12 Jan 2016

KINGSLEY IGWE

Good News!! See What Senate President Saraki Asked CBN Governor Emefiele To Do Regard The ATM Restriction



Lifting of Forex Restriction: Saraki
Dedicates Praise to SME Owners
Less than a week ago, the Senate
President, Dr. Abubakar Bukola
Saraki, broadcasted via his Twitter
account that he had requested from
the CBN governor, Godwin Emefiele,
to look broadly into reviewing the
restrictions in the Forex policy that
has placed, according to Saraki, a
huge discomfort on millions of
Nigerians, particularly the SME
owners. “After series of engagements
with SME owners who are affected
by the current CBN policy on Forex,
the Senate has advised CBN to
review” Saraki said.


Coincidentally, this mind-rubbing
between the Senate President and
the CBN governor happened on the
eve of the visit of the International
Monetary Fund (IMF) Team, led by
its Managing Director, Madame
Lagarde Christine to the National
Assembly in Abuja.
In the meeting, according to reports,
Saraki emphasised on the Forex issue
while discussing other burning
economic matters Nigeria is
encountering at present with
Lagarde of the IMF. The two heads
met at same horizon as the IMF
Director reasoned along with the
Senate while she canvassed that the
restriction on foreign exchange
should only be a temporary
economic step.
It is pertinent to recall that
Nigerians, particularly those whose
business is adversely affected by the
Forex policy, launched profuse
Twitter engagements with the Senate
President on the issue. The vast
majority of the citizens, conversing
directly with their Senate President,
appealed to Saraki to ensure that the
policy is reviewed.
Earlier today, Jan 11 2016, the
Central Bank eventually announced
that it had lifted the restrictions on
Forex deposit. Following this
euphoric moment; Nigerians online
came again at Saraki with bunch of
accolades for the latest development
on the Forex issue. Looking at how
the tweets were coming, one would
see that it was a great victory.
In a tweet response however, the
President of the Senate had refused
to arrogate the encomium to himself
when he quickly directed it to the
Nigerian masses in SME realm.
Replying to a tweet by Tolu Ogunlesi
(@toluogunlesi), Saraki maintained
that: “the credit I believe should go
to the business men and women out
there who urgently need Forex to
stay afloat.”
Saraki further tweeted that ”
Review of forex restriction by CBN,
good step in right direction. Let’s all
work to see that the policy works
and not abused.”

KINGSLEY IGWE

About KINGSLEY IGWE -

I've even gone so far as to verbalize it specifically, time is too precious to waste on trivial arguments and negativities. I'd rather get on to the more fun and rewarding stuff right away!

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