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Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu - Politics (2) - Nairaland

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Prof. Moghalu To Speak At Nigeria Youth Decide Conference October 1 / Ini Okopido Is Dead! Akwa Ibom APC Chairman Dies Of Multiple Organ Failure / Atiku Vows To End Multiple Exchange Rates (2) (3) (4)

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Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by YoungDaNaval(m): 4:53pm 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.

Who brought buhari into power?
Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by Kagd10: 4:56pm On Oct 07, 2022
YoungDaNaval:
Who brought buhari into power?

Buhari gave you the second Niger bridge. That being said, it doesn't negate the fact that Tinubu didn't rule you or your papa
Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by candidtalk: 5:04pm On Oct 07, 2022
YoungDaNaval:
Who brought buhari into power?


Tinubu supported Buhari to power and instructed PMB to lead Nigeria as he has done?

Even the Son you bring into the world you cannot control yet you irritating folks always tout this garbage that Tinubu must be held responsible for Buhari's leadership actions and decisions.
Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by XerXers: 5:08pm On Oct 07, 2022
Joevics:
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.
Sanusi Lamido said it, they removed him from Emirship
Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by YoungDaNaval(m): 5:16pm On Oct 07, 2022
candidtalk:



Tinubu supported Buhari to power and instructed PMB to lead Nigeria as he has done?

Even the Son you bring into the world you cannot control yet you irritating folks always tout this garbage that Tinubu must be held responsible for Buhari's leadership actions and decisions.
Did you agree with me that buhari failed Nigerians?
Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by kkash: 5:41pm On Oct 07, 2022
candidtalk:


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".
Thanks for your candid input, please I'll need a little more clarifications, how did tinubu create lagos??, please explain to me like I'm 8
Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by BigIyanga: 5:45pm On Oct 07, 2022
Joevics:
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.
Tankio.. beneciaries are: Tinubu Oando, Tinubu’s Intels, Dangotes, BUA, Otedolas, Total, NIPCo, Folawiyos, .. Petrol importers take 80% of our forex at 460…
Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by candidtalk: 5:57pm On Oct 07, 2022
kkash:

Thanks for your candid input, please I'll need a little more clarifications, how did tinubu create lagos??, please explain to me like I'm 8

I don't have time for mischief mate. Have a nice weekend and more blessings to you.
Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by candidtalk: 6:08pm On Oct 07, 2022
YoungDaNaval:
Did you agree with me that buhari failed Nigerians?

Yes I do.
Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by MikeBetty(m): 6:17pm 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
agent of devil forex analogy.
Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by kkash: 6:32pm On Oct 07, 2022
candidtalk:


I don't have time for mischief mate. Have a nice weekend and more blessings to you.

Was honestly looking for a rational explanation buh I get it...hv a lovely weekend too....
Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by Headachetoigboh(f): 6:46pm On Oct 07, 2022
But foolish Rhino thta don't know anything about economy is talking trash.

Ask Dangote if the policy is nice.
Ask economist how far
Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by candidtalk: 7:02pm On Oct 07, 2022
kkash:


Was honestly looking for a rational explanation buh I get it...hv a lovely weekend too....

Respectfully bro, I feel there is no rational explanation to give that won't be countered with the "Lagos was capital for 300 years" excuses. Respect your politeness though. Rare here.
Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by BigIyanga: 7:05pm On Oct 07, 2022
Headachetoigboh:
But foolish Rhino thta don't know anything about economy is talking trash.

Ask Dangote if the policy is nice.
Ask economist how far
SME create over 90% of Naija job. For every new company Dangote started, Naija lost 1000 smes in tjat sector

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Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by chichima5764: 7:18pm On Oct 07, 2022
Who else read this please ??.....Omoooooooo×100000^999Hmmmmmm..THIS IS DEEP OOOOO !!May God Almighty help us to help ourselves in this upcoming elections oooooo. Who else read this please ??.....Omoooooooo×100000^999Hmmmmmm..THIS IS DEEP OOOOO !!May God Almighty help us to help ourselves in this upcoming elections oooooo. ...
Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by Cantonese: 7:22pm 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.

Please just listen and learn.

Cheers.
Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by RenaissanceGuy: 7:35pm On Oct 07, 2022
Spy360:

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
OK, explain to me what you mean by multiple exchange rates, if you can. If govt fixes ₦400 per dollar and black market decides to sell for ₦500, how's that multiple rates? Will Obi force the marketers to start selling at a certain rate? Because you people keep on shouting mulitiple exchange rates without even taking time to know if that term should even exist in the first place.
Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by BigIyanga: 8:22pm On Oct 07, 2022
RenaissanceGuy:
OK, explain to me what you mean by multiple exchange rates, if you can. If govt fixes ₦400 per dollar and black market decides to sell for ₦500, how's that multiple rates? Will Obi force the marketers to start selling at a certain rate? Because you people keep on shouting mulitiple exchange rates without even taking time to know if that term should even exist in the first place.
Una go see lighy still dey pray for darkness. During Obj, rate was steady for yrs and the gap btw black and official rate was less than 10%. Same with Yar’du, GEJ..under GMB, arbitrage is almost 100% .. You can make 100% return on FX without lifting a finger.
Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by almelo3: 8:29pm 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/
is Tinubu not among the cabals holding Nigeria hostage? Is Lagos state not part of Nigeria or has it become a country on its own? Tinubu is among the cabal holding our country hostage
Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by aariwa(m): 8:47pm On Oct 07, 2022
BigIyanga:

SME create over 90% of Naija job. For every new company Dangote started, Naija lost 1000 smes in tjat sector
Obi has been hammering on smes as the driver of real growth in every country, glad for the ones with common sense. SMEs was what Clinton used to grow the US economy to the highest level in history

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Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by 2elliot: 9:26pm 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/
You be mumu. Obi that handle Anambra state godfathers na who you dey take play ba? How many godfathers did tinubu face in Lagos? Guy, go sleep.
Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by candidtalk: 10:11pm On Oct 07, 2022
2elliot:
You be mumu. Obi that handle Anambra state godfathers na who you dey take play ba? How many godfathers did tinubu face in Lagos? Guy, go sleep.

Lol. Obi handled nothing and no one. Besides, your Igbo so-called Godfathers you claim Obi handled are clowns compared to the baba alaye Northern cartel who have grown an entrenched international multi-billion dollar business from forex manipulation.

This is not your enyimba enyimba level and Obi who fled rather than face Atiku, Tambuwal and Wike would sh1t his pants against the type of Northern monsters who are the cartel power behind the international ring that involves even so many Non-Nigerian influential players, gangsters and criminals.

It is not Obi's level bro.
Re: Peter Obi Removal Of Multiple Exchange Rates Excellent Prof Moghalu by Spy360(m): 2:38am On Oct 08, 2022
RenaissanceGuy:
OK, explain to me what you mean by multiple exchange rates, if you can. If govt fixes ₦400 per dollar and black market decides to sell for ₦500, how's that multiple rates? Will Obi force the marketers to start selling at a certain rate? Because you people keep on shouting mulitiple exchange rates without even taking time to know if that term should even exist in the first place.
OK I get what you mean but you are not in line.

Multiple exchange rate has little to do with black market. In fact black market is a consequence of MER.

In MER, government has different rates for Forex which is determined by the type of goods to be imported. Some goods which they consider essential have low rates while others have high rates. The single rating system will make black market less profitable, thereby reducing its influence drastically.

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