₦airaland Forum

davodyguy:
I said it in one of my posts that for inflation to drop, all that needs to happen is the exchange rate to drop.

How will it drop? When the FG can pump in more liquid dollars into the system, Bureau de change wicked operators will weep.

If price of crude oil rise and more cash inflows into the country, exchange rate would be back to N200-$1

Dis one even thinks bureau dea change is his problem.. Lolzzzzzz liquid dollars ko, gaseous dollars ni.. When ppl say d price increase is because of traders/wickedness all I ask is "did these ppl start doing biz in 2015?"

PresidentAtiku:
this kid!
Shhhhhhhhhhhh

For some of you don't even know a thing about management of an economy but will be quick to condemn the Emefiele....yours is just about PMB. I hope you won't die of HBP cuz of PMB and from your moniker we know where you 're coming from. Atiku will never be president of Nigeria.keyword never.

Eazybay:
Dis one even thinks bureau dea change is his problem.. Lolzzzzzz liquid dollars ko, gaseous dollars ni.. When ppl say d price increase is because of traders/wickedness all I ask is "did these ppl start doing biz in 2015?"

He is giving you facts and figures of how an economy is runned in other climes,you responded with sentiments. If you argue with someone bring out your own postulation that's how to argue not sentiments.

Eazybay:
Dis one even thinks bureau dea change is his problem.. Lolzzzzzz liquid dollars ko, gaseous dollars ni.. When ppl say d price increase is because of traders/wickedness all I ask is "did these ppl start doing biz in 2015?"

This is classic nonsense.

Let me ask you a sim question. What's responsible for the rise in inflation in Nigeria?

Am too young to comment on this,i may comment next year

This site should be for adults only,not kids who can't translate economy polices.
Some even go to the extent of saying_if dollar is high what is our business with it we spend naira_
This place should be used to acquire knowledge, solve issues and help the country. And not the childish idea of those who give a Bleep went that way nonsense.

Captain6:
Am too young to comment on this,i may comment next year

Love you bro
Better that typing

DropShot:
[s][/s]
What "much" did he do when the IB was in charge other than helping him to loot the treasury?

I no blame him and you. Na Buhari wey no sack the guy since I blame.

Answer this question... If he really help IB loot the treasury, why will Buhari still allow him to stay as CBN governor?

gurunlocker:
Answer this question... If he really help IB loot the treasury, why will Buhari still allow him to stay as CBN governor?

Perhaps for investors confidence. Perhaps wanting to prove to be a firm respecter of the constitution which stipulates the tenure of the CBN Governor. Whatever his reasons, there are many reasons he should have been more bullish and remove Emefiele.

henryhemon:
He is giving you facts and figures of how an economy is runned in other climes,you responded with sentiments. If you argue with someone bring out your own postulation that's how to argue not sentiments.

What fact did he bring?? We have lost investments and investors due to policy flip flop.. No minister is delivering up to 40% impact, he's calling bureau de change like dey started working today. CBN has enough dollars, if dey don't den dey would float d rate, print more naira to settle our local debt, encourage start ups by reducing tax and assisting with logistics.. The kid u are defending is as dull as PMB as regards development strategy

DropShot:
Perhaps for investors confidence. Perhaps wanting to prove to be a firm respecter of the constitution which stipulates the tenure of the CBN Governor. Whatever his reasons, there are many reasons he should have been more bullish and remove Emefiele.

Lol.... Zombie defender, I know you will surely defend. WTF is "Perhaps"? You are confused!

It's logical, since you said he really loot on behalf of IB and Bubu still allow him to stay, you don't want to say Bubu corruption fight is sham. I understand sha, that's what you are being paid for.

[s]

gurunlocker:
Lol.... Zombie defender, I know you will surely defend. WTF is "Perhaps"? You are confused!

It's logical, since you said he really loot on behalf of IB and Bubu still allow him to stay, you don't want to say Bubu corruption fight is sham. I understand sha, that's what you are being paid for.

[/s]
I am trying to ignore people who have special capacity for low-level reasoning.

Not impressed.

gurunlocker:
Lol.... Zombie defender, I know you will surely defend. WTF is "Perhaps"? You are confused!

It's logical, since you said he really loot on behalf of IB and Bubu still allow him to stay, you don't want to say Bubu corruption fight is sham. I understand sha, that's what you are being paid for.

Funny enough, if he is removed, these are still the people that will be shouting along ethno-religious line.

DropShot:
[s][/s]
I am trying to ignore people who have special capacity for low-level reasoning.

Well, if you notice from my explanation and yours, you will know you have a low, very low level of reasoning, you only pretend to be sensible....

You mentioned earlier that "Perhaps to give Investors confidence'?.. In the past two years, which investors have come into the country aside using trial and error policy to chase out both local and international investors and ruin the Naira value?.... I understand my argument is above your reasoning, so Insult is allowed from you.

As you can see, I didn't insult you first, you started with your trademark of "cancellation of post", you know what kids do when they have been defeated?

Happy Sunday from GLU

[s]

gurunlocker:
Well, if you notice from my explanation and yours, you will know you have a low, very low level of reasoning, you only pretend to be sensible....

You mentioned earlier that "Perhaps to give Investors confidence'?.. In the past two years, which investors have come into the country aside using trial and error policy to chase out both local and international investors and ruin the Naira value?.... I understand my argument is above your reasoning, so Insult is allowed from you.

As you can see, I didn't insult you first, you started with your trademark of "cancellation of post", you know what kids do when they have been defeated?

Happy Sunday from GLU

[/s]

kabrud:
Funny enough, if he is removed, these are still the people that will be shouting along ethno-religious line.

I am no tribalist boss, Just put someone that's right there or give a better policy and not all this trial and error... God grace, it doesn't affect me one bit, but I can see and feel the suffering in town.

PresidentAtiku:
zombie! Expect a bigger rise. Confused government

Enemies!!!

davodyguy:
You're just talking nonsense.

Emefiele is not a sound mind to handle CBN. Under GEJ, Sanusi did well on his own, without Jonathan teaching him what to do.

Sanusi set up Amcon and implemented many reforms that positioned Nigeria on the right part.

Emefiele knows nothing than help people loot

sanusi set up amcon? Why are buhari minios such a shamelles liers

Print more money, you says no.
I went to ATMs this morning to have my savings money was unable to dispense.

Redoil:
sanusi set up amcon? Why are buhari minios such a shamelles liers

You're sick upstairs.

I work with Amcon and Amcon was set up in 2010, under an act as proposed by the CBN governor in 2009/2010.

http://www.nigerianbestforum.com/generaltopics/amcon-the-answer-to-credit-squeeze/

Jolar101:
Print more money, you says no.
I went to ATMs this morning to have my savings money was unable to dispense.

So the inability to dispense was due to lack of money in the bank?

Wow. This is classic waste of funds on Education.

Go ask for refund from your high school

davodyguy:
I said it in one of my posts that for inflation to drop, all that needs to happen is the exchange rate to drop.

How will it drop? When the FG can pump in more liquid dollars into the system, Bureau de change wicked operators will weep.

If price of crude oil rise and more cash inflows into the country, exchange rate would be back to N200-$1

That was what Sanusi did the last time. That's the stuff they call 'defending the naira'. It's an archaic monetary instrument. He simply emptied the foreign reserves despite warnings from the IMF. (Ironically, the same Sanusi is their in Kano trying to warn Buhari of something similar.)

The dollar is an internationally traded currency. What you'll see (which happened in Sanusi's time) is that speculators will buy up the 'liquid' dollars being 'pumped' out by the FG and resell in arbitrage trading either in the country or in other jurisdictions.

It was foolish the last time Sanusi did, it is foolish right now, it'll be foolish in the future.

Emefiele remains a docile guy. He lacks self confidence because he didn't dream of ever becoming a CBN governor. He had the temerity to say they are not doing complete floating policy, he mentioned something like 'guided floating'. It is still the same 'mediaval' policy of controlling the exchange rate that has pushed the rates beyond tolerable limits. There's no where this policy has worked efficiently.

The last part of your post is a blatant fallacy. Exchange rate is a function of demand and supply of foreign currency, AND speculation. You have only mentioned one aspect of the three indices. There are more suppressed demand right now that it would be foolish to expect the dollar exchange rate to be back to $1/N200 if the crude oil price rises.

In any case, the crude oil price has risen from the low of $27 to the current $55 in less than 2 years and exchange rate keeps rising. What is responsible for this?

Modern nations don't suppress demand of foreign goods by banning items, neither do they control supply by 'pumping liquid dollars'. They do these things with both fiscal and monetary instruments. Increase tarrifs on luxury items would have a desired effect on consumption of same without disruptions in the system than the nonsense they are doing now. Similarly, allowing free flow of capital (both inward and outward) would encourage foreign capital inflow than waiting endlessly for the price of crude oil to rise (something you have absolutely no control over) which may not rise in months or years.

kabrud:
Funny enough, if he is removed, these are still the people that will be shouting along ethno-religious line.

Buhari won't remove Emefiele.

He prefers docile people around him.

It's safe for him to leave him there than to be confronted with the pressure of appointing a sound expert who would look him in the face and call his bluffs.

porka:
That was what Sanusi did the last time. That's the stuff they call 'defending the naira'. It's an archaic monetary instrument. He simply emptied the foreign reserves despite warnings from the IMF. (Ironically, the same Sanusi is their in Kano trying to warn Buhari of something similar.)

The dollar is an internationally traded currency. What you'll see (which happened in Sanusi's time) is that speculators will buy up the 'liquid' dollars being 'pumped' out by the FG and resell in arbitrage trading either in the country or in other jurisdictions.

It was foolish the last time Sanusi did, it is foolish right now, it'll be foolish in the future.

Emefiele remains a docile guy. He lacks self confidence because he didn't dream of ever becoming a CBN governor. He had the temerity to say they are not doing complete floating policy, he mentioned something like 'guided floating'. It is still the same 'mediaval' policy of controlling the exchange rate that has pushed the rates beyond tolerable limits. There's no where this policy has worked efficiently.

The last part of your post is a blatant fallacy. Exchange rate is a function of demand and supply of foreign currency, AND speculation. You have only mentioned one aspect of the three indices. There are more suppressed demand right now that it would be foolish to expect the dollar exchange rate to be back to $1/N200 if the crude oil price rises.

In any case, the crude oil price has risen from the low of $27 to the current $55 in less than 2 years and exchange rate keeps rising. What is responsible for this?

Modern nations don't suppress demand of foreign goods by banning items, neither do they control supply by 'pumping liquid dollars'. They do these things with both fiscal and monetary instruments. Increase tarrifs on luxury items would have a desired effect on consumption of same without disruptions in the system than the nonsense they are doing now. Similarly, allowing free flow of capital (both inward and outward) would encourage foreign capital inflow than waiting endlessly for the price of crude oil to rise (something you have absolutely no control over) which may not rise in months or years.

well said but does this new policy gives students that want to study abroad chance to pay school fees through Form A at official rate?

adioolayi:
Is any Economic theory working at all in Nigeria Seems all have been tried and it's all about trial and error results.... Good today, Bad tomorrow...
Researchers need to develop or postulate new theories for stubborn market like Nigeria

No matter what CBN does the ever corrupt Nigerians will always find a corrupt coperate way to go round it cos the penalties are light.That is the problem

Pasca07:
well said but does this new policy gives students that want to study abroad chance to pay school fees through Form A at official rate?

My brother, they do whatever comes to their minds at the CBN.

There's no new policy anywhere. Based on reports (and confirmed by Emefiele himself in the last MPC briefing) their exchange rates are applied selectively. There are different rates for different individuals, companies and religious groups.

Buhari himself told the Al Jazeera lady that foreign students should source their forex in the black market. He said it is 'tough luck' for them. There's no indication that this has changed. You may call your bank for information.

porka:
Buhari won't remove Emefiele.

He prefers docile people around him.

It's safe for him to leave him there than to be confronted with the pressure of appointing a sound expert who would look him in the face and call his bluffs.

And how is this related to my post? Just asking.

kabrud:
And how is this related to my post? Just asking.

Do you need it in Fulfude translation?

porka:
Do you need it in Fulfude translation?

Which ever language, my question still remains; how is the ethnic interpretation of the liepods in the event of CBN boss removal related to the crap u posted when u quoted me?

kabrud:
Which ever language, my question still remains; how is the ethnic interpretation of the liepods in the event of CBN boss removal related to the crap u posted when u quoted me?

Only chronically insecure folks imagine dense "ethnic interpretation" of WHAT HAS NOT HAPPENED, and still wonder why their conjectures are identified as having little or no chance of occurring.

Eazybay:
What fact did he bring?? We have lost investments and investors due to policy flip flop.. No minister is delivering up to 40% impact, he's calling bureau de change like dey started working today. CBN has enough dollars, if dey don't den dey would float d rate, print more naira to settle our local debt, encourage start ups by reducing tax and assisting with logistics.. The kid u are defending is as dull as PMB as regards development strategy

Now you have made your own argument don't you feel good about yourself? I was supporting him I only said don't just bring sentiments give your own idea on how it should be done don't be like most NLders who will just dismiss people without even having an idea of what the subject matter is about.