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Nairaland Forum / Nairaland / General / Politics / Senate Panel Summons CBN Governor Cardoso Over Naira Free Fall (17783 Views)
Government Palliative Worsening Food Inflation - CBN Governor, Cardoso / My job, The Second Most Difficult on Earth - CBN Governor, Cardoso / Babachir Lawal: CBN Governor Cardoso Has Patch-Patch CV (2) (3) (4)
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Re: Senate Panel Summons CBN Governor Cardoso Over Naira Free Fall by omenka1: 6:40pm On Jan 31 |
:nothing meaningful will come out from the summoning, we know their way 1 Like |
Re: Senate Panel Summons CBN Governor Cardoso Over Naira Free Fall by jamafa: 6:40pm On Jan 31 |
Ykc2: You don't know anything, you only listen to what people say around you. Is the CBN governor a mechanical engineer?? Go do your research 1 Like |
Re: Senate Panel Summons CBN Governor Cardoso Over Naira Free Fall by studyless123: 6:44pm On Jan 31 |
Mcslize: Why have you guys turned this place to a beer parlor joint? Who told you he studied Mech Engr? Even if he did, at a point experience matters more. He's been in the banking/consulting field for years and that matters more than he studied in school. It's only in this country that you guys give paper unnecessary value. It's one of the reason that many graduates are unemployable. They don't have anything upstairs. 2 Likes |
Re: Senate Panel Summons CBN Governor Cardoso Over Naira Free Fall by onegig(m): 6:45pm On Jan 31 |
I honestly don't know what the Senate wants to do. Every single day we receive new information and should be able to look at our processes and see if what we were doing makes sense. We have been defending the naira since 2010 with FX and we have got nothing out of it. Every single person is worried about rising debt. The last administration racked up debt to about $150 billion. We largely have nothing to show for it. And lots of that went to subsidy payments and defending the naira. Would it be sane to be borrowing $ to defend an arbitrary rate of naira? We still have about $6bn outstanding that the CBN has not been able to clear. Oil production is almost at an all time low of 1.3million barrels so we don't even have excess crude funds to leverage on. So where exactly do they expect us to get funds to stem the tide? Asides food inflation that I am largely concerned about and wished we can quickly solve the bandits issues and secure a much more stable local source of food so swings in exchange doesn't affect food inflation. But asides that, there's no miracle to be performed. We have to cut our reckless spending and need for foreign goods and start looking inwards. We have been saying this for 20 years but never implemented it because of cheap dollars, maybe the increased exchange rates would actually force our hands to go back to the basics. You can't be a 200million population and import virtually ever single thing. 1 Like |
Re: Senate Panel Summons CBN Governor Cardoso Over Naira Free Fall by onuman: 6:47pm On Jan 31 |
Firebrigade. Did Nnamdi Kalu not tell us that Nigeria will become like Somalia? 1 Like |
Re: Senate Panel Summons CBN Governor Cardoso Over Naira Free Fall by favour32(m): 6:48pm On Jan 31 |
fearlessfang:You must be generous if you say May. End of February here. 2 Likes |
Re: Senate Panel Summons CBN Governor Cardoso Over Naira Free Fall by Honestey: 6:48pm On Jan 31 |
Senate: Why is naira on free fall? Cardoso: Is because Naira tumbled from top of Mt. Emefiele. Senate: When will it stop falling? Cardoso: When it hit the bottom of the Mountain. Senate: Is it going to bounce back? Cardoso: Is it a football? Senate: Tor e don finished |
Re: Senate Panel Summons CBN Governor Cardoso Over Naira Free Fall by loswhite(m): 6:48pm On Jan 31 |
EmperorCaesar:Obedient are responsible for the free fall of the naira..lol. foolish citizens. 2 Likes |
Re: Senate Panel Summons CBN Governor Cardoso Over Naira Free Fall by onuman: 6:52pm On Jan 31 |
What do they expect from summoning the CBN boss? Once these legislators become Abuja politicians, they begin to chase shadows regarding the problems of Nigeria. Nigeria is not manageable as one country due to the centrifugal forces acting on Nigeria. If these Abuja Politicians of one Nigeria get the heart like Oyibo in Europe, they will be talking about dividing Nigeria now. 4 Likes |
Re: Senate Panel Summons CBN Governor Cardoso Over Naira Free Fall by Mindlog: 6:53pm On Jan 31 |
Throwback: When you have constant electricity and locally produce more, then you can bring up detachment/ 1 Like |
Re: Senate Panel Summons CBN Governor Cardoso Over Naira Free Fall by yeshuasfootstep(m): 6:54pm On Jan 31 |
Summoning up and down. To have courage to make better laws to safeguard against all these, you people cannot do it. Laws on good balance of trade, laws against much dependence on Forex and so on can fix Forex issue while restructuring and decentralisation of security architecture will take care of security among others. But you people will be behaving like ostrich, summoning up and down as if it will solve any problem. Am beginning to think you people are doing this on purpose because you people do travel and see how things are being run. You all should remember that history beckons, and names of every public servant today will be discussed alongside millions that die out of bad governance. 1 Like |
Re: Senate Panel Summons CBN Governor Cardoso Over Naira Free Fall by Asiseeit: 6:54pm On Jan 31 |
JasonScoolari: 😂😂😂. I had to go Google his picture again. You're wicked. 2 Likes |
Re: Senate Panel Summons CBN Governor Cardoso Over Naira Free Fall by Calitoscassius(m): 6:54pm On Jan 31 |
fearlessfang:correct, by August or September it would hit 3000 , they can do what the heck they want, it wouldn't make any difference. Naigeria do not produce anything or export anything apart from oil, even the oil they are not exporting because they have left the oil refinery for one selfish businessman to run. 3 Likes 1 Share |
Re: Senate Panel Summons CBN Governor Cardoso Over Naira Free Fall by searchlight: 6:56pm On Jan 31 |
The ZOO thrived most economically when Igbos were in charge of her economy. Since skull miners feel that they know best let's see where they stir the ZOO to. Exclude igbos from the happenings in the ZOO and suffer the consequences. 1 Like 1 Share |
Re: Senate Panel Summons CBN Governor Cardoso Over Naira Free Fall by two12s: 6:56pm On Jan 31 |
Throwback: The way you agbadorians defend nonsense is pitiful, but one thing is certain, you would suffer and you would suffer good !! 3 Likes 1 Share |
Re: Senate Panel Summons CBN Governor Cardoso Over Naira Free Fall by toujurs: 6:56pm On Jan 31 |
Eye service. |
Re: Senate Panel Summons CBN Governor Cardoso Over Naira Free Fall by Chickensoup: 6:57pm On Jan 31 |
Wasn't it part of Tinubu's idea of suffer now and enjoy later. Wasn't it Tinubu's policy that made Naira nosedive. 2 Likes 1 Share |
Re: Senate Panel Summons CBN Governor Cardoso Over Naira Free Fall by kayusely70(m): 6:57pm On Jan 31 |
Elsueno:You've spoken very well and reasonably too! 2 Likes |
Re: Senate Panel Summons CBN Governor Cardoso Over Naira Free Fall by Calitoscassius(m): 6:58pm On Jan 31 |
They can summon the Buddah Gods or Chinese mongol it would not make a damm difference! I am not complaining I exchanged £3000 today at a mind boggling rate of £1 to 1900 naira. Yee! pee! 1 Like |
Re: Senate Panel Summons CBN Governor Cardoso Over Naira Free Fall by AngelicBeing: 6:59pm On Jan 31 |
gaby:l read the points you raised in your other thread, and l concur with your submissions 2 Likes |
Re: Senate Panel Summons CBN Governor Cardoso Over Naira Free Fall by fearlessfang: 7:00pm On Jan 31 |
Paramount01:Ofcourse I am happy. 1 Like |
Re: Senate Panel Summons CBN Governor Cardoso Over Naira Free Fall by Calitoscassius(m): 7:03pm On Jan 31 |
Atleast Naijeeria is not yet like Zimbabwe, but who knows? Hopefully Naigeeria might end up like Zimbabwe. |
Re: Senate Panel Summons CBN Governor Cardoso Over Naira Free Fall by fearlessfang: 7:03pm On Jan 31 |
Calitoscassius:Nigeria elected a senile geriatric resident as president with criminals manning top key positions and are expecting progress. They have not seen anything yet. This is just the preface. Let them keep being a coward. |
Re: Senate Panel Summons CBN Governor Cardoso Over Naira Free Fall by Calitoscassius(m): 7:06pm On Jan 31 |
fearlessfang:Ooo!! Yes! It will get worst, hopefully Naigeria will end up like Zimbabwe, Zimbabwe has since resorted to using US dollars as their own currency has no value anymore. 1 Like |
Re: Senate Panel Summons CBN Governor Cardoso Over Naira Free Fall by Neoteny7: 7:08pm On Jan 31 |
JasonScoolari: Especially smeagol from the horrible video game 3 Likes 1 Share
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Re: Senate Panel Summons CBN Governor Cardoso Over Naira Free Fall by Henrydata(m): 7:10pm On Jan 31 |
fearlessfang: It won't get to may. I am projecting March 1 Like |
Re: Senate Panel Summons CBN Governor Cardoso Over Naira Free Fall by BoldBrainz(m): 7:14pm On Jan 31 |
VeryWickedMan: Cardoso is shyte. Tinubu just wanted a "yes" man at the helm of affairs of the cbn, same way Emefi-ole was to Buhari. 1 Like |
Re: Senate Panel Summons CBN Governor Cardoso Over Naira Free Fall by BoldBrainz(m): 7:16pm On Jan 31 |
JasonScoolari: Joy, you have not..😂! Peace, you give not. Oh ye son of vawulence! 2 Likes 1 Share |
Re: Senate Panel Summons CBN Governor Cardoso Over Naira Free Fall by deewhydoski(m): 7:19pm On Jan 31 |
fearlessfang:All you these igbo self If I know this is how you guys will be behaving I wouldn't have voted obi self. Why bringing curse on the country, we are all in Nigeria, if you are praying for calamity on the country we will all suffer it together. We all buy in the same market. Why can't we strategize and win in 2027 instead of lamenting up and down 2 Likes |
Re: Senate Panel Summons CBN Governor Cardoso Over Naira Free Fall by cmikel: 7:21pm On Jan 31 |
NA STATISTICS WE GO CHOP? NOW YOU SEE HOW IT IS TO OPERATE BLINDLY WITHOUT DATA AND STATISTICS CLUELESSNESS IS THE CAUSE OF NAIRA FALL WHEN U APPOINT FRIENDS AND ALLIES TO SENSITI VE POSITIONS INSTEAD OF SEASONED TECHNOCRATES THAT IS THE RERSULT |
Re: Senate Panel Summons CBN Governor Cardoso Over Naira Free Fall by Yankee101: 7:22pm On Jan 31 |
Just sack him already Tinubu started it though probably with wale edun’s advice Tinubu was an error 1 Like |
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