Bevista:
Plagiarised analysis? Very funny!
---
The government does not need to take Ubah up on any nonsense offer. He is a Nigerian elite, he has access to the Presidency, NASS, CBN, media houses, etc. Let him vomit what he has to offer. Why does he need to be consulted before he offers suggestion to help his country in crisis?

Bevista:
Every Nigerian wants to hear Ubah out, not just the government. But he is being true to type, he wants to be consulted so he milk the country millions in consultancy fees.
---
Nigeria is in an exchange rate crisis. If he is, indeed, a patriotic Nigerian, he should air his views openly so we can all interrogate his suggestion. The Israeli prophet you referred to, most likely, aired his views openly.

Just imagine if 170 Million Nigerians are subject to this type of "Trial and Error", voodoo Economics from such illiterates like Ubah, without any form of Scientific Backup?
This is not a "test" of whether Ubah can jump down from a two storey building but about Nigeria's economy?

Like you guys said, Ubah is TRUE TO TYPE........ Money is their God, its all about the Money!
He cant help his country (after all the damage him and his family have done to the same country)...... EXCEPT HE IS PAID CONSULTANCY!


This Illiterate riff-raff that criminally looted the treasury with his accomplices in Govt positions, is forming intelligent?
Ego-buduike! I hail o!



Lastpage!

fortune1968:
Any words of wisdom from jona ? you need think deeply. jona. ! Jonathan of a stealing is not corruption fame ! Somebody who looted and watch others loot with him ! Which transformation ? Jonathan had already wrecked Nigeria not only the economy .and the result we are seeing now . so wake up and purge yourself of the Ethnic hatred in you so DT you may see clearly .Sai baba !

Chai! D juju is still working on some zombies while many have cleared their eyes. I know it's a bitter pill for u to swallow after praising ur Bubu and hoping that in 3months of his Administration you'll start collecting N5000 every month but 9months after your Bubu no shake body and hunger dey tear u apart. Sorry brother, suffering and smiling is not new in your region.

This Man have good intentions the way he did it during the fuel crisis but the people that are working for him are very funny, especially the chairman of ifeanyi uba football club. I don't know why they will be owing their officials last year's salaries. They even ask them to sign that they have paid them for four months while they were paid only two months. The assistant coach that refused to sign have not collected one kobo till today.
Please Oga, help the assistant coach and pay him even if the chairman refuse, out of your generosity, pay him.

Thank you.

The wailers keep spewing the "aha" tantrums

Bugatie:


Stop the grammar and give him a chance, besides he has not asked to be paid or given appointment.

Y didn't he help GEJ his friend when it was $1 to N230.? he should look somewhere to experiment his weird economics. All the yesterplayers responsible for our present state can't be trusted with serious state issues. so tell Ubah to start his Eldorado in Anambra, if it works we can go beg for his uncommon expertise. mtcheeeww.

Mboi:

Chai! D juju is still working on some zombies while many have cleared their eyes. I know it's a bitter pill for u to swallow after praising ur Bubu and hoping that in 3months of his Administration you'll start collecting N5000 every month but 9months after your Bubu no shake body and hunger dey tear u apart. Sorry brother, suffering and smiling is not new in your region.

I'm not surprised .The people you know are putting their baby factory activities on poverty !

fortune1968:
I'm not surprised .The people you know are putting their baby factory activities on poverty !

Very soon your gods will start giving your children nasco biscuits and write on national newspaper that they are feeding your children for you. You think blindness is only when you cannot see light of d day. Knowing how to read and write does not make a wise man.

Bugatie:


...and which by me also, I don't expect Ubah to let out to the public, call it business secret, code whatever you like

Based on your stand, I will agree with you U. Since Ubah is a capitalist, and as such will want some value in sharing an idea that will help his country, by the way of FG consulting him, if that is what you are saying, there is no problem.

He could have just given us alittle tip on how he intends to make the Naira stronger.

ndigbo:


Based on your stand, I will agree with you U. Since Ubah is a capitalist, and as such will want some value in sharing an idea that will help his country, by the way of FG consulting him, if that is what you are saying, there is no problem.

He could have just given us alittle tip on how he intends to make the Naira stronger.

Is it not the same Man who cannot pay his players ans coaching crew, that wants to teach us how yo increase the value of the Naira?

Did you ever heard of Dangotte owing his workers FOUR Months salary?
That is a man that knows what he is doing but you will never hear him utter this type of thrash and asking to be "consulted".
Dangotte voluntarily gives ANY GOVERNMENT in Power, advice, if he has something relevant to say.

But as usual, it is these sort of empty barrel Ubah, that would be making large noises!


Abeg, next level joor.



Lastpage!

You guys have said enough I like all the comments (although I didn't read them all but just assume I read yours or will read them later when dollar falls).

But let me talk (clearing throat ).
I think the man has a secret!
Okay you don't believe?
Well it's old economics the world have abadoned.
Yes, he is trying to to take NIGERIA back TRADE BY BATTER

Cool.

Bevista:
Ordinarily, I should not comment on this thread since Ubah has not mentioned how he would go about it. However, for the benefit of those who might get swayed by his cheap claims, I'll say something.
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The exchange rate (PRICE of dollars) is determined primarily by SUPPLY of dollars (through exports, FDIs, foreign borrowing, etc) and DEMAND for dollars (through imports, payments of foreign school fees/medical bills, online purchases, etc). The NET flow of these transactions determine the Balance of Payments (BOP) account with the Central Bank. Elementary economics tells us that when demand exceeds supply, prices go up!
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Coming back to Nigeria, it is well known that oil accounts for 95% of our FX earnings. As oil prices have collapsed from ~$100 in 2014 to ~$30, our supply of dollars has dropped tremendously. This is even worse when one considers that our cost of oil production is ~$20/bbl, meaning that our dollar revenue from oil has dropped from ~$80/bbl to ~$10/bbl. On the demand side, the request for imports are increasing. With such supply shock and increasing demand, there is only one way for the exchange rate to go. This is basic economics and has nothing to do with Emefiele or Buhari, except you are simply being mischievous or grossly ignorant.
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When oil price collapsed from around $147 to $38 in 2008 due to the Global Financial Crisis (GFC), Nigeria had a Foreign Reserve of ~$62bn. The then CBN Governor had to spend ~$20bn from the Reserves to meet import demand thereby preventing devaluation/depreciation. Between 2011 & 2014, oil price was above $100, meaning that the administration never had a dollar supply problem and so could maintain a stable exchange rate. Fast forward to late 2014 when oil prices slid to ~$60 and the administration faced its first supply shock, the CBN had to devalue the Naira twice within a period of 4 months (Nov 2014 & Feb 2015) because the Reserves were too low (<$35bn) to deplete to support imports. Now in 2016, oil prices are around $30/bbl while FX Reserves is less than $28bn. The supply shock has reached unprecedented levels, yet demand for imports has not decreased. There is absolutely no way that the exchange rate can stay below N250/$. Simple economics says that price will continue to move till a new equilibrium is reached where demand equates supply.
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There is no policy from Emefiele, Soludo, Greenspan, Bernanke or any other Central Bank governor that can strengthen the Naira in the near term. Except we want to completely deplete the Reserves or go to the IMF to borrow SDRs just to meet import demands. Brace up folks, if oil price collapses to $20 (thereby increasing the supply shock) the exchange rate shall hit N1000/$ and I repeat, this has nothing to do with Emefiele or Buhari but simply economic forces. The only thing that can save the Naira is either for SUPPLY of dollars to increase (through high oil price) or DEMAND to reduce. Since we do not have control over the supply side, we can at least focus on managing the demand side. Remember Ben Bruce #BuyNaijaToGrowTheNaira? It's about demand management.
---
So Mr Ifeanyi Ubah, you have zero knowledge on what you are talking about. With all the money you made from the last government, you can start by building a refinery or some other manufacturing facility (like Dangote) to help us substitute for imports. That would help the Naira more than you seeking cheap consultancy from the government. Or except you want to broker a deal for the government to give amnesty to your Dasuki-Gate friends, so they can bring out stashed up dollars from soakaways and graveyards to support the economy.

without meaning to sound disrespectful sir u will make a very bad researcher and student. In line with valid & sound reasoning u can only challenge him to tell u the "How" of his assertion or wait to see if the federal government will give him the chance by consulting him and then u can be in the right order to criticize his moves. Not minding the merit of your post u are totally out of order

irynterri:
maybe he knows something that you do not know

My brother Man help me tell him. He is at best an academia & d fact that he( the poster) doesn't know the solution doesn't mean that another person don't know the solution

McTobe:
without meaning to sound disrespectful sir u will make a very bad researcher and student. In line with valid & sound reasoning u can only challenge him to tell u the "How" of his assertion or wait to see if the federal government will give him the chance by consulting him and then u can be in the right order to criticize his moves. Not minding the merit of your post u are totally out of order

Noted Sir.

Babacele:
Y didn't he help GEJ his friend when it was $1 to $230.? he should look somewhere to experiment his weird economics. All the yesterplayers responsible for our present state can't be trusted with serious state issues. so tell Ubah to start his Eldorado in Anambra, if it works we can go beg for his uncommon expertise. mtcheeeww.

You are right!!!!!!!!the same man who was among the cabal that benefited from the massive fraud under the fuel subsidy era....he is a big hypocrite....

Sometimes comment like this makes me think we Nigerian citizens we don't love our country, do you have to wait for the government to ask you how we can move the economy forward and leave this trying period we are when you obviously have the solution to the preset problem. If MR Ubah or whatever his name is, if he truly have something sensible to offer he should just say it out and stop yearning rubbish about government consulting him

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