The Cartoonist Blogger

Well this is just a Comic for thoughts, The Nigerian house of reps has probed almost every sector of the economy but yet we can't find who is being gutted by any of this probes and who knows what's going to come out in this recent on-going probes by them.

The weakness of the local currency, the Naira is likely to be temporary, the Central bank Governor, Mallam Sanusi Lamido Sanusi has assured over the weekend.

Sanusi told Reuters that the monetary tightening measures have started taken effect and it will, strengthen local currency.

The Naira slumped to its lowest ever on Monday, just before an emergency Central Bank of Nigeria (CBN) meeting where interest rates were hiked far further than analysts expected and several other tightening measures were imposed.

The Naira initially recovered from the record low of 167.8 to the dollar as the CBN backed up its interventions by selling over $1 billion into the market in a week, traders said.

But trading on the local currency remains volatile with dealers not willing to quote actively. The Naira ended the week at 164.05 in the interbank market, far weaker than at the central bank's auction on Wednesday when the regulator sold $591.67 million at 150 Naira to the dollar

"My feeling is the Naira is going to strengthen as measures kick-in," Lamido Sanusi told Reuters in a telephone interview. "What you are seeing this week is not the long-term trend.

CBN has been trying to save the local currency from depreciating by maintaining it within a band of +/-3 percent around 150 naira to the dollar but analysts say the options left for the regulator may be limited given falling reserves and weak oil prices.

Under pressure to keep up with rising dollar demand, CBN breached its own rule earlier this month by selling outside the 145.5-154.5 naira/$ band at a series of auctions, creating uncertainty about the value of the naira at the interbank market .

I just hope the naira gets strengthened again to avoid putting more higher risks on the economy.

3 Former PDP Governors finds themselves in Hot fire as Charges of corruption is being raised against them. and it seems their defense is quietly departing from them.

Lets just watch to see how it goes if they will all come out unhurt like several others.

What a great way to start saving some huge money for the Country.

Nigeria's President Goodluck Jonathan has divulged that Nigerians would continue to witness low key independence anniversary till 2014 when there would be an extravagant carnival.

The President made the disclosure at a Press Conference in Urugwiro Village, Rwandan Presidential Villa, shortly before he concluded a two-day visit to Rwanda.

According to him, 'Nigeria's independence anniversary in 2012 and 2013 would not be different from the low key celebration of Nigeria's 51st independence anniversary last Saturday, October 1, just as the 2014 independence anniversary would be merged with centenary celebration to mark 100 years of amalgamation at the twilight of his administration on May 2015.

The Federal Government had opted for a low key celebration of Nigeria's 51st independence anniversary at the forecourt of the President's office in the Presidential Villa instead of the Eagle Square which had been the venue of major national events.

Huhuonline.com sources say that 'The Government had insisted that the low key celebration was to cut cost having spent huge amount of money on Nigeria's 50th independence anniversary celebration as well as the inauguration ceremony of the President and Governors of the 36 States in less than one year.

Meanwhile, the Minister of Information, Labaran Maku, denied that the low key celebration was due to threats by the violent Islamic Sect, Boko Haram and the Movement for the Emancipation of the Niger Delta (MEND) to bomb the Eagle Square on the day of the celebration.

Whether its the Fear of Bombing or whatever Thank GOD that at least those who have always used this as an avenue to wealth can only just get a little chunk of Our Money this time.

This Goliath has been standing here and killing all the resources and masses of the nation.

I hope we have gotten a David who will fling the stone at the forehead of this giant killer and take him out.

House Of Reps Or House Of Thefts ?
Are they truly a part of the people they claimed they are representing.

Their conscience alone can answer this question but that's if its still alive.

Oh see what is left for the poor masses in Nigeria to lie on when the little hard bed they have been managing and getting a little consolation from while staying in total darkness in a room that's not secured and without anything to make life pleasurable is taken away from them.

Can GEJ Truly Take Us to the Right Destination? This is a question Many Nigerians are worried about and with Many things especially security of the nation falling head long.

How Far Can We Go with Him?

Who will Give Nigerians A Good Answer To some of These Questions that has lingered for so long...

Many Past Leaders and office holders have always walked away from this and how long can GEJ Sit on This Hot Seat.

The Naira struck a new record low of 164.85 recently to the dollar in the interbank market, pressured for some days by the central bank’s comments earlier this week that it would not support the currency at all costs.

But the Impart of this is already being felt by Many.

How Can We Solve Such Domestic Violence In Our Society? A lot of Our Citizens are continually being victimized by those who has sold out their souls to the evils forces in this nation.