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Nairaland Forum / Nairaland / General / Politics / Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari (16089 Views)
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Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by SillyMods: 8:49am On Aug 14, 2019 |
TheGoodJoe:At the end of the day, there isn't anywhere in the world where "the bulk does not stop at the president's table" even in matters of central bank and its activities. You know why? Because when everything goes south, it's the president that still gets the blame. Was this not same man Emefiele who released billions to GEJ for looting without any appropriation? Una never ready! 4 Likes 2 Shares |
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by TheGoodJoe(m): 8:50am On Aug 14, 2019 |
castiello: Buhari should maintain his lane and stick to the constitution he swore an oath to protect and uphold. |
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by Nicklaus619(m): 8:50am On Aug 14, 2019 |
SillyMods: My friend you need to understand and read in between the lines before raining insults, as an economist I can tell you that there is no where in the world that the government has absolute control over her Central Bank, its an independent body and as such charged with the responsibility of advising the government and not the other way around, its only in Nigeria that you guys use sentiment to tackle every issue, ignorance has eating black race so deep that they hardly see anything good apart from their silly believe, sentimental and a sycophantic attitude It's a pity ![]() 3 Likes 1 Share |
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by Nobody: 8:51am On Aug 14, 2019 |
Barondenigeria: Honestly, you guys are just giving this people attention. Let's stop quoting or familiarizing with them. Moist of them are vagabonds. Nothing works for them. Stop quoting them. Only a fool will support Buhari that is strangulating the economy. Please let's stop all relationship with this people. Let them keep wallowing in their foolishness. Once nobody cares nor help them, they will come to their senses. 3 Likes 1 Share |
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by Baroba(m): 8:51am On Aug 14, 2019 |
Prof, good luck trying to educate a dunce... 4 Likes |
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by Deepthoughts: 8:52am On Aug 14, 2019 |
Priscy01:Buhari is just a delusional dullard that falsely thinks he knows it all n thus keep wallowing in his folly of self righteousness, unfortunately his band of zombie supporters keep cheering him on causing him to stagger from one goof to the other,to buhari anything he doesn't understand is indescipline n corruption that can only be corrected by order n command, it's really a pity that Nigeria has to end up with a character like buhari in leadership due sentiments. 5 Likes |
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by TheGoodJoe(m): 8:52am On Aug 14, 2019 |
SillyMods: Is it not the same President who arrested a man organising a Peaceful protest and has flaunted court orders repeatedly? Is that the kind of person who should give orders to the Central Bank? Simple, the central bank is independent and the President should maintain his lane. 3 Likes 1 Share |
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by richard870(m): 8:52am On Aug 14, 2019 |
SillyMods:Please keep quiet and stop this nauseating t0mf00lery 2 Likes |
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by Osgilliat(m): 8:53am On Aug 14, 2019 |
Barondenigeria: That is the idea behind the directive given to CBN. To inflate the price of imported foods so that consumers will not patronize them and that will give our locally produce foods the chance to compete. I see no harm in these, it’s a win win. 3 Likes 1 Share |
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by Commentor: 8:54am On Aug 14, 2019 |
TheGoodJoe: Anytime the president speaks it would be construed as an order whether or not it is. 1 Like |
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by Gabi90: 8:55am On Aug 14, 2019 |
That's just what I was about to say What are you saying? There is a reason why the Central Bank should be an independent body to prevent Political Interference. Kingsley Moghalu has explained clearly that political interference is wrong and the Banking institution should know its stance for the better of the economy. After such explanation you write this. Shows you did not spend time to read the article to get the Former Presidential Candidates point. Moghalu is 100% right and this is an eye opener. Stand for the truth and not sentiments. [/quote] 3 Likes 1 Share |
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by TheGoodJoe(m): 8:56am On Aug 14, 2019 |
Osgilliat: Which in turn will cause the inflation of local goods due to the high demand. Thus, causing inflation. Buhari should do his Job and let the Central Bank do theirs. 3 Likes |
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by lafuria1(m): 8:56am On Aug 14, 2019 |
Barondenigeria:That's the idea, so that Nigerians can patronise locally made goods which wil lead to more jobs since demands for such goods will grow. Right now for some goods it's cheaper to import than produce , the govt wants to change. The idea is job creation which will reduce unemployment we all complian about. 4 Likes 2 Shares |
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by SillyMods: 8:56am On Aug 14, 2019 |
001spice:One of the lazy youths! 3 Likes 1 Share |
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by jrusky(m): 8:56am On Aug 14, 2019 |
Flyingngel: Gbammm!!! You are on point. 4 Likes |
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by throwaway: 8:56am On Aug 14, 2019 |
SillyMods:It's ur buhari dat know about governance abi. Welldone. The CBN is meant to act independent.... u forgot to read that part abi. Besides, u don't ho banning stuff when the local production isn't really there ... or capable f meeting considerable amount of demand. 3 Likes 1 Share |
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by Commentor: 8:57am On Aug 14, 2019 |
TheGoodJoe: Don't bring politics into this matter. Sowore contested for presidency barely 5 months ago. After losing, woefully at that, he's asking for a change of government via "revolution". Not even Jonathan would take that, talk less of Trump. 1 Like 1 Share |
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by ITbomb(m): 8:57am On Aug 14, 2019 |
Is like you want DSS to visit you 1 Like |
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by SillyMods: 8:58am On Aug 14, 2019 |
throwaway:The CBN doesn't enjoy absolute independence. No central bank in the world does. Too many ignorant "Errconomists" here ![]() ![]() ![]() 3 Likes 1 Share |
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by Commentor: 8:58am On Aug 14, 2019 |
throwaway: And when would you know that you are capable? And who has banned imports? They've simply said stop funding import of goods we can produce locally. |
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by coolk(m): 8:59am On Aug 14, 2019 |
Barondenigeria: Many of you Buharists are fantastically dull! Perfect Response. A Buhari that could not pass his SSCE wants to micromanage complex macroeconomic monetary policies. Fantastically dull indeed. 3 Likes 1 Share |
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by throwaway: 9:01am On Aug 14, 2019 |
SillyMods:and who mentioned absolute independence? 3 Likes |
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by tiwiex(m): 9:02am On Aug 14, 2019 |
Dwady: The point is he has no power to direct CBN. When politicians direct their central banks, investors get scared and also, what does he know about monetary policies? That job should be for an economist who understands economic tradeoffs. We are wher we are because of this. He takes one seemingly good decision which creates a bigger problem. 4 Likes 1 Share |
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by TheGoodJoe(m): 9:04am On Aug 14, 2019 |
Commentor: Recall that President Buhari while hosting APC Governors at his hometown in Daura, said his directive to the CBN to starve food importation of foreign exchange stemmed from the steady improvement in agricultural production and attainment of full food security. Not Buhari speak but gave a directive to the CBN which is a wrong move. 1 Like 1 Share |
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by Bizibi(m): 9:06am On Aug 14, 2019 |
SillyMods:hehehehe,coming from an app sycophant,i will pass. 2 Likes |
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by throwaway: 9:06am On Aug 14, 2019 |
Commentor: The agricultural minsitry should take better measures to help farmers. It's a gradual process of tightening imports while at the same time helping boost local production. You don't just close the door to imports and them hope dat local production improves. 4 Likes |
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by SillyMods: 9:06am On Aug 14, 2019 |
throwaway:So, the president is right to instruct whenever he feels necessary. What's your point then? |
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by throwaway: 9:10am On Aug 14, 2019 |
SillyMods:you can appoint the governor ... not to tell him how to manage the apex bank. that's how is done. 3 Likes |
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by TheGoodJoe(m): 9:10am On Aug 14, 2019 |
Commentor: Human rights lawyer, Femi Falana also had much to say on the issue…”If revolution has become a criminal offence in Nigeria why were the leaders of the APC not charged for claiming to have carried out Nigeria’s democratic revolution which terminated the 16-year rule of the PDP in 2015?” He remarked that the Force had capitalized on the use of the word “revolution” to criminalize the protests. I guess we know who the real criminal is flaunting court orders and giving directives against the constitution. Finito. 1 Like 1 Share |
Re: Non-provision Of Foreign Exchange: “leave CBN Alone” — Moghalu Tells Buhari by kennysoftSTUDIO(m): 9:11am On Aug 14, 2019 |
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