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Nairaland Forum / Nairaland / General / Politics / We Have No Money To Defend The Naira - Reno Omokri (21131 Views)
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Re: We Have No Money To Defend The Naira - Reno Omokri by CORRECTMAN78(m): 5:59pm On Oct 22, 2023 |
The Oluore certificate criminal is trying hard to divert the attention of Nigerians. Trust me, he's speaking to the Reno Mockery man |
Re: We Have No Money To Defend The Naira - Reno Omokri by dejol88: 6:02pm On Oct 22, 2023 |
Who advised Nigerians to vote Buhari? Is it not same tinubu? Reno omokri your head is paining you! 2 Likes |
Re: We Have No Money To Defend The Naira - Reno Omokri by steeltrust: 6:08pm On Oct 22, 2023 |
Abagworo:guess what they re charging emefiele for Gun position not even corruption case Nigeria is a joke 😂🤣😅 |
Re: We Have No Money To Defend The Naira - Reno Omokri by stasius: 6:08pm On Oct 22, 2023 |
Reno mechie ọnụ nsị gị! |
Re: We Have No Money To Defend The Naira - Reno Omokri by grandstar(m): 6:09pm On Oct 22, 2023 |
The government can not open up because APC cannot expose APC. So true. There's so much opacity. Even if there are no Dollars, the CBN should start by laying a new foundation by increasing interest rates to around 25% to kill inflation. It will also strengthen the Naira. So, all along, Godwin Emefiele had been lying through his teeth about the size of the foreign reserves. I doubt he ever went below $30bn inside it. It is actually less than $4bn, which is less than a months import cover, rather than the recommended minimum of 3 months. 1 Like |
Re: We Have No Money To Defend The Naira - Reno Omokri by Kukutente23: 6:15pm On Oct 22, 2023 |
seunmsg:I can bet two cents Reno was paid by some APC guys to write this |
Re: We Have No Money To Defend The Naira - Reno Omokri by Kukutente23: 6:16pm On Oct 22, 2023 |
grandstar:Lol. APC apologists have picked it up |
Re: We Have No Money To Defend The Naira - Reno Omokri by Gajagojo: 6:17pm On Oct 22, 2023 |
grandstar: You clearly have no clue what you are talking about Interest rate has no impact on inflation in Nigeria We have no consumer credit or mortgage system If a business is borrowing at 25% how much profit will they make In short you are say shut down the economy Because it is mostly businesses that borrow Inflation in Nigeria is largely a function on dollar exchange rate not interest rate What you are suggesting is crazy and stupid We need to target credit at critical sectors If our industries borrow at 25%_ in a globalised world how can they ever hope to compete against imports from countries with 5% interest or even subsidies like agriculture in the EU, USA,CHINA WE cannot have any agriculture with 25% interest 3 Likes |
Re: We Have No Money To Defend The Naira - Reno Omokri by Finest2000: 6:19pm On Oct 22, 2023 |
Why are you complaining, Is it not fellow Nigerian s dat allowed him there |
Re: We Have No Money To Defend The Naira - Reno Omokri by IbeOkehie: 6:20pm On Oct 22, 2023 |
Danegun777: dejol88: That's a painful truth few want to talk about. Tribal loyalty...raw and primal tribalism, is the most important driver of the political economy in every country. It's very difficult for most humans to think beyond that. Good Luck to Nigeria!!! |
Re: We Have No Money To Defend The Naira - Reno Omokri by kettykin: 6:21pm On Oct 22, 2023 |
But you have money to waste in New York hotels , casinos and strip bars during the UN general assembly meeting , someone should tell me another story. |
Re: We Have No Money To Defend The Naira - Reno Omokri by Whatisurproblem(m): 6:23pm On Oct 22, 2023 |
Ever8090:you nailed it. God bless you abundantly 1 Like |
Re: We Have No Money To Defend The Naira - Reno Omokri by grandstar(m): 6:28pm On Oct 22, 2023 |
Revolution2022: What he is saying is the fact. Though there's no forex, government can begin to lay a new foundation for a fat foreign reserve by increasing interest rates to around 25% to kill inflation. The next is an IMF loan to get the needed Dollars 1 Like 1 Share |
Re: We Have No Money To Defend The Naira - Reno Omokri by MikArib: 6:32pm On Oct 22, 2023 |
I don't even know where this guy belong |
Re: We Have No Money To Defend The Naira - Reno Omokri by complexstuffs(m): 6:33pm On Oct 22, 2023 |
Revolution2022: He doesn't have to be the CBN governor to speak the truth 1 Like |
Re: We Have No Money To Defend The Naira - Reno Omokri by Sniper101(m): 6:35pm On Oct 22, 2023 |
Truly "APC cannot expose APC". For the first time this year, Reno has talked sense. |
Re: We Have No Money To Defend The Naira - Reno Omokri by Afonja007: 6:35pm On Oct 22, 2023 |
Ever8090:oga richest country in the world before or now? |
Re: We Have No Money To Defend The Naira - Reno Omokri by lexy2014: 6:36pm On Oct 22, 2023 |
Abagworo: how was reducing liquidity the solution to Nigerias economic problems? before buhari printed so much money as u claim, why didnt Emefiele tell him the implication of the printing? was the printing of money the reason for the liquidity that emefiele wanted to reduce? can you pls explain what u mean by "deflation policy"? how will the cashless policy have improved the economy? |
Re: We Have No Money To Defend The Naira - Reno Omokri by complexstuffs(m): 6:36pm On Oct 22, 2023 |
Abagworo: The IIGB0 brain is far too inferior and not capable of governance. Even though I do not blame them for their inferior brain as that is how they were created. 1 Like |
Re: We Have No Money To Defend The Naira - Reno Omokri by dangwarmai(m): 6:39pm On Oct 22, 2023 |
WHERE IS THE SUBSIDY REMOVED? THE DAY NIGERIANS WILL REACT YOU WILL HAVE NOWHERE TO GO. ALL OF US GO DIE HERE! 1 Like |
Re: We Have No Money To Defend The Naira - Reno Omokri by bhella10: 6:42pm On Oct 22, 2023 |
Abagworo:True. But show us any economy striving in the East where an Igbo man is a governor? 1 Like |
Re: We Have No Money To Defend The Naira - Reno Omokri by tctrills: 6:51pm On Oct 22, 2023 |
Danegun777:The people need jobs, food, safety, and a system that works for them and not more economics classes. |
Re: We Have No Money To Defend The Naira - Reno Omokri by MEGAWATCH: 6:51pm On Oct 22, 2023 |
Ikaeniyan0: Anybody who is in opposition with your argument, if he is from the north is a BOKO HARAM sponsor and if from the east is an IPOB still most of you in the south are so afraid to hear NIGERIA braking up. I believe Hypocrisy reigns so much in your region. |
Re: We Have No Money To Defend The Naira - Reno Omokri by TemmyT002(m): 6:57pm On Oct 22, 2023 |
Yet, this rascal saw someone who can revive Nigeria, same person he once praised repeatedly, yet, he is supporting someone else. Weirdo |
Re: We Have No Money To Defend The Naira - Reno Omokri by Blackdisciple(m): 7:07pm On Oct 22, 2023 |
What is he saying.. Last I checked his boss left office since 2015 |
Re: We Have No Money To Defend The Naira - Reno Omokri by achi4u(m): 7:11pm On Oct 22, 2023 |
Abagworo:guy you still dey? Have a great moment. |
Re: We Have No Money To Defend The Naira - Reno Omokri by Gentlevip: 7:16pm On Oct 22, 2023 |
Buhari is still a pain to some. They don't know how to vent their anger. Everything is Buhari. Whether na Jonathan or Tinubu misbehave. Na Buhari. Hhhhhhh |
Re: We Have No Money To Defend The Naira - Reno Omokri by Hassanmaye(m): 7:17pm On Oct 22, 2023 |
Ikaeniyan0:Haha |
Re: We Have No Money To Defend The Naira - Reno Omokri by Starz825(m): 7:21pm On Oct 22, 2023 |
Abagworo: I used to think like you bro Nigeria redemption don pass all these igbo ethnic group......even peter obi can't solve shit if he comes on board, ..... na God only fit descend on all these our politicians... until we divide wey go make us fit re arrange ...na God hand we dey |
Re: We Have No Money To Defend The Naira - Reno Omokri by searchlight: 7:24pm On Oct 22, 2023 |
Ikaeniyan0:Yeah but then you will die before that 8 years. |
Re: We Have No Money To Defend The Naira - Reno Omokri by IbeOkehie: 7:31pm On Oct 22, 2023 |
tctrills: This attitude is one of the reasons Nigeria has become a Zoo. Nigerians have a deep disdain for systematic, applied knowledge. It's not just economics, whether construction of buildings and roads or fixing cars, electing good governments or performing surgical or medical procedures, it's difficult to find a Nigerian who will take the time to learn and apply proper technique. They just want the OUTCOME and BENEFIT without any stress on HOW it's done. So we get low quality output everywhere, it's so bad Nigerians will look at a PROVEN METHOD of accomplishing something and find it fit to argue why it's wrong. Their argument is always "na book we go chop? No be class we dey do here". When they're lucky enough to get a good result from a flawed method, they just hold onto that path and claim it as God's work, that they're favored. The basic reason Nigeria has descended into a state of anomie is clear. It's THE PEOPLE. Good Luck to Nigeria. 2 Likes |
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