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Nairaland Forum / Nairaland / General / Politics / Nigeria Needs To Devaluate Naira, Ease Dollar Restrictions- Sanusi (25049 Views)
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Nigeria Needs To Devaluate Naira, Ease Dollar Restrictions- Sanusi by Emekamex(m): 3:26pm On Oct 23, 2015 |
Nigeria will have to devalue the naira and loosen monetary policy to stimulate Africa's biggest economy hit by a plunge in oil prices, former central bank governor Lamido Sanusi said on Friday, criticising the bank's currency policy.Source-> http://mobile.reuters.com/article/idUSL8N12N32I20151023 Lalasticlala Obinoscopy 3 Likes 1 Share |
Re: Nigeria Needs To Devaluate Naira, Ease Dollar Restrictions- Sanusi by Nobody: 3:28pm On Oct 23, 2015 |
Sorry sir but your time is over.im just angry the year is almost over nd nigeria as a country has no direction or agenda.its not that i dnt like buhari but he should hurry up 49 Likes 2 Shares |
Re: Nigeria Needs To Devaluate Naira, Ease Dollar Restrictions- Sanusi by SeverusSnape(m): 3:29pm On Oct 23, 2015 |
We need "body language". "I will make the Naira equal to the dollar" - B00HARI. 65 Likes 4 Shares
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Re: Nigeria Needs To Devaluate Naira, Ease Dollar Restrictions- Sanusi by francoray(m): 3:29pm On Oct 23, 2015 |
As PDP senator's kept quiet when Chibuike Amaechi was in their midst.... So shall your enemies keep quiet when it's your turn to shine..... 76 Likes 5 Shares |
Re: Nigeria Needs To Devaluate Naira, Ease Dollar Restrictions- Sanusi by ShowYourCertificate: 3:32pm On Oct 23, 2015 |
We need Buhari's body odor 20 Likes |
Re: Nigeria Needs To Devaluate Naira, Ease Dollar Restrictions- Sanusi by Richie0974: 3:43pm On Oct 23, 2015 |
Help me tell them o.. 1 Like |
Re: Nigeria Needs To Devaluate Naira, Ease Dollar Restrictions- Sanusi by Liviintainment: 3:43pm On Oct 23, 2015 |
ok
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Re: Nigeria Needs To Devaluate Naira, Ease Dollar Restrictions- Sanusi by tolexy007(m): 3:44pm On Oct 23, 2015 |
Re: Nigeria Needs To Devaluate Naira, Ease Dollar Restrictions- Sanusi by EKONGKING: 3:44pm On Oct 23, 2015 |
The Nigerian economy is in a serious mess with lot of job losses. The earliest the president and his party APC understand the better. 5 Likes |
Re: Nigeria Needs To Devaluate Naira, Ease Dollar Restrictions- Sanusi by ajepako(f): 3:46pm On Oct 23, 2015 |
I think this old aboooki is high on expired Viagra he takes to satisfy that 18 years old girl he just snatched from the nursery! Shey he go talk that under a southerner? But now, he will talk bullshit to support the ineptitude of his fellow northerner. And he thinks the rest of Nigerians be mumu abi?.. Nonsense! 11 Likes 1 Share |
Re: Nigeria Needs To Devaluate Naira, Ease Dollar Restrictions- Sanusi by jammyunn(m): 3:46pm On Oct 23, 2015 |
Body language will do it. |
Re: Nigeria Needs To Devaluate Naira, Ease Dollar Restrictions- Sanusi by Nobody: 3:47pm On Oct 23, 2015 |
Bring back soludo as cbn governor...he's all we need now 8 Likes |
Re: Nigeria Needs To Devaluate Naira, Ease Dollar Restrictions- Sanusi by damton(m): 3:47pm On Oct 23, 2015 |
if the naira would be devalued, it should be done with the consideration of its pros and cons to the economy, business and how it can affect the purchasing power of the common man. This i believe would guide the making of a sound policy directions . 3 Likes |
Re: Nigeria Needs To Devaluate Naira, Ease Dollar Restrictions- Sanusi by Nobody: 3:48pm On Oct 23, 2015 |
Ok 2 Likes 1 Share |
Re: Nigeria Needs To Devaluate Naira, Ease Dollar Restrictions- Sanusi by ORACLE1975(m): 3:48pm On Oct 23, 2015 |
Fact |
Re: Nigeria Needs To Devaluate Naira, Ease Dollar Restrictions- Sanusi by smasher1(m): 3:48pm On Oct 23, 2015 |
Wow! |
Re: Nigeria Needs To Devaluate Naira, Ease Dollar Restrictions- Sanusi by naijainfogalery: 3:48pm On Oct 23, 2015 |
opportunities every where , But its crazy how 90% people see doom 5 Likes |
Re: Nigeria Needs To Devaluate Naira, Ease Dollar Restrictions- Sanusi by Ademat7(m): 3:48pm On Oct 23, 2015 |
Currency devaluation is d song of IMF n WORLD BANK however they r nva in d interest of common man.not surprise it's coming frm Sanusi Get a soft/hard copy of "confession of an economic hitman" by john perkins to understand my point 11 Likes 1 Share |
Re: Nigeria Needs To Devaluate Naira, Ease Dollar Restrictions- Sanusi by anonimi: 3:49pm On Oct 23, 2015 |
We may not need all that if Sanusi submits himself for probe instead of getting VP Osinbajo to buy him protection from our courts, not so barcanista: [size=14pt]The FRCN’s report on Sanusi[/size] [img]https://www.nairaland.com/download/660265[/img] The decision to suspend the Central Bank of Nigeria Governor, Sanusi Lamido was based on a report of the Financial Reporting Council of Nigeria dated June 7, 2013. The report was made after a review of Sanusi’s response to the query issued to him by the President over the apex bank’s financial statement of 2012. His response was dated May 20, 2013. According to a copy of the report obtained by our correspondent on Thursday, the council indicates that the explanation provided by the suspended CBN governor is “a clear display of incompetence, nonchalance, fraud, wastefulness, and abuse of due process and deliberate efforts to misrepresent facts on the part of the leadership of the CBN.” The council advised the President to exercise the powers conferred on him by Section 11(2)(f) of the CBN Act 2007 or invoke Section 11(2)(c) of the said Act “and cause the governor and the deputy governors to cease from holding office in the CBN.” The report read: The particulars of the infractions against Sanusi are: Persistent refusal and/or negligence to comply with the Public Procurement Act in the procurement practices of the Central Bank of Nigeria. (A) By virtue of Section 15 (1)(a) of the Public Procurement Act, the provisions of the Act are expected to comply to ‘all procurement of goods, works and services carried out by the Federal Government of Nigeria and all procurement entities.’ This definition clearly includes the Central Bank of Nigeria. (B) It is however regrettable that the Central Bank of Nigeria, under his leadership, has refused and/or neglected to comply with the provisions of the Public Procurement Act (PPA). You will recall that one of the primary reasons for the enactment of the PPA was the need to promote transparency, competitiveness, cost of effectiveness and professionalism in the public sector procurement system. More from: http://www.punchng.com/news/the-frcns-report-on-sanusi/ 16 Likes 2 Shares |
Re: Nigeria Needs To Devaluate Naira, Ease Dollar Restrictions- Sanusi by Obijulius: 3:50pm On Oct 23, 2015 |
Kerry be like: GEJ we miss you sha!!!!! Buhari how far...Oya listen to your brother, Sanusi. He is not corrupt and has never taken bribe. 23 Likes
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Re: Nigeria Needs To Devaluate Naira, Ease Dollar Restrictions- Sanusi by edogirl2: 3:50pm On Oct 23, 2015 |
Intervening in this public way just months after leaving office is unprofessional. It undermines Mr Emefiele. Mr Sanusi is either an Emir or an Economist. He can't be both. 8 Likes |
Re: Nigeria Needs To Devaluate Naira, Ease Dollar Restrictions- Sanusi by LordMecuzy(m): 3:50pm On Oct 23, 2015 |
liberty300: Soludo killed CBN feel free to ask any staff there We need Tony Elumelu 2 Likes 2 Shares |
Re: Nigeria Needs To Devaluate Naira, Ease Dollar Restrictions- Sanusi by repogirl(f): 3:50pm On Oct 23, 2015 |
DUH? That is the obvious thing to do but our Cow herder of a president can not get it! Can you blame him, when he barely has a school leaving certificate anyway! And so called literates put him in power! If you leave CBN they will devalue it like they were doing during Jonathan's time but this olodo president will not gree. The economy is soooo bloody tight and everything is constrained because of these desperate policies. Investors have pulled out and we are now in a recession. Rubbish! Abeg we need a correct finance minister and not a bloody puppet! 6 Likes |
Re: Nigeria Needs To Devaluate Naira, Ease Dollar Restrictions- Sanusi by omowolewa: 3:51pm On Oct 23, 2015 |
Devalue?! Abeg, let me pay bills first. 1 Like |
Re: Nigeria Needs To Devaluate Naira, Ease Dollar Restrictions- Sanusi by deebsman1(m): 3:51pm On Oct 23, 2015 |
Am not an economy expert, so am not gonna comment..... 2 Likes |
Re: Nigeria Needs To Devaluate Naira, Ease Dollar Restrictions- Sanusi by FYB(m): 3:51pm On Oct 23, 2015 |
Sanusi should calm down and concentrate on his Emirates. ......CBN is in a save hand. Buhari is also comfortable with the CBN monetary policy. |
Re: Nigeria Needs To Devaluate Naira, Ease Dollar Restrictions- Sanusi by TIMEISWISDOM(m): 3:53pm On Oct 23, 2015 |
I no longer listen to Nigerian professionals they would rather take a bigoted perspective of any issue than professional perspective. But for SLS I take an exception 3 Likes 1 Share |
Re: Nigeria Needs To Devaluate Naira, Ease Dollar Restrictions- Sanusi by Idrismusty97(m): 3:53pm On Oct 23, 2015 |
ajepako:Counter his claim or shut your cannibalism mouth. |
Re: Nigeria Needs To Devaluate Naira, Ease Dollar Restrictions- Sanusi by Elosky20: 3:54pm On Oct 23, 2015 |
soon u go devalue urself to please ur wife |
Re: Nigeria Needs To Devaluate Naira, Ease Dollar Restrictions- Sanusi by Cirphrank(m): 3:54pm On Oct 23, 2015 |
I second that. |
Re: Nigeria Needs To Devaluate Naira, Ease Dollar Restrictions- Sanusi by ajepako(f): 3:55pm On Oct 23, 2015 |
Idrismusty97: Actually, im not a cannibal I leave that to you.. And yeah.. I love you too 2 Likes |
Re: Nigeria Needs To Devaluate Naira, Ease Dollar Restrictions- Sanusi by DonaldGenes(m): 3:56pm On Oct 23, 2015 |
True |
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