In May 2015 PMB was inaugurated
In Dec 2015 Argentina President Macri was inaugurated
1. International monetary fund (IMF) offered Nigeria & Argentina a loan
Argentina received $50bn from IMF
PMB declined.
Argentina devalued their currency by 566%.
PMB resist devaluation of Naira.
Argentina stop defending their currency through their central bank.
CBN defend our currency & put dollar withdrawal limit to $1000 monthly. That was when some foreign students (excluding me) rain curses on PMB.
Argentina can't pay the $50bn they borrowed from IMF.
Nigeria has 0.0000 debt from IMF.
Today inflation (cost of goods) in Argentina is 54.3%
Inflation in Nigeria is 11.24%
Argentina now put monthly dollar withdrawal limit to $200.
Had PMB not hold his ground & reject IMF offer we may end up like Argentina.