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Nairaland Forum / Nairaland / General / Politics / NGX’s Growth: Nigerians Are Poorer Under Tinubu's Government – Ndubuisi Ekekwe (7069 Views)
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NGX’s Growth: Nigerians Are Poorer Under Tinubu's Government – Ndubuisi Ekekwe by Thonyboy: 8:55am On Jan 22 |
A United States-based innovator and tech entrepreneur, Prof Ndubuisi Ekekwe, says while the Nigerian Stock Exchange has recorded impressive growth in the last eight months under President Bola Ahmed Tinubu, the irony is that more Nigerians are poorer.https://.ng/2024/01/22/ngxs-growth-nigerians-are-poorer-under-tinubu-govt-innovator-ndubuisi-ekekwe/ 23 Likes 3 Shares
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Re: NGX’s Growth: Nigerians Are Poorer Under Tinubu's Government – Ndubuisi Ekekwe by Arobaga: 9:04am On Jan 22 |
Mr track record I still wonder someone that single-handedly built Lagos is now demolishing Nigeria this much Nothing sweet illiterate say graduate no get work That means nothing sweet Buhari say he don see who He better pass 60 Likes 3 Shares |
Re: NGX’s Growth: Nigerians Are Poorer Under Tinubu's Government – Ndubuisi Ekekwe by TINTINABULATION(m): 9:12am On Jan 22 |
Things first of all happen in the spiritual realm before they manifest in the physical. The growth of the Nigerian Stock Exchange is a pointer that good things are coming. This is the first time, after Olusegun Obasanjo that Nigeria has a decisive President. 15 Likes 4 Shares |
Re: NGX’s Growth: Nigerians Are Poorer Under Tinubu's Government – Ndubuisi Ekekwe by christejames(m): 9:15am On Jan 22 |
Extremely poor now Even the ronu miscreants here rarely post as frequent as before... Tinubulation will reach everyone! 38 Likes 2 Shares |
Re: NGX’s Growth: Nigerians Are Poorer Under Tinubu's Government – Ndubuisi Ekekwe by BigDawsNet: 9:24am On Jan 22 |
His policy actually dropped millions of people in poverty... I'm not sure what his trying to achieve tho $1/400 to $1/1350 28 Likes |
Re: NGX’s Growth: Nigerians Are Poorer Under Tinubu's Government – Ndubuisi Ekekwe by Dialpad: 9:24am On Jan 22 |
Within how many months in office you are already bringing fake statistics. Don't you realize it might get tough before it gets better. Many of us think a president has that magic hand to turn an economy saddled with debt around within 8months... That's unrealistic 13 Likes 4 Shares |
Re: NGX’s Growth: Nigerians Are Poorer Under Tinubu's Government – Ndubuisi Ekekwe by Aremwayne: 9:25am On Jan 22 |
This Government is worse than that of Buhari. 30 Likes |
Re: NGX’s Growth: Nigerians Are Poorer Under Tinubu's Government – Ndubuisi Ekekwe by Wealthoptulent(m): 9:25am On Jan 22 |
Thonyboy:una talk pass this for PMB tenure.... who talk am sef..... lolz na from obi kinsmen luizpippo:Great! that you have spoken like a learned person, so from what u said, did BAT create this syndrome holding economy or no be adverse effect of decisions on economy fr 8 years playing ? can it get better in just less than 1 year like that? no be miracle oo dem go work am, walk am up there 5 Likes 3 Shares |
Re: NGX’s Growth: Nigerians Are Poorer Under Tinubu's Government – Ndubuisi Ekekwe by samogo1: 9:25am On Jan 22 |
I would have been surprised if the reverse was the case. People that said he built Lagos, we are still waiting for the proof oh. Naira is currently sinking borehole 20 Likes 4 Shares |
Re: NGX’s Growth: Nigerians Are Poorer Under Tinubu's Government – Ndubuisi Ekekwe by skywalker240(m): 9:26am On Jan 22 |
Mtcheeew 1 Like |
Re: NGX’s Growth: Nigerians Are Poorer Under Tinubu's Government – Ndubuisi Ekekwe by Truth234(m): 9:26am On Jan 22 |
What Ndubuisi said here is not true. “That is why foreign investors are not coming for that 45 per cent gain because if you made 45 per cent on equity but lost 50 per cent on currency, with 30 per cent on inflation, you are poorer”, he said Investors are not coming to Nigeria because of the nation's unpredictable policy changes and dollar illiquidity due to poor economic structure. It is dangerous if policy changes when you are already in, basically uncertainty. But when it comes to making money. They will make money via arbitrage and several other methods. Nigeria's interest rate is almost 30% in most developed economies it is way lower, borrow money abroad and fix it here then do fx forward contract to lock your fund against inflation and fluctuation in naira value, so you can repatriate. 8 Likes 3 Shares |
Re: NGX’s Growth: Nigerians Are Poorer Under Tinubu's Government – Ndubuisi Ekekwe by NkanuSon: 9:26am On Jan 22 |
Ema pawa wo abi how una dey call am?? People using their hands to shoot their selves 9 Likes |
Re: NGX’s Growth: Nigerians Are Poorer Under Tinubu's Government – Ndubuisi Ekekwe by bigdammyj: 9:28am On Jan 22 |
Noted. |
Re: NGX’s Growth: Nigerians Are Poorer Under Tinubu's Government – Ndubuisi Ekekwe by InvertedHammer: 9:29am On Jan 22 |
/ The face value looks promising until the foreign fund managers want to repatriate their funds. They will realize that exchange rates variation has destroyed their profits. / 15 Likes |
Re: NGX’s Growth: Nigerians Are Poorer Under Tinubu's Government – Ndubuisi Ekekwe by Tallesty1(m): 9:29am On Jan 22 |
Dialpad:Abeg where is better for all the tough it got under Buhari? 9 Likes |
Re: NGX’s Growth: Nigerians Are Poorer Under Tinubu's Government – Ndubuisi Ekekwe by grandstar(m): 9:30am On Jan 22 |
The reason why is simply: money is leaving the money markets because interest rates are too low and flowing into the capital market.. The CBN needs to increase interest rates to bring inflation down. Once this is done, money will flow out from capital markets into the money market which will lead to a reduction in stock prices. 2 Likes |
Re: NGX’s Growth: Nigerians Are Poorer Under Tinubu's Government – Ndubuisi Ekekwe by VeeVeeMyLuv(m): 9:30am On Jan 22 |
BigDawsNet:Yes o The his policies dumped millions more people into poverty 8 Likes |
Re: NGX’s Growth: Nigerians Are Poorer Under Tinubu's Government – Ndubuisi Ekekwe by Lanretoye(m): 9:30am On Jan 22 |
These people sha,they should just put Jesus on the ballot paper,since they want a president that will turn nigeria to america in 8months.look at his name self. A professor talking about foreign investments in a ctippled economy and a new administration with staggering policies,thats the kind of professors they have there. In 8months now,foreign companies should have littered every city,ptofessor indeed.even secondary school student should not reason like that 6 Likes 4 Shares |
Re: NGX’s Growth: Nigerians Are Poorer Under Tinubu's Government – Ndubuisi Ekekwe by ajailer(m): 9:31am On Jan 22 |
na one of the people wey fund Obi campaign be dis.... he never get over the loss, so I totally understand if he sees nothing good under this new administration...... shebi he is based in Amelica nah. 2027 go come, una go loose again insha allah. 5 Likes 2 Shares |
Re: NGX’s Growth: Nigerians Are Poorer Under Tinubu's Government – Ndubuisi Ekekwe by money121(m): 9:31am On Jan 22 |
Ok |
Re: NGX’s Growth: Nigerians Are Poorer Under Tinubu's Government – Ndubuisi Ekekwe by Creamypie(m): 9:31am On Jan 22 |
Them wan steal money, them use excuse of removing subsidy more than ten times, In d name of developing "critical" sectors. Still, no light we still depend 100% on fuel. They lied with "school feeding" mantra. Abeg who them dey feed for school? They are lying with palliative. We don't even need it. All the critical sectors since obj time are still working in same capacity as they were 24 years ago. Those who support APC are spoon-fed by their parents. They don't pay bills by themselves 11 Likes |
Re: NGX’s Growth: Nigerians Are Poorer Under Tinubu's Government – Ndubuisi Ekekwe by theophorus(m): 9:31am On Jan 22 |
Once dem talk, you go understand the Prism wen their reasoning pass through. 1 Like |
Re: NGX’s Growth: Nigerians Are Poorer Under Tinubu's Government – Ndubuisi Ekekwe by tishbite43: 9:31am On Jan 22 |
Truth234:Just admit you don't understand what he said there 12 Likes |
Re: NGX’s Growth: Nigerians Are Poorer Under Tinubu's Government – Ndubuisi Ekekwe by tishbite43: 9:32am On Jan 22 |
ajailer:Google him 5 Likes |
Re: NGX’s Growth: Nigerians Are Poorer Under Tinubu's Government – Ndubuisi Ekekwe by adolfHitler1934: 9:32am On Jan 22 |
Oga who asked you to talk? Don't you know your name, don't you know they will profile you based on your name and tag you a member of LP and from a particular region, deliberately misinforming Nigerians because the president is not from your tribe. You want to tarnish the image of this administration, the president who is our brother abi. We shall teach you and your tribesmen a bitter lesson. Watch out! 8 Likes |
Re: NGX’s Growth: Nigerians Are Poorer Under Tinubu's Government – Ndubuisi Ekekwe by salbis(m): 9:33am On Jan 22 |
Sadly, even people on empty stomach caused by the APC government will argue this glaring fact. 6 Likes |
Re: NGX’s Growth: Nigerians Are Poorer Under Tinubu's Government – Ndubuisi Ekekwe by nairavsdollars(f): 9:33am On Jan 22 |
J |
Re: NGX’s Growth: Nigerians Are Poorer Under Tinubu's Government – Ndubuisi Ekekwe by Truth234(m): 9:33am On Jan 22 |
tishbite43: No, even him never argued with him. Yes, he knows me. |
Re: NGX’s Growth: Nigerians Are Poorer Under Tinubu's Government – Ndubuisi Ekekwe by callmevirus(m): 9:33am On Jan 22 |
Nothing concern me but E dey mind Prof Ndubuisi nwanne Peter Obi, that's how they will leave the message and even Ndubuisi to attack Peter Obi 5 Likes |
Re: NGX’s Growth: Nigerians Are Poorer Under Tinubu's Government – Ndubuisi Ekekwe by Maxtipulation(m): 9:33am On Jan 22 |
Some unfortunate poeple will rain insults on him now leaving the truth aside. 7 Likes |
Re: NGX’s Growth: Nigerians Are Poorer Under Tinubu's Government – Ndubuisi Ekekwe by VeeVeeMyLuv(m): 9:33am On Jan 22 |
Dialpad:You don't have conscience o... Walahi you are very insensitive and heartless Bag of rice is going to 100k as we speak! Now currently 60k He is yet to review wages upward People are still receiving what they were paid as salary in 2015! 6 Likes 1 Share |
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