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Nairaland Forum / Nairaland / General / Business / “floating The Naira Without Adequate Supply Is Like Building A Non-gated House I (126 Views)
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“floating The Naira Without Adequate Supply Is Like Building A Non-gated House I by Featuredgist: 11:21pm On Jan 31 |
“Floating the Naira without adequate supply is like building a non-gated house in a crime-infested community- Peter Obi You can’t float your currency without a defense mechanism and adequate supply. “We’d have revalued the currency to about N600 and managed the supply from there on. Not even in the developed world has anyone left their currency to pure market forces. “We would also have dealt decisively with the criminality side of things. The round-tripping of dollars and the illegitimate use of the USD in domestic transactions. We have to make Naira the preferred currency for transactions. Of course, if you earn your USD legitimately, you can use it as you like, but it’s important that every decision is adequately thought through and crime is reduced.” — PETER OBI Naira has to be the preferred currency for transactions… move the country from CONSUMPTION to PRODUCTION Continue reading on..... https://featuredgist.com/floating-the-naira-without-adequate-supply-is-like-building-a-non-gated-house-in-a-crime-infested-community-peter-obi/ 1 Like |
Re: “floating The Naira Without Adequate Supply Is Like Building A Non-gated House I by Jlow2: 11:28pm On Jan 31 |
It’s time tinubu removes shame and call Peter obi for advice |
Re: “floating The Naira Without Adequate Supply Is Like Building A Non-gated House I by coputa(m): 12:13am On Feb 01 |
Jlow2:Obi is spewing trash.Can manufacturers use naira to import goods into the country. Naira can only be used domestically. nigeria is an import dependant nation |
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