PEOPLE ARE CAUSING THE FALL!
Someone asserted a few years ago that once a person joins APC, he or she swaps his or her brain cells and stops thinking. However, Reuben Abati pushed it further, stating that being in government makes one lose their normal sense of reasoning.
initially I brushed it off as an excuse for the failure of those in governance, but on second thoughts, it appears that once people are appointed they drop their brain cells at a grave and Bury it completely before assuming office.
this is Confounded on the tweet by Bayo Onanuga, an appointee of the Tinubu administration who is claiming that Binance, Kucoin and other crypto platforms are the ones fixing the price of the Naira and that is responsible for the declining fx, he tried effortlessly to convince anyone reading his tweet that there are speculators and these are the reasons for the falling Naira, and absolves the government of any wrongdoing.
in all their thinking, no one is talking about a CBN governor with a retinue of failure and a lack of monetary policies, or the president who proclaimed the removal of subsidies and its attendant crisis or the floating of the Naira when there are no micro and macroeconomic infusions for a country which is basically a consumption rather than a production economy.
in all these things, what they can only think of is people who are speculating on the price of the Naira and not on how terrible thir policies have been.
The truth is, ileven if they ban all the apps they are threatening to ban, and they do not put in any measure in place, the Naira is well on its today towards exchanging for 3000 per dollar before the year runs out.
that's what happens when you float the Naira!
Anonymous.
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