Offpointng:


Read what I wrote, you obviously din read it

I'm still on the same point. Of course he's not alone in it but he's part of the sham. Emefiele is incompetent and a thief! How does one even use 58b to print 2b notes? Lmao.

9jaRealist:


This is my point about LOW STANDARDS and lowered expectations…
Quit subscribing to a VERY LOW bar, educated/professional Lagosians are migrating to Kigali and Accra.

Lagos may have more than 10x the population of Kigali…
But it also has more than 10x the revenue and resources (human and material) of Kigali.

Like I previously noted, population is a double-edged sword…
The crucial difference lies in governance and resource management.

We cannot aspire to be a world capital…
While subscribing to LOCAL standards and expectations. EKO o ni Baje!
>

I asked you questions, except you answer them, get off my mention!

2mch:
Why don’t you go back to where you are coming from if Lagos and Nigeria is so bad that you had to take up citizenship? It does not sound like you have better options. You sound ridiculous. Caviar of feaces. Yet you are in the country fighting for a living.

I took up citizenship of NIGERIA, and I am extremely PROUD to be NIGERIAN…
Which means that I will keep fighting to RAISE standards/expectations in Nigeria (include Lagos)!
>

9jaRealist:


I took up citizenship of NIGERIA, and I am extremely PROUD to be NIGERIAN…
Which means that I will keep fighting to RAISE standards/expectations in Nigeria (include Lagos)!
>

We don’t need you in this country, who even gave you citizenship

DOptical:
I asked you questions, except you answer them, get off my mention!

Dude, the way a PUBLIC DISCUSSION forum works…
Is that if you share your opinion with the PUBLIC, that PUBLIC has the unfettered right to DISCUSS it!

If you don’t like the heat…
Stay away from the kitchen.
>

2mch:

We don’t need you in this country, who even gave you citizenship

Fortunately, I don’t require your permission…
>

9jaRealist:


Dude, the way a PUBLIC DISCUSSION forum works…
Is that if you share your opinion with the PUBLIC, that PUBLIC has the unfettered right to DISCUSS it!

If you don’t like the heat…
Stay away from the kitchen.
>

I asked you questions! Until you answer them, stay away from mention I repeat!

Flets:
Even when everyone knows it’s against the interest of Nigeria, Tinubu will do it….. and this is why

The West has got the President they need to do all their bidding. They've got Tinubu by the balls .... they have all his dossier ranging from the drug activities to fake identitiy, fake education, rigged election etc. The West got their best puppet.

TINUBU HAS NO OPTION THAN DO THE BIDDING OF THE WEST. Otherwise, he loses it all.

All policies implemented by Tinubu are per IMF and world bank recommendations and aimed at further impoverishing the Nigerian people further like they do to all third world countries.

Only Nigerians can save themselves by taking their country back

Bro. I dash you my phone.

TemplarLandry:
Hope Mr. Rusike knows what he's saying.

We all have to survive
Hey guys, I want to help 2 persons learn the number 1 high income skill in the world which is copywriting!

I want to give two persons 20% scholarship into the Bachelor of copywriting course (pay 4k instead of 5k). Let me know if you are interested.. Fastest finger first o!! 08159563862

DOptical:
In 2019, Nigeria had 45b dollars as forex but has dried out in 2023 but a clown like you don't see what's wrong in it? Or the fact that Emefiele used 58billions to print 2b notes? You and Emefiele dey craze?

I ignore personal insults and attacks…
They merely betray the lack of a crude argument and CRUDE FAMILY UPBRINGING.

Nigeria does NOT have 44 or 58 billion dollars..
And the utility of foreign reserves is that they be USED, not stored and admired.

Even if the CBN reportedly used N58 billion to produce over N1 trillion in banknotes…
It’s still a much better outcome than the alternative of spending dollars to produce the notes abroad.
>

DOptical:
I asked you questions! Until you answer them, stay away from mention I repeat!

Asked and answered…
If you are discerning enough to grasp the response.

Meanwhile, so long as this remains a PUBLIC DISCUSSION forum…
I will continue to respond (or ignore) posts WITHOUT PERMISSION!
>

andy244:
Simple economics doesn't work in Nigeria. Nigeria is a peculiar clime. Greed is a strong economic factor in Nigeria. Any economic policy in Nigeria without checkmating the greed factor always backfires.

yes or does. Nothing can checkmate greed other than competition. GSM used to be 42naira per call. No per second. 75k per line.
Now line is free, 6.6 naira per minute with per second calling.
No competing in foreign exchange, oil lifting or electricity generation.
See the difference

Buddha3:
A hike in interest rates on loans is even going to equate to a swifter surge in the inflation figures.

I cannot be a businessman who takes a loan from the bank, pays over a 20percent interest on servicing that loan and the general public will then expect me to give out my goods or services at moderate or subsidised rates. No way!

I have to make a profit to be able to service my loan, keep my business afloat and equally meet my own needs. So everything eventually trickles down to more hardship for the ordinary masses.

Sometimes these economists and analysts talk like air-headed neophytes. You people should just rub honey on the balls of ordinary Nigerian men and hang us by those balls atop ants infested trees. Because the hardship is eventually going to be felt the most by Nigerian men who are tasked with supporting themselves, their wives and kids and family members.

Where you learn your own economics?

9jaRealist:


I ignore personal insults and attacks…
They merely betray the lack of a crude argument and CRUDE FAMILY UPBRINGING.

Nigeria does NOT have 44 or 58 billion dollars..
And the utility of foreign reserves is that they be USED, not stored and admired.

Even if the CBN reportedly used N58 billion to produce over N1 trillion in banknotes…
It’s still a much better outcome than the alternative of spending dollars to produce the notes abroad.
>

I can't even comprehend the whole bullshit tbh. I already told you as at 2020, Nigeria had 45bilion dollars in reserves which disappeared in 2023. That's one.

Two, how comprehensible do you think I understand a clown who begins to defend the use of 58billion to print 2b notes?

9jaRealist:


Asked and answered…
If you are discerning enough to grasp the response.

Meanwhile, so long as this remains a PUBLIC DISCUSSION forum…
I will continue to respond (or ignore) posts WITHOUT PERMISSION!
>

You are yet to answer my questions! That wasn't the questions asked.

exstreve:
I asked ChatGPT to explain Interest rate hike like I'm an 8 year old to some who may not understand, I do cos I trade stocks and crypto, well, here is the answer.

Well, imagine you have a piggy bank where you save your allowance money. Every once in a while, you decide to give yourself a little treat and take out some money from your piggy bank. But what if you notice that your parents start giving you more money as your allowance?

You might think, "Yay! Now I can take out more money from my piggy bank and buy even more treats!" That's kind of what a rate hike is like.

You see, when the government or a bank decides to hike, or increase, interest rates, it means they are giving more money to people. When people have more money, they tend to spend more, just like you would if you got a bigger allowance.

But why would the government or a bank do that? Well, sometimes they want people to spend more money to help businesses grow and for the economy to become stronger. When businesses grow, they can employ more people and create more jobs.

On the other hand, if the government or a bank decides to lower, or decrease, interest rates, it means they are giving people less money. In this case, people might decide to save more money instead of spending it because they aren't getting as much from their allowance. So, it's like having a smaller allowance and not being able to buy as many treats.

Rate hikes can affect many things, like how much it costs to borrow money or get a loan. When rates go up, it might become more expensive for people to borrow money, and they might not want to spend as much or take out loans to buy big things like houses or cars.

So, similar to how your allowance can affect how much you can spend on treats, rate hikes affect how much people can spend and can also influence the overall economy.

Chatgpt did not give you good explanation. Interest rate is not about only you saving it also means the cost of borrowing will be high. It is the reverse of your analysis. Too much money in circulation leads to high inflation. The rise Interest rate means more ppl will save money in the bank to reduce the money in circulation and as such they are rewarded with high interest.

Cromagnon:

Where you learn your own economics?

Please, kindly prove me wrong. Explain to the reading public how our Nigerian reality has ever been different from what I just detailed here.

SIRTee15:
By the time this foreigners finish with Nigeria, people go know say "wisdom and sense isn't a choice but a must'. When u lack sense, u perish.

After pushing the president to remove subsidy, float the exchange rate.
They are now back to tell him to hike interest rate. So that when foreign investors bring in their money, their return on investment will be crazy and they will cash out on Nigeria big time.

In this world, the strong feed on the weak, the intelligence prey on the dumb.
The black race is yet to understand that this world is a concrete jungle. Nigeria's case is the worst.

Anyway, I heard Ilhordopsy and other Tinubu supporters are buying fuel for 200 naira per litre, and their nepa bill will remain the same. Somebody should correct me if I'm wrong

Now they have not invested what have you achieved?
You've had 63yrs to do the needful

How can the USA and its financial experts who can't stop there banks from collapsing and still give there people low interest rates plus subsidy in many sectors come to advise us

Abi una deh ment ni??

oluwaseyi0:
this people should focus on there country, we don;t tell them how to run theirs

we just remove subsidy on both fuel and dollar, we can't increase interest rate for now

you better if you want to control inflation. Ask turkey

2mch:
Mr Rusike is mad. All these bankers are vultures. Always throwing out fake stats so they can come and scavenge. What indices did he use to come up with such percentage? Can his country survive at such a percentage?

is it surviving now

lonelydora:
US should focus on their gun control issue and stop chucking mouth in wetin no concern them.

US should know we are bette off with China and Russia. BRICS is coming

You want to emulate poor countries?

DOptical:
I can't even comprehend the whole bullshit tbh. I already told you as at 2020, Nigeria had 45bilion in reserves which disappeared in 2023. That's one.

Two, how comprehensible do you think I understand a clown who begins to defend the use of 58billion to print 2b notes?

So, it’s now moved from 2019 to 2020?!
It only illustrates that foreign reserves are NOT static.

Nonetheless, enough of the beer-parlor rumors…
Nigeria’s foreign reserves have NOT “disappeared” (it’s currently about $35 billion).

Furthermore, you seem to be struggling with comprehension (as you implicitly admit )…
First, dollars and Naira are two DISTINCT currencies, and N58 billion is NOT the same as $58 billion.

Second, printing of currency is not the same as printing “Alabokun” posters…
Currency has many imbedded security features, and “reportedly” using N58b to produce N1trillion is not necessarily scandalous.

Using N58 billion to produce over N1 trillion is akin to using N58 to produce N1060 - ie, 5%…
Unfortunately, so many segments of the Nigerian press is rife with FUNCTIONAL ILLITERACY. SMH
>

Flets:
Even when everyone knows it’s against the interest of Nigeria, Tinubu will do it….. and this is why

The West has got the President they need to do all their bidding. They've got Tinubu by the balls .... they have all his dossier ranging from the drug activities to fake identitiy, fake education, rigged election etc. The West got their best puppet.

TINUBU HAS NO OPTION THAN DO THE BIDDING OF THE WEST. Otherwise, he loses it all.

All policies implemented by Tinubu are per IMF and world bank recommendations and aimed at further impoverishing the Nigerian people further like they do to all third world countries.

Only Nigerians can save themselves by taking their country back

PBAT has a way of disappointing people like you every time 🤣😆😆.... enjoy the wailing!

9jaRealist:


So, it’s now moved from 2019 to 2020?!
It only illustrates that foreign reserves are NOT static.

Nonetheless, enough of the beer-parlor rumors…
Nigeria’s foreign reserves have NOT “disappeared” (it’s currently about $35 billion).

Furthermore, you seem to be struggling with comprehension (as you implicitly admit )…
First, dollars and Naira are two DISTINCT currencies, and N58 billion is NOT the same as $58 billion.

Second, printing of currency is not the same as printing “Alabokun” posters…
Currency has many imbedded security features, and “reportedly” using N58b to produce N1trillion is not necessarily scandalous.

Unfortunately, many segments of the Nigerian press is rife with FUNCTIONAL ILLITERACY. SMH
>

It was 45 billions dollars in 2019. Still was 2020. If you had used your brain while being conversant with everything instead of defending looters, you wouldn't be defending the dilapidation of 45billion dollars reserve or the use of 58 billions to print 2b notes. Won't be surprised if you're part of Emefiele thieving dumb cronies.

Bolaji1996:
You guys don't know you are displaying your dumbness and gullibility with this daily rants online. Because I don't know how you expect things to work miraculously without making any sacrifice and going through inconvenient process. Even if you put Obi that you feel is your messiah there, and he actually want to work, do you expect him to perform miracles without any obstacles and difficult times at all?

And who told you I support Obi?

It will still be the same thing.

Cromagnon:
is it surviving now

America’s interest rate is only at 5% and it is struggling g. Imagine what at 25% interest rate will do to Nigeria. Nigeria need to start it’s own banking analysts and rating agencies to in turn rate all these foreign company’s for African investment. Otherwise they will soon turn around and downgrade Nigeria investments or bonds to force implementation of policies to which they can exploit the country. That is always the next move!

DOptical:
It was 45 billions dollars in 2019. Still was 2020. If you had used your brain while being conversant with everything instead of defending looters, you wouldn't be defending the dilapidation of 45billion dollars reserve or the use of 58 billions to print 2b notes. Won't be surprised if you're part of Emefiele thieving dumb cronies.

Using N58 billion to produce N1.06 trillion in banknotes…
Is akin to using 58 Naira to produce 1060 Naira - it’s barely 5% in costs.

Won’t be surprised if you’re part of Nigeria’s DUMB media segment…
But of course, you can stick to discussing SUBSTANCE rather than childish personal attacks. SMH
>

2mch:
America’s interest rate is only at 5% and it is struggling g. Imagine what at 25% interest rate will do to Nigeria. Nigeria need to start it’s own banking analysts and rating agencies to in turn rate all these foreign company’s for African investment. Otherwise they will soon turn around and downgrade Nigeria investments or bonds to force implementation of policies to which they can exploit the country. That is always the next move!

Nigeria wouldn’t need America’s “advice” if it is not begging for foreign investment…
If an investor is putting his money in an environment where inflation outstrips rate of return, he’s losing money already!
>

This people want to cause chaos and crisis in Nigeria

Aposteli1:
I'm sure of one thing!!
Better days ahead of Nigeria in Jesus name.

Let's face the fact, this not the time of prayers.

We are in a big mess.