The former governor of the Central Bank of Nigeria (CBN), who stated this in a video message to Nigerians, said sycophants exploited the system, adding that an “inexperienced boy” owned a jet under the past administration.
According to DailyTrust, he said: “The last eight years, Nigeria led a false life, the government borrowed from within and without. About N30 trillion was borrowed from the Central Bank.
All the revenue the country generated in the last few years couldn’t service debt. Debt service exceeded 100 per cent. Government borrowed to service debts. No country can grow this way. Time will come when one cannot borrow any more. Additionally there will be nothing to pay debts.
Those writing, demanding that we speak on the current situation in the country; this is not the right time for me to speak. It was like a driver on the road driving recklessly despite a wise counsel telling him of a crater ahead. What will you tell after plunging the car into the hole?
People refused to listen to us then. We will only now advise them to be patient. I will never say Tinubu has pu§hed Nigeria into difficulty. I am not saying he is flawless or flawed. We will speak when he goes astray. The government can’t pay subsidies since it doesn’t have the means.
If they add tax, we have to pay since borrowing is impossible. If the CBN printed more naira, the dollar would jack up to N1,500. We must s¥ffer. When I was the CBN governor it was N150. Today it’s somewhere around N900.
They treated the economy the way they wanted and refused to listen to experts. In the last eight years only sycophancy succeeded. The sycophants bought dollars at N400 and sold N540. An inexperienced boy who had never worked anywhere owns a private jet.
from Instablogija
Buhari created new set of criminals!
ReplyDeleteWhat happened to your voice since Malam Aboki Emir, that destroyed the Banking sector in 2009. Now most of the Banks are in the hands of evil 😈 fulani !!! You didn't allow GEJ rest, lost your voice for the past 8 years! Now you have found it again! I am not a BAT supporter.
All eyes on the Judiciary!!! For tomorrow.
Yet in four years, you will come again fighting a religious war, badgering people to vote for your sectional candidate, forgetting that they read bigoted comments like this and already know to avoid anyone you are selling.
DeleteNigeria We hail thee 🙌
ReplyDeleteThis is sad. How did we get here?
ReplyDeletePoliticians will still be out there canvassing for votes. It is well.
The government can’t pay subsidies since it doesn’t have the means
ReplyDeleteThanks so much for stating this fact. A strike of 500 years will simply not change the current account balance of the country or the debts that have been accrued despite the shouting from the rooftops of people like Sanusi, Tinubu, Soludo, Okonjo Iweala, Akinwumi Adesina etc who were screaming this to the past administration.