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Nairaland Forum / Nairaland / General / Politics / Buhari: “Why I Ordered CBN To Stop Forex For Food Import” (16795 Views)
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Re: Buhari: “Why I Ordered CBN To Stop Forex For Food Import” by FIRDAUS3(m): 11:30am On Aug 15, 2019 |
nototribalist: Kindly provide us the copy of constitution that denied PMB the order not to do so Yeye dey smell 4ur brain 1 Like |
Re: Buhari: “Why I Ordered CBN To Stop Forex For Food Import” by Born2Breed(f): 11:33am On Aug 15, 2019 |
tiredoflife: Don't mind that gullible sycophant. Imported/Smuggled rice still outnumbers local rice. 2 Likes |
Re: Buhari: “Why I Ordered CBN To Stop Forex For Food Import” by Gazzy88(m): 11:34am On Aug 15, 2019 |
nototribalist:Folks like you commended Gej when he said "stealing is not corruption" but anything buhari does even if it put food on your table, you will still search for a reason in your deluded mind to castigate him. Come 2023,grab a form and contest for the office of president and let's see the wonders you have in your 'brilliantly constructed' mind. 2 Likes |
Re: Buhari: “Why I Ordered CBN To Stop Forex For Food Import” by erico2k2(m): 11:34am On Aug 15, 2019 |
helinues:This FG nor reach to Depress? |
Re: Buhari: “Why I Ordered CBN To Stop Forex For Food Import” by erico2k2(m): 11:36am On Aug 15, 2019 |
Gazzy88:2019, You still don't know stealing is not corruption really? 2 Likes
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Re: Buhari: “Why I Ordered CBN To Stop Forex For Food Import” by NwaliE01: 11:37am On Aug 15, 2019 |
Blaming Jonathan would be the next line of action after they plung us into recession again.
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Re: Buhari: “Why I Ordered CBN To Stop Forex For Food Import” by Nobody: 11:39am On Aug 15, 2019 |
nototribalist: You are asking too much bro. Pesin de rule us with NEPA bill as certificate, and u think he will understand separation of power and non interference in monetary policy. If u tell am Monetary policy, he go reply... u mean "money por Police fifu" 2 Likes
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Re: Buhari: “Why I Ordered CBN To Stop Forex For Food Import” by RexTramadol1: 11:39am On Aug 15, 2019 |
HeyCorleone: You will agree with me that Buhari plunged the country into recession with his policies, it didn't get worsened to the level of calling it economic depression, even in economics it's distinct But the writer in his own way of writing portends the depression as an aftermath of recession except he states otherwise You are in no position to interprete on his behalf. 1 Like |
Re: Buhari: “Why I Ordered CBN To Stop Forex For Food Import” by Smithwilliams826: 11:41am On Aug 15, 2019 |
He no dey chop rice? Or which rice hin dey chop self. |
Re: Buhari: “Why I Ordered CBN To Stop Forex For Food Import” by sapientia(m): 11:46am On Aug 15, 2019 |
People that knows this said its wrong. You guys are still defending incompetency. |
Re: Buhari: “Why I Ordered CBN To Stop Forex For Food Import” by colestephan86: 11:50am On Aug 15, 2019 |
LegendVibes:With the response I see on this thread , I confirm today that many Nigerian youths are truly empty handed and mentally lazy. FYI there was a time in this country when yoghurts were imported into this country but today the best and real yoghurt products in this country are locally made. I see someone said , the president doesn't have the right to tell CBN what to do. Very funny! 4 Likes |
Re: Buhari: “Why I Ordered CBN To Stop Forex For Food Import” by ahmg001(m): 11:50am On Aug 15, 2019 |
MachadoPreto: He has no constitutional right to order the CBN,the CBN as an institution is meant to be an autonomous one in terms of making monetary policies.Its like Trump ordering the federal reserves to do his bidding...In as much as the intention of the president is good,it must be done rightly, not in such a way that it will make our already weak institutions,weaker 2 Likes |
Re: Buhari: “Why I Ordered CBN To Stop Forex For Food Import” by fortran12: 11:51am On Aug 15, 2019 |
Business people are seeing opportunity other people are seeing chance to abuse the president. 1 Like |
Re: Buhari: “Why I Ordered CBN To Stop Forex For Food Import” by shomutuski(m): 11:51am On Aug 15, 2019 |
nototribalist:Blodmman |
Re: Buhari: “Why I Ordered CBN To Stop Forex For Food Import” by adecz: 11:54am On Aug 15, 2019 |
The olodoness continues, while Nigerians pay the for his lack of education with suffering.... |
Re: Buhari: “Why I Ordered CBN To Stop Forex For Food Import” by lekonso: 11:56am On Aug 15, 2019 |
I'm afraid how the youths in this country think. I'm not a fan of Buhari, but this time he is very right. How can we be spending our scarce forex on importing foods we can grow at home. Can't you people think, necessity they say is the mother of invention. If Nigerians cannot grow her foods then let them starve. If you can make your food at home at cheaper cost why spending your scarce money to buy food outside, this is simple logic. 3 Likes |
Re: Buhari: “Why I Ordered CBN To Stop Forex For Food Import” by realbest(m): 11:57am On Aug 15, 2019 |
nototribalist:Then you are ignorant of the constitutional powers of Mr President. Stark illiterate like you with dumb mind . 1 Like |
Re: Buhari: “Why I Ordered CBN To Stop Forex For Food Import” by Lovelive: 11:57am On Aug 15, 2019 |
helinues:Dat is d real point Thank you Sir |
Re: Buhari: “Why I Ordered CBN To Stop Forex For Food Import” by lekonso: 11:59am On Aug 15, 2019 |
colestephan86: Your head is very correct 2 Likes |
Re: Buhari: “Why I Ordered CBN To Stop Forex For Food Import” by ideylaff: 12:00pm On Aug 15, 2019 |
CoolAmbience: The laws binding the Central Bank makes it autonomous in its day to day running.... so there are boundaries the President cannot go beyond.... after he has appointed a CBN Governor.... Buhari and his handlers are playing ludo and monopoly with the affairs of the country.... Embarrassing themselves daily.. That was how you ban forex on 42 items when you came into office and plunged Nigeria into recession. Now you want to ban forex on food and milk, then give people going to mecca excess dollar. Then give criminals billion dollars for importing fuel. "Primarily, the Central Bank of Nigeria (CBN) is the key regulatory body of the banking sector. ... The foremost laws governing the regulation of banks in Nigeria is the Banks and Other Financial Institutions Act (BOFIA) 1991 (As amended) and the Central Bank of Nigeria Act 2007." [url]https://www.nigerianbulletin.com/threads/%E2%80%98cbn-is-not-a-ministry%E2%80%99-%E2%80%93-moghalu-hits-buhari-over-forex-order-%E2%80%93-olisa-tv.401179/[/url] 1 Like |
Re: Buhari: “Why I Ordered CBN To Stop Forex For Food Import” by airbrush: 12:02pm On Aug 15, 2019 |
helinues: if herder men Guns can not kill all these infidels in the south why not starve them to death |
Re: Buhari: “Why I Ordered CBN To Stop Forex For Food Import” by Reptyle(m): 12:04pm On Aug 15, 2019 |
nototribalist: But when CBN takes economic decisions that fail, who do you hold responsible? |
Re: Buhari: “Why I Ordered CBN To Stop Forex For Food Import” by Yankee101: 12:04pm On Aug 15, 2019 |
And you wonder why foreign investments have dried up |
Re: Buhari: “Why I Ordered CBN To Stop Forex For Food Import” by GMbuharii: 12:06pm On Aug 15, 2019 |
helinues: Sifia pains lolsssssss |
Re: Buhari: “Why I Ordered CBN To Stop Forex For Food Import” by sapele914(m): 12:07pm On Aug 15, 2019 |
nototribalist:He has jurisdiction,giving forex to import food produce is not a statutory provision of The Central Bank of Nigeria,but a Government policy,that can be withdrawn promptly. 1 Like |
Re: Buhari: “Why I Ordered CBN To Stop Forex For Food Import” by SoNature(m): 12:07pm On Aug 15, 2019 |
Barondenigeria: Don't you think that a politician that Boko Haram once named as their chief negotiator could be sponsoring a faction of the dreaded Islamic terror group? |
Re: Buhari: “Why I Ordered CBN To Stop Forex For Food Import” by ideylaff: 12:12pm On Aug 15, 2019 |
Reptyle: Its just plain simple ....Article 1(3) of the CBN Act 2007 states ‘In order to facilitate the achievement of its mandate under this Act…the Bank shall be an independent body in the discharge of its functions,” He can speak and delibrate but not give orders simple.... 1 Like |
Re: Buhari: “Why I Ordered CBN To Stop Forex For Food Import” by Lovelive: 12:16pm On Aug 15, 2019 |
Barondenigeria: Okayyyy you mean others can be baptised "terror*sts" abi? You call IPOB "terrorists", The opp Muslims "terrorists", Omoyele "terroristkid". Who is [fully] Fooly who ? |
Re: Buhari: “Why I Ordered CBN To Stop Forex For Food Import” by SolexOlenin(m): 12:16pm On Aug 15, 2019 |
LazyGold: Power of competency. Will he understand he is not able to lead? |
Re: Buhari: “Why I Ordered CBN To Stop Forex For Food Import” by sapele914(m): 12:23pm On Aug 15, 2019 |
ideylaff:Article 1(3) of the CBN Act 2007 states ‘In order to facilitate the achievement of its mandate under this Act…the Bank shall be an independent body in the discharge of its functions,” but not independent on the formation of policy,which is included in the Exclusive Legislative list,which is within the purview of The Federal Government. Or can The Central Bank of Nigeria,just go and print money without the approval of the Federal Government?,what President Buhari gave is an executive order,any food importer that takes offense should challenge it at any Federal High Court,which they will definitely lose. Maybe what you meant to say,is that the Federal Government cannot interfere with decisions made by The Monetary Policy Committee,i.e.,(interest rate). Anyway who owns the money held at the Central Bank?i believe the Federal Government is the owner of the money,because if I recollect clearly,no one questioned jonathan why he gave dasuki to access the kind of money he did from the Central Bank without permission from who? 2 Likes 1 Share |
Re: Buhari: “Why I Ordered CBN To Stop Forex For Food Import” by sapele914(m): 12:29pm On Aug 15, 2019 |
SolexOlenin:Lazy minded people,that refuse to fend for themselves,Mr President & Nigeria owes you nothing,charity they say begins at home,look more inward to your parents,they are probably the cause of your state of being? 1 Like |
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