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Central Bank of Nigeria devalues the Naira. Naira hits N185/$ in the black market
x | November 28, 2014
After reports of the Naira slipping 10 percent this year, the Central Bank of Nigeria (CBN) has decided to devalue the Naira against the dollar to stem... (1) Comment



"The views and opinions expressed in these comment(s) or article(s) do not necessarily reflect the views or opinions of NGEX, its partners or its affiliates."
OMOTAYO, J. A.    Eldoret, KENYA    November 28, 2014
This is just the beginning of the fall. Some of us have almost become lunatics whilst reflecting on the gross mismanagement of the Nigerian economy since 1999. We have consistently condemned the extravagance of government, the pursuit of fantasy in place of genuine development, and the mindless looting of the treasury.

I have criticized Messrs Olusegun Obasanjo, Goodluck Johnathan and Ngozi Okonjo-Iweala many times that they were misleading Nigeria and Nigerians even when all seemed to be going very well. I have criticized Mr. Babatinde Fasola over his fantasy of developments in Lagos State. I have criticized the empty drum and talkative former demolition Minister of the FCT, Mr. Nasir El-Rufai and many more.

Unfortunately, the labour union and the general public did not appear to be moved by our outcries. They were enjoying when they should be seriously working against the wastages by various governments in Nigeria. The same group of people are still there now shouting "Good luck", "Continuity", etc. Humm!
God save Nigeria.
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