Ekiti State Governor, Mr Ayodele Fayose
has called for the devaluation of the
nation’s currency, the Naira, saying; “With
the gap between the official rate of N199
and open market rate of over N400 to one
dollar, Naira has already been devalued.
Therefore, President Mohammadu
Buhari must stop deceiving himself and
short-changing Nigerians,
especially States and Local Councils in
the country with his Forex Policy.”
Governor Fayose, who said there was no
time in the history of Nigeria that the gap
between dollar official rate and open
market rate was
more than N200, pointed out that it made
no economic sense for the Federal
Government to be calculating the
country’s revenue on the
basis of the Central Bank of Nigeria (CBN)
official rate of N199 to a dollar while
States and Local Councils that are sharing
the revenue
with the Federal Government run their
businesses at the open market rate of
over N400 to one dollar, thereby causing
business to be
folding up by the day and prices of goods
skyrocketing everyday.
Special Assistant on Public
Communications and New Media to
the governor, Lere Olayinka, in a
statement issued in Ado-Ekiti on Sunday,
quoted the governor as saying that apart
from breeding corruption through round
tripping or foreign exchange arbitrage,
Nigerians are
also being duped and middle class
Nigerians, the main people that grows the
country’s economy are being decimated.
The governor said President Buhari was
applying his 1984 failed economic policy
in which prices of goods were fixed not
minding the
cost of supply, such that essential
commodities like milk and sugar became
scarce and Nigerians were made to line
up in the sun to buy
rationed commodities.
He urged the President to pay more
attention to the ailing economy of the
country instead of junketing around the
world, wasting $1 million per foreign trip,
saying; “President Buhari has travelled to
24 countries in eight months, and will be
spending 16 out of the 29 days
in February outside the country, with over
$500,000 being spent on estacode while
the Presidential Air Fleet, which includes
fueling of
the planes and allowances for crew
members is said to be in the range of
$500,000.
“The President’s entourage obviously
collect their travel allowances in dollars
on official rate of N199 and come back to
Nigeria to change
it at the open market rate of N400. That
must be the reason they encourage the
President to be junketing abroad when life
is becoming
unbearable for Nigerians.”
The governor said; “The situation is such
that Nigeria gets say $2 billion revenue in
a month, calculates the $2 billion revenue
on the
basis of the official CBN rate of N199 and
share the revenue among the three tiers
of government.

Source:
http://www.globalnaijablog.com/2016/02/21/your-policies-are-wicked-killing-nigerians-fayose-tells-buhari/

Fayose SHUT UP.. u talk too much..bring up policies that would work not making noise.. nd how has ur state fared since you took over power..