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This Governor Believes Recession Will Last For 18 Months And Naira Will Hit N500 - Nairaland / General - Nairaland

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This Governor Believes Recession Will Last For 18 Months And Naira Will Hit N500 by Wunmi01: 11:35am On Sep 15, 2016
The Anambra state Governor, Obiano, has expressed fears that the dollar would continue to rise against the naira probably reaching up to N500 to a dollar, and that it would take no fewer than 18 months for the economic recession in the country wane.
The Governor said this during the beginning of the Anambra State Fire and Safety Summit in Awka on Wednesday.
He mentioned that the payment of workers’ salaries would energize the economy in a recession and make life more meaningful for the people.
“A state that does not pay its workers is inviting calamity. Payment of workers’ salaries energises the economy. We saw this recession early and made agriculture one of the pillars of our administration. This is why we have been paying our workers. It is wicked to owe workers at a time like this.”
He said his administration foresaw the trouble and embarked on preemptive measures such as investment in agriculture.


READ MORE: http://nairametrics.com/this-governor-believes-recession-will-last-for-18-months-and-naira-will-hit-n5001/
Re: This Governor Believes Recession Will Last For 18 Months And Naira Will Hit N500 by Fidelismaria: 11:37am On Sep 15, 2016
story for d gods

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Re: This Governor Believes Recession Will Last For 18 Months And Naira Will Hit N500 by WASMOG(m): 11:50am On Sep 15, 2016
As copied. Why we have recession in Nigeria now: * Tompolo was paid 13Billion * Ex-CDS,Alex Badeh dug a pit toilet to hide $32m * Patience Jonathan is claiming $31m,she has sued the Nigerian state * Femi Fani-Kayode took 740M * Dasuki used trucks to load over $35B from the CBN * Olisa Metuh took 400M * Aziboala,GEJ's cousin took 6B naira * Nenadi Usman took 3.5B naira * Fayose took 3B naira * Obanikoro took 4Billion naira * Olu Falae took 100M naira * Tony Anenih-400M naira * Oritsejafor-$35M * Former Air Chief Amosu-2Billion naira * Lucky Igbinedion-16B naira *Bode-George and Dabo-100B naira * Jolly Nyame-2.4B naira * Joshua Dariye-700M naira *Nyesom Wike stole #4b * Diezzani nko with $20 billion missing oil money? ..The list continues.. Recession didn't just happen, people stole it into happening....

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