Buhari Visit China: The Implications

The implication of Buhari's trip to China. As confirmed to me by expert Chief F.K Balogun.. He said when you don't have alternative you are hooked but when you have more than one you have many alternatives. Before Nigeria foreign reserve was in Pounds and later when economy of USA is okay they make our foreign reserve in dollars. When you allow a fool to speak he may speak his or her mind.
From the real point of the whole thing, I was told that Chinese Is taking over. Note! There is no human being who is an authority on any issue. At this point we must forward.
1. Buhari is trying to diversify in a way that whatever happened to dollar will not affect Yuan.
2. Buhari is doing everything possible to take Nigeria away from the doldrums of monopoly of currency
3. Buhari want to clearly starts his diversification.
At this point we must understand the focus of this government though there might be mistakes we must focus on progress.
Note again.. At times you find yourself in the midst of discussion that you have nothing to contribute but when you listen to expert you gain from them.
What is the implication of making Nigeria the clearing house in Africa?
The major currency presently are Pounds, Dollar, Yuan, Euro.... as at today is Pounds and Yuan
If China decides to sign MOU with Nigeria shows they have agenda which in the next 10years might boomerang but let the game continues
So at this point if American refuses to buy our oil China will patronize Nigeria.


Written by Samuel Adesida