RomeSankara:
I was correct that the Treasury bills sales figures under this govt was artificial because I noticed the Way the were being bought faster than any other time in our history even though we were in a recession ..Ladies and gentlemen we have all witnessed the most corrupt, most deceptive, most brutal and most dangerous regime in our collective history ...Even I couldn't have fathomed such fraud like buying up Ur own treasury bills ..damn ..Sarrki explain this now

RomeSankara:
I was correct that the Treasury bills sales figures under this govt was artificial because I noticed the Way the were being bought faster than any other time in our history even though we were in a recession ..Ladies and gentlemen we have all witnessed the most corrupt, most deceptive, most brutal and most dangerous regime in our collective history ...Even I couldn't have fathomed such fraud like buying up Ur own treasury bills ..damn ..Sarrki explain this now

omohayek:
Let me also take this opportunity to add that this news report only substantiates what I've been saying about Emefiele for a long time now, which is that he is a spineless, grovelling coward who is so eager to cater to Buhari's ridiculous whims that he ignores the independence he is statutorily guaranteed. If Emefiele wanted to say no to everything Buhari was demanding, there would be no legislative or administrative means Buhari or anyone else could use to override him, short of getting both chambers of the NASS to strip the CBN of its independence, and the international backlash that would ensue from such a move would kill the attempt at the earliest stages. Barring some sort of blackmail, the only remedy Buhari would have against Emefiele would be to refuse to extend his tenure for another term, but this isn't something a central banker with any principles would be worried about. Unfortunately for 180 million Nigerians, Emefiele is not such a man of principle.

GEJPosterity:
Onatisi said it in 2015 that they would eventually start printing cash to fund their government after running the economy aground.

I didn't think it would happen this soon though.

dflking:
Seun u dey sleep.... U type bank 2 times

onatisi:

have they started? KikikI ,abi no be buhari!

omohayek:

But thanks to this cowardice Nigeria has now suffered the worst of both worlds, high inflation and the first recession in 25 years. Russia did most of the right things, and despite also having to deal with Western sanctions (because of the Crimean invasion) Russia has neither suffered Nigerian levels of inflation nor Nigeria's radical economic slowdown.

As for the privatization thing, I know I sound like a broken record on this, but Buhari's refusal to do anything about it can't be understood without thinking about the ethnic angle. There's a reason why the only other Northerner to rule since 1999 was also strongly opposed to privatization: Nigeria's bloated public sector, with its "federal character" obligations and whatnot, provides a huge source of patronage to northern politicians, and privatization would mean all these northerners would be forced to compete with their southern counterparts purely on the basis of merit - and there's no question what that would mean in terms of who gets employed and at what levels. The degree to which the Nigerian state is rigged to favor Northern interests is easy to underestimate if one just looks at federal allocations.

One of the consequences of the northern inability to compete on the private sector's level playing field is that northern elites aren't all that bothered about losing out on the opportunities a stronger private sector would provide. After all, it's not as if most of them would be in any position to take advantage of said opportunities, so why should they care?

GEJPosterity:

Nigerians are the biggest fools in the known history of humanity.

There is nothing more to say.

dodelight:

Some of us who have foresight warned Nigerians. it such a shame now. We were moving forward. Then Buhari came!

Saaruman:
vegetable is really pighting kworoption that man is just a ghost in aso rock, totally useless.
I said it! The monumental degree of corruption under vegetable's govt will make the devil look like a born again saint.

GEJPosterity:
Nigerians are the biggest fools in the known history of humanity.

There is nothing more to say.

GEJPosterity:
Onatisi said it in 2015 that they would eventually start printing cash to fund their government after running the economy aground.

I didn't think it would happen this soon though.

RomeSankara:

Yes we were ..was Ur life not better then ..couldn't you buy brand new things..Nigeria was actually better then

RomeSankara:
I was correct that the Treasury bills sales figures under this govt was artificial because I noticed the Way the were being bought faster than any other time in our history even though we were in a recession ..Ladies and gentlemen we have all witnessed the most corrupt, most deceptive, most brutal and most dangerous regime in our collective history ...Even I couldn't have fathomed such fraud like buying up Ur own treasury bills ..damn ..Sarrki explain this now

omohayek:

But thanks to this cowardice Nigeria has now suffered the worst of both worlds, high inflation and the first recession in 25 years. Russia did most of the right things, and despite also having to deal with Western sanctions (because of the Crimean invasion) Russia has neither suffered Nigerian levels of inflation nor Nigeria's radical economic slowdown.

As for the privatization thing, I know I sound like a broken record on this, but Buhari's refusal to do anything about it can't be understood without thinking about the ethnic angle. There's a reason why the only other Northerner to rule since 1999 was also strongly opposed to privatization: Nigeria's bloated public sector, with its "federal character" obligations and whatnot, provides a huge source of patronage to northern politicians, and privatization would mean all these northerners would be forced to compete with their southern counterparts purely on the basis of merit - and there's no question what that would mean in terms of who gets employed and at what levels. The degree to which the Nigerian state is rigged to favor Northern interests is easy to underestimate if one just looks at federal allocations.

One of the consequences of the northern inability to compete on the private sector's level playing field is that northern elites aren't all that bothered about losing out on the opportunities a stronger private sector would provide. After all, it's not as if most of them would be in any position to take advantage of said opportunities, so why should they care?