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Nairaland Forum / Nairaland / General / Politics / Summary Of CBN Governor's Interview On Arise TV, Incase You Missed It (1311 Views)
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Summary Of CBN Governor's Interview On Arise TV, Incase You Missed It by thisweekng: 2:29pm On Feb 05 |
https://www.youtube.com/watch?v=41FMx_0ZD-c If you missed the CBN Governor's interview on Arise TV, here is a summary. On FX Backlogs - We met $7 Billion in unpaid obligations - We had reason to believe we needed to take a harder look at those obligations. - Deloitte was contracted to do a forensic audit of what is valid or not. The results were startling
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Re: Summary Of CBN Governor's Interview On Arise TV, Incase You Missed It by danijesus(m): 2:34pm On Feb 05 |
Patch patch governor |
Re: Summary Of CBN Governor's Interview On Arise TV, Incase You Missed It by BlakKluKluxKlan(m): 2:41pm On Feb 05 |
danijesus: Please keep wailing non-stop. 9 Likes 3 Shares |
Re: Summary Of CBN Governor's Interview On Arise TV, Incase You Missed It by masseratti: 2:43pm On Feb 05 |
Is that all the summery? |
Re: Summary Of CBN Governor's Interview On Arise TV, Incase You Missed It by Penguin2: 2:54pm On Feb 05 |
Everything he said is a lie. Only fools will believe him. Ndi ala! I saw where the ijiot lied that Foreign Investors who left Nigeria are already looking for how to come back. Is that the character you wanna take serious? Because if you know the calculation that goes into an investor packing up their multi-billion dollar investment to leave, then you will know that the man is a lamba master 6 Likes 1 Share |
Re: Summary Of CBN Governor's Interview On Arise TV, Incase You Missed It by chopnaira: 3:13pm On Feb 05 |
He actually threw the Buhari Government under the bus in the interview 1 Like |
Re: Summary Of CBN Governor's Interview On Arise TV, Incase You Missed It by HeatSeeker(m): 3:15pm On Feb 05 |
chopnaira: In his Mind, he was attacking Emefiele... |
Re: Summary Of CBN Governor's Interview On Arise TV, Incase You Missed It by Ttalk: 3:18pm On Feb 05 |
Penguin2: What are you like this 10 Likes |
Re: Summary Of CBN Governor's Interview On Arise TV, Incase You Missed It by adamusuleiman2: 3:19pm On Feb 05 |
The full summary: If you missed the CBN Governor's interview on Arise TV, here is a summary. --------On FX Backlogs-------- - We met $7 Billion in unpaid obligations - We had reason to believe we needed to take a harder look at those obligations. - Deloitte was contracted to do a forensic audit of what is valid or not. The results were startling -- $2.4 Billion had issues -- Not having valid import documents -- Entities did not exist got allocations -- Entities who asked for FX got more than they asked. -- Entities that did not ask got allocations -- We wrote to the authorized dealer to explain. Sadly much has not been disputed. -- $2.3 Billion of the validly executed ones including Airlines have been cleared. -- What remains is $2.2 billion. We are confident we will address those. We have come to the end of the road. -- The Naira remains undervalued -- The Naira will stabilise. --------On FX Liquidity-------- - CBN does not produce FX, it rather relies on what comes in. - You need a mix of FX sources to have a adequate liquidity. FPI is one of them. - A lot of FPIs are very interested in coming back to the Nigerian Market. - They (FPIs) have taken a methodological interest in the direction the country is going. - Recent move to have NNPC and other MDA to move their funding into the CBN is very positive and a confidence booster. Those outsiders see it as a giant step forward. - The time for panic and cynicism is not now. We are in a time where the right decisions are being taken. - Even the rating agencies are reacting positively to what is happening. ----------On Interventions---------. - I have no illusions that interventions are necessary in our country. They help to channel resources to people however small. - However, it is important to ensure that the framework is there to ensure it gets to those who really need it. - The CBN will focus on it's core strength. - We will be working closely with those whose core strength is in the intervention space. - We cannot think and implement at the same time. - We do not have the luxury of failed interventions. ---------On the MPC---------- - I was concerned that the transition was questionable. We took our time to ensure as much as possible that the MPC is impactful and complements the fiscal side. - It signals we are moving the MPC in the right direction. - The new CBN is fully focused on Stabilization of prices and lowering inflation. - The MPC will reflect the new direction of the CBN focus and core mandate. ----------On Communication--------- - We are revamping the whole communication strategy of the CBN. - We are engaging various stakeholders to get feedback on the various things we are implementing. Source: π 9 Likes
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Re: Summary Of CBN Governor's Interview On Arise TV, Incase You Missed It by nervorum: 3:20pm On Feb 05 |
An experienced bus driver canβt fly an aircraft. Defend all you want, results speak for themselves 2 Likes |
Re: Summary Of CBN Governor's Interview On Arise TV, Incase You Missed It by WeddingParol: 4:06pm On Feb 05 |
All these English will only make sense when Naira is stabilised and inflation abetted |
Re: Summary Of CBN Governor's Interview On Arise TV, Incase You Missed It by pendusky(m): 4:51pm On Feb 05 |
It's on a replay rn |
Re: Summary Of CBN Governor's Interview On Arise TV, Incase You Missed It by TheFacelessMan: 10:24am On Feb 26 |
adamusuleiman2: Great summary.... very helpful. |
Re: Summary Of CBN Governor's Interview On Arise TV, Incase You Missed It by KingKO22: 10:37am On Feb 26 |
danijesus: Election lost can be so painful π€£ππ Sorry. You hear ππππ€£ |
Re: Summary Of CBN Governor's Interview On Arise TV, Incase You Missed It by StarRida: 11:01am On Feb 26 |
Ttalk:but it's reality everything the mudaf*cker said is lies upon lies |
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