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Nairaland Forum / Nairaland / General / Politics / Adeosun Pleads With National Assembly To Cut CBN Governor’s Powers (26879 Views)
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Re: Adeosun Pleads With National Assembly To Cut CBN Governor’s Powers by HiddenShadow: 4:18pm On Mar 22, 2017 |
Earth2Metahuman: Are those countries economies exporting or importing in nature |
Re: Adeosun Pleads With National Assembly To Cut CBN Governor’s Powers by Earth2Metahuman: 4:22pm On Mar 22, 2017 |
HiddenShadow:china exports as much as it imports. You still haven't told us how lower lending rate for small scale will chase investor. |
Re: Adeosun Pleads With National Assembly To Cut CBN Governor’s Powers by izzou(m): 4:27pm On Mar 22, 2017 |
Nellybii: Stop displaying your ignorance. But you cried when it was falling abi? Don't let people see this rubbish you wrote. Better edit it 1 Like |
Re: Adeosun Pleads With National Assembly To Cut CBN Governor’s Powers by HiddenShadow: 4:28pm On Mar 22, 2017 |
Earth2Metahuman: 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. |
Re: Adeosun Pleads With National Assembly To Cut CBN Governor’s Powers by Earth2Metahuman: 4:32pm On Mar 22, 2017 |
[s] HiddenShadow:[/s] *facepalm* I'm talking to a mor0n |
Re: Adeosun Pleads With National Assembly To Cut CBN Governor’s Powers by HiddenShadow: 4:39pm On Mar 22, 2017 |
Earth2Metahuman:You mean your father or mother |
Re: Adeosun Pleads With National Assembly To Cut CBN Governor’s Powers by Richvine(m): 4:42pm On Mar 22, 2017 |
Too dangerous for economy, CBN should work on Monetary policies while the Govt. work on fiscal. |
Re: Adeosun Pleads With National Assembly To Cut CBN Governor’s Powers by agaba77: 4:54pm On Mar 22, 2017 |
Kemi Adeosun is over her head. Dont blame CBN for your incompetence madam borrow borrow with nothing to show, 1 Like |
Re: Adeosun Pleads With National Assembly To Cut CBN Governor’s Powers by Kiakia(m): 4:58pm On Mar 22, 2017 |
Really? This is preposterous! |
Re: Adeosun Pleads With National Assembly To Cut CBN Governor’s Powers by Nellybii: 5:04pm On Mar 22, 2017 |
izzou: Am now pretty sure am quoting a JAMB candidate. Sorry for the misconception. I honestly thought I could relate with you intelligently. |
Re: Adeosun Pleads With National Assembly To Cut CBN Governor’s Powers by Egalitarian1: 5:19pm On Mar 22, 2017 |
Hon Minister, You better resign if you don't know what to do than taking us backwards. On the contrary, you may be needing industrial training at Dr Ngozi Okonjo Iweala's chamber. Yeye dey smell! A bad workman often quarrel with his tools 2 Likes |
Re: Adeosun Pleads With National Assembly To Cut CBN Governor’s Powers by ivili(m): 5:26pm On Mar 22, 2017 |
2muchopoTBdope:wetin we go use the whistle do?not kill person with laugh. |
Re: Adeosun Pleads With National Assembly To Cut CBN Governor’s Powers by davidif: 5:42pm On Mar 22, 2017 |
Earth2Metahuman: Actually, she is wrong. They are both supposed to be independent. The job of the ministry of finance is fiscal policy (govt expenditures etc) while the job of the central bank is supposed to be monetary policy (setting interest rates by controlling the money supply in the economy). In fact, the central bank is supposed to be completely independent of the govt. They are supposed to make decisions independently from the President. I can't even imagine Donald Trump beginning to tell Janet Yelken what to do. You would see an uproar over here. Now having said all that, this is a scary situation. You are supposed to have the ministry of finance and the CBN partnering and working together but they seem to be in confrontation with one another. 1 Like |
Re: Adeosun Pleads With National Assembly To Cut CBN Governor’s Powers by davidif: 5:46pm On Mar 22, 2017 |
Truth234: 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. |
Re: Adeosun Pleads With National Assembly To Cut CBN Governor’s Powers by davidif: 5:47pm On Mar 22, 2017 |
Gomeromo1: Nope. She is not supposed to be providing leadership to the central bank. They are supposed to be independent of each other. That's how things work in advanced economies. |
Re: Adeosun Pleads With National Assembly To Cut CBN Governor’s Powers by davidif: 5:51pm On Mar 22, 2017 |
Nellybii: Finally! Someone on her who knows how economics works. The level of ignorance in economics in this country is staggering. |
Re: Adeosun Pleads With National Assembly To Cut CBN Governor’s Powers by davidif: 5:52pm On Mar 22, 2017 |
naijarates2017: Tell that to a small business owner trying to get a loan from a bank. |
Re: Adeosun Pleads With National Assembly To Cut CBN Governor’s Powers by davidif: 5:55pm On Mar 22, 2017 |
Earth2Metahuman: 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. |
Re: Adeosun Pleads With National Assembly To Cut CBN Governor’s Powers by Truth234(m): 5:57pm On Mar 22, 2017 |
davidif: 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. Without us having a sync monetary and fiscal policies. I am sorry we won't have a balanced economic policy and will continue to struggle. I just replied you, normally I won't. |
Re: Adeosun Pleads With National Assembly To Cut CBN Governor’s Powers by davidif: 5:59pm On Mar 22, 2017 |
Truth234: 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. |
Re: Adeosun Pleads With National Assembly To Cut CBN Governor’s Powers by Earth2Metahuman: 6:00pm On Mar 22, 2017 |
davidif:so how does reduced lending rate for small scale business affects foreign investors? And why did investors run away despite higher interest rate? Where are you people crawling out from self 1 Like |
Re: Adeosun Pleads With National Assembly To Cut CBN Governor’s Powers by Truth234(m): 6:01pm On Mar 22, 2017 |
davidif: A lot of you have no idea how these things work. It is an economy, an ITEM. |
Re: Adeosun Pleads With National Assembly To Cut CBN Governor’s Powers by davidif: 6:08pm On Mar 22, 2017 |
Truth234: Actually, its keeping in line with global economic best practices . They are both supposed to be independent. The job of the ministry of finance is fiscal policy (govt expenditures etc) while the job of the central bank is supposed to be monetary policy (setting interest rates by controlling the money supply in the economy). In fact, the central bank is supposed to be completely independent of the govt. They are supposed to make decisions independently from the President. I can't even imagine Donald Trump beginning to tell Janet Yelken what to do. You would see an uproar over here. Now having said all that, this is a scary situation. You are supposed to have the ministry of finance and the CBN partnering and working together but they seem to be in confrontation with one another. Not a good sign. |
Re: Adeosun Pleads With National Assembly To Cut CBN Governor’s Powers by izzou(m): 6:33pm On Mar 22, 2017 |
Nellybii: Am sure you now see how dumb you sounded I forgive you tho |
Re: Adeosun Pleads With National Assembly To Cut CBN Governor’s Powers by Nellybii: 7:14pm On Mar 22, 2017 |
davidif: Honestly most Nigerian youth are becoming emptier and lazier by the day. |
Re: Adeosun Pleads With National Assembly To Cut CBN Governor’s Powers by Nellybii: 7:16pm On Mar 22, 2017 |
izzou: 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.!! |
Re: Adeosun Pleads With National Assembly To Cut CBN Governor’s Powers by izzou(m): 7:29pm On Mar 22, 2017 |
Nellybii: I asked you a simple question. If the exchange rate didn't matter to the economy, why were we groaning when It was almost 600 to a dollar? Instead of you to answer this,you decided to show me how you graduated from Harvard Don't quote me again. Take your expertise to those who are swimming with you In ignorance Cheers |
Re: Adeosun Pleads With National Assembly To Cut CBN Governor’s Powers by davidif: 7:39pm On Mar 22, 2017 |
Nellybii: You can't blame them now, you don't know what you don't know abi? |
Re: Adeosun Pleads With National Assembly To Cut CBN Governor’s Powers by KINGOFTHEEAST: 7:57pm On Mar 22, 2017 |
Earth2Metahuman: |
Re: Adeosun Pleads With National Assembly To Cut CBN Governor’s Powers by Unimaginable123: 8:23pm On Mar 22, 2017 |
Earth2Metahuman: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. 1 Like |
Re: Adeosun Pleads With National Assembly To Cut CBN Governor’s Powers by Earth2Metahuman: 8:25pm On Mar 22, 2017 |
Unimaginable123:link please. |
Re: Adeosun Pleads With National Assembly To Cut CBN Governor’s Powers by Unimaginable123: 8:53pm On Mar 22, 2017 |
Earth2Metahuman:Google CBN act. Check the composition and functions of MPC pls. Tried to upload it, but it was large. The composition is CBN Governor - Chairman 4 Deputy Governors of CBN 2 Board members (appointed by the the President) 3 members (appointed by president) 2 members (appointed by CBN Governor) And since the Governor and Deputy Governors are appointed by the President, it is safe to say that 10 members of the committee are appointed by the president |
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