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Nairaland Forum / Nairaland / General / Politics / CBN Governor Should Be Sacked With Immediate Effect (36107 Views)
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Re: CBN Governor Should Be Sacked With Immediate Effect by 1stola: 10:50am On Jul 03, 2015 |
belzabull:Go to HELL! Fûcking asshóle! Daughter of a drunkąrd old foól father and a whòre mother.
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Re: CBN Governor Should Be Sacked With Immediate Effect by kenex4ever(m): 10:50am On Jul 03, 2015 |
Jorussia:are they up to 2/3? 1 Like |
Re: CBN Governor Should Be Sacked With Immediate Effect by belzabull(f): 11:00am On Jul 03, 2015 |
1stola:Not a nice way to address your mum, not nice at all 2 Likes |
Re: CBN Governor Should Be Sacked With Immediate Effect by trillville(m): 11:12am On Jul 03, 2015 |
freshdude99: Go to http://www.x-rates.com search oil producing countries such as Qatar, Kuwait, United Arab Emirates. You will find out that these countries have remained mostly unaffected by the recent fall in oil prices. Do your research yourself, I am not getting paid to teach. |
Re: CBN Governor Should Be Sacked With Immediate Effect by 1stola: 11:22am On Jul 03, 2015 |
belzabull:Not a nice way to address your whòre mother and your drunkąrd old foól father , not nice at all. |
Re: CBN Governor Should Be Sacked With Immediate Effect by richidinho(m): 11:23am On Jul 03, 2015 |
NgeneUkwenu: I don laff die 1 Like |
Re: CBN Governor Should Be Sacked With Immediate Effect by akeensbussy(m): 11:24am On Jul 03, 2015 |
The problem with Nigerian Economy is not about not about naira evaluation or devaluation but been able to produce much needed exportable products. over reliance on Crude oil export is killing our economy. Today we import virtually everything include toothpick yet some people still want naira to be at per with the dollar, impossible! Do you know that 1,113 Korean Won is equal USA$1. yet the Korean economy is the 13th in the world and they are enjoying because it is an export oriented economy. Economy and Development has nothing to do with the exchange rate but what we have to produce (innovation) and Exportable goods and services. 2 Likes |
Re: CBN Governor Should Be Sacked With Immediate Effect by mikolo80: 11:28am On Jul 03, 2015 |
imhotep:akunyili was not from imbecillic north o and we all rallied round her until she started stealing,same for okereke onyuike and ngozi(first coming),soludo included.we also tackled stupid yoruba ministers and governors so what the Bleep are you griping about |
Re: CBN Governor Should Be Sacked With Immediate Effect by NgwaManNaija4LF(m): 11:43am On Jul 03, 2015 |
Jorussia: There is nothing like Igbo this and that here, if the man can not handle the heat, he should be sacked. Period. |
Re: CBN Governor Should Be Sacked With Immediate Effect by henryhemon(m): 11:49am On Jul 03, 2015 |
omolami: Only silly ,immature and those who haven't gone around the country/the world people view everything from ethnic angle. Please move around and mix up with folks from different background, that way can you only grow up from your useless mindset and that will show you are matured. Am not a northerner for your records. 2 Likes |
Re: CBN Governor Should Be Sacked With Immediate Effect by henryhemon(m): 11:50am On Jul 03, 2015 |
Only silly ,immature and those who haven't gone around the country/the world people view everything from ethnic angle. Please move around and mix up with folks from different background, that way can you only grow up from your useless mindset and that will show you are matured. Am not a northerner for your records. |
Re: CBN Governor Should Be Sacked With Immediate Effect by LeOstrich: 11:52am On Jul 03, 2015 |
1stola: You still being allowed to post here shows how bias nairaland is. I have been banned for stating that Yorubas will be left out in a Buhari govt but here you are displaying your delinquent omota upbringing. Seun this your forum won't last long. The only thing that is keeping you afloat is posters like us who check the foolishness of your APC Janjawiids. Once we stop patronizing your site watch how the debate will reduce to shilling. |
Re: CBN Governor Should Be Sacked With Immediate Effect by sweetgala(m): 12:05pm On Jul 03, 2015 |
omolami: More like western agenda against Nigeria The IMF and World Bank are flustered, and want to attack the CBN , The Economist is a western tool to sway the reasoning of suits on wall street. Buhari need to keep the man in there. Appease the Igbo if for nothing, if he touches him that would be the end of it. CBN need to evalute what need to banned, maybe shore up importation of vehicles fees , increase VAT on spare parts , etc |
Re: CBN Governor Should Be Sacked With Immediate Effect by rontolo(m): 12:06pm On Jul 03, 2015 |
The article by the Economist is surprising. It's not only shabby, but seems somewhat 'influenced' by factors other than purely economic ones In Nigeria's best interest I am a keen advocate for leaving market forces to determine the Naira value. This will make our economy more competitive in the long run by attracting foreign investment and encouraging local production. It will also discourage the rent seeking culture prevalent as of today. I see why international investors clamour for 'devaluation' as this gives them more for their buck and reduce investment risk However, finding fault in a policy that seeks to prohibit importation of toothpicks smacks of folly. Singing the praise to heaven of a former cbn chief who oversaw the squandering of our foreign reserves in a desperate, Illadvised effort to defend the Naira and keep inflation within single digits is mischievous. The current cbn governor has done the right thing. My wonder is how it has taken our policy makers this long to come to |
Re: CBN Governor Should Be Sacked With Immediate Effect by sweetgala(m): 12:12pm On Jul 03, 2015 |
LeOstrich: Tone down the self. Little. Might do you some good |
Re: CBN Governor Should Be Sacked With Immediate Effect by Sultannayef: 12:24pm On Jul 03, 2015 |
grandstar: We are still saying the same thing. Read my comment slowly. |
Re: CBN Governor Should Be Sacked With Immediate Effect by Myself2(m): 12:25pm On Jul 03, 2015 |
Sultannayef: Don't mind the ignoramus. Whetehr they like it or not,Godwin Emefiele will stay as CBN governor beyond the term of mallam Buhari of west Germany and THERE'S NOTHING the bigots can do about it |
Re: CBN Governor Should Be Sacked With Immediate Effect by kaboninc(m): 12:59pm On Jul 03, 2015 |
trillville: Loooooooooooooooooooollll.... My brother, you analysis get as e be oh. I'll take them one by one. Legooo! Godwin and Buhari are grasping at straws trying to save the Naira, Are they going to succeed? Nobody knows. The unintended consequences of Buharinomics such as hoarding of foodstuff by sellers may occur again. What we need from your Buhari is an economic policy direction. A policy direction in the petroleum industry, in the power industry, in the stomach industry, in the agricultural industry, in the financial industry, in the industryyyyyyyyyyy oga. Help us ask him when he intends to unveil his economic poooriiiccciii. Do you start studying for an examination in the middle of the exam. We are already in a currency crisis. This crisis will continue until global supply of crude oil diminishes or global demand for crude oil grows. The earliest foreseeable date as at now is 2019. This is how long this crisis may continue for. Firstly, what led to the crash in prices of crude oil? One major cause is discovering in self sufficiency levels shale oil in US. Another is Saudi's insistence of not reducing oil output quota ostensibly to "punish" the US. Since the OPEC cartel refuses to reduce oil supply quantities, but rather, pump in more oil into the market, the resultant effect is to make the business "unattractive" for new ventures, exploration and production. However, what are the consequences? Shortened cash calls due to low oil prices, reduced investment in exploration activities. Reduced rig counts, abandoned oil wells in the US leading to gradual focus for demand outside the US. Demand increases worldwide and oil prices rebound. Would that take up to 2019....nope. Why? Because there is an increasing need for energy, most especially gas, and gas in Nigeria is in abundance! In summary, oil prices will not sell around today's value of 63 USD per barrel in 2019. It will be over a 100. How low will the Naira go? 300 Naira per dollar, 400 Naira per dollar? no one knows. Probably you did not read my piece. The rates you're brandishing are black market rates. An objective question would be what is the effect of the unregulated black market in today's Nigerian FX market? What is the value of FX (USD) traded via the black market compared to the officially recognized window (interbank window)? How many major importers or exporters use the black market for their legitimate business? Which of the corporations, conglomerates, large industrial companies, IOCs use the black market to meet their FX obligations? If you can name 1........(Trillvill Corp.) The black market was supposed to carter for small FX transactions like medical fees, school fees, travel allowances but some Nigerians have abused it so much that it now operates as another 'window' of sourcing large quantities of FX. No country with national interest at heart allows that. All countries pursues national interests; interests that are beneficial to the growth and development of their economy. The current exchange rate, is around 197 to the dollar. And I must tell you, you have no idea behind the rationale of devaluing the currency. Nigeria is in trouble, the type of trouble it hasn't faced in 30 years, trouble as a result of poor the leadership of Goodluck Jonathan. The appropriate term should be that Nigeria has a cash call problem due to low revenue. You do not know much about basic business operations. I hate it when you accuse Goodluck Jonathan. One thing you always fail to remember is that this same Goodluck Jonathan pursued the drive for diversification with so much vigour that there is reduced pressure on the naira due to reduce importation of rice. Nigeria got to a self sufficient state in cement also taking away substantial fx demands. He also focused on automobile industry, creating enabling environment for manufacturers to come in, the same happened in the sugar and cassava. Then the drive for indigenous participation in the petroleum industry. You seriously do not know what you're talking about. If our refineries are truly fixed and we can produce about half of our local demand for petrol, this may help to stabilise the Naira. Jonathan led the drive to fix our refineries. Not your Buhari as one of your comrade in confusion, PassingSho.t, abi Drop.Shot erroneously theft the glory to Mr. Buhari. 1 Like |
Re: CBN Governor Should Be Sacked With Immediate Effect by 1stola: 1:06pm On Jul 03, 2015 |
LeOstrich:Shut da fùck up tripe. Wailing wailer 1 Like
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Re: CBN Governor Should Be Sacked With Immediate Effect by godwinkessi: 1:21pm On Jul 03, 2015 |
Sultannayef: I've seen for months how senseless this NgeneUkwuenu is and I just concluded she/he is somewhere in the psychiatry |
Re: CBN Governor Should Be Sacked With Immediate Effect by ibietela2(m): 1:58pm On Jul 03, 2015 |
freshdude99: That transgender idiotic imbe.cile is never from the ss/se |
Re: CBN Governor Should Be Sacked With Immediate Effect by DMerciful(m): 2:02pm On Jul 03, 2015 |
You the competent one is a nobody while the incompetent one is the CBN Governor......Clap for yourself . NgeneUkwenu: |
Re: CBN Governor Should Be Sacked With Immediate Effect by cjrane: 2:08pm On Jul 03, 2015 |
"When it comes to BIAFRA, the Yorubas and Hausa/Fulanis are the WORST hypocrites.. They bitterly hate the Igbos and indeed the southern minorities and would want them to leave Lagos etc and go stay in their own country! But in contradiction to their true feelings, they don't want Biafra because they want to perpetuate their right to collect the lion share of the oil resources sourced from the same peoples land, using the bogus criteria they foisted on the country called Nigeria. Without oil in Igboland and Southern minorities part of Nigeria, Yoruba and Hausa/Fulani would have long seceded from Nigeria. FACT! I know just like me, many of our people are not 100% convinced Biafra is the answer, while many others already are. Therefore, we should agitate for a UN sponsored referendum on the Biafra issue . Northern Ireland fought the British for 30 years for the independence of Northern Ireland, but the referendum proved that majority of the people wanted to stay in the UK. Likewise, the South Sudan's referendum proved majority of South Sudanese wanted to be in their own country. Therefore, a United Nations sponsored referendum should be the demand to see if majority of our people support independence or to stay in Nigeria."- Oremi22 NLander |
Re: CBN Governor Should Be Sacked With Immediate Effect by poseidon12: 2:11pm On Jul 03, 2015 |
LeOstrich: Thank you very much for this. A lot of us are very ignorant. And surprisingly, @NgeneUkwuenu claims to be an economist. I hope he was joking. |
Re: CBN Governor Should Be Sacked With Immediate Effect by dumodust(m): 2:18pm On Jul 03, 2015 |
trillville: We all failed as a country to save, we cant all absolve ourselves of blame, right from the oil boom of the 70s, we got it wrong and are still getting it wrong now... since we are so divided along party and ethnic lines and cant really hold politicians accountable. For now, what has happened has happened, looking back wont solve anything.... we're not finished yet, let us start holding government accountable and start critically assessing everything and creating awareness instead of them versus us kind of statements. if this country sinks, its us that will be left behind, the political class will abscond with their loot 1 Like |
Re: CBN Governor Should Be Sacked With Immediate Effect by alexisalex: 3:36pm On Jul 03, 2015 |
The man is incompetent, I tell you! As an economist myself, I know what I am saying! |
Re: CBN Governor Should Be Sacked With Immediate Effect by freshdude99(m): 10:03pm On Jul 03, 2015 |
trillville:Pride! Well with the little u just said above shows ur brain not only lack facts but also content. The countries u just listed above were the main drivers of the fall in oil prices bcz with the help of America, they produced beyond the agreed quota of opec and flooded the market which led to the fall in oil prices. Then the west went ahead to boycott our oil in international markets. It's not rocket science Mr teacher, it's a calculated attempts to finish our economy by the west for challenging them in the anti gay bill + our recent romance with Chinese. So please hold ur teaching bcz its useless to me and lacks content and facts |
Re: CBN Governor Should Be Sacked With Immediate Effect by trillville(m): 1:14am On Jul 04, 2015 |
kaboninc: When the Naira's official rate falls over 230 this year, do not blame Buhari. Know that it was Jonathan's actions or inactions that has led to it. If the Naira falls beyond 300 per dollar before the end of next year, do not call me a wizard, and know that it is still Jonathan's policies that have led to the devaluation and not the CBN governor or Buhari. Prices of raw materials for a business tends to fall as more people go into the business. This is as a result of economies of scales. The raw material producer can manufacture in bulk save cost, hence making equipment cheaper. The cost of Fracking is bound to get cheaper with time. This will enable drillers to make a profit at prices lower than what is obtainable now. The problem me and you have is that you think about the present and you lack foresight to see what is coming in your horizon. You are a draft player. I on the other hand, I'm a chess player, I see things well into the future, hence I see disaster long before it happens. Take the exchange rate for example. I have no interest in the artificial rate set by the CBN, I am more interested in the rate as a result of demand and supply (the black market rate). For you to bring up this as an issue just shows me how shallow your thought process is. I have assumed all along that you are a university graduate but I am starting to have my doubts now. |
Re: CBN Governor Should Be Sacked With Immediate Effect by bukster(f): 4:13am On Jul 05, 2015 |
Ever since the CBN governor suggested that we should sell the Niger Delta oil reserves to foreign companies to fund our economy now, I haven't been able to trust him. With Nigeria's current corruption rate it would have been madness! He would be selling out the future of Nigeria to a few high ranking politicians. Some of his policies of the late have not seem advisable and I also believe he should be replaced. I don't care who he is replaced with or what tribe he of she is from, I just want that person to be competent. 1 Like |
Re: CBN Governor Should Be Sacked With Immediate Effect by jpphilips(m): 10:46pm On Jul 12, 2015 |
dragon2: And she didn't resign? go and hide!! 1 Like |
Re: CBN Governor Should Be Sacked With Immediate Effect by jpphilips(m): 10:47pm On Jul 12, 2015 |
dragon2: And she didn't resign? hide bro!! 1 Like |
Re: CBN Governor Should Be Sacked With Immediate Effect by jpphilips(m): 11:14pm On Jul 12, 2015 |
myproperty: The mumu is an importer what do you expect? 1 Like |
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