https://letsgetnigeriaworkingagain..com/2018/11/it-is-sad-that-two-global-banking.html

Former Vice President and Presidential candidate of the Peoples Democratic Party, Atiku Abubakar on Saturday said he was very sad that two global banking giants were leaving Nigeria as a result of bad economy.

The Central Bank of Nigeria (CBN) had announced on Friday that Global banking giant, HSBC and UBS, a Swiss private bank, had closed their representative offices in Nigeria.Reacting to the development on his twitter page, @atiku, the former vice president said it was always a sad day for the country when such entities packed up.

He said Foreign Direct Investment, FDI was key component to economic growth, saying that his administration would attract more FDI if elected by making the CBN stronger and independent.Atiku stated that he would banish multiple exchange rates and promote market-led economy.
In his words: “Always a sad day for our country when such entities pack up. FDI is a key component to economic growth.

My administration will attract more FDI by making the CBN stronger and independent, banish multiple exchange rates and promote market-led economy.”The CBN had announced that the banks had closed shops on Friday, revealing that FDI in Nigeria fell to N379.84 billion in the first six months of 2018, compared to N532.63 billion recorded in 2017.In July, HSBC predicted that a victory for President Muhammadu Buhari in 2019 would have a negative effect on the economy.

In its response, the presidency asked the bank to return stolen assets allegedly hidden in its coffers.
However, in its projections for the second half of the year, higher oil prices and production would serve as gains but rising foreign debt and uncertainty surrounding the 2019 general election would be a drawback.

The CBN also said three lenders — which were not named — failed to meet their minimum liquidity ratio of 30 percent.
It added that non-performing loans dropped from 15 percent in 2017 to 12.4 percent as of June 2018, adding that this was still a long way above its five percent threshold.

Too many wahala for Nigeria, the Nigerian masses are lying to theirselves that is why things are not moving and government are not held responsible because they support government based on tribalism.

Before the coming of APC, Nigerians buy fuel at 87 naira with less subsidy but when APC came they buy fuel with 140 naira with more subsidy coupled with massive inflation, some are just voting so that their tribe will become president in 2023 or hoping that Buhari dies so that vice and Tinubu will take over, yet they will say PDP is bad and they are ready to continue with lies why they are suffering because they want a particular person to be in power by all means why they die of hunger.

Nothing in Nigeria for them.

All na APC Reforms ke!

Atiku should just shut up

what a shame Nigeria moving backwards day by day

Atiku should stop all these useless swaying of wailers' sentiment.

What are their branches?

Do they have ATM cards, kiosks?

How many loans did they give syndicated or otherwise ?

All thanks to dumbohari and his zombified broom waving minions...

They are packing up and leaving one after the other

I'm expecting cows to take over their premises because the lifeless one understands cows more than economy

APC don finish this country




If Atiku wins e go hard for him ooo