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Nobody Should Put Prof. Soludo on Hold

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Author: Comrade Ojeremen Stephen
Posted to the web: 8/25/2007 12:43:49 PM

We can not stand and fold our hands and look at our economy going down just because we have already spent some money to introduce higher denomination of naira.In United Kingdom,when they introduce new corrency,they gradually take withdraw the old one from the circulation without you the common man knowing.there was a time they introduce a one pound coin (£1) in honor of the queen but the money is no longer in circulation.Therefore we should wake up our potential and do things that will move the country forward instead of complaining and blaming others.


Those who are clamouring for indefinite suspension of the new Naira policy will have their joy short-lived. There is no other other alternative to the purported re-denomination or revaluation of the Naira having paid all our external debts, then what are we waiting for?. The value of the Naira must be revisited before it is too late.

There is a need for the federal government to look beyond politics and red tapes in dealing with matters that would transform the lives of the ordinary man in the street. For God sake Nigeria is now in the 21st millennium and there is a need to cut the red tape and bureaucracy in all the government departments.

The lives of the ordinary Nigerians have been gambled with over the years leaving room for little or no progress at all. The bank of England or the US Federal reverse have the autonomy to control and determine market forces as it affects inflation, wall street or city, mortgages, interest rate etc. etc.
Why the red tapes and show of power in Nigeria? How far have we progressed with red tapes and show of power since independence? No wonder we are where we are. Nigeria should separates political decisions from economic decisions.


 Politicians in Nigeria are repellent to the socio-economic development of the common man. If not, the why procrastinate of the new Naira's policy?The new Naira policy must take effect soon whether they like it or not. With the economic revolution in Ghana, it will only redefine the role of Ghana as the economic superpower in the sub-region.


 If the Ghanaian currency continues to dominates the Naira in the sub-region and the global market then Nigeria should be prepared to lose her experts and hard currency hunters (greener pasture hunters) to Ghana.Has the federal government got a better solution than what Soludo has in his sleeves? I am not surprised that the federal government has called for the suspension of the Naira policy because they are toying with the progress of Nigerians whom they have systematically placed in perpetual poverty for the past 28years. Let everybody do their jobs without interference. There is too much red tapes in Nigeria.
Red tapes and bureaucracy is ruining Nigeria as a country. What is the big Idea behind the suspension of Soludo's new Nigeria policy? He did not obtain permission from the president. RED TAPE and BUREAUCRACY. Is the idea a healthy one to the nation or not? There is no answer from the economic team set up by the president to probe the new Naira's policy yet again, they have keep Nigerians in the dark.

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