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Nairaland Forum / Nairaland / General / Politics / Senate To Invite Emefiele Over Naira Devaluation (46583 Views)
New Naira Policy: Gbajabiamila Faults Buhari, Emefiele Over CBN Policy / Toyin Badmus: Iyaloja Of Abuja Calls Out Emefiele Over Naira Scarcity (Video) / 35 State Governors Invite Godwin Emefiele Over Naira Redesign, Withdrawal Policy (2) (3) (4)
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Re: Senate To Invite Emefiele Over Naira Devaluation by Cognitivereason: 7:50pm On Jul 27, 2022 |
anigbajumo: I know that ..we need those refineries like now.. if Dangote is running out of money to complete....now is the time to give him part of our national budget to complete that damn thing... |
Re: Senate To Invite Emefiele Over Naira Devaluation by ufotunang: 7:52pm On Jul 27, 2022 |
It's not the central bank govenor that caused allthis problem.. .it's the federal government and Buhari...a country that is always importing goods , products, fuel, disel, kersosene, gas and the country Nigeria is not producing much and exporting...it's dollars that will be used for importation.... politicians, rich men send their children abroad to school.. dollars is used...health care abroad... dollars is used... manufacturers have to import machies , raw materials for production... dollars is used... politcians using dollars to buy votes from delegates during their party primaries election..so the demand and pressure for dollars is high .. which makes the exchange rate high and devalues the naira... Nigeria is not exporting much to earn dollars and pounds... that is the problem ...not CBN governor 2 Likes |
Re: Senate To Invite Emefiele Over Naira Devaluation by naijamerican: 7:53pm On Jul 27, 2022 |
May Gawd punish any Nigerian seriously considering voting APC 1 Like |
Re: Senate To Invite Emefiele Over Naira Devaluation by dododawa1: 7:55pm On Jul 27, 2022 |
No one understands the nation again, BUHARI and co will answer Almighty one day. |
Re: Senate To Invite Emefiele Over Naira Devaluation by t2luv1: 7:56pm On Jul 27, 2022 |
MITCHELL96: This CBN governor is the most incompetent human being I have ever seen. The man is clueless when it comes to financial matters. You prohibit BDC from getting dollars but made it hard for ordinary people to walk into a bank and buy the dollar for their business. You selling dollars to the banks @416. The banks then turn around and use the money to fund their international debit card @ 590. If that wasn't comical enough the same banks sell the dollar to the BDC at an inflated price. When this man was appointed dollar was trading @ 510 now its @ 710, The man should have been arrested and charged with treason. When Buhari was elected exchange rate to dollar was @ 184 yeap @184. Your CBN guy is a banker, not someone that should have been put in that position. |
Re: Senate To Invite Emefiele Over Naira Devaluation by okeysoninv: 7:56pm On Jul 27, 2022 |
Nigerians are not asking fundamental questions to this CBN govt. Nigeria exports about $60b crude oil annually,$70b gas annually , remittance $20b . are we supposed to be in this mess with this excess dollars about $150b dollars annually from this. I have included non oil exports. so where all the money going yet there are scarcity of dollars everywhere. 1 Like |
Re: Senate To Invite Emefiele Over Naira Devaluation by t2luv1: 8:01pm On Jul 27, 2022 |
ufotunang: Your CBN man created this mess by reducing the supply of Dollars to the BDC. The man is a banker he has always done the bidding of the banks, He created scarcity which is exactly what he wanted. To correct this mess start selling dollars to the BDC @ 416 then watch what will happen |
Re: Senate To Invite Emefiele Over Naira Devaluation by ufuosman(m): 8:01pm On Jul 27, 2022 |
Na na daybreak dis useless senators |
Re: Senate To Invite Emefiele Over Naira Devaluation by FireUpNow(m): 8:02pm On Jul 27, 2022 |
Cognitivereason:then what is responsible for the devaluation? |
Re: Senate To Invite Emefiele Over Naira Devaluation by t2luv1: 8:03pm On Jul 27, 2022 |
okeysoninv: Exactly there is no scarcity of Dollars this whole mess was an artificial scarcity created by the greedy CBN head man |
Re: Senate To Invite Emefiele Over Naira Devaluation by cococandy(f): 8:04pm On Jul 27, 2022 |
kayperry:probably the most sensible thing you’ve ever said in your life 2 Likes |
Re: Senate To Invite Emefiele Over Naira Devaluation by kay29000(m): 8:05pm On Jul 27, 2022 |
GeneralPula: Nice breakdown. 1 Like |
Re: Senate To Invite Emefiele Over Naira Devaluation by okeysoninv: 8:06pm On Jul 27, 2022 |
t2luv1:they are not telling Nigerians the truth. our import doesn't reach $80b annual so where are dollars earns from oil, gas, remittance, other solid minerals and agriculture going. we need explanation. |
Re: Senate To Invite Emefiele Over Naira Devaluation by feniken: 8:10pm On Jul 27, 2022 |
EMEFIELE MUST GO!!!! THE WORST CBN GOVERNOR EVER |
Re: Senate To Invite Emefiele Over Naira Devaluation by TheOldGods: 8:12pm On Jul 27, 2022 |
KushLyon:yes you are living better than the Nigerian, but that was not the question the guy was emphasising. If you are arguing that you earn more than a Nigerian who earn the same as of when the dollar was low, then you're a big man ofcourse compared to him or her. That's where earning in dollar is now considered better. However the cost of things have also gone far above the person earning dollars. Before a c300 car 2010 was sold at 3 million,. But now it 5.5million. So assuming you earn 100$ which was 50k and the Nigerian was also earning 50k, yes you are now 70k richer abi 20k richer, but now you have to buy the car at 5.5million, instead of 3mil. So if it was supposed to take you 60 months at 100$ saving a month to buy a Mercedes c300 for 3 million, now it will take you 85 months 2 Likes |
Re: Senate To Invite Emefiele Over Naira Devaluation by feniken: 8:13pm On Jul 27, 2022 |
LIKE ENDSARS, EMEFIELE MUST GO! THAT IS THE NEXT MOVEMENT..... dododawa1: |
Re: Senate To Invite Emefiele Over Naira Devaluation by t2luv1: 8:13pm On Jul 27, 2022 |
christejames: That sound mind is very very subjective. The man has never come across as being bright to me. The man is as dumb as a doornail if you ask me. He stopped selling BDC dollars @416 because the BDC turn around and sell the dollar @508 which to him was too high. now that is @ 700 will you still call him sound mind 2 Likes |
Re: Senate To Invite Emefiele Over Naira Devaluation by anigbajumo(m): 8:14pm On Jul 27, 2022 |
Cognitivereason: Not possible, The only help we can do is to provide excess fX for him….Our current debt to revenue is negative as at second quarter of 2022, Deficit of over 300billion…Imagine adding up of billions of Naira via supplementary budget because of one private investor?? That’s not a wise decision bro… 1 Like |
Re: Senate To Invite Emefiele Over Naira Devaluation by Fordzzy(m): 8:15pm On Jul 27, 2022 |
Brookdcook:
|
Re: Senate To Invite Emefiele Over Naira Devaluation by kay29000(m): 8:15pm On Jul 27, 2022 |
Cognitivereason: Sound analysis. |
Re: Senate To Invite Emefiele Over Naira Devaluation by vedaxcool(m): 8:16pm On Jul 27, 2022 |
Splitmind: ignore the non-compos mentis, he last had a good meal where his table gods were in power, he never recovered. |
Re: Senate To Invite Emefiele Over Naira Devaluation by tfelicityk(m): 8:16pm On Jul 27, 2022 |
Inviting the CBN governor to come and do what? Useless and shameful people. What is the country producing for exports? How is what we produce in the Nation for exports are valued? The importations rate is high for the Nation. |
Re: Senate To Invite Emefiele Over Naira Devaluation by SeaTrade(m): 8:26pm On Jul 27, 2022 |
Cognitivereason:I see, If they can ramp up production of crude to meet local needs and still have enough to export to earn enough forex ,then it's a good deal. 1 Like |
Re: Senate To Invite Emefiele Over Naira Devaluation by RepoMan007: 8:32pm On Jul 27, 2022 |
Very soon boys will open crowd funding accounts to escape poverty. |
Re: Senate To Invite Emefiele Over Naira Devaluation by jamesoluwaseun(m): 8:32pm On Jul 27, 2022 |
Why is the upper chamber now behaving as if they've not been in this country since? O ga oo |
Re: Senate To Invite Emefiele Over Naira Devaluation by aimmoney9: 8:35pm On Jul 27, 2022 |
SenatePresdo:They met dollar at 160 and took it to 700 and climbing...... 1 Like |
Re: Senate To Invite Emefiele Over Naira Devaluation by aimmoney9: 8:41pm On Jul 27, 2022 |
Now all of you know emefiele is a good for nothing....... I had been complaining about that idiot since and his archaic terrorist policies, to the point of creating a thread about him but everyone were adamant, some fools even supported his presidential candidacy bid after he paid 100 million for that shit...... Finally you are all in the know, it shall never be well with emefiele...... |
Re: Senate To Invite Emefiele Over Naira Devaluation by Everlastingson: 8:45pm On Jul 27, 2022 |
Cognitivereason: In all these your analyses you seem to forget that the country is ruled by thieves. The thievery of the ruling class is the key reason things are so bad. We need someone who will stop or at least reduce the looting, otherwise nothing will work. Because they will steal every kobo. As it stands now only Peter Obi will stop their looting. He did it in Anambra State. |
Re: Senate To Invite Emefiele Over Naira Devaluation by kizyalex10(m): 8:46pm On Jul 27, 2022 |
ijustdey:with all these disasters,yet some people re still placing sentiments above competence,may all workers of inequities perish |
Re: Senate To Invite Emefiele Over Naira Devaluation by yad2eidi: 8:47pm On Jul 27, 2022 |
May una dey relax , na the whole world dollar go up |
Re: Senate To Invite Emefiele Over Naira Devaluation by yad2eidi: 8:49pm On Jul 27, 2022 |
Rahkman:n una dey cast sites. Allow these people to concentrate on betnaija |
Re: Senate To Invite Emefiele Over Naira Devaluation by yad2eidi: 8:51pm On Jul 27, 2022 |
cRobo:name of app please |
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