So if we are to believe what Goldman Sachs is saying then it means Nigeria can no longer borrow against our already depleted foreign reserves, last week the Tinubu led-administration borrowed $3bn to artificially prop up the naira, how long before he borrows again to stop further declines of the naira, Nigerian economy is currently in a quagmire because if care is not taken we shall see the naira at $1/N5000

I have written about redenomination and Demonetisation some months back, let The CBN remove one zero from all currencies denominations and do away with the useless and worthless high denominations.

FG should also consider the CBDC option as a way to control monetary policy through program programability of the cbdc. Cbdc will also help in broadening the tax net to include all Nigerians earning an income. The earlier the better.

All these so called experts against the redenomination and Demonetisation are quite daft in their inability to see the dire economic realities we currently face.

Fuel is going to 680-750 range in a few months.

Radical shift is needed.

If that news is true, then Nigeria is even poorer than I thought it was.

APC has totally destroyed this country with mismanagement, lies, tribalism, deceit and propaganda.

Ebola is a disaster.


In conjunction with buhari they destroyed nigeria