A feeble President?

The President of Nigeria has set aside Soludo’s Naira policy claiming it lacks merit. In a statement released by one of the Presidents Spokesman, Olusegun Adeniyi, the Presidency gave a number of reasons why they would rather suspend this policy. Not one of these statements focussed on any tangible economic reasons why the policy is such a fiasco. The Nigerian way!

It wouldn’t flabbergast anyone that this statement, just like the EFCC cum attorney-general debacle, was rushed out because someone had got to the President in good time and gave him some unscrupulous reasons dismiss the idea.

We hold our horses to see if another announcement will be made (after another bout of consultations) to retract this one.

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4 Responses to “A feeble President?”

  1. dami Says:

    “Not one of these statements focussed on any tangible economic reasons why the policy is such a fiasco. ”
    true, just like there were no tangible reasons for the policy in the first place, easy come easy go i say.

  2. Olufemi Says:

    If someone had suggested adding more arabic inscriptions on the Naira note, due process wouldnt have been a problem. Its all a political game, trust me the next CBN governor will be from the NORTH!

  3. Ada Says:

    Did he tell the President or not? That is what it has now come to. What a joke!.

  4. Olu Says:

    And we are meant to believe that Oga Yar’adua didnt know about it! haha. How funny. What next?

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