…if they diligently distribute every dime of the $800 million at the exchange rate of N750 to the dollar, each recipient will receive just $16/N12,000 each! With the current Consumer Price Index by the National Bureau of Statistics on food inflation at 24,32%, what relief does N12,000 bring to anyone and for how long? Also, when you pump in that amount, especially within a short period, the purchasing power of the N12,000 will drop because of inflation…
Incompetence may be harmful, but misplaced objectivity is lethal – Sandeep Sahajpal
Since they know we are a disengaged public and are assured that there are no consequences for poor or ill-timed decisions that negatively affect the commoner, they have come again! They just informed us, without consultations, that they are borrowing another $800 million as a palliative to cushion the effects of fuel subsidy removal. Because they have little value for citizen engagement in…
