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Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu - Politics - Nairaland

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Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by Omesbrit(m): 2:19pm On Oct 07, 2022
Yesterday there was a lot of argument here about Obi's removal multiple exchange rate, including those who are novice and can't even think of the box it's only a fool that those the same thing over & over and expect the different result. Others were bittered because it came from Obi. But we the well meaning Nigerians knows Obi is the most competent candidate that can take Nigeria out of her economic quagmire.

8 Likes 3 Shares

Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by Joevics(m): 2:33pm On Oct 07, 2022
Let's tell ourselves the truth. Who benefits from the double exchange rates? How many normal Nigerians are buying Forex at 460 today?
It's the rich making money with this at the expense of the whole country.

21 Likes 1 Share

Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by StrongAlphMale: 2:37pm On Oct 07, 2022
This is exactly why Nigeria urgently needs Peter obi to fix this country ASAP.

Remove religion remove ethnicity

Tell me one reason to vote Tinubu or Atiku over Obi.

Just one, I'm waiting

23 Likes 2 Shares

Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by donaldking100: 2:39pm On Oct 07, 2022
StrongAlphMale:
This is exactly why Nigeria urgently needs Peter obi to fix this country ASAP.

Remove religion remove ethnicity

Tell me one reason to vote Tinubu or Atiku over Obi.

Just one, I'm waiting

They have no reasonable reason.
Highest they would tell you that Tinubu built Lagos.
It's funny how foolish, ignorant & myopic urchins say that Lagos State which was the former capital of Nigeria for almost 80 years was built by Tinubu.
So, if for example the capital of Nigeria is moved from Abuja to Rivers state, & Tinubu becomes the governor of Abuja tomorrow, would the foolish urchins also say he built Abuja?
It's really difficult supporting Tinubu without sounding foolish.

25 Likes 3 Shares

Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by HIGHESTPOPORI(m): 2:41pm On Oct 07, 2022
Only Enemies of Nigeria will not vote Peter Obi, the people are ready to take back their country

16 Likes 3 Shares

Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by chidexleo: 2:49pm On Oct 07, 2022
Multiple exchange rates favours only the elite.
OBI will surely fix Nigeria if given the opportunity.
OBI is a wonderful economist and he will fix Nigeria

10 Likes 1 Share

Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by Abdu81: 2:55pm On Oct 07, 2022
chidexleo:
Multiple exchange rates favours only the elite.
OBI will surely fix Nigeria if given the opportunity.
OBI is a wonderful economist and he will fix Nigeria


He certainly will.

6 Likes

Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by RenaissanceGuy: 2:57pm On Oct 07, 2022
There's nothing like multiple exchange rates. What we have now is simply black market rates which is normal in every country. Our only problem is that our own black market rate is waaaaaay higher than the official rate.

1 Like

Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by lastmessenger: 2:57pm On Oct 07, 2022
Excellent idea. Float the damn forex

2 Likes 1 Share

Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by Ineedhustle247: 2:59pm On Oct 07, 2022
Please Nigerians
Let's vote credibility and honesty

2 Likes

Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by Mjshexy(f): 2:59pm On Oct 07, 2022
Everyone knows Mr Peter Obi means well for this Country, we must get things right in the coming election because Nigeria cannot continue this way...gosh sad

2 Likes

Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by BATified2023: 3:00pm On Oct 07, 2022
Omesbrit:
Yesterday there was a lot of argument here about Obi's removal multiple exchange rate, including those who are novice and can't even think of the box it's only a fool that those the same thing over & over and expect the different result. Others were bittered because it came from Obi. But we the well meaning Nigerians knows Obi is the most competent candidate that can take Nigeria out of her economic quagmire.
so u have remove d fake odunlade adekola tweet because u were bursted right?

U igbos should know that u can’t lie your way to power

29 Likes

Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by chidexleo: 3:01pm On Oct 07, 2022
Big man buy at the rate of #460.
Poor man buy at the rate of 780
In one nation.
Let support OBIDATTI for a better Nigeria

3 Likes 1 Share

Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by HeRulesMen: 3:04pm On Oct 07, 2022
You see why it's not hard to spot a good product in the market? Obi is a good product.

3 Likes

Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by mrvitalis(m): 3:06pm On Oct 07, 2022
RenaissanceGuy:
There's nothing like multiple exchange rates. What we have now is simply black market rates which is normal in every country. Our only problem is that our own black market rate is waaaaaay higher than the official rate.
You just saying the same thing he is saying allow market forces determine the rate of dollars ...if the difference between official rate and CBN rate is #2 at most like it was before no body would complain

All I need now is a friend in CBN to sale me $5000 daily at 440 I sale it at black market at 730 ...I would make over 1.4 million without leaving my house

Imagine am a politician like a top minister and minister fan get $500k 3 times a week

That's over 435million creates from nothing causing the hyper inflation you see

8 Likes

Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by fredoooooo: 3:08pm On Oct 07, 2022
Start all ya policies in Anambra first , grin

29 Likes

Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by RenaissanceGuy: 3:13pm On Oct 07, 2022
mrvitalis:

You just saying the same thing he is saying allow market forces determine the rate of dollars ...if the difference between official rate and CBN rate is #2 at most like it was before no body would complain

All I need now is a friend in CBN to sale me $5000 daily at 440 I sale it at black market at 730 ...I would make over 1.4 million without leaving my house

Imagine am a politician like a top minister and minister fan get $500k 3 times a week

That's over 435million creates from nothing causing the hyper inflation you see
So CBN should switch to any black marker rate and make it the official rate? That would even destroy the currency faster. Foreign exchange cabal would simply fix any rate secretly and cause it to be popular and then voila CBN approves the rate as official rate.
Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by mrvitalis(m): 3:26pm On Oct 07, 2022
RenaissanceGuy:
So CBN should switch to any black marker rate and make it the official rate? That would even destroy the currency faster. Foreign exchange cabal would simply fix any rate secretly and cause it to be popular and then voila CBN approves the rate as official rate.
Exchange rate means nothing for an economy ...South Korea , Vietnam is and example

Allowing market forces to determine the value is the best way to stabilise the currency

It doesn't matter if Naira exchange for 1500 as long as it exchange 1500 in January and not more than 1505 in December then naira is good to go

1 Like 1 Share

Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by candidtalk: 3:32pm On Oct 07, 2022
donaldking100:


They have no reasonable reason.
Highest they would tell you that Tinubu built Lagos.
It's funny how foolish, ignorant & myopic urchins say that Lagos State which was the former capital of Nigeria for almost 80 years was built by Tinubu.
So, if for example the capital of Nigeria is moved from Abuja to Rivers state, & Tinubu becomes the governor of Abuja tomorrow, would the foolish urchins also say he built Abuja?
It's really difficult supporting Tinubu without sounding foolish.

If some of you had any usueful knowledge and ability to think critically then you'd know even Obi's talk and touted solutions indict him as distinctly unfit to lead Nigeria. A waste of time.

Even my 4 year old kid can tell you why Nigeria has always traditionally had forex with significant differences between Bank official rate and black market.

I won't say much other than to hint that it is the reason near illiterate bureau de change owners like Mompha can be bragging to be billionaires up and down.

Considering Mompha is lower level, who born the coward Obi to tackle the entrenched forces responsible for the anomalies of our forex regime, that has existed for decades, dominant in the business and money system of a politically influential region of Nigeria? Guy are you blind?


This is why people like you are a danger to yourselves. Obi fled the PDP rather than face Atiku, Tambuwal, Wike etal.

Tinubu starred down the Presidency and saw off the likes of Moin moin Buni, Adamu etal to emerge APC candidate because he had strong men behind him.

Abeg, just even kidding that Obi becomes President, who will stand behind him to achieve what we all know is an obvious solution that is beyond the capacity of one million Peter Obi combined together?

Mompha alone will stick his finger up at Obi. You guys should grow up. Stop touting Obi as a man when we know he is a political boy completely out of his league as far as the leadership of Nigeria that surely has the biggest enemies-of-progress monsters in the world only the strongest can tame.

Tinubu will never talk as naively or has decietfully as Obi does because he knows solutions such as Obi casually says he will deliver will be seriously and vehemently resisted .

Rather Jagaban will have his systematic and silent plan for success no one will see coming.

That is why I continue to say Nigeria needs a brave, resolute and powerful reformer as President more than anything else. Obi can continue fooling gullible elements like you. Wise folks know who the crown fits.


That is why they are all behind Tinubu while enemies of Nigerias progress, who are all praying Obi wins, are against BAT.

Kokori did not stutter below. He mentioned Tinubu and not Atiku or Obi. You people should gain some adult commonsense if only for the sake of your generations unborn and stop pushing Obi to his doom.

The Presidency is far beyond his level. If powerful elements from the North stare at Obi, who kisses Atiku's but up and down, then Him Tu Lie will simply go and hide behind the nearest rock to cry.

Whereas Tinubu is an entrenched force with his own crew, even beyond Nigeria, to go toe to toe with anyone on behalf of what is best for our nation. Obj the coward will be 50 times worse than GEJ.100% guaranteed.

https://www.google.com/amp/s/www.vanguardngr.com/2022/06/2023-only-tinubu-can-take-on-cabal-holding-nigeria-hostage-kokori/amp/

Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by RenaissanceGuy: 3:37pm On Oct 07, 2022
mrvitalis:

Exchange rate means nothing for an economy ...South Korea , Vietnam is and example

Allowing market forces to determine the value is the best way to stabilise the currency

It doesn't matter if Naira exchange for 1500 as long as it exchange 1500 in January and not more than 1505 in December then naira is good to go
So what's the guarantee that when it exchanges for ₦1,500 in January, it won't exchange for more than ₦5 more in December? If exchange
Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by mrvitalis(m): 3:47pm On Oct 07, 2022
RenaissanceGuy:
So what's the guarantee that when it exchanges for ₦1,500 in January, it won't exchange for more than ₦5 more in December? If exchange
Well that's what the independence of CBN is meant to achieve ...lots of factors affects it

The double exchange rate just creates rooms for stealing removing it would help stabilise the economy but it can't do it alone

Building local industries , good fiscal policy , trade balance and all its a very complex cocktail of polices

4 Likes

Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by Simplythebest: 3:48pm On Oct 07, 2022
U have not been to outside country before and which country do u see them selling dollars on the street like they do in Nigeria
RenaissanceGuy:
There's nothing like multiple exchange rates. What we have now is simply black market rates which is normal in every country. Our only problem is that our own black market rate is waaaaaay higher than the official rate.

1 Like

Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by Omesbrit(m): 3:49pm On Oct 07, 2022
BATified2023:
so u have remove d fake odunlade adekola tweet because u were bursted right?

U igbos should know that u can’t lie your way to power
You're not even interested in the topic, but to think anybody who supports PO is Igbo, Is obvious the reason you support Tinubu because of tribal sentiment. I don't not support Po because he's from south east. I support him because he's most competent than any other candidate. Apc had choice of fielding better candidates but messed up. Obi is the best of all the candidate.

2 Likes

Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by candidtalk: 3:51pm On Oct 07, 2022
mrvitalis:

Exchange rate means nothing for an economy ...South Korea , Vietnam is and example

Allowing market forces to determine the value is the best way to stabilise the currency

It doesn't matter if Naira exchange for 1500 as long as it exchange 1500 in January and not more than 1505 in December then naira is good to go

Bro, think na. It ain't Rocket science. Obi is talking , correctly, about the reality of Naira exchanging officially against the pound for 480 naira to one pound yet black market is 830 Naira to one pound.

It is a deplorable reality that has put many legit Nigerians out of business in the past few year because of lack of access to forex to trade in international business. It is seriously hampering the ability of our business men and companies to trade internationally.

Every savvy player knows it is deliberate and a scheme put in place by a ruthless cartel that makes many individuals billionaires every week from the anomaly between official bank rate and black market rate

They tell you Bank rate for dollars and pounds is this and that yet you'll never get that rate or the amount you need on time with the cumbersome and lengthy process banks put in place at the behest of even CBN and financial authority who are complaint proxies of the politicians controlling the forex cartel that is feeding a considerable chunk of the wealth system of the North.

The problem is really, really, really killing Nigeria and the South in particular. It has gotten horrendously worse under Buhari who is hands off and let's everyone, especially those in his 'inner crew', do as they please.

This is the entrenched and very powerful system some think Obi can take on just because he identifies a problem some of us know well first hand and as a matter of business interests and interactions?

If Obi himself means well for Nigeria then he will get behind Tinubu and stop fooling himself and his horribly gullible and naive fans.

Some of you would be petrified for Obi if you really know the severity and horrid depth of our problems and what an unprepared, weak and docile character like Obi, with no powerful backing, is putting himself in pretending to want to be President.

Why do you think, whether Tinubu becomes President or not, I still tout what is shown below as the way forward every day on NL?

Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by oluwasunkanmi97(m): 4:02pm On Oct 07, 2022
candidtalk:


If some of you had any usueful knowledge and ability to think critically then you'd know even Obi's talk and touted solutions indict him as distinctly unfit to lead Nigeria. A waste of time.

Even my 4 year old kid can tell you why Nigeria has always traditionally had forex with significant differences between Bank official rate and black market.

I won't say much other than to hint that it is the reason near illiterate bureau de change owners like Mompha can be bragging to be billionaires up and down.

Considering Mompha is lower level, who born the coward Obi to tackle the entrenched forces responsible for the anomalies of our forex regime, that has existed for decades, dominant in the business and money system of a politically influential region of Nigeria? Guy are you blind?


This is why people like you are a danger to yourselves. Obi fled the PDP rather than face Atiku, Tambuwal, Wike etal.

Tinubu starred down the Presidency and saw off the likes of Moin moin Buni, Adamu etal to emerge APC candidate because he had strong men behind him.

Abeg, just even kidding that Obi becomes President, who will stand behind him to achieve what we all know is an obvious solution that is beyond the capacity of one million Peter Obi combined together?

Mompha alone will stick his finger up at Obi. You guys should grow up. Stop touting Obi as a man when we know he is a political boy completely out of his league as far as the leadership of Nigeria that surely has the biggest enemies-of-progress monsters in the world only the strongest can tame.

Tinubu will never talk as naively or has decietfully as Obi does because he knows solutions such as Obi casually says he will deliver will be seriously and vehemently resisted .

Rather Jagaban will have his systematic and silent plan for success no one will see coming.

That is why I continue to say Nigeria needs a brave, resolute and powerful reformer as President more than anything else. Obi can continue fooling gullible elements like you. Wise folks know who the crown fits.


That is why they are all behind Tinubu while enemies of Nigerias progress, who are all praying Obi wins, are against BAT.

Kokori did not stutter below. He mentioned Tinubu and not Atiku or Obi. You people should gain some adult commonsense if only for the sake of your generations unborn and stop pushing Obi to his doom.

The Presidency is far beyond his level. If powerful elements from the North stare at Obi, who kisses Atiku's but up and down, then Him Tu Lie will simply go and hide behind the nearest rock to cry.

Whereas Tinubu is an entrenched force with his own crew, even beyond Nigeria, to go toe to toe with anyone on behalf of what is best for our nation. Obj the coward will be 50 times worse than GEJ.100% guaranteed.

https://www.google.com/amp/s/www.vanguardngr.com/2022/06/2023-only-tinubu-can-take-on-cabal-holding-nigeria-hostage-kokori/amp/

Who else read this please ??.....

Omoooooooo×100000^999

Hmmmmmm..

THIS IS DEEP OOOOO !!

May God Almighty help us to help ourselves in this upcoming elections oooooo.


1 Like

Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by candidtalk: 4:05pm On Oct 07, 2022
Simplythebest:
U have not been to outside country before and which country do u see them selling dollars on the street like they do in Nigeria

Exactly. It is done deliberately as well and abetted by political power to create a 'balancing' wealth system for a region and people of Nigeria.

We are fcked mates. I just find it amusing most Nigerians don't realize how screwed we are. Our Country is built on unfairness and abuse of power and privilege.

Redemption can only come if we can change our current worthless system by finding someone genuinely powerful and influential enough to deliver the needed reforms.

This is why I laugh when people will be talking about jogging around stadiums and certificates. Are we fcking kidding?

I seriously urge Nigerians to familiarise themselves with our problems. Only then will they understand the solutions required.

1 Like

Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by Kagd10: 4:17pm On Oct 07, 2022
StrongAlphMale:
This is exactly why Nigeria urgently needs Peter obi to fix this country ASAP.

Remove religion remove ethnicity

Tell me one reason to vote Tinubu or Atiku over Obi.

Just one, I'm waiting

Peter Obi was part of Jonathan's administration which led to the fall in naira in Jonathan's last year albeit Buhari didn't help matters, especially in his second term.

Meanwhile, Tinubu didn't rule you or your papa.
Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by WhatCanIsay(m): 4:19pm On Oct 07, 2022
RenaissanceGuy:
There's nothing like multiple exchange rates. What we have now is simply black market rates which is normal in every country. Our only problem is that our own black market rate is waaaaaay higher than the official rate.

Nawa oooh so that our only problem is not a problem enough that needs to be addressed on the highest level

And if we have different exchange rates, can it be termed single exchange rate?
Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by Spy360(m): 4:27pm On Oct 07, 2022
RenaissanceGuy:
So CBN should switch to any black marker rate and make it the official rate? That would even destroy the currency faster. Foreign exchange cabal would simply fix any rate secretly and cause it to be popular and then voila CBN approves the rate as official rate.
grin grin grin

It's either you nor know book or you're just being mischievous.

Upon all the explanation you see dey yarn bulls

grin grin grin

1 Like

Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by Kingspin(m): 4:42pm On Oct 07, 2022
Even if Peter Obi is Moses of the Bible, some people will not vote for him for dumb reasons.

The worst set of people who will not be voting for Obi are tribalist and religious-minded species, very harmful for our nation.
They rather see dollar climbed 2000 to the Naira.
Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by candidtalk: 4:47pm On Oct 07, 2022
Kagd10:


Peter Obi was part of Jonathan's administration which led to the fall in naira in Jonathan's last year albeit Buhari didn't help matters, especially in his second term.

Meanwhile, Tinubu didn't rule you or your papa.


This is the thing. We never want to tell ourselves the truth in Nigeria because of ethno-religious and sectional bias.

Igbo man will know Obi's flawed history yet will still be touting him as fit for a job it is obvious is beyond his capacity. Ditto Atiku. Whereas we have all seen what Tinubu has done with Lagos, ACN and even APC as testimonies to his undoubted leadership excellence.

Obi is indeed a failure and part of our problems. Buhari has contributed to the problem horribly and I feel deliberately because he leans towards a hands-off approach to tackling the major problems of Nigeria in so far as that may be perceived as punitive against the interest of the North and Northerners.

Those suffering horribly over the horrific black market rates that got to 'choking' dimension under Buhari are southerners because of business, study and tourism interest.

The South, by far is the loser, whereas the Northern Bureau de change owner in Nigeria is laughing all the way to the bank because CBN is forced to release to them, abetted by political power, at bank rate and they rake in the huge difference.

Folks can accuse Tinubu of all sorts but he created a Lagos where opportunities exist for all and is denied to no one. Not many States of Nigeria have that enabling environment and we can only pray he gets a chance to deliver that for Nigeria.

Tinubu believes in creating wealth for all. I instantly bowed for Tinubu when he made the powerful statement that you cannot abolish corruption in Nigeria when Nigerians cannot get access to favourable and fair credit and mortgages to buy the most essential requirements that makes them satified and fulfilled such as homes, cars, electronic goods etc. Considerations that can appreciably lift many out of poverty and grow the middle class to the glory of a nation..

The man has constantly touted the reduction of CBN interest rate so we can all tell how he will move whereas I am not even sure Buhari has any thoughts on that considerstion either way.

Obi is just writing cheques of rhetoric and propaganda his bank balance can never cash. Nothing Obi talks about that even averagely clever Nigerians do not know about.

We even know the solution enough to understand it is not rocket science. They just have to be implemented by genuinely powerful leaders with a rock solid crew or 'regulators' behind them.

I personally always chuckle when some clap after Obi says obvious things. The dude is a joker and capitalising on the fact that the average Nigerian youth is very ignorant and views Obi as "change".

1 Like

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