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Nairaland Forum / Nairaland / General / Politics / FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi (19018 Views)
Naira Floating by Tinubu was Ill-advised-Atiku / Forex Crisis: Our Crude Oil Sold In Advance β NGF / FOREX Crisis: FG Plans Talks With Looters, Eyes Mop-Up From Hoarders (2) (3) (4)
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Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by victorVIC1(m): 9:31am On Feb 25 |
Zico5: Still does not override the accuracy of his recommendations. Our earning in FX is very low. Until there is a significant improvement in local production and corresponding increase in exportation, nothing will change. What we are currently treating are the symptoms and not the root cause. It is not a rocket science |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by adexpa(m): 9:32am On Feb 25 |
The most easiest job in this world is the job of a spectator. He only sit, and watch thing as they unfold and then give the perfect advice on how the person who did it should have done it. Consumption to Production (Demand and supply) is the basic economic mathematics that even the woman in the market understand talkless of the educated people in power. Nigeria Consumption/Production habit has been a major problem for years and you can not expect that to be turned around overnight. Government can not focus only on one thing; while they find ways on Consumption/Production, they need to work on saboteurs who take advantage of the system. We all need to understand that all develop countries got there through different reforms and policies; several trials before they could find the suitable one. Policies are peculiar to culture and environment too; the policies that work in a sincere environment will be tough to find place in a country like Nigeria where almost everybody is a thieve. 1 Like |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by Cmeo(m): 9:33am On Feb 25 |
How do we achieve strong regulation when there is no enforcement in a capitalist economy?? Let the government carry out it's function on saboteurs and illegal operators please. |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by harsysky(m): 9:34am On Feb 25 |
One thing I love Obi for is that he will keep telling FG to fight corruption in all his statements, but I haven't heard the president talk about anything corruption because he embodies it. Everyone around him, too is corrupt. We see one chance, open our koro koro eyes, enter am |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by boxypane(m): 9:35am On Feb 25 |
Obi been dey make sense. E don dey listen to madman again. 1 Like |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by kunle4toyeyaho: 9:37am On Feb 25 |
OPICANTO2223:idea on how to rule Nigeria? 'Hoe bee' that was Governor for 8years and could not solve common erosion problem,If he had no idea to solve simple erosion problem in his state,how can he have an idea on how to govern Nigeria? 1 Like |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by ssogundele(m): 9:38am On Feb 25 |
jmoore: But Jehovah knows how to rescue his own. But God made Ahithophel advise useless. We pray for our leaders so that they may rule with wisdom to the glorification of God. Those planning evil against the country, may they be put to shame. Just like Harman who plotted to destroy the Israelites but ended been destroyed. |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by Oluwademilade: 9:38am On Feb 25 |
But naira has been gaining. This guy will criticize anything |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by hosemujica: 9:44am On Feb 25 |
CilicMarin:It will go back up again, the problem is still there itβs difficult to solve. |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by Af0nja: 9:57am On Feb 25 |
johnjose68: From your comment it's obvious you think with the head of your small prick which is obviously bigger than your brain. |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by Af0nja: 9:58am On Feb 25 |
MikoB: You went to the bank to change currency, and you compare that to the open system of exchange?? |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by optimusprime2(m): 10:00am On Feb 25 |
The moment I saw EFCC harassing BDC folks, I just knew this Government have completely lost it, no person who understands an open market, economics and trade will attack BDC's as the main cause of an ailing currency, infact it sounds dΓΉmb. FYI the Government has made it worse, because they have suppressed a market that conducts a considerable supply of FX nationally. In the absence of BDC's, can only banks keep up with a steady national fx supply... the answer is no, because there was already an fx supply shortage in the first place. Therefore that increased demand for fx will still crash the Naira value down, don't forget CBN has been illegally printing more Naira than stated, thus there is an excess of Naira in circulation, so in a situation where the value of the Naira is floated... what do you think will happen? 1 Like |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by millionboi2: 10:07am On Feb 25 |
OPICANTO2223:why say so.....his advice is need for the survive of the country,abi if the country end now, which country will he become their president. |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by onlinediva: 10:09am On Feb 25 |
CilicMarin: Well said |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by sukkot: 10:12am On Feb 25 |
Hehe na so I go see one forex guy . The guy was panicking and sweating bullets when I saw him ππ . I say Ogbeni why you Dey panic like this na , the guy say dem Dey arrest BDC guys π€£π€£π€£π€£ . The guy say the whole country done red finish say him no Dey even buy dollar again |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by tunjilana: 10:12am On Feb 25 |
In his several years of being a billionaire, how many production companies can he point to... Where are his factories in Nnewi, or Agbara, or Aba or Sharada or Oluyole.... He will proudly say he is a Trader....using scarce FX to bring in goods that he could have manufactured here and create employment....Doing that from his youthful age till now... And now that he is a seventy year old man (in Asari's voice)....he suddenly remembers the power of production...No be fellow billionaires like am set up innoson, Emzor paracetamol, Chivita etc....na to dey import wine, tin tomato, mayonnaise and tooth pick.... Nigerians kuku no know the difference between black and white....every comment is good to them 1 Like 1 Share |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by cmikel: 10:13am On Feb 25 |
OPICANTO2223: FOR GIVING ADVICE THEY WILL NOW SAY OETER OBI IS THE PROBLEM WATCH AND SEE . |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by wales4real(m): 10:15am On Feb 25 |
Is this action against the BDC operators not part of fighting corruption or I'm I missing something? Talk on the surface is cheap when you don't even know how to actualize your talks. Mr Obi thinks corruption is just in government. |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by Trippledots(m): 10:20am On Feb 25 |
jumper524: Is this gain based on real economic improvements or just a normal TA of an overbought price pair? After this drawback, the explosive tumbling of the naira will shock both the living and the dead. FX has TA and FA for a reason o. |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by millionboi2: 10:20am On Feb 25 |
Iamhawkeyez:so what are you producing,I think is better to use what ever working strategy to hold it. |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by Trippledots(m): 10:21am On Feb 25 |
sukkot: πππ 1 Like 1 Share |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by Personperson01(f): 10:22am On Feb 25 |
chisomkachy:Oga hush... If you be BDC drop location make them raid 1 Like |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by MikoB: 10:24am On Feb 25 |
Af0nja: There is no open stystem like the one in nigeria here, it's either in the banks or a regulated closed offices. 1 Like |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by psucc(m): 10:25am On Feb 25 |
PO don drop another quadratic equation. Can the Tinubu led government find the variables and solve this? If they do, better for us all. |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by NEIGHBOUR(m): 10:26am On Feb 25 |
Ironically, the person shouting production is one of the major importers of everything even to toothpicks to his supermarkets. I love the way the government just ignored him with no response. They prefer to respond to Atiku. 2 Likes |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by Bluearrow: 10:31am On Feb 25 |
dettolgel:God bless u for the bold They don't know they further destroy the economy by doing this. A country without job, the little job people manage to create for themselves, they still take it from them all in the name of solving a problem they created themselves. 1 Like |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by stano2(m): 10:33am On Feb 25 |
CilicMarin:For how long, ask yourself this question 1 Like |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by Nduzeal4life: 10:35am On Feb 25 |
MikoB: please which country are you residing in? |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by millionboi2: 10:36am On Feb 25 |
Naijadaily:I will believe you,if it continues by Monday |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by slowice(m): 10:37am On Feb 25 |
Man is sound.... Man understands economy... Man is vast..... Man reads..... Man does his research well but na druggie ancestor dey rule. God bless PO |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by millionboi2: 10:38am On Feb 25 |
SMARTMOTORS:don't you think thy did the right thing but was rigged? |
Re: FOREX Crisis: Raid On BDCs Ill-Advised, Wrongly-Directed - Peter Obi by providencia(m): 10:43am On Feb 25 |
MikoB: Well said |
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