Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,159,183 members, 7,839,029 topics. Date: Friday, 24 May 2024 at 12:40 PM

I Am Not Responsible For Nigeria’s Economic Woes - Olayemi Cardoso - Politics (4) - Nairaland

Nairaland Forum / Nairaland / General / Politics / I Am Not Responsible For Nigeria’s Economic Woes - Olayemi Cardoso (22335 Views)

Tinubu Threatens CBN Governor, Olayemi Cardoso / Hardship: Tinubu Not Responsible For Economic Woes – Ambode / Tinubu Nominates Olayemi Cardoso As CBN Governor (2) (3) (4)

(1) (2) (3) (4) (Reply) (Go Down)

Re: I Am Not Responsible For Nigeria’s Economic Woes - Olayemi Cardoso by Chiefpriestt: 11:23pm On Feb 27
benuejosh:
People who feel their own favourite wasn't voted into power are the ones trying to sabotage the efforts of this administration. Some started sincethe time of Buhari and majority added to them during the last election.

But they will fail woefully - Peter Obi and Obidient.

Tinubu WILL succeed.
It doesn't cost a thing for one not to be stupid. Be guided

1 Like

Re: I Am Not Responsible For Nigeria’s Economic Woes - Olayemi Cardoso by nedekid: 11:28pm On Feb 27
benuejosh:
People who feel their own favourite wasn't voted into power are the ones trying to sabotage the efforts of this administration. Some started sincethe time of Buhari and majority added to them during the last election.

But they will fail woefully - Peter Obi and Obidient.

Tinubu WILL succeed.
Best to keep quite than open your mouth and show how silly you are. grin
Re: I Am Not Responsible For Nigeria’s Economic Woes - Olayemi Cardoso by ArcFresky(m): 11:32pm On Feb 27
kettykin:
some folks are just plain errors and blunders , so who exactly is his fault , Emefiele left the rates at below N750 to a dollar and today we have the rates at above N1500 to a dollar and someone who is now a round peg in a square hole is saying it is not his fault.


Can someone see how some people are brazenly dodging responsibility and looking for a scapegoat. someone should tell this fellow that the exchange rate was below N200 to a dollar while Emefiele was CBN governor before APC to into office.


This is now the new format of saying , i cant solve the problem .

Imagine the US chairman of the Federal Reserve Bank coming out in the press to say this, APC Government is the most irresponsible Goverment every

Brother,
Allow me educate you.

The value of a currency is determined by how useful that currency is.

For example, if people, outside the country, need that currency, its value increases. If they don’t, its value decreases.

So, say someone wants to buy something from Nigeria, he technically has to have naira, so he will bring say dollars. Therefore, he will need naira and the value of naira will increase.

However, in the reverse, I want to buy something from outside, I will use my naira, change it dollar to buy the something.

And in economics, when there is scarcity, the price/value increases.

To avoid the value increasing, dem Jonathan and Buhari were borrowing $$ to provide $$ to people that want to buy. Thus, we had what was called artificial value.

Nigeria was borrowing to do big boy, while running into heavy debt.

Now, there is no more borrowing, we have a value that is determined by market forces.

1 Like

Re: I Am Not Responsible For Nigeria’s Economic Woes - Olayemi Cardoso by Asswipemod: 11:48pm On Feb 27
Ogiame:
But you were everywhere blaming Godwin Emefiele when he was governor of the CBN....


You're a FAILURE, just like the way you call Emefiele. grin

He is not a failure and like he rightly stated, he is not responsible for 8 years of financial mismanagement. You people are just intellectually dishonest and cantankerous.
Re: I Am Not Responsible For Nigeria’s Economic Woes - Olayemi Cardoso by Etimemy: 11:49pm On Feb 27
Tinubu is to be blame
Re: I Am Not Responsible For Nigeria’s Economic Woes - Olayemi Cardoso by Tochi360: 11:50pm On Feb 27
Wey you for just focus on your Alajo calling, You se no se You wan answer CBN Chairman undecided
Re: I Am Not Responsible For Nigeria’s Economic Woes - Olayemi Cardoso by Tochi360: 11:56pm On Feb 27
ukaegbuikedia:
It seems that this man has nothing to offer.


Don't mind that one,He is not to be blamed, perhaps We should blame tifnubu who left people with head and SELECTED an Alajo as CBN Chairman.
Re: I Am Not Responsible For Nigeria’s Economic Woes - Olayemi Cardoso by joyousever(f): 12:15am On Feb 28
You never tire for this your unpopular crusade for your unpopular Agbado eating Balabu? Abi, suffer never tire you or e never reach your side? Oga, use your data to type better thing.

Your candidate is a monumental failure till Jesus comes. Or what do you call a failed leader with no leadership blueprint? Balabu has no plans for Nigerians, so he can't succeed, because he's a square peg in a round hole.



benuejosh:
People who feel their own favourite wasn't voted into power are the ones trying to sabotage the efforts of this administration. Some started sincethe time of Buhari and majority added to them during the last election.

But they will fail woefully - Peter Obi and Obidient.

Tinubu WILL succeed.

1 Like

Re: I Am Not Responsible For Nigeria’s Economic Woes - Olayemi Cardoso by ivandrag0n: 12:31am On Feb 28
kettykin:
some folks are just plain errors and blunders , so who exactly is his fault , Emefiele left the rates at below N750 to a dollar and today we have the rates at above N1500 to a dollar and someone who is now a round peg in a square hole is saying it is not his fault.


Can someone see how some people are brazenly dodging responsibility and looking for a scapegoat. someone should tell this fellow that the exchange rate was below N200 to a dollar while Emefiele was CBN governor before APC to into office.


This is now the new format of saying , i cant solve the problem .

Imagine the US chairman of the Federal Reserve Bank coming out in the press to say this, APC Government is the most irresponsible Goverment every



CHILD OF HATE, rest, otherwise you will die in your HATE!!!

2 Likes 1 Share

Re: I Am Not Responsible For Nigeria’s Economic Woes - Olayemi Cardoso by Jorryy(m): 4:16am On Feb 28
Emefiele South South Man finish this country
Re: I Am Not Responsible For Nigeria’s Economic Woes - Olayemi Cardoso by kunle4toyeyaho: 4:49am On Feb 28
nony43:
I agree with him, he just how many months old. But then again during Emefiele $ was high and stable, with Cadoso it is very high and unstable.
learn the difference between floating of Naira and defending Naira

2 Likes 1 Share

Re: I Am Not Responsible For Nigeria’s Economic Woes - Olayemi Cardoso by DECLAN2015(m): 5:16am On Feb 28
Ogiame:
But you were everywhere blaming Godwin Emefiele when he was governor of the CBN....


You're a FAILURE, just like the way you call Emefiele. grin

You are just pained
And it shows how low u are.
Either u deliberately want to be mischievous or you are just a pained obedient
that only see chiaos.
Hope u remember cashless policy and it associated wahala too...
Re: I Am Not Responsible For Nigeria’s Economic Woes - Olayemi Cardoso by Seagodess(f): 5:33am On Feb 28
kettykin:
some folks are just plain errors and blunders , so who exactly is his fault , Emefiele left the rates at below N750 to a dollar and today we have the rates at above N1500 to a dollar and someone who is now a round peg in a square hole is saying it is not his fault.


Can someone see how some people are brazenly dodging responsibility and looking for a scapegoat. someone should tell this fellow that the exchange rate was below N200 to a dollar while Emefiele was CBN governor before APC to into office.


This is now the new format of saying , i cant solve the problem .

Imagine the US chairman of the Federal Reserve Bank coming out in the press to say this, APC Government is the most irresponsible Goverment every
who are the fools liking this your comment? So the CBN is responsible for this woes? Omo,, you guys are dumb

1 Like 1 Share

Re: I Am Not Responsible For Nigeria’s Economic Woes - Olayemi Cardoso by skj1377(m): 6:05am On Feb 28
You are
Re: I Am Not Responsible For Nigeria’s Economic Woes - Olayemi Cardoso by nsiba: 6:18am On Feb 28
Ogiame:
But you were everywhere blaming Godwin Emefiele when he was governor of the CBN....


You're a FAILURE, just like the way you call Emefiele. grin



Emiefele is a special demon released from hell fire to come and suck d blood of Nigerians
Re: I Am Not Responsible For Nigeria’s Economic Woes - Olayemi Cardoso by nony43(m): 6:19am On Feb 28
kunle4toyeyaho:
learn the difference between floating of Naira and defending Naira



Hmmm, nice one.

1 Like

Re: I Am Not Responsible For Nigeria’s Economic Woes - Olayemi Cardoso by Ogiame: 6:33am On Feb 28
Asswipemod:


He is not a failure and like he rightly stated, he is not responsible for 8 years of financial mismanagement. You people are just intellectually dishonest and cantankerous.































k.

1 Like

Re: I Am Not Responsible For Nigeria’s Economic Woes - Olayemi Cardoso by Ogiame: 6:34am On Feb 28
nsiba:



Emiefele is a special demon released from hell fire to come and suck d blood of Nigerians

What then do you call Cardoso? An Angel? 😂
Re: I Am Not Responsible For Nigeria’s Economic Woes - Olayemi Cardoso by Ogiame: 6:37am On Feb 28
DECLAN2015:


You are just pained
And it shows how low u are.
Either u deliberately want to be mischievous or you are just a pained obedient
that only see chiaos.
Hope u remember cashless policy and it associated wahala too...
Clowns like you called Emefiele unprintable names, now that your person is there proving himself as a specialist in FAILURE you are crying and attacking everyone who calls your brother out.

You're a hypocrite and I know who you are.

1 Like

Re: I Am Not Responsible For Nigeria’s Economic Woes - Olayemi Cardoso by nsiba: 6:45am On Feb 28
Ogiame:


What then do you call Cardoso? An Angel? 😂


I neva sea am carry big big Bible yet or shey u don see am?
We are only seeing BULABUL econometrics yet let's see the rest of them as we go
Re: I Am Not Responsible For Nigeria’s Economic Woes - Olayemi Cardoso by ogbonti: 6:47am On Feb 28
Mcslize:
Will ogbonti ever see this? They are now denying one another.

These are the people who will see black and call it white.

Bunch of idiots.

Even in the "heaven on earth" - you are encouraging others to japa to - politicians blame each other -its a game politicians play world wide and its not peculiar to Nigeria - grow up and stop seeing your country as the worst place on earth --- if you can comprehend, see link below

https://www.usnews.com/news/obama/articles/2010/02/09/obama-wont-abandon-blame-bush-strategy

Re: I Am Not Responsible For Nigeria’s Economic Woes - Olayemi Cardoso by enemyofprogress: 7:02am On Feb 28
Mr Failure has spoken






Bag of rice is now 82k,if you like go cook rub*bish for man house, dem go bea*t shege banza comot for ur body🙄
Re: I Am Not Responsible For Nigeria’s Economic Woes - Olayemi Cardoso by Streetdoctor: 7:29am On Feb 28
benuejosh:
People who feel their own favourite wasn't voted into power are the ones trying to sabotage the efforts of this administration. Some started sincethe time of Buhari and majority added to them during the last election.

But they will fail woefully - Peter Obi and Obidient.

Tinubu WILL succeed.

Re: I Am Not Responsible For Nigeria’s Economic Woes - Olayemi Cardoso by dikings(m): 8:37am On Feb 28
benuejosh:
People who feel their own favourite wasn't voted into power are the ones trying to sabotage the efforts of this administration. Some started sincethe time of Buhari and majority added to them during the last election.

But they will fail woefully - Peter Obi and Obidient.

Tinubu WILL succeed.
Common sense isnt really common as said
Re: I Am Not Responsible For Nigeria’s Economic Woes - Olayemi Cardoso by Greenfusion: 8:49am On Feb 28
pocom16:
Emiefele is way better

there is no CBN governor since 1999 that has witnessed almost 3 consecutive global economic crises caused by oil price slumps in 2014, covid and the early days of russia and ukraine war.. yet he was still able to manage with the forex issues... Nigeria has never had sufficient forex...

the best part was that Buhari played very little roles allowing the CBN to implement its policies when due.. not like Cardi B that is literally a toy.. Tinubu ordered him to float the naira...and he did while understanding the risk..

the CBN should be allowed to make its own decision not one druggie issuing command anyhow

hmmm.....quite informing, didn't really think of the issues Emefiele faced during his time......but i nor still like am sha.....lol
Re: I Am Not Responsible For Nigeria’s Economic Woes - Olayemi Cardoso by Faposky95: 9:19am On Feb 28
but you are......
you would have been hailed if your issshhh was working....
you wouldnt disagree then, would you
orkpolor eye... no be open eye governor
Re: I Am Not Responsible For Nigeria’s Economic Woes - Olayemi Cardoso by Growing(m): 4:22pm On Feb 28
As long as CBN prints naira at will, CBN is the root cause of inflation.

So CBN pretends to fight inflation but inflation keeps getting worse over the years.
Re: I Am Not Responsible For Nigeria’s Economic Woes - Olayemi Cardoso by Dalohad: 4:46pm On Feb 28
You want to enjoy the perks of office without taking responsibility.

You are a clueless CBN governor with an empty brain. Your policies are causing economic pathologies to the citizen. .

Resign and get out, instead of using your trial-and-error policies to kill of Nigerians with hunger.
Re: I Am Not Responsible For Nigeria’s Economic Woes - Olayemi Cardoso by Konquest: 10:17pm On Feb 28
nlfpmod:


https://nairametrics.com/2024/02/27/cbn-governor-cardoso-says-im-not-responsible-for-nigerias-economic-crisis/
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says himself and his team are not responsible for the current economic woes in the country.

This was made known by Cardoso while answering questions from journalists at the Monetary Policy Committee (MPC) meeting of the apex bank, on Tuesday, February 27, 2024, in Abuja, the first since he assumed office in September 2023.

Cardoso, however, said the CBN is taking the necessary steps to get the country’s fiscal and monetary health back to normal.

He said the current management of the CBN assumed responsibility at a time of crisis of confidence, adding that efforts being made to redress this are beginning to yield results.

We need to do the difficult thing to make things better

While responding to a question that the CBN was responsible for the current economic challenges faced by Nigerians, Cardoso said,

“I laugh at that question but it’s not a laughing matter,” Cardoso retorted. “And I think it is very important for Nigerians to understand that the Central Bank Governor — I and my team — are not responsible for the woes that we have today; we are part of the solution.

“We are determined to ensure that we work hard to get out of the mess that Nigeria is in. We assumed responsibility in a time of crisis of confidence; there was a crisis of confidence and you may all want to go to bed and wish that crisis of confidence was not there but it was, and we can’t turn back the clock.

(1) (2) (3) (4) (Reply)

Gen Murtala Muhammed 39th Anniversary Of His Brutal Assassination / Makinde: Wearing Of Face Mask Now Compulsory In Oyo / There's No Difference Between Oshiomhole And Donald Trump – Idahosa

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 45
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.