₦airaland Forum

They pick this one from d gutters to be CBN governor.

Nigeria economy collapse under Tinubu to d extent that ordinary Benin republic Sefa have more value than Naira.


Wat a shame

He wants to steal his own share now.

Fool, use ur own method and let's see the positive impact

While you and and the doomed dingBAT used orthodox to BURRY the shyyythole🔊🔊🔊🔊🔊😜😜

# useless govt of self serving THIEVES AND BLOODTHIRSTY TERRORISTS 💯💯💯

This is an excuse for non performance. Nigerians expect better than this.

EmeeNaka:
When did CBN governors start talking about their predecessors?

Hahahaha, e surprise you? This na small thing now. Yes, wonderful "asheefments" will continue to be recorded during the tenure of our beloved president, the Great Jagaban. The visionary leader developed lagos and will achieve the same feat for Nigeria, starting with petrol pricing and foreign exchange rate. Ride on Mr. President, whether haters like it or not. Petrol is only 1160 naira and unpatriotic people are complaining. Una never see anything, prepare for 1500 - 2000 naira as the "market- driven price" of petrol. "Asheefments" galore ahead - everyone will collect their share.

bennybuhari:
https://thescrutinyng.com/2024/10/29/emefiele-used-unorthodox-methods-to-grow-nigerias-economy-cardoso/

This is what you get when you ignore economics and go for one agbero as CBN governor.

Too much grammar with nothing to show for it .
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VeeVeeMyLuv:
This man is advocating for naira to be further devalued:

X@lekansote1, lekansote.com


Bloomberg ranks the naira among the world’s 10 weakest currencies, three of which –Zambian kwacha, Angolan kwanza, and Nigeria’s naira– are from Africa. Their weakness is attributed to unstable commodity prices, inflationary pressures, and lack of dollar liquidity, a point of view that enables Euro-American metropolitan economies to prey on Third World economies.

But the weak naira needn’t be a disadvantage if President Bola Tinubu’s economic managers can flip things around, and take advantage of economies of large-scale production by getting the real sector, especially, to produce, for export, goods for which Nigeria has a comparative advantage. Investment banker, Dr. Nnaemeka Obiaraeri, says Nigeria has no currency problem but lacks productivity.

After the Naira gains strength from the accumulated foreign reserve therefrom, it should be further devalued– to maintain the weak regime that should earn even more convertible currency to finance the importation, and acquisition of more infrastructural and industrial production capacity that will eventually strengthen the naira.

But strengthening the naira will not be the only intent of this strategy, but is to reverse the current import-oriented trend of the Nigerian economy and tap the ready market for Nigeria’s manufactures in richer economies.

Nigeria’s fiscal, monetary, and macroeconomic policymakers should consider this unorthodox opportunity to strengthen Nigeria’s economy which is suffering from inappropriate economic policies that are imposed by Breton Woods institutions on an unwary political class.

If all this works, all CBN Governor Cardoso needs to do is to keep looking for creative ways to devalue the naira further, which will be getting stronger, to make Nigeria’s farm produce and industrial manufactures affordable for consumers in foreign countries with stronger currencies.


X@lekansote1, lekansote.com

People do not know the advantages of the devaluation we are experiencing or they are just being mischievous and hiding the advantages from the gaullible Nigerians......every producer in Nigeria would appreciate this devaluation regime but consumers wouldn't or those who just want to trade without adding any value would complain.

Cassava farmers are now smiling to the banks because of the higher returns they are getting and more people are going into agriculture to tap the opportunities in that space.....the naira is already finding it's true value and it then behoves on people to up their productivity to catch up.....it isn't going to be easy,we all know but we don't have any choice but to increase our productivity.

Two years after, we are still talking about predecessors

bennybuhari:
https://thescrutinyng.com/2024/10/29/emefiele-used-unorthodox-methods-to-grow-nigerias-economy-cardoso/

No wahala
Na after you guys leave office we go really know wetin dey go on.
For now, u can continue to deceive your hallelujah singers

Ikaeniyan0:
We know this, the Koko right now is that, when will your orthodox method start reflecting positively in the lives of Nigerians?

never,it a wrong route,that leads no where
Except he changes route,he has no destination to get to,just deluding himself or being deceived by his voodoo economist advisers

And See where Cardiso's economics have landed Nigeria?

MarketDispatch:
The effects of sorting lecturers to graduate whilst in school and not attending classes to understand Economics.

what about wisdom and experience doesn't he has that too

The APC has turned this office into a full-time political platform. Now, even the CBN governor is blaming previous CBN administrations—for a sec I thought I was listening to a state governor rather than the head of a national financial institution.

VeeVeeMyLuv:
He is using the wrong approach to address the problem

He should be addressing other fundamental and structural problems affecting the economy. Though these are actually outside the scope of CBN.

This is a cost-push inflation caused by the corrosive policies of PBAT.

You are quite apt on your inference.....the CBN is trying really add to manage the fallout from these hard reforms the govt is making.....this is one of the worst times to be a CBN gov but someone has got to do the hard work.

All 3 presidential candidates in the last election if for anything all agreed on those 2 major reforms- subsidy removal and naira floatation to stop the wanton drift of our economy into the abyss and only an unenlightened person wouldn't have seen our current realities coming and be deceived there is an easy way out.

Mr Cardoso! use southpaw use anything, growth is all we care for not jab talks

This cardoso of a man have no business being a CBN governor you cant improvise, cant think outside the box then you dont deserve the job
Those policies we read were all formulated in a different environment therefore those that wants to adopt/ apply must consider the "peculiarity of there own environment " thats where unorthodox comes in

When you consider peculiarity of Nigeria to all those economic theories and fiscal policy you must come off unorthodox cos thats what will fit

Cardoso these is not a teaching job these is real world orthodox is NOT a must if its not working, remodeling/improvising is your surest ally in economic battles

even when we buy phones or laptop we just have to personalize it to get desirable xperience, how many uses it on default

atobs4real:
May be they will hear. APC just came and dabaru everything using jungle system approach

exactly my brother, when you elect, tout,agbero,thugs,ruffians into power that's what you get

nairalanda1:
Yep, we were

1. Massive borrowing to defend the naira , pay for subsides, etc...(which Cardoso continues, by the way, so he ain't innocent)

2. Printing and more printing of money (which Cardoso's boss once advocated actively).

3. Not diversifying the economy (which APC Has not done since 2015, despite the flowery speeches given)

4. Multiple exchange rates...which ended only because the money to pay for it had literally run out since 2022, not because APC wanted to stop it.

the exchange rate is still multiple, we have more than one,what is benefits of this strategy in particular, there is non,more than removal of fuel subsidy, this is the major factor in the ruin of the economy

tete7000:
Everyday you wake up, things get really scary. These guys are dumb.

very dumb and to think they are some people hero

surgical:
the exchange rate is still multiple, we have more than one,what is benefits of this strategy in particular, there is non,more than removal of fuel subsidy, this is the major factor in the ruin of the economy

Yeah, but it is not the four we had in 2016...or was it even five self.

OredoPikin:
U guys are ediots aswear
Complete ediots.

So cassava farmers will also farm rice, electricity, fuel, eguisi etc

How did i end up in a country where 90% of its citizens lacks the ability to think?🤦‍♂️
U guys lack basic comprehension of how a country economy works and u aint ready to learn

Food,shelter,clothing isn't the major problem of people in the rural areas.....I tell you that,they have higher standard of living than those in the cities.....I go often out of the cities to the hinterland very often and I tell you,their orientations are different and they can effectively focus on their needs to sustain themselves than their wants.

It is no longer expedient to drive your car around for every unproductive reason,you should have the intelligence to know that you should seek alternative energy and energy saving appliances in your homes to mitigate high cost of energy,many people are now realising generators aren't really a necessity as in the past with many adopting renewable energy sources except for commercial purposes.

Smart people are finding their way round our current economic realities and are sustaining themselves,only stoic entitlement purveyors are the ones crying because they want status quo to remain and not ready to adjust ....the truth is our economy cannot continue to run the way we were used to....it's the hard truth except for those who like to live fallacies.

Lol.. a tax collector is talikng.
You are using orthodox method to kill Nigeria economy.
Your orthodox method made Naira the worst performing currency in Africa. the WORST. Your othodox method creating galloping inflation, close of manufacturing factories all over the land, creating unemployment.
Before the expiration of your 4 year tenure, Nigeria would have been confirmed a FAILED STATE.

He don't even know orthodox methods in macro economy.
Very clueless than I can ever imagine!

Lithiumite:
It's easier to sit in your room and criticise without having been able to do anything with your life....many of you do not even have the integrity to be trusted with ordinary 10k.....ordinary community CDA you cannot run properly.

It is the people in power that is under scrutiny now,when it's get to the people you are talking about, they will also collect if they can't deliver, let's stay on the topic,especially when the performance or lack of it has no effect on if Cardoso will perform, it is based on the his policy choices

bennybuhari:
https://thescrutinyng.com/2024/10/29/emefiele-used-unorthodox-methods-to-grow-nigerias-economy-cardoso/

You then grow it with arthodox method now

EmeeNaka:
When did CBN governors start talking about their predecessors?

Like appointed, like appointee.

Blame! Blame!! Blame!!! That's what this evil party is known for.

Because they have nothing to offer,no economic blue print, no working solutions to the numerous problems in the financial and economic sector of Nigeria, they resorted to blame.
APC blaming APC regime.

Did you ever see PDP blame previous PDP government? No!

EmeeNaka:
When did CBN governors start talking about their predecessors?

incompetence is a virus! T-Pain infected his brain with, T-virus.

What do you expect from a Emilokan loyalist?

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nairalanda1:
Yeah, but it is not the four we had in 2016...or was it even five self.

with benefits of hindsight, that was a better strategy, than what is adopted now, that was management in action,but what we have now is a abidication called market forces,the result has been disastrous, no sensible country leaves its economy to total market forces
At least those voodoo economist have practicalised their hypothesis now ,they should review the results and make amends

We can see the stupid results of your damned Orthodox method of destroying the economy.

Carpenter that call himself a physician