Grayoso:


You are just a nuisance, an irredeemable Bigot and Igbo-centric tribalist. You guys will never agree with anything Tinubu says, however commonsensical because he is "God" of the Yorubas to you and must always be challenged or insulted.

Reduction of interest rate is a default automatic monetary action to combat this economically extreme period that inflation does not matter and should not factor into economic thinking because every intelligent person agrees that access to money through whatever means, especially lower interest borrowing, is critically important for many now who must simply worry about survival today and everything else later!!!!

Nigeria was already running at very high interest rate anyway that was an impediment to economic growth in normal times let alone now that people and institutions desperately need very quick and urgent access to cash.

The government must subsidize access to that cash anyway they can and reducing interest rate is an inevitably obvious way to go. If not that you are a tribalist who has no shame, and cannot help himself, would you not appreciate how dumb and hateful you sound because you rushed in to oppose Tinubu without engaging your brain?

UK already running very low interest rate for many years, due to the credit crunch debacle, has cut rate from 0.75% to 0.25% and you are here, merely because Tinubu suggests interest rate cut, arguing Nigeria Maintain rate that is counter-productively running at 15%. Very bad for normal times and an economic suicide rate for Covid-19 times!!!!!!

Bruv, you and others like you should stop commenting here Biko. You guys have nothing to add other than oppose everything Tinubu says out of ethnocentric hatred of the man. It is tiring and the reason I call you Igbos enemies-within. You are of no use to Nigeria.

https://www.google.com/amp/s/www.bbc.com/news/amp/business-51831004

You are a dunce for comparing a UK economy with money to a Nigerian economy with second class money and poor reserve....you know nothing about economics

Comparing a developed manufacturing economy to ours ....uk paid paillative why don't we pay too

Grayoso:


Some of you guys are so ignorant and shameless. You then go on to expose your lack of knowledge and localized hate of personalities like Tinubu to the world.

Central banks set interest rates that all banks secure loans at from the Government. The banks then lend to the public at that CBN rate (Central Bank of Nigeria rate) with an addition to facilitate profit on their lending.

For example, if CBN interest rate is 5% then decent Nigerian banks, lending at that rate from the Government, have no business lending to the public at rates higher than 6-7% at this critical time where access to cash is critical for every sector from agriculture to manufacturing otherwise everything crashes on our collective heads for anarchy, chaos and panic to reign. In short every qualifying condition that leads to a nation being announced as economically failed.

Ironic an olodo like you is citing others as "intellectually deficient". You succinctly highlight the problem of Nigeria i.e too many tribalistic, hateful, stubborn and ignorant clowns running around talking and yapping cluelessly instead of committing themselves to listening and learning.

Na so. That's how you people would :e everywhere defending trash. Tomorrow, Tinubu would come and deny making such stupid suggestion. Keep comparing US and UK economies with your third world situation. You have no idea how critical the banking sector is to our lifeless economy. When Tinubu denied this statement, I'll be here waiting for you.

mrvitalis:

You are a dunce for comparing a UK economy with money to a Nigerian economy with second class money and poor reserve....you know nothing about economics

Comparing a developed manufacturing economy to ours ....uk paid paillative why don't we pay too

Olodo tribalist, which economy needs more access to cash and credit to stave off total economic failure and collapse between Nigeria and the UK?

Which economy, out of the UK and Nigeria, is a mono economy badly needing to shore up internal socio-economic activities since her main source of income is now decimated because it is a commodity Covid-19 economic destructive menace has rendered near worthless?

Answer those simple questions and then slap yourself. Annoying and worthless Bigot.

strykr:


Na so. That's how you people would :e everywhere defending trash. Tomorrow, Tinubu would come and deny making such stupid suggestion. Keep comparing US and UK economies with your third world situation. You have no idea how critical the banking sector is to our lifeless economy. When Tinubu denied this statement, I'll be here waiting for you.

My response is the same as I gave to your fellow Bigot. Answer the question with clear economic analysis and stop wasting our time here.

Laughable you do not even know that bank do not set interest rates and only operate percentages above CBN base rates however high or low such are.

Go ahead and give fact-based reasons why keeping interest rates at current level is of any benefit to Nigeria currently.

Silly Bigot. You all deserve to be rounded up and thrown in the bin as completely worthless waste of space.

Olodo tribalist, which economy needs more access to cash and credit to stave off total economic failure and collapse between Nigeria and the UK?

Which economy, out of the UK and Nigeria, is a mono economy badly needing to shore up internal socio-economic activities since her main source of income is now decimated because it is a commodity Covid-19 economic destructive menace has rendered near worthless?

Answer those simple questions and then slap yourself. Annoying and worthless Bigot.

Grayoso:


Olodo tribalist, which economy needs more access to cash and credit to stave off total economic failure and collapse between Nigeria and the UK?

Which economy, out of the UK and Nigeria, is a mono economy badly needing to shore up internal socio-economic activities since her main source of income is now decimated because it is a commodity Covid-19 economic destructive menace has rendered near worthless?

Answer those simple questions and then slap yourself. Annoying and worthless Bigot.

Need access to cash the one you kept or the one that your government kept

90% of deposit are owned by 10% of the richest Nigerians ....reduce interest rate and they would pull out their money and where would the loan come from

Liquidity in Nigeria are in private hands ...you don't compare us to countries who's liquidity is in bonds n stocks


.....lol this one things we have an economy even smh ....this is how your type defended the printing of money thing till he reversed it ....we shall see again

Charity begins at home...He should reduce the tariffs via the tollgates first.

He should be patriotic and lead by example