CBN Removes Sugar And Wheat From Forex List: As Dangote and His Brother Settle Rift


Buharinomics is an economic policy that close border, ban SIM card sales and Registration, borrow more money for consumption with no effort at production, promotes socialism as a Government policy; and made nepotism the hallmark of this regime, all for no good reason, outside from fighting insecurity which has festered and metasised into a hyra-headed monster.

As always, our deadly inflation rose to 18.17% going by the National Bureau of Statistics report yesterday.

CBN, just confirmed that printing more money to help a troubled regime is one of its prime job. Again, just yesterday, Governor Ganduje and Co resolved the economic battle that rages between Dangote and BUA, over who will control sugar market in the country.

All these are markets goods skewed to milk the poor, pave way for the enrichment of those who have Government patronage ; but no one is saying anything about the welfare of the masses nor fair competetive prices that ought to drive the market.

As if being the poverty headquarter of the world is an easy yoke, the CBN in her usual manner removed sugar and wheat from her Forex list; urging the country to produce them locally ; but a closer look will reveal how richer Dangote and his brother, BUA will become at our expense.

See the CBN Tweet below:

Sugar and Wheat to go into our FX restriction list. We must work together to produce these items in Nigeria rather than import them . #Emefiele

Above all, does it mean that this regime policy is just to produce few fat cats, at the expense of public goods and welfare?

Leave a Reply

Your email address will not be published.