The APC Yuan deal propaganda 2017🤡🤡👇

Currency Deal With China May Crash The Dollar By 70% !
President Buhari "may not" have certificate but he sure knows how to make things happen...
1. As President Buhari and CBN Governor, Emefiele moved closer to
actualizing their promise to strengthen the naira against the US dollars
2.By signing a landmark currency deal with the Industrial and Commercial Bank of China Ltd on Tuesday (12/4/2016) in Beijing, China.
3. The agreement will allow Nigerians (esp my
industrious Ndigbo bros's) who import mainly from China conclude their transactions in the Chinese currency instead of the dollar
4. The new agreement would see Nigeria-China trades, which accounts for over 70 percent of imports into Nigeria, concluded in the Yuan.
5. Until now over 90% of int'l trades between Nigeria & the world is done in dollars, & in the process putting so much pressure on the naira
6. Nigeria imports almost all it needs from the West, Middle East and Asia.
7. The CBN is expected to diversify a huge chunk of Nigeria’s
foreign reserve from the dollars to the Yuan to perfect the agreement.
8. “It means that the renminbi (Yuan) is free to flow among diff banks in Nigeria, & the renminbi has been included in the FXR of Nigeria,” FXR means foreign exchange reserves.
9. China has signed currency
swap deals with countries ranging from Kazakhstan to Argentina as it promotes wider use of its Yuan.
10. Nigeria would become the clearinghouse for Yuan denominated transactions for the whole of Africa following the agreement.
11. Beijing also signed agreements to develop
infrastructure in Nigeria, part of a drive to deepen its ties with Africa.
12. It has offered Nigeria a loan worth $6 billion to fund infrastructure projects.
This is good.
Better days are ahead.

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