Soludo's currency re-denomination

I do not understand the excitement around the re-denomination fiasco.we all should be perplexed by the apparent lack of direction of soludo'sCBN rather than indulge in this puzzling nationalistic gangsterism.
Barely a year ago,the CBN introduced a new 1,000 naira bill...at thetime,one can only presume that charles soludo had not yet realized hewas going to cut off 2 zeros in just over a year.Erudite economists have failed this country before i.e SFEM/FEM/Austerity measures and Falae's infamous SAP.Through all of that, the naira continued to take the plunge.I cannot fathom how economists went blue in the face in the 90s to explain how devaluation injects foreign investments into the economy only for the likes of soludo to invent this new diametrically opposed philosophy..all i can see is massive disinvestment and huge capital flight.
This soludo guy is a college professor...and Nigeria,my friends,is nobody's typical classroom.If all the CBN proposes to do is to play copycat with Ghana where thecedis now exchanges for 90cents(yes,the cedis!),then we are headed forserious trouble.the fiscal discipline in accra is light years ahead ofabuja's,and ghana recently struck oil...only to supplement other welldeveloped sectors in the economy.nigeria's is export dependent...andthis whole 1:1 business will tank our oil revenue.
Brazil has tried this several times in the past and dumped the idea.China is the fastest growing economy in the world, yet their currencyis so weak...in fact the US is knee deep in trade deficit with china and now has to resort to a proxy economic war thru the like of fisher-price and mittel to recall billions of dollar worth of kiddy toys.Japan is the 2nd largest economy,yet the yen sucks.i simply dont see how this can work..and its obvious Umaru is not convinced either,because as i write this,an advisory panel has been rapidly constituted by the presidency with no CBN representative included.so there's economics and there's politics.

OMC