Fg creating billionaires through forex

Fg creating billionaires through forex

25/08/ · FG Is Making People Billionaires Through Forex – Emir Sanusi Posted by Breaking News on August 25, The Emir of Kano, Muhammadu Sanusi ll, has said the Nigerian government has been creating billionaires through the practice of selling dollars to businessmen at official rate 25/08/ · The Emir of Kano has said the Nigerian government has been creating billionaires through the practice of selling dollars to businessmen at official rate. FG Is Making People Billionaires Through Forex – Emir Sanusi. FG Is Making People Billionaires Through Forex – Emir Sanusi “We have created our own billionaires since from foreign exchange subsidy,” the emir said in a speech at 15th Joint National Council on Development Planning meeting held in Kano yesterday. They got the dollar at N and price their goods at N, he said in his speech tilled “Nigeria: The search for new growth model.”

FG creating billionaires through forex – Sanusi – Faces International Magazine

The practice whereby Nigerian businessmen obtain dollars at official rate and resell at a higher rate at the parallel market is still continuing, emir of Kano, Muhammadu Sanusi ll, has said.

We should not devalue because if we do the poor people would suffer. You may not like it but that is the truth. He pointed out that the economics aspect of the whole thing was that for every one billion dollars that was taken from the federation account and sold by the CBN at N, the states were losing Nbn that can go into salaries, into agriculture and into healthcare. At the same time, fg creating billionaires through forex, he said, the states were going back to borrow from the same government on the bailout when the government was selling its dollars to a group of people.

Who is advising the government? I want know who is advising the government so that I can talk to the adviser. Do we feel any shame when we see Malaysia that collected palm oil seed from us is now exporting palm oil? Oil is just a working capital … that when we sell it we get the dollars that we can use to import. If we can have another source of working capital we can do without it.

He pointed out that Nigeria is spending billion dollars per annum on fake subsidies and all the money goes to private jets, fg creating billionaires through forex, expensive jewelleries, and properties abroad and so on and so forth, noting that nothing goes to the economy. The emir added that Nigeria earned 16 billion dollars from the oil sector in but not a single dollar went to education, roads and or power sector.

I will continue to say the truth. He said there was urgent need for the country to return to the drawing board and expand the economy through wise investment for the economic growth and development of the country.

He lamented that in spite of the past experiences we had on our socio-economic challenges, the country was still making the same mistakes as we cannot process tomato paste. Skip to content. How I took money to Shema in cash — Ex-SURE-P boss.

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FG creating billionaires through forex – Sanusi. News. August 25, Hassan Usman Leave a Comment on FG creating billionaires through forex – Sanusi. Tweet. The practice whereby Nigerian businessmen obtain dollars at official rate and resell at a higher rate at the parallel market is still continuing, emir of Kano, Muhammadu Sanusi ll 25/08/ · FG Is Making People Billionaires Through Forex – Emir Sanusi Posted by Breaking News on August 25, The Emir of Kano, Muhammadu Sanusi ll, has said the Nigerian government has been creating billionaires through the practice of selling dollars to businessmen at official rate “We have created our own billionaires since from foreign exchange subsidy,” the emir said in a speech at 15th Joint National Council on Development Planning meeting held in Kano yesterday. They got the dollar at N and price their goods at N, he said in his speech tilled “Nigeria: The search for new growth model.”