“No technocrats … no economists on your cabinet list … Devalue the Naira – IMF to Nigeria’s President Buhari! – Tola Adenle

October 22, 2015

Nigeria

It’s deja vu for President Muhammadu Buhari as Ms. Lagarde-headed International Monetary Fund dusted the old terrorizing template that created a path to Nigeria’s leadership for Nigeria’s most-despised ruler, the so-called  “self-styled evil genius” retired General Babangida who took over from then military head of state, Buhari.

Now, it’s that masquerade that has been brought out again: unless you devalue considering your officials stop the restrictions on foreign exchange exportation blah blah blah, a situation that “are already making it harder for the average person to buy milk … and permit the exchange rate to continue to adjust …” your economy is going to be in big trouble.

Pray, when or where has IMF interventions to economies like Nigeria  brought anything but much suffering to a country’s masses?

Finally, what did the last “technocrat/economist”, Economy Czarina Ngozi Iweala achieve for Nigeria but more loans, a lot of economic shenanigans by those she was supposed to direct without her resigning to show discomfort at such out-and-out looting?

President Buhari, please just say ‘no’ to this harbinger of bad news for Nigeria’s masses as you resolutely did back in 84/85. As long as we are not running around chasing loans that would be stolen for the most part, our need for “self-adjusting Naira” the way the Largarde Crew wants it would be greatly reduced. Keep on track your vow to recover the looted billions of dollars that are enough to aid Nigeria’s recovery.

 

STORY SOURCE:

http://www.usnews.com/news/world/articles/2015/10/21/imf-calls-for-nigeria-to-allow-its-naira-currency-to-drop

 

THURSDAY, OCTOBER 22, 2015. 5:30 a.m. [GMT]

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