me69:
This man doesn't know what he is talking about. UAE is a different economy don't compare. Nigeria doesn't have the structures in place to support its currency that is why besides oil which is sold in dollars it is difficult for the government to keep their reserves when oil prices crash. Moreover Dubai does not import refined petroleum products like nigeria. Plus ask yourselves with what currency does Ifeanyi ubah and he's peer imports the petroleum protucts.

we need to think well before we type out things sometimes.
This is a man who has done business with the good bad and ugly. A man that has his name and reputation on the line. A man that dares to forfeit everything he has for the sake of his idea. A man who is putting his money where his mouth is unlike other LEADERS who choose to remain mute and will never come out to openly address this situation which is systematically squeezing Nigerians. And you say he does not know what he is talking about.

make I no talk sha.. Maybe you know know what you are talking about. who knows ?

johnmartus:
the position Ubah is asking for is a sensitive one which cannot be materialize he should have know that he cannot reap in where he did not sow

The problem with Nigeria is people like this. So he must invest in APC before he can be accommodated in the scheme of things in his country?
When fuel marketers where dealing with us and we spent days at the filling stations and this guy pulled the rug from under their feet, what did you say then?
This why talents across Nigeria are being wasted and Seun Osewa platform is doing a goo job showcasing Nigerians from different tribes building airplanes models, bicycles, water pumps etc.
Please work on your mindset and eschew sentiments from your life.

Don't be ignorant!

This man might have a workable plan YES, but. It is not. Because of his claim that Naira is beginning to gain grounds!

Oil price is responsible for this, and the plan OPEC has to cut down on supplies in order to balance the law of demand and supply. Part of the reason why Pre. Bubu was in Saudi.


Russia and USA play a major role in the price mechanism of crude oil especially as they are non-OPEC members

appini:
Wetin dey beat band for dove for shaking his head always na inside ground e dey.

What is dragging the naira down south is not only about the price of crude oil.

Is there anything Ubah is trying to hide from the Nigerian authority?

is he obligated to help wen there are official olodo economic advisers around d presidency? He's jst concerned fortunately.

It's beginning to appear to me like the free fall of the Naira is nothing but a big scam in high places. It seems corruption is at FULL throttle somewhere between the CBN, banks, and Aso Rock. Certainly, Ifeanyi Uba has proved this Naira fall is largely man-made.

Guyman02:


The problem with Nigeria is people like this. So he must invest in APC before he can be accommodated in the scheme of things in his country?
When fuel marketers where dealing with us and we spent days at the filling stations and this guy pulled the rug from under their feet, what did you say then?
This why talents across Nigeria are being wasted and Seun Osewa platform is doing a goo job showcasing Nigerians from different tribes building airplanes models, bicycles, water pumps etc.
Please work on your mindset and eschew sentiments from your life.

Park well. Mr. Ubah is a businessman. He can never stake his wealth if he is not certain of returns in folds to his pocket. If you want to eat with the devil, make sure yu use long spoons.

Is he not a Nigerian? Why ask for a position before helping? Why not help out and then your knowledge will earn you thee position? Or do yu think d government will ignore him when his methods pay out well? His motives are not clear and for that I doubt of FG will give him audience

Naija9090:


Wetin him know? If not for successive governments supporting Dangote, Ibeto would have taught him business 101. Ibeto trained Ifeanyi Ubah as a young man in business years ago in Nnewi...

You they mind am ? The man even predicted 500 to a dollar. So much for an African richest man. The man fall hand

Naija9090:


" He cannot reap where he did not sow"

This fellow response is highly deplorable. Represents everything wrong with Nigeria and why we can never succeed. We put cronyism, nepotism and tribalism ahead of meritocracy and diligence. If we had another fuel crisis and he was in the position to help...we shouldn't let him or he shouldn't help because by your logic ...he didn't sow with the current government so cannot reap? SMH

Don't mind that idiootic hediot.

NONSENCE,PEOPLE ALWAYS DOING UR JOB 4 U,C HOW NIGERIANS ARE SUFFERING. HOW MUCH WAS ONE DOLLAR B4 U TOOK OVER .I KNEW IT 4RM D START DAT NIGERIA IS DOOMED.U BETA DANCE 2 UBA'S TUNE OR ELSE D POOR MASSES WILL CONTINUE 2 SUFFER. INCOMPETENT LEADERS EVERY WHERE

Achuwa1:
Nigeria economy in the hands of igbo men,,,the day the igbo men secced nigeria,the day nigeria woes will begin

and what do u have to offer, what idea have u came up with, what solution are u bringing as an ANTI IBO MAN or NONE IBO MAN that u are? Someone came up with a suggested solution on how to sterbilize the falling economy and u that does'nt even have a single contribution to the nation's economy has the got to mention IBO MAN. Why not come up with ur own agenda? FOOOL

I need to be a baby mama for this guy...who has his control?

naijathings:


we need to think well before we type out things sometimes.
This is a man who has done business with the good bad and ugly. A man that has his name and reputation on the line. A man that dares to forfeit everything he has for the sake of his idea. A man who is putting his money where his mouth is unlike other LEADERS who choose to remain mute and will never come out to openly address this situation which is systematically squeezing Nigerians. And you say he does not know what he is talking about.

make I no talk sha.. Maybe you know know what you are talking about. who knows ?

I'm just saying he claims that he controls above 30 percent of the market that's a lot of importations. He has everything to lose from economic diversification. Plus he's business is putting pressure on the naira.

Has anyone taken a second to wonder about a few things:

Where did the figure of N200 to a dollar come from?
What is that round figure based upon?
Why does Ubah repeatedly quote N200 and not a different figure, perhaps N220 or N240 etc?
Is someone playing on our collective senses and intelligence?

Surely Something is not right.Hopefully we find out what that something is.

Oshii oda

M4gunners:
Without Igbo's , Nigeria will be sleeping on top of bicycle. Ubah idi egwu.

Why would FG hand over entire economy of our nation in his hand? With or without him, Buhari administration will stabilize naira. He should go and sit down and stop disturbing us on social media. He and his kinsmen are even already claiming glory when Buhari has not even shown sign of listening to his rants on media. Rubbish.

M4gunners:
Without Igbo's , Nigeria will be sleeping on top of bicycle. Ubah idi egwu.

Lol,why would we be sleeping on top the bicycle?what would happen to our bed?..u funny die

akinladejo:
There is a great sense in what this man is saying. I think Buhari should draw him near his government and litmus test his idea. rather than encouraging monopoly like the way dangote owns the whole economy we should give him a chance.

Thank God you are not Buhari.

swiffy:
NONSENCE,PEOPLE ALWAYS DOING UR JOB 4 U,C HOW NIGERIANS ARE SUFFERING. HOW MUCH WAS ONE DOLLAR B4 U TOOK OVER .I KNEW IT 4RM D START DAT NIGERIA IS DOOMED.U BETA DANCE 2 UBA'S TUNE OR ELSE D POOR MASSES WILL CONTINUE 2 SUFFER. INCOMPETENT LEADERS EVERY WHERE

Sister(?), you are already dancing to Uba's tune; just continue no need to invite others

i wonder why some people find it difficult to reason over simple issues. Ifeanyi Ubah clearly helped Nigeria out of the fuel scarcity mess by supplying tonnes of the product to end the scarcity. Now, he's talking on how to help resolve the free fall of naira without a kobo from the FG, and people are criticizing him. But my question for those people is... Why not you? Is it Ubah's duty alone? Where are our billionaires?

Even if Ubah has another motive, it's non of anyone's business. Your business should be let the economy be good and let the dollar come down. He staked N500bn if he doesn't make the change within a month, so why not give him the go-ahead? He doesn't want the FG to pay him either.

We really need to be appreciative in this country. Everything shouldn't be centered on politics and tribalism always. It's encouraging to support those who are being patriotic by any possible way instead of abusing them. He has done it during the fuel scarcity crisis without anyone's consent. Now, he's asking just for permission without pay and people are condemning him. Wow! It's very hard to please the masses.

johnmartus:
the position ubah is asking for is a sensitive one which cannot be materialize he should have know that he cannot reap in where he did not sow imagine ubah magic has started working how? as if the president give him go ahead? must he praise himself when is not even yet allow to do the job? and besides is there is no any other way he could use to see the president in private instead of social media? if he want to play gamble he should seek for another place else.naira is coming back i salute mr president courage kudos to you sir.

With your likes Nigeria will never be good

wayodude:
Has anyone taken a second to wonder about a few things:

Where did the figure of N200 to a dollar come from?
What is that round figure based upon?
Why does Ubah repeatedly quote N200 and not a different figure, perhaps N220 or N240 etc?
Is someone playing on our collective senses and intelligence?

Surely Something is not right.Hopefully we find out what that something is.

If you know your onions on economics well .... The rate should be on 199/200 or 201.... Take your time and do the maths

i pray he make it happen.

johnmartus:
the position ubah is asking for is a sensitive one which cannot be materialize he should have know that he cannot reap in where he did not sow imagine ubah magic has started working how? as if the president give him go ahead? must he praise himself when is not even yet allow to do the job? and besides is there is no any other way he could use to see the president in private instead of social media? if he want to play gamble he should seek for another place else.naira is coming back i salute mr president courage kudos to you sir.

APC folks always complaining
I hope it is now very clear that those handling the economy are totally clueless and incompetent.

If you blame the fall in crude price for the astronomical loss of the value of the naira,
then who do you blame for the 2016 budget of YAMS?

My point is that the Buhari government is totally confused and bereft of ideas.

SkinnyDude:
do you think FG can take his asset if he failed??

That, in fact, is the 500 billion Naira question. No legal basis for that, and Ubah knows it. Could he be simply grandstanding? What do I know!

naijathings:


we need to think well before we type out things sometimes.
This is a man who has done business with the good bad and ugly. A man that has his name and reputation on the line. A man that dares to forfeit everything he has for the sake of his idea. A man who is putting his money where his mouth is unlike other LEADERS who choose to remain mute and will never come out to openly address this situation which is systematically squeezing Nigerians. And you say he does not know what he is talking about.

make I no talk sha.. Maybe you know know what you are talking about. who knows ?

Do you think Donald Trump has not done business with the good, bad and ugly?, but that does not validate his approach or policy, If he is doing business in what capacity? Do you want to compare his $2 billion asset, not verified, to the Nigerian economy? The biggest economy in the entire Africa?

If he is that good, he should be the richest man in Africa.

akinladejo:
There is a great sense in what this man is saying. I think Buhari should draw him near his government and litmus test his idea. rather than encouraging monopoly like the way dangote owns the whole economy we should give him a chance.

dangote have not started with nigeria...wait for his refinery in 2018...his going to become an oil warlord in africa.

Buhari pls liston to this man...he is making sense in all he is saying..

The man name sound like one wicked bank,UBA.though,i love the man confidence.

Naija9090:


When he saved us from fuel scarcity; flooded the market with fuel at reduced rate forcing all other marketers to do the same....it wasn't real? SMH...say no to tribalism!

I'm not tribalistic I just believe every business man doesn't just do business if he doesn't see profit in it

seyibaale:
I'm not tribalistic I just believe every business man doesn't just do business if he doesn't see profit in it

of course there will be profit for him in the end... in this present world i doubt if there is something like a "selfless act"

Naija9090:


" He cannot reap where he did not sow"

This fellow response is highly deplorable. Represents everything wrong with Nigeria and why we can never succeed. We put cronyism, nepotism and tribalism ahead of meritocracy and diligence. If we had another fuel crisis and he was in the position to help...we shouldn't let him or he shouldn't help because by your logic ...he didn't sow with the current government so cannot reap? SMH

i like the knock u gave to dat funny and unreasonable guy. By right whether Dr. Ifeanyi Ubah is a PdP card carrier or not, as a Nigerian, He has every right in this government. Where is that naive guy getting the idea of '' he (Ubah) cannot reap where he did not sow?''

menxer:


Na wa for your conclusion.

Yes, Ubah has a proposal, but is it not a "media proposal" like every other issue in media domain?

I was expecting some people to say it's media propaganda

Has he sent an official copy (hard or soft) to the Presidency/FG or is it going to be a media based consultation?

The 500bn staked is not cash money but assets worth.

, channel TV, is not just a media like NAIRALAND and Facebook. And you know as it is now, u don't just say anything(rubbish) on media and go Scott free,