₦airaland Forum

Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,316,460 members, 5,104,809 topics. Date: Monday, 19 August 2019 at 11:41 PM

Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari (13945 Views)

Kingsley Moghalu Emerges YPP Presidential Candidate / Withdraw Israeli Security Training Nigerian Military – MURIC Tells Buhari / Provision Of 40,000 E-mails: The Achievement Buhari's Media Aide Is Trumpeting (2) (3) (4)

(1) (2) (3) (4) (5) (Reply) (Go Down)

Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by ArticleBeast: 9:11am On Aug 14
SillyMods:
Foolish youths aplenty in Nigeria. The president that's working to improve the Nigerian economy by discouraging importation of foods that can be locally produced is who they're cursing.

Look at this wannabe presidential candidate who doesn't know a thing about governance speaking rubbish. I get it that, to be in the news you just have to oppose Buhari especially when you have lazy youths to applaud you.

Nonsense!


Someone is telling me about allowing CBN to be independent and I ask: who gets the blame if everything goes bad? Wasn't it the same Emefiele that released unappropriated billions to Dasuki and GEJ to loot in the name of fighting insurgency? Who bore the brunt? Not Nigerians?

Moghalu just wants to be heard. He is empty!


You are talking rubbish. How best do you encourage local production/producers other than making imported foods more expensive by restricting access to govt dollars? Wannabe Economist!
You sef na uncle wey mumu...Your mama don feed you this morning? Chop tell her thank you boy
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by Sterope(f): 9:12am On Aug 14
RUGA is for cattles=beef

Food importation includes all FOOD imports. Beef, chicken and diary products are under prohibited list, you cannot bring them in legally.

Other tribes in the North except Fulanis are known for agriculture.


There are Fulanis from neighbouring countries like Cameroon that already bring cattles to sell in our markets.


It is true that food cultivation has increased however it does not mean that we are sustainable. This is what you should be tackling.

We know he is not the best president, no one is also happy that herdsmen attack farms which by the way is not limited to the South alone. These issues are not enough reasons to stop thinking whenever Buhari says or does something.



ArmaniUhuru:
Stupid Government. The aim is to create artificial scarcity and leave an impression that without Fulani presence, hunger will kill Nigerians. In the process they will indirectly make case for RUGA. Look everything that this administration does is to implement RUGA. That is its only agenda.

1 Like 1 Share

Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by Matrixoba: 9:15am On Aug 14
That is an economist speaking. I wanted to answer the unlettered individual, but you have correctly said it all.
Barondenigeria:


You clearly have no formal education! If you had the slightest idea of basic economics, you would understand that a CBN restriction on forex for food importers will lead these importers to the black market where they would buy the dollar at higher rates. That cost will be shifted to we the consumers and eventually you'll have a "commodity price inflation".

Many of you Buharists are fantastically dull!

1 Like

Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by geeftiieee: 9:21am On Aug 14
cryq
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by Ikem11(m): 9:23am On Aug 14
TheGoodJoe:


Human rights lawyer, Femi Falana also had much to say on the issue…”If revolution has become a criminal offence in Nigeria why were the leaders of the APC not charged for claiming to have carried out Nigeria’s democratic revolution which terminated the 16-year rule of the PDP in 2015?” He remarked that the Force had capitalized on the use of the word “revolution” to criminalize the protests.

I guess we know who the real criminal is flaunting court orders and giving directives against the constitution.

Finito.



You just a smart man... Keep it up I been following your argument.

1 Like

Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by Dwady(m): 9:27am On Aug 14
tiwiex:


The point is he has no power to direct CBN. When politicians direct their central banks, investors get scared and also, what does he know about monetary policies? That job should be for an economist who understands economic tradeoffs. We are wher we are because of this. He takes one seemingly good decision which creates a bigger problem.

oh, I get the drift now.
��
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by Commentor: 9:30am On Aug 14
throwaway:


The agricultural minsitry should take better measures to help farmers. It's a gradual process of tightening imports while at the same time helping boost local production. You don't just close the door to imports and them hope dat local production improves.

You can import food as you like.

The only issue here is that CBN would not be subsidising your dollar purchase.

1 Like 1 Share

Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by blackpanda: 9:30am On Aug 14
SillyMods:
Foolish youths aplenty in Nigeria. The president that's working to improve the Nigerian economy by discouraging importation of foods that can be locally produced is who they're cursing.

Look at this wannabe presidential candidate who doesn't know a thing about governance speaking rubbish. I get it that, to be in the news you just have to oppose Buhari especially when you have lazy youths to applaud you.

Nonsense!


Someone is telling me about allowing CBN to be independent and I ask: who gets the blame if everything goes bad? Wasn't it the same Emefiele that released unappropriated billions to Dasuki and GEJ to loot in the name of fighting insurgency? Who bore the brunt? Not Nigerians?

Moghalu just wants to be heard. He is empty!


You are talking rubbish. How best do you encourage local production/producers other than making imported foods more expensive by restricting access to govt dollars? Wannabe Economist!

God bless u

3 Likes 1 Share

Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by Commentor: 9:31am On Aug 14
TheGoodJoe:


Human rights lawyer, Femi Falana also had much to say on the issue…”If revolution has become a criminal offence in Nigeria why were the leaders of the APC not charged for claiming to have carried out Nigeria’s democratic revolution which terminated the 16-year rule of the PDP in 2015?” He remarked that the Force had capitalized on the use of the word “revolution” to criminalize the protests.

I guess we know who the real criminal is flaunting court orders and giving directives against the constitution.

Finito.




Falana is Sowore's counsel.

He can say anything to win his case.

1 Like

Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by throwaway: 9:33am On Aug 14
Commentor:

You can import food as you like.

The only issue here is that CBN would not be subsidising your dollar purchase.
fair enough

1 Like

Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by TheGoodJoe(m): 9:34am On Aug 14
Commentor:



Falana is Sowore's counsel.

He can say anything to win his case.

Do not attack the man, tackle the message. What was posted is short and clear. Arresting Sowore was wrong and criminal.

1 Like

Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by Commentor: 9:36am On Aug 14
TheGoodJoe:


Do not attack the man, tackle the message. What was posted is short and clear. Arresting Sowore was wrong and criminal.

It is not.

Had Sowore succeeded by now, we would have had another period of uncertainty and upheaval, reminiscent of 2015, just after Buhari took over.

No president would fall for that. Certainly not a second time.
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by TheGoodJoe(m): 9:40am On Aug 14
Commentor:


It is not.

Had Sowore succeeded by now, we would have had another period of uncertainty and upheaval, reminiscent of 2015, just after Buhari took over.

No president would fall for that. Certainly not a second time.

You are jailing a man based on assumptions? Sowore was arrested for calling for a Peaceful protest, which is an illegal arrest.

1 Like

Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by tegrianonigltd(m): 9:43am On Aug 14
SillyMods:
Foolish youths aplenty in Nigeria. The president that's working to improve the Nigerian economy by discouraging importation of foods that can be locally produced is who they're cursing.

Look at this wannabe presidential candidate who doesn't know a thing about governance speaking rubbish. I get it that, to be in the news you just have to oppose Buhari especially when you have lazy youths to applaud you.

Nonsense!


Someone is telling me about allowing CBN to be independent and I ask: who gets the blame if everything goes bad? Wasn't it the same Emefiele that released unappropriated billions to Dasuki and GEJ to loot in the name of fighting insurgency? Who bore the brunt? Not Nigerians?

Moghalu just wants to be heard. He is empty!


You are talking rubbish. How best do you encourage local production/producers other than making imported foods more expensive by restricting access to govt dollars? Wannabe Economist!


GEJ the name that make buhari and his people tremble, if they don’t mention that name they can’t have orgasm, wow.. GOODLUCK EBELE JONATHAN, Nigeria most talked about president and best president.. if people are not criticizing you you ain’t doing it right, so they say. He did it right, no sign of jailed GEJ and his people, Dasuki no jail, no trial , personal vendetta, no loot after all, if there was I guess someone would have been in jail, They do Rambo style for Fayose, they lost, they are toothless dogs, no VISION, no GOALS, just corruption talks which they are good off, no country that isn’t corrupt, watch money heist on Netflix you will know, but build an economy we can be proud of. Even corruption will be minimal, all the tools APC IS USING IS OWNED BY PDP, BVN, TSA, CARD READER, voters card, etc name one completed project by APC, common Galadimawa bridge they have been doing it since 2016 January till now, ask any body in abuja, traffic always there for almost 4 years now. Lol Apo own, Jonathan completes the airport bridge and all his project before he left. The only university in your president state that have produced leaders was built by Jonathan, you have a dull man as leader

1 Like

Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by SoNature(m): 9:52am On Aug 14
NEIGHBOUR:


So the President who is vested with the power to appoint and also sack the CBN governor can not give directions to it. So the President should watch as the CBN policies destroy his promises to the people. Oga park well.

The president can appoint a CBN governor, but he cannot sack him! The CBN is independent.

Besides, if CBN is releasing money for food importation, it simply means there's a demand gap.

Unless Buhari is telling us that his farm in Daura can feed nearly 200 million Nigerians.

Perhaps he just wants the banker's bank to just provide FX for pilgrimages at N250 per $$ and tell businessmen to go and suck a lemon.

2 Likes

Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by Commentor: 9:53am On Aug 14
TheGoodJoe:


You are jailing a man based on assumptions? Sowore was arrested for calling for a Peaceful protest, which is an illegal arrest.

Are you aware a court granted a further 45 day detaining by the DSS?
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by francesco17(m): 9:53am On Aug 14
datola:
CBN should not be entirely left alone because the president receives all the blames of economic misfortune.

Moreover, the directive is a welcome development and should be extended to pilgrimage, medical and education trips abroad by all political holders and their families.



If you clearly read the statements, you would understand the need to strength our institutions; cbn, nnpc, police, efcc, judiciary etc...
Politician giving out directive freely like a yes command would not help develop our country. After is tenure a new full comes out with its own directives. No minding the fact that this are established bodies with Acts and mandate
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by Nobody: 9:53am On Aug 14
Barondenigeria:


You clearly have no formal education! If you had the slightest idea of basic economics, you would understand that a CBN restriction on forex for food importers will lead these importers to the black market where they would buy the dollar at higher rates. That cost will be shifted to we the consumers and eventually you'll have a "commodity price inflation".

Many of you Buharists are fantastically dull!
And if people can't afford imported food because of "black market dollars" they will turn to local farmers, still win win for Nigeria
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by TheGoodJoe(m): 9:57am On Aug 14
Commentor:


Are you aware a court granted a further 45 day detaining by the DSS?

He said, although the hearing of the application was one-sided as provided by 27(1) of the Terrorism (Prevention) Amendment Act, the use of the word, “may”, in the provision “is directory” and not “discretionary”.

To carry out investigation. Not a proof of a crime. By the way it was a one sided hearing. Which stresses bias.
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by Commentor: 9:58am On Aug 14
TheGoodJoe:


He said, although the hearing of the application was one-sided as provided by 27(1) of the Terrorism (Prevention) Amendment Act, the use of the word, “may”, in the provision “is directory” and not “discretionary”.

To carry out investigation. Not a proof of a crime. By the way it was a one sided hearing. Which stresses bias.

When it doesn't favour you it is called bias.
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by WINNERMENTALITY: 9:58am On Aug 14
Most Nigerians won't learn... The right thing is what the president said... But the policy is the right move at the wrong time .. An heterogeneous country like Nigeria shouldn't be governed by people who thinks linearly...

If by now we don't know that more ban and restrictions will indirectly force people to obtain things more illegally and making the black market more powerful where the central government have no control.

.. Our security agencies will sabotage what ever effort the federal government is making.. Same way forex dealers will do theirs.. We should focus on our strenght and not forcing our weakness.

We are too corrupt for such policy..

Rice ban should be a perfect example.

1 Like

Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by Commentor: 9:59am On Aug 14
francesco17:



If you clearly read the statements, you would understand the need to strength our institutions; cbn, nnpc, police, efcc, judiciary etc...
Politician giving out directive freely like a yes command would not help develop our country. After is tenure a new full comes out with its own directives. No minding the fact that this are established bodies with Acts and mandate

Every nation laser guides its apex bank on its strategy.
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by TheGoodJoe(m): 9:59am On Aug 14
Commentor:


When it doesn't favour you it is called bias.

Is a one sided hearing not bias?
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by Commentor: 10:01am On Aug 14
TheGoodJoe:


Is a one sided hearing not bias?

Is your conclusion not one-sided?
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by TheGoodJoe(m): 10:03am On Aug 14
Commentor:


Is your conclusion not one-sided?

What does my conclusion have to do with it?
The hearing was one sided and the verdict was not a proof of crime. It is for the DSS to go and investigate. Which shows the DSS did not arrest Sowore because of a crime.

Stopping a lawful protest is criminal.

Finito.
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by ALISMILE(m): 10:10am On Aug 14
Barondenigeria:


You clearly have no formal education! If you had the slightest idea of basic economics, you would understand that a CBN restriction on forex for food importers will lead these importers to the black market where they would buy the dollar at higher rates. That cost will be shifted to we the consumers and eventually you'll have a "commodity price inflation".

Many of you Buharists are fantastically dull!
That commodity price inflation on imported foods which are produced in Nigeria is exactly what we want. Nigerians are obsessed with foreign imports, so let them pay higher for them.

1 Like 1 Share

Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by Commentor: 10:13am On Aug 14
TheGoodJoe:


What does my conclusion have to do with it?
The hearing was one sided and the verdict was not a proof of crime. It is for the DSS to go and investigate. Which shows the DSS did not arrest Sowore because of a crime.

Stopping a lawful protest is criminal.

Finito.

Where is the permit Sowore got for such protest?
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by TheGoodJoe(m): 10:22am On Aug 14
Commentor:


Where is the permit Sowore got for such protest?

Show me the permit given to protests that led to the downfall of poor performing governments.
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by Bhol28: 10:22am On Aug 14
Idiot
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by Commentor: 10:27am On Aug 14
TheGoodJoe:


Show me the permit given to protests that led to the downfall of poor performing governments.

I see you have abandoned your legality slant so quickly.
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by TheGoodJoe(m): 10:31am On Aug 14
Commentor:


I see you have abandoned your legality slant so quickly.

Which kind permit to protest? The arrest is illegal.
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by Commentor: 10:33am On Aug 14
TheGoodJoe:


Which kind permit to protest? The arrest is illegal.
So you don't know you need a permit?

(1) (2) (3) (4) (5) (Reply)

Anambra Governship Debate Is Holding Today At Awka House / Hon Patrick Obahiabgon Apologises For Using Uncomprehendably Paposious Grammar / Buhari Gets $1bn Loan From Adesina’s Led african Development Bank

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (0) (1) (2) (3) (4) (5) (6) (7) (8) (9)

Nairaland - Copyright © 2005 - 2019 Oluwaseun Osewa. All rights reserved. See How To Advertise. 140
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.