The Minister of Finance, Kemi Adeosun has said that the black market, where most Nigerians buy and sell forex, will collapse soon.
Here is Mrs Adeosun on record:
Kemi Adeosun
On effect of the Treasury Single Account ,TSA, Minister of Finance argued that though the effect in the short term was bad, “but in the long run, it is going to benefit the economy,” noting that it was also an opportunity for the commercial banks to do the real business of banking.
She informed the lawmakers that
“the black market would soon collapse because it is not driven by any fundamentals and is a very misleading market. The craze for dollars is not driven by any rational consideration and it will soon collapse….. the nation’s currency is valued at between N305 and N315 but the unnecessary demand for dollar was pushing people to buy it at higher rates.
She said continues
“We are dealing with a shortage of dollars but the Central Bank of Nigeria, CBN, has put in place measures to stimulate more supply of dollars.”
Judge for yourselves.
We believe it,when we see it,PROVIDES US THE DETAILS,THEN WE JUDGE IT FOR OURSELVES,the sine quo non does not exist now and in future,for how long Nigeria have operated a multiply exchange rate,is 20 yrs or 30 yrs?
every 100 yrs our world go through a transition or revolution,it’s the responsibility of any govt to control all the element or factors for revolution,is it a new world or a new Nigeria ?,every revolution is bloodied thirsty,because it’s the overthrow of an existing structure of power.
L2 etat,c”est moi, “I am the state” so said by the king of france Louis xiv, the nation raved by war foreign war,e.t.c. the people complain they did nothing,this age of terror in france,it was creeping in france,which lead to the france revolution.so also in Russia.
We are part and parcel of Nigeria,major native Nigeria bank are controlled by foreigner.and you think you can control the black market with your present economic plan,why not integrate it.into your financial market and regulation WHO USES THE BLACK MARKET ARE NIGERIANS,WHO CANNOT ACCESS FOREX THROUGH THE CBN AND OUR BANK.
Once you addresses this issues,i will take you serious.MAN IS BORN FREE BUT EVERY WHERE MAN IS IN CHAIN so said the swiss born but French philosopher jean-jecques rosseau,every where Nigerians are in chain,call it the cbn,the ministry of finance,foreigners,foreign owned media telling us how we live our lives.look at the stats projected for Nigeria by the imf and world bank in gnp.
why not govt prove then wrong with a progressive attitude and an ambitious programme that will make Nigeria realizes it’s full potential as a nation, with it’s power.LET THE PEOPLE BE FREE EDUCATIONALLY,FINANCIALLY.EMOTIONALLY AND SPIRITUALLY.