Soludo no longer Soludoing

Ebubu:
White elephant project. This is not the need of Anambra state. This is supposed to be private sector driven. Government has no basis to be engaging in building hotels or recreation center. Is thriving landmark owned by govenrment? Some things are better left for private sector

Anambra's single lane and dilapidated, narrow roads need to be dualised. Tiny one lane roads yappa for Anambra state. And they're not even tidy .

In 2024, Nigeria is still flagging off bus terminals. Nigeria still living a world of 1970s. This should be a responsibility of the Local govt. Nigeria cant experience development unless they are fully independent

Dannupawa:
…COMMENDS WIKE’S CONCERN FOR RESIDENTS, ACHIEVEMENTS IN THE FCT

Obviously, you're unintelligent. Obi isn't in government. Thus, owes no one how he spends his money. Obi isn't in gov while the other is in govt.

tollyboy5:


If hypocrisy was a person lol

Kevineleven:

The man wants to earn more and he will, age is just a number, unless he is sick.
If you like settle for less, na you Sabi.

He will earn more and also spend more. Surprising, most think don't think of the expenses

SeniorGee:
Nope, I earned my yearly salary in 2weeks. If you're not lazy, you will make it. Nothing like menial jobs, there is dignity of labour here. Its challenging but you can do it...

Don't you also spend your 9ija yearly expenses in 2 weeks ?

Definitely an illiterate here

blamingthedevil:
God Bless President Bola Tinubu

Subsidy on Fuel gone✓
Forex Subsidy gone✓
Student Loan Ready ✓
Oronsanye Report implemented ✓
State Police✓
69% Increase in Revenue to three tiers of Govt✓
World Best Performing Capital Market ✓
World Best growth in GDP✓
2000 Tractors Per Year✓
Lagos Calabar Super Highway awarded ✓
Youth unemployment Benefits ✓
Porthacourt - Maiduguri Railway Ongoing ✓
Enugu-Onitsha almost Completed✓
Abuja - Kano Expressway ongoing ✓
Kaduna - Nigeria Railway Ongoing ✓
Third Mainland Bridge ✓
and thousands of projects

Tremendous effort? The misuse of words sometimes. Guess it make some have good stomach feelings. What has been BAT "tremendous" effort. I will understand if you only said with his effort without the use of the word "tremendous"

CoronaVirusPro:
Hunger will reset those employees.

30 days max! They will resume work by themselves.

Despite the tremendous efforts of His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR) in piloting the nation to greater heights, it is saddening that, the local institutions within the territory of Nigeria are sabotaging his efforts.

Very wrong. Debt to GDP has always been sold by the media but the most important is actually the debt to revenue

004gist:

our debt to GDP ratio is the smallest in the world... we can still borrow, there is no problem.

after all America is indebted in trillions of dollars finance minister under Buhari..



see their life

worst is that 70% of this money end up in private pocket

In the past seven years, Nigeria has seen minimal economic growth, averaging less than one percent annually. This slow growth is insufficient to keep up with the population increase, which is slightly over three percent. Furthermore, inflation is high, currently standing at 24 percent, making it one of the highest in Africa.

The Nigerian Naira has faced persistent depreciation, with a nearly 75 percent depreciation in 2023 alone. This depreciation puts pressure on local prices, particularly in light of subsidy and foreign exchange reforms, contributing to inflation.
Both businesses and individuals have suffered due to the poor economic conditions, leading to a decline in the quality of life for Nigerians. Businesses are grappling with mounting foreign exchange losses, which are eating into their profit margins. For example, Airtel Africa reported substantial losses of $151 million due to currency devaluation.

The current state of Nigeria's economy has raised questions about the backgrounds and performances of its central bank governors, both past and present. According to research from Cambridge, 83 percent of central bank governors globally hold at least a degree in economics, with only 47 percent holding Ph.Ds in Economics. In Nigeria's case, 50 percent of its governors have had a background in economics, either holding degrees and/or advanced degrees in the subject or having worked as economists.

Among Nigeria's past governors, only Dr. Clem Isong and Prof. Chukwuma Soludo held Ph.Ds in Economics. They are widely regarded as having had the best performances in terms of managing key economic indicators during their tenures. Dr. Isong's achievements were honored with his portrait appearing on Nigeria's N1000 currency note in 2005, three decades after his tenure.

Examining the career paths of these governors, six of them began their careers at the Central Bank of Nigeria (CBN) or spent several years working at the CBN before becoming governors. In contrast, three governors previously served as Managing Directors of banks, and only Chukwuma Soludo did not fall into either category.

Notably, over the past 19 years, none of the appointed CBN Governors who served full terms came from within the CBN system; they were all appointed from outside. This marks a departure from the historical practice, as only Joseph Sanusi, during Nigeria's democratic dispensation starting in 1999, rose through the ranks from within the CBN.

During the tenure of CBN Governor Godwin Emefiele, Nigeria witnessed one of the most severe depreciations of the Naira against the US dollar in the official foreign exchange market since the country's return to democratic rule.

These challenges and criticisms during Emefiele's tenure highlight the complexities and expectations associated with leading the Central Bank of Nigeria, particularly during a period of economic volatility and currency depreciation. The appointment of a non-economist and non-central banker to such a critical role brought both scrutiny and questions about the direction and effectiveness of monetary policy during his tenure.

Critics of the past leadership at the Central Bank of Nigeria (CBN) have highlighted the absence of economists in leadership roles as a factor in some of the controversial decisions made in recent years. This is reflected in policies that have led to divergence between CBN rates, Open Market Operations (OMO) rates, and Monetary Policy Committee (MPC) rates, creating an unconventional mix compared to the norms in many countries.

The composition of the Monetary Policy Committee (MPC) is a critical aspect of central bank decision-making. The MPC typically includes the central bank governor as the chairman, the four deputy governors of the bank, two members of the bank's board of directors, three members appointed by the president, and two members appointed by the governor.

Independent members of the committee are expected to provide a balanced perspective during votes on key policy decisions. However, in a committee where more than half of the members with voting powers are part of the central bank's management team who often have backgrounds in commercial banking, there can be concerns about the independence and objectivity of monetary policy decisions.

Dr. Olayemi Cardoso's nomination for the role of Governor of the Central Bank of Nigeria (CBN) has raised questions about his potential policy direction, given that he is not as publicly visible as some other economists. However, there are certain aspects of his background that provide insights into what his approach might be.

Dr. Cardoso has a diverse background, with experience in both the private and public sector as a former Commissioner of Budget and Economic Planning. This combination of private and public sector experience could provide him with a strong understanding of macroeconomics, making him, in a sense, an economist by experience.

In summary, the success of his tenure will likely depend on his ability to operate independently and execute policies that align with the central bank's mandates. Additionally, defining and measuring performance targets for the central bank governor could enhance accountability and transparency in evaluating their performance.

The governor’s background of an Economist by experience can’t be seen with most of the deputy governors. Central banking is about macroeconomics, not just banking. I don't think it's a fluke that the periods when Nigeria's Central Bank supported growth the most were the periods when we had 2 economists as Central Bank Governor.

It seems that in Nigeria, we have a tendency to equate commercial banking with central banking. However, this couldn’t be further from the truth. Someone does not comprehend monetary policy or the promotion of macroeconomic growth simply because he is connected enough to mobilise deposits at lower interest rates and turn these deposits into loans at higher interest rates. A commercial banker serving as CBN deputy Governor would also have the potential for divided loyalty when regulating commercial banks or his former employers.

Finally, I believe the most important task for the new CBN governor will be to resolve Nigeria’s foreign exchange (FX) harmonisation and to restore better functioning to the Investors and Exporters (I&E) window.
Nonetheless, it is essential that Nigeria does proceed with FX reforms as well as Cleaning up the CBN’s balance sheet to the extent to which it got involved in lending in the economy will also be key.

The above objective will require a Central Bank governor that has a high qualification level predominantly in economics, an insider experience associated with the prevalence of central banking, thorough understanding of monetary economics as well as work towards a better collaboration between the fiscal and monetary authorities.

Mods please move to FP. @Seun @ednut1

How?

saintbillion:

We senior them na. We're the giant of Africa

Empty headed Ngozi?? Mos def you're not okay

Ofemmanu1:


ADEYEMO..
Omo Oodua, Omo Amala ati Ewedu..

no be empty-bloated Ngozi.

US govt is really Impressed with Jagaban.

Dubai Govt sef no carry last, everyone wan associate with Jagaban.

The future is green for Nigeria and Nigerians.

All enemies of Nigeria can go to hell.

I understand the Chief of Staff is quite an influential position but its wrong to say he's the No.4 man. Where's the Senate President, Speaker of House of Rep and their deputies even the Chief Justice of Federation. These are elective positions are more important than the Chief of Staff

Islie:


https://sunnewsonline.com/fresh-revelation-on-why-tinubu-made-gbajabiamila-cos/

What has he delivered? Not sure you know the meaning of "delivering"

AllenSpencer:
Asiwaju is always delivering!

He has perfected ways to always win!

The process of sales and the dynamics of the market is the problem . Despite PHCN sale, the govt still hold 40% in discos thus the private investors were not free to make significant decisions without the govt input.

GeneralPula:

I’m just concerned about that will it help matters?

Nepa was sold. Was there any significant change since then?

120k excluding weekends. Does he work all weekends? Its not healthy to assume he works everyday. If he does he might use the money he makes to take care of himself.

If he makes 120k, abeg use the money to partly learn a very a marketable skill within 1 year. After this step, you can continue with side job on the side with the 120k. Then you can evfen decide to marry because your situation will very likely change in the future because of the skill

NB: Marketable skill is relative. Look at verifiable website to find out what people are looking for. Go to Coursera and Udemy and the rest will be history

izonborn098:
180k monthly is a good cash to start family'' but nigeria economy is not stable and the most important part is' this woman you are about settle down with does she has the understanding' patience and also know the importance of marriage..
If i were u and maybe if you are under 30' i would have use another 1 to 3years to save some money so that you can use the cash to setup another business and add that one to ur present salary' by so doing you will have confident in ur dealing...
Another important factor is ur location e.g house rent and other basic things you buy everyday for survival' do you think your income will withstand such plus another person... For now you are single and you have the chance to create more opportunities for urself...
Marriage is a life time journey so you need to be good in your calculations...
If people who drive taxi and keke can settle down'' you can also will.. Life no too hard when there is understanding..

Nigeria will struggle to develop and grow at the grassroot level until local government become truly independent

madridguy:
The best coup that can happen in Nigeria is we the citizen against the rulling class.

Gen. Sanni Abacha is dead but till today Nigeria is still going around to bring back his loot kept in different part of the world.

We Nigerians, our first mission must be against our states governors. These people are our biggest obstacles to our development. We Nigerians must wrestle the local governments full autonomy away from the states governors.

How can Nigeria be having coaching issues with its senior male and female teams at the same time. Speaks so much about the management

robosky02:




https://dailypost.ng/2023/08/29/concerns-mount-over-super-eagles-next-head-coach/

Nigeria can never develop and grow until the local government which is closer to the people is given the independence expected

Omooba77:


https://punchng.com/abiodun-diverted-ogun-lgs-allocations-n10-8bn-bailout-council-boss-alleges/

GDP per capita indicates standard of living of a country better because it considers the population. Not merely mentioning the total GDP value

EKONGKING:


India GDP is 3.7 trillion and Singapore GDP Is 350 billion , many states in India have higher GDP than Singapore and using ur anology are richer than Singapore.

So where would u migrate , India or Singapore .

Its not about size but productivity. Nigeria is around 8 times bigger than UK

itsme01:



Rwanda is like Oyo State or Niger State in size

With $11bn, many Nigerian states are richer than Rwanda


.

Know anyone that has applied for the Innovation Founder Visa??

....

mayo47:
Hello All,

I intend travelling to Nigeria sometime in November for 2 weeks. My passport is valid till January 2024. Thus, i will be returning before my passport expires. Any idea if this might be an issues returning at the border either from Nigeria or gaining entry at the airport. I have my BRP with leave to remain till 31st Dec 2024

For my passport, i already have a date in October for application at the embassy in London.

Dont say what you dont know. Singapore isnt a 3rd world country but one of the most developed countries

Racoon:
See a whole Singapore-a fellow third world country ranking first in the global aviation hub, but Nigeria has not even producing a matchstick in its 63 years of miserable existence plagues by all manners of problems. From corruption, to ethno-religious supremacist violence, grossly incompetent, corrupt
& wicked leadership

Meanwhile, while the world is making progress in this hub of economic investment and global travel, Nigeria government is shamelessly lying, scamming and defrauding it citizens and country with a fraudulent national carrier built on foundation of lies and propaganda

Will you allow a non-practicing doctor carry out a surgery on you??

Femmyfamous4u:


He has Bsc and MSc in Economics. He is qualified for the position.

Hello All,

I intend travelling to Nigeria sometime in November for 2 weeks. My passport is valid till January 2024. Thus, i will be returning before my passport expires. Any idea if this might be an issues returning at the border either from Nigeria or gaining entry at the airport. I have my BRP with leave to remain till 31st Dec 2024

For my passport, i already have a date in October for application at the embassy in London.

The truth is there's no strength in only having a large population of people but having a large population of "quality educated people"

NB: Not educated in Nigeria context because Nigeria educational system is dead

post=125152819:

A whole country is less than 500K in population.
And just 1 Local Government in Nigeria out of all the 774 LG have more than a million people!!!

May we be lifted up to the GIANT OF AFRICA we are being called
Our population and diversity should be out strength,
As we see in China,
But alas...hatred, bitterness and foolishness is driving us back.
One day, we will get there as a nation.
#Sigh!

Lies on Reno write up. Debt forgiveness was entirely as a result of Okonjo Iweala goodwill and network. She was appointed by Obasanjo.

2nd lie. What city did Tinubu build from scratch? When did he build a port?

Goodvibes007:

https://twitter.com/renoomokri/status/1683039286306779137?t=fCLNicSQIekdR9KeS1OfIw&s=19

APC doesn't even have the structure it claims to have....Why is the president the one choosing the Chairman? What happened to the Board of trustees? And other members of the NEC?

dre11:
…Choice of APC chairman creates ripples in APC

…President torn between Ganduje and Al-Makura



https://www.vanguardngr.com/2023/07/tinubu-hugs-deadline-replaces-4-names-on-ministerial-list/

Well suffer never hit your head well enough

Acekidc4:
You know one thing is sure about this Peter Obi, he is a good Opposition, he is playing the opposition role well but in reality he should forget about becoming President here in Nigeria. Surely he will be a good President of Biafra Republic but not Nigeria.






PATRON

Pls how does the UK gains way more from Africa’s natural resources annually? I noticed you mentioned Shell earlier.....Is Shell owned by the UK govt?

kwakudtraveller:

Imagine calling people’s view on neocolonialism nonsense just to sound politically correct. The UK gains way more from Africa’s natural resources annually than the change they give in the guise of "aid". Na our leaders I blame, if they didn’t mess up the country to the point where we all had to run to another land for "greener" pastures, we wouldn’t be having this conversation where people see opposing views as faux activism. When some of you are done jocking the people who were actually born here, remember that your passport is still green, you are still black and changes in immigration policies still affect you regardless of your visa status.

I think the race discussed here is the Nigerian race and not the generic "black" race. However, despite the mention of the word "black", an invention of a black man raised in America or Europe is mostly a function of the society and system which he helped propel his/her invention which such system doesnt exist in countries like Nigeria. I don't think the crux of the conversation should be about the "race" of the innovator but more on the system and society.

kwakudtraveller:

What in the world are you even talking about. A LOT of inventions came about from black people. Including great medical discoveries by NIGERIANS who have made discoveries on Cancer and Diabetes. There’s a whole movie about a Nigerian doctor Bennet Omalu who inspired the movie Concussion. If you are too lazy to google, here are some inventions by black people.

https://dailyhive.com/seattle/inventions-by-black-people

STOP TALKING DOWN ON YOUR RACE! It’s ridiculous and continues to purport the narrative that black people are not good for anything. I can’t believe I’m educating another black person on the value that we bring as a race and he’s saying that I’m adding emotions to it. Do better

Pls when was Africa the shining light of civilisation?

dustydee:

This thread has been turned to a "black race" bashing thread. Truely if people do not know theier history then they are lost[b]. Imagine when Africa was the shining light of civilisation[/b], if the caucasians who came and saw the level of development and "technology" simply sat back and said their race was inferior to the black race, perhaps they will be in a similar situation like we are in now. STOP LOOKING DOWN ON THE BLACK RACE. If you feel inferior, please speak for yourself and stop generalising. Thank you.