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Buhari’s Economic Policies, Height Of Foolishness - Financial Times by Nobody: 10:44pm On Oct 07, 2016 |
The Financial Times UK has described the economic policies of the President Muhammadu Buhari administration as the ‘height of foolishness’. The leading international business publication in an article by Steve Johnson, the deputy editor of the Financial Times, said the economic policies of the Buhari administration is doomed to fail because it is tailored after Venezuela’s exchange rate policy and China’s failed equity market strategy. The article faulted the circuit breaker on the Nigerian stock exchange which pauses trading for 30 minutes if stock prices fall 5 per cent and will cease for the day if it is triggered twice in a session, or after 1.45pm. https://thewhistler.ng/story/buhari-s-economic-policies-height-of-foolishness-financial-times |
Re: Buhari’s Economic Policies, Height Of Foolishness - Financial Times by TPAND(f): 10:48pm On Oct 07, 2016 |
Buhari is using scope scope to empower his brothers who are the merchants of money exchange in Nigeria. We know |
Re: Buhari’s Economic Policies, Height Of Foolishness - Financial Times by Sibrah: 10:57pm On Oct 07, 2016 |
Alot of opinion attacking Buhari where they have no business attacking him. The policies failed largely due to weak institution. The banks for example, were suppose to sell forex alotted to them by CBN(FG) at a certain rate to certain group but they diverted it to other group of people for a higher value and CBN wasn't strong enough(too weak) to correct it. The govt has no business subsidizing dollar for importers whose activities weaken our currency and promote capital flight among others. 1 Like |
Re: Buhari’s Economic Policies, Height Of Foolishness - Financial Times by yeyeboi(m): 11:13pm On Oct 07, 2016 |
Kai |
Re: Buhari’s Economic Policies, Height Of Foolishness - Financial Times by StepTwo: 11:30pm On Oct 07, 2016 |
lol! and Buhari and Madam Kemi Parodi Adeosun think they have the best economic policies, even better than the US, China and India. |
Re: Buhari’s Economic Policies, Height Of Foolishness - Financial Times by micfoley: 12:36am On Oct 08, 2016 |
Kai. See finishing. But Op this article is dated Jan/ Feb 2016 |
Re: Buhari’s Economic Policies, Height Of Foolishness - Financial Times by Nobody: 2:29am On Oct 08, 2016 |
na wa oooh |
Re: Buhari’s Economic Policies, Height Of Foolishness - Financial Times by Nobody: 2:46am On Oct 08, 2016 |
Sibrah:if the government is not strong enough to police who commercial banks sell $ to, they might as well stop selling them. Are they not supposed to know that? |
Re: Buhari’s Economic Policies, Height Of Foolishness - Financial Times by Sibrah: 2:15pm On Oct 08, 2016 |
blueseacats:It is all about politician doing what is politically right for their interest. This practise of subsidized dollar ending up in the wrong hands has been there for ages and every single govt knows it but they prefer to keep the subsidy alive in order to give you and I the impression Naira is stable. |
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