₦airaland Forum

Burruchaga71:
Propaganda can never grow economy

vanbonattel:
Same way they used propaganda to deny the sterling performance of excellent leaders like Peter Obi. Now we are all suffering it.

Olafada:
Please stop the lies.
I checked a machine prediction of dollar vs naira in sometimes in October and in November, all showed that Naira will gain value over dollar in late December to early January . The Presidential media chat is not the real cause why Naira gained value.
It is a recurring phenomenon from late December to early January of every year.

Fujiyama:
There is only one way to settle the questions surrounding BAT's media chat and that is to look critically at exactly what he said. Here goes:

The stampedes in Abuja, Anambra and Ibadan: Those looking for direction or guidance from BAT on how to make sure these things do not happen again (at least not on this scale or frequency) were disappointed. BAT spent several minutes stating the obvious - Nigerians are undisciplined and disorganized. We lack a queueing culture etc. The man then made a completely unnecessary and pointless reference to food banks in the US and the UK. And then strangely, BAT said that 'things are improving'. Scores dead after 3 separate incidents of poor crowd control and BAT says things are improving?

Removal of subsidy and exchange rate unification: Despite all the evidence to the contrary, BAT obdurately maintains that there was no alternative to his policies and their sequencing. This is nothing but a provocation. It makes no sense for BAT to claim that the chronic inflation and exchange rate volatility that Nigerians are going through was inevitable. The man stubbornly claims he knows what he is doing but he still cannot give ANY timelines on when inflation will be brought under control? Who is he fooling?

kaltonga:
As he destroyed the economy with one speech", SUBSIDY IS GONE", Let him restore the naira back to 200 naira with his so called great interview.

lebete3000:
You ended up saying absolutely nothing

kaltonga:
As he destroyed the economy with one speech", SUBSIDY IS GONE", Let him restore the naira back to 200 naira with his so called great interview.

Fujiyama:
^^^


Make a counter argument about the economic policy issues. Go on if you can. I dare you.

No insults please. And no partisan politics. Just policy issues.

Thank you.

lebete3000:
Why would I respond to the nothingness of your statement? That's like making you appear you have a point when you actually have none

Mugu44:
If its really the chat why not have it every week or does Tinubu not want to see the stock market strong everyday?

What of EFEMS that took Naira from N1700 to N1500 to N1700 and stopped?


Senile old fool.

ppogba:
The fact that the exchange rate has not gotten to the N2000 to the dollar predicted by doom sayers and chronic, unrepentant enemies of the country is a huge pain. It is understandable.

I pray, for as many in that category, their pains will be in perpetuity.

Fujiyama:
^^^


Just as I predicted.

ElSudani:
Those three words saved Nigeria from bankruptcy.
Obidients are not used to positive news like this.

Fujiyama:
There is only one way to settle the questions surrounding BAT's media chat and that is to look critically at exactly what he said. Here goes:

The stampedes in Abuja, Anambra and Ibadan: Those looking for direction or guidance from BAT on how to make sure these things do not happen again (at least not on this scale or frequency) were disappointed. BAT spent several minutes stating the obvious - Nigerians are undisciplined and disorganized. We lack a queueing culture etc. The man then made a completely unnecessary and pointless reference to food banks in the US and the UK. And then strangely, BAT said that 'things are improving'. Scores dead after 3 separate incidents of poor crowd control and BAT says things are improving?

Removal of subsidy and exchange rate unification: Despite all the evidence to the contrary, BAT obdurately maintains that there was no alternative to his policies and their sequencing. This is nothing but a provocation. It makes no sense for BAT to claim that the chronic inflation and exchange rate volatility that Nigerians are going through was inevitable. The man stubbornly claims he knows what he is doing but he still cannot give ANY timelines on when inflation will be brought under control? Who is he fooling?

vanbonattel:
It's true, naira is now trading at 1 dollar for 5 naira. Stock of Unilever jumped to #3,200 per share today.

What an achievement !

Wake up from your dreams, the only thing that firmed up and is soaring is the number of beggars waiting for a plate of rice in front of Tinubu House. more than 25,000 beggars.

The man has created a big legacy as the man who mostly weaponized poverty and is hoping to keep feeding his supporters with crumbs, instead of making the economy better.

jamafa:
Chai!

You want us to go back to our vomit??

Is it a good idea borrowing to eat??

Fujiyama:
Investigation of corruption in the security sector: True to type, BAT immediately ruled out any scrutiny or investigation of the security establishment - the man claimed he had full 'confidence in his security architecture'. He claimed that Nigerians can still 'travel the roads'. Inexplicably, the man then went off on a wild tangent about his creation of LCDAs while he was governor. What does LCDA creation have to do with a question on tackling corruption in the armed forces?

The man ended by saying he would not probe service chiefs because that would be disrespectful to the institution (whatever that means).

There you have it, folks.

There you have it.

TimeManager:
https://thenationonlineng.net/naira-firms-up-stock-market-surges-after-presidents-media-chat/

Guestmale:
Pray for them to repent and not to be allergic to good news.

garykoeman:
Stop lying to urself.

Obi was a failure as governor.


Nigerians are not deceived by ur tribal bait.

TimeManager:
Economic and finance experts have said
President Bola Ahmed Tinubu’s Monday media chat showed admirable grasp and clarity of thoughts on the nation’s macroeconomic outlook.

The financial markets reacted positively yesterday, in the first trading day after the presidential media chat.

The naira firmed up, it appreciated by four basis points to N1,540.33 per dollar. At the stock market, the benchmark equities index rose by 829.88 points to a new recent high of 102,186.03 points, implying net capital gain of N503 billion.

Reacting to the one-hour, live engagement between the president and senior journalists, business experts said the president showed a commendable understanding of policy expectations and outcomes, which could further reinforce confidence in the overall economy.

Hajiya Maryam Shettima, described the president’s media chat as a demonstration of strong leadership, which is already impacting more public confidence in his administration.

Managing Director, AIICO Capital, Dr Femi Ademola , said the president’s macroeconomic thoughts were in line with general expectations.

According to him, the presidential media chat provided very good opportunity to hear the thoughts of the president directly from him and he delivered his thoughts and actions quite very well.

“I am generally okay with his responses especially concerning the economic reforms such as fuel subsidy removal, the tax reform bills and the progress on security,” Ademola, a Chartered Financial Analyst (CFA), said.

He noted that while the president’s candour and lack of political correctness could be misread as lacking in emotion, the president showed confidence and ability to deliver on his electoral promises.

He, however said the government needed to justify the need for borrowing and its cabinet size by outlining clear deliverables expected from such decisions.

Be that as it may, the media chat is very welcome and I hope it continues regularly as it is an opportunity to inform and educate the people directly on what the government is doing.

Communication with the people should be
honest, direct, simple and humble,” Ademola said.

Managing Director, Arthur Steven Asset Management, Mr Olatunde Amolegbe, said the president showed consistency of thoughts that reinforced confidence that with steady progress, Nigeria will gradually surmount current challenges.

He said: “I think on the economic front, the president was clear as to the challenges the economy is facing and what it will take to surmount them.

I am glad that he recognised that monetary policy could do only so much to tackle the issue of inflation and he articulated the fiscal and structural issues he would aim to tackle in order to control inflation”.

He noted that the move towards a full liberalization of the economy appeared hard on the citizen because of historic default to subsidies and patch-ups, adding that a continuation of the ongoing policies would lead to a sustainable economic rebirth.

“I believe if we stay the course, as the president insists he would, then there should be light at the end of the tunnel,” Amolegbe, a former president of Chartered Institute of Stockbrokers (CIS), said.

Managing Director, HighCap Securities, Mr. David Adonri, said Tinubu’s delivery was both inspiring and educative.

“I listened to President Tinubu’s first media chat, quite an inspiring performance by him. He exhibited sound knowledge of economics and public finance.

The programme was informative, engaging and confidence boosting.

“More of such chat should be organised to enable the public understand the president’s thoughts and the philosophy behind his administration’s policies, a glimpse of which he shared on Monday,” Adonri, a senior investment banker, said.

At the stock market, investors showed strong appetite across the sectors of the economy. Average year-to-date return for Nigerian equities climbed to 36.7 per cent, making Nigeria one of the three best-performing stock markets globally.

There’s nearly analysts’ consensus that Nigerian stock market would close the year stronger.

Analysts at Afrinvest West Africa said they expected the market “to sustain its broad-based bullish performance as investors continue with strategic portfolio realignment, ahead of the new year”.

Economic and finance experts have said
President Bola Ahmed Tinubu’s Monday media chat showed admirable grasp and clarity of thoughts on the nation’s macroeconomic outlook.

The financial markets reacted positively yesterday, in the first trading day after the presidential media chat.

https://thenationonlineng.net/naira-firms-up-stock-market-surges-after-presidents-media-chat/