The important thing driver of meals inflation is insecurity, our meals basket has been compromised. In addressing this we is not going to solely cope with …
source
The important thing driver of meals inflation is insecurity, our meals basket has been compromised. In addressing this we is not going to solely cope with …
source
My fear is after fixing this economy, the north needs to present a sane president after 8 years of southern economy wizards
There are foods the fact is that purchasing power of the people is eroded
Tilewa Adebajo tried to sort the interviewers out after they muddled up the question. Arise news must do a training session to sort their Anchors out when asking questions. They must be brief and not try to answer or analyse their own question(s). Tilewa (and of course other guests) are there to answer questions or queries and not be given something to reflect upon or be lectured about the topic/issue at hand. Take note!
Thank you Mr Adebajo for your analysis. I enjoy listening to Mr Chukwu, Mr Mbonu and Mr Alaje and this is in no particular order. They are all very knowledgeable .Thanks to AN too
Rufai is so irritating
Although that we are moving on but Buhari and Emefele really showed this country shege. 😢
The North should also be invited by the media to discuss economy. Not only politics
Hey Rufai, what's up? Trust you're doing well?
Thanks for correcting the panellists on this matter of "textbook economics. " The issue of food supply leading to food inflation is still classical economics. Increasing supply will reduce prices. Demand and supply economics! Simple!
I have 20 years experience of trading forex and derivatives,unfortunately, raising interest rate during inflation is a wrong direction, this will make investors to run away, the fundamental is very wrong, last week America FOMC meeting leave interest on change because of inflation, the implication is this for traders and investors, there will be high spread with Naira therefore making it difficult to trade, investors will not be able to borrow, the economy will be risk aversion, how are these people for God sake, if fundamental is wrong why are you floating the Naira. Floating naira would be the best if fundamental is better, dollar can reduce even to 100, if the price of crude oil could move to 25 dollars in 2018 , dollar can dip down again
Informed and optimistic discussions
We can’t dollarize the economy. Doing so will be a monumental mistake economically. It is not the way to go.
While increasing the Monetary Policy Rate (MPR) by 24.75% may have its intended benefits, there are also potential disadvantages to consider:
1. Higher borrowing costs: A significant MPR hike can lead to higher interest rates on loans and credit facilities, making it more expensive for businesses and individuals to borrow money for investment or consumption.
2. Reduced consumer spending: Higher borrowing costs can dampen consumer spending as individuals may be less inclined to take out loans for big-ticket items like homes, cars, or durable goods.
3. Decreased investment: Elevated interest rates can discourage investment by making it more expensive for businesses to finance expansion projects or new ventures. This could result in slower economic growth and job creation.
4. Impact on mortgage holders: Those with variable rate mortgages or other loans tied to the MPR may face increased monthly payments, potentially leading to financial strain for households.
5. Exchange rate pressure: A higher MPR can attract foreign investment seeking higher returns, which may strengthen the domestic currency. While this can help to control inflation by lowering the cost of imported goods, it may also negatively impact export competitiveness and widen the trade deficit.
6. Risk of economic slowdown: If the MPR hike is too aggressive or not accompanied by supportive fiscal policies, it could risk pushing the economy into a slowdown or recession as businesses and consumers pull back on spending and investment.
7. Impact on government debt: Higher interest rates can increase the cost of servicing government debt, potentially leading to higher budget deficits and crowding out spending on other essential services and infrastructure.
However, while increasing the MPR can be a tool for controlling inflation and stabilizing the economy, policymakers must carefully balance the potential benefits with the short-term and long-term disadvantages to ensure sustainable economic growth.~ Kexter E.A Donald Jnr.
I don't understand how raising the interest rate when manufacturers can't access loan easily will bring inflation down. This is nothing but textbook economy. Money is surplus when allocation is being increased for state govt but the real sectors in manufacturing are getting tougher means of getting money to manufacture
Overly intelligent guest!
What stronger naira abeg? Is naira equal to 1 dollar? Nonsense. What has we gain from subsidy removal?
What about the volume of money in the hands of political leaders including NASS and State politicians
It’s Nigeria yes the Naira value is going based on portfolio investment only . Not investment in critical sectors of the economy . The issue of inflation has a still a big problem and will be around for some time
Rufai is only good in criticism, he becomes mugun in knowledge discussion 😅
you have to be selling drug to make at that rate
pure nonsense
what a conversation. Please bring on intelligent people no Agberos
He shutdown Rufai Oseni and his brainless followers
God bless FINLAND, ISRAEL, AMERICA, RUSSIA, NORTH KOREA AUTHORITIES and other WORLD POWERS for supporting Biafran's FREEDOM. Release MAZI NNAMDI KANU and all the Biafran's FREEDOM FIGHTERS
34 minutes of my time and data was well spent.
Thank you
34 minutes of my time and data was well spent.
Thank you
At this rate, they should have close to N15 TRILLION in surplus. Tge deficit in the 2024 budget is N11 TRILLION.
Tilewa is a professional and he is well-schooled in economic and financial issues. This is a terrific interaction and your audience including me are enriched by the discussion. Kudos guys😂.
4 Years ago
March 30, 2020
Tinubu: I Did Not Urge FG to Print New Naira Notes (Buhari Emefiele’s ways & Means)
Published by ARISE TV, Thisday news report
The National Leader of All Progressives Congress (APC), Senator Bola Tinubu has clarified that he did not call for the printing of new Naira notes in the message he released through his Tweeter handle.
Tinubu said yesterday that he used the platform to make known his thoughts should it become necessary for the government to act.
“Thankfully, we have not seen the worst of the virus but we must be bold and we must be prepared should the time for action ever arise.
He stated that he recommended the “main-taining (or expanding) present levels of government spending; (ii) focusing expenditure on public infrastructure and transportation (if the virus does not hit strongly) and health care (if it does); (iii) tax reduction and VAT suspension; (iv) food security; (v) lower interest rates; (vi) quantitative easing by the CBN to prop up the financial markets; (vii) exchange rate flexibility; (viii) debt suspension to support individuals and the private sector; and (ix) direct economic support for the poor.
“The core principle underpinning all of the above is that the federal government must adopt a countercyclical fiscal policy and should not be afraid to spend as much naira as is required to protect the economy.
“One thing I absolutely did not call for was the literal printing of new naira notes by the federal government. Such a suggestion is extremely far-fetched and has never been on my mind. It is unfortunate that my prescriptions were so badly misunderstood and misreported,” he explained.
This economy has been in disequilibrium due to Buhari Emefiele’s illegal ways and means we are not returning to equilibrium
I gained alot today with this wonderful intelligent guest. Any time or any channel I see this man as guest, I always press the play button. Please bring more experts like this.
I pray Nigeria & Nigerians will excel. 🙏
Invite northern elite to come and talk about Nigeria economy, it shouldn't be talking about politics alone. Let them come talk what they know about economics.