visionsen:
Mr. Edu should work with the recently appointed monetary committee then let's see how it goes.

inoki247:
Lol everything looks good on paper until you try them and it worked...


Nigerians are different breed that only wants to milk the loopholes of every policy...

EleventhWeirdo:


Who cares about the opinions of some 1p0b ragtags, for whom democracy is only valid when it's in their favor? 7 yrs and 4 months left to cry

Seun:

https://www.youtube.com/watch?v=hNf97-hy7Gw

successmatters:
Wale Edun is only groping in the dark, wallowing in confusion.

For me, I don't expect much from anyone who is brazen enough to steal power, no good policies can come from a fraudulent mandate, a cursed administration and a soiled national image.

Brace up people, they will promise too much but their past is still pursuing them.

7 and half more years.

EleventhWeirdo:
ote author=successmatters post=128620892]

Ebin kpaawao

Na dat ebi go kpai you, 1p0b 0beeengo

stano2:
Emiefiele Policy if done with 100% transparency will really help.
Mop up the excess Naira circulating

successmatters:
Wale Edun is only groping in the dark, wallowing in confusion.

For me, I don't expect much from anyone who is brazen enough to steal power, no good policies can come from a fraudulent mandate, a cursed administration and a soiled national image.

Brace up people, they will promise too much but their past is still pursuing them.

7 and half more years.

visionsen:
Mr. Edu should work with the recently appointed monetary committee then let's see how it goes.

successmatters:
Wale Edun is only groping in the dark, wallowing in confusion.

For me, I don't expect much from anyone who is brazen enough to steal power, no good policies can come from a fraudulent mandate, a cursed administration and a soiled national image.

Brace up people, they will promise too much but their past is still pursuing them.

7 and half more years.

nedekid:
I did not watch the video, but I think this fellow is over his head. There is a difference between working as a tax collector in a state with excess revenue (yet plunging it in debt), compared to managing a country with scarce resources.
Oga at the top should have put someone like Akinwumi Ambode, he certainly would do better than this current fellow. It is on record ambode is was the only governor of any western state that never added debt while heavily performing.

Seun:

https://www.youtube.com/watch?v=hNf97-hy7Gw

Our Finance Minister, Mr. Wale Edun, who is responsible for fiscal policy, appeared on ChannelsTV to share his plans to improve the Nigerian economy:

1) Giveaways. He spent half of his time talking about giveaways. He feels most of the excess naira in circulation has gone to the rich, so he wants to share more excess naira with the poor as well. 🤐

2) To plug revenue leakages by channelling all revenue directly to the FG and disbursing expenditures directly to intended recipients without intermediaries who might embezzle the money. ✔️

3) To increase tax collection by 70% this year without increasing tax rates and eliminating some types of tax that are unnecessary. ✔️

4) He want to pay back Ways & Means by looking for new sources of revenue. I felt that his explanation of how that would be achieved was vague. It's unlikely to happen after CBN's data showed an increase in W&M. ❌

5) Collaborating with CBN by increasing interest rates to attract FPI. I find this to be short-sighted if attracting hot money is the perceived benefit of raising interest rates and not the reduction of inflation, & FDI. Also, our real interest rates are still negative, so how will this work? ❌

Overall, Mr Edun has some decent ideas but his overall plan is inadequate to solve our problems.

I recommend inviting the economists who spoke at Proshare's Economist Conference to Abuja for a retreat where they can help him to develop a comprehensive plan that might actually work.

stano2:
Emiefiele Policy if done with 100% transparency will really help.
Mop up the excess Naira circulating

stano2:
Emiefiele Policy if done with 100% transparency will really help.
Mop up the excess Naira circulating