IMF SPEAKS

Most recently the international organization IMF said Nigeria was the 3rd highest growing economy in the world. I don’t ague with them but I’ll to see this translated into real “wealth” for Nigerians, not just a talk show as always.

Our finance minister says it’s all good for the economy some say it’s another ploy to devalue the naira as always but a devalue naira to me means more value for exports but of tough conditions for our manufacturers who in my own thinking have for too long depended on foreign technology to always bailed them. this has put them constantly in a very unfavourable competitive standing with international producers of similar products; who should be noted have a good advantage indeed.

WHICH DO YOU PREFER A STRONG NAIRA OR A WEAK ONE?

[More money for those of us who receive and Less for those us who import]

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About udoyen

I am a science laboratory technologist specializing in the field of biochemistry/chemistry. I evaluate environments and proffering pratical solutions and self improvements strategies. A keen political analyst with special devotion to African and Afro-related international politics.
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