Bode olowoporoku biography of christopher
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The controversy as to whether to devalue the naira or not has taken the centre stage in the national discourse.
One can pardon illiterates in economics especially primitive accumulators who are shouting for further devaluation of the naira.
But when some professors of Economics and Ex CBN Governor and IMF have joined the chorus to continue to devalue the naira, then, something serious is amiss.
The single reason they all gave is because the rate of Naira in the paralleled market has worsened.
In the first place, Nigerians must know that the Dollar is not a legal tender in Nigeria. Only the Naira is our legal tender which facilitates the exchange of goods and services among Nigerian citizenry.
I beat my chest that my former students who are now professors of Economics who went through my courses on theories and strategies of Economic Development at Ife can never make the mistake of joining the neoclassical scholars on this fundamental issue which is central to the economic developments of Nigeria.
The history of nations that have developed shows that nations during their development process concentrated on the internal organization of productive sector and not the exchange of their national currencies against any foreign currencies.
It was only during the gold standard
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Adamu Bello
Nigerian technocrat
Adamu Bello | |
|---|---|
Adamu Bello | |
| In office February 2001 – January 2007 | |
| Preceded by | Sani Daura |
| In office January 2007 – May 2007 | |
| Succeeded by | Abba Sayyadi Ruma |
| Born | (1951-05-20) 20 May 1951 (age 73) |
| Profession | Banker, Politician |
Adamu Bello (born 20 May 1951) is a Nigerian politician who was Federal Minister of Agriculture and Rural Development from 2001 to 2007. He also headed the consolidated Ministry of Agriculture and Water Resources from January to May 2007.[1]
Early life and education
[edit]Bello was born in 1951 in Numan, Adamawa State, Nigeria, the son of Justice Mohammed Bello. He had a comfortable childhood with a complete education. Justice Bello died in 1956 leaving Adamu in the care of his oldest brother, Justice Aminu Bello.[2]
Bello graduated with a Bachelor of Science in Economics from Ahmadu Bello University, Zaria in 1975,[3] and completed a Master of Business Administration (MBA) at the University of Pittsburgh in 1982.[3] He attended Harvard Business School's six-week Advanced Management Program (AMP) in 1990.[3]
Banking career
[edit]Bello started his career in banking in 1976 as an investment executiv
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