Sponsored Links

At a time when most Nigerians are expecting to see a light at the end of the tunnel, after having a very difficult outing in 2016, ‎with just few weeks to wind up; present economic realities have suggested that Nigeria might even go deeper in recession, with more tougher times ahead.
‎Already, many Prophets and Pastors across the nation, have predicted a darker picture for 2017, while Economic and Financial Analysts, are also forecasting same, using economic variables.
Among such, is a well known Lagos based Economist, Henry Boyo, who in an interview said, ‎”President Muhammadu Buhari, must be disturbed that the naira exchange rate has suffered so poorly under his watch, ‎particularly after he promised parity between the naira and dollar”.
‎According to Boyo, ‎the worst is yet to come, as he urged Nigerians to brace up for more tougher times, due to the inability of this present administration to align its present policies, to best global practices.
He said, ‎”‎Unfortunately, the worst has yet to come, because, if crude oil price further rises, while output remains favourable, the dollar will paradoxically spike well above N500/$1, and may approach N1000/$1 before December 2017!
“Any attempt to bridge the widening gap between the official and parallel market exchange rates, will devalue the naira, and trigger a steep rise in fuel price, to shoot inflation well beyond 20 percent, and make Nigerians poorer still,” Boyo said.


Speaking further, he called on patriotic Nigerians to alert Mr. President, that his legacy will be characterised by mass poverty, if he remains in denial of this reality.
He said, “‎Hereafter, an interview format will be adopted, to explain the chain of cause and effect, that will induce the horrifying realities foretold above.

‎”The price of crude oil has steadily increased beyond $50/barrel, after OPEC agreed to cut output by about 1.2 million barrels/day, in November, 2016.
“Nigeria’s export revenue prospects will consequently be boosted, if this price trend is sustained, particularly if the youth restiveness in the Niger Delta, is minimised.
“However, much against popular expectation, the more bountiful the export dollars, the bigger also will be our economic headache!
“Yes, it will indeed seem a contradiction for a weaker naira, and deepening poverty to be products of increasing dollar revenue, but interestingly, this has been our economic experience lately”, the Expert said.
On the way forward, Boyo, called on the Central Bank of Nigeria, CBN, to adopt dollar certificates for paying allocations of dollar denominated revenues, rather than unilaterally substituting naira allocations, which precipitates excess liquidity.

Follow Us on Twitter!

Like Us on Facebook!

Do You Need a Sugar Mummy, Sugar Daddy, Girlfriend, Boyfriend Wife or Husband? If Yes, Then Click Here For Details



Before You Loose Your V!rginity; Our Young Ladies Should Watch This
Before You Loose Your V!rginity; Our Young Ladies Should Watch This
Video: SHOCKER!!! Vigilante Nabs Popular Rich Man Burying 7 IMSU Female Students In Imo State
Video: SHOCKER!!! Vigilante Nabs Popular Rich Man Burying 7 IMSU Female Students In Imo State
  MOST SHOCKING!! Abuja Popular Runs Girl runs mad! (Gone Viral)
MOST SHOCKING!! Abuja Popular Runs Girl runs mad! (Gone Viral)
 OMG! Checkout This Man With a Lady’s Bre ast
OMG! Checkout This Man With a Lady’s Bre ast
SHOCKING!!! Popular Landlord’s Son Set Ablaze In Onitsha…….And This Happened!
SHOCKING!!! Popular Landlord’s Son Set Ablaze In Onitsha…….And This Happened!
UNBELIEVABLE!! Man Caught Trying To Kill A Little Girl After Ra.ping Her!
UNBELIEVABLE!! Man Caught Trying To Kill A Little Girl After Ra.ping Her!

0 comments:

Post a Comment

 
OmoVibes © 2016. All Rights Reserved.
Top