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Nairaland Forum / Nairaland / General / Business / World Bank Warns CBN Against FX Control, Direct Lending, Subsidy Programmes (12511 Views)
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Re: World Bank Warns CBN Against FX Control, Direct Lending, Subsidy Programmes by IbotNugida(m): 9:33am On Oct 06, 2023 |
Simple solutions: effective domestic resource mobilisation and, efficient spending. But our people go begin design approaches too complicated for implementation! |
Re: World Bank Warns CBN Against FX Control, Direct Lending, Subsidy Programmes by Skillsnigeria: 9:34am On Oct 06, 2023 |
Hmmm |
Re: World Bank Warns CBN Against FX Control, Direct Lending, Subsidy Programmes by cucumbar: 9:36am On Oct 06, 2023 |
iwaeda:This people sef when they see that the government wants to do something to arrest the situation, they will WARN, but they will still be the first to announce that the niaira is the worst performing currency in the world. Looks that they are always happy to see the Naira depreciate. Na the useless leaders of Nigeria I blame sha. |
Re: World Bank Warns CBN Against FX Control, Direct Lending, Subsidy Programmes by PoliteActivist: 9:38am On Oct 06, 2023 |
wittywriter: If you had taken your own advice and asked Google you'd have learnt why no Scandinavian countries. See below 1 Like
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Re: World Bank Warns CBN Against FX Control, Direct Lending, Subsidy Programmes by MrDoGood(m): 9:38am On Oct 06, 2023 |
Just do opposite of what these guys are saying...... Nothing good comes from them when it has to do with African country's positive move. Nothing!!! 2 Likes |
Re: World Bank Warns CBN Against FX Control, Direct Lending, Subsidy Programmes by Abagworo(m): 9:38am On Oct 06, 2023 |
Tge Dollarization of our economy is the reason for the failure of APC in economics . They focused so much on foreign investments instead of investing in local investment. Those fake foreign investors are our major problem. Another important factor is to build the technological development of Nigeria around Southeast and stop deliberate attempt to strangulate Igbos. They hold the key to economic emancipation of Nigeria especially Aba. |
Re: World Bank Warns CBN Against FX Control, Direct Lending, Subsidy Programmes by nymphomaniac(m): 9:42am On Oct 06, 2023 |
Algold:lol. You are an economic illiterate 2 Likes 1 Share |
Re: World Bank Warns CBN Against FX Control, Direct Lending, Subsidy Programmes by themanderon: 9:45am On Oct 06, 2023 |
The world Bank is an agent of poverty the west uses in keeping third world countries down and in perpetual poverty. |
Re: World Bank Warns CBN Against FX Control, Direct Lending, Subsidy Programmes by lagosrd: 9:50am On Oct 06, 2023 |
By the time they finish you people , una go know say una suppose get your own monetary policies and they can be controlling your CBN 1 Like |
Re: World Bank Warns CBN Against FX Control, Direct Lending, Subsidy Programmes by Boldideas: 9:51am On Oct 06, 2023 |
McLizbae: |
Re: World Bank Warns CBN Against FX Control, Direct Lending, Subsidy Programmes by Cantonese: 9:52am On Oct 06, 2023 |
RepoMan007: Production, production, production. Everyone harps on production, leaving the basics. What are the basics: 1. Security and safety of citizens 2. Food 3. End corruption 4. Put a permanent end to crude stealing and then ——— 5. Meet oil production quota 5. Put an end to meaningless borrowing 6. Infrastructures, industries and export All the Jargons that they use to confuse gullible Nigerians, simply put, revolve around all the above. Put them all in place and see the country heal speedily on all fronts. Unfortunately they will not be done. For tne technicalities as a way to capture state resources must continue to be the order of the day. 1 Like |
Re: World Bank Warns CBN Against FX Control, Direct Lending, Subsidy Programmes by Tonymegabush1(m): 9:57am On Oct 06, 2023 |
Na when you leave this country you will know how useless this naira is as our banking system. 1 Like |
Re: World Bank Warns CBN Against FX Control, Direct Lending, Subsidy Programmes by JuanDeDios: 10:02am On Oct 06, 2023 |
RepoMan007:Spot on. |
Re: World Bank Warns CBN Against FX Control, Direct Lending, Subsidy Programmes by rigarmortis: 10:05am On Oct 06, 2023 |
Algold: The plan is good within Nigeria. How about for international trade. Which is the major problem. Who will accept Naira |
Re: World Bank Warns CBN Against FX Control, Direct Lending, Subsidy Programmes by Khyrvxjzy: 10:05am On Oct 06, 2023 |
Algold: thats not the solution did you know cbn itself wont give dollar to you so why go millitary way |
Re: World Bank Warns CBN Against FX Control, Direct Lending, Subsidy Programmes by spiSeyi: 10:06am On Oct 06, 2023 |
World Bank should stay off our economy if not for see finish can they control Morocco monetary policies like ours . 1 The same World Bank discouraged GEJ from fixing the old refineries, they are the ones who led Yaradua to reverse the decision of selling out the oil refineries and Ajaokuta steels. If Yaradua or GEJ had gone about their initial bidding on the refineries Nigeria would have been economically stable by now. 2 This same evil prevented PMB from partnering with ARAMCO (Saudi Oil conglomerate) to buy off NNPC, they went ahead to confuse PMB to halt the Nuclear power plant project by Russia in Nigeria. 3 They discouraged the government of PMB by implementing the bilateral currency swap between Nigeria & China whereby Nigeria can trade the Chinese Yuan directly with the Naira. If this had been fully implemented Naira wouldn't be in a free fall against the USD, and the Naira would have competed favorably with CNY because China consumes more of our raw materials and we could have earned more Yuan from Palm Oil, Cassava and iron ore. 4 The World Bank brought Nigeria's economy to its knees by instructing the PMB lead administration to unconditional and unplanned removal of fuel subsidies. It is clear that the World Bank is after its elfish interest PBAT should not repeat the mistakes of Yaradua, GEJ, and PMB. He should discard their nonsensical and selfish advice and should act strategically with every stakeholder within the Nation to revive the economy. |
Re: World Bank Warns CBN Against FX Control, Direct Lending, Subsidy Programmes by blowjohn(m): 10:12am On Oct 06, 2023 |
Gay ass illuminati world bank. E no go work. LGBT crackheads |
Re: World Bank Warns CBN Against FX Control, Direct Lending, Subsidy Programmes by RepoMan007: 10:18am On Oct 06, 2023 |
Cantonese:Production covers all you wrote. If there is insecurity, then the police and army aren't productive. Food is produced. Corruption-free system is also an end product. Crude theft prevention is an end product of naval forces and police Typing... |
Re: World Bank Warns CBN Against FX Control, Direct Lending, Subsidy Programmes by Tareq1105: 10:24am On Oct 06, 2023 |
Tobilani: I don't trust World Bank. 1 Like |
Re: World Bank Warns CBN Against FX Control, Direct Lending, Subsidy Programmes by bjdon: 10:25am On Oct 06, 2023 |
They shut their dirty mouths! We are a sovereign nation and fully within our rights to implement ANY monetary policy that will benefit our people. These western institutions are total hypocrites. They tell us to practice full free market economics, meanwhile they do no such thing in their own countries. You'll be shocked to see how much subsidy is paid to farmers in Europe for example. Was it not the same west where central banks (The Fed, BOE, ECB) were printing money for over a decade? Why did the world bank not say anything? Please do not believe all their propaganda, we as a developing nation need to have direct intervention by the CBN in critical sectors of the economy like agric and manufacturing. If the World Bank say someting is bad for us, then you can be sure the opposite is the case |
Re: World Bank Warns CBN Against FX Control, Direct Lending, Subsidy Programmes by Kukutente23: 10:28am On Oct 06, 2023 |
RepoMan007:Half- advice kill them there!! They were the same fools who asked IBB to liberalise the economy by opening up for imports. That's what killed our local ihdustries including our refineries and turned Nigeria to an import dependent economy. 2 Likes |
Re: World Bank Warns CBN Against FX Control, Direct Lending, Subsidy Programmes by bjdon: 10:30am On Oct 06, 2023 |
spiSeyi:Bless you! The world bank and IMF have been destroying our nation since 1986 when IBB listened to them and launched SAP. No good ever comes from their advice/policies, because they are only interested in securing western economic leadership. They will never give advice that will actually grow our economy. If you check the records, Nigeria actually experienced economic growth under Sani Abacha, becasue the west shunned him, and he promoted a 'Nigeria first' economic agenda. 1 Like |
Re: World Bank Warns CBN Against FX Control, Direct Lending, Subsidy Programmes by olaniyilukman(m): 10:32am On Oct 06, 2023 |
inoki247:God bless you, you just say my mind... |
Re: World Bank Warns CBN Against FX Control, Direct Lending, Subsidy Programmes by nairalanda1(m): 10:45am On Oct 06, 2023 |
APC government won't listen now, because they want to get voted in. They don't want to make Nigeria better. I'll leave this comment here grandstar: Exactly. I gat nothing more to add. 1 Like |
Re: World Bank Warns CBN Against FX Control, Direct Lending, Subsidy Programmes by galadima77(m): 11:09am On Oct 06, 2023 |
BoldBrainz: Well said |
Re: World Bank Warns CBN Against FX Control, Direct Lending, Subsidy Programmes by RepoMan007: 11:11am On Oct 06, 2023 |
Kukutente23:opening border for import is no excuse to kill local production. They took a refinery to Kaduna for God sake. Hausa is the linqua in NNPCL. NNPCL is into power plants and pipelines instead of fixing their primary assets, refineries. Even if out refineries where inefficient and produced diesel and petrol at N1000 a litre, it will still save us valuable forex needed to assure foreign investors of easy going out and coming in. Those issues are beyond the IMF influence. Looking at poultry cost and the malnutrition on ground today, I will recommend the borders be opened to cheaper poultry imports to alleviate poverty too. Opening border to import wasn't the worst thing to hit us. It was conflict of interest and lack of will to do what favours the populace at large but that which favours businessmen into imports business. |
Re: World Bank Warns CBN Against FX Control, Direct Lending, Subsidy Programmes by israelmao(m): 11:12am On Oct 06, 2023 |
Tinubu in his first address as a selected president and said subsidy was gone without concrete and well-thought-out plan. 1 Like 1 Share |
Re: World Bank Warns CBN Against FX Control, Direct Lending, Subsidy Programmes by itsene: 11:14am On Oct 06, 2023 |
We have economist's in Nigeria. What's with all these "advise", "warning"? What is wrong people? |
Re: World Bank Warns CBN Against FX Control, Direct Lending, Subsidy Programmes by RepoMan007: 11:15am On Oct 06, 2023 |
israelmao:the ability to get things done is prioritized above the after effect of that thing in crude politics that's prevalenbin Nigeria. He removed it without thinking and started boasting about that like the removal was a destination itself. 1 Like |
Re: World Bank Warns CBN Against FX Control, Direct Lending, Subsidy Programmes by panpan(m): 11:24am On Oct 06, 2023 |
Nigeria should find a way of dissociating itself from the World Bank. "World Bank" is just a name. The World Bank does not care for the world. The World Bank gives conditions or advice that are in the interest of the United States. |
Re: World Bank Warns CBN Against FX Control, Direct Lending, Subsidy Programmes by rapheal5(m): 11:24am On Oct 06, 2023 |
Bruisecruise:so the part of Abuja dominated by the abokis is what?.....For this country lagos is first jokes apart... |
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