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Nairaland Forum / Nairaland / General / Politics / Kemi Adeosun Poses With Ngozi Okonjo-Iweala (Photo) (42010 Views)
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Re: Kemi Adeosun Poses With Ngozi Okonjo-Iweala (Photo) by grandstar(m): 11:25pm On May 28, 2018 |
Newpride: The primary blame for the collapse of the economy and the recession lies at Buharis door. His uneconomic pegging of the currency at 197 to a $1 upon assumption of office in May 2015. Utomi, Soludo and Sanusi blamed the exchange controls for the severe artificial scarcity it created and the recession that resulted from companies deprived of Forex closing shop. Adeosun on the other hand is at worst unfit for the post or a lightweight at a time economy was in a downward spiral and needed the Mourinhos, the Zidanes, the Guardiolas of the economics world. A finance minister that wants to pump prime or reflate an economy facing stagflation isn't fit for the post. Stagflation is when your economy is stagnant and inflation is high. Pump priming is only applied to economies that are either stagnant or in recession or depression but are either suffering from deflation or very very low inflation. The reason why is that if money is pumped into the economy, it will not result to high inflation. The United States during the early years of the Obama administration used a mixture of massive spending and quantitative easing (another means of flooding the economy with cash) yet annual inflation never touched 2%. Nigeria's inflation was already in double digits or 10% or more. When the government started pumping money into the economy, inflation stated to rise fast. The CBN started mopping up the cash. |
Re: Kemi Adeosun Poses With Ngozi Okonjo-Iweala (Photo) by deomelo: 11:54pm On May 28, 2018 |
[s] HIGHESTPOPORI:[/s] What exactly did 16 years of PDP, okonjo and Jona do to better your life with the largest earnings in the history of Nigeria? Did they give you good roads, bridges, good healthcare, quality education, stable electricity, jobs, vibrant and diversified economy, good and functional refineries, petrochemical plants, iron and steel mills, hudge savings and foreign reserves and so on?
The same incompetent and overrated woman admitting how she failed and how useless Jona set us up to fail. I really don't need any ignorant rubbish from you Igbos, okonjo herself clearly explained Jona's failure and her own failure too. You people just need to keep quiet. |
Re: Kemi Adeosun Poses With Ngozi Okonjo-Iweala (Photo) by HIGHESTPOPORI(m): 7:20am On May 29, 2018 |
deomelo:The people are wiser |
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