safarigirl:


My sister's name is Funmilayo, but she's not Yoruba.

Goodluck is not Igbo, he is Ijaw. Receive sense

buharitill2023:
but porn star terrorist nnamdi kanu said bayelsa to benue to adamawa are biafra. And asari said igbos are slaves to ijaw, and he wil kil the porn star if idiotic pigs think otherwise

safarigirl:


My sister's name is Funmilayo, but she's not Yoruba.

Goodluck is not Igbo, he is Ijaw. Receive sense

adedayoa2:
Jonathan is not igbo.

sotall:
Watch as another northern Muslim is appointed

safarigirl:
a Yoruba man is supposed to be the next governor, not an Hausa man.

Or, is CBN governor only good for Igbo and Hausa people?

safarigirl:


Who is the some people?

They are ancestrally Igbo. GEJ is ancestrally Ijaw. Tge Ndokwa and Ika are culturally Igbo, they speak a variance of Igbo, it goes beyond just a name. Ijaw is not a variance of Igbo, they speak a language that is not Igbo, their cultures are different.

It is not the same thing, and someone like you, who is just being mischievous with this topic, will never be able to see the point.

Ika is a recognised ethnic group in Nigeria, and they are listed as a sub-group of Igbos. I doubt Ndokwa is a recognised ethnic group, they can be whatever they want to be. Identity crisis is a thing.

seunmsg:


It’s cool for Jonathan to remove a Fulani Sanusi Lamido and replace him with an Igbo Emefiele but a crime for Buhari to replace the same Emefiele with a Northerner. Una hypocrisy ehn!

omohayek:
Reading all the stupid, irrelevant comments here about whether or not Buhari is replacing Emefiele with a northerner or not, it's obvious why Nigeria is destined to remain a stagnant sh*thole for the foreseeable future. Hardly any of you even know what a CBN governor does, let alone that Emefiele is directly responsible for the insane multi-tier FX rate regime that triggered massive capital flight and sank Nigeria into its first recession in 25 years, a recession the economy still hasn't recovered from!

It's not just that Emefiele has overseen so much needless pain and suffering for nearly 200 million people, but that he has done so at the behest of the economic illiterate Buhari, and worse yet, that Emefiele has done so despite being legally guaranteed policy independence for the whole of his tenure - if Emefiele had wanted to, he could simply have ignored Buhari's demands with impunity, and Buhari would have had no constitutional means to remove him from office until the end of his full term. In short, Emefiele sacrificed the economic well being of the entire Nigerian populace on the altar of his own personal ambition, no doubt hoping to obtain a second term in office by doing so, but the vanity of that ambition has been revealed, thanks to Buhari's need for a scapegoat for the lackluster economy under his watch.

As if this story weren't sad enough, now that Emefiele is due to reap what he has sown, tribal defenders leap out of the woodwork to cry about "northerners vs southerners", as if all that matters in governance is which tribal elites get which "juicy" appointments, rather than how people perform when on the job - and the funny thing is that the tribal warriors are also the ones who complain the loudest about the terrible economy under Buhari, even though the Emefiele they rush to defend has been the willing instrument through which Buhari caused his economic damage.

I don't doubt for one minute that Buhari's natural inclination will be to choose a northerner to replace Emefiele, but that is not the right basis upon which to criticize his choice, especially not after 4 years of economic distress: what people should be pushing for is to ensure that the person chosen has a proven record of competence, and can deliver simultaneously on the twin tracks of much lower inflation and much faster economic growth. Sensible people whose lives don't revolve around tribalism might even suggest that the candidate search should go beyond Nigeria's borders, even to bringing in experts from the USA or Europe. This isn't as radical as it might sound, as the current head of the Bank of England is a Canadian, and Israel's central bank was headed for a time by an American.

What Nigeria needs right now is growth, growth on the order of 10% or more, growth fast enough to create vast numbers of private-sector jobs to soak up the millions of new job-seekers who come into the market each year, thanks to Nigeria's uncontrolled population increase. Whether Buhari chooses a "northerner", a "southerner" or even someone from Alpha Centauri only determines who gets one job, but it is the millions of jobs that might then go uncreated we should be thinking about, instead of all this "zoning" rubbish unintelligent Nigerians obsess about.

sotall:
Watch as another northern Muslim is appointed

omohayek:
Reading all the stupid, irrelevant comments here about whether or not Buhari is replacing Emefiele with a northerner or not, it's obvious why Nigeria is destined to remain a stagnant sh*thole for the foreseeable future. Hardly any of you even know what a CBN governor does, let alone that Emefiele is directly responsible for the insane multi-tier FX rate regime that triggered massive capital flight and sank Nigeria into its first recession in 25 years, a recession the economy still hasn't recovered from!

It's not just that Emefiele has overseen so much needless pain and suffering for nearly 200 million people, but that he has done so at the behest of the economic illiterate Buhari, and worse yet, that Emefiele has done so despite being legally guaranteed policy independence for the whole of his tenure - if Emefiele had wanted to, he could simply have ignored Buhari's demands with impunity, and Buhari would have had no constitutional means to remove him from office until the end of his full term. In short, Emefiele sacrificed the economic well being of the entire Nigerian populace on the altar of his own personal ambition, no doubt hoping to obtain a second term in office by doing so, but the vanity of that ambition has been revealed, thanks to Buhari's need for a scapegoat for the lackluster economy under his watch.

As if this story weren't sad enough, now that Emefiele is due to reap what he has sown, tribal defenders leap out of the woodwork to cry about "northerners vs southerners", as if all that matters in governance is which tribal elites get which "juicy" appointments, rather than how people perform when on the job - and the funny thing is that the tribal warriors are also the ones who complain the loudest about the terrible economy under Buhari, even though the Emefiele they rush to defend has been the willing instrument through which Buhari caused his economic damage.

I don't doubt for one minute that Buhari's natural inclination will be to choose a northerner to replace Emefiele, but that is not the right basis upon which to criticize his choice, especially not after 4 years of economic distress: what people should be pushing for is to ensure that the person chosen has a proven record of competence, and can deliver simultaneously on the twin tracks of much lower inflation and much faster economic growth. Sensible people whose lives don't revolve around tribalism might even suggest that the candidate search should go beyond Nigeria's borders, even to bringing in experts from the USA or Europe. This isn't as radical as it might sound, as the current head of the Bank of England is a Canadian, and Israel's central bank was headed for a time by an American.

What Nigeria needs right now is growth, growth on the order of 10% or more, growth fast enough to create vast numbers of private-sector jobs to soak up the millions of new job-seekers who come into the market each year, thanks to Nigeria's uncontrolled population increase. Whether Buhari chooses a "northerner", a "southerner" or even someone from Alpha Centauri only determines who gets one job, but it is the millions of jobs that might then go uncreated we should be thinking about, instead of all this "zoning" rubbish unintelligent Nigerians obsess about.

safarigirl:


Who is the some people?

They are ancestrally Igbo. GEJ is ancestrally Ijaw. Tge Ndokwa and Ika are culturally Igbo, they speak a variance of Igbo, it goes beyond just a name. Ijaw is not a variance of Igbo, they speak a language that is not Igbo, their cultures are different.

It is not the same thing, and someone like you, who is just being mischievous with this topic, will never be able to see the point.

Ika is a recognised ethnic group in Nigeria, and they are listed as a sub-group of Igbos. I doubt Ndokwa is a recognised ethnic group, they can be whatever they want to be. Identity crisis is a thing.

einsteine:

Too long a post. I didn't hear you talk about Adeosun or Buhari.

Emefiele was working based on orders from Buhari. Buhari is also the one who appointed an auditor to run the economy rather than a seasoned policy maker or economist.

Buhari's first coming led to a recession. He asked Emefiele to implement similar philosophy (Buharinomics, google it) and it caused a recession.

When Emefiele is replaced, it would be same sh1t, different day.

If you want to apportion blame in your wall of text, direct it to the right person: Buhari.

RTSC:

And you actually trust buhari to bring somebody better?
How many of his ministers are better than emefiele?

A president whose priority is ethnic before competence.

omohayek:

And here we have a textbook example of a tribalist who has no clue about economics, yet leaps to the defense of a perceived "kinsman" who doesn't even know he exists. Tell me, did Adeosun have any influence on FX policy? And if you weren't as lazy as you've admitted to being, you'd have seen that I already said Emefiele's fault was in willingly carrying out Buhari's orders, even though the independence of the CBN is statutorily guaranteed. Keep on defending an incompetent "kinsman" whose misguided policies have wrecked so much damage on the businesses of so many other of your "kinsmen".

einsteine:


Don't be foolish. where did I say Emefiele was my kinsman? Don't project your insecurity on others.

If you had seen my previous post on this issue, you would have known that I stated that ethnicity is irrelevant here afterall it's the tradition for Northern leaders to appoint Northern CBN governors. by the way, I can see you had a heatstroke because you heard Adeosun. Perhaps you are the one defending your kinswoman?

Is FX policy the only part of managing an economy? Score Adeosun out of ten on Fiscal policy. She would have been better suited for Udo Udoma's job not the position of Finance minister. She and Emefiele presided over a failed economy all in the bid to follow the poor economic policy of their master at Aso Rock.

very funny @ the bolded. I have published economics papers. Have you?

Hector09:
He should be grateful that he finish his tenure and buhari did nt remove him as usual, a northerner must surely take over

KubwaBoy:
He is not a Fulani man na......... Am expecting a Hausa/Fulani man to come and replace him

VULCAN:
This was to be expected.

Buhari does not even pretend that he believes other tribes should hold sensitive postions

An Hausa Fulani will replace him for sure

Not even a hope for the Yoruba despite their overqualified candidates.

Join me in telling the Yoruba that supported Buhari that they should take heart.

Osinbajo as VP is all that Buhari will concede to them. He needed their votes and they are not worth anything else to him

omohayek:

You didn't have to explicitly say anything, as your insistence on bringing Adeosun into a discussion of Emefiele's tenure said plenty on its own. Since when has deducing the obvious been a mark of "insecurity"? "Insecurity" would be me jumping from post to post mentioning irrelevant Igbo politicians and bureaucrats in discussions of prominent Yorubas, which is something I have never ever done. I don't believe in standing behind knaves and incompetents just because they're my "kinsmen" or whatever.

Please tell me the relevance of Adeosun to the ridiculous multi-tier exchange rate regime, and then maybe I'll take you seriously. I'm yet to see any worthwhile analysis of the Nigerian economy that doesn't target this and the ridiculously inflated MTN fine as the root causes of Nigeria's economic nosedive.

To begin with, Adeosun has been out of the job for over a year, while Emefiele is still on the job doing damage, and as far as I can see there haven't been any calls for Adeosun to get her job back. In addition, Adeosun was by far the least powerful occupant of her position in a very long while, doing little more than syndicating foreign loans, and she had no meaningful role in drawing up budgets. Given such facts, what point is there in dragging her into the discussion, if not to derail it with yet more tribalism in the form of a "tu quoque" fallacy.

Anyone can claim anything on the internet under the cloak of anonymity. If I say I am actually the King of Belgium, who are you to correct me? Besides, the world has no shortage of predatory journals willing to publish any old rubbish for a fee, so don't expect me to be impressed by such a vacuous statement. Somehow I doubt you're being published in journals like the Quarterly Journal of Economics, Journal of Political Economy or American Economic Review. Your arguments will have to stand on their own instead of leaning on an authority based only on your say so.

Mace0lane:
PDP supporters on NL will argue Emefiele is doing a good job but naira keeps going down. They also want Buhari to give him a second term n I asked them are they okay with naira continued downward trend ? Will they not wail if it persists ?!

If the answers is yes Buhari should give him automatic second tenure but if not make the man leave road for person wey sabi even if another Igbo, this one Na colossal failure that must not be repeated except God wan punish Buhari.

Hardship pervade the entirety of the land to the extent those who voted change started wailing all due to the pathetic dull in fact worse cbn governor witnessed in my lifetime.



Anyone is beta than the dullard heading CBN now that idiot no sabi anything about monetary policies.

Olajah81:


Simple English u cannot understand?
Dear, u need mental therapy

adedayoa2:
you dey craze o, na you I quote?

Olajah81:


Iranu
Continue ur wacko-jacko in foolishness
Omo ofo

einsteine:

But of course you wish to believe I am thinking the same way you and your fellow Nigerians think. You heard Adeosun and immediately leaped to the defence of someone from your "tribe". Yet you are the one calling me a tribalist.

omohayek:

Again you go in for rabid projection: tell me again, of what relevance is Adeosun to a discussion of Emefiele's tenure? Are you going to deny any of the following points?

1. Kemi Adeosun currently holds no office in Nigeria, and hasn't done so for a year now. In addition, she has no independent political base of her own, and can exert zero influence over any decision-making in Abuja.

2. Even when Adeosun did hold office, she served entirely at the pleasure of Buhari, without the statutory independence Emefiele enjoys. Unlike the spineless, incompetent CBN governor, she didn't have the luxury of second-guessing Buhari even when she doubted the wisdom of his dictates.

3. Adeosun had next to no influence on budgetary decision-making, and primarily concerned herself with things like international bond issuance and tracking of fund dispersals (e.g. the crackdown on "ghost workers", and forcing NNPC to publish monthly reports). This article does a pretty good job of detailing precisely what Adeosun's responsibilities were, and it should be glaringly obvious that establishing how much to allocate to whom was not on the list.

4. As several independent, international observers have noted, from Bloomberg, to Reuters, to The Economist, to The Brookings Institute, and many more besides, the blame for Nigeria's severe economic recession does not owe to the Buhari government's fiscal policies as such (which in any case Adeosun never had much say over), but to the capital flight stemming from the combination of (i) an opaque exchange-rate regime, (ii) ill-considered, arbitrary bans on imports, (iii) new restrictions on investors ability to repatriate their earnings, and (iv) the strongly negative signals sent by the insane $8.2 billion fine imposed on MTN. How exactly was Adeosun involved in any of these decisions?

Unless you can provide credible answers to all of the above, preferably backed by high-quality references, I will continue to call you what you by all accounts appear to be: just another "leave our son alone" tribal warrior who decided to draw an irrelevant Kemi Adeosun into the debate for the sake of turning it into a pointless jamboree of "whataboutism". I don't personally give a damn about Adeosun either way, and would never have picked her for the post of Finance Minister myself, just as I don't care what happens to Saraki, Melaye, Ajimobi, Fayose or any number of other Yoruba politicians who have embarrassed themselves in office; where non-Yoruba ministers have done good work, I have never been hesitant to give them credit, from Ngozi Okonjo-Iweala (who I have defended on this forum numerous times) to Charles Soludo, What I can't stand is the sort of intellectual dishonesty exemplified by people like you, whose pretence to expertise makes all the more unjustifiable their attempt to muddy the waters with tribalistic nonsense, all in the defense of a self-serving incompetent who has single-handedly done more to destroy Igbo businesses than anyone else in the last 30 years.

datola:


Really?