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Nairaland Forum / Nairaland / General / Business / Godwin Emefiele: 13 Things You Probably Didn’t Know About CBN Governor (33818 Views)
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Re: Godwin Emefiele: 13 Things You Probably Didn’t Know About CBN Governor by Adetunji109: 9:01pm On May 17, 2019 |
So now that we know, should we fry beans? |
Re: Godwin Emefiele: 13 Things You Probably Didn’t Know About CBN Governor by victorazyvictor(m): 9:02pm On May 17, 2019 |
Gforce2019: Your mama brainless |
Re: Godwin Emefiele: 13 Things You Probably Didn’t Know About CBN Governor by grandstar(m): 9:16pm On May 17, 2019 |
iammo: There was absolutely nothing wrong in importing rice. The problem has never been producing rice. The problem is producing it competitively. The country has no comparative advantage in rice production So in order to produce rice, what does the government do? Let's say the imported bags sells for 9,000 and the local sells for 15,000, government decides to place N8,000 duty on the imported rice raising the price to N17,000. This now makes the local rice at 15,000 cheaper and people start buying the local one. The question is how does a product that should be selling for 9,000 and now 15,000 help the consumer? The consumer is being fleeced! Countries do best when they pour resources in areas they have comparative advantage. Shea butter alone can earn up to $2bn in exports for Nigeria. That alone can take care of all rice imports. We are yet to discuss benniseed, snails, cashew nuts and w host of other agricultural products. 2 Likes |
Re: Godwin Emefiele: 13 Things You Probably Didn’t Know About CBN Governor by grandstar(m): 9:23pm On May 17, 2019 |
iammo: What you're saying is absolutely false.. How then did the oil sector account for less than 15% of the economy by 2015. If we take the manufacturing sector alone, capacity utilisation was around 28% in the 1990's. By 2014, it was around 55%. Then what would you say about the telecoms sector alone? From 400,000 lines in 1999 to over 100m by 2014. In the hospitality sector, many Protea hotels sprang up, a four point, a Radisson and the Oriental hotel in Lagos. This is Lagos alone. We've not added Port Harcourt, Abuja or Kano. Non oil exports even increased only that there are no proper records. I suspect non oil exports are more like $20bn a year. There's so much unrecorded activity. 1 Like |
Re: Godwin Emefiele: 13 Things You Probably Didn’t Know About CBN Governor by lexy2014: 9:29pm On May 17, 2019 |
iammo: Is there a "rice revolution policy"? What does d policy state? How much imported rice was Nigeria consuming in 2015 compared 2019? D rice importers u talked about are they still not sourcing 4 dollars 4 importation without d help of d CBN? Was Nigeria producing rice b4 2015? |
Re: Godwin Emefiele: 13 Things You Probably Didn’t Know About CBN Governor by tpalan(m): 9:53pm On May 17, 2019 |
IamSoProlific: You vex gan o |
Re: Godwin Emefiele: 13 Things You Probably Didn’t Know About CBN Governor by IamSoProlific: 10:00pm On May 17, 2019 |
ifada123: I honestly wouldn't mind to learn ooo, not for fraudulent reasons but to help crown Nairaland what it craves for. |
Re: Godwin Emefiele: 13 Things You Probably Didn’t Know About CBN Governor by HabaHaba: 10:14pm On May 17, 2019 |
hisexcellency34: Bros, he's a Banker. A Banker is a corporate prostitute - all the money. Don't blame him, Zenith Bank staff thrive on unnecessary Eye Service. If you can not do eye service, you can't be promoted to enjoy other benefits. Ask my Zenith Bank friend. As ta LA Vista baby. |
Re: Godwin Emefiele: 13 Things You Probably Didn’t Know About CBN Governor by HabaHaba: 10:15pm On May 17, 2019 |
hisexcellency34: Bros, he's a Banker. A Banker is a corporate prostitute - all about the money. Don't blame him, Zenith Bank staff thrive on unnecessary Eye Service. If you can not do eye service, you can't be promoted to enjoy other benefits. Ask my Zenith Bank friend. As ta LA Vista baby. |
Re: Godwin Emefiele: 13 Things You Probably Didn’t Know About CBN Governor by ProfessorHank: 10:27pm On May 17, 2019 |
id911: There's a sensible person in nairaland politics!!! This is unbelievable. You're great for post. The central bank is not for bankers. It's for economists. But Nigerian government doesn't care a bit. |
Re: Godwin Emefiele: 13 Things You Probably Didn’t Know About CBN Governor by Gforce2019: 11:13pm On May 17, 2019 |
victorazyvictor: Stupid THiNG |
Re: Godwin Emefiele: 13 Things You Probably Didn’t Know About CBN Governor by Franking: 11:42pm On May 17, 2019 |
His home town is Ika South? Olodo. |
Re: Godwin Emefiele: 13 Things You Probably Didn’t Know About CBN Governor by Mysselff2: 7:34am On May 18, 2019 |
iammo: FACT BRO |
Re: Godwin Emefiele: 13 Things You Probably Didn’t Know About CBN Governor by victorazyvictor(m): 8:27am On May 18, 2019 |
Gforce2019:That's good |
Re: Godwin Emefiele: 13 Things You Probably Didn’t Know About CBN Governor by FhukaFhuka: 8:31am On May 18, 2019 |
hisexcellency34:
|
Re: Godwin Emefiele: 13 Things You Probably Didn’t Know About CBN Governor by id911(m): 10:12am On May 18, 2019 |
ProfessorHank: It's unfortunate bro... Even the highly educated ones always support abnormally in the system. It's appalling 1 Like |
Re: Godwin Emefiele: 13 Things You Probably Didn’t Know About CBN Governor by Gforce2019: 6:51pm On May 18, 2019 |
victorazyvictor: The thunder wey go destroy your entire linage dey come with private jet. Within 2 minutes he don your entire generation commot for this earth. Child of an harlot |
Re: Godwin Emefiele: 13 Things You Probably Didn’t Know About CBN Governor by victorazyvictor(m): 6:54pm On May 18, 2019 |
Gforce2019: wow! |
Re: Godwin Emefiele: 13 Things You Probably Didn’t Know About CBN Governor by Gforce2019: 9:48pm On May 18, 2019 |
1 Like 1 Share |
Re: Godwin Emefiele: 13 Things You Probably Didn’t Know About CBN Governor by ProfessorHank: 5:09pm On May 19, 2019 |
id911: The B that is inside CBN confuses half-educated elites. Once they see BANK inside the name they go .... "yeah it's for bankers". Nope! The CBN is not designed to collect money deposit for profit entities like businesses and individuals. The CBN is in charge of controlling the number of Naira notes and number of coins in the country. It also makes macroeconomic policies. It makes macro policies by controlling the quantity of money. It also controls quantity of money by making macroeconomic policies for government. And in between is a very delicate process. Professionals in Banking and Finance are trained for commercial banking and private business. Commercial banks collect deposits from individuals and biznesses and gives loans to same at an interest, hence making profit(forget the theft going on in Nigeria banks in the name of corporate adjustments). So tell me what a commercial banker is doing at CBN? I spit on Nigeria's grave! |
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