Showing posts with label Central Bank of Ni­geria (CBN). Show all posts
Showing posts with label Central Bank of Ni­geria (CBN). Show all posts

Tuesday, November 8, 2022

Buharism: As The Naira Collapses, So Does Nigeria

 By Tony Eluemunor  

I may not be an Economist but I don’t need an Economist to tell me that as the Naira tumbles in the foreign exchange (of curren­cies) market, thus Nigeria collapses. Or to put it in a proper perspective, thus the quality of the livelihood of Nigerians collapses, degrades, van­ishes, disappears, is tarnished, is destroyed. I added that really need­less second sentence because there could be some people out there that could claim that the country Nigeria is totally different from the citizens.

As strange as that may sound, some people actually think that the coun­try Nigeria is different from her cit­izens, or that the health of her econ­omy does not really impact on the lives of the citizenry. If not, the cost of necessities such as petrol, cement, electricity tariff, food, transportation, books, newsprint, even sachet water and bread, should not be rising ev­ery day and our leaders would be congratulating themselves for a job well done. Also, no government offi­cial has seen it fit to resign. Yes, they also tag themselves as “progressives”!