Reading…

RepoMan007:
Cardoso is a victim of politicization of appraisal of CBN performance.
The performances of all CBN governors has historically correlated with the petrol dollar availability. To me, Emefiele was the only guy who performed beyond the level of available petrodollar in his time. All other governors of the CBN were simply lucky to have the dollar available.
Not one of them influenced inflow of dollar in any significant way. Cardoso's case is agrevated by what Emefiele and Buhari did with loans and cash in circulation. They created a huge problem by spending out of recession and into crippling debt that eats revenue.

Tinubu and Cardoso created this problem. No one else did.

You need to read the below submissions of Farooq as regards Cardoso to realize that he lacks what it takes to handle such an office.


"On Friday, I watched Cardoso’s meeting with the senate where he couldn’t answer questions from senators without reading from a prepared script. "I object to this!” a senator yelled in response to Cardoso’s lifeless regurgitation of a prepared speech he obviously didn’t understand. “Let him go back and answer the question!"

Anyone who can’t respond to a question without reading a prepared text obviously has no understanding of what he is talking about. Albert Einstein famously said, “if you can't explain it simply then you don't understand it well enough." Cardoso’s case is even worse. He can’t explain it at all. It explains why the economy is in a mess and the naira is in a worse shape than it has ever been.

Cardoso’s most important qualification for the job appears to be that he was Economic Planning and Budget commissioner in Lagos when Tinubu was governor, but the job seems to be above his intellectual and experiential paygrade.

I know of no CBN governor in my lifetime (until Cardoso) who couldn’t articulate economic policies effortlessly. Even Godwin Emefiele had no difficulty defending his policies. You may question his competence or disagree with his policies, but he could at least clearly formulate thoughts about what he was doing. Cardoso gives me the jitters. Nigeria is in way worse trouble than it realizes with an airhead like that as CBN governor."

Bobloco:


Tinubu and Cardoso created this problem. No one else did.

You need to read the below submissions of Farooq as regards Cardoso to realize that he lacks what it takes to handle such an office.


"On Friday, I watched Cardoso’s meeting with the senate where he couldn’t answer questions from senators without reading from a prepared script. "I object to this!” a senator yelled in response to Cardoso’s lifeless regurgitation of a prepared speech he obviously didn’t understand. “Let him go back and answer the question!"

Anyone who can’t respond to a question without reading a prepared text obviously has no understanding of what he is talking about. Albert Einstein famously said, “if you can't explain it simply then you don't understand it well enough." Cardoso’s case is even worse. He can’t explain it at all. It explains why the economy is in a mess and the naira is in a worse shape than it has ever been.

Cardoso’s most important qualification for the job appears to be that he was Economic Planning and Budget commissioner in Lagos when Tinubu was governor, but the job seems to be above his intellectual and experiential paygrade.

I know of no CBN governor in my lifetime (until Cardoso) who couldn’t articulate economic policies effortlessly. Even Godwin Emefiele had no difficulty defending his policies. You may question his competence or disagree with his policies, but he could at least clearly formulate thoughts about what he was doing. Cardoso gives me the jitters. Nigeria is in way worse trouble than it realizes with an airhead like that as CBN governor."

You have your point but it doesn't change mine. Been hari spent future dollars and that meant future lack and devalue of naira. Cardoso stepped into it irrespective of his inability to recite textbook jargons like past CBN govs.

This administration is absolutely clueless. The president should resign.

Racoon:
Buhari is lucky to benefit from abdication syndrome in Muslim northern Nigeria. When he increased petrol prices by a steep margin in 2016, for instance, there were protests in Kano, Bauchi, and other places in SUPPORT of the increase and AGAINST people who planned to protest the increase. Nigeria had never seen anything like that before.

Buhari is a political cult leader with a firm grip on his followers who worship him and surrender responsibility for their lives over to him. Tinubu has no such appeal. Tinubu not only does not have the benefit of abdication syndrome anywhere in Nigeria.

He has the misfortune of having to contend with a peculiar character of Muslim northern Nigeria: we feel the pain of, and react violently to, bad policies only when the policies are hatched and executed by people who have no filiation with our natal region.It’s no surprise that the hunger protests against the Tinubu administration started from and spread in the North.

Tribalism(ethnic, region, religion) kills, incapacitates and destroys a nation.

And he openly put it in his article the kind of hypocrisy we see in Nigeria


If we must succede as a Nation
We must eschew this retrogressive mindset

That's how Jonathan that was still doing a bit better, was sacked based on this primordial sentiments


Doesn't speak well of Nigeria as a Nation that wants to succeed

Omo Alarm dey oh

When he increased petrol prices by a steep margin in 2016, for instance, there were protests in Kano, Bauchi, and other places in SUPPORT of the increase and AGAINST people who planned to protest the increase. Nigeria had never seen anything like that before.

Spot on👍👏🙌
Nig urgently needs a SANE AND SOUND LEADER!

Kukutenla:
The north are hypocrites. And that is why Nigeria is not a country. To claim Buhari got away with murder because of cult followership is to deodorise the pungent tribal and religious fundamentalism that's at the base of his followership. Most of Buhari's followers in the CPC they formed are clueless, dumb and sectional. Just check out their performance as ministers and heads of agencies.
The only appeal they had in the north was based on tribal and religious ideology and not any superior group interest.

It is also disheartening that after the maladministration CBN went through under Buhari and Emefiele is lackey, Tinubu couldn't get a better fit for the job of repositioning such a critical institution. What's worse is his elevation of CBN above NNPCL which has fared better previously in terms of audit and compliance.
However, it is obvious Cardoso is not running a one man show. He's under the tutelage of Edun. So it's more like the voice of Cardoso but the hands of Edun. And this is not to say I agree with Kperoogi's assessment of him

I'm sure you know the coordinating minister of economy is in charge of economic policies while cardoso is in charge of monetary policies?

slivertongue:
Cardoso gives me the jitters. Nigeria is in way worse trouble than it realizes with an airhead like that as CBN governor.

Honestly, this is the worst of it all

Bobloco:


Tinubu and Cardoso created this problem. No one else did.

You need to read the below submissions of Farooq as regards Cardoso to realize that he lacks what it takes to handle such an office.


"On Friday, I watched Cardoso’s meeting with the senate where he couldn’t answer questions from senators without reading from a prepared script. "I object to this!” a senator yelled in response to Cardoso’s lifeless regurgitation of a prepared speech he obviously didn’t understand. “Let him go back and answer the question!"

Anyone who can’t respond to a question without reading a prepared text obviously has no understanding of what he is talking about. Albert Einstein famously said, “if you can't explain it simply then you don't understand it well enough." Cardoso’s case is even worse. He can’t explain it at all. It explains why the economy is in a mess and the naira is in a worse shape than it has ever been.

Cardoso’s most important qualification for the job appears to be that he was Economic Planning and Budget commissioner in Lagos when Tinubu was governor, but the job seems to be above his intellectual and experiential paygrade.

I know of no CBN governor in my lifetime (until Cardoso) who couldn’t articulate economic policies effortlessly. Even Godwin Emefiele had no difficulty defending his policies. You may question his competence or disagree with his policies, but he could at least clearly formulate thoughts about what he was doing. Cardoso gives me the jitters. Nigeria is in way worse trouble than it realizes with an airhead like that as CBN governor."

Rubbish submission by a text book professor whose stock in trade is to criticize others but has no record of running any organization.

DatNiggaDaz:
Abeg lower the volume.

Stop giving dem clue what will soon happen in Lagos

Toll gate logjam

Winning123:


Rubbish submission by a text book professor whose stock in trade is to criticize others but has no record of running any organization.

The people you defend, do they have the sound record of running any organization

"Had the current president been Muhammadu Buhari and not Bola Ahmed Tinubu, chances are that the worst that would happen amid the adversity people are going through now would be suppressed, barely audible murmurs. It’s because Buhari is a political cult leader with a firm grip on his followers who worship him and surrender responsibility for their lives over to him. Tinubu has no such appeal.

A psychologist by the name of Steve Taylor came up with a concept he called “abdication syndrome,” which he said disposes people to invest total, child-like trust in a political figure, a cult leader, an opinion molder, etc. in ways that mimic how children idealize and idolize their parents as unblemished paragons of perfection."



This is so apt...! Argue till eternity, but this is the truth.

Racoon:

https://www.farooqkperogi.com/2024/02/hunger-protests-why-tinubu-cant-govern.html

The only thing you know how to do Kperogi is to pontificate and criticize others. You never offer solution. Now is Olayemi Cardoso, who is next

You Mad!, Cardoso is Very Highly Qualified. Someone who has been the Head of Citi Bank. Cardoso is Qualified to Head Bank of England or America talkless of Nigeria.

It's best make everyone go him way so we go respect each other. Imagine! a Kperogi calling Cardoso names. Mad o!

Racoon:

https://www.farooqkperogi.com/2024/02/hunger-protests-why-tinubu-cant-govern.html

Kukutenla:
The north are hypocrites. And that is why Nigeria is not a country. To claim Buhari got away with murder because of cult followership is to deodorise the pungent tribal and religious fundamentalism that's at the base of his followership. Most of Buhari's followers in the CPC they formed are clueless, dumb and sectional. Just check out their performance as ministers and heads of agencies.
The only appeal they had in the north was based on tribal and religious ideology and not any superior group interest.

It is also disheartening that after the maladministration CBN went through under Buhari and Emefiele is lackey, Tinubu couldn't get a better fit for the job of repositioning such a critical institution. What's worse is his elevation of CBN above NNPCL which has fared better previously in terms of audit and compliance.
However, it is obvious Cardoso is not running a one man show. He's under the tutelage of Edun. So it's more like the voice of Cardoso but the hands of Edun. And this is not to say I agree with Kperoogi's assessment of him

Did you read the article or you just rush to comment like an unstable emotional child....
Kperoogi wrote pure fact, not even Yar'Adua or Atiku would have been pampered by the North like Buhari; the lanky man got cult followship.

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slivertongue:
Cardoso gives me the jitters. Nigeria is in way worse trouble than it realizes with an airhead like that as CBN governor.

That guy na Alajo Shomolu na.
He has no business being CBN Governor.

I think both are birds of d same feather, but we can't keep dwelling on d past, instead let's look upfront .

RepoMan007:
Cardoso is a victim of politicization of appraisal of CBN performance.
The performances of all CBN governors has historically correlated with the petrol dollar availability. To me, Emefiele was the only guy who performed beyond the level of available petrodollar in his time. All other governors of the CBN were simply lucky to have the dollar available.
Not one of them influenced inflow of dollar in any significant way. Cardoso's case is agrevated by what Emefiele and Buhari did with loans and cash in circulation. They created a huge problem by spending out of recession and into crippling debt that eats revenue.

God bless you.

You made lots of senses.

It's because Tinubu is a certified first class senile dunce.
Prof Yusuf Dankofa wrote this on 5th Feb 2024:

"But they said they are the whiz kids from lagos

That the magic of lagos was going to be reignited at the federal level.

Eight months after,it is ebin kpawa.

What really happened?

Where are the heroes of Lagos?

What is on the ground shows that the policy makers from eko do not understand governance?

The policy flip flop has created a condition of acute poverty.

Just like one commentator said,only those in the corridors of power are smiling.

The rest are facing armageddon,a state of calamity and brutality.

The politics of the land is toxic as only lagosians are in power, while the other "O" states are lamenting.

Cronyism and inner caucus have betrayed the movement.

Emilokan movement is so ordinary and bereft of ideas that grand old Buhari that spent eight years junketing is even perceived to be better.

So,Emilokan is about the fulfilment of personal ambition.

Even the Imams that were shouting Muslim/Muslim tickets are busy gnashing their teeth.

They have now become wiser.

That the Muslim/Muslim agenda is a hoax.

Now they can't go for pilgrimage because they don't have N5M.

Where will they see the dollar?

Who dash monkey banana?

No politician is even visiting their mosque anymore.

Even Mr. Vice President has become a motivational speaker.

He is busy admonishing Nigerians to be of good behaviour since leaders who are to turn things around have lost ideas.

The ideas that were robustly generated during electioneering campaigns have vaporised into thin air.

Now,the singsong by the talakawas is hunger.

Our currency is as worthless as a river that ships cannot navigate.

You need a bagco cement sack of naira to seek $300.

The economic gurus of lagos have been turned into ordinary finance speculators.

All those spotless suits and Oxford shoes are just abracadabra.

What happened to years of study at Harvard and Yale School of Economics?

Social media have been laughing at them?

Even Zimbabweans and South Africans are having a good laugh.

South Sudan,a country as poor as anything, is poking Nigeria.

Pls where is the Save Nigeria Group?

Where are Professor Wole Soyinka and Pastor Tunde Bakare that gave Jonathan nightmares?

Where are all the Lagos musicians?

This is when the talakawa need them most.

Have they forgotten their Uncle Dr Beko Ransome Kuti?

Where are the offspring of Late Dr Bala Usman in this respect?

And where are the Professor Pantamis of this world?

That cried and prayed that the Jonathan administration should be changed?

And what has changed today?

And why are there no prayers to the Almighty that the poor should be rescued?

The Lagos politicians have failed the people.

They boasted that it is about brains and not brawl.

This is the regime of the most educated people in Africa.

This statement confirms what I have been saying you cannot put the cart before the horse.Most countries without subsidies have affordable and good transport network btw towns and cities.IMF are just bad advisers.
Without first building an efficient, government-subsidized public transportation infrastructure within cities and towns and between cities, towns and states, removing petrol subsidies will always result in the kind of mass affliction that Nigerians are going through now.

Ckonnet:
Disaster that could have been avoided!!

Avoided?

The present disaster can only be postponed, it can never be avoided.

SweetVibe:

Did you read the article or you just rush to comment like an unstable emotional child....
Kperoogi wrote pure fact, not even Yar'Adua or Atiku would have been pampered by the North like Buhari; the lanky man got cult followship.

Yeah
Tell me why the north never protested against Abacha despite the gripping hardship in his tenure

Rejoice28:
Friends Jesus Christ loves y'all and he want you to accept him as your personal lord and saviour by giving your life to Christ, believing in him and repenting of your sins.remember tomorrow might be too late. Shalom

Are you ignoring the lord's request?

israelmao:


I'm sure you know the coordinating minister of economy is in charge of economic policies while cardoso is in charge of monetary policies?

And monetary policies is not part of economic policies??

When Una vote for a man wey dey share plate of food wetin una expect; no be hunger?

Omolola15 please come and read Farooq's piece most especially the part he talked about subsidy.

The problems some of us saw in 2012 about it is what is still happening today.

It simply cannot work and it will put more people in poverty like it has done

Please read till the end

P.S. see what he said about Cardozo too. How can a CBN Govornor be reading from a script?

Means he doesn't know what is at stake

What a shame!

Kukutenla:

Yeah
Tell me why the north never protested against Abacha despite the gripping hardship in his tenure

Was it not the same Northern cabals that collaborate with the CIA to take him out after what he did to Musa Yar'Adua and some other big wigs?

SweetVibe:

Did you read the article or you just rush to comment like an unstable emotional child....
Kperoogi wrote pure fact, not even Yar'Adua or Atiku would have been pampered by the North like Buhari; the lanky man got cult followship.

Lol you called him emotional child, he has dragged you to events during abacha's tenure.
Hope you'll prove to him you're aware of what happened then.