odinese:
F

slimfit1:


I prefer this cow my sister corruption is now stealing carry go let haters keep hating . May God almighty protect president M Buhari , and give him knowledge of wisdom and understanding.

TheDevilIsALai:


And why should the banks lend SMEs when they can lend one state 40bn naira at a swoop without bordering how to manage the loan faccility?

Why take the risk by providing loans to thousands of SMEs that will be into local manufacturing ? They never borrowed money to local manufacturers in the past and preferred to borrow importers , so why should they partner with SMEs now?

The cheap loans will be swooped on by governors who will simply convert a chunk of it to dollars and stash in their Swiss accounts and use the remaining to fund over priced and useless projects contracted to themselves via their cronies.

This is 9ja where very sound policy ends up being tarnished by evil politicians

okosodo:
CBN is very funny. Wether they devalue it or not, the effects have started. This is what you get when a cow is a president

KINGinVAHALA:

And what would you call yourself when a cow is ruling you?

A COW THAT YOUR CHURCH RAT FATHER WOULD SHED BLOOD JUST TO GET THE JOB OF HIS SHOE SHINNER

Please tell this forum what your father has attained in life.

kayfra:
I swear they should make me CBN governor when they keep adopting my suggestions (lowering interest rates). My recent posts below:










Watch him adopt more of my ideas.

kayfra:
I swear they should make me CBN governor when they keep adopting my suggestions (lowering interest rates). My recent posts below:

Hi there,
Great ideas... Not an economist though
My 2 cents:

I do not see devaluation as a magic wand. We are currently an import dependent economy... In moving away from an import all orientation the FX rates are quite critical. SME's, Manufacturers need good exchange rates to get machinery and other inputs.So a steep devaluation may hurt really badly. It will not help the solid mineral extractive industries that we really to grow at this stage.

The circuit breaker approached that was adopted by China stock exchange market (though not successfully) may really help if well fine tuned. Most of the institutional investors pulling out will always do so in any economy. They are not long term investors. The reason they want the devaluation so much more is the advantage they get in the shares being pea nuts after they have pulled out.
Its actually time for local finance institutions to pick the units up....i hear a lot of northern based finance houses are looking at the share prices now. They are cheaply attractive.

Reducing the interests rate is one thing to do but we need investment in infrastructure. Energy,roads,security, health all play their roles in growing local production.
Local Institutional investors, Pension funds reinvestment may be alternative. Low interest loans from infrastructure focus institutions may help, investments can be recouped by toll rates on PPP financed facilities.

Solid Minerals is another tap yet opened. Limestone, gem stones, coal, bitumen are minerals we haven't really considered. Low interest rates, adopting new revenue rates.

Adding real value to local consumption of refined crude is another option. NNPC is already looking at higher participation in the retail area. Petrochemical products as well.









Watch him adopt more of my ideas.

Chinazaekperem5:


Speculative assumption sir

Any evidence to back up your assertion?

I would imagine that there would be a more vibrant oversight to solidify and ensure the policy direction

KINGinVAHALA:

And what would you call yourself when a cow is ruling you?

A COW THAT YOUR CHURCH RAT FATHER WOULD SHED BLOOD JUST TO GET THE JOB OF HIS SHOE SHINNER

Please tell this forum what your father has attained in life.

erico2k2:

Why attack the guy?let the cow defend himself. Any public figure or ruler is subject to abuse and ridicule. Even Jesus and the prophet mohamed where.so U insulting his Dad is just plain silly to be honest.

TheDevilIsALai:


Still sleeping

arent88:
and the president is nt somebody's dad right.

okosodo:
CBN is very funny. Wether they devalue it or not, the effects have started. This is what you get when a cow is a president

okosodo:
CBN is very funny. Wether they devalue it or not, the effects have started. This is what you get when a cow is a president

Seelurd:



And the cow will be your president till 2019. Kill yourself. If you like.

godoluwa:
LET THE PRESIDENT DEFEND HIMSELF. I KNW THAT YOU ARE STILL EATING FROM YOUR MUMS POT, WHEN YOU BECUM A MAN YOU WILL HAVE CLEAR KNOWLEDGE OF THIS BAD POLICY.

morkaz:


When will Nigerians be mindful of happenings around them. For God sake, these issues generated from the corruption of the last administration. Too much of dollars in circulation being shared as if they are sharing "pomo". The current administration is trying hard to normalize the economy but here u are criticizing them for the wrong of there predecessor.

okosodo:
CBN is very funny. Wether they devalue it or not, the effects have started. This is what you get when a cow is a president

arent88:
and the president is nt somebody's dad right.

Guyman02:
Several companies have reported that they had to resort locally fabricated equipment to do their projects which helps the local economy. I support the CBN, now local toothpick and chewing stick makers can make more sells instead of important toothpick from India and China.

erico2k2:

Local fabrication has never been our problem coming from an engineering point of view raw materials and technical know how has been our major challenge. That comes with dollar purchase.

erico2k2:

Why attack the guy?let the cow defend himself. Any public figure or ruler is subject to abuse and ridicule. Even Jesus and the prophet mohamed where.so U insulting his Dad is just plain silly to be honest.

erico2k2:

When you buy sadine 5k next month then you will eat your words.