BUHARI TOLD EGYPTIANS HE WONT DEVALUE NAIRA;GOOD. BUT IS HE READY TO TAKE RESPONSIBILITY FOR HIS ECONOMIC DECISIONS WITHOUT BLAMING JONATHAN?

***If our foreign exchange policy is not reviewed, Naira will slide to N700/$1-Lagos chamber of commerce and industry

***States facing collapse over finances-Gov. Masari(Katsina)

***Against advice of experts both at home and abroad, Buhari will not devalue. Naira is sliding anyway, he has no solution to stop the slide. Experts says to stop the slide you have to delue to attract investors and build a strong naira again.

1.Good don't devalue, implement all your financial policies but take responsibility for your actions and stop blaming Jonathan for your incompetence.

2. Buhari's strategy is to blame Jonathan for failing economy, the Wole Soyinkas are hired to do the dirty propaganda job for him. Counter them, they are devils.

3."I think if there is any word that is more than serious, it is more than that. I am telling you as at today, some states after federal accounts( allocation) are going home with less than N60 millions."-Masari

4. When Buhari refused to appoint ministers for 7 months, searching for budget padding angels, Nigeria lose about N2 trillion, there was uncertainty in the market, investors started fleeing. Banks, construction, oil sectors started retrencing workers, the retrenchment is ongoing.

5. The truth of the matter is that Nigeria risk recession within the next 12 months, Buhari is driving us to recession, he is panicking, and putting up a strong propaganda team both at home and abroad to to help him put the blame on Jonathan. Counter it, expose the clueless president.

6. Buhari have a strong media, but does not have economic team, he will blame Jonathan for that.

7. Jonathan handed the fastest growing economy in Africa to Buhari, investors were attracted to Nigeria, South Africa was overtaken as number one best economy by Nigeria. Today Nigeria is number 3, with South Africa and Kenya taking first and second position.

8. Nigerians "fired" Jonathan because they agreed with apc that he is not doing a good job. Buhari and apc promised Nigerians that they are better, and will fix the problems, but right now Nigerians prefer Jonathan's government than a govt of hopelessness, and whining.

If with corruption, a dollar was 180naira, and nowwithout corruption, a dollar is 400naira, Ladies andGentlemen, you all will agree with me that we needcorruption in this country.I ve said my own...

Our problem in Nigeria is that we always like joining the bandwagon.

This was what happened when Jonathan wanted to remove fuel subsidy. Everybody started shouting and calling him names. But when the time came, everybody saw that that was the right thing to do.

If you devalue your currency, when ur economy us mainly based on imports, what will be the result?
This is simple common sense.
You don't have to be an economic guru to realise that devaluing the currency of an economy that is mainly dependent on imports with little or nothing to export will be one of the worst thing to happen to an economy.

In this issue, Buhari is on the right path even though he is making progress very slowly.
With time, things will turn around.

The thing with Nigerians is that we don't bother to think about long term effects of actions that we take or not take. We want it here and now.

Too bad.

If Buhari should devalue the currency, he should at least make the rate of exports greater than that of imports or at least make them equal.
That is the only time that devaluing the currency will make any sense.

What progress is he making slowing

Why is he junketering around the world with nothing to show for it & in the process delapidating the little foreign reserve we have

cckris:
If he can borrow $10 billion from Saudi Arabia, without the Conditions of imposing Islamic Republic of Nigeria, which will be RESISTED like hell, he maybe able to DELAY the devaluation, which has practically become imperative.

China has this money , we do not need to consider the Saudi's.