Naija9090:


You are not getting my point...let me say this in CAPS...MR. EMEFIELE AND KEMI ADEOSUN ARE NOT QUALIFIED TO BE THERE...SIMPLE!

StOla:


You continue to regurgitate your mantra on better south or terrible south.

Must you always try to compare with the SouthWest?

How many economic refugees from the SouthEast are daily feeding off economic asylum in the SouthWest?

You did not fall for the change mantra but rather insisted that the corruption and criminality of an administration that has daily been revealed as the epitome of ineffectual buffoonery be allowed to continue with its uselessness.

Naija9090:
I'm calling for the immediate removal of Minister of Finance Ms. Kemi Adeosun and replace her with Kalu Idika Kalu or worst case with Charles Soludo. Immediate resignation of Mr. Godwin Emefiele and replace him with veteran world renowned economist, former Director-General at the West Africa Monetary Institute, IMF& UN lead consultant, former Professor of economics at UH, former director of Research and Statistics at CBN, and current Deputy Governor of CBN Dr. Joseph Okwu Nnanna. Dr. Nnanna worked with Dr. Paul Oguma in the early 90s to stabilize the Naira. He should be given the freedom and free will to put his expertise to work and get us out of this mess. The days of career bankers like Emefiele, Sanusi heading our Apex bank are over. We need career economists ...that's their job. Dr. Nnanna has been dubbed the Alan Greenspan and Ben Bernanke of Nigeria.

Dr. Joe Okwu Nnanna with former Economics adviser to Obasanjo Dr. Magnus Kpakor

https://www.youtube.com/watch?v=WsH5hIuVnT4

MayorofLagos:


Nigeria is going through a rebirth. In the process treading carefully to avoid pitfalls of past mistakes and making cautious forward progress in new area of unknowns.

One of our past errors is giving position of authority and leadership to Ibos. Time after time it has been proven, through historical and performance records, that Ibo lacks self-reflection, self guidance and respect for legacy when given public trust. This laxity is cultural and does not discriminate on the social status of a candidate, so that a highly acclaimed individual in a professional or academic field is as much a carrier of this malady in his consciousness as is the truck pusher in Idunmota or the porter in Apapa Harbour.

In government appointments it can therefore be expected that a position of authority will come to ruin under leadership of Ibo. We cannot totally exclude them from governance, but it is imperative that they are tutored on how to lead and exercise power and authority. For that reason Ibo in government appointment, particularly one in which importance is attached to ego and drive, should be put under supervision of a superior intelligence in administrative and leadership qualities, like a Yoruba or Hausa, so that the even handed guide can act as voice of wisdom and reasoning to correct his subordinate Ibo on how to self preserve and succeed.


Mod, you can go ahead and ban me now. I violated rule#2.

obasiken:


Nepotism and Tribalism can never allow this country to be great. Other countries are achieving great things by coming together with ideas on how to increase their economy and improve standard of living and all you could think of is this.
What about the minorities dont they also have administrative qualities?

MayorofLagos:


We dont have minorities in indigenous Yorubaland. I therefore am not able to relate with your idea of minority or majority. Can you give example?

MayorofLagos:


We dont have minorities in indigenous Yorubaland. I therefore am not able to relate with your idea of minority or majority. Can you give example?

obasiken:


The thread is about Nigeria and our depreciating currency not yorubaland. Please come out of your box. The world does not revolve around yoruba land. Tribe does not determine a good administrator. Please read the op's article.

End of discussion

excellentmomma:
That Emefiele needs to go sharp sharp, let him be prosecuted for all his sleepy eye sharp practices with his fellow bankers, bank executhieves

fallout87:


All Emefiele is doing is executing the plan of Buhari. That is the job of CBN governor.

It won't matter if you change him, the result will be the same until Buhari changes or he is removed.

MayorofLagos:


Nigeria is going through a rebirth. In the process treading carefully to avoid pitfalls of past mistakes and making cautious forward progress in new area of unknowns.

One of our past errors is giving position of authority and leadership to Ibos. Time after time it has been proven, through historical and performance records, that Ibo lacks self-reflection, self guidance and respect for legacy when given public trust. This laxity is cultural and does not discriminate on the social status of a candidate, so that a highly acclaimed individual in a professional or academic field is as much a carrier of this malady in his consciousness as is the truck pusher in Idunmota or the porter in Apapa Harbour.

In government appointments it can therefore be expected that a position of authority will come to ruin under leadership of Ibo. We cannot totally exclude them from governance, but it is imperative that they are tutored on how to lead and exercise power and authority. For that reason Ibo in government appointment, particularly one in which importance is attached to ego and drive, should be put under supervision of a superior intelligence in administrative and leadership qualities, like a Yoruba or Hausa, so that the even handed guide can act as voice of wisdom and reasoning to correct his subordinate Ibo on how to self preserve and succeed.


Mod, you can go ahead and ban me now. I violated rule#2.

Ikengawo:
lol at getting rid of Emefiele

HOW ABOUT GETTING RID OF BUHARI?!

you put the country in the hands of someone that didn't go to school. Someone who you are better trained to understand currency than and you're surprised that Nigeria is the only oil economy that hasn't slowed down it's currency collapse?

Naija9090:
I'm calling for the immediate removal of Minister of Finance Ms. Kemi Adeosun and replace her with Kalu Idika Kalu or worst case with Charles Soludo. Immediate resignation of Mr. Godwin Emefiele and replace him with veteran world renowned economist, former Director-General at the West Africa Monetary Institute, IMF& UN lead consultant, former Professor of economics at UH, former director of Research and Statistics at CBN, and current Deputy Governor of CBN Dr. Joseph Okwu Nnanna. Dr. Nnanna worked with Dr. Paul Oguma in the early 90s to stabilize the Naira. He should be given the freedom and free will to put his expertise to work and get us out of this mess. The days of career bankers like Emefiele, Sanusi heading our Apex bank are over. We need career economists ...that's their job. Dr. Nnanna has been dubbed the Alan Greenspan and Ben Bernanke of Nigeria.

Dr. Joe Okwu Nnanna with former Economics adviser to Obasanjo Dr. Magnus Kpakor
https://www.youtube.com/watchv=WsH5hIuVnT4

pharmagba:


Nonsense! Removal is the only thing you can come up with. No economic strategy and suggestions? My brother go and sit down.
The fall in Naira shows our trade (both import and export) is at its lowest.
Nigeria has just got to start producing and exporting things that can give us hard currency

fallout87:


All Emefiele is doing is executing the plan of Buhari. That is the job of CBN governor.

It won't matter if you change him, the result will be the same until Buhari changes or he is removed.

MayorofLagos:


Nigeria is going through a rebirth. In the process treading carefully to avoid pitfalls of past mistakes and making cautious forward progress in new area of unknowns.

One of our past errors is giving position of authority and leadership to Ibos. Time after time it has been proven, through historical and performance records, that Ibo lacks self-reflection, self guidance and respect for legacy when given public trust. This laxity is cultural and does not discriminate on the social status of a candidate, so that a highly acclaimed individual in a professional or academic field is as much a carrier of this malady in his consciousness as is the truck pusher in Idunmota or the porter in Apapa Harbour.

In government appointments it can therefore be expected that a position of authority will come to ruin under leadership of Ibo. We cannot totally exclude them from governance, but it is imperative that they are tutored on how to lead and exercise power and authority. For that reason Ibo in government appointment, particularly one in which importance is attached to ego and drive, should be put under supervision of a superior intelligence in administrative and leadership qualities, like a Yoruba or Hausa, so that the even handed guide can act as voice of wisdom and reasoning to correct his subordinate Ibo on how to self preserve and succeed.


Mod, you can go ahead and ban me now. I violated rule#2.

StOla:
Anyone who believes our currency should be appreciating against the dollar at this present time with the present petroleum industry crises, qualifies as a world renowned moro.n.

StOla:




As long as the Nigerian economy is still built on the foundation of oil, then we will prosper with oil and perish with oil.

Now we perish with oil, but where were we when oil was prospering?

Some were stealing the wealth and hiding it in sewage tanks for their 4th generation. Some were buying property all over the globe.

If we do not know what to do with our oil wealth, we deserve to suffer.

StOla:


The more reason you should beseech the government across the 3 arms to show no mercy to those who have been found to have corruptly cornered the commonwealth and hid it inside a ground sewage tank.

The current situation (helpless slide/depreciation of the Naira), cannot cease to be a big case for worry for those who truly can grasp the enormity of this catastrophe -- impoverishment! Unfortunately, most of do not realize the magnitude of this malady. If the gov't were to increase PMS pump price to N120/litre tomorrow, or reduce minimum wage from N18,000 to N9,000, we would have taken to the streets -- but that's what just basically or 'technically' (Mr. Lai I see you) happened.

In order to keep this as short as possible (avoid writing a book), especially with our "too long can't read" cousins in mind, I'll express my thoughts in form of questions to the CBN governor or those that can help him answer the following (of course we know fall in oil prices and 'yada, yada, yada'):

1. If demand and supply basically control the exchange rate, why is it that, despite the reduction in foreign expenditure from our Nigerian bank accounts from $3,000 daily to averagely $300/day has had no effect in curbing the 'unabated-downward-spiral' of the Naira?

2. Why is the CBN in bed with commercial banks bleeding the people dry? Why would they get dollars at N199 and charge us at N280-N300 (roughly a profit of N100,000 on every $1,000)?!

3. Why is the FG (PMB) and CBN (Gov.Emefiele) abetting arguably the greatest instigator of excess liquidity (the constant substitution of Naira allocations for dollar denominated revenue).
https://www.nairaland.com/844884/solution-fuel-subsidy-wahala-look

Read more at: http://www.vanguardngr.com/2014/08/much-talk-dollar-certificates/

4. Can the CBN Governor kindly explain to us: how going from paying N2.6 trillion for petroleum products subsidy, to paying nothing, to actually making excess of N16 on every litre of PMS sold/bought has had no positive impact in propping the Naira?

5. If we truly enjoy a bit of better power supply than say 1-2 years back, do we still consume the phantom, "imported 40 million litres of PMS/day"? If not, how has this helped, or not helped the demand and supply brouhaha of the Naira vs Dollar hide and seek?

6. If we truly are tackling corruption head-on, and the customs service is doing a better job (checkmating refined products smuggling across our borders and e.t.c.) than 1-2 years back, do we still consume the phantom, "imported 40 million litres of PMS/day"? If not, how has this helped, or not helped the demand and supply brouhaha of the Naira vs Dollar hide and seek?

7. If truly our refineries are working to the recently publicized capacity, do we still consume the phantom, "imported 40 million litres of PMS/day"? If not, how has this helped, or not helped the demand and supply brouhaha of the Naira vs Dollar hide and seek?

8. If the BDCs are being 'dealt with', what alternative positive measures have you Mr. Governor put in place . . .?

9. If you Mr. Governor are no longer getting orders from the present C-in-C to disburse them dollars to them Dasukis, and with the implementation of proper accounting of remittances from NNPC and others, why is it not helping the Naira?

10. Lastly, why would you preach 'agric', but say 'agric' does not need power supply to practice? Duh

godoluwa:
[s]stop blaming the thieves, buhari also stole N2.8bn in the 80s & then a dollar exchange for 50kobo. additionally, aisha buhari was part of people that shared the money meant for halliburton project. the major problem here is the law of demand & supply. refusal to devalue the naira will surely makes it hit 500naira b4 this month. appointing people to key post due to political affiliation just to reward them is madness. majority people vote with sentiments & thats why we end up with buhari that has no direction about economy[/s]

StOla:


The more reason you should beseech the government across the 3 arms to show no mercy to those who have been found to have corruptly cornered the commonwealth and hid it inside a ground sewage tank.

shizzy7:
Why is nobody talking about pounds sterling... bbbThat's what matters to me and I dey fear to hear the price...
Is Emefiele even thinking at all with all these stupid policies...
I will curse all of them..