The economy under Jonathan wasn’t as bad as it is today, says Sanusi
hopefornigeriaonline.com Oct 24, 2017 1:00 PM
Sanusi who expressed worries over the manner in which the current administration manages the nation's economy, said it is unfortunate that the Federal Government seem to have taken over the CBN, instead of allowing it to function independently.
He said, “The CBN-FGN relationship is no longer independent. In fact, one could argue their relationship has become unhealthy,” he said.

The former CBN Governor also revealed that CBN’s lending to the government since Buhari came in had spiked from about N1.5 trillion to over N4.5 trillion.

He said, “CBN claims on the FGN now tops N4.7 trillion — equal to almost 50% of the FGN’s total domestic debt. This is a clear violation of the Central Bank Act of 2007 (Section 38.2) which caps advances to the FGN at 5% of last year’s revenues. Has CBN become the government’s lender of last or first resort?” He questioned.

Speaking further he said, “the problem of the current government is not having the right policies to fix the current economic woes. The past government under which I served as the CBN Governor, had its own problems, but the current government is far from getting it right”.

Incompetent Government

click like if you think buhari is the clueless ineffectual buffoon click share if you think otherwise

Okay

No be me talk am ooo....

Make no mistake Buharis govt is the worst govt ever and I just pray Nigeria can survive the damage he has inflicted so far because the last one he caused in 1984 took almost 30 years to try to even fix

E good as him brother Don talk am... Buhari I fit strangle u if I catch u

Only buharideens who will suffer and smile won't,acknowledge that Buhari's govt is an affliction on nigeria.

After he has strangled the economy of the nation Even the corruption he is fighting his doing it alone

mynd44 if you don't report here now consider your job terminated

This is why they can't face Ecowas' Single Currency.

Cluelessness plus senselessness multiplied by tyranny eqaul to recession. Am right??