Ezekwesili, a former member of the federal executive council, condemned the CBN for pursuing what she described as an “anachronistic exchange rate management” which she said also actively rewards corruption.

Accusing the CBN Governor, Emefiele of doing more damage to the[b] Nigerian currency[/b] in a bid to pander to political emotion, Ezekwesili advised that the most honourable path for the CBN in the present situation is to accept that it made the wrong decisions and reverse its steps.

The former minister noted that Russia, another major oil-producing state, has not been badly affected by the plummeting crude oil price because the Central Bank of Russia ceased fixing the exchange rate of the country’s currency when it was faced with empirical evidence of the futility of doing such.

Demmocrats:
op link

salisy:
Directionless CBN


Trying hard to bring PMB down

salisy:
Directionless CBN


Trying hard to bring PMB down

Ijaya123:
I blame GEJ for this ineptitude CBN governor. Afterall, he appointed him.

oduastates:
Many people dey fall my hand.
Ekwesili is even using Russia as example.
That is a country with over 12 times the landmass of Nigeria. a country as scientifically and technologically advanced to rival any on the planet.
Russia has the Base to produce most of what it consumes ; if not all.
All they had to do is reduce or restrict imports and look inwards.
Honestly speaking, the Nigerian non-economy built on the foundation on corruption need to be dismantled first and rebuilt.
In a country with this much poverty, can anyone explain why prices rival those of more advanced and richer countries?
I support the restrictions are in order.
Look inwards

PROVACATEUR:
looking inwards is a long term strategy because we don't have the industries to shore up our manufacturing sector. We need a short term strategy to ameliorate this burden crushing our spine

oduastates:
Many people dey fall my hand.
Ekwesili is even using Russia as example.
That is a country with over 12 times the landmass of Nigeria. a country as scientifically and technologically advanced to rival any on the planet.
Russia has the Base to produce most of what it consumes ; if not all.
All they had to do is reduce or restrict imports and look inwards.
Honestly speaking, the Nigerian non-economy built on the foundation on corruption need to be dismantled first and rebuilt.
In a country with this much poverty, can anyone explain why prices rival those of more advanced and richer countries?
I support the restrictions are in order.
Look inwards

oduastates:


There is nothing long term about looking inwards and doing the right thing.
Japan made leap than 10 years and by the 50th after coming out of isolation,was already a first world bully
China did same in 10 years
South Korea did it in 10 years.
First of all, y'all need to cure yourselves of the insanity of those 2 Christianity and Islam.
Anyone who cannot see those 2 for what they are csn never see the solution to Nigeria's problem as it is.

PROVACATEUR:
the problems we have now needs immediate solutions and not a 10yr window

Dereformer:



Your English is terrible.

oshyno:
My take in all these is the communication gap. Nobody knows d policy direction of PMB.
Sometimes I wonder if finance ministers mouth is celotaped. I mean, how hard is it to assuage peoples fear. Talk to us. Tell us things are going to be better. Tell us sectors the govt is going to shore up and how. We are in limbo.

There is a total communication gap between this govt and the people cum investors. It is as if the govt wants to suprice us. Like there is some kind of suprise policy they are cooking. Hez presenting a budget and we don't know yet his direction in our rail sector, agriculture, housing etc. I just tire

Joe4lv:
though am not an economist or a financial analyst but I think I go with oby on the part of having a public suggestions on the way out of our rigid CBN policies that is crippling the economy.

What CBN fails to know is that the idea of the few on financial regulations maybe wrong so their should be a collation of ideas from past CBN governors, world bank reps from Nigeria, bankers,etc.

madam oby seems to know too much outside the office so she should be given the position of CBN governor with a six months ultimatum to ensuring a stable exchange rates and if she fails,lay her off.

it is easier to know all the solutions to a problem outside the problem but when given the mandate to solve it,it becomes difficult.

PROVACATEUR:
the problems we have now needs immediate solutions and not a 10yr window

Realdeals:
Is she warming up to takeover from Emefiele?