COMPAQ:



I beg leave Bismarck Rewane!! I've listened to that guy severally and he's overrated. Once Nigerian's hear technical jargon they don't understand they ascribe smartness to people. That's how we are easily deceived.

Besides he was an advisor under Buhari's government not so? Where did that leave us? Where was Rewane when Emefiele was selling Nigeria's crude of 2025 ahead of time to get dollar to defend Naira.

I am not here to speak for anyone, but an adviser can do so little. You advise, your boss does whatever he likes.

By the way, you should check his profile and what he has accomplished in the past. Take it or leave it, he's one of the best economists in this country now.

Like I wrote earlier, I prefer asset managers running institutions that make policies (like the CBN) than commercial bank CEOs.

uniquetechng:
Tinubu brought Buhari to power, and he is the Chieftain of APC so how come he never proffer any ideas to Buhari to solve the many problems we faced in Buhari's 8 years in power ?

Very good Question for those Mor0ns.

Under 8years of Buhari, Tinubu did NOT proffer even a single solution or Advice to Bubu's Useless Govt.

COMPAQ:



Despite that, we can only take Nigeria forward based on our reality of today! Not what it ought to have been! And that reality is that Nigeria is almost broke and we are nowhere near as rich as we think we are.

South Africa's national government has a budget of $125bln, yet they have no oil and 1/3 of our population

Algeria has a national budget of $98bln, yet they have less oil than us and lower population


Nigeria has a budget of $33bln. Yes I agree we have corruption issues. But even with zero corruption, in which segment of your thinking does $33bln match with $125bln!! Yet we are supposed to have a bigger economy than South Africa.


As for who destabilized, the rot started with Jonathan!!

Obasanjo paid our debt
Obasanjo had economic growth averaging 6%
Obasanjo left like $40bln+ in Excess Crude Account


Jonathan took down ECA from $40bln to like $30mln.

But the worst of them all was Buhari

how does that answer my questions?

pls what are the "very tough decisions" that Tinubu is making that will gradually stabilise things?

who destabilised the things that Tinubu needs to stabilise?

you say "decades of corruption".

has Tinubu not been a participant during these decades of corruption?

how has his participation in public life been devoid of corruption?

SoNature:
How can a man with a patch-patch qualification be hired to stabilise the naira?

People who studied economics and work for asset management firms should be hired to run the CBN.

Oga, if they ask you to suggest one person that you think can handle CBN job effectively than Cardozo, you'll go mute. Some of you just think Cardozo is making decisions unilaterally. CBN has deputy governors, directors and financial experts working together with Cardozo.

COMPAQ:


Petroleum subsidy is not any livewire of this nation. Diesel has far more impact on the daily lives of Nigerians cos food, cement, containers are moved across the length and breadth of this country by diesel powered trucks and diesel has been deregulated for about 15 years now.

Besides, exchange rate is even more important than removal of subsidy in itself. If subsidy had been removed and naira had remained stable at N700, prices wouldn't have gone through the roof. And removal of subsidy has no direct relationship to the exchange rate. In actual fact, subsidy removal should have helped it because it would have meant government no longer had to use its own dollars.

Nigeria's key issues are beyond subsidy removal.

Insecurity impacting farmers ability to grow food and Insecurity limiting how much oil we produce and ultimately how much dollar we earn a a country are bigger issues than subsidy removal in iteself.

You are not an Economist, so won't fully understand the comparative dynamics and value chain between PMS and Diesel.
Remove subsidy on Diesel, it won't impact much and there won't be much protest because the end users of diesel will cope or find means to easily shift the cost.
On the other hand, remove PMS subsidy, it will affect a larger population and cause protests. The common man doing Vulcanizer, Drycleaning, Hair dressing, Photocopying and even the poor woman grinding tomatoes on your street will be badly affected. Not to talk of the Taxi and bus drivers you and I patronize. Does diesel have this much impact on a larger population?

successmatters:
Is cardoOZO the problem?

The problem is a rotten head sitting in top of him. When the head is rotten, the whole body will malfunction.

Both Tinubu and Cardozo (CBN Governor) are clueless. Sometimes, the appointee can make an impact even if the appointing authority is clueless. We saw the impact that Samusi Lamido Sanusi made by his professional, personal efforts and convictions when he was CBN governor even though he served under presidents that were not super- competent or markedly different from what we have today.
The present CBN governor is inexperienced.
But I agree that the ultimate blame goes to Tinubu who appointed an incompetent CBN governor

arantess:

Oh I see...
You blame emefiele but not buhari...
Now you won't blame cardoso but tinubu...

No be so na...

Dey play if you think say them nor blame Buhari.

I can’t believe I’m agreeing with this man. But yes, our cbn governors should not come from commercial banking sector.

Yes Emefiele is a core banker and that’s why he was able to do that much damage

Don’t forget he was appointed by Goodluck Jonathan and things were still relatively stable even initially with buhari

When he sold his soul for a second term and became boy boy to Isa funtua the Hausa mafias took over, they bought 2 banks with no cash down, placed his son in law in charge of AMCON, gave loans that were never paid back

He was Zenith bank CEO too and made the bank number one with supervision from Jim

Emefiele needs good guidance, he didn’t have the moral fiber to say no just to keep his job

Idaytesj29:


That thief is a core banker now? Emefiele and his Buhari are the cause of all these problem. Buhari was borrowing all over the world millions of dollars weekly at some point, Naira will always take the hit. Emefiele was busy selling Dollars from CBN vault to BDC agents and operators at a profit. When the official rate was 400, Emefiele CBN sells to aboki and their agents at 550 to a dollar 💰 and the agents sells in their black market at 750 800 to a dollar. Such economic saboteur is who you called core banker?

While Tinubu did wrong with his ill prepare subsidy removal without proper alternatives, wage jerk ups and palliatives for the people, the economy was long gone under Buhari, this dude was just trying to put things together.

For most part, Buhari was printing naira indiscriminately to pay salaries and fund projects, the result is what we are seeing.

Tinubu is not popular at the moment, but the blame for all these mess we are in is not entirely his. Sizeable part should go to Emefiele and Buhari, Buhari especially.

Yankee101:
Yes Emefiele is a core banker and that’s why he was able to do that much damage

Don’t forget he was appointed by Goodluck Jonathan and things were still relatively stable even initially with buhari

When he sold his soul for a second term and became boy boy to Isa funtua the Hausa mafias took over, they bought 2 banks with no cash down, placed his son in law in charge of AMCON, gave loans that were never paid back

He was Zenith bank CEO too and made the bank number one with supervision from Jim

Emefiele needs good guidance, he didn’t have the moral fiber to say no just to keep his job

It's a shame that he had to let lose all those important accolades in his CV to bootlick the abokis.

He should have resigned and have is dignity preserved. Look at the humiliation now and tarnished records.

kerry57:


Bro. Tinubu will get it right. He is making very tough decisions that will gradually stabilize things. Nigerians want quick fix of decades of corruption it can't work

So Tinubu was not involved in the corruption over the past decade
Can a demon cast out demons?
Why do you all love to fool yourselves

We need the likes of Oshiomole as the president or Senate president

The ultimate blame goes to Tinubu. Cardozo just want to earn the title CBN governor that is why he is still there. I believe the incompetent Tinubu did not consult Cardozo before he implemented the twin evil policies.

If only corruption wasn't our middle name and identity.......
Ordinary Perceived Leadership could have steered the populace in a righter direction........
The Empathy for the greater number is lost.
If the country had no people, it would still work.....
Benz has never tried putting a Keke Napap on engine under any of its hood, no matter how bad

Oshomole is brilliant

😂 Oshimole will be abandoned with this condemnation of Cardoso harsh economy policies here😂 Oshimole will be abandoned with this condemnation of Cardoso harsh economy policies here...

successmatters:
Is cardoOZO the problem?

The problem is a rotten head sitting in top of him. When the head is rotten, the whole body will malfunction.

YES Cadofailso is the major problem because he knows nothing, he is a failure

successmatters:


We need to give him more time. He may get things right in his second tenure.

I almost fall from chair with laugh

Wow, great speech ever heard from any Nigerian senator! West no send una papa. Make una suffer una self and make they take advantage of it. They are only interested in their own interests...

Ilekokonit:
Oshiomhole warned the Senate about confirming Yemi Cardoso as CBN Governor.

In this same video from Sept 2023, Oshiomole [b] warned against allowing market forces to determine the value of the Naira.


https://www.youtube.com/watch?v=7AzvqRanNrY

Oshimole point is been noted here

lexy2014:


how does that answer my questions?

pls what are the "very tough decisions" that Tinubu is making that will gradually stabilise things?

who destabilised the things that Tinubu needs to stabilise?

you say "decades of corruption".

has Tinubu not been a participant during these decades of corruption?

how has his participation in public life been devoid of corruption?

Clearly you are just asking for asking sake.

Tinubu has only made two critical decisions - subsidy removal and float of the Naira, so why asking again "what tough decisions". What's tougher than subsidy removal that all other Presidents have kicked down the road.


"Who destabilized"...I basically answered this in my post. Go and re-read!! And then read between the lines, if you cant figure it out.

Is corruption all about Tinubu? He was totally not involved in 8 years of Buhari government. Totally frozen out. Neither Jonathan's govt.

COMPAQ:


Clearly you are just asking for asking sake.

Tinubu has only made two critical decisions - subsidy removal and float of the Naira, so why asking again "what tough decisions". What's tougher than subsidy removal that all other Presidents have kicked down the road.


"Who destabilized"...I basically answered this in my post. Go and re-read!! And then read between the lines, if you cant figure it out.

Is corruption all about Tinubu? He was totally not involved in 8 years of Buhari government. Totally frozen out. Neither Jonathan's govt.

off point.

pls what are the "very tough decisions" that Tinubu is making that will gradually stabilise things?

who destabilised the things that Tinubu needs to stabilise?

you say "decades of corruption".

has Tinubu not been a participant during these decades of corruption?

how has his participation in public life been devoid of corruption?

successmatters:


We need to give him more time. He may get things right in his second tenure.

U are very inconsiderate. Perhaps you are financially stable enough to bear the sufferings till his second tenure, hence u made an such statement.

COMPAQ:


Clearly you are just asking for asking sake.

Tinubu has only made two critical decisions - subsidy removal and float of the Naira, so why asking again "what tough decisions". What's tougher than subsidy removal that all other Presidents have kicked down the road.


"Who destabilized"...I basically answered this in my post. Go and re-read!! And then read between the lines, if you cant figure it out.

Is corruption all about Tinubu? He was totally not involved in 8 years of Buhari government. Totally frozen out. Neither Jonathan's govt.

Tinubu seemed not involved in the corruption cos his involvement in the corruption was placed on AUTO-PILOT.

While others needed to be changing gears and maneuvering thru obstacles& authorities.

Tinubu"s corruption vehicle was running on freelane on Cruise-Control-Autopilot.

A capitalist can not be a good public officer... oshiomole is an intelligent man.

kerry57:


Bro. Tinubu will get it right. He is making very tough decisions that will gradually stabilize things. Nigerians want quick fix of decades of corruption it can't work

You are not really learned. You really think Tinubu is making the right decisions?

Tinubu is simply making the right decisions at the wrong time and wrong circumstance.

He has put the cart before the horse in those your so called moments of tough decisions.

1. He took out the fuel subsidy without venturing into a proper audit of the actual petrol quantity the government should be subsidizing.

2. He floated the naira without putting us in a position to have more goods for export than we have for import. Before china started devaluing their currency (which is equivalent to us floating) they had become one of the biggest world producers and exporters. So when they devalued their currencies, it favoured them *INSTANTLY*. not *BEFORE 4 YEARS TIME*
INSTANTLY.

3. This Floating of naira has favoured Nigerians abroad than it has favoured us here in Nigeria. Cos their Dollars and pounds has more purchase power of products here in Nigeria.
Their 1000dollars is now 1.5Million naira which can do quite more than what 500thousand naira could do for them when 1dollar was 500naira.


You get the drift?


The cost of dollar has trippled since Tinubu came in.
But most items have only doubled in cost here in Nigeria.
Meaning their Dollars can purchase most items more now In Nigeria than it used to before Tinubu?
And whats the Economic gain to us in that?
70% of us are poor and can't afford most of those items.

successmatters:


We need to give him more time. He may get things right in his second tenure.

When everybody for Nigeria don die finish

nairamaniac:
Tinubu"s corruption vehicle was running on freelane on Cruise-Control-Autopilot.

Spot on.

No Good can come out of evil.