[abdulmumin]

I first heard of the decimalization of the Naira in December 2006. This was at a presentation made by one of the nation's leading financial analyst and public commentator. The pros and cons of the decimalization were analysed and I vividly remember him stressing on the fact that only a couple of stocks quoted on the stock exchange today are above N100.00. This in effect translated to the fact that all our quoted stock would have to be restructured.

This puts to lie all the insinuations that the Minister of Finance Dr. Shamsideen Usman was in the dark about this development for there is no way that my humble self would be aware of such a monumental change in the structuring of the Naira ahead of the Deputy Governor of the CBN!

Me thinks the attempt by the President to subject such a policy decision to the review of some committee is another shot in the foot. Much as we want a listening president, we do not need (in the words of an Economist columnist) a shilly shally presidency!!!