Posts
Obiageli Ezekwesili, the "BringBackOurGirls" convener and former Minister of Nigeria during the second-term presidency of Olusegun Obasanjo today Wednesday 24 June 2015, voiced her opinion about the statement made by some aides of the former President Goodluck Jonathan that $30billon was left behind.
Oby, as she is generally called made this statement via her twitter handle @obyezeks after series of tweets and claring the air about the notion of $30billion which was said to been left behind by the past administration.
She tweeted:
"Who's this ex-Minister that doesn't know $30Billion CBN Reserve IS NO LONGER AVAILABLE to FG cos it ALREADY collected & SPENT it as Naira?"
"FG earns Oil Revenue Dollars but spends in Naira. So it hands the dollars it earns to its Banker- CBN which then gives FG Naira for BUDGETS"
"The $30 Billion is CBN's Dollar Reserves and should FG ever ask for any part of it again, it will result in double dipping &PRINTING MONEY"
"When FG earns Oil Revenue Dollars it MAY NOT immediately hand over EVERYTHING to CBN to give FG Naira value. Such Balance is SAVINGS-ECA"
"It is the BALANCE of whatever Oil Revenue Dollars, FG did not "sell" to CBN to get Naira that it SAVES as ECA and right now it is $2B only"
The former minister who of recent made TIMES magazine 100 most influential individuals.
 |
| Obiageli Ezekwesili |
She tweeted:
"Who's this ex-Minister that doesn't know $30Billion CBN Reserve IS NO LONGER AVAILABLE to FG cos it ALREADY collected & SPENT it as Naira?"
"FG earns Oil Revenue Dollars but spends in Naira. So it hands the dollars it earns to its Banker- CBN which then gives FG Naira for BUDGETS"
"The $30 Billion is CBN's Dollar Reserves and should FG ever ask for any part of it again, it will result in double dipping &PRINTING MONEY"
"When FG earns Oil Revenue Dollars it MAY NOT immediately hand over EVERYTHING to CBN to give FG Naira value. Such Balance is SAVINGS-ECA"
"It is the BALANCE of whatever Oil Revenue Dollars, FG did not "sell" to CBN to get Naira that it SAVES as ECA and right now it is $2B only"
The former minister who of recent made TIMES magazine 100 most influential individuals.
0 comments:
Post a Comment
Type your comment here