Aug 22, 2007
, 07:22 PM
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Join Date: May 2007
Location:
UK
Gender: Male
| Re: Bravoes, Kudos to Soludo: On Naira Strategic Agenda I love Nigeria,
Do not loose sleep over pappilo comment because majority of us can see through his hollow knowledge of basic economics. I believe pappilo is overwhelmed by Paul Adujie success in writing a series of articles, particularly in this forum.
What Soludo has planned is actually a revaluation of the currency in the sense that a reduced quantity of Naira will exchange for the dollar. The CBN will henceforth support the rate by selling and buying dollars from the foreign exchange market to maintain the required exchange rate. Soludo is being very careful that Nigerians do not grab the wrong end of the stick, hence he is mindful of his choice of words.
Soludo expects that at the end of it all the real value of the Naira will appreciate against the dollar to about N1.20 to a dollar. That I believe as well.
On behalf of my fellow countrymen and women, I thank Paul Adujie for all he has being doing to promote the interest of our country, in spite of the personal attacks that he has been receiving from some misguided few.
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