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Nairaland Forum / Nairaland / General / Politics / Sanusi: Buhari’s FX Policy Encourages Corruption-thecable (34408 Views)
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Re: Sanusi: Buhari’s FX Policy Encourages Corruption-thecable by Uncletony(m): 6:13pm On Feb 08, 2016 |
Kenai: Sir am sorry oo madam tinubu don collect one of those forms last month, e remain only 13. |
Re: Sanusi: Buhari’s FX Policy Encourages Corruption-thecable by henryuzor(m): 6:14pm On Feb 08, 2016 |
Foooooooooool tuniski: |
Re: Sanusi: Buhari’s FX Policy Encourages Corruption-thecable by henryuzor(m): 6:16pm On Feb 08, 2016 |
You have a shallow brain and you think with your anus Lordave: If anyone should talk about economic policies and the decline of the Naira it shouldn't be Sanusi. He still remains one of the worst economic policy makers in the history of Nigeria. I can't believe he's talking about devaluing the Naira. In the developed nations when currencies are devalued, it is to encourage exports, because the prices of local products serve as an incentive and a toast for foreign buyers. In the process, they earn foreign exchange, increase production and create additional jobs. Unfortunately, that is not the position with Nigeria. Oil is our major export and with the price of oil so low there are more supplies than demand. Can someone tell me how devaluation at this crucial stage will yield any positive effect for Nigeria? Unless we anticipate rise in oil prices and Saudi Arabia, Iran and Russia decreasing oil production |
Re: Sanusi: Buhari’s FX Policy Encourages Corruption-thecable by PBundles(m): 6:16pm On Feb 08, 2016 |
The gap between the black market rate and the “artificial” official exchange rate would keep widening until the bank adopted a more realistic policy or the price of oil climbed and dramatically increased reserves, he further said. He said a more flexible exchange rate policy at this point would be the “least bad option”. “We are hopeful that given all the other positive things done so far, policy will head broadly in the right direction and flexibility will come in down the line.” Dont want to say I told you so but.............. I told you so: https://www.nairaland.com/2882970/see-why-naira-may-fall/7#42529604 PBundles: 1 Like |
Re: Sanusi: Buhari’s FX Policy Encourages Corruption-thecable by searay(m): 6:20pm On Feb 08, 2016 |
Lordave:Abeg which one be PMD 1 Like |
Re: Sanusi: Buhari’s FX Policy Encourages Corruption-thecable by Dagoma: 6:24pm On Feb 08, 2016 |
tuniski: Agreed to some extent. He is unlike Mugabe cause in many instances he (Buhari) dance to the tune of the west, but Mugabe don`t. 1 Like |
Re: Sanusi: Buhari’s FX Policy Encourages Corruption-thecable by Reference(m): 6:30pm On Feb 08, 2016 |
In this 'Season of Sealing', I hope the Emir's palace is not visited by those men with paint brush and your white turban is marked with a 'red X'. Happy valentine dear EFcC. |
Re: Sanusi: Buhari’s FX Policy Encourages Corruption-thecable by onatisi(m): 6:30pm On Feb 08, 2016 |
tuniski:
|
Re: Sanusi: Buhari’s FX Policy Encourages Corruption-thecable by nijanigga: 6:31pm On Feb 08, 2016 |
Wailing wailers are wailing wailers, it's not the same as constructive criticisms which wailing wailers are ignorant of.Sanusi is has the right to criticize constructively. |
Re: Sanusi: Buhari’s FX Policy Encourages Corruption-thecable by ADAMUdaCOWBOY: 6:35pm On Feb 08, 2016 |
tomtween:Sanusi is a very objective guy that will say the truth no matter whose ox is gored, he is not like some clowns who insist goodluck is a hero even though he opened the doors to our treasury for his cronies to loot. |
Re: Sanusi: Buhari’s FX Policy Encourages Corruption-thecable by henryutd(m): 6:38pm On Feb 08, 2016 |
Motherfucker2:Even chibok girls are now with their parents. 1 Like |
Re: Sanusi: Buhari’s FX Policy Encourages Corruption-thecable by bluaero(m): 6:40pm On Feb 08, 2016 |
MadCow1: You still dey ask |
Re: Sanusi: Buhari’s FX Policy Encourages Corruption-thecable by Reference(m): 6:42pm On Feb 08, 2016 |
abbey621: Oga. Stop this nonsense. Devaluation is not just about exports. It is also about investment. If your currency is artificially supported investors hold their dollar investments and the disaster unfolding in the oil industry is one to watch. You need investment to maintain production and maintain installations. Expect our oil output to gradually fall together with our market share and influence to such an extent we will find hard to recover when oil prices rebound. It is a silly, sentimental policy with no long term benefit. 1 Like |
Re: Sanusi: Buhari’s FX Policy Encourages Corruption-thecable by Nobody: 6:59pm On Feb 08, 2016 |
PMB I hail ooooo, sote ur fellow kwaraption fighters are getting tired of you |
Re: Sanusi: Buhari’s FX Policy Encourages Corruption-thecable by otitokoroleti: 7:05pm On Feb 08, 2016 |
DonXavi:honestly I'm loving it as d wailers camp just dey multiply every seconds |
Re: Sanusi: Buhari’s FX Policy Encourages Corruption-thecable by henrybomb(m): 7:06pm On Feb 08, 2016 |
nigerianvenom:Sanusi has said it all..PMB doesn't rily know anytin abt forex him just dey do anyhow..dose policies can neva make d dollar reduce,instead it will make it skyrocket |
Re: Sanusi: Buhari’s FX Policy Encourages Corruption-thecable by meccuno: 7:28pm On Feb 08, 2016 |
nigerianvenom:No matter how hard the president tries, Nigeria would never prosper under an atmosphere of tribalism and religious bigotry. Corruption in the civil service started in the time of murtala and flourished during the IBB era. We would continue to play the ostrich and avoid those things that we need to do to make this country a better place. A lot of sacrifices has to be made. The right people have to be elected, the populace has to be educated by "force", even if it means to secondary school level so we do not have a population that needs "Nepa Bill" as a means of showing education!! Most times it disgust me how dis united we are but still want an indivisible country and refuse to do what's right. Let's be sincere with our selves, we need to go back to federalism. So that we develop at a reasonable pace. Those who want to lag behind is up to them. How can we have minerals and still be poor as a nation?? No nation succeeds without qualified people being in the helms of affairs..in a sane society, most leaders we produce would not even be there but for tribalism 3 Likes 1 Share |
Re: Sanusi: Buhari’s FX Policy Encourages Corruption-thecable by abbey621(m): 7:48pm On Feb 08, 2016 |
adeomolisabi: I beg to differ! declining non-oil exports has nothing to do with the value of Naira rather it has everything to do with government policies focusing heavily on oil and the refusal to pursue diversification. Looking at your second point, you do have a point but how many people can easily purchase dollars at the CBN rate? Buhari's currency policy aims to strengthen the Naira by reducing over dependence on foreign currencies. The main goal is to force consumers and businesses to transact in Naira! Where most of us are confused is the fact that we somehow think the drastic decline of the Naira is more about the currency policy rather than being truthful and realizing that it was brought on by continuous decline in oil prices and the wastage brought on by the previous administration. Once we are able to recover stolen loot, stop wastage and improve infrastructures, we will see a stronger Naira; devaluation of the Naira is not the way to go! 1 Like 1 Share |
Re: Sanusi: Buhari’s FX Policy Encourages Corruption-thecable by DisGuy: 7:49pm On Feb 08, 2016 |
Sanusi is a PDP member |
Re: Sanusi: Buhari’s FX Policy Encourages Corruption-thecable by abbey621(m): 7:53pm On Feb 08, 2016 |
Reference: Devaluation is mainly about exports which ultimately affects imports, please educate yourself better and leave discussion to those more knowledgeable than you! http://www.investopedia.com/terms/d/devaluation.asp |
Re: Sanusi: Buhari’s FX Policy Encourages Corruption-thecable by able20(m): 8:00pm On Feb 08, 2016 |
I trust Tinubu him go soon form another new progressive party, this time without CHANGE slogan. Everyone everywhere everyday dey comot from Buhari side, him dey contagious |
Re: Sanusi: Buhari’s FX Policy Encourages Corruption-thecable by RawestThugAlive(m): 8:11pm On Feb 08, 2016 |
Re: Sanusi: Buhari’s FX Policy Encourages Corruption-thecable by FLYFIRE(m): 8:37pm On Feb 08, 2016 |
abbey621:You guys are pathetic. So your once revered Sanusi is now the worst economic policy maker because he spoke about your bubu's block-headedness. The strength of a man is known when he acknowledges his faults. It's not late to accept you goofed voting a NEPA certificate dullard. 1 Like |
Re: Sanusi: Buhari’s FX Policy Encourages Corruption-thecable by abbey621(m): 8:40pm On Feb 08, 2016 |
FLYFIRE: This is getting stale, you can do better! |
Re: Sanusi: Buhari’s FX Policy Encourages Corruption-thecable by worlexy(m): 8:46pm On Feb 08, 2016 |
krendo:Are Dullard and President Buhari now censored? *modified * imagine o, I typed Dull.ar.dinho and The censor board changed it to President Buhari. |
Re: Sanusi: Buhari’s FX Policy Encourages Corruption-thecable by Holyman3(m): 8:52pm On Feb 08, 2016 |
Keneking:Robot. Why is nairaland anti spam yet unable to detect you? |
Re: Sanusi: Buhari’s FX Policy Encourages Corruption-thecable by BushidoBlue(m): 9:38pm On Feb 08, 2016 |
I dey whistle dey go....
|
Re: Sanusi: Buhari’s FX Policy Encourages Corruption-thecable by FLYFIRE(m): 10:10pm On Feb 08, 2016 |
abbey621:No.. its your blind defence of an illterate that is stale & SHAMEFUL. |
Re: Sanusi: Buhari’s FX Policy Encourages Corruption-thecable by Aremson14(m): 10:11pm On Feb 08, 2016 |
Well I'm not surprised this is coming from an advanced criminal. He knows nothing |
Re: Sanusi: Buhari’s FX Policy Encourages Corruption-thecable by Nobody: 10:17pm On Feb 08, 2016 |
tico1212:sanusis not a zombie ,He might not be my favorite person when he speaks on this things out of his scope but I will listen to him now as this is his field, |
Re: Sanusi: Buhari’s FX Policy Encourages Corruption-thecable by tico1212(m): 11:14pm On Feb 08, 2016 |
tochimas:Sanusi (ZAN) is speaking from experience only if the President of ZAN would give him audience. |
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