PrincessGift:
Who the bleep is he?

bigpicture001:


Soludo never proposed naira substitution strategy...

His was "decimalization of the naira"..nd moreover he goofed....

grandstar:


Soludo did. Even Henry Boyo alluded to it. The governor's were uncomfortable with the use of Dollar certificates and complained to Yar'Adua who sided with them. The governors are paid in Dollar certificates and not actual dollar cash.

bigpicture001:


Soludo never proposed naira substitution strategy...

His was "decimalization of the naira"..nd moreover he goofed....

bigpicture001:


I know abt the theories...but it never happened..soludo is very action driven..would hv fought his way through...well, yar' dua messed up naija..in his short time

grandstar:


He did

https://allafrica.com/stories/200802120001.html

PrincessGift:
Who the bleep is he?

Officialgarri:
Henry Boyo, the only confident and non-hypocritical man who could call a spade a spade.

He once boldly called Okonjo Iweala a failure! And has also damaged the Nigerian economy

Well, by all facts and the price of oil then as a measure, the economy was indeed a disaster.

The only reason why we appreciate her is because the economy of now isn't fairing better than hers, but it doesn't mean it was all good

RIP sir

PrincessGift:
Who the bleep is he?

femi4:
illiterate var generation

seguno2:


He is someone that a lazy youth won’t know about.
Now, stop being lazy with your oloosho work

VolvoS60:
Not one Nigerian president has had formal training (up to degree level) in economics and finance. Not a single one.

It is inevitable that all of them are held hostage to advisers of all kinds - and government policy choices then become a matter of whoever has the president's ear. Unfortunately, all too often, advisers (in and out of government) with sinister motives win the war of influence. The result? Disastrous policy choices with severe real world consequences - mass suffering, widespread poverty, misery and death.

Imagine the possibilities that could open up with a president who can comfortably hold his own against the army of economic advisers, technocrats, bureaucrats etc. (and the vested interests they represent) that he must work with. A president who actually has an economic policy agenda he designed (or helped design) from the ground up - and not one he passively received from so called 'advisers'. In summary, someone who knows what he's doing.

But this is all wishful thinking on my part. Nigerians have chosen their leaders and they must live with the consequences of those choices.

RIP, Mr Boyo.

ambu2:
There were some economic theories, which this man kept proposing that it would help Nigeria economy get better. He talked and talked but nobody in government seems to be listening. Now he is dead without seeing the economy back on its feet. Sad.

Gentleman, eloquent, persuasive and passionate but ...

Rest in Peace Baba.

SalamRushdie:
Chei this is big blow to the Nigerian Economy but many will not know ..This man was the only Nigerian economist I trusted will fix the economy , this dude was the Alan Greenspan of Nigeria and the kind of name I thought Buhari will nominate as minister of finance or CBN governor in 2015 when I voted for him ..Chei this man had so much valid approaches to offer our economy but was never used

bigpicture001:
...you wont believe I find myself crying....

He really touched me..i stumbled upon his economic article on vanguard.." lesleba"...I was moved...I read nd read..... nd dicided to get involed...

I went on to study economics, graduated, became d best monetary policies analyst in.my skl day...I was a force!

Skls fear me, as I led myskl on a rampage of victories on different interskl debate...

I really loved him personally..he was my mentor...now I teach econonics at a fedearl school...nd teach my students his theories..

Its a pity CBN saw him as a rival instead of bring him in...soludo was pragmatic..he was the closest chase to actualizing his policies...but he didint....recently, governors form as proposed that their allocation b issued in dollars..lets hope dey succed nd his glory day will come

OkCornel:


One million likes for this!

VolvoS60:


^^^
Almost 30 years ago, Olisa Agbakoba asked, (in response to an interviewer's questions on the Babangida administration's management of the economy): "What is Babangida's qualification in economics?"

That question is still pertinent today.

Running an economy is serious business. If a country's leaders do not know how a modern economy works (or should work) then disaster is inevitable. The fallout is more severe when it is a third fifth world country with weak, decaying institutions. Like Nigeria.

Professors of economics in Nigerian universities are wasting time and destroying their reputations by allowing themselves to be used (as so called returning officers) in endorsing fraudulent, sham elections - like the ones held in Bayelsa and Kogi last week. The time spent on all that rubbish would be better spent in forming pressure groups to insist that literacy in economics and finance must be a prerequisite to leadership in this country.

But like I said earlier, this is fantasy on my part. Nigerians do not yet fully understand that actions and choices have consequences. The pain will rise to unbearable levels - as the economy continues to falter and stumble from one dead end to the next. Perhaps we will learn an unforgettable lesson this way.

Or perhaps not.

OkCornel:


This is ideal and spot on. This is what differentiates progressive countries from retrogressive ones.


A nation cannot move forward if the leaders and the followers consistently makes ignorant and wrong decisions. Every decision has its ripple effects on immediate and future realities.


The sad case about Nigeria is that sound reasoning has taken a leave of the senses of the majority. Critical decisions are often left to the whims of mindless politics, emotional outbursts, religious blindness, tribalism and ethnic bigotry.


I pray tell, how can Nigeria move forward with most people having that kind of mindset?

It’s sad.

VolvoS60:


^^^
It is what it is.

The future looks bleak. That is my honest assessment. I hope I am proved wrong - but I am not a believer in the "triumph of hope over experience" school.

Time will tell.