A LAYMANS GUIDE OUT OF THE RECESSION. Written by Chief Chibuzo N. Ziggy Azike, Ksc.
A LAYMANS GUIDE OUT OF THE RECESSION This is a guide or road map by a man, whose knowledge of such “esoteric” science like Economics was learnt on the streets of the world; so calling me streetwise could be quite descriptive; lets go at how I think Nigeria can get out of the present economic quagmire and degraded Naira. First; lets rescue the Naira; CHANGE THE CURRENCY No, not all the denominations but the ₦500 and ₦1000. We read the gory tales of how one of our former Military Chiefs would order his military accountant/pay master to exchange more than ₦800 million for dollars and other currencies every month end; we have heard about the soakaways and water tanks filled with Naira; we have heard about how the security details of one high ranking politician carted away more than ₦300 Million cash in one fell swoop; all our money that is stolen at the Local Governments Level, embezzled at the State Governments, parastatals and all the MDA’s; All the pillaging and purloining, div