Sanusi predicted this economic crisis to a T and they all sat down and laughed. - Politics (2)

Sanusi predicted this economic crisis to a T and they all sat down and laughed. - Politics (2) - Nairaland

Nairaland Forum › Nairaland General › Politics › Sanusi predicted this economic crisis to a T and they all sat down and laughed. (7691 Views)

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Re: Sanusi predicted this economic crisis to a T and they all sat down and laughed. by Nobody: 6:28am On Feb 23, 2016

When the sheep was crying danger, the Wolf kept running. The damage has been done, #istandwithbuhari with prayers for wisdom to turn the nation's fortune, it's a long shot but I know Nigeria would be better because after the drought comes a season of rainfall.

Re: Sanusi predicted this economic crisis to a T and they all sat down and laughed. by HiddenShadow: 6:42am On Feb 23, 2016

kayfra:
Unless he has hard drugs to export to fix our balance of trade issue, he is only making a mockery of himself by the useless claims. I'd like to entertain his thoughts though.

There is a way out and that way is to diversify
There are 2 ways to achieve diversification
1) FG led diversification
2) True Federalism where all federating units are involved
Which is the fastest.?
To mean it is True federalism
If your useless president starts the journey to diversification now through True federalism before the year ends, we would go far beyond this stage

Re: Sanusi predicted this economic crisis to a T and they all sat down and laughed. by 989900: 6:48am On Feb 23, 2016

All talk.

Re: Sanusi predicted this economic crisis to a T and they all sat down and laughed. by khSteel: 6:48am On Feb 23, 2016

@Op

Sanusi created this whole mess with his re-introduction of the BDCs in the Nigerian monetary system.

Soludo took the BDCs out and had banks providing such services; banks then employed more graduates and expanded their portfolio but Sanusi came in and claimed that Soludo made some "people" unemployed. This incident happened in 2009/2010.

This is exactly the problem with Nigeria - One Step Forward, Five Steps Backward, always making myopic considerations in the implementation of permanent governmental & economic policies.

Its easy to love Nigeria and wish to make it work, but its very easy to despise everything about Nigeria; how hard can it be to make policies for the benefit of all Nigerians instead of this constant attitude of always trying hard to favour a few because of myopic ethnic/regional considerations?

Re: Sanusi predicted this economic crisis to a T and they all sat down and laughed. by BushidoBlue(m): 6:50am On Feb 23, 2016

kayfra:
Unless he has hard drugs to export to fix our balance of trade issue, he is only making a mockery of himself by the useless claims. I'd like to entertain his thoughts though.

That alone is an indictment on your part.
You accuse him of criminality first then decide to hear him out later - the major problem we have here in Nigeria (they castigate you first then choose to listen when its too late)

Re: Sanusi predicted this economic crisis to a T and they all sat down and laughed. by goodlifehyd(m): 7:00am On Feb 23, 2016

Achuwa1:
Ifeanyi uba said he has solution to the crashing naira & tht feg. should give him the job of a consultant to saddlw the naira back to #200= $1..
the earlier u ppl try this option out the better coz economic theories wount solve the present condition naira finds itself..
ifeanyi ubah is a renowned businessman & he could just be listened to

incase you don't know the official rate of dollars is still 197 moreover is he going to pump the dollars needed by the consumers or what cuz persuade his friends under GEJ to release all the dollars kept in burial grounds and co

Re: Sanusi predicted this economic crisis to a T and they all sat down and laughed. by Teespice(f): 7:50am On Feb 23, 2016

Achuwa1:
Amaechi,oshiomole & those apc governors during the last regime should be 80% held responsible for what we are facing today,,,
had tht ECA fund was still intact,maybe b4 the end of GEJ tenure,it would have gulped to a huge amount,,
but amaechi,oshiomole & co..did what they did,,thankGod they are still all in the system to see things unfold in the negative direction

educate me afterall we learn everyday.

how are the aforementioned names responsible for the economic meltdown of today?

1 Like

Re: Sanusi predicted this economic crisis to a T and they all sat down and laughed. by Gogetta(m): 8:17am On Feb 23, 2016

kayfra:
This is a 2012 video, Ngozi only spoke late 2014. Spare me the Ngozi nonsense.

November 2011 actually. I watched it live.

2 Likes

Re: Sanusi predicted this economic crisis to a T and they all sat down and laughed. by Gogetta(m): 8:17am On Feb 23, 2016

kayfra:
This is a 2012 video, Ngozi only spoke late 2014. Spare me the Ngozi nonsense.

December 2011 actually. I watched it live.

Re: Sanusi predicted this economic crisis to a T and they all sat down and laughed. by obailala(m): 8:40am On Feb 23, 2016

fallout87:
Sanusi had also spoken against Buhari's economic plan and his handling of monetary issues.

I see you don't support him there.

For all the hate you have for GEJ, you guys gladly ignore he didn't want to give the Governors the reserve funds, because he knew they would steal it all through "security vote".

It was Ameachi who led the support from Governors to demand the funds which GEJ had to release. All that clown and the other Governors thieves where the money is today?

Governors took their share which was just 45% but as you have decided to put the entire blame on Amaechi's head, was it also Amaechi that forced or hypnotised GEJ to squander the FG's lion share of 55% amounting to over $11billion? Was it also Amaechi that crashed federal reserves from well over $40billion to $28billion?

2 Likes

Re: Sanusi predicted this economic crisis to a T and they all sat down and laughed. by 7lives: 9:01am On Feb 23, 2016

kayfra:
Coz she said it when the economy was already in the toilet. Why didn't she do something when the writing was on the world in 2012. Oh yeah, oil was like $120 a barrel so enjoyment galore.

I'll b.itch slap anybody that calls this woman competent.

The funny thing is that Ngozi as an economist knows that there is a danger lurking in the corner just like Sanusi, but we have to understand that Sanusi want to protect Nigeria while Ngozi wants to protect her interest at the world bank.
Imagine this efulefu woman ignoring Sanusi in 2012 only to start yernning opata in 2014, when all that she needed to do in 2012 was invest in capital projects and save enough for the rainy days.
A woman that should probably have gone ahead to be the first female president of Nigeria because she can see into the future is now grouped with hardened criminals just because she choose to ignore the lurking danger, to the detriment of the overall interest of Nigeria.

1 Like

Re: Sanusi predicted this economic crisis to a T and they all sat down and laughed. by rhymesnoni(m): 9:11am On Feb 23, 2016

like our Economics Father Adam Smith wld always say, Da government shld jst allow da market forces Of Demand nd supply determine da xchange rate, Leissez Fairre, though Da president has good intentions, he Laks Economics knowledge.

Re: Sanusi predicted this economic crisis to a T and they all sat down and laughed. by kayfra(op): 11:54am On Feb 23, 2016

rhymesnoni:
like our Economics Father Adam Smith wld always say, Da government shld jst allow da market forces Of Demand nd supply determine da xchange rate, Leissez Fairre, though Da president has good intentions, he Laks Economics knowledge.

Ol boy Leissez Fairre is economic theory, it works but you have to game the system to your advantage. Every developed country has the hidden arms of government intervening by some form of protectionism. It's the Leissez Fairre that made us lose all our industries and got us to be the dumping ground of the world with all a manner of cheap imports coming in. Let the market take care of itself indeed. Serious governments subsize production activities when their local industry is weak to keep jobs afloat, they sign trade agreements with their eyes open and use tools such as quotas and tariffs to protect their economy. When they gain advantage in production, then they devalue their currency to make their exports cheap. Hello China. Hello USA quantitative easing.

Abeg make you no spill any free market practices if the country isn't negotiating trade agreements to our advantage.

5 Likes

Re: Sanusi predicted this economic crisis to a T and they all sat down and laughed. by kayfra(op): 12:06pm On Feb 23, 2016

7lives:
The funny thing is that Ngozi as an economist knows that there is a danger lurking in the corner just like Sanusi, but we have to understand that Sanusi want to protect Nigeria while Ngozi wants to protect her interest at the world bank.
Imagine this efulefu woman ignoring Sanusi in 2012 only to start yernning opata in 2014, when all that she needed to do in 2012 was invest in capital projects and save enough for the rainy days.
A woman that should probably have gone ahead to be the first female president of Nigeria because she can see into the future is now grouped with hardened criminals just because she choose to ignore the lurking danger, to the detriment of the overall interest of Nigeria.

Thank you. Ngozi knew all along, but as per world bank drone, she had to favor her employer that pays her bonus. Who doesn't understand the reverse colonization in global trade?

They encourage African countries to free up their entire market for trade while they protect theirs. The foolish Africans will get all their industries dead since they can't compete with the products coming cheaply from developed countries and we end up exporting only raw commodities. Shortly before the economy tanks and the price of your commodities starts going south, they pull out their profits and walkway and tell you to devalue knowing fully well devaluation favors you when you have an export based economy. Your industries are dead and your commodities are dead cheap. Who does it favor when you devalue yet again?

But you have no choice since you need their forex, so they buy everything cheap and continue with the unfettered dumping of cheap imports and you never develop nor grow your local industry. Rinse and repeat. A vicious cycle.

Fighting that cycle is almost suicidal, but India successfully did. Same for South Korea, South Africa was isolated so forced to develop on its own, China did it, Brazil is doing it and Argentina just started. It takes balls to get out of the leash of the dependency on western monetary institutions.

2 Likes

Re: Sanusi predicted this economic crisis to a T and they all sat down and laughed. by kayfra(op): 12:12pm On Feb 23, 2016

HiddenShadow:
There is a way out and that way is to diversify
There are 2 ways to achieve diversification
1) FG led diversification
2) True Federalism where all federating units are involved
Which is the fastest.?
To mean it is True federalism
If your useless president starts the journey to diversification now through True federalism before the year ends, we would go far beyond this stage

Diversification takes time and requires serious dollars. It's a long term effort. As long as your ports are still open to cheap imports, it will take the hand of God to diversify except Government actively protects local production. Only thing we can easily diversify to is solid minerals, those are also raw commodities. We need thriving processing industries.

Re: Sanusi predicted this economic crisis to a T and they all sat down and laughed. by 7lives: 12:13pm On Feb 23, 2016

kayfra:
Thank you. Ngozi knew all along, but as per world bank drone, she had to favor her employer that pays her bonus. Who doesn't understand the reverse colonization in global trade?

They encourage African countries to free up their entire market for trade while they protect theirs. The foolish Africans will get all their industries dead since they can't compete with the products coming cheaply from developed countries and we end up exporting only raw commodities. Shortly before the economy tanks and the price of your commodities starts going south, they pull out their profits and walkway and tell you to devalue knowing fully well devaluation favors you when you have an export based economy. Your industries are dead and your commodities are dead cheap. Who does it favor when you devalue yet again?

But you have no choice since you need their forex, so they buy everything cheap and continue with the unfettered dumping of cheap imports and you never develop nor grow your local industry. Rinse and repeat. A vicious cycle.

Fighting that cycle is almost suicidal, but India successfully did. Same for South Korea, South Africa was isolated so forced to develop on its own, China did it, Brazil is doing it and Argentina just started. It takes balls to get out of the leash of the dependency on western monetary institutions.

Preach brother, I hope they're listening.

Re: Sanusi predicted this economic crisis to a T and they all sat down and laughed. by Proudlyngwa(m): 12:38pm On Feb 23, 2016

kayfra:
Sacking the CBN governor is a very delicate issue. The market will tumble and the low investor confidence will get worse. In as much as I don't respect Emefiele, I won't approve his termination.

There is really very little we can do on the short run to turn things around aside from the government selling it's assets. All our solutions are mid to long term.

Sack Emefiele and hear marginalisation being cried out, even if you replace him with an Einstein in economics.

2 Likes

Re: Sanusi predicted this economic crisis to a T and they all sat down and laughed. by drss(m): 1:01pm On Feb 23, 2016

kayfra:
This is a 2012 video, Ngozi only spoke late 2014. Spare me the Ngozi nonsense.

see how u dey lie shamelessly for broad daylight sad

u tink say ur edited video go fool everybody say NOI never talk in 2012 huh

for ur information na NOI first raised d alarm about coming economic crisis before sanusi.

Re: Sanusi predicted this economic crisis to a T and they all sat down and laughed. by GworoChewinMaga: 1:05pm On Feb 23, 2016

kayfra:
In retrospect, Sanusi warned us about the coming crisis. His prediction was just too close and look at the looters surrounding him laughing knowing that some of them were about to steal funds meant for Boko Haram. This makes me really mad

Video was shot in 2012.

Start from 16.00

https://www.youtube.com/watch?v=t7QDjzTTrag

That Confrence was to convince Tajus like you why fuel subsidy must go.

It takes on average 4yrs for a Taju like you to catch up.

Hopefully in 2019, you will see what we warned you in 2015.

Yeye

1 Like

Re: Sanusi predicted this economic crisis to a T and they all sat down and laughed. by kayfra(op): 2:27pm On Feb 23, 2016

drss:
see how u dey lie shamelessly for broad daylight u tink say ur edited video go fool everybody say NOI never talk in 2012 for ur information na NOI first raised d alarm about coming economic crisis before sanusi.

Bumbling buffoon.

Re: Sanusi predicted this economic crisis to a T and they all sat down and laughed. by kayfra(op): 2:29pm On Feb 23, 2016

GworoChewinMaga:
That Confrence was to convince Tajus like you why fuel subsidy must go.

It takes on average 4yrs for a Taju like you to catch up.

Hopefully in 2019, you will see what we warned you in 2015.

Yeye

Zombie like you assumes everybody supported the subsidy when we all knew who the winners were. Hint hint, they flew private jets from nothing.

Now get your low level ethnic head out of your ass. Not everyone is low level like you.

1 Like

Re: Sanusi predicted this economic crisis to a T and they all sat down and laughed. by rolchi(m): 4:09pm On Feb 23, 2016

kayfra:
Zombie like you assumes everybody supported the subsidy when we all knew who the winners were. Hint hint, they flew private jets from nothing.

Now get your low level ethnic head out of your ass. Not everyone is low level like you.

Forget this video and Nozi Okonjo-Iweala rantings...you don't have a case.

For your info, I won't respond to you again!

Re: Sanusi predicted this economic crisis to a T and they all sat down and laughed. by kayfra(op): 4:11pm On Feb 23, 2016

rolchi:
Forget this video and Nozi Okonjo-Iweala rantings...you don't have a case.

For your info, I won't respond to you again!

You lack substance to respond. Now runalong and go feel good about your clan.

Re: Sanusi predicted this economic crisis to a T and they all sat down and laughed. by coolscott(m): 9:34pm On Feb 23, 2016

kayfra:
Coz she said it when the economy was already in the toilet. Why didn't she do something when the writing was on the world in 2012. Oh yeah, oil was like $120 a barrel so enjoyment galore.

I'll b.itch slap anybody that calls this woman competent.

Are you really proud of what you are writing here?

Re: Sanusi predicted this economic crisis to a T and they all sat down and laughed. by kayfra(op): 9:38pm On Feb 23, 2016

coolscott:
Are you really proud of what you are writing here?

Do you have anything of substance to say?

Re: Sanusi predicted this economic crisis to a T and they all sat down and laughed. by coolscott(m): 9:55pm On Feb 23, 2016

kayfra:
Do you have anything of substance to say?

[color=#000][size=13pt]Sorry. You do not understand. But when you put up something like your post below, It will be a very big dishonour to anything of substance to put it side by side with what you have put up here[/size][/color]

kayfra:
Coz she said it when the economy was already in the toilet. Why didn't she do something when the writing was on the world in 2012. Oh yeah, oil was like $120 a barrel so enjoyment galore.

I'll b.itch slap anybody that calls this woman competent.

Re: Sanusi predicted this economic crisis to a T and they all sat down and laughed. by kayfra(op): 9:57pm On Feb 23, 2016

coolscott:
[size=13pt]Sorry. you do not understand. When you put up something like your post below, It will be a very big dishonour to anything of substance to put it side by side with what you have put up here[/size]

You have holes to poke or facts to reinforce?

What are you contributing to the discourse besides...well...bi.tching

Re: Sanusi predicted this economic crisis to a T and they all sat down and laughed. by coolscott(m): 10:06pm On Feb 23, 2016

kayfra:
You have holes to poke or facts to reinforce?

What are you contributing to the discourse besides...well...bi.tching

[size=13pt]I said,
What makes it nonsense because she spoke it in 2014?
If it was nonsense being said in 2014, then the same
thing being said in 2012 was also nonesense

We are in a crises in 2016. Sanusi said what he said in 2012. Okonjo said the same thing in 2014.
I asked how can NOI's statement be nonsense and SLS's statement be bright if they both made the same statements on different dates before this crises we are in.

Now look at what you replied me again. If the people you normally engage with find it profitable further honouring the nonsense you wrote with intellectual input from their part, I'm sorry to inform you that you will not enjoy that dignity from me.
[/size]

Re: Sanusi predicted this economic crisis to a T and they all sat down and laughed. by kayfra(op): 10:10pm On Feb 23, 2016

coolscott:
[size=13pt]I said,
What makes it nonsense because she spoke it in 2014?
If it was nonsense being said in 2014, then the same
thing being said in 2012 was also nonesense

We are in a crises in 2016. Sanusi said what he said in 2012. Okonjo said the same thing in 2014.
I asked how can NOI's statement be nonsense and SLS's statement be bright if they both made the same statements on different dates before this crises we are in.

Now look at what you replied me again. If the people you normally engage with find it profitable further honouring the nonsense you wrote with intellectual input from their part, I'm sorry to inform you that you will not enjoy that dignity from me.
[/size]

Okonjo saying it after the crisis started is like me and you getting in the rain and me telling you we will both get wet. Captain Obvious talk.

Sanusi spoke when the cloud was gathering and we could actually do something about the situation. And I have been corrected he said it late 2011. Oil rose to $140 after Sanusi's speech and Okonjo looked on doing nothing like a world bank programmed robot.

Re: Sanusi predicted this economic crisis to a T and they all sat down and laughed. by coolscott(m): 11:31pm On Feb 23, 2016

kayfra:
Okonjo saying it after the crisis started is like me and you getting in the rain and me telling you we will both get wet. Captain Obvious talk.

Sanusi spoke when the cloud was gathering and we could actually do something about the situation. And I have been corrected he said it late 2011. Oil rose to $140 after Sanusi's speech and Okonjo looked on doing nothing like a world bank programmed robot.

The attached verses of the Bible places the prerogative of replying certain persons in the hands of the individual.
I expect you to recognize the degree to which your advances at me for further engagement on this topic will not be fruitful as I have chosen
the first option of the two options in this referenced passage.

Re: Sanusi predicted this economic crisis to a T and they all sat down and laughed. by kayfra(op): 11:56pm On Feb 23, 2016

coolscott:
The attached verses of the Bible places the prerogative of replying certain persons in the hands of the individual.
I expect you to recognize the degree to which your advances at me for further engagement on this topic will not be fruitful as I have chosen
the first option of the two options in this referenced passage.

Religious robot. Run along.

Re: Sanusi predicted this economic crisis to a T and they all sat down and laughed. by paparazzi1987(m): 4:34am On Feb 24, 2016

This man just stole my heart...

cool

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