Can Nigeria float the Naira now?
There is nothing wrong in borrowing within acceptable levels. But borrowing to fund non-self amortizing projects and/or funding unproductive and for consumption is the problem.
The presidency, CBN and productive economic reforms
For the total import of about 450,000 tons in 2017, it will take about 75 plants producing an average of 20 tpd in output to produce that quantity. The issue is will the South-East and South-South Governors key into the project, when everybody is running to Abuja to collection allocation. They have the comparative avenues to increase their IGR and employ their teaming unemployed youth. But No!, they will not do it! – CBN and the oil palm rescucitation