CBN FORMER DIRECTOR - INTENSIFY EFFORTS TO MAKE REFINERIES WORK.

A former director of Budgetary planning in the Central Bank of Nigeria, Dr. Titus Okunronmu has urged the Federal Government of Nigeria to put in more efforts to ensure that the Refineries function in order to stop the exportation of Petroleum products.

Dr Okunronmu informed the News Agency of Nigeria in Ota Ogun state, on Saturday that developing the nation's refineries would reduce the great demand for foreign exchange.

Image result for Dr. Titus Okunronmu

He advice the Federal Government to borrow money to develop the refineries and also liberalize the foreign exchange market by allowing the forces of demand and supply to determine the exchange rate and stabilize it.



Comments

Post a Comment

Popular posts from this blog

ENDSARS Anniversary: A Nation's Rebirth by Lisa Bassey.

Image
  The quest for a Nation's rebirth can almost be likened to the pangs of a woman in labour. It is accompanied by tears, blood, intense pain, and sometimes death.  In October 2020, the youths rose in their numbers to protest against police brutality and to demand that their rights as citizens of Nigeria be upheld and respected. Sadly, it was met with aggressive force by the military and the police, for which some of the unarmed youths paid dearly for with their lives.  I recoiled in pain as I recalled the unfortunate incident which took place on the 20th of October, 2020. The hurt from the wound of this poignant event bleeds within me, forever etched in my memory.  Last year during the first anniversary of ENDSARS, I stated in a deeply moving article titled  In the Web of Political Mystery and Deception  that it was difficult to differentiate truth from farce as a result of the cleverly manipulated mind games and deception from the political class that cou...
Read more

History 101: What is your status as a Nigerian citizen living in Nigeria.

Image
In 1960, the Premier of the Northern region and Saurdauna of Sokoto, Ahmadu Bello while being interviewed by a BBC journalist boldly declared that the Nigerian government will first consider Northerners (qualified or not) in government positions. He announced that further consideration would be given to foreigners before  other Nigerians.  Here is the text interview. Interviewer: One thing I have noticed while I have been here is that northerners seem to have the worst form of obsession about the Igbos, could please explain that? Ahmadu Bello: Well, the Igbos are mainly the type of people whose desire is to dominate everybody. If they go to the village or town, they want to monopolise everything in that area. If you put them as a labourer, within a year they will try to emerge as the headman of that camp...and so on...well. We are not alive to their responsibilities because you can see from our modernisation policy that in 1952 when I came here, there weas less Northerners in ...
Read more

Bravery in Afghanistan.

Image
The sad story of  Kathera is one that breaks many hearts. Living as a woman in Afghanistan, a largely patriarchal society hasn't helped either.  Kathera was sexually and physically abused by her father for 13 years, from age 11 till age 23. Her mom Zainab was beaten and forced to painfully watched the horrifying ordeal.  Kathera got pregnant, endured multiple forced abortions, and had two children for her father. He took one of the babies into the desert where he left it to die.  Kathera's Mom, Zainab unable to bear the abuses anymore took the risk to escape with the children. According to Zahra, nobody listened till she went on TV.  Her father's relations threatened to kill her believing she had brought shame to the family and her death was the only solution. Khatera announcing on National television was a desperate attempt that she knew could have severe consequences in a country where the judiciary system often incriminated women seeking for justice. The abus...
Read more