CBN's Missteps Contributed To Tumbling Naira Value

No video

CBN's Missteps Contributed To Tumbling Naira Value - Utomi

Рет қаралды 28,523

Күн бұрын

Don't forget to subscribe: bit.ly/2Hb8hjx
Watch more interesting videos: bit.ly/34ogCaw
Follow Channels Television On:
/ channelsforum
/ channelstv
/ channelstelevision
Get more news on our website: www.channelstv...
#ChannelsTv #newsupdate #news #newsinnigeria #newstoday #newsheadlines #2023Election #Politicstoday #russianinvasion #ChannelsTVNews
#Nigeria #Lagos #Nigerianews #Nigeriannews #channelstelevision
#Channelstv, #Channels, #AfricaNews, #BreakingNews, #Nigerianpolitics,

Пікірлер: 83

@user-fl6pi9nx7n 6 ай бұрын

You are right 👍 Prof. Benue state the food basket 🧺 of the Nation has become a war zone for past eight years how can the country survive food security?

@didymario 6 ай бұрын

@masudsaleh5155It's just a slogan. Statistically more commercially activities take place in Lagos.

@afrocraft1 6 ай бұрын

Price controls don't work. The laws of supply and demand are immutable.

@gbengaosidele7903 6 ай бұрын

Who is stealing the oil? Prof the answer is not far fetched, they are the people in the government who have captured both the economy and the political power.

@Nate_Arin 6 ай бұрын

Unfortunately, a lot of truths to what you are saying. A good number of them are in the military too. Some are silent and faceless, only known to the puppets they control in government, business, religion & economy.

@ytimi5231 6 ай бұрын

The federal reserve grains will never the targeted poor Nigerians It will be shared among the politicians and privileged governmental entities as usual. Corruption is a cancer that prevents price control to work out in Nigeria.

@osaalile567 6 ай бұрын

Where is the reserve located. There is no reserve in Nigeria.

@ytimi5231 5 ай бұрын

@@osaalile567 Located in the sky!!.Empty sugar coated tongues promises. The usual lies of our political leaders and governmental entities. Did you even hear about the alleged 4 trillion naira in ex-president Buhari nephew's bank account? Most of Nigerian leaders enjoy stealing /hiding money in their relatives bank accounts home and abroad instead of helping poor Nigerians. Now to eat Gari has become a problem for so many in the troubled nation.

@adelekeo.o1011 6 ай бұрын

I love Utomi too much. I just don't know why. He is one of the economists i appreciate in terms of analysis on economic solutions. He should be brought into the main center of the economic management system in this country.

@user-fp5hq5kj2b 6 ай бұрын

Hold all government leaders at all levels federal, state, LGAs all equally accountable. Just shouting Tinubu 24-7 provides a perfect cover for governors and LGA chairmen to LOOT their treasuries. There is hardly any state governor since 1999 that did not leave office a billionaire, even LGA chairmen now leave office as billionaires.

@ck-sl3kt 6 ай бұрын

Dear Utomi, I noticed that all the APC accidental members in 2015 like Kenneth Okonkwo, Oby Ezekwesili, Aisha Yesufu, Pat Utomi, etc, that Buhari abandoned after victory and ended up not getting any appointment or got but sacked like Babichir Lawal are the ones that became leaders of "Obidients". It means Obidients are mere desperate people looking for food through back door. They almost got it by using the Church pastors and Igbo tribe, but it seems those that benefitted from the APC in 2015 outsmart the APC losers of 2015 (AKA Obidients).

@Anjay_P 6 ай бұрын

The problem is you’re still playing politics. We are in a crisis as a nation. Whether APC or Obedient you’re not buying rice cheaper or petrol cheaper. You better start speaking up and demanding better governance from your government before it’s too late

@kingsolomon1451 6 ай бұрын

HUNGER NEVER WIRE THIS ONE PAPA IF THEM BORN YOU WELL COME STREET MAKE YOU COME YAN THAT NONSENSE AGAIN

@fataiadegbenro984 6 ай бұрын

Thank you for your observations and indebt analysis...

@frankoboh8217 6 ай бұрын

"We can further slow down the economy by reducing the purchasing power of the people". - Bola 'Balablue' Tinubu. This is how he promised to continue the nations's poverty rate from where Buhari stopped. What a wasted weak brain and mindset.

@niiade515 6 ай бұрын

Simple short term solution ban open grazing asap, all cattle must be ranched by their owners, then state or regional police ASAP at least minimum of 10k recruits per region to be well trained and funded to assist the federal police and the other security agencies....if farmers can farm without any form of danger at least food will become available!

@user-xs6cg1jq7h 6 ай бұрын

@masudsaleh5155 Na you be MuMu

@luckyisumafen1269 6 ай бұрын

@masudsaleh5155 Which one is mumu? People can't go to their farms anymore because of bandits and kidnappers, yes all cattle owners should have a ranch. Then state police should be introduce to cob the insecurity challenge. That's the way forward.

@maquindesign9158 6 ай бұрын

Make all markets free, dangote is not the only one with brains to make cement and petrol. Stop Aboki from selling dollar on the street, only licensed BDC should sell FX. Finally, publish FG daily income & expenditure.

@godwinjames4477 6 ай бұрын

NA everybody go chop breakfast in nigeria in the A P C government

@oluniyionipede5400 6 ай бұрын

😂😂😂 The problem Nigeria has is , the opposition doesn't have answers to the problem. And they are playing the blame game. Yes the country is touch but the present govt is visionary and by September 2024 there will be an improvement. God saved Obi that he didn't come in , he would have been sweating and the way forward. The wheel will turn and there will be improvement by 4th quarter

@FlagWaverFlagBearer 6 ай бұрын

Lol you people are obsessed with Obi. The election is over and the man is still giving you sleepness nights

@tracyjacopin4325 6 ай бұрын

ANIMAL TALK DON START AGAIN

@kanayokama 6 ай бұрын

You guys will not seize to amaze me

@ObjectiveObserver-xh4vk 6 ай бұрын

This government is blind. Can't help anyone except their friends.

@okeoja4447 6 ай бұрын

@@FlagWaverFlagBearerjust the same way Tinubu lives in your brains.

@kwobsiemarius9613 6 ай бұрын

This man is full of book work, no practical. Very theory

@user-fp5hq5kj2b 6 ай бұрын

Talk talk talk

@tolulopeoluwole9485 6 ай бұрын

My brother...

@adesege1 6 ай бұрын

If you’re the President, what will you do? That’s the question. You are talking about politicians/legislators. As as a president, how will you deal with the legislative branch in a democracy. 🏃🏾‍♂️🏃🏾‍♂️🏃🏾‍♂️

@nwanchamaalu8017 6 ай бұрын

What will you do what will do? How many times will people tell the government what to? But they don't want to offend their fellow cabals. Nigeria need a tough leader right now who's not corrupt in other to get back everything those in authority has stolen and continues to steal. Until then what will you do doesn't matter with the current situation of Nigeria..

@IamSisu 6 ай бұрын

Was it the legislature that removed fuel subsidy and floated the Naira without providing any safety net for the masses? Nigerians will never accept the truth until they die. Tinubu is running the nation to the ground

@frankugwueze4233 6 ай бұрын

Buhari's stupid govt. blamed Goodluck of bad governance,. Now useless and hopeless govt. of tunubu is now blaming buhari of same apc. But this govt. really have no focus. Confused and disorganized. Shame

@Nate_Arin 6 ай бұрын

I agree with your guess. Two things are preemptive or at the least important. 1. Cut down the cost of governance. 2. Honesty, sincerity, transparency, and accountability on the part of the government. The government most win the people over and find a way to show that they are actually well meaning. Character is the word.

@moses_a4253 6 ай бұрын

Why are people complaining, Prof. is not obligated to give free consultancy on air. Seun was just trying to give medium to this robber politician. It’s just that Prof. would have just gone straight to the point and say he would not give out his opinion for free, those shaming Prof. don’t you think if he was invited/consulted by the government he wouldn’t bring out an headway to solutions.

@osaalile567 6 ай бұрын

Sanusi looting Soludo looting and Emefiele looting is the reason why the Naira is dead

@dayswinger 6 ай бұрын

This is why this man never would yave made a good president.

@halob2002 6 ай бұрын

The Government should Increase the salaries of workers as a matter of urgency.This will kick start the Economy and boost small scale Agriculture..

@innocentokeosisi914 6 ай бұрын

They should start from petroleum oil , u can support 200million population wt palliative, is not possible

@EdwinAgbu-xg2mj 6 ай бұрын

You cannot control the prize what you do not produce.

@ekpo-itaattah7625 6 ай бұрын

Some people might consider me mad..but this Pat Utomi and Jurgen Klopp have the same structure of conversation and same mannerisms..

@ayoolaolaobaju6797 6 ай бұрын

In saner clime, there is no way the government will look away from obnoxious and selfish price hick and claim demand and supply should fix it thereby giving the monopolist and cartels to take over the economy. Cement is an example of price taken too far. Most Nigerian manufacturers back up by politicians just hick price at the detriment of the populace. And we claim price mechanism should control it. We a just joking in this country.

@ChrisNaija001 6 ай бұрын

We are in a hunger war period, and the president needs to call an emergency meeting of all the governors, security chiefs, stakeholders, and academicians and find ways out of it. President Tinubu needs to keep politics aside and go across to the other side, this is a national problem. Also, we need to stop all the tribal politics that we make and make objective policies.

@ekeomagodswill294 6 ай бұрын

Utomi is not interested in tinubu's " my turn " politics. He was never there for the people. So, there's no good advice for him.

@Alaboska001 6 ай бұрын

Talk talk no action

@user-fp5hq5kj2b 6 ай бұрын

There is a difference in knowledge required to buy and sell and make a profit (trading) and knowledge required to build a successful economic system for a state (micro, macro economics, public policy, etc)

@mobo204 6 ай бұрын

Go straight to the point Prof give us the solutions,we are in crises.

@4evertrue830 6 ай бұрын

He is a joker, he has no solution. He only knows how to speak big grammar. Besides he is a political economist not a thorough breed economist, so don't expect any sound economic solution from him. He once said on national Tv that the federal govt should sell the refineries for $1 if they can't make it work, when there are plenty good alternatives solutions to make the refineries work, e.g joint venturers with foreign oil and gas corporations. He was the bank chairman of Platinum bank that collapsed when Soludo was CBN governor due to its shady banking practices. Several solutions to STOP the continued downfall of the naira is to 1...raise royalties in all sectors of the economy under federal control or ownership (in millions of $$$). E.g in the oil and gas industry, especially on gas companies that have continued flaring gas despite efforts to put a stop to it.... 2. Stop capital flight of FX existing today through the avaition industry which has led to hundreds of millions of $dollars exiting the economy by this foreign airlines... 3. reduce the daily withdrawal of Fx by Nigerians at banks abroad from $5,000 to $2,000 or even less.. 4. remove your currency pegged to the dollar and peg it to a basket of other foreign currencies like the chinese Yuan which will help immensely Nigerian importers of goods from China our biggest international market trader. These and many more stringent policies should be implemented to save the naira's slide to the dollar. The only people that will feel the impact and later find a way to adjust are the filty rich, the so called 1% who hardly vote anyway.

@josephlouis7702 6 ай бұрын

Nigerian politicians are the highest paid in the world. Highest corrupt politicians have decided to ruin the country since the military handed power to democracy. I cry for Nigerians.😢😢😢😢

@user-fp5hq5kj2b 6 ай бұрын

When we focus on Tinubu only, we allow governors, LGAs, senators, assembly members who all get allocation for their communities to LOOT unchecked, which remains a problem. While everyone is shouting Tinubu, some governors and other elected officials in a state are pocketing BILLIONS...

@tonero8562 6 ай бұрын

If Tinubu is not competent, let him honourably step down for who is has the capacity to handle the affairs of our nation. He is old and clueless with bad policies.

@okeoja4447 6 ай бұрын

@@tonero8562and who's this MESIAH u have in mind?

@user-fp5hq5kj2b 6 ай бұрын

ALL the talk specialist should start business and employ the youth. We all know what is wrong with the nation, what is the solution? What are governors, LGAs doing with billions naira they get monthly

@tonero8562 6 ай бұрын

Start business in this hostile environment. No economic stability, no power, and bad government policies. Foreign investors are pulling out of the country. Remove the clueless and incompetent politicians and let true leaders lead us to a better nation. He has been saying the truth for ages but corrupt and evil politicians who loot and embezzle our resources prefer to do their selfish and insensitive deals.

@emmanuelmichael1700 6 ай бұрын

What would you do as President. Answer . Reverse the decision on fuel subsidy. Remove subsidy for only car owners. Use blockchain technology through National Union of Road transport workers Union to gather data of all commercial vehicle drivers so they can purchase petrol through a smart card at old prices. The infrastructure is not available now but embark on the project immediately. In the mean time revert to gradual removal of subsidy Allocate special quota of forex at lower rate to big manufacturers and large commercial farmers of food crops Call Federal executive Council meeting. Use half of all security votes for governors , reduce waste and corruption at the Federal level. Then use all the money to recruit and equipt 100,000 new police officers to battle insurgency Give limited approval to governors to recruit and retain armed Vigilante for those states in the food belt region CBN to stop raising interest rate as Nigerian inflation is supply input cost inflation NOT excess money Release grains from strategic reserves assuming there are grains indeed Implement new minimum wage with immediate effect There are more but enough for now

@user-fp5hq5kj2b 6 ай бұрын

This professor of political economy, does he have a business? Does he employ labor? Other than just talking, how has he contributed to the nations growth?

@tonero8562 6 ай бұрын

The ones that set up businesses in Nigeria are folding up due to a hostile economic environment. APC and Tinubu have destroyed Nigeria.

@AziengbemiJustice-tw2ch 6 ай бұрын

Have you heard of Lagos business school? Please do your research to know how many universities across the globe that prof is a visitor to, or sitting as a member of the board of directors, he is a consultant to many conglomerates, the number of books that he has published and his income as a political scientist....

@okeoja4447 6 ай бұрын

@@tonero8562You apparently have selective memories. Otherwise u would have remembered most of our once vibrant manufacturing companies dissapeared btw 1999 and 2015. Go to Aswani and 5 stars area along Apapa/oshodi expw or Oba Akran industrial estates . You would understand

@mezieudeji4904 6 ай бұрын

@@AziengbemiJustice-tw2chYou're responding to a voluntary illiterate .

@joshuamatthew7060 6 ай бұрын

Agbado. A promise fulfilled

@colunbusinuwanu1115 6 ай бұрын

BAT team is not interested in sitting wit u guys. Wat do u mean by egg heads seun. U are also one of dem to suit ur benefit. U all wait till 2039 not 2027 bcos no vacancy

@adamssolomon2919 6 ай бұрын

And you think you will be alive to see even 2027

@colunbusinuwanu1115 6 ай бұрын

Prof is yet to recover from d shock of d BAT victory. Wait till 2039

@thomasassim-ita1787 6 ай бұрын

Which victory?

@FrancaEaglesnest 6 ай бұрын

Stolen victory

@fatfarmers7360 6 ай бұрын

Emefelie almost crumbled CBN/Nigeria just for Atiku and running mate (emefelie's kinsman) to win the election.

@IamSisu 6 ай бұрын

Emefiele is not the President. He did not increase fuel price from N200 to N650. He did not devalue the Naira from N700 to N1450 per dollar. Whatever he did, is not what put you in this mess today. Face the president you voted for

@adeyinkabenjamin4786 6 ай бұрын

Emefiele or Buhari/APC destroyed economy? Nobody voted Emefiele but Buhari and APC were voted. Lets be sincere to ourselves, Buhari should be tried for all mess he created with economy.