Bubu ve no mind of his own really he couldn't ve reappointed em emefele based on performance.. Does he even know a thing about that? The guy dances willingly to the beat of the cabal and this is his reward.

phransix2:
No better reason than Buhari doesn't have any old Aboki that knows anything about finance to give it to.

I still haven't felt any of Emefiele's policies compared to
the era of Soludo n Sanusi.

Emefiele's monetary policies are very good but he lacks an effective and efficient minister of economy/finance to advise the government of fiscal policies, soludo and sanusi had a world class minister of economy/finance which understand the economic policy to stabilize the Nigerian economy

Where are those Wailer's that said BUHARI will appointed a Northerner's to replace Emefile, where are those that always said BUHARI is biased becouse he always appointed a Northerner to the key position, why are you silent about Emefile appointment.

Buhari is disciplined & he stick to his team members as long as he believes in them,that alone is a good leadership trait. Has he changed any minister since he assumed power ? No! He does not believe in sentimental assessment of the public..this is my personal observation about his person.. He recommended Adeshina for ADB job because he believed in his capacity and saw his performance as Agric minister .Don't be surprise if you see such a professional in his next assembled team. People should keep guessing the Baba anyway ,it is another quality to be unpredictable as a leader. Only God knows what the Ohanezes & their IPOB brain child would come up with this time around ..Let them shout marginalization and let's hear them

congratulations to Emefiele

mirriamfen:
confirm

Dear seun osewa,
Can you please ban all these idiots and disable registration on your forum at least for a week?

Regards

jadeliyi:

Emefiele's monetary policies are very good but he lacks and effective and efficient minister of economy/finance to advise the government of fiscal policies, soludo and sanusi have a world class minister of economy/finance which understand the economic policy to stabilize the Nigerian economy

So you mean both Kemi and the current minister don't have what it takes to drive home his policies? Maybe he's policies are just like that of Buhari, hard to understand...

CRAP!!!

Praise praise and praise for the CBN governor because he was retained, but if he was dropped same writer will criticize and give a hundred and one reasons why he need to be changed.

Congratulations and good luck to u Emiefele. Pls try and work harder to stabilize the economy more, increase reserve and decrease interest rate.
Well done sir

Long story..He was re- appointed because he has been loyal to the cabal!

Only one Reason:

Some secrets of mismanagement and Unapproved Withdrawals need be kept Secret. If he's let go, they're not sure he wouldn't spill the beans. Remember, he has all documents of legal and illegal financial activities.

He got something on Buhari, simple.

hisgrace090:
Let them reduce the dollar rate now.

Who will reduce dollar.

0ppa:
If you don't just like anything'bout Buhari, gather here.

Hatred will kill all of una wey no like anything about him

phransix2:
No better reason than Buhari doesn't have any old Aboki that knows anything about finance to give it to.

I still haven't felt any of Emefiele's policies compared to
the era of Soludo n Sanusi.

which policies are those?

tactius:


A CBN governor who raised our reserves from $28bn in 2015 to $42 bn now is what you call worse?

And by the way PDP man, you should be happy...as he was appointed by GEJ. A good legacy, no.?

And what is the value of the naira? Your currency has lost more than double of its value in three years, climbed down to triple at a point and you're rejoicing over foreign reserve which is not commensurate with the fall?
Are you okay?

If you're for sanusi rather here let's pray

Who can explain in lay man's term - Import / export window.

his reappointment may be as a result of the following
1-to conceal all their misappropriation.
2-so he would not divulge useful financial information to opposition
3-his loyalty to the government .
4-To help disclose pdp looters.
5-his outstanding performance.

JudasNaCarrot:
All the reason given above is completely lies and wash.

The CBN govnor is a willing tool, the ATM of the cabal in Aso Rock.

He provided funds when ever needed.

That's all.

TommyAnthem:
Praise praise and praise for the CBN governor because he was retained, but if he was dropped same writer will criticize and give a hundred and one reasons why he need to be changed.

Those idiotic iPods eh, dem no dey taya.

Anything you do, dem go talk.

That's why i love Sai baba.

E no even send dem.

One of benefits of bein loyal to Cabals!
Congratulations

dedonfranco:
He's been a fantastic job ever since
I hope some people willnt call Buhari a fool because of this.

This is a clear example of “in the city of the blind the one eyed man is king”. Maybe he has done Sm things well bt the economy is serious lacking and lagging behind. There is nothing here to celebrate unless we are delusional by our mediocre beliefs and mindset.


Also I don see the minister of finance being changed so the economy will continue in its autopilot state. Nice1

Buckubuck:

And what is the value of the naira? Your currency has lost more than double of its value in three years, climbed down to triple at a point and you're rejoicing over foreign reserve which is not commensurate with the fall?
Are you okay?

1. The fall in the value of the naira was expected. So long as we are not earning enough in dollars...the value would fall.

Eg: when oil was at $100 and above, it was one dollar could buy less than 200 naira. Since 2015, oil has been fluctuating between $30-80. Of course the value of the naira would fall.

The miracle is that despite the fall in revenues from oil, we were able to save. The only way the value of the naira can rise is if the oil dollar rises again.

2.For countries with depleted foreign reserves, see Venezuela.

It is even because we now have a buoyant reserve that the naira is not N500 and above to one dollar.

3.And anyway, praising Ememfiele does not mean , for me , that the problem has gone. We are reliant on revenues from oil. Our economy rises and falls with oil. We must get off oil. Sadly APC nor PDP want to get us off oil.

tactius:


1. The fall in the value of the naira was expected. So long as we are not earning enough in dollars...the value would fall.

Eg: when oil was at $100 and above, it was one dollar could buy less than 200 naira. Since 2015, oil has been fluctuating between $30-80. Of course the value of the naira would fall.

The miracle is that despite the fall in revenues from oil, we were able to save. The only way the value of the naira can rise is if the oil dollar rises again.

2.For countries with depleted foreign reserves, see Venezuela.

It is even because we now have a buoyant reserve that the naira is not N500 and above to one dollar.

3.And anyway, praising Ememfiele does not mean , for me , that the problem has gone. We are reliant on revenues from oil. Our economy rises and falls with oil. We must get off oil. Sadly APC nor PDP want to get us off oil.

Fall in naira value was expected and should have been allowed to happen according to market dictates. Emefiele in sheepish obedience to illiterate buhari introduced forex control which is anti-market. This led to parallel rates which accelerated the fall and made it deeper. You're a capitalist yourself so you should know that scarcity drives up prices which is what the control led to. The climb up in its value from 500 to 360 was as a result of osinbajo asking emefiele to defend the naira at the interbank market and allowing BDCs to buy forex directly from the CBN when bubu was in London in 2017 which reduced parallel market operations. This policy was embraced by bubu when he returned from UK having seen his folly

I don't even know what some people want, you sack him, they'll complain, you retain him, still the same nagging.

grandstar:
This article is extremely painful to read. I thought it would be the length that would be the only problem

The article speaks so glowingly of Emefiele that you'd imagine that Nigeria's economy has been growing by double digits annually.

The opposite has been the case.

The annual growth rate over the past 4 years has barely been 1% year on average. That means Nigeria became poorer every single year and considering considering growth rates were 6% on average from 1999-2013.

The pegging of the Naira to the dollar in 2015 by Buhari which brought about severe forex scarcity which crippled companies and led to a severe recession should have been resisted by Emefiele. The Presidency has no business dictating to the bank governor and it greatly compounded by PMB's economic illiteracy

If he had done a much better job, the economy should be growing at a 5% rate annually at least. The opposite will be the case for the next 4years with forecasted annual growth of 2.5%. With a population growth rate 2.6%, that's means real economic growth will be negative at (-0.1%)

With the above barometer, he scores an F9

Prof, Kingsley moghalu said it is industry that would drive fiscal policy.

If we are not manufacturing and exporting enough, there is nothing much the CBN can do.

dahmie2013:
This man's nominatn by Buhari tells a lot about his person. In life, we should always learn 2 be open minded. Imagine if he had worked against Buhari, he wud have lost dis opportunity, sumthing dat has never happened in dis country b4.
I have learnt a big lesson 4rm dis, loyalty is also a virtue one must embrace.

Is this about Buhari or about Nigeria.

Most places in the world have Economists running their Apex Banks not Bankers.

It’s a wrong step in the wrong direction at the same time.

All Emefiele is doing is counter productive running of CBN

Anyway the FG have no blue print as well the President is not sound on how to steer the rudder of the ship � called Nigeria

CBN govt obeys without questions. He wont be like Sanusi or any other northerner like Maina who will see the presidency as who they really are