nlfpmod:


https://twitter.com/AO1379/status/1576822903911641088?s=20&t=euTYFdwrzpzX9-OceGA-cg

His submissions were apt and related to usual classical theories in economics but he overlooked the cost push inflation informed or caused by Fulani herdsmen and suicidal border closures by Buhari amongst others.

Emifiele so stupid

iwaeda:


Buhari and Emefiele destroyed the economy with bad polices

Emefele is an IGBO man. He single handedly destroyed this Economy.

jjcena:
Im afraid this exchange rate will get to 1k before December

campaign don start…politicians are ready to hoard dollars so yeah…

Some people will blame buhari, their emefiele na him dey do this one now.

They should come and buy Sneakers at wholesale prices from my shop o. Since they want to show strength.

When they came up with this brainless policy days ago, some morons here were commending Emefiele and when I tried explaining the down side to it, one lowlife had the audacity to come to my private box to drop expletives.

As una no gree get sense for this country so, una go suffer like thieves wey them catch for computer village.

"Will kill the economy"?!!

Which economy please?!! The one that has been dead even prior to COVID-19 or another one?!!

There is nothing as dangerous as a nation of imbeciles being led by elected and thieving morons!

Nigeria is far gone down the hole!

nlfpmod:
Ekiti State Commissioner of Finance, Akin Oyebode wrote:



https://twitter.com/AO1379/status/1576490243733479426

I disagree! One thing with economics and finance is that there are so many ways to solve the same problem. Since everyone is dumping the Naira to purchase USD; then creating artificial scarcity with lenders liquidity is one way to arrest the Naira free fall.
That’s why in Economics we are faced with so much advantages and disadvantages of some economic terms.

His submissions were apt and related to usual classical theories in economics but he overlooked the cost push inflation informed or caused by Fulani herdsmen and suicidal border closures by Buhari amongst others.

shortIGBOman:


Emefele is an IGBO man. He single handedly destroyed this Economy.

Now he is igbo, but before you said he is not igbo!! How convenient

frowland:


I disagree! One thing with economics and finance is that there are so many ways to solve the same problem. Since everyone is dumping the Naira to purchase USD; then creating artificial scarcity with lenders liquidity is one way to arrest the Naira free fall.
That’s why in Economics we are faced with so much advantages and disadvantages of some economic terms.

This sounds great. But I remember in 2008 global meltdown Nigeria was largely unaffected adversely which made me to asked then if Nigeria was part of the global economy and its dictates. Your suggestion may work elsewhere but not in Naija

fxid10:
They should come and buy Sneakers at wholesale prices from my shop o. Since they want to show strength.

this looks like copy

The comissioner is right. Emefiele is trying to solve a fundamentally fiscal policy problem with monetary policy.The major problems causing rampant inflation and weighing down the naira is insecurity that has made many farmers to abandon their farms,crude oil theft that is so bad that Nigeria cannot even meet its OPEC quota leading to reduced foreign exchange earnings, our reliance on imported petroleum products due to failure of NNPC Refineries etc.

Foolish Emefiele

Hmmm

chloride6:
You are a mad man Mr Commissioner.

You didn’t write epistle when CBN was printing money to give the FG unauthorized ways and means..

How else will they mop us the exceed liquidity that is threatening to wreck the Naira?

The Nigerian economy is already dead.. What we are seeing is the paining resurrection of the economy.. Just wait first.. your sub National borrowing cost will soon skyrocket..

Rubbish..

See your life?

The CBN aider of fiscal recklessness

Now want to use monetary policy measures to cure fiscal recklessness that they aided and abetted in the first place

Since June 2015 when Buhari began determining the value of the Naira, the economy has gone bananas. Next year, he'll be gone and the CBN would be able to do its job without interference.

Haters of SS and SE, Tinubu slaves, see what you have brought on us? They don't even care as they are also suffering themselves. People pay 10x what they used to pay for goods nowadays, he no concern. Like the proverbial fly, they only want to follow dead body enter grave. Wicked souls.

he's right

The guy speaks soundly like someone that knows what hes saying.

Obi look at for this guy. He will be useful in your cabinet when you become president next year.

I have analysed this situation in an earlier tread ..it's simply madness..,they claim there is too much money in the circulation "where is the money?"..they are raising in interest rate when SME's are dying..they want to wipe out the middle class... people will only get poorer..abeg I dey vex!!

frowland:


I disagree! One thing with economics and finance is that there are so many ways to solve the same problem. Since everyone is dumping the Naira to purchase USD; then creating artificial scarcity with lenders liquidity is one way to arrest the Naira free fall.
That’s why in Economics we are faced with so much advantages and disadvantages of some economic terms.

A lot of supposed experts lacked knowledge of the Nigerian economy. They are textbook experts.

CBN issue is not inflation but capital importation given the structure of the Nigerian economy. The Nigerian economy is a petrol-dollar economy. Meaning, we export crude oil and generate dollars necessary to service the Nigerian economy that imports over 90% of what it consumes.

However, with the developed and emerging nations raising interest rates to curb rising inflation rates, capital inflow into the Nigerian economy will automatically drop. US, UK, etc are now paying better interest rates with lesser risk compared to Nigeria.

With Nigerian crude oil production at a record low of about 900, 000 barrels per day, down from over 2 million barrels per day. Nigeria needs to sustain capital inflow (dollars) or the economy will tank. In fact, the exchange rate could hit N1000/US$. It was the main reason they had to take a drastic step like paying Tompolo to oversee the security of the pipeline.

Inflation is not the priority but economic growth. If the CBN can lure investors to invest in the economy and up crude oil production, it would be able to flood the Nigerian market with enough dollars that will prop up the value of the naira against its global counterparts and rein in inflation rate (since it is cost-push inflation).

The evils of voting apc.

Vote apc to continue destruction of the economy or labour party for a new nigeria with prosperity.

Lanretoye:
Some people will blame buhari, their emefiele na him dey do this one now.

Can Emefiele carry out any policy without Buhari's approval?

[quote author=Ntipia post=117245164]Tinubu brought Buhari to come and destroy our economy and will continue from where Buhari stopped if God forbid Tinubu wins.
Vote wisely.
Vote peter Obi.[/quote
Was it Tinubu that thumbprinted on the ballot, millions of votes that brought Buhari into power? For your info, Tinubu has only one vote, it is the electorates from different geopolitical zones that decide.

The present CBN Governor has loads of degrees but lack common sense. How can the present fiscal policies stimulate the economy? As soon as you increase interest on lending, it directly affects prices of Goods and Services.

Nigerian Banks de lend money b4?
Especially Zenith bank, na only ovia de get the loans, and their staff only de share pta.