Why keep funds that banks were using to do business in CBN vaults all in the name of TSA?

Posted by Afam Nnaji | 4 years ago | 1,798 times

You see, you don't need to be a career economist for you to know that the only sensible way out of this APC FG induced recession is for the FG to increase spending!!!

Why keep funds that banks were using to do business in CBN vaults all in the name of TSA?

FG should kick start the recovery process by releasing money into the system by carrying out capital projects which will create jobs.

This will help in the short term while hoping that those that took their money and investments out of Nigeria due to the political climate since GEJ lost the presidential election coupled with the de-marketing of Nigeria by PMB will have a change of heart and invest in Nigeria again.

As Emir Sanusi stated, you cannot blame drop in crude oil price for the recession considering the fact that the sector contributed just 15% of our GDP.

Abi na when people begin kill fellow human beings for food we go sabi say things are terrible out there even though we keep managing to smile?

Readers Comments

0 comments

No comments yet. Be the first to post comment.


 

You may also like...