An activist, Idris Etanami Usman has lamented the endless paucity of dollar denominations in the country which he said, has affected genuine businesses.

He attributed the scarcity of dollars to governors converting monthly allocations to dollars, noting that the investigations his company conducted uncovered alarming evidence pointing towards the complicity of certain state governors in exacerbating the dire situation.

Usman, who is a leading data mining and public relations executive, in a statement made available to DAILY POST in Abuja on Thursday, lamented the crisis, stressing that the role of governors with regard to economic policies must be redefined.

He insisted that the routine conversion undermines the stability of the nation’s currency.

The statement also decried the lack of palliative distribution by some governors despite the huge financial support from the Federal Government.

“At a time when millions of Nigerians are struggling to make ends meet, the failure of state governors to fulfil their obligations to the people is both reprehensible and inexcusable.

“It is clear that the actions of these governors have contributed significantly to the economic crisis facing our nation. By prioritising personal gain over the well-being of their constituents, they have betrayed the trust placed in them by the Nigerian people.

”We call upon these governors to be held accountable for their actions and to take immediate steps to rectify the damage they have caused.

He called on anti-graft agencies to deepen the investigation into the financial activities of those governors to bring the culpable ones to book.

https://dailypost.ng/2024/02/22/governors-converting-allocations-to-dollars-behind-forex-crisis-activist-alleges/#:~:text=He%20attributed%20the%20scarcity%20of,in%20exacerbating%20the%20dire%20situation.

Everything is kuku possible in this country.

Let's just dollarize our economy, use the dollars as a defacto currency as a temporary measure against hyperinflation.

Very true
.

Una go explain taya.. abeg oo what did you people say tinubu studied at Chicago state university 🏃🏃🏃😂😂😂😂

Noted.

And now we blame the governors.



Who's next in the blame game? They will probably blame us Nairalanders next week for our provocative comments on the naira fall.

At the end we are not producing enough forex earning stuff

Not only them. . the Chairmen and Executive directors of the banks are the ones amortizing those funds personal use and hoardings. They are the cabals.
They call the MDs, directors / RMs and instruct them on how segments of those funds must be kept aside from public disbursement. That is why CBN tried to aggressively fight bank FX deposits.

The governors just dey chop and clean mouth.

Blame Binance

Blame Igbos

Blame Obidients

Blame governors

Blame Nigerians

Blame Buhari

Blame Emefiele

Blame Bandits

Blame Endsars

Blame Covid

Blame Raining season

Blame Harmattan

Blame Portable

Before you know it 8 years, I have been saying it the politicians are the major people making the dollar scarce, any policy the CBN adopts that these present politicians do not revolt against or panic, CBN hasn't taking the right decision yet

Lol nothing wey no dey Nigeria Politicians hand....


Them colet 30billion each even if they spend 20billion he go still show buh Nigeria Politicians are not different from the people they're rulling...

Abeg make Tinubu getoutttt!!!

Fact

These people go blame everybody even use cashtivist

Imagine...



You see this country eeeh

.

Goverors are the ones destroying the economy silently. They will keep quiet because people will only talk about the president without noticing the governors

So they are using state allocation to do dollar/ naira business while they owe workers salaries

I'm not surprised the indume was supporting those who are into these atrocities

Anything is possible in this godforsaken country!!

Nigerian leaders/politicians enemies of the people.

Lies

Fact well said...

chisomkachy:


https://dailypost.ng/2024/02/22/governors-converting-allocations-to-dollars-behind-forex-crisis-activist-alleges/#:~:text=He%20attributed%20the%20scarcity%20of,in%20exacerbating%20the%20dire%20situation.

An activist, Idris Etanami Usman has lamented the endless paucity of dollar denominations in the country which he said, has affected genuine businesses.

He attributed the scarcity of dollars to governors converting monthly allocations to dollars, noting that the investigations his company conducted uncovered alarming evidence pointing towards the complicity of certain state governors in exacerbating the dire situation.

Usman, who is a leading data mining and public relations executive, in a statement made available to DAILY POST in Abuja on Thursday, lamented the crisis, stressing that the role of governors with regard to economic policies must be redefined.

He insisted that the routine conversion undermines the stability of the nation’s currency.

Propaganda does not quell hunger pangs

As it stands, virtually everyone is complicit in this anomaly. Everyone is taking advantage.

chisomkachy:


https://dailypost.ng/2024/02/22/governors-converting-allocations-to-dollars-behind-forex-crisis-activist-alleges/#:~:text=He%20attributed%20the%20scarcity%20of,in%20exacerbating%20the%20dire%20situation.

Only the Fooools aren't aware of this stale information.

This has been the known truth. Politicians as a whole, are the major problems of Nigeria. They control huge sums of naira and usually offload them to get USD, thus compounding the problems of the local currency.

Ndigbo will disagree in as much as Tinubu name is not mention, Their priiick will not rise up but when Tinubu's name is mentioned, you will see them shouting Tinubu up and down like Tinubu was among people who killed their Biafra dream. Sorry, yes tinubu was among who kill their biaafara or death dream.

Ndigbo which way?

Ok

Who's next in the blame game? They will probably blame us Nairalanders next week for our provocative comments on the naira fall.

At the end we are not producing enough forex earning stuff

They need to call Buhari and sit him down and probe him to vomit our FX reserves.

Make we dey look sha

What nonsense. You all should stop hiding the truth,
even tinubu know say e Don fuk up by removing subsidy and floating the naira at the same time.

That single decision set the country upside down and he doesn't know how to revert the decision.

I will keep saying it, floating the naira the same time removing subsidy was a big mistake one should have come first

They should convert all dorm account to naira.