buzquet:
This man clueless like person way appoint him.

PMB please comot this man, he is the weak link in your economy team

ayusco85:
this central bank governor inherited cluelessness from his former boss. sack him now and appoint someone in the class of soludo. since they are all from the same region, no one will cry of marginalisation.

my 2 cents

Pk001:
If they dare remove Emefiele Naira will further depreciate to 500 to 1dollar.
The problem is not him but PMB.
The way PMB is running the economy, investors are scared away.
Pretending to be fighting corruption but opening other leakages.

udumosam23:
A beg who know as I go take dey export garri, yam or kernel or even bush meat? I've got to think of a service to render that will pay me in dollers.

Any idea?

ajebuter:
I remember in 1993 when Gbenga Adewusi released a poetic album titled: Babangida Must Go.

One of his grudge then was because dollars was sold for N53

And his exact words were:N53 , N53 ni dollar Babangida, loju emi re! Aye re o ni dara: Babangida must go!

Now N305?

No comment.

CC: Firefire

shala01:
CBN gov have no blame except his refusal to resign honorably when it was obvious that buhari is still living in 1983. Emefele is confused as body language (which is an abstract nonsense) is what he is relying on.

ShowYourCertificate:
Our economy is in shambles. Buhari is not only a dullard but a clueless dullard.

wirinet:
What is there to explain? We import everything from fuel to food, from Champaign to hankerchief and from cotton bud to matches, Meanwhile Oil our main (if not our only) foreign exchange earner, Crude oil, is selling just above $30. Where do you want Emefiele to get dollars to support the Naira from? As long as oil is on a free fall, Naira will follow. You do not need to be an economist to know this.

dunkem21:

tsdarkside:

its simple to explain...nigeria doesnt have enough external reserves.....

what we dont want to understand is,when interacting with the world,you need dollars...our naira is worthless internaionaly without buying dollars...

you can not buy a car in england with nairas....you need dollars or pounds...that is were our extern reserves comes in play..but we are depleting the extern reserves rapidly....

your nairas are worthless internationaly!!!........this is not cbn`s fauhlt....this is our fauhlt,we the people that love international goods,and hate local goods....

wirinet:


Istead of hating on Buhari, why not bring out that your brilliant suggestion to help revive the economy. The way you talk, you seem more billiant than Emefiele.

udumosam23:
A beg who know as I go take dey export garri, yam or kernel or even bush meat? I've got to think of a service to render that will pay me in dollers.

Any idea?

tsdarkside:

its simple to explain...nigeria doesnt have enough external reserves.....

what we dont want to understand is,when interacting with the world,you need dollars...our naira is worthless internaionaly without buying dollars...

you can not buy a car in england with nairas....you need dollars or pounds...that is were our extern reserves comes in play..but we are depleting the extern reserves rapidly....

your nairas are worthless internationaly!!!........this is not cbn`s fault....this is our fault,we the people that love international goods,and hate local goods....

shala01:

God forbide that I should hate on my president! The truth is the president is dull and brainless. What is the use of peging the official rate at !97 yet business men can not get it? Pegging dollard at 197 or os is buhari doing and emefiele is struggling to work with what buhari want

saintopus:
I think the problem of the economy has nothing to do with the leadership, but I believed it was as a result of the the drop in the prices of oil coupled with our lack of productivity. We as a nation must learn to patronize the made in Nigeria products. That is the only way we can go out of this problem.

I am a Wailer, however, I know deep within me it is not the fault of either PMB or Emefiele but our glut for foreign made products that can be obtained locally.
I also feel that government should take the responsibility of showing the example of what it means to patronize locally made goods. But I do not see that happening now with the level of greed and vanity among our political office holders I do not see that coming to pass in the nearest future. So I think we should all brace up for very rough times.


God Bless Nigeria.
God Bless me

shala01:

God forbide that I should hate on my president! The truth is the president is dull and brainless. What is the use of peging the official rate at !97 yet business men can not get it? Pegging dollard at 197 or os is buhari doing and emefiele is struggling to work with what buhari want

ta4ba3:
Wow buhari is archiving 305 to a dollar... we making progress I believe it'll still get to 700 to a dollar... free advice run from nigeria as for me India loading

wirinet:


Sacking Emefiele would not change anything. Soludo was able to "perform" because during his time oil was averaging $60 per barrel and we had huge foreign reserves and excess crude savings. Now we have low savings and low oil prices. At $30 per barrel Nigeria would not even be making up to $2 per barrel. Mind you the estimated cost of extracting Nigeria's crude is put ar $28 per barrel, so the Government and oil companies will share $2 per barrel.

So unless everybody (including Federal, State and Local governments, private companies and individuals) sit up and work at reducing exports and produce and consume made in Nigeria products instead of blaming Buhari, then the Naira will continue its free fall.