Aug 23, 2007
, 01:37 AM
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Join Date: Apr 2003
Location:
United-States
Gender: Male
| Re: Bravoes, Kudos to Soludo: On Naira Strategic Agenda Enforcer, I thank you for your kind words of support and generous assessments.
RECK, what a wreck! The truth of the matter is that Professor Soludo policies are laying the groundwork, solid foundations for all the things you want for Nigeria.
A respectable currency achieves stability and resiliency. A worthless currency does not get respect.
SAP and its adverse effects led to the downward spiral and free-fall of the Naira and since September 1986, our national currency was devalued beyond respect and reason.
Americans and Europeans tweak their currencies more often than some Nigerians know or care to believe. THERE IS NOTHING WRONG WITH TWEAKING THE NAIRA. Ask Prof. Sam Aluko, a better economist than I am.
Good monetary policies, good fiscal policies.... will lead to sound economy, which in turn will facilitate repairs of our national infrastructure..... improve production capacity and increase employment etc.... these things are interconnected.... interwoven in factors and outcomes.
A respectable stable Naira, will buoy Nigeria's economy and, the suffering, hardships and wounds induced by SAP will dissipate.
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