human being would have done to fix the fundamental problem which is how to replace the forex we earn from high crude prices. |
Re: If Jonathan Had Won 2015 by grandstar(m): 2:46pm On Feb 12, 2016 |
chinchum: Venezuela is running out of forex because its economic policies are more quacker than Nigeria. If the exchange rate is properly priced (which at present it is not), the country can never ever run out of forex. This is not the first time the price of oil is around $20. It was like that before yet people even used to receive their Western Union in dollars. Buhari's incompetent handling of crisis is annoying. Devaluations are not only done to boost exports Devaluations at times is like inflation. If a product is supposed to rise to 120 from 100, and the government commands it should not, a scarcity will appear because sellers will not sell at a loss. Yes, the N20 increase may not be liked, but the alternative is worse. Buhari's refusal to devalue has sent the naira crashing to 323 at the black mrket! How dumb 2 Likes |
See Portions Of The Road The President Will Miss Commissioning In Lagos Tomorrow / Proposed Dialogue With FG: MEND Lists Conditions For NDA's Participation / Why I Excluded Private Sector Players In Economic Team – Buhari
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