The Federal Government of Nigeria has begun chopping down trees in the Federal Capital Territory of Abuja in a bid to defend the naira from decline.

According to Financial Times, the Buhari-led FG is cutting down trees lining the streets of Abuja to “thwart black market money changers, one of a range of unorthodox measures it is deploying to defend its weakening currency”.

A labourer hired by the Abuja Municipal Council to cut down the trees who spoke with the Financial Times in August 2015 said, “The government does not want the trees because people are doing illegal work under them,” as he cut down branches from a tree with a chainsaw.

“The man was referring to money changers from the north of the country who rest under the shade of the trees and sell US dollars, British pounds, and even Saudi riyals to customers hungry for hard currency,” the report concluded.

Other workers were seen cutting down smaller trees with machetes.

Another worker named Alex told the Financial Times reporter, “People change dollars on the road here and it’s not supposed to be like that. People are supposed to go to the banks to do transactions.”

The Financial Times’ report also says:

But a series of central bank decrees issued this summer has instead increasingly restricted how Nigerians can use their banks, seemingly encouraging black market activity. For example, money changers in Abuja say the new rule barring Nigerians from depositing hard currency into banks only boosts unofficial trade.

The naira, still reeling from an oil price of less than $50 a barrel and political uncertainty in the run-up to this year’s elections, has lost a fifth of its value in the past year and has been devalued twice. In import-dependent Nigeria, demand for dollars remains high yet the fall in the price of crude has cut the flow of currency as income from oil exports has dwindled.

The post #Unorthodox: Buhari’s Gov’t Chopping Down Trees In Abuja ‘To Defend The Weakening Naira’ appeared first on The Trent.

http://www.ft.com/intl/cms/s/0/a83e54d0-425c-11e5-9abe-5b335da3a90e.html#axzz3j6dGBodW

that President Obama picture na something else lolz!

ODE

....

Typing

With the blazing sun we experience in this city. They want to increase our woes.

God dey na it be my own !!!

when a herdsman is the president

Blackmail everywhere

Lol APC kindergarten President.

Trees abi branches?

Yes! Cut down their covens
That is where the pdp witches gather to wail agaisnt the country's progress.
Render them homeless.

Am not surprised. The apc led federal govt are also planning to use soldiers to revamp the economy. This is what happen when a block head is the president.

mumu site, mumu opposition, mumu people commenting, its just a mumu's affair.

The most stupidicalitaranialisticaniositic post i have ever read in my entire existence.






Op




Clap for your self






You try small







Lol

ifeegee:
With the blazing sun we experience in this city. They want to increase our woes.

God dey na it be my own !!!

must u believe everything u read online.. cant u use ur brain to filter news?? r u dat daft??

Green world is what we need. Why cut off tree branches?

major466:
Am not surprised. The apc led federal govt are also planning to use soldiers to revamp the economy. This is what happen when a block head is the president.

Bros lie small small na.
Fear GOD o

EdCure:
Yes! Cut down their covens
That is where the pdp witches gather to wail agaisnt the country's progress.
Render them homeless.

i taught you're educated

primitive dunce

GenbIoodykiller:
i taught you're educated
primitive dunce

Advanced TANoid lunatic, what could amuse me more than a thread that increases your misery?

EdCure:

Advanced TANoid lunatic, what could amuse me more than a thread that increases your misery?

Hmmmmm have you forked your mother's asss tonight?

GenbIoodykiller:
Hmmmmm have you forked your mother's asss tonight?

I dont do back and forth with mentally deranged products of iincest like you..you know that.

Now, go and drink a glass of bleach. It will end your misery.

EdCure:

I dont do back and forth with mentally deranged products of iincest like you..you know that.

Now, go and drink a glass of bleach. It will end your misery.

i repeat have you forked your mother's asss tonight?

btw

remember to use condom
aids is real

GenbIoodykiller:
i repeat have you forked your mother's asss tonight?
btw
remember to use condom
aids is real

Being a product of iincest, what do you call the drunken pervert that is responsible for your unfortunate birth? Do you call him uncle? or papa? or grandpa?

EdCure:

Being a product of iincest, what do you call the drunken pervert that is responsible for your unfortunate birth? Do you call him uncle? or papa? or grandpa?

ok in that case if have not forked your harlot mother's puccccy i guess that rabid dog has ravaged her smelly saggy rotten pucccy.

your mother forks dogs isn't it?

technically you're a product of dog's sperm and a Hopless harlot mother

This's what you get when you have a "first school leaving certificate" holder as president.

GenbIoodykiller:
ok in that case if have not forked your harlot mother's puccccy i guess that rabid dog has ravaged her smelly saggy rotten pucccy.
your mother forks dogs isn't it?
technically you're a product of dog's sperm and a Hopless harlot mother

You are known to always lick the asses of the goats, cows nd pigs in your village. How many times have they deposited a giant shiit on your brainless head and urinated on your ugly face?

Buhari vs Nigeria. Imagine lizard lifting a weightlift.

Is this supposed to be a joke?

I find it difficult to believe that these are the type of ppl Bacanister choose as friends.

ifeegee:
With the blazing sun we experience in this city. They want to increase our woes.

God dey na it be my own !!!

Mehn!

The sun is something else!

Sometimes I'd wonder if I'm in Maiduguri

he wants the world to laugh na...and not to cry,,,,,nice job baba