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The Cluster Fckup Of The TSA And Economy - Politics - Nairaland

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The Cluster Fckup Of The TSA And Economy by APCLyingBastard: 11:40pm On Oct 10, 2016
The TSA wasn't designed to warehouse govt revenue and funds but rather to create a trackable system of accounting for govt revenue and expenditure.

Rather than keep 2.7trillion naira fallow in the CBN vaults why not after a specific period recirculate the funds back into the economy by loaning to commercial banks at low interests rates and then forcing down the lending rates of banks to help stimulate economic growth?

Now this would have been brilliant if not for the disastrous forex policy initiated by the buhari govt which if my proposal above is implemented will see investors taking cheap loans not to invest in tangible venture but to head straight to the parallel markets and exchange naira for dollars.

The only solution I can see out of this is for the naira to be fully floated in an open bidding session which eventually will see the naira stabilise around a manageable 270.

The govt will also have to address the huge forex wasted on fuel imports and sit down asap to pass the PIB in order to create investor confidence in the downstream sector.

Before this will happen genuine peace must return to the Niger Delta oil producing areas and for that to happen buhari must leave Aso Rock immediately.

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