Mr. Sanusi, what is needful is not naira redesigning to spend trillions in production but as simple and straight forward as possible, defy all economic and financial theories and models that the west developed for us to follow and equalize the naira to the dollar, and pounds by our own policy by enforcing it through the banks as an order and see if everything will not immediately fall into place. It is a simple arithmetic as A, B, C but we use theories to confuse, batter, and kill ourselves depending on so many books. Soludo wanted to go that approach in a mild way by removing two zeros to improve value but the west sabotaged via our own rich men and rulers. we have all agric produce, oil, minerals and so many others. Pls defy theories and Models and we will develop. I am a deep finance expert and have discovered all those statistics are created to confuse allllll. If you devalue your money or print higher denominations, you have in general terms devalued your entire economy(your people, their economic well-being, and your currency sells far lower than other currencies that you were even better off etc) and rendered your money worthless, respectively. So be wise.
Posted on: Wed, 24 Jul 2013 15:09:41 +0000
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