Ok

Our one and only extra tire. Pastor Vise president Osinbanjo

A Prof talking like mallam in BDC office.

I thought Osibanjo said his hands are tied, didn't they tie his mouth as well ? All words and no action.

Intelligent talk and no actions can't take us anywhere. And he's always talking as if he's not part of the government of the day.

If CBN allow the dollar to float, which forces will determine the rate? Who will CBN sell to and at what rate, parallel market rate?

In as much government is still the major supplier of forex, they are at liberty to determine the rate.

DubaiLandLord2:
This man dey always talk like say he is not part of the FG.

Truthfully, he's not. He just dey look them. Do and say things to please them.

DubaiLandLord2:
This man dey always talk like say he is not part of the FG.

The CBN is INDEPENDENT!

Even the President can't give order to CBN! From the moment a CBN governor is confirmed and sworn in, he no longer has an oga!

SarkinYarki:
I am beginning to suspect the mental capacity of this man to fix Nigeria because it seems he doesn't understand the problem at all ....If you don't know if CBN fixes the rate at 600 naira tomorrow it will still find its way into the hands of Abokis who would na sell at 750 ...the scarcity of dollars is deliberately just like the scarcity of passport booklets , scarcity of electricity and Apapa hold up ..this is how northerners create false scarcity in other to make money ...They have even started it with train tickets

Na una dey know everything

Pls fix the dollar exchange to 490, Pls

I liked the way the VP end his convo with..

......just my view.....
his own disclaimer is out of this Nigeria

TheRareGem1:
Nigerians just want to put food on their tables, live peacefully and enjoy the dividend of democracy. The FX is putting pressure on everything.

Personally, Emefiele has been dishing out wacky policies, been a mess of monetary and financial policies. How can a prof of law be giving us brilliant suggestions all the time. That is how he did during cryto ban.

Sai Baba!!!

Osinbanjo is a dullards boy?

I know you will be kind enough to tell me why he is a dullards and who are those brilliant politicians to you if he is a dulllard?

seborrhic:

Is it as simple as that and is that supposed to be the thought process of an acclaimed intellectual?
On the one hand u av a dullard that believes forex should be hoarded and given only to cronies,on the other is another dullard that says CBN should just allow the Naira to float.
Even in the most advanced and capitalist of countries,they sometimes intervene in the currency market,just that in our case we have a horrible president,a seemingly mentally challenged CBN governor and a cabinet of glorified dullards.
He has always been a dullard,forget all that issue of him being a professor of law.

DubaiLandLord2:
This man dey always talk like say he is not part of the FG.

Stop wailing, this is the next level change we all wanted

kay10:
Pls fix the dollar exchange to 490, Pls

and black market immediately goes to 650

Don't sing the president's praise nah, you go know how far.

DubaiLandLord2:
This man dey always talk like say he is not part of the FG.

That one na d matter wey tire me pass

GenBuhari:
This dude's capacity to f**k up this country if he ever becomes president, exceeds that of every president since independence, with the probable exception of Thief Obasanjo!

Your moniker says it all.

Who is he telling, if you have the balls influence it... I can see beyond the bs smh

Blakjewelry:
The true value is 460 because that is what banks are charging

You no know book!

How much do you have domiciled?

Realdeals:
If CBN allow the dollar to float, which forces will determine the rate? Who will CBN sell to and at what rate, parallel market rate?

In as much government is still the major supplier of forex, they are at liberty to determine the rate.

The forces of darkness and nameless middlemen which are the cause of all the economic hardship we have been seeing since 2019

Buhari must not understand what 'Osinbade' means here... That 1 dollar should be equal to N1000.

The vice president will not sleep tonight.

SarkinYarki:
I am beginning to suspect the mental capacity of this man to fix Nigeria because it seems he doesn't understand the problem at all ....If you don't know if CBN fixes the rate at 600 naira tomorrow it will still find its way into the hands of Abokis who would na sell at 750 ...the scarcity of dollars is deliberately just like the scarcity of passport booklets , scarcity of electricity and Apapa hold up ..this is how northerners create false scarcity in other to make money ...They have even started it with train tickets

The man knows what he's saying, you're the one who doesn't know anything. CBN needs to allow the Naira float and allow market forces decide the price. You're still talking about BDC selling dollars when they have stopped receiving dollars from CBN.

And how are northerners creating false scarcity to make money?

WesternOligarch:


You didn't read the article... jeez

So pathetic how lots like them are all grammar and no comprehension. Basic this is to read, comprehend and respond.

But all in the will to criticize, they look at the headline, then immediately go on a grammar spree.

600 loading

Why is there internal division?

CBN will dislike him now for this pressure

Hezzyluv:
Professor of economic as VP and they messed the economy up


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2019??

& what, pray tell Mr. VP have you done as the Head of the Economic Team?

A major part of the problem is that the FG rather warehouse external reserves so it can look good rather than properly reinvesting into the economy.

Reason number 1000 why I would be interested in a platform from the VP.

He seems to be the only sensible person in the room.

WesternOligarch:


You didn't read the article... jeez

An average Atikulooted Nigerian Youth is too lazy to read. Know that and know Peace.

Danjikanbauchi:
A Prof talking like mallam in BDC office.

Give a logical reason please, don't just criticise like some illiterate.

BosseJ:
Prof should be careful with this advice because if the naira is left to market forces as he's suggesting, it could go as high as N1000+ to a dollar within weeks. The consequent inflation would be mad. And knowing Nigerians, they won't hear grammar o. To the average person on the streets, dollar to naira exchange rate is meant to be as low as possible, they don't care how it's done. Else they will heap the blame on him and Buhari's heads.

Wrong. Forex market is another market entirely... different from common trade markets. He is right....if you allow market forces determine FX rates...it brings openness and sincerity ..that's what investors need. They want that market they can invest in and can easily bring out their profits when they need to.

Open market will eradicate FX hoarding and trading.