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Nairaland Forum / Nairaland / General / Politics / Economic Crisis: We Won’t Bail Out Banks With Public Funds – FG (11429 Views)
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Economic Crisis: We Won’t Bail Out Banks With Public Funds – FG by ijustdey: 1:57am On Jun 12, 2016 |
Oyetunji Abioye and Ifeanyi Onuba http://www.punchng.com/economic-crisis-wont-bail-banks-public-funds-fg/ 1 Like |
Re: Economic Crisis: We Won’t Bail Out Banks With Public Funds – FG by Standing5(m): 2:14am On Jun 12, 2016 |
Everybody wants bail out. I hope they don't give the banks bail out funds. They 've been thriving based on easy oil money and a corrupt system for too long. Let them give reasonable loan to farmers, manufactures and artisans who are bedrock of productive economy and not 'general supplies' contractors who import things at exurbitant rate, thereby sending our capital to foreign land and shrinking the volume of money available to go round within. Some commercial banks may need to go the Microfinance way and grow into commercial bank again. The false prosperity inspired by easy oil money in a corrupt system isn't a sure bet for banks. 33 Likes 5 Shares |
Re: Economic Crisis: We Won’t Bail Out Banks With Public Funds – FG by VampireeM(f): 2:31am On Jun 12, 2016 |
Nigeria is indeed a Zoo.. True Federalism and diversification of the economy is the solution not sharing bail outs. By the time NDAs will bomb off all oil installation, lets see what will be shared.. Lol, Like seriously were banks expecting bail outs?? Soon other private firms will join in asking for bail out from FG.. I hope we Nigerians can survive this APC led govt economy. 17 Likes |
Re: Economic Crisis: We Won’t Bail Out Banks With Public Funds – FG by Nobody: 2:33am On Jun 12, 2016 |
Ban all the banks if they can't provide their basic services. We are behind you 2 Likes 1 Share |
Re: Economic Crisis: We Won’t Bail Out Banks With Public Funds – FG by Bitterleafsoup: 4:17am On Jun 12, 2016 |
No more bailouts the Governor one did nothing for the people. |
Re: Economic Crisis: We Won’t Bail Out Banks With Public Funds – FG by tuniski: 5:30am On Jun 12, 2016 |
Bitterleafsoup: Especially for banks there must be no bail outs. Let them collapse others who are ready will spring up. Banks and corruption are like ants and sugar! Small time banks employees living on corruption proceeds will be screaming anti corruption sai baba chanji. Abeg let the banks reflect the true state of d economy too. It is difficult on d streets! 5 Likes |
Re: Economic Crisis: We Won’t Bail Out Banks With Public Funds – FG by lorbah001(m): 5:55am On Jun 12, 2016 |
Bail out banks, why? Our banks ar either natural lazy or being spoilt by past administration How on earth will a sane administration allowed MDAs saved monies in this bank and borrow this same money from them 1 Like |
Re: Economic Crisis: We Won’t Bail Out Banks With Public Funds – FG by Nobody: 5:57am On Jun 12, 2016 |
Let them not be bailed. After all, they were busy sacking staffs, the government told them to trade with caution but they refused. Today, they are trying to talk about bail out. Banks una be States?? Uwaku. Face una wahala La bail-out, la economy bind more 1 Like |
Re: Economic Crisis: We Won’t Bail Out Banks With Public Funds – FG by ckmayoca: 7:04am On Jun 12, 2016 |
:- abuayman: |
Re: Economic Crisis: We Won’t Bail Out Banks With Public Funds – FG by SleekAboki: 7:07am On Jun 12, 2016 |
So, can a government that is looking for money and that is also struggling to pay its workers’ salaries be able to provide a bailout for any sector? Where will such money come from? I can tell you that such is not currently feasibleThe money will logically come from the over $320 trillion so far recovered from Swiss and corrupt Nigerians. 2 Likes |
Re: Economic Crisis: We Won’t Bail Out Banks With Public Funds – FG by 989900: 8:34am On Jun 12, 2016 |
Let them refund the $6billion bail out they got in 2007/08 first. 5 Likes 1 Share |
Re: Economic Crisis: We Won’t Bail Out Banks With Public Funds – FG by twerky(f): 8:39am On Jun 12, 2016 |
This institutions are corrupt more than our politicians |
Re: Economic Crisis: We Won’t Bail Out Banks With Public Funds – FG by johnstar(m): 8:40am On Jun 12, 2016 |
Re: Economic Crisis: We Won’t Bail Out Banks With Public Funds – FG by Proffdada: 8:40am On Jun 12, 2016 |
Re: Economic Crisis: We Won’t Bail Out Banks With Public Funds – FG by veekid(m): 8:40am On Jun 12, 2016 |
long poo, una get the money?? |
Re: Economic Crisis: We Won’t Bail Out Banks With Public Funds – FG by wazobianaija: 8:41am On Jun 12, 2016 |
Imagine, bank that is supposed to be bailing out people. |
Re: Economic Crisis: We Won’t Bail Out Banks With Public Funds – FG by leledels: 8:42am On Jun 12, 2016 |
veekid:Same question on my mind 1 Like 1 Share |
Re: Economic Crisis: We Won’t Bail Out Banks With Public Funds – FG by Raypawer(m): 8:43am On Jun 12, 2016 |
then more bankers will be sacked, but in a way its good, bank will have to maximize profit at a reduced cost |
Re: Economic Crisis: We Won’t Bail Out Banks With Public Funds – FG by Lordskyes(m): 8:43am On Jun 12, 2016 |
Okay na |
Re: Economic Crisis: We Won’t Bail Out Banks With Public Funds – FG by Nobody: 8:44am On Jun 12, 2016 |
Standing5:1000likes 1 Like |
Re: Economic Crisis: We Won’t Bail Out Banks With Public Funds – FG by malaikah: 8:46am On Jun 12, 2016 |
Funny government... why then interfering in their mass sack when you know you can't bail them out? 7 Likes 1 Share |
Re: Economic Crisis: We Won’t Bail Out Banks With Public Funds – FG by Nobody: 8:48am On Jun 12, 2016 |
Would have loved to shout it from here buh the President, nay the economic team is deaf. Pls could someone nearby pinch them hard and using sign language, explain to them that giving us fish isn't a big deal, teaching us to fish is the raw deal. What the economy needs is stimulus packages and not funds. The banking sector contributes the Lions share in terms of equity at the NSE, which is a marker of economic activities. Any government policy has a direct impact on the market. Fillibusters and stimulus packages like tax holidays, import waivers, reduction in bureaucracy etc could jumpstart our much needed economic recovery. 3 Likes |
Re: Economic Crisis: We Won’t Bail Out Banks With Public Funds – FG by worlexy(m): 8:50am On Jun 12, 2016 |
After one year in power, I'm still wondering why this government is visionless and directionless 3 Likes |
Re: Economic Crisis: We Won’t Bail Out Banks With Public Funds – FG by general1970: 8:52am On Jun 12, 2016 |
Funny country, who's deceiving who? The banks will look for a medium to extort money from their customers to cover the loop hole like MTN, E.g Account Maintenance Fee, is that no extortion from the public? |
Re: Economic Crisis: We Won’t Bail Out Banks With Public Funds – FG by babdap: 8:53am On Jun 12, 2016 |
Y won't they sack their staff when there is no looted money for keeps. 4 Likes 1 Share |
Re: Economic Crisis: We Won’t Bail Out Banks With Public Funds – FG by silvernus0: 8:54am On Jun 12, 2016 |
wazobianaija: IMAGin my brother wazobianaija: IMAGin my brother |
Re: Economic Crisis: We Won’t Bail Out Banks With Public Funds – FG by sunmike065(m): 8:57am On Jun 12, 2016 |
bank need bailout bank need bailout ?? |
Re: Economic Crisis: We Won’t Bail Out Banks With Public Funds – FG by sunmike065(m): 9:01am On Jun 12, 2016 |
bank need bailout ?? an institution that is suppose to be helping citizen in this period of hardship sef claimed to need help? this is what corruption as caused to this country |
Re: Economic Crisis: We Won’t Bail Out Banks With Public Funds – FG by sunmike065(m): 9:01am On Jun 12, 2016 |
bank need bailout ?? an institution that is suppose to be helping citizen in this period of hardship sef claimed to need help? this is what corruption as caused to this country |
Re: Economic Crisis: We Won’t Bail Out Banks With Public Funds – FG by HOTsnow(m): 9:11am On Jun 12, 2016 |
This is a warning that the government needs to put on its crown and waves its command stick in the banking sector. One of my recommendation is that: There are a lot of banks in Nigeria claiming national status without the capacity of maintaining there positions hence, demoting more of them to regional banks and having 4-5 as national bank based on their resources of surviving. With this banks will not over stretch themselves in competiting at the national level. I.e employing nationwide and sacking annually. Soludo did this and it seperated the shafts from the seeds. More of this has to be done over time to put the banks on their feet so they won't bit much than they can chew. Note, its not in Nigeria, banking sectors all over the african continent and beyond are experiencing this. A good case study is south africa: Capitec Bank, Standard Bank, Nedback, FNB and ABSA Bank are the only national banks well regulated by the government and the rest regional and provincial. Economies of countries are changing not just Nigeria and the money-keepers (Banks and financial institutions) have to go with the change and not by sacking employers but by being properly positioned by the government. 2 Likes 2 Shares |
Re: Economic Crisis: We Won’t Bail Out Banks With Public Funds – FG by OjukwuWarBird: 9:24am On Jun 12, 2016 |
You told Banks not to sack workers but refused them bailouts. This government has problem with their economic reasoning 1 Like |
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