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President Was Deceived On N5,000 Note – Rep - Politics - Nairaland

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See What This Oyinbo Tweeted About Nigeria While The President Was In USA (foto) / No Plan To Go Back On N5,000 Allowance To Jobless Youths – APC Insists / Introduction Of N5,000 Note: Nigerians Are Wasting Their Time – Sanusi Lamido (2) (3) (4)

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President Was Deceived On N5,000 Note – Rep by Mannylex(m): 7:20am On Sep 26, 2012
President was deceived on N5,000 note – Rep
September 26, 2012 by Segun Olatunji, Abeokuta


A member of the House of Representatives, Taofeek Buraimo, on Tuesday, said President Goodluck Jonathan was misled by his aides on the proposed N5,000 currency.

Buraimo, representing Remo Federal Constituency on the platform of the Action Congress of Nigeria, also declared that the Minister of Finance, Dr. Ngozi Okonjo-Iweala, and the Central Bank of Nigeria Governor, Lamido Sanusi, were out of tune with the reality of the Nigerian economy.

Speaking with newsmen in Sagamu after a meeting with ACN leaders in the area on his proposed N250m constituency projects, Buraimo said Jonathan erred by allowing the CBN governor to mislead him into endorsing such “an economically unsound action.”

He said, “Honestly, the President just acted cowardly because everybody knew that we were talking about a cashless society and now, you were introducing the use of N5,000 notes, for what purpose?”

He noted that the understanding of the economy by the two top ranking officials of the Federal Government should be of a major concern to the citizenry.

The lawmaker said, “I always say that for the likes of Sanusi and Okonjo-Iweala; it’s not about where you have studied or that you have been at the World Bank. Nigeria is a different society; we need people that know what is wrong with their own people before they can be managed.”




http://www.punchng.com/news/president-was-deceived-on-n5000-note-rep/
Re: President Was Deceived On N5,000 Note – Rep by Callotti: 7:41am On Sep 26, 2012
OK.
Now let's hear from the horse's mouth.
Jonathan. . . .you have the floor.
Re: President Was Deceived On N5,000 Note – Rep by mrmofasa(m): 7:50am On Sep 26, 2012
Even the shoemaker on the street knew that inflation would follow but Retardeen did not.

Out of touch with the reality of the economy? I bet he's out of touch with Nigeria sef.

Ladies and Gentlemen, our president lives in a self-created bubble.

@Callotti That man is in NYC. He no get time.

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Re: President Was Deceived On N5,000 Note – Rep by Biggyd2: 7:51am On Sep 26, 2012
Yes, he was! Tell that to the birds.
Re: President Was Deceived On N5,000 Note – Rep by onatisi(m): 8:51am On Sep 26, 2012
story story
Re: President Was Deceived On N5,000 Note – Rep by Demdem(m): 9:08am On Sep 26, 2012
Mannylex:
The lawmaker said, “I always say that for the likes of Sanusi and Okonjo-Iweala; it’s not about where you have studied or that you have been at the World Bank. Nigeria is a different society; we need people that know what is wrong with their own people before they can be managed.”


The above is the icing on the cake. Because it worked elsewhere doesnt mean it will work here. At times i feel its a big mistake on our part to continue to make use of imported technocrats like Aganga, Ngozi etc to continue to run our economy. These guys simply dont understand the psyche of the people they are governing. Bookwise, the idea is cool but in reality things will go upside down.

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Re: President Was Deceived On N5,000 Note – Rep by Voned(f): 3:29pm On Sep 26, 2012
Confused president.

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