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Emefiele To Senate: Nigeria’s Economy In Deep Crisis - Politics (4) - Nairaland

Nairaland ForumNairaland GeneralPoliticsEmefiele To Senate: Nigeria’s Economy In Deep Crisis (28589 Views)

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Re: Emefiele To Senate: Nigeria’s Economy In Deep Crisis by bakila: 8:02pm On Jul 20, 2016
ikdaddy01:
My question to CbN gov is, if tomorow we call out names of our top economists, if we call Soludo, Pat Utomi, Okonjo et al....will his name be there?
Who appointed him?
Re: Emefiele To Senate: Nigeria’s Economy In Deep Crisis by ehijoe(m): 8:03pm On Jul 20, 2016
Upon all the Presidential trips to foreign countries, promising to bring d best to change Nigeria, everything now ends on Emefiele's table. APC will never stop apportioning blames, creating excuses for their failures. Thank God the Zombies are also feeling the hardship. Their pattern is now sit down and LOOK.
Re: Emefiele To Senate: Nigeria’s Economy In Deep Crisis by idupaul: 8:04pm On Jul 20, 2016
Deen77:
Without the militants, we are still in problem, global oil prices is down, from Russian to Saudi, Venezuela and all the Gulf are feeling the effects.
Yes that why we had to take it easy at this point and squeeze every available sales from the international market but know our vision less leaders thought it the best time to start a man hunt over a 13 billion naira fraud which we now loose more daily as a result
Re: Emefiele To Senate: Nigeria’s Economy In Deep Crisis by temptnow: 8:04pm On Jul 20, 2016
shamecurls:
[size=18pt]God bless President Mohammadu Buhari



Am 100% certain that we will get out of these times.

Tough times never last, but tough people do.
[/size]
SMH

Re: Emefiele To Senate: Nigeria’s Economy In Deep Crisis by piagetskinner(m): 8:14pm On Jul 20, 2016
just when i thought ive heard the worst...the worster comes undecided undecided
Re: Emefiele To Senate: Nigeria’s Economy In Deep Crisis by Deen77: 8:16pm On Jul 20, 2016
onatisi:
it is now u are just realizing what many of us have been warning Nigerians since last year june
Sorry is not June last year, since September 2014 when Russian challenge American in Ukraine. Jonathan borrow to pay salary even before he hand over to Buhari.

For defying the west in Ukraine and Syria, American crash the Crude Oil prices globally, because Russian sell over 10 million barrels of oil per day compare to Nigeria of 2.2 million. This Oil boom give Russian power to modernized all his military equipment to challenge the American and NATO. Thank God for China that support Russian against the west.

Re: Emefiele To Senate: Nigeria’s Economy In Deep Crisis by Deen77: 8:19pm On Jul 20, 2016
gboss4sure:
[s][/s]

APC sycophant will always find a way to blame GEJ for the woes brought upon this country as a result of the dullard from daura's decisions and indecision.
You can't hide the truth, Jonathan borrow to pay salary 2015 even before Buhari.

https://www.nairaland.com/3016147/flash-back-okonjos-excuse-borrowing
Re: Emefiele To Senate: Nigeria’s Economy In Deep Crisis by cardoctor(m): 8:20pm On Jul 20, 2016
Stale news. We all know about it.
Re: Emefiele To Senate: Nigeria’s Economy In Deep Crisis by erico2k2(m): 8:30pm On Jul 20, 2016
monkautos:
zombie why didnt buhari reappoint someone else
Thats my thought as well, Agricultural sector where that minister was doing magic he changed
Re: Emefiele To Senate: Nigeria’s Economy In Deep Crisis by erico2k2(m): 8:33pm On Jul 20, 2016
shamecurls:
[size=18pt]God bless President Mohammadu Buhari



Am 100% certain that we will get out of these times.

Tough times never last, but tough people do.
[/size]
WEll this though times is more than one year already, can you bear it for another one more year let alone another 4 years? can youhuh
Re: Emefiele To Senate: Nigeria’s Economy In Deep Crisis by 400billionman: 9:05pm On Jul 20, 2016
mrkayusfit:
The performance of this man has been woeful ever since he was unmeritedly picked by GEJ to replace emir sanusi. The economy is nosediving under his watch and all he has to offer are continuos excuses. I hope buhari sacks him asap and replace him with a competent Cbn governor
Booharry does not like performers. He prefers mediocres.

Because the only two bankers i know that can save the Nigerian economy from this current recession are TONY ELUMELU and JIM OVIA.

These two men can create something out of nothing.

I keep laughing at the APC when they scream economic diversification while they havent done any tangible thing with agriculture..

Re: Emefiele To Senate: Nigeria’s Economy In Deep Crisis by egoldman(m): 9:06pm On Jul 20, 2016
[quote author=jydeskill1 post=47733797][/quote]Does he need that to reign in on the fulani herdsmen too ?
Re: Emefiele To Senate: Nigeria’s Economy In Deep Crisis by millionaireman: 9:09pm On Jul 20, 2016
mrkayusfit:
The performance of this man has been woeful ever since he was unmeritedly picked by GEJ to replace emir sanusi. The economy is nosediving under his watch and all he has to offer are continuos excuses. I hope buhari sacks him asap and replace him with a competent Cbn governor
Your retrograde dictator Buhari who pegged Naira value to the Dollar, refuses to negotiate Nigeria's bad political structure/governance system, and in the process provoked militants and secessionists in the old eastern region and Delta state, should be blamed, not the CBN governor.

Even the short air of economic stability we breathe now is because the CBN took of the peg of Naira value to the Dollar when your Sai Buhari went to treat his ear infection in the UK.
Re: Emefiele To Senate: Nigeria’s Economy In Deep Crisis by 400billionman: 9:10pm On Jul 20, 2016
MKO4ever:
This is a good news for some wise people; because recession is the best period for the wise to make cool money
Nna mehn, its unbelievable, but my business turnover has more than doubled.
Re: Emefiele To Senate: Nigeria’s Economy In Deep Crisis by clickwtB(m): 9:13pm On Jul 20, 2016
PMB please sack this guy,he is not helping matters.How is he liasing with ministry of finance etc to ameliorate the situation.
Re: Emefiele To Senate: Nigeria’s Economy In Deep Crisis by 400billionman: 9:21pm On Jul 20, 2016
ikdaddy01:
My question to CbN gov is, if tomorow we call out names of our top economists, if we call Soludo, Pat Utomi, Okonjo et al....will his name be there?
Tony Elumelu and Jim Ovia.

We cant keep recycling old names. They will generate old results.

Thats why we are suffering under booharry. Nigerians like recycling OVERUSED leaders.

Smh..
Re: Emefiele To Senate: Nigeria’s Economy In Deep Crisis by flokii: 9:23pm On Jul 20, 2016
Emefiele just be packing your belongings..

A Notherner or mayb southerner this time is coming soon as replacement.
Re: Emefiele To Senate: Nigeria’s Economy In Deep Crisis by Omino: 9:28pm On Jul 20, 2016
Maybe replace him with one of his brothers again..hahshsg ...laughing in China. Nothing works under this man GMB. Incompetences everywhere. You have not seen anything.
Re: Emefiele To Senate: Nigeria’s Economy In Deep Crisis by Nobody: 9:29pm On Jul 20, 2016
just2endowed:
Seconded. You are more than right. Everyone should call on the finance minister. And why is it that buhari doesn't have an investment minister? I remember the last investment minister, in fact, that guy was selling Nigeria and foreign investors were rushing in. He sells Nigeria more than any other minister. Miss that dude.
Nice one sir, Mr president took up that Investment minister portfolio by touring worldwide trying to woo investors.
Re: Emefiele To Senate: Nigeria’s Economy In Deep Crisis by Nobody: 9:31pm On Jul 20, 2016
Deen77:
Finance minister is not our problem, we have failed failed failed.
The only solution to our problems is to stop importing petroleum products and by refining petroleum locally.
Until we stop wasting the little dollar from crude on importing petroleum products an essential commodities.

The generator you put on now is using Imported fuel, check all your street how many light is from generator, every car and generator is burning our Dollar away. The petroleum that we can produce locally if our leader are the serious type.

For 16 years PDP legalised importation of petroleum products wasting our forex forgetting that this free dollar from crude will one day stop coming.

We are paying for the negligence of our leaders from OBJ till date. If PDP has succeed in building a refinery under OBJ and all the subsidies payment in trillion under Jonathan invested into our economy and dollar for importation saved. Believe me Nigeria will not be suffering up to this level even the dollar will not turn to gold now.
Valid point bro.
Re: Emefiele To Senate: Nigeria’s Economy In Deep Crisis by melejo(m): 9:49pm On Jul 20, 2016
virginboy1:
Buhari : my government will pay unemployed Nigerians
5k every month.
People be like: sai Baba... change is
here..Nigeria will rise again! .

Buhari: I never promised to pay unemployed Nigerians
5k each month. .
People be like: No mind those Jonathanians. With their
fake news. Show us links where he promised that. We
are solidly behind you. Nothing for yam eaters .

Buhari : We have started collection of data to enable us
pay the unemployed graduates 5k. .
People be like : Where are those TANoids that said
Baba is not a promise keeper...shame on all PDP.
Baba till 2023 ! .

Buhari: I wont pay 5k to unemployed youths. Its not a
priority ! .
People be like: Baba is right! Whats the use of 5k?
What can 5k do to anyone. Mr president we love u.
Best president ever! .


I wont be surprised if I wake up tomorrow and hear : .

Buhari: Unemployed Nigerians should pay 5k every
month to the government: .

And still people be like: Think of what u can do for your
country and not what your country can do for you.
Baba is right. But I know those unpatriotic wailers
wont pay


. I don't think this is ordinary
bros you're creative
Re: Emefiele To Senate: Nigeria’s Economy In Deep Crisis by collinsVP: 10:00pm On Jul 20, 2016
Deen77:
What do you know about economy, better economy team by Jonathan?.

How can a reasonable government be importing petroleum products an essential commodities to run our economy. Don't you know those better economic team failed the nation, they waste all our income on importation and subsidies payment instead of building a refinery to refine petroleum locally.

Ask yourself this simple question, what will have happened to our economy if we have stop importing petroleum in the last 5 years out of PDP 16 year's.
Imagine we save all the dollars on importation and trillion naira subsidies payment every year into our economy. We don't build industry we don't save during the raining days of Oil boom, see a survival resources from a Germany Bank.
If GEJ was like PMB, you think the sound ministers he worked with will not do a better job relative to what obtains in this administration.

GEJ had knowledgeable ministers but he could not get the best they had to offer. Everything starts with the head. That's why your head came out first on the day you were born.
Re: Emefiele To Senate: Nigeria’s Economy In Deep Crisis by sharpk007(m): 10:06pm On Jul 20, 2016
Nigerian is in trouble
Re: Emefiele To Senate: Nigeria’s Economy In Deep Crisis by Kay17: 10:27pm On Jul 20, 2016
collinsVP:
I wish PMB was younger, sophisticated and liberal. Things could not have deterolated to this level.

We got it all wrong the moment a single criteria( ability to fight against corruption) was used to select him.

Embezzlement of public fund is on the decline and the economy is on the decline more than proportionate. It does make sense.

GEJ had better economic team but he compromised the standard due to his second term ambition.

Is Nigeria not an error?
the economy is a 100 million wills per day, how do you expect one man to control those wills?
Re: Emefiele To Senate: Nigeria’s Economy In Deep Crisis by Suntzung: 10:34pm On Jul 20, 2016
monkautos:
zombie why didnt buhari reappoint someone else
#PMB shop 4 a better hand to handle CBN asap, it seems all the theories and practicals add together 4 this man head don finish, U can hire a Ghanian and pay him if he can pix the current issue.
Re: Emefiele To Senate: Nigeria’s Economy In Deep Crisis by delawal: 10:38pm On Jul 20, 2016
first things first. the CBN governor should resign if he has ran out of ideas. I keep saying it the system of government we run is not sustainable especially in d front of the current economic downturn. we have been able to manage d system BC of d abundance we use to earn from oil. its now time to restructure and move forward or remain stagnant and sink
Re: Emefiele To Senate: Nigeria’s Economy In Deep Crisis by Reference(m): 10:41pm On Jul 20, 2016
collinsVP:
I wish PMB was younger, sophisticated and liberal. Things could not have deterolated to this level.

We got it all wrong the moment a single criteria( ability to fight against corruption) was used to select him.

Embezzlement of public fund is on the decline and the economy is on the decline more than proportionate. It does make sense.

GEJ had better economic team but he compromised the standard due to his second term ambition.

Is Nigeria not an error?
Told you guys ceaselessly that there was more to Nigeria's woes than corruption but you guys are just too damn slow in thought to weave a developed country so enjoy. I have no sympathy whatsoever. The owners of Nigeria know they have woven enough camoflague webbing to hide their true intents. But with time all will manifest.
Re: Emefiele To Senate: Nigeria’s Economy In Deep Crisis by nsamchizzy: 10:41pm On Jul 20, 2016
mrkayusfit:
The performance of this man has been woeful ever since he was unmeritedly picked by GEJ to replace emir sanusi. The economy is nosediving under his watch and all he has to offer are continuos excuses. I hope buhari sacks him asap and replace him with a competent Cbn governor
...and what do you understand by competency?

Does it mean u can't differentdifferentiate between competency and management?

Its obvious you don't understand financial terms and its related explanation.
Re: Emefiele To Senate: Nigeria’s Economy In Deep Crisis by 14(m): 10:44pm On Jul 20, 2016
sharpk007:
Nigerian is in trouble
i told people in february that Nigeria will go through what venezuela went through and still goes through

venezuela = 95% revanue from oil

nigeria = 90% revanue frol oil

do the maths
Re: Emefiele To Senate: Nigeria’s Economy In Deep Crisis by uridadole: 10:45pm On Jul 20, 2016
collinsVP:
I wish PMB was younger, sophisticated and liberal. Things could not have deterolated to this level.

We got it all wrong the moment a single criteria( ability to fight against corruption) was used to select him.

Embezzlement of public fund is on the decline and the economy is on the decline more than proportionate. It does make sense.

GEJ had better economic team but he compromised the standard due to his second term ambition.

Is Nigeria not an error?
U refuse to acknowledge that money available to GEJ in oil revenue has disappeared or u think it is PMB's incompetence that dragged down the oil price or is he responsible for non diversification of revenue source? GEJ would had made it worse than this given the circumstances.
Re: Emefiele To Senate: Nigeria’s Economy In Deep Crisis by Deen77: 11:09pm On Jul 20, 2016
collinsVP:
If GEJ was like PMB, you think the sound ministers he worked with will not do a better job relative to what obtains in this administration.

GEJ had knowledgeable ministers but he could not get the best they had to offer. Everything starts with the head. That's why your head came out first on the day you were born.
They are failure, which minister. Okonjo waste all the opportunity. I have Twitter to channel to bring her live to face Nigeria.

See our survival resources below by economist from the a german bank, Nigeria is zero reserved.

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