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Nairaland Forum / Nairaland / General / Politics / Ifeanyi Ubah calls for Adeosun, Emefiele to resign (34229 Views)
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Re: Ifeanyi Ubah calls for Adeosun, Emefiele to resign by francizy(m): 11:01am On Feb 26, 2016 |
jazzboi: Everyone must not stoop low like you..
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Re: Ifeanyi Ubah calls for Adeosun, Emefiele to resign by fearless2014: 11:02am On Feb 26, 2016 |
LordAdam: See finishing.. Guy you dey mean o ! |
Re: Ifeanyi Ubah calls for Adeosun, Emefiele to resign by linearity: 11:02am On Feb 26, 2016 |
OrlandoOwoh: This is the same chicken and egg argument...I don't blame those businesses for demanding dollars instead of Naira. If Naira was not in a free fall, they would still be accepting Naira. They provide a stable service which was tied to an equivalent Naira amount, now that the value of Naira bounces around like a pendulum every hour of the day, e.g. Hotels will be forced to start watching exchange rates and adjust their prices each hour/day accordingly. This is an unnecessary overhead plus their customers will not be happy with the constant changes, I know you will not be happy if you bought omo eg N500 in the morning and your neighbor who went to that same store bought it for N400 because Naira just appreciated and the store owner who bought that same omo two weeks ago at N600 when Naira was on a free fall is left to leak his/her wound and very soon that store owner will go out of business. So the problem is on the government and not on people charging dollars in order to run a stable business. |
Re: Ifeanyi Ubah calls for Adeosun, Emefiele to resign by francizy(m): 11:02am On Feb 26, 2016 |
DesChyko: LoL! How have you been brov? Been like ages tho.. |
Re: Ifeanyi Ubah calls for Adeosun, Emefiele to resign by toma3: 11:06am On Feb 26, 2016 |
Am a Yoruba man(ubah) but this man made a point. 1 Like |
Re: Ifeanyi Ubah calls for Adeosun, Emefiele to resign by LordAdam: 11:08am On Feb 26, 2016 |
linearity: You've made valid points, and yours is the first mention of my reply that I am replying. There are plenty of fiscal policies that can quickly turn the tides as well as many that would take time to yield results. I'm not an economist, but a policy like placing an industry like tomato paste manufacture, and palm oil export on a special intervention list will have far-reaching effect. The yield for the past year for both crops was very encouraging. Boosting both sub-sectors like GEJ did to rice would have helped many industries. By products from palm oil processing are used by several unrelated industries and would reduce the pressure on imports. Eliminating bottlenecks in the bureaucratic processes of setting up a business should also be a prime target, so that people can easily get into business and use the low-value naira to shore up SME's and the entire business climate. I'm sure any well-versed economist can think of plenty of ways to sustain the economy to avoid a recession. But as I said, the budget is one problem why any of these policies cannot be enforced. Buhari never knew the implications of his excessive waiting and lack of oversight on the budget. Even Nigerians do not know. Personally, I do not blame the investors. They should go and come back when Buhari develops a functional brain. About devaluation. It is the sane thing to do. But this is the problem, with no sound fiscal policy, devaluating the naira is the death knell for the economy. Depending on the level of devaluation, we may experience anarchy in this country. To put it simply, there is no sound bedding to lay the naira on. Devaluating the naira now is like letting the naira fall in free fall to the depth of the abyss. The only people that would gain are speculators and exporters. And the potential gain, in my opinion, is not worth the loss and anguish that will bedevil the country if we take that route. -Lord |
Re: Ifeanyi Ubah calls for Adeosun, Emefiele to resign by MrGerald(m): 11:09am On Feb 26, 2016 |
LordAdam:He's saying that they should carry out practical aspect everything should not be politics, he knows what he's saying, do you know how much CBN has been releasing to dangote and their likes in dollars which in turn caused the fall in naira and economic hardship to nigerians just because few people want to monopolize everything in this country in their bid to become the world's richest? |
Re: Ifeanyi Ubah calls for Adeosun, Emefiele to resign by onatisi(m): 11:09am On Feb 26, 2016 |
demarc001:
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Re: Ifeanyi Ubah calls for Adeosun, Emefiele to resign by DesChyko: 11:10am On Feb 26, 2016 |
francizy: I've been okay.. Putting 2 and 2 together.. What 'bout you? Hope Life's been fair? 1 Like |
Re: Ifeanyi Ubah calls for Adeosun, Emefiele to resign by Biafrarep(m): 11:11am On Feb 26, 2016 |
jazzboi:Stop mentioning that woman, she is not a role model, infact she embodies everything that is wrong with this country!! What is the source of her wealth? Did she make it by dint of hardwork or brilliance?? So ammasing ill gotten wealth through cronism, nepotism & harlotry in high places is now a thing of pride? People like Danjuma, Meribe, Alakija & the oil wells they were allocated without any bidding process are one of the reasons this country has remained in a mess. Those people should be arrested & not praised, they are reaping were they didnt sow!!! 4 Likes 2 Shares |
Re: Ifeanyi Ubah calls for Adeosun, Emefiele to resign by Nobody: 11:11am On Feb 26, 2016 |
OrlandoOwoh: Egbon,we saying the same thing here. Everything I said (maybe indirectly) is what you saying here. God help us sha. 1 Like |
Re: Ifeanyi Ubah calls for Adeosun, Emefiele to resign by francizy(m): 11:14am On Feb 26, 2016 |
DesChyko: We dey manage bro.. Just trying to get one or two.. |
Re: Ifeanyi Ubah calls for Adeosun, Emefiele to resign by DauraDullardo(m): 11:18am On Feb 26, 2016 |
bloodyBLOGGER:Every idiiot now uses the phrase 'ineffectual buffoon' even when it's crystal clear they don't know the meaning. |
Re: Ifeanyi Ubah calls for Adeosun, Emefiele to resign by gungab(m): 11:19am On Feb 26, 2016 |
I seconded the man jare even though am from west, I don't think the woman is ready compared to her predecessor |
Re: Ifeanyi Ubah calls for Adeosun, Emefiele to resign by LordAdam: 11:19am On Feb 26, 2016 |
MrGerald: Is Dangote not a Nigerian? Only Dangote alone is responsible for a third of the value of the Nigerian Stock Exchange. If his businesses collapse, so does Nigeria. Or don't you know Dangote is the second largest employer of labor after the Federal Government? You do not strengthen the weak by weakening the strong. When Dangote was investing in building cement factories in Nigeria with the profit from his imports, where was LaFarge and the others that are still importing cement? Those factories employ Nigerians, remit 30% of their profits to the Federal Government and sustain the economy. If you want to find a scapegoat it is Ifeanyi Ubah himself. Where was he when Forte oil offered to sell petrol cheaply? If he had joined, we wouldn't be having all this subsidy and scarcity bruohaha now. The guy is an attention-seeker. He has a lot of faulty debts and knows his fortune will be greatly depleted if the naira falls more. That is why he is shouting from the roof tops. I'm not against him proffering solutions. But he should be constructive about it. Read the OP writeup again. He did not offer any solution or constructive criticism. He just asked for their resignation. Haba! Na so dem dey sack people. Nigerians and blame mentality. He conveniently shielded PMB who should take the most blame and called for the sack of Emefiele that has been sustaining all manner of attacks for following PMB's instructions and Adeosun that has not even received budget for her ministry. You reason am na, all of una no get conscience sef! -Lord |
Re: Ifeanyi Ubah calls for Adeosun, Emefiele to resign by koboko69: 11:20am On Feb 26, 2016 |
NobleAngell: Hey girl. We aint talking about prick here. Dont join your fellow igbos in senseless hate. Stick to the romance and family sections. This section is way beyond your thinking capability as i can judge from your senseless comments. 2 Likes |
Re: Ifeanyi Ubah calls for Adeosun, Emefiele to resign by SirShymexx: 11:21am On Feb 26, 2016 |
Igbotic trader's opinion lol. Market trading and noise making go hand in hand like bread and spread. So I'm not surprised that this vacuous illiterate also has an opinion. Give this plonker several seats at the back of the class. 3 Likes |
Re: Ifeanyi Ubah calls for Adeosun, Emefiele to resign by drbayobayo(m): 11:22am On Feb 26, 2016 |
lol |
Re: Ifeanyi Ubah calls for Adeosun, Emefiele to resign by MrGerald(m): 11:23am On Feb 26, 2016 |
Raphael81:You talk like the dullard himself, hiding in nairaland opening your mouth to someone who can rescue or halt the economy of this nation at a stand still within 24 hers, yeye boy. 1 Like |
Re: Ifeanyi Ubah calls for Adeosun, Emefiele to resign by emi14: 11:23am On Feb 26, 2016 |
LordAdam: |
Re: Ifeanyi Ubah calls for Adeosun, Emefiele to resign by andyanders: 11:25am On Feb 26, 2016 |
Well spoken Dr Ubah. What he stated is right. The Apex Bank and The Ministry of Finance should be held responsible for the current fall of the naira. They are doing sharp business and smiling to their individual accounts to the detriment of the entire nation. The foreign exchange is been channelled through their own Bureau De Change outlets and sold at the black market rate. This is disgusting and painful but some people cannot understand that the commercial banks and the Apex bank should be responsible to the current state of the naira. Let the truth be said here. 1 Like |
Re: Ifeanyi Ubah calls for Adeosun, Emefiele to resign by rusher14: 11:26am On Feb 26, 2016 |
scachy: Why do we continue to chase shadows? Every organisation and economy dependant on oil is facing currency fluctuations and shortages. Canada, Angola, let's not even look at Venezuela, yet we choose to pretend the issue is about individuals. The individuals that need changing are the citizens of the country who are hooked like crackheads on everything foreign, even toothpicks. No single person has the solution to today's predicament. The problems were being wished away in the time of surplus and we can only hope we've learned our lessons as a people. 1 Like |
Re: Ifeanyi Ubah calls for Adeosun, Emefiele to resign by PentiumPro(f): 11:26am On Feb 26, 2016 |
The oil subsidy thief sef dey form intelligent. Nigeria don suffer! |
Re: Ifeanyi Ubah calls for Adeosun, Emefiele to resign by chumada: 11:27am On Feb 26, 2016 |
[s] jazzboi:[/s] What's this one saying |
Re: Ifeanyi Ubah calls for Adeosun, Emefiele to resign by buchilino(m): 11:28am On Feb 26, 2016 |
bloodyBLOGGER: AFTER READING DIS JUNK U WROTE, I FEEL SORRY 4 UR PARENTS. AM SURE SOME WHERE THEY R FEELING PROUD DAT THEY PRODUCED A GRADUATE UNKNOWN 2 THEM, THEY WASTED DER HARD EARNED MONEY ON NOTHING bloodyBLOGGER: AFTER READING DIS JUNK U WROTE, I FEEL SORRY 4 UR PARENTS. AM SURE SOME WHERE THEY R FEELING PROUD DAT THEY PRODUCED A GRADUATE UNKNOWN 2 THEM, THEY WASTED DER HARD EARNED MONEY ON NOTHING |
Re: Ifeanyi Ubah calls for Adeosun, Emefiele to resign by Akaujaa(m): 11:31am On Feb 26, 2016 |
Though an APC supporter, I think I subscribe to Uba's opinion. |
Re: Ifeanyi Ubah calls for Adeosun, Emefiele to resign by buchilino(m): 11:36am On Feb 26, 2016 |
gungab: BE CAREFUL SOME OF UR PPLE WILL COME DENY U N SAY UR NOT FROM SW. INCASE UR ONE IN A MILLION FROM SW WHO C D TRUTH N SAY IT D |
Re: Ifeanyi Ubah calls for Adeosun, Emefiele to resign by buchilino(m): 11:37am On Feb 26, 2016 |
gungab: BE CAREFUL SOME OF UR PPLE WILL COME DENY U N SAY UR NOT FROM SW. IN ANY CASE UR ONE IN A MILLION FROM SW WHO C D TRUTH N SAY IT D WAY IT IS |
Re: Ifeanyi Ubah calls for Adeosun, Emefiele to resign by betterABIAstate: 11:37am On Feb 26, 2016 |
SirShymexx:he wouldn't have had an opinion if the educated illiterate "kemi" is superb in caring out her duties. |
Re: Ifeanyi Ubah calls for Adeosun, Emefiele to resign by emi14: 11:38am On Feb 26, 2016 |
I love this balanced write up. Not partisan, not political, not tribalistic. The call for resignation of the finance minister by Ifeanyi Ubah is justified if indeed President Buhari is on one man show affair with the said ministry. It means Adeosuns's appointment is irrelevant. |
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