Reframe the argument. It's subsidy NOT devaluation. States are receiving 1/2 their entitled allocation since FG sells dollars for half price
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@OoTheNigerian My point is its more of a distraction that a thing of real consequence. We need to move past this debate.
@AkinSawyerr we cannot move past the debate because no investor will bring dollars into Nigeria if he/she will given half Naira equivalent
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@OoTheNigerian Agree but most investor dollars fall into the category of "hot money". They leave at first sense of better opportunity. -
@OoTheNigerian What we need is local money being put to more productive use. Fx will come once they see real gains in productivity - 6 more replies
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