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Inflation Was Lower When CBN Governors Were Economists - Politics (3) - Nairaland 2r4f2l

Inflation Was Lower When CBN Governors Were Economists (24071 Views)

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Vickyboi205: 6:08pm On Sep 28, 2023
Dr clement isong was the best with Charles soludo
RepoMan007: 6:09pm On Sep 28, 2023
Seun:
Onye Ajuju, a policy expert, has provided data which demonstrates that inflation was lower under CBN governors like Soludo and Sanusi, who were economists.

He said,
See the data below:
The analyst is talking trash. Can a CBN governor adjust demand and supply volume. They can only try to manage how demand is matched to limited supply. Emefiele was doing the right thing but when politics of scapegoating is more important than performance, we get what the current is doing.
I must say that this data is incomplete because he never provided data to show demand and supply level against actual supply of forex to CBN plus today, demand has been swelled by awareness of commercial opportunities via media. How many mini importers were in Nairaland under Sanausi and Soludo?
What was the volume of forex needed for petrol, raw material and machinery imports? His data are partial as far as this topic is concerned.

1 Like

discusant: 6:09pm On Sep 28, 2023
NativeMan1:
I just wish we will get it right in this economy once again.All that matters na for the common man to start feeling the effects of the New appointee in of Positive outcome.

Na Wetin make me to start thinking WITHOUT BOX.My YouTube channel is up and going, your boy with subscription as I continue to put more efforts to bring you exciting places within Naija.One day na Yankee we go explore together with your cool.One Love My People wink

https://www.youtube.com/watch?v=jzob0ikzLIk?si=jXzPbE7vppbp0qPc

Peter Obi does not see people here as useless.
Nigerians with good senses voted for Peter Obi and he won the presidential election, as ethnoreligious bigots divided their votes between Bola Tinubu, Atiku Abubakar and Rabiu Kwankwaso. That's why INEC ditched the system of electronic transmission of votes results from after INEC saw that Obi was leading the other three with a very wide margin, Imagine in what type of country would the election umpire vow that it would not use any other method except system of electronic transmission of vote results, but after voters had cast their votes and left, the umpire went for the discarded manual transmission of votes results. It's like an election in a jungle...

2 Likes

Chetas81(m): 6:11pm On Sep 28, 2023
BrickDevo:
Sorry faithful hopefuls, Nigeria will forever remain in a pitiable state, however i strongly believe that legit hard-working individuals will always survive.
someone turn Nigeria citizen to survival
Re: Inflation Was Lower When CBN Governors Were Economists by Nobody: 6:14pm On Sep 28, 2023
DrGoodman:
Until mad people started voting for people with nepa bills as their certificates grin

You all will suffer it, the Peter Obi you hate is not even suffering with you. He's somewhere counting his money, smiling with happiness at how useless a people can be.

Next president after 8 years will be Atiku, he has to take his own turn na, he has suffered just like Tinubu and buharri, he will be compensated, while the sufferheads them on empty stomachs grin
i swear, this is companies don't take nigerians seriously.

Nigerians get paid peanuts, yet over work their ass out

Alot of students are about dropping out from unilag.

Who is finally now labouring in vain. undecided grin.
spy24(m): 6:14pm On Sep 28, 2023
001Lotion:
Economics, Bank and Finance and Management are the fields that could effectively handle a macro economy.

You don't necessary need to be an Economist, as long as you are from the above area of specialization and you're good at what you do, then no issues as those courses can easily be intertwined.

There is a big gulf between marketing, looking at numbers and planning, and forecasting for a national economy
eitsei(m): 6:14pm On Sep 28, 2023
DrGoodman:
Until mad people started voting for people with nepa bills as their certificates grin

You all will suffer it, the Peter Obi you hate is not even suffering with you. He's somewhere counting his money, smiling with happiness at how useless a people can be.

Next president after 8 years will be Atiku, he has to take his own turn na, he has suffered just like Tinubu and buharri, he will be compensated, while the sufferheads them on empty stomachs grin
it is funny how you guys always make everything about Obi, if he likes he should be counting trillions, Na him business

1 Like

adams123: 6:15pm On Sep 28, 2023
DrGoodman:
Until mad people started voting for people with nepa bills as their certificates grin

You all will suffer it, the Peter Obi you hate is not even suffering with you. He's somewhere counting his money, smiling with happiness at how useless a people can be.

Next president after 8 years will be Atiku, he has to take his own turn na, he has suffered just like Tinubu and buharri, he will be compensated, while the sufferheads them on empty stomachs grin


He should come and feed the poor masses with his money or let him share money to poor masses for business. ..not to be visiting IDP camps during campaign.
All our politicians are 419ners except few which I doubt.

1 Like

001Lotion: 6:16pm On Sep 28, 2023
spy24:


There is a big gulf between marketing, looking at numbers and planning, and forecasting for a national economy
I never mentioned Marketing..
eitsei(m): 6:17pm On Sep 28, 2023
CSTRR:

You absolutely need to have a phD in economics to be a CBN governor.

CBN is not child's play.

Macroeconomics is not balance sheet or profit and loss .

You need to understand developmental economics at the doctorate level to be effective at that level.
what if I tell you the equivalent of a CBN Gov in US is a lawyer?
RepoMan007: 6:23pm On Sep 28, 2023
Vickyboi205:
Dr clement isong was the best with Charles soludo
stop talking what you do not know in full. Was demand as high against supply under Isong and Soludo?

In a highly political world were people are willing to take credit for circumstantial gains. Let data for demand vs supply be provided side by side and let's hear what Soludo could have done differently. Was it not Soludo who capitalized a dozen banks with $6 billion again? Where will emefiele or the new guy get such amount from if they decide to do same today?

Lets learn to balance circumstances and expectation.
PeachtreeReside(f): 6:23pm On Sep 28, 2023
My exact same sentiments!!!!!


An Economist thinks of making things better and not profiting for a select few like Banker Meffyboy was doing.



That being said, an enabling environment is also needed to reduce the effects of inflation.


Decades ago, we should have been planning how to ensure that businesses are birthed and thrive in Nigeria.


I pray the anointing and spirit of an Economist falls on the new CBN Governor.
SmartyPants(m): 6:23pm On Sep 28, 2023
DrGoodman:
Until mad people started voting for people with nepa bills as their certificates grin

You all will suffer it, the Peter Obi you hate is not even suffering with you. He's somewhere counting his money, smiling with happiness at how useless a people can be.

Next president after 8 years will be Atiku, he has to take his own turn na, he has suffered just like Tinubu and buharri, he will be compensated, while the sufferheads them on empty stomachs grin

It's only in Nigeria that those who claim to be well fed wail more than those they claim are hungry.

cheesy

Rest chief.
SmartyPants(m): 6:24pm On Sep 28, 2023
CSTRR:

You absolutely need to have a phD in economics to be a CBN governor.

CBN is not child's play.

Macroeconomics is not balance sheet or profit and loss .

You need to understand developmental economics at the doctorate level to be effective at that level.

Are you sure you know the meaning the you're using? What does developmental economics have to do with CBN?
DrGoodman: 6:25pm On Sep 28, 2023
SmartyPants:


It's only in Nigeria that those who claim to be well fed wail more than those they claim are hungry.

cheesy

Rest chief.

Wail? Am not from states where they steal rice as a family business grin

spy24(m): 6:25pm On Sep 28, 2023
001Lotion:
I never mentioned Marketing..

You did, banking is majorly marketing and ing
karkinase(m): 6:26pm On Sep 28, 2023
I said same thing to smone.. ants and bankers can’t make good CBN Governor .. Emefelie is a typical example

1 Like

NAC1666: 6:28pm On Sep 28, 2023
Seun:
Onye Ajuju, a policy expert, has provided data which demonstrates that inflation was lower under CBN governors like Soludo and Sanusi, who were economists.

He said,
See the data below:
That's my point. Why give monetary policy making to a banker. Bankers don't know economics,it's business they understand. Am an economist,and it's only an economist that can perform better as CBN boss. FG neglect the economist alot in this country,just because they will tell them the truth.
Who is an Economist? An economist is an Expert in economy.not the banker,

3 Likes 1 Share

SmartyPants(m): 6:29pm On Sep 28, 2023
DrGoodman:


Wail? Am not from states where they steal rice as a family business grin

Well, that's the point... according to you, you have no reason to wail. So why are you wailing??
Fujiyama: 6:30pm On Sep 28, 2023
Who or what is an "economist"? Let's start from there.
SmartyPants(m): 6:31pm On Sep 28, 2023
NAC1666:

That's my point. Why give monetary policy making to a banker. Bankers don't know economics,it's business they understand. Am an economist,and it's only an economist that can perform better as CBN boss. FG neglect the economist alot in this country,just because they will tell them the truth.
Who is an Economist? An economist is an Expert in economy.not the banker,

I think a lot of people so easily forget that the first job of the CBN is to regulate the banks. The position is made for a banker. Directing monetary policy is secondary, and in fact, it is not even complex. Banks are at the heart of the economy so the idea that a leading banker would not have a solid grasp of economics is baffling.
VeeVeeMyLuv(m): 6:32pm On Sep 28, 2023
InvertedHammer:

/
Wrong interpretation.

It is a global economy. The data analysis should be based on the global economy as other economies of the world are battling inflation this period as well. From UK, US, Canada to Australia, it is the same story. Nigerian is not an isolated case.

Nigeria is like a boat in the middle of the ocean with no captain. It flows whichever way the tide pushes it.

/

Past 4 US federal Reserve Chairmen

Alan Greenspan, Ben Bernake, Janet Yellen and now Jerome Powell all American Economist!

Make we just dey play, dey play, dey playoooooo....

2 Likes 1 Share

BrickDevo: 6:33pm On Sep 28, 2023
Chetas81:
someone turn Nigeria citizen to survival
You don't know
001Lotion: 6:37pm On Sep 28, 2023
spy24:


You did, banking is majorly marketing and ing
How is banking Marketing grin?

Explain to me abeg, How Banking and Finance as a discipline relates to Marketing?
Bukola94(m): 6:38pm On Sep 28, 2023
Devotedlife:
No be lie
Soludo happens to be the best CBN gov till date.
Imagine if Soludo is voted has President of the Republic of Nigeria. Economy reforms and progress will be made in every ministry's. Soludo & a northerner VIP come the next general election, I want to check something....
CSTRR: 6:39pm On Sep 28, 2023
eitsei:
what if I tell you the equivalent of a CBN Gov in US is a lawyer?
The US is already established.

It can afford to run on autopilot.

Nigeria on the other hand is seriously sick.

2 Likes

CSTRR: 6:40pm On Sep 28, 2023
VeeVeeMyLuv:


Past 4 US federal Reserve Chairmen

Alan Greenspan, Ben Bernake, Janet Yellen and now Jerome Powell all American Economist!

Make we just dey play, dey play, dey playoooooo....
Don't mind him.

He thinks the US became what it's by appointing square pegs in round holes.

1 Like

slowice(m): 6:42pm On Sep 28, 2023
People actually voted a cheat with multiple personality, a bagman, liar and forger.

1 Like

CSTRR: 6:44pm On Sep 28, 2023
NOI has a PhD in regional economics.

That is why she was able to acts as the minister in charge of the economy, while also acting as a finance minister.

She was doing some of the duties of cbn Governor and the finance ministry at the same time.

That is what an economist get you.

An ant or banker is Limited.

3 Likes

Olril18(m): 6:47pm On Sep 28, 2023
DrGoodman:
Until mad people started voting for people with nepa bills as their certificates grin

You all will suffer it, the Peter Obi you hate is not even suffering with you. He's somewhere counting his money, smiling with happiness at how useless a people can be.

Next president after 8 years will be Atiku, he has to take his own turn na, he has suffered just like Tinubu and buharri, he will be compensated, while the sufferheads them on empty stomachs grin
ALHAJI Atiku is not bad to be honest. Compared to Tinubu the fraud. His age is my problem. I just wished they(Peter obi and Atiku) can work together.
Fujiyama: 6:48pm On Sep 28, 2023
CSTRR:

You absolutely need to have a phD in economics to be a CBN governor.

^^^
Not necessarily. But you have a point. This question has not been settled even in advanced industrial economies. There was some controversy over the current US central bank governor because he has no degree qualifications in economics.

CSTRR:
You need to understand developmental economics at the doctorate level to be effective at that level.

^^^
True about the understanding part. But having the degree isn't necessarily a requirement, although most developed economies lean towards someone with a doctorate in economics. But work experience sometimes tips the scale.

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