The rate at which the Federal Government plans to convert its dollar earnings from oil in 2013 will be N160 to the dollar. This is one of the highlights stated by the Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala in her budget breakdown, yesterday.
I hope the real economic mavrecks of Nigeria join to tell the general
populace what is happening to their economy. This dosen't look to me like
the picture of economic growt reported by the combination of KPMG and
Ngozi- Iweala, the Finance Minister. We can have conversation on this score
if provision is made for collateral response when the ever flunctuating
dollar take the regular plunge. Nigerian money managers do not always make
allowance for that unless the ever watchful Central Bank Derector can
gurantee citizens the purchasing power of their naira can follow the
dollar up or down . I can see some ploy here by the Federal Government and
disingeneous Jonathan with his Finance Minister to continue the
progressive erosion of people's income while politicians and the looting
public officials including Law Makers take impoverished citizens for a ride
in a nation where only these group of looters can afford the cost to
shelter themselves from Kidnappers and midnight bombers for speaking out.
It is a national tragedy the rich and petroleum kingmakers have no interest
to help ordinary citizens stand up anytime soon .
Nigeria: 2013 Budget - Dollar to Exchange for N160
Vanguard (Lagos), 8 March 2013
The rate at which the Federal Government plans to convert its dollar earnings from oil in 2013 will be N160 to the dollar. This is one of the highlights stated by the Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala in her budget breakdown, yesterday.
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I hope the real economic mavrecks of Nigeria join to tell the general populace what is happening to their economy. This dosen't look to me like the picture of economic growt reported by the combination of KPMG and Ngozi- Iweala, the Finance Minister. We can have conversation on this score if provision is made for collateral response when the ever flunctuating dollar take the regular plunge. Nigerian money managers do not always make allowance for that unless the ever watchful Central Bank Derector can gurantee citizens the purchasing power of their naira can follow the dollar up or down . I can see some ploy here by the Federal Government and disingeneous Jonathan with his Finance Minister to continue the progressive erosion of people's income while politicians and the looting public officials including Law Makers take impoverished citizens for a ride in a nation where only these group of looters can afford the cost to shelter themselves from Kidnappers and midnight bombers for speaking out. It is a national tragedy the rich and petroleum kingmakers have no interest to help ordinary citizens stand up anytime soon .