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Nairaland Forum / Nairaland / General / Politics / Bismarck Rewane: VP Osinbajo “Absolutely Correct” On Artificially Low Forex Rate (13777 Views)
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Re: Bismarck Rewane: VP Osinbajo “Absolutely Correct” On Artificially Low Forex Rate by sparko1(m): 9:38am On Oct 13, 2021 |
Penguin2: Just praise obi, and spreading lies, of all the vice president Nigeria have ever had, none is half as good or bold including GEJ! Osibanjo is the most vocal, eloquent politician we have at the moment, there's no time he was quite for a whole month not to talk of a whole year. But we all know he won't come close to being the president. |
Re: Bismarck Rewane: VP Osinbajo “Absolutely Correct” On Artificially Low Forex Rate by bareal(m): 9:42am On Oct 13, 2021 |
Help2020: Is Buhari, a dunderhead not ahead of him? Nigeria politics is something else!!! |
Re: Bismarck Rewane: VP Osinbajo “Absolutely Correct” On Artificially Low Forex Rate by CUMIN: 10:09am On Oct 13, 2021 |
humility33: The problem of agriculture produce is that when we start supplying the international market the price will drop due to glut. Check the prices of cocoa and other... agricultural produce should be majorly for local consumption. 1 Like |
Re: Bismarck Rewane: VP Osinbajo “Absolutely Correct” On Artificially Low Forex Rate by Zeemam: 10:11am On Oct 13, 2021 |
Osinbjao for 2023 |
Re: Bismarck Rewane: VP Osinbajo “Absolutely Correct” On Artificially Low Forex Rate by Penguin2: 10:12am On Oct 13, 2021 |
NobleRace: Fine. I guess now you have the information you sought, you will never accuse Obi of complicity in what happened to the bodies in Ezu River. |
Re: Bismarck Rewane: VP Osinbajo “Absolutely Correct” On Artificially Low Forex Rate by Penguin2: 10:14am On Oct 13, 2021 |
humility33: It’s in their gene. They extol theirs and denigrate others. Our job here is to never let them succeed with their malicious propaganda |
Re: Bismarck Rewane: VP Osinbajo “Absolutely Correct” On Artificially Low Forex Rate by NobleRace: 10:20am On Oct 13, 2021 |
Penguin2: It's a step forward. I'll still research to verify the authenticity of the information you provided. |
Re: Bismarck Rewane: VP Osinbajo “Absolutely Correct” On Artificially Low Forex Rate by humility33(m): 10:25am On Oct 13, 2021 |
CUMIN:True Meaning it will increase agricultural production their price will drop (inflation curbed) and that will make for money to be diversified into other ventures It is stil a good venture to raise standard of living amongst Nigerians I understand u Thanks for the insights |
Re: Bismarck Rewane: VP Osinbajo “Absolutely Correct” On Artificially Low Forex Rate by humility33(m): 10:29am On Oct 13, 2021 |
Penguin2: Yes bro Had an issue recently with someone i extol highly U keep painting obi black for no reasonable reason later deduce it was out of tribalism Sometimes i loose hope in this country..... can't we just drop tribal and religious sentiments once and for all and vote for a credible leader that can turn things around I am not ibo but truth be told Obi stands out considering his vatse experience in managing finance and investment and precedents he left in anambra state |
Re: Bismarck Rewane: VP Osinbajo “Absolutely Correct” On Artificially Low Forex Rate by holaralph(m): 10:34am On Oct 13, 2021 |
HOW MUCH WILL NAIRA BE AFTER ALL THESE STRATEGIES THEY CLAMOURING FOR |
Re: Bismarck Rewane: VP Osinbajo “Absolutely Correct” On Artificially Low Forex Rate by Tzar(m): 10:39am On Oct 13, 2021 |
The government just indicted themselves that they have destroyed Nigeria's capacity to export and strengnten the Naira! Everyone in this government should be ashamed that the Naira is now this worthless! THE NAIRA IS ON THE WAY TO ZIMBABWE! |
Re: Bismarck Rewane: VP Osinbajo “Absolutely Correct” On Artificially Low Forex Rate by Penguin2: 10:40am On Oct 13, 2021 |
humility33: Thank you for being a pan Nigerian devoid of tribalism. I’m Igbo but I hold people like Osinbajo, Fashola and Ambode in high esteem because I think they are men who have demonstrated capacity. I only seem to be projecting Obi because if we are serious about the unity of this country then we should enthrone equity and fairness. And if we are talking about equity and fairness, then 2023 is unquestionably the turn of the Southeast. And Obi is one of the best out of the Southeast. 1 Like |
Re: Bismarck Rewane: VP Osinbajo “Absolutely Correct” On Artificially Low Forex Rate by Nobody: 10:48am On Oct 13, 2021 |
Penguin2:YOU MEAN CHINKO OBI IS BETTER THAN THE PROF,YOU'RE SENTIMENTALLY WRONG. THE PROF STANDS HEAD SHOULDER BETTER THAN ANY OF THE CURRENT POLITICIAN INCLUDING HIS SPONSOR,TINUBU.KNOW THIS AND KNOW PEACE |
Re: Bismarck Rewane: VP Osinbajo “Absolutely Correct” On Artificially Low Forex Rate by VULCAN(m): 10:53am On Oct 13, 2021 |
Your type is so easily deceived and manipulated. Once you are before a smooth talker you fall for it. I wouldn't want someone like you to recruit for my business because you will get carried away by those who shine in interviews but fail when given the job. Osinbajo has been talking ONLY for 6yrs and you believe you know him well meanwhile like all smooth talkers he has been saying ALL you want to hear. Nigerians are so gullible Curious345: 1 Like 1 Share |
Re: Bismarck Rewane: VP Osinbajo “Absolutely Correct” On Artificially Low Forex Rate by Penguin2: 10:54am On Oct 13, 2021 |
NobleRace: https://www.nairaland.com/6643420/terrible-experience-onitsha-motor-park That is a link to a post that made the front page of Nairaland earlier this year. You can begin your research from there. If such a thing is still happening in 2021, that should give you a glimpse of what it was like around 2009 when Peter Obi came in. |
Re: Bismarck Rewane: VP Osinbajo “Absolutely Correct” On Artificially Low Forex Rate by mayo47(m): 11:04am On Oct 13, 2021 |
Its one thing to advise/recommend. Its another thing for those you're advising to implement your recommendation due to politics, subjective view etc. I have played in this space in the past CSTR2: |
Re: Bismarck Rewane: VP Osinbajo “Absolutely Correct” On Artificially Low Forex Rate by CUMIN: 11:09am On Oct 13, 2021 |
humility33: It's not so easy like that...the joy of the farmer is when prices goes up. But bad for the consumer...when prices goes down the farmer will farm less of that commodity the only thing that can be done is if government can guarantee price. |
Re: Bismarck Rewane: VP Osinbajo “Absolutely Correct” On Artificially Low Forex Rate by Xclusivedaniel6(m): 11:16am On Oct 13, 2021 |
Penguin2: Bro Osibanjos less voice is the constitution Vices are just figure heads |
Re: Bismarck Rewane: VP Osinbajo “Absolutely Correct” On Artificially Low Forex Rate by 989900: 11:31am On Oct 13, 2021 |
Garbage: follow Osinbajo's advice and we'll still be back here at the same spot in 2-3 years -- we've been doing this same "wash-rinse-repeat" for how many years now? Nigeria is not your everyday conventional economy. This is a country where everyone from the President, to the CBN governor, the bankers, NNPC, you, me, are all about sabotaging the country and bleeding it to death. 1 Like |
Re: Bismarck Rewane: VP Osinbajo “Absolutely Correct” On Artificially Low Forex Rate by CSTR2: 11:37am On Oct 13, 2021 |
mayo47:And why has he not resigned? Is anybody gluing his ass there? What you have just said is mere story. The most likely Truth is that he is just realising it now and they are now looking for how to implement it. |
Re: Bismarck Rewane: VP Osinbajo “Absolutely Correct” On Artificially Low Forex Rate by KaluwisxPRO: 11:55am On Oct 13, 2021 |
richard870: They’re acting like they don’t know with their nonsense economic advices |
Re: Bismarck Rewane: VP Osinbajo “Absolutely Correct” On Artificially Low Forex Rate by Poanan: 12:18pm On Oct 13, 2021 |
TheRareGem1: and what do we produce in this country? |
Re: Bismarck Rewane: VP Osinbajo “Absolutely Correct” On Artificially Low Forex Rate by Poanan: 12:23pm On Oct 13, 2021 |
CSTR2: and do you think Nigeria can do without defending naira? not even dubai maintains a free float forex. People just use copy and paste economics. 1 Like 1 Share |
Re: Bismarck Rewane: VP Osinbajo “Absolutely Correct” On Artificially Low Forex Rate by CalmElder(m): 12:24pm On Oct 13, 2021 |
GhanaBurger: What is your vision, mission statement and slogan? What ills do you want to address? What kind of persons do you want on your team? In what will you never compromise your mission? |
Re: Bismarck Rewane: VP Osinbajo “Absolutely Correct” On Artificially Low Forex Rate by Nobody: 1:16pm On Oct 13, 2021 |
The word Absolute is not the right word to use, moreover if there are no arbitrage opportunities Aboki(Official and Non Official BDC) would be out of the Forex market a long time ago, but Gov Emefiele is not just fighting Arbitrage Opportunities but Money Laundering and excessive dependent on imports. If investors don't want to bring their money into the country, it is not because of the exchange rate rather it is a matter of stability of the Naira or perhaps the Naira should be allow to float base on economic principles and not abacradabra... Why is it that the Naira always depreciate and never appreciate whenever a new government come into power because everyone of them want to spend not one of them want to think......I am always worried about Authority figures like Oga Bismark Rewane when they speak, because they tend to be believe, my own is that we should allow Gov Emefiele have his way, without interference , do you know business more than an Igbo man, today we celebrate Ben Benanke because he step on the plate when the United State was facing a crisis by offering funding to industries of which most of them are msme ,sme and the big firms... but today what we do is theoretical economic, we should find a way to juxtapose that with our reality, for God sake Gov Emefiele is well aware of the arbitrage opportunities and he is making effort to mitigate that, it is not an excuse to open the door for money launderers and arm purchasers and importers of Goods that could be substituted or derived locally . I comment my reserve. 2 Likes |
Re: Bismarck Rewane: VP Osinbajo “Absolutely Correct” On Artificially Low Forex Rate by Sunnyja: 1:42pm On Oct 13, 2021 |
omowolewa:Professorship is now on cash and carry basis. Ask patanmi. 1 Like |
Re: Bismarck Rewane: VP Osinbajo “Absolutely Correct” On Artificially Low Forex Rate by Godistruth: 1:46pm On Oct 13, 2021 |
Why didn’t Honorable Vice President Mr Osinbajo mention devaluing of the Naira in his presidential debate or campaign manifesto ? Mr honorable speaker Bismarck Rewane said we are practicing a fixed artificial currency exchange which does not reflect our economy but my question is please how did the dollar exchange to NAIRA move from 199 when this administration took power to over 570 and counting, if our currency is fixed and unreflecting ? If a strong economy equals strong currency then how is the currency the problem ? Does a weak currency make a strong economy ? People will naturally invest when there is ease of doing business, fix rate of currency exchange and affordable infrastructure which we have failed woefully. There is no economy in the world that has developed on constant devaluation of its currency. Devaluing the naira will only result to a very high rate of inflation and will rob the masses of their purchasing power, Mind you the minimum wage won’t change. A result of devaluing the Naira will plunge the Nigerian masses to serious poverty and we will be in at the mercy of our heartless politicians because corruption is not devalued and forever flourishing. A loaf of bread currently at my area is 700 Naira you know the rest. #DEVALUE CORRUPTION Truth never dies. 4 Likes 1 Share |
Re: Bismarck Rewane: VP Osinbajo “Absolutely Correct” On Artificially Low Forex Rate by Oluwademilade: 1:53pm On Oct 13, 2021 |
A weak currency plus a weak minimum wage is equal to a weak economy. Period! 3 Likes |
Re: Bismarck Rewane: VP Osinbajo “Absolutely Correct” On Artificially Low Forex Rate by Neurotika: 3:51pm On Oct 13, 2021 |
Conflicting submissions. He inferred that the naira is overvalued and still went on to say the value should be 4 times stronger than what it is currently....makes no sense to me and perhaps we should be more careful with these "experts".... 1 Like 1 Share |
Re: Bismarck Rewane: VP Osinbajo “Absolutely Correct” On Artificially Low Forex Rate by NewYorkCity: 4:56pm On Oct 13, 2021 |
Dorm account holders should have their money converted at the bank at the point of withdrawal except for travel and see the currency will not be stronger. 1 Like 1 Share |
Re: Bismarck Rewane: VP Osinbajo “Absolutely Correct” On Artificially Low Forex Rate by ORIAYO70(m): 6:24pm On Oct 13, 2021 |
Penguin2: I tell u my brother... Since the time he sacked Mauma daura Buhari right hand man, he has been in bad light, he appointed a temporary person taking charge Sheyi Opeiffa, immediately Buhari returned he changed him Osi baba was using diplomacy in that office |
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