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Nairaland Forum / Nairaland / General / Politics / Inflation Was Lower When CBN Governors Were Economists (22683 Views)
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Re: Inflation Was Lower When CBN Governors Were Economists by just2endowed: 6:49pm On Sep 28, 2023 |
ednut1: Because they only think of themselves. It was emefule that introduce all crazy charges to get the banks make billions of naira on sms and transfer chargers without doing the core function of banking service 2 Likes |
Re: Inflation Was Lower When CBN Governors Were Economists by Abdul4trust1(m): 6:53pm On Sep 28, 2023 |
VinnyBaba:just the way obi depends on yes daddy |
Re: Inflation Was Lower When CBN Governors Were Economists by Fujiyama: 6:53pm On Sep 28, 2023 |
Elsueno: ^^^ This is very true. |
Re: Inflation Was Lower When CBN Governors Were Economists by Hedonisco: 6:53pm On Sep 28, 2023 |
RepoMan007: In other words, your long grammar means that it doesn't matter who the CBN governor is. Even MC Oluomo or Portable Zazuu can be CBN governor, and what would determine how well his tenure goes at the end of the day is the extent of "demand vs supply" of forex, and other palangolo anything goes range of circumstantial factors. How stupid does this simplistic junk sound? 1 Like |
Re: Inflation Was Lower When CBN Governors Were Economists by Babastrong(m): 6:54pm On Sep 28, 2023 |
[quote author=DrGoodman post=126076822]Until mad people started voting for people with nepa bills as their certificates You all will suffer it, the Peter Obi you hate is not even suffering with you. He's somewhere counting his money, smiling with happiness at how useless a people can be. Next president after 8 years will be Atiku, he has to take his own turn na, he has suffered just like Tinubu and buharri, he will be compensated, while the sufferheads support them on empty stomachs [peter obi also presented nepa bill to inec. why couldn't he present his university certificate?] |
Re: Inflation Was Lower When CBN Governors Were Economists by Fujiyama: 6:56pm On Sep 28, 2023 |
discusant: ^^^ Not true. 1 Like |
Re: Inflation Was Lower When CBN Governors Were Economists by damble: 7:02pm On Sep 28, 2023 |
Kukutente23: I am sure he was referring to Joseph sanusi from ondo state. He was also a brilliant cbn governor |
Re: Inflation Was Lower When CBN Governors Were Economists by Kelvinofficial: 7:07pm On Sep 28, 2023 |
Time changes. Inflation is constant. And we now have more mouth to feed. No matter how you want to look at it, Long term, Nigeria needs people with balls, people that can take the fall, people like Emefiele that can take some risks. People that knows the importance of localization of economy and import substitution. We need to take outside the box approach. We donβt need people like IMF and the WB feeding us Stale economic jackshit! 1 Like 1 Share |
Re: Inflation Was Lower When CBN Governors Were Economists by seyenko(m): 7:08pm On Sep 28, 2023 |
How do you as a banker or finance manager understand macro economy? Not all Economists even understand macroeconomics. You have to be a specialist in Monetary Economics to be grounded in Fiscal and Monetary Policies. 001Lotion: |
Re: Inflation Was Lower When CBN Governors Were Economists by Kelvinofficial: 7:08pm On Sep 28, 2023 |
atinga1: Time changes. Inflation is constant. And we now have more mouth to feed. No matter how you want to look at it, Long term, Nigeria needs people with balls, people that can take the fall, people like Emefiele that can take some risks. People that knows the importance of localization of economy and import substitution. We need to take outside the box approach. We donβt need people like IMF and the WB feeding us Stale economic jackshit! 1 Like 1 Share |
Re: Inflation Was Lower When CBN Governors Were Economists by Fujiyama: 7:08pm On Sep 28, 2023 |
eitsei: ^^^ True. The US Federal Reserve Chair has degrees in politics and law. But he has a lot of experience in finance and banking - in both private and public sectors. He was made a member of the Reserve's Board in 2012. But there were a few questions raised about him being the right man for the job - because of his lack of advanced degrees in economics. Only time will tell how he performs. 2 Likes |
Re: Inflation Was Lower When CBN Governors Were Economists by barinedan(m): 7:12pm On Sep 28, 2023 |
Appointment into the office of cbn governor is now based on political party affiliation instead of competence. That's why we are suffering |
Re: Inflation Was Lower When CBN Governors Were Economists by ponishah: 7:15pm On Sep 28, 2023 |
001Lotion:How are those courses intertwined? They are all extracts from Economics |
Re: Inflation Was Lower When CBN Governors Were Economists by Fujiyama: 7:21pm On Sep 28, 2023 |
VeeVeeMyLuv: ^^^ All of them have doctorates in economics except Powell. Powell's degrees were in politics and law. |
Re: Inflation Was Lower When CBN Governors Were Economists by RepoMan007: 7:24pm On Sep 28, 2023 |
Hedonisco:You are interpreting it to the extreme in order to rubbish my point. MC oluomo may or may not make a good CBN governor. It depends on his grasp of the issues and how well he handles them with the available resources. Blaming him or anyone for te effect of unavailable or inadquate resources is what I am against. I am not an Akpu and Ofe bigot FYI. Neither am I an amala and gbegiri bigot. I am just saying it the way it is. Soludo doesn't have dollars in his village to meet the supply shortfall. These are circumstances well beyond the CBN governor. If Dangote fires his refinery and start bring in forex as well as reducing the need for forex, demand will drop drastically and supply will be boosted, that has little or almost nothing to do with the CBN gov. 1 Like |
Re: Inflation Was Lower When CBN Governors Were Economists by Fujiyama: 7:26pm On Sep 28, 2023 |
SmartyPants: ^^^ This is inaccurate. |
Re: Inflation Was Lower When CBN Governors Were Economists by TheBillyonaire: 7:28pm On Sep 28, 2023 |
Nigeria's Economy is a game board for FX traders and brokers. You can not win the banksters and traders and brokers, only a professional Economists with working knowledge of the system can beat the system, |
Re: Inflation Was Lower When CBN Governors Were Economists by MRMRMR: 7:28pm On Sep 28, 2023 |
DrGoodman:No body really hate Peter obi, it is the style of the obidient mob he created that attracted hatred to him |
Re: Inflation Was Lower When CBN Governors Were Economists by omohayek: 7:29pm On Sep 28, 2023 |
Fujiyama:Powell wouldn't have had a chance of being where he is today without Trump's misogyny pushing him to drive out Janet Yellen, who had been doing a superb job. It's still too early in the game to say whether Powell will succeed in overcoming the well-deserved scepticism he faced upon assuming the office. 2 Likes |
Re: Inflation Was Lower When CBN Governors Were Economists by RepoMan007: 7:32pm On Sep 28, 2023 |
Kelvinofficial:EEnefiele was doing the right thing then something entered his brains and he picked a form. He also implemented policies people believed was targeted at his political rivals at party level. The sensible thing to do was to support Dangote and substitute importation of petrol with local production. He was doing that until his naira mop up, disguised as redesign policy, turned ignorant majority against him. Tinubu needed a cheap fall guy and started deviating from a perfectly working plan because of cheap propaganda based politics. A big shame! 1 Like |
Re: Inflation Was Lower When CBN Governors Were Economists by jahsharon: 7:34pm On Sep 28, 2023 |
DrGoodman: I voted for Buhari. I am not mad, maybe your parents are. I am not suffering, maybe your parents are suffering |
Re: Inflation Was Lower When CBN Governors Were Economists by monerozi5590: 7:37pm On Sep 28, 2023 |
CSTRR: Very true. |
Re: Inflation Was Lower When CBN Governors Were Economists by quickee: 7:40pm On Sep 28, 2023 |
DrGoodman: Mad people indeed. People who have made covenant with poverty and suffering in their lives. When they give them 33k per month, they lose their brains and minds. Make dem go dey buy their own fuel for N200 per liter. 1 Like |
Re: Inflation Was Lower When CBN Governors Were Economists by Fujiyama: 7:41pm On Sep 28, 2023 |
omohayek: ^^^ You may have a point. It wouldn't come as a surprise if it wasn't just misogyny at play but politics as well. In Trumpworld those are two unforgiveable sins: a woman AND a Democrat? A pity really. 1 Like |
Re: Inflation Was Lower When CBN Governors Were Economists by TOPCRUISE(m): 7:44pm On Sep 28, 2023 |
It was reported that Sanusi even advised Emefiele to take certain steps to prevent inflation but he refused. Ever since APC came to power their deliberate attempt to put a non economist as CBN Governor butrees the fact that their plan is to run the economy auto pilot. 1 Like |
Re: Inflation Was Lower When CBN Governors Were Economists by Remii(m): 7:46pm On Sep 28, 2023 |
Sanusi is a Banker. What kept inflation down was huge cash forex balance and inflow. We lost most of that in recent years. 1 Like |
Re: Inflation Was Lower When CBN Governors Were Economists by Gajagojo: 7:52pm On Sep 28, 2023 |
Adamu Ciroma was not an economist |
Re: Inflation Was Lower When CBN Governors Were Economists by SmartyPants(m): 7:54pm On Sep 28, 2023 |
Fujiyama: You've not said anything. State your case with evidence. |
Re: Inflation Was Lower When CBN Governors Were Economists by Seun(m): 7:59pm On Sep 28, 2023 |
discusant:Sanusi was actually a sound economist and a good CBN governor, but he initiated the politicisation of CBN and this is what got him sacked and replaced by a voodoo economist slash banker who terrorised the country for 9 long and painful years, culminating in the naira redesign debacle. 6 Likes |
Re: Inflation Was Lower When CBN Governors Were Economists by 004gist: 8:00pm On Sep 28, 2023 |
001Lotion:you are wrong. do you go for a doctor that specialises in heart for liver disease? 1 Like |
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