Archive for the ‘soludo’ Category

A feeble President?

August 26, 2007

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.

Advertisements