- Ifeanyi Ubah laments current foreign exchange crisis facing the nation

– Faults fiscal policy being employed by the CBN and the Ministry of Fiance

The Managing Director of Capital Oil and Gas, Ifeanyi Ubah has said the current economic crisis bedeviling the country should have prompted government officials saddled with fiscal responsibilities in the country to have resigned their appointments.

Ifeanyi Ubah has accused the Ministry of Finance and the CBN of applying only academic fiscal policies rather than practical ones in the face of economic challenges bedeviling the country.
The businessman, speaking on a programme on Raypower FM, on Thursday, February 25, blamed the Minister of Finance, Kemi Adeosun and the governor of the Central Bank of Nigeria, Godwin Emefiele for the current foreign exchange crisis facing the nation.

Ubah faulted fiscal policy being employed by the Ministry Finance and the apex bank in dealing with the fiscal challenges experienced in Nigeria.

He accused both agencies of applying only academic fiscal policies rather than practical ones, noting that the government officials saddled with fiscal responsibilities should have resigned by now in the face of the current crisis.

This is not the first time Ifeanyi Ubah would be speaking on the economic challenges facing the country, few days ago he restated his earlier stance to improve the value of the Naira, vowing to bring it to N200 to $1 if the federal government would give him the opportunity to become its chief consultant on financial stability.

The business tycoon on Tuesday, February 23, said as a businessman and an economist, he is worried by the continuous fall of Naira and promised to stabilize it within a month, adding that failure to delivery on this promise, his asset worth over N500 billion should be forfeit.

LordAdam:
This man should jor shut up. What does he want Emefiele to do? Does he want Emefiele to print dollar. PMB said he should not devalue the naira. He has done all he can to stabilize Naira with the CBN monetary policies.

What the Nigerian economy needs is good fiscal policy from PMB, Osinbajo and Adeosun. You can't blame Adeosun because she was appointed in November and there are indications that PMB is running a one-man show. Also, the budget has not been passed so there's nothing she can do until the budget is passed and funds are available for constitutional spending.

All the blame should go to the junketeer dullard currently praying for Allah to cure him of his docility and being clueless in Mecca. When the economy was still manageable and he could have swiftly assembled an economic team and enacted good fiscal policies to quickly turn things around, he was busy doing honeymoon by visiting countries he had never had a chance to visit all through his life and romancing with career civil servants. Now he wants his equally clueless, noisome, daft buffoons called ministers to perform magic after creating mess for them.

He should hastily come back and pack his sh*t. Na im want presidency. Let him do his work or resign and go back to daura to drink kunu.

As for Osinbajo, I don't know if I should blame him or let him be. He is jor a mere commissioner. At least when Sambo was there we know he was occupying space to pacify the North and GEJ was doing both work of President and Vice President (after all he had experience with the latter). Osinbajo is worse. A professor, SAN, minister, and erudite technocrat reduced to messenger and Minister of State of Information, assisting Lai to spread lies and propaganda.

-Lord

LordAdam:
This man should jor shut up. What does he want Emefiele to do? Does he want Emefiele to print dollar. PMB said he should not devalue the naira. He has done all he can to stabilize Naira with the CBN monetary policies.

What the Nigerian economy needs is good fiscal policy from PMB, Osinbajo and Adeosun. You can't blame Adeosun because she was appointed in November and there are indications that PMB is running a one-man show. Also, the budget has not been passed so there's nothing she can do until the budget is passed and funds are available for constitutional spending.

All the blame should go to the junketeer dullard currently praying for Allah to cure him of his docility and being clueless in Mecca. When the economy was still manageable and he could have swiftly assembled an economic team and enacted good fiscal policies to quickly turn things around, he was busy doing honeymoon by visiting countries he had never had a chance to visit all through his life and romancing with career civil servants. Now he wants his equally clueless, noisome, daft buffoons called ministers to perform magic after creating mess for them.

He should hastily come back and pack his sh*t. Na im want presidency. Let him do his work or resign and go back to daura to drink kunu.

As for Osinbajo, I don't know if I should blame him or let him be. He is jor a mere commissioner. At least when Sambo was there we know he was occupying space to pacify the North and GEJ was doing both work of President and Vice President (after all he had experience with the latter). Osinbajo is worse. A professor, SAN, minister, and erudite technocrat reduced to messenger and Minister of State of Information, assisting Lai to spread lies and propaganda.

-Lord

opalu:
As they didn't give him the Consultancy job, he has started stating some of his recommendations

LordAdam:
This man should jor shut up. What does he want Emefiele to do? Does he want Emefiele to print dollar. PMB said he should not devalue the naira. He has done all he can to stabilize Naira with the CBN monetary policies.

What the Nigerian economy needs is good fiscal policy from PMB, Osinbajo and Adeosun. You can't blame Adeosun because she was appointed in November and there are indications that PMB is running a one-man show. Also, the budget has not been passed so there's nothing she can do until the budget is passed and funds are available for constitutional spending.

All the blame should go to the junketeer dullard currently praying for Allah to cure him of his docility and being clueless in Mecca. When the economy was still manageable and he could have swiftly assembled an economic team and enacted good fiscal policies to quickly turn things around, he was busy doing honeymoon by visiting countries he had never had a chance to visit all through his life and romancing with career civil servants. Now he wants his equally clueless, noisome, daft buffoons called ministers to perform magic after creating mess for them.

He should hastily come back and pack his sh*t. Na im want presidency. Let him do his work or resign and go back to daura to drink kunu.

As for Osinbajo, I don't know if I should blame him or let him be. He is jor a mere commissioner. At least when Sambo was there we know he was occupying space to pacify the North and GEJ was doing both work of President and Vice President (after all he had experience with the latter). Osinbajo is worse. A professor, SAN, minister, and erudite technocrat reduced to messenger and Minister of State of Information, assisting Lai to spread lies and propaganda.

-Lord

Naija9090:


If PMB is running a one-man show, then Emefiele and Adeosun should resign honorably citing interference from executive. Don't tell him to shut up when you are nobody; where were you when he came to the nation's rescue in 2015? He is a business man, an economist and a concerned citizen...has constitutional right to voice his opinion. He is currently 45 yrs old, became a millionaire at the age of 17 and a billionaire at age 24. He founded Capital Oil at age 29 in 2000; the largest privately owned downstream oil and gas company in the history of Nigeria, accounts for nearly 40% of the nation market supply. For a man to singlehandedly build a fortune, a business empire of this magnitude... his input is highly welcome!

http://www.capitaloilandgasind.com

LordAdam:
This man should jor shut up. What does he want Emefiele to do? Does he want Emefiele to print dollar. PMB said he should not devalue the naira. He has done all he can to stabilize Naira with the CBN monetary policies.

What the Nigerian economy needs is good fiscal policy from PMB, Osinbajo and Adeosun. You can't blame Adeosun because she was appointed in November and there are indications that PMB is running a one-man show. Also, the budget has not been passed so there's nothing she can do until the budget is passed and funds are available for constitutional spending.

All the blame should go to the junketeer dullard currently praying for Allah to cure him of his docility and being clueless in Mecca. When the economy was still manageable and he could have swiftly assembled an economic team and enacted good fiscal policies to quickly turn things around, he was busy doing honeymoon by visiting countries he had never had a chance to visit all through his life and romancing with career civil servants. Now he wants his equally clueless, noisome, daft buffoons called ministers to perform magic after creating mess for them.

He should hastily come back and pack his sh*t. Na im want presidency. Let him do his work or resign and go back to daura to drink kunu.

As for Osinbajo, I don't know if I should blame him or let him be. He is jor a mere commissioner. At least when Sambo was there we know he was occupying space to pacify the North and GEJ was doing both work of President and Vice President (after all he had experience with the latter). Osinbajo is worse. A professor, SAN, minister, and erudite technocrat reduced to messenger and Minister of State of Information, assisting Lai to spread lies and propaganda.

-Lord

Naija9090:


If PMB is running a one-man show, then Emefiele and Adeosun should resign honorably citing interference from executive. Don't tell him to shut up when you are nobody; where were you when he came to the nation's rescue in 2015? He is a business man, an economist and a concerned citizen...has constitutional right to voice his opinion. He is currently 45 yrs old, became a millionaire at the age of 17 and a billionaire at age 24. He founded Capital Oil at age 29 in 2000; the largest privately owned downstream oil and gas company in the history of Nigeria, accounts for nearly 40% of the nation market supply. For a man to singlehandedly build a fortune, a business empire of this magnitude... his input is highly welcome!

http://www.capitaloilandgasind.com

Pwayne2016:
Only Adeosun should resign not Ifeanyi Emefiele...dat woman is an ineffectual Buffoon

LordAdam:
This man should jor shut up. What does he want Emefiele to do? Does he want Emefiele to print dollar. PMB said he should not devalue the naira. He has done all he can to stabilize Naira with the CBN monetary policies.

What the Nigerian economy needs is good fiscal policy from PMB, Osinbajo and Adeosun. You can't blame Adeosun because she was appointed in November and there are indications that PMB is running a one-man show. Also, the budget has not been passed so there's nothing she can do until the budget is passed and funds are available for constitutional spending.

All the blame should go to the junketeer dullard currently praying for Allah to cure him of his docility and being clueless in Mecca. When the economy was still manageable and he could have swiftly assembled an economic team and enacted good fiscal policies to quickly turn things around, he was busy doing honeymoon by visiting countries he had never had a chance to visit all through his life and romancing with career civil servants. Now he wants his equally clueless, noisome, daft buffoons called ministers to perform magic after creating mess for them.

He should hastily come back and pack his sh*t. Na im want presidency. Let him do his work or resign and go back to daura to drink kunu.

As for Osinbajo, I don't know if I should blame him or let him be. He is jor a mere commissioner. At least when Sambo was there we know he was occupying space to pacify the North and GEJ was doing both work of President and Vice President (after all he had experience with the latter). Osinbajo is worse. A professor, SAN, minister, and erudite technocrat reduced to messenger and Minister of State of Information, assisting Lai to spread lies and propaganda.

-Lord