@atiku: Official statement on CBN devaluation of Naira, interest rate hike and economy. t.co/eW8qdw22fy/s/Fl_x Excess crude account stood at $22 billion in 2008, but now as low as $470m with nothing much to show for in terms of investment. I warned that the (poor economic) trend will leave our economy undiversified and make us sleep-walk into austerity. t.co/eW8qdw22fy/s/fimZ The increase in CRR (from 15% to 20%) and MPR (from 12% to 13%) will obviously increase the cost of borrowing t.co/eW8qdw22fy/s/a1Qb We are facing a potential economic crisis and the FG needs to change its ways. Creating an export oriented agricultural market is the best way to improve productivity, strengthen farmers income t.co/eW8qdw22fy/s/Gv4k FG must address the security challenges to ensure national cohesion, social and political stability, required to boost investor confidence It is also about time to consider realistic opportunities to reduce the cost of governance. Reducing the cost of governance requires sacrifice. This is why Im committed to an annual salary of N1 only if elected president. These difficult economic times will require everyone to make sacrifices. This is why Im making the first step of taking a pay cut. The CBN interest rate hike must protect SMEs and poor Nigerians. They will be the hardest hit by these measures t.co/eW8qdw22fy/s/NVjt I really enjoyed my time in the East. Especially the breaking of kola. Thank you all for believing in #ANigeriaForAll t.co/9fmzE7dzLp/s/JRi_ If you are a young Nigerian who does not have a job, CBNs devaluation of the Naira will likely affect you. t.co/eW8qdw22fy/s/iCEp What is the way out? Our policy document was designed to ensure that Nigerias economy finally stops depending on oil t.co/SBcStqc3D4/s/U-0P Agriculture, small & medium scale manufacturing, technology and services are the future, if Nigeria is to be truly independent of oil.
Posted on: Sun, 30 Nov 2014 06:01:34 +0000
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