US $1 = #10 Naira: The Nigerian $20 trillion Starched in Foreign Accounts;The Roles of the CBN and Politicians

Why and How The US $1 = #10 As against The  excruciating and Over hyped exchange rates and Interest Rates,  The Nigerian $20 trillion dollar worth of equity in Cash and in Fixed Assets starched away in some accounts in the foreign land,  The Floating and Fixed exchange rates, The Role of The CBN and Politicians, The International Bank of Settlement, The World Bank and IMF:

Amidst alot of Economic Confusion that Saddles the Nigerian Economy, A lot of factors has had it way to sway the economy a retrogressive pathways.
Needless to point fingers at who or what is the cause for the excitement and thrills of maiming and brandishing, This article is meant to be expository for public consumption, data collation, economic projection, government policy and reforms and for the purpose of prospective investors informed decision making.

As I will continue to represent my God given and great country Nigeria in good light and in an uncompromising faith and duty to service and as a patriots amidst the heat of confusion, I must begin by stating categorically that Economic wise, Nigeria is a country with a vibrant and promising prospects considering the unyielding effort of its present and past leaders and its citizens to salvage the Nation's economy to greatness.
It is in this light I care to share the roles of it Politicians, The CBN, The Investors, Citizens, Immigrants and Foreigners to her role of Nation building and to state categorically reasons why the dollar has for decades been hyped over the Naira causing more economic chaos in the country and eating away the Nation finances. Talks is Cheap and Action speaks volume; I present this article or discuss for the objection, criticism and reflection from both intellectual colleagues, Economist and all concerned persons and investors.

To begin with, I must say that Nigeria lack proper Educational Structure and the one in existence right now, I will continue to lambast and advocate for it to be totally pulled down or overrunned by completely more improved or advanced educational structures as we have in Japan, Netherland, Austria, Germany, France, The USA and The, Iceland, Switzerland, Spain, Norway, Luxembourg, Belgium, and Taiwan. As prognosis and diagnosis is key in intelligence, economic and health enquiry for best resolution, Nigerian Schools both the private and Public are by far short of standards for half backed unyielding product it pours out into our society year in year out and its haphazard approach for the national mandate of quality and extensive education. The Nigerian Schools not only gives its graduates out there meal tickets that can't afford to secure any one a sustainable meal but only a tossed and random game of luck and shooting ducks blind folded. As the average Nigerian youth today still can't grasp the evasive mystery of the future of a concrete and Existing country with territory, government, and laws. The average Nigerian Schools produces youths with honor and nothing to leave up to in defence except for youth who will only be work slaves for petty industries without job and retirement securities and plan but empty technicians seeking jobs but lack entrepreneural skills to.
 
Secondly 80% of Nigerian Politicians are corrupt, as we have a defect in sustainable value culture. Apart from the Military era which has widely been criticised among many scholars, which I still maintain, yielded far better economic result but only faulted in the cause of consolidating the CBN which was later resolved by the former CBN governor Charles Soludo during the  Obasanjo regime Many of The Nigerian now acclaimed politicians now in power comes in only to covet and empty the national treasury. To a large extent, severe damage has been done to the Nigerian economy by majority and notable figures.

Thirdly, To vindicate or exhonorate the role of the CBN and its Subsidiary Banks to include the 8 Major World Central Banks  activities over the years, Such as the U.S Federal Reserve, European Central Bank, Bank of England, Bank of Japan, Swiss National Bank, Bank of Canada, Reserve Bank of Australia, Reserve Bank of Newzealand, The World Bank and the IMF, alot of Questions must be answered on the roles of wealth creation and the quest of nation building for Nigerians and the rest of the developing Nations at the receiving end as the World Forex trades $4 trillion dollars every day, and how does this relates or affect Nigeria industrially or cater for its social infrastructural needs. Questions as such as Inflation target at an idle figure, annual growth in Consumer price and how the Consumer Price Index has wrestle and grounded the Nigerian Economy. Also questionable macro economic tools employed to create and destroy money such as functional and reporting currency, Current Account Deficit which has for many years eaten into Nigeria as one of the low cost provider Countries, the net income &  dividends, and the capital account as balance of payments, privitization, floating and fixed exchange rates, The foreign exchange markets (FX or Forex), The Currency boards, The CBN Fix or pegged official exchange rates and The Dollarization alternative, alot of measures have over the years gladly culmulated the caving and ridiculing of the Nigerian economy and the depreciating the strength of the Naira over a believed and over hyped and over prized dollar scare.

Among the Pressing Questions that needs answers are as follows: Why negative interest rates are not working, What is the role of the Bank of international Settlements, What are the roles of the Central Banks, Who determines interest rates, How does the Central Bank use open market operations to manipulate short term interest, How does Central Bank decision affects validity, What are some examples of expansionary monetary policy, How does central Bank impact interest rates in the economy, What are the precise measures implemented in monetary policies.
To a very large extent, the Nigerian central bank has been use over the years as a political tool and as a puppet to ram the country economy to a perpetual halt as a lot of Subsidiary Bank managers, key players and Politicians especially the PDP members has made a kill and fat credits over the years at the expense of tax payers money and natural resources.
From extensive and careful research, Over $20 trillion dollar worth Nigerian Money is starched out in some undisclosed foreign accounts in some foreign lands. The Nigerian wealth alone is enough to cater for the need of one third (1/3) of the entire African population.

If you understand economy, fiscal policy and macro economic tools to a large extent you will agree with me that Buharri is never and has never been the Nigerian problem. It is 100% true and a fact that PDP as a party was built on Abacha money and ideology, as alot of its Patron members are beneficiaries, and with a progressive ideology which I am very much in support of. I am 100% in support of a few administration of the Past Military leaders such as Obasanjo, IBB, Abacha, Yakubu Gowon in a lot of peculiar ways which today is a pride to Nigeria today as compared to the masquerading Democratic and Civilian administrations who are only out to play stomach politics.