THIS IS ONE OF THE REASONS WHY SOME OF US WILL EVER REMAIN BUHARIST.
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.
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.
2. IMF ask Nigeria & Argentina to devalue their currency.
Argentina devalued their currency by 566%.
PMB resist devaluation of Naira.
Argentina devalued their currency by 566%.
PMB resist devaluation of Naira.
3. IMF ask Nigeria & Argentina to stop defending their currency.
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 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.
LET'S COMPARE ARGENTINA & NIGERIA TODAY.
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.
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.
Nigeria now lift it's dollar withdrawal limit.
Had PMB not hold his ground & reject IMF offer we may end up like Argentina.
Had PMB not hold his ground & reject IMF offer we may end up like Argentina.
