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Nairaland Forum / Nairaland / General / Politics / iweala is right, Soludo is wrong on Price Of $1 And Reserve (619 Views)
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iweala is right, Soludo is wrong on Price Of $1 And Reserve by musiwa97: 5:28am On Feb 02, 2015 |
i disagree with soludo on the price of $1 and reserve If the price of oil drop. The govt is force to make up the difference of the budget by either increasing personal taxes or company taxes. Or devalue the currency. I think the best decision to devalue the currency is this most appropriate think to do. It means person taxes does not increase. And you will expect more dollar to come into the economy. I have talk so powerful people of having a power programming to get rid of the dollar forex market. Which makes it easy for people to have access to the dollar. Any interest party can contact me delemusiwa@gmail.com. 2. The second issue of reserve. I believe the reserve is best this way. If oil price fall. The only senseble thing to do is devalue the currency. And this is what iweala did. 2 Likes |
Re: iweala is right, Soludo is wrong on Price Of $1 And Reserve by musiwa97: 5:31am On Feb 02, 2015 |
The reason for poverty, is the currency. This is a trade treaty . so western Nigeria is expected by international law to have its own currency apart from the naira. 1 Like |
Re: iweala is right, Soludo is wrong on Price Of $1 And Reserve by musiwa97: 5:39pm On Feb 02, 2015 |
Government had 2 source of income. 1 taxes from personal,company and other taxes 2 income from oil and other mineral paid in dollar. There is a drop in number 2/ Which reduce the budget. It mean to get the same amount of naira equivalent of number 2. The government most devalue naira to make the same amount of revenue from number 2. To have the total same income for its budget. So soludo is wrong. Ngozi iweala is right. 2 Likes |
Re: iweala is right, Soludo is wrong on Price Of $1 And Reserve by musiwa97: 5:41pm On Feb 02, 2015 |
It makes more external investor friendly too |
Re: iweala is right, Soludo is wrong on Price Of $1 And Reserve by tonytony208(m): 6:30pm On Feb 02, 2015 |
Your comments make more sense this time around; unlike those inexplicable rantings about western Nigeria, etc, etc. |
Re: iweala is right, Soludo is wrong on Price Of $1 And Reserve by obi4eze(m): 9:12pm On Feb 02, 2015 |
The most important issue Soludo raised is the depletion of the foreign reserves from about $62 billion when Jonathan took over to $41 billion as at December 2014 even with the boom in oil prices. |
Re: iweala is right, Soludo is wrong on Price Of $1 And Reserve by mumumugu(m): 9:41pm On Feb 02, 2015 |
Who is musiwa |
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