Earth2Metahuman:
lol

Which kind economies be this o? Lower interest rate will chase investors? Choi

So what is chasing investors now? And how come most developing countries lower their interesting to boost small scale which is the main back bone of economy? E.g china.

HiddenShadow:



Are those countries economies exporting or
importing in nature

Nellybii:


And what is the significance of the 1$ to naira?
Can you explain further?
All these learners on nairaland forming economic experts do you know that the exchange rate of Japanese Yen to Dollar is 112? Do you know that Japanese economy is the world's third largest economy by GDP and the world's 4th largest economy by purchasing power parity? Do you also know that Japan has less than 4% unemployment rate? It may interest you further that the average Japanese monthly wage is $8000.
This means that the exchange rate to dollar does not actually determine how strong an economy is. Their are a lot of other indexes that matter too.

Earth2Metahuman:
china exports as much as it imports.

You still haven't told us how lower lending rate for small scale will chase investor.

HiddenShadow:


Your Yoruba sister is looking at lower interest rates for small businesses run mainly by the Igbos which seems good for us but she is not seeing the big picture

The big picture is that we must increase our dollar inflow and one way to do that is to make investment into our economy mouthwatering through higher interest until oil rebounds or we find out other sources of dollar inflow since we import almost everything including toothpicks.

Get the picture

Emefiele is looking at the dollar inflow and foreign reserve because there are the pillars on which our import based economy rest on.

Earth2Metahuman:
[s][/s] *facepalm*
I'm talking to a mor0n

izzou:


Stop displaying your ignorance. But you cried when it was falling abi?

Don't let people see this rubbish you wrote. Better edit it

2muchopoTBdope:
Buy ur whistle here!!!

Earth2Metahuman:
She is right.

Imagine ministry of finance suggesting a low interest rate for small scale business while a capitalist dunderhead at cbn insist on high interest rate.


Cut cbn power now.

Truth234:


That is one of the reasons we are where are now. Wasn't Okonjo there when the economy started current downward trend? The truth is there is lack of confluence between monetary and fiscal policies, and until both complement each other we won't have a balanced economic policy.

Gomeromo1:
This call from madam Kemi just confirms her incompetence. She is supposed to be providing leadership to the CBN and not cry like someone who has been given a task too big for her.

Nellybii:


And what is the significance of the 1$ to naira?
Can you explain further?
All these learners on nairaland forming economic experts do you know that the exchange rate of Japanese Yen to Dollar is 112? Do you know that Japanese economy is the world's third largest economy by GDP and the world's 4th largest economy by purchasing power parity? Do you also know that Japan has less than 4% unemployment rate? It may interest you further that the average Japanese monthly wage is $8000.
This means that the exchange rate to dollar does not actually determine how strong an economy is. Their are a lot of other indexes that matter too.

naijarates2017:


Lower interest rate, will make Nigeria unattractive to investors, which will lead to the main inflation.

Earth2Metahuman:
lol

Which kind economies be this o? Lower interest rate will chase investors? Choi

So what is chasing investors now? And how come most developing countries lower their interesting to boost small scale which is the main back bone of economy? E.g china.

davidif:


Wrong! That's not how economies work. Both entities are supposed to be independent of each other. That's how stuff works in most modern economies. The problem to me seems to be that Mrs. Adeosun seems to have run out of ideas.

Truth234:


Lol.. look at the way you said wrong to what you have no idea about. Listen, European Central Bank has repeatedly called on its members to complement monetary measures (quantitative easing) with fiscal stimulus. Exactly what Taro Aso and Haruhiko Kuroda of Japan Central Bank are doing. Even Mark Carney of Bank of England would seek to do the same thing to manage UK exit from EU if his tenure is extended beyond June.

I just replied you, normally I won't.

davidif:


Actually he is right. People want to invest in an economy where they are going to get higher returns hence he reason why interest rates are important to some investors.

davidif:


They can work hand in hand but they are INDEPENDENT of each other. The fact that I am in a partnership with you does not mean that you are my boss and get to tell me what to do.

Truth234:


A lot of you have no idea how these things work. It is an economy, an ITEM.

Nellybii:


Am now pretty sure am quoting a JAMB candidate.
Sorry for the misconception. I honestly thought I could relate with you intelligently.

davidif:


Finally! Someone on her who knows how economics works. The level of ignorance in economics in this country is staggering.

izzou:


Am sure you now see how dumb you sounded

I forgive you tho

Nellybii:


You are just too empty to hold any intelligent conversation without being flogged. Best is to ignore you and pity your condition. Sorry!! Pele!! Maybe the guy above me can explain to you. Am tired of teaching with koboko.!!

Nellybii:


Honestly most Nigerian youth are becoming emptier and lazier by the day.

Earth2Metahuman:
She is right.

Imagine ministry of finance suggesting a low interest rate for small scale business while a capitalist dunderhead at cbn insist on high interest rate.


Cut cbn power now.anyway the woman na polytechnic product

Earth2Metahuman:
She is right.

Imagine ministry of finance suggesting a low interest rate for small scale business while a capitalist dunderhead at cbn insist on high interest rate.


Cut cbn power now.

Unimaginable123:
CBN did not. Monetary Policy Committee did. Committe, whose member include Permanent Secretary Federal Ministry of Finance, Accountant General of the Federation and other 4 appointees of the President.

Earth2Metahuman:
link please.