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LequteMan
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Former vice president of Nigeria Atiku Abubakar has criticized CBN's response to the global fall in oil prices. The prominent politician says CBN's austerity measures add very little to the National Productivity Index and have been designed for cosmetic political intentions. Premium Times reports:
The opposition political party, the All Progressives Congress, APC, and one of its presidential aspirants, Atiku Abubakar, on Thursday criticized the series of monetary policies unfolded by the Central Bank of Nigeria, CBN, to reduce the pressure on the Naira as oil price dwindles.
But the former vice president described the measures adopted by the CBN as contradictory and inconsistent with the prevailing realities on ground, as they had no true premise to justify the drastic panic measures being taken.
Besides, Mr. Atiku said claims by the Committee that it created a total of 600,000 jobs in the second and third quarters of 2014 in the informal sector did not reflect reality, as most of the jobs were mere hand-outs based on fanciful schemes with attractive acronyms.
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#Nigeria #Atiku #APC #CBN
The opposition political party, the All Progressives Congress, APC, and one of its presidential aspirants, Atiku Abubakar, on Thursday criticized the series of monetary policies unfolded by the Central Bank of Nigeria, CBN, to reduce the pressure on the Naira as oil price dwindles.
But the former vice president described the measures adopted by the CBN as contradictory and inconsistent with the prevailing realities on ground, as they had no true premise to justify the drastic panic measures being taken.
Besides, Mr. Atiku said claims by the Committee that it created a total of 600,000 jobs in the second and third quarters of 2014 in the informal sector did not reflect reality, as most of the jobs were mere hand-outs based on fanciful schemes with attractive acronyms.
click here to read more
#Nigeria #Atiku #APC #CBN
