@OoTheNigerian Question is where is inflation? States spend naira not $. Unless inflation has gone rampant they should not be too much pain
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@OoTheNigerian What we need is local money being put to more productive use. Fx will come once they see real gains in productivity
@AkinSawyerr It seems you do not get the point I am trying to make. How does the DISCREPANCY between the marked and the govt. help ?
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@OoTheNigerian I think MB is taking pointers from the Chinese, free market when its convenient with many controls while still growing -
@AkinSawyerr and how will power investment come if they will be given only half the Naira the market values the dollar? - 3 more replies
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@OoTheNigerian It helps select businesses buy essential manufacturing equip that the govt wants in target industriesThanks. Twitter will use this to make your timeline better. UndoUndo
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@OoTheNigerian A full devaluation will make those companies less competitive because we still have to rely on some importsThanks. Twitter will use this to make your timeline better. UndoUndo
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@OoTheNigerian A total free float risks#Nigeria essentially abandoning any ownership of our manufacturing sector.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@OoTheNigerian Only foreign companies will be able to come in and develop because they can stand to lose $$ in the short termThanks. Twitter will use this to make your timeline better. UndoUndo
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