Olawepo Hashim explained why CBN has failed to grow Nigeria’s economy in the past 20 years
https://mrrightsng..com/2018/11/olawepo-hashim-explained-why-cbn-has.html


The Peoples Trust (PT) and third force presidential candidate, Mr Olawepo Hashim has set out the criteria to select a Central Bank of Nigeria (CBN) governor to restructure the economy for growth and indigenous technology should he emerge as President of Nigeria in 2019.

The global business mogul stated that, the governor of central bank must be somebody who aligns with the vision to completely restructure the Nigerian economy, to make it a productive economy.

‘’You cannot be a central bank governor that is beholding to the interest of money lender almost in the past 20 years and the bankers and money lender have been controlling the central bank and the central bank has been ordered along their interests rather than along the mandate of building a solid productive economy and creating employment’’.

He remarked on the current practice by CBN: ‘’They only see employment creation as CSR (corporate social responsibility) to demonstrate that they are intervening. You are not just supposed to be making tokenist measures of those issues, it should be the core of their mandate. They should manage the monetary policy in such a way that the employment is high, interest lending rate is low, manufacturer expanse, infrastructural expanse. This must be what they are doing but right now they are taking money from the economy and just financing bonds and crowding out the real sector’’. He said.

The frontline candidate who has been endorsed by 10 political parties made this known during a lengthy interview session with selected journalists in Abuja during the weekend.

Commenting further on the economy, Hashim states that ‘’Manufacturers cannot take money because all the real money has been taken out in bonds at high interest rates and then civil servants take this money and go and change it in the dollar market. That’s what has been happening’’ he said.

Explaining what he is doing differently, he said ‘’We have been very clear on our road map to build the economy and to make it a $4 trillion economy. We have been clear with our strategy to build infrastructure. We have been clear with our strategy to build indigenous technology which is key to being a self-reliant economy otherwise even when you have all the money, from sales of primary products assuming the price is even high, it is going to be a logistic nightmare for you to be importing everything that you need’’. He said.

‘’The critical issue is to have the technological base to be able to produce majority of what you consume locally and at relatively competitive costs and that means a lot of reforms even in the financial sector. I mean you have to deepen the financial sector. Investors and local industrialists and manufacturers should be able to access money at single digit interest rate, adding that, a Chinese manufacturer cannot be taking at four per cent and a Nigeria manufacturing taking at 25 per cent and you want to be competitive. So there is already a 21 per cent differential in terms of your own cost of money’’.

‘’An important part of this strategy will be also from day one when I am going to be making my appointments of who is going to be the governor of the central bank when I become president’’. He concluded.

Long story short, its because afonjas and kunu drinkers are in charge

friendlyadvice:
Long story short, its because afonjas and kunu drinkers are in charge

Are they also in charge of your brain?

bilms:


Are they also in charge of your brain?

Blood of mixtapes.ng

Let me summarise for people who don't know how to read or don't like reading long epistle..


He's saying that the dullardio in charge of the country had F9 in mathematics and absent in economics.. So how are you expecting a miracle in the economy..

Thank me later when u have time..

Growing Nigeria's economy is now solely the work of the CBN and not the work of the President Abi?
I think it is a collective work of the CBN, the executive, the legislature, the judiciary, the public & private sector and the bloody civilian.
Our economy can't thrive amidst corruption. That's the more reason I included the Judiciary and the military.

Chi4sky:
first time in front page. .thank u poster

What's in your head is Buhari's brain. Please go and return it ASAP.

first time in front page. .thank u poster

Chi4sky:
first time in front page. .thank u poster

Wat is special in that pls??

bilms:


Are they also in charge of your brain?

They can't be in charge of his brain because he doesn't have a brain. You only take charge of something that exist. That Nigga is brain dead.
Please let's observe a minute silence for him.

Hmmmm

SolutionMee:

Growing Nigeria's economy is now solely the work of the CBN and not the work of the President Abi?
It is a collective work of the CBN, the executive, the legislature, the judiciary, the public & private sector and the bloody civilian.

This is so on point...it's a collective responsibility

anigbajumo:

Wat is special in that pls??

it shows that am not lifeless

Chi4sky:


it shows that am not lifeless

what does lifeless has to do with his question? your response to his question shows that you aren't only lifeless but dead

This man don't worry you will be elected as SUG president next year

KINGinVAHALA:

what does lifeless has to do with his question? your response to his question shows that you aren't only lifeless but dead

its like someone offended you
take 5naira and buy biscuits

SolutionMee:
.

What's in your head is Buhari's brain. Please go and return it ASAP.

Bleep you

under buhari most business are dead or dying off

Chi4sky:


its like someone offended you
take 5naira and buy biscuits

Your father needs the #5 more. I heard he is one of the Nigeria Airways retiree that PDP couldn't pay, saved by Buhari and he still ended up spending everything on a woman. Now he needs your #5 more. Please pity and help him, he is your father

This is what we must do...

’You cannot be a central bank governor that is beholding to the interest of money lender almost in the past 20 years and the bankers and money lender have been controlling the central bank and the central bank has been ordered along their interests rather than along the mandate of building a solid productive economy and creating employment’’.

That's the summary,the current CBN boss is Jim ovias boy and came from Zenith bank. Sanusi before him also came from first bank to head CBN. His argument is these guys protect the interests of the banks rather than the entire population at large. I don't think soludo became CBN Governor from any bank though but he was able to do the consolidation. Sanusi did some witch hunting on intercontinental bank as CBN oga. All in all, he's saying CBN governors we've had in recent years are agents of the banks and doing the banks interests.henry boyo;a popular economist has explained severally how CBN could do better at the expense of the banks to the benefit of the larger populace but no way .

i still cant believe that we dont mint our currency in this country. what a WoW


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Lyoncrescent:
’You cannot be a central bank governor that is beholding to the interest of money lender almost in the past 20 years and the bankers and money lender have been controlling the central bank and the central bank has been ordered along their interests rather than along the mandate of building a solid productive economy and creating employment’’.

That's the summary,the current CBN boss is Jim ovias boy and came from Zenith bank. Sanusi before him also came from first bank to head CBN. His argument is these guys protect the interests of the banks rather than the entire population at large. I don't think soludo became CBN Governor from any bank though but he was able to do the consolidation. Sanusi did some witch hunting on intercontinental bank as CBN oga. All in all, he's saying CBN governors we've had in recent years are agents of the banks and doing the banks interests.henry boyo;a popular economist has explained severally how CBN could do better at the expense of the banks to the benefit of the larger populace but no way .

CBN is the problem of Nigeria economy. If the president is proactive and up to the real task, the CBN gov is a goner since June 2015 regardless of any law relating to that but its quite sad the president and his party is unprepared for the job of governance, public policy direction and the economy.

There's no consolidation between Nigeria monetary policies and fiscal policies

Lyoncrescent:
’You cannot be a central bank governor that is beholding to the interest of money lender almost in the past 20 years and the bankers and money lender have been controlling the central bank and the central bank has been ordered along their interests rather than along the mandate of building a solid productive economy and creating employment’’.

That's the summary,the current CBN boss is Jim ovias boy and came from Zenith bank. Sanusi before him also came from first bank to head CBN. His argument is these guys protect the interests of the banks rather than the entire population at large. I don't think soludo became CBN Governor from any bank though but he was able to do the consolidation. Sanusi did some witch hunting on intercontinental bank as CBN oga. All in all, he's saying CBN governors we've had in recent years are agents of the banks and doing the banks interests.henry boyo;a popular economist has explained severally how CBN could do better at the expense of the banks to the benefit of the larger populace but no way .

I quite agree with you.
This is the more reason why we should support Olawepo Hashim to lead this great country to it's rightful greatness

They won't vote for you.
Tell them you will steal their money, give them peanuts, reduce fuel price. Then you might have a chance.

Pussy2sweet:
They won't vote for you.
Tell them you will steal their money, give them peanuts, reduce fuel price. Then you might have a chance.

Your user name though

Ok

KINGinVAHALA:

This is so on point...it's a collective responsibility

The collective responsibility from the past, what did it yield?
There will be very little in terms of difference if we don't restructure how things are run in this Nigeria.... U need to also have the right people in charge, not like someone who study law to come abd be minister of power... Go and listen to what sowore said today, that will make more sense

bilms:


I quite agree with you.
This is the more reason why we should support Olawepo Hashim to lead this great country to it's rightful greatness

Oh, now u get some times wen sowore days these people are not fit to be in charge... Ur u want things to work, u simply bring in new brains who has no affiliations to the past