Ugosample:


Floating the naira, and removing subsidies, as well as disbanding NNPC are the only moves we can make to save this country

However, because my countrymen are stupid and short sighted, they prefer this unsustainable model we are running

they are not ready to go through discomfort now for them and tgwur descendants to enjoy in future.

Just imagine how far NIGERIA would have gone it subsidies were removed in 2012.
Nigerians were not willing to pay 141 when oil prices were so high, but clapped when this useless govt increase fuel to 145 in a RECESSION with lower oil prices AND STILL PAYING SUBSIDIES that they call "under recovery" deceiving idiot Nigerians



If you guys continue like this, your descendants will spit at your graves for bequeathing them a failed and destroyed country


Continue in this flawed system you hear, while those who have left or will still leave the failed country continue to leave


in 15 years time

una eye go clear

madridsta007:


Not sure that the CBN which has supervised Nigeria into a recession, supervised Nigeria into a double-digit inflation, being the financial framework on which Nigeria has become the world capital of poverty, has the credibility to say it knows what it's doing.

In a sane clime, there would have been resignations and the sack.

Hence any politician, heck any literate person, is justified in proffering suggestions to what is a clear case of sequential display of incompetence by the CBN.

SageTravels:
Some people are benefiting from this exchange rate. If you are earning in dollars, you will even be praying for the dollar to continue increasing. That's why they say another man food is another man poison.

Binikingdowm:
Is this not the same guy that was bowing to buhari cabals?

Correct me if I'm wrong

Lamilekan1000:
Sure winning g.a.m.e available for tonight. Only high stakers should Chat me up via 090.51.88.09.49

PassingShot:

Lol @ President Atiku

Una mouth no get mate aswear

NoisyNaybour001:
Guys let's settle this poo once an for all

like for Buhari share for Atiku

GoodMuyis:


[s]In 2014 Former minister of Agriculture Akinwumi_Adesina responded to Buhari's ignorance in Agriculture and was later rewarded for good stewardship by Buhari Himself. So if Atiku is being corrected for goof, it should be accepted in good faith, Emefiele is an expert in the field and should be able to tell Aktiku what is right. [/s]

mfm04622:


[s]Was it CBN that supervised Saudi Arabia, Russia, Angola and other oil dependent countries into recession at the same time?
As long as Nigeria depends on crude oil, we will be go into recession anytime crude calls! The fact that Nigeria was the first country to exit recession showed we need to command CBN.
Don't mistake the medicine with the disease! Restriction of FX for some product is the medicine. The recession is the disease![/s]

mfm04622:


Was it CBN that supervised Saudi Arabia, Russia, Angola and other oil dependent countries into recession at the same time?
As long as Nigeria depends on crude oil, we will be go into recession anytime crude calls! The fact that Nigeria was the first country to exit recession showed we need to command CBN.
Don't mistake the medicine with the disease! Restriction of FX for some product is the medicine. The recession is the disease!

goaldynboy:


I SMELL LIES!!
While a minister is part and parcel of an incumbent government and so can delve into partisan politics; central bank is an independent body and should not be seen to be partisan!
It is also a monumental lie to say Buhari rewarded Akinwumi Adesina! How?! When?! Where?! You think it was it Buhari that appointed him to head African Development Bank?!

goaldynboy:


Another lies from the pit of hell!

Since the history of Nigeria, the country has only plunged into recession twice under the supervision of
the same Dullard called Muhammadu Bahari! First in 1983 and then in 2015! What a coincidence!!

madridsta007:



I'm not sure you know whom you are speaking to. What determines and influences recession in any country is simply the country's macroeconomic policies. Nigeria's economy is service-oriented and import-based, hence the need for stable macroeconomic policies, which Buhari's totalitarian regime can not provide.

Low oil prices has been a common occurrence since OPEC started setting these prices; in November 1998, oil prices were as low as $17.89 per barrel; Nigeria did not fall into a recession because of this. However, in 1983-1985, when oil prices ranged between $80.13 per barrel and $68.57pd, Nigeria fell into recession under the administration of General Buhari- not a surprise, if one is honest. I could give you details of his crude and uncertain "economic policy" at that time, which led Nigeria into a recession, if you want.

The markets do not react to oil shocks as much as we think they do; hence, with the Iraq War of 2003, when oil prices dropped, Nigeria did not fall into a recession under Obasanjo simply because of a solid macroeconomic policy. Same with when America and much of the EU dropped into a banking-crisis driven recession; our good [stable] macroeconomic policy ensured Nigeria was insulated from that. If CBN told you that it was due to the drop in oil price, hence the Buhari recession, I am afraid my friend; they sold you a lie.

mfm04622:


My question remain the same. Was it CBN that managed those countries into recession same time Nigeria went into recession? Answer that first.
Now, seems you didn't know the last global recession started in US! With the failure of the Lehmann Brothers. Yes, US exited recession faster than Europe. It was due to the methods they used. There are two ways to fight recession. 1. Expand your economy by spending. You get the money by borrowing or just printing money. US did both. Go and check rate of increase in borrowing under Obama's first term in office. The EU chose to save and reduce government spending. Both will get you out of recession but we now know the spending way will do it faster. As long as your economy is productive enough to pay generate money to pay back.

Won't be responding to you again. You are not willing to learn. Just answer my question sincerely and you will know the answer

GoodMuyis:


You think other counties did not want their candidate to won. Pls read

https://www.vanguardngr.com/2015/06/how-adesina-won-afdb-presidency/

mfm04622:


[s]Student if history, go and check if oil price dropped in both situations or not! In the first time, the recession has started. Or what caused "Austerity Measure" introduced by Shagari government? Or you think you are talking to a child of yesterday?[/s]

igwefivestar:
oga CBN, trade with caution