Rotus symbolizes an Economist; Rufai, a Marketer that knows reality in Nigeria. The debate is interesting. Corruption is the bane regardless of whatever policy
@@apostlekofipaul3258Rotus is simply a textbook man. He doesn't understand the impact of what he says to the common Nigerians. Rufai is more practical and impact to the man on the street
Government policies should also be backed by social impact analysis. When you increase MPR rate, you are resisting the ability of commerce to access funds for their needs. With less access to funding, you stifling productive.
Kudos Rotus, it is difficult to try and talk about reality in these trying times. People just want to hear fairytales, we are going through tough times, so tough measures have to be taken and just like he said “we are not living in a movie, this is real life”, we have to pass through it. As the saying goes, tough times create tough men, tough men create good times. May we live to see the good times. 🇳🇬❤️
tough measures like remove school fees subsidy and promise loan but don't do anything. Or remove fuel subsidy and pretend money supply is the cause of inflation.😂😂 Wake up! The best he can say is the govt has failed to implement the accompanying policies to those policies i.e they had no plans.
Now I understand why Rotus has not seen anything bad about this Government policies. A man that eats 6-7 times daily and barely work around d street will not understand the hunger in town. Rotus, pls keep your analysis to yourself, your analysis don't reflect the happenings in the market.
@@adetunjiogunsowo5386 I am not so sure. He talks like things are a closed loop. In a nutshell the rise in interest rates will destroy demand(higher cost of borrowing). The inflation is not caused by high demand, but by insecurity , price shocks by floating the naira and removing subsidies at the same time. No amount of raising interest rates now will help the economy. People will actually lose their jobs.
He sleeps in America n wakes up in Nigeria,parties,visits friends,do his groceries in America to only go to work in Arise nigeria.he is disconnected from d reality of nigerians. pBAT should take a simple project management course n hopefully he will realize chain n sequence of implementation of policies. He should stop rushing n take his time to build from bottom.
Rufai your papa born you well. Please keep speaking for the less privileged masses, some entitled ones do not know what it means that a father can’t provide for his family, not because of his laziness but for ineptitude of our leaders
Monetary, fiscal and physical policies cannot help Nigeria until corruption is tackled more seriously. The ordinary man is suffering because of corruption at the top.
@MrSahbunky we always oversimplify Nigeria's issues all the time by just using that buzzword "corruption" as if if there is no corruption, the system becomes efficient. Corruption alot of the time is just a consequence/by product of an inefficient system or process. Using corruption as reasons why things don't work in Nigeria stops us from finding out the real cause of issues.
You cannot invest if you don't have disposable income. The common man or woman is not who stocks and bonds is targeted towards. We can be honest. We need to remember that over 130 million Nigerians are in multidimensional poverty, how exactly do you want them to invest in stocks and bonds?? Secondly, currency is backed by the trust and faith of the people. Nigerians must trust the Naira for it to be a store of value, the government has lost that trust and faith because it refuses to perform it's primary function.
Someone need to beg rotus with God to listen to this,d monetary policies been implemented will get frustrated in the end until economic flaws like security,boarder monitoring ,data gathering intelligence are not done. You can't continue to copy paste policies from d finest economic books without fixing the path through which this policies drive. Rotus only need t get married while his wife now explain d reality at the market to him.😊
You guys should not be arguing on the set it's unprofessional. The business news is to enlighten the viewers on available opportunities In Nigeria for any class of people in Nigeria or abroad. The business segment of the arise news is the best segment of your TV broadcast and making it rowdy will not allow the viewers to enjoy it. The purpose of broadcast is to educate, inform, entertain, sports and news. I think you should do the basics of TV broadcasting. This is my opinion as a broadcaster please. Thanks
is he not? At some point, you have to change your narrative instead of sticking to failure. He's acting like the IMF whose mandate is remove all subsidies, unleash suffering and over time, you'll get to heaven like Indonesia and Malaysia (they never use China and Japan or SEA as examples😂). Saying the govt implemented some policies without the accompanying policies is what I'm expecting from him e.g student loan or transportation program. Right now, one has to wait for govt to implement real policies before we speak about it unless they lead you astray.
I always laugh when I read the comments here it’s Nigeria where culture will eat strategy for beak fast . Those who lost their loved ones just because they wanted to buy rice is the reality
The fact is CRR at 45% means banks will not be able to lend out 45% of deposits as it is on reserve with CBN. So overall interest gains is reduced. Banks will make up by increasing fees, people will remove money from banks, monetary policies become less effective, cycle spirals as it self feeds.
Higher rates attracts investors but detracts consumers, because money becomes expensive, thereby causing deflation. This is not a permanent solution, as at some point rates would still needs to be reviewed to balance the economy.
What are you talking about how will higher rates attract investors they want lower rates so both locals and foreign investors will be able to borrow money. What this will do is that it will decrease propensity to consume and increase propensity to save so they can invest the savings
The financial sector benefits, while the real sector suffers is the slim pass-through effect from the currency appreciation enough to compensate for the acute rise in cost of capital. We just gave free rain to inflation
Nigeria problems can only be solved when corrupt politicians stop looting. it's a waste enacting policies when looting is happening every moment by criminal politicians in government.
Rufai, God bless you for calling Rotus out. Rotus is utterly out of touch. He’s truly an elite. Only an elite eats 7 times a day just to build a stupid body that will eventually be claimed by the Mother Earth. “Remember you are dust and unto dust you shall return.
The simple truth is that most of you writing on this platform have subscribe for data at least of #1500 and it won't even be enough for a month which means if most of us sincerely invest as little as 5k it will boost the naira for real and we will gain the interest after 6month, as a Nigerian we need to do more to stabilize our currency
Grammar. Economics is multifactorial. What is the government doing to unleash the productive capacity of nation? What is treasury bill if it doesn't contribute to production?
What is common sense about what rotus has said. He obviously have theoretical grasp of how economics works in a structured country and well organised country. Unfortunately, theory don't work in Nigeria. My take is thus will benefit cbn but wont benefit employers of labour and employees. And CBN being one of the most corrupt government institution, some of their top staffs will make use of this opportunity. Until policies that are anti elite (i.e policies that affect the root problem)are proposed, nothing will change
Rotus, many Nigerians don’t know all these academic analysis but they know where politicians invest their naira and it’s in dollar. Our policy makers and politicians are all busy buying dollars, we will be stupid to not join them
This Rotus of guy, who even trust the government and the economy for them to start investing in the market or what ever business grammar he's blowing, I think he's smoking something to come and show off.
These are the people who had been shouting the CBN didn't hold MPC , now the meeting had been held and decision are made, all the analysts could see are negative, particularly Rufai had never seen any positive move because he supported LP
Rotus is speaking finance english that an ordinary Nigeria on the street doesn't know what he is talking about. How does this grammer translate to proserity for the common people. With all this grammer, there is food insecurity, scarcity of FX, and infrastructional deficiency. Nigerians need solutions and not big grammer, abeg Rotu.
Rotus is speaking based on pure economy on paper/head knowledge, forgetting that Nigeria 🇳🇬 has always find a way to follow the norm. Nigeria is ruled recklessly!
So say I follow Rotus advice and buy 1M Nigerian bond at 17% interest. Meaning I am expecting like 1.17M. But the truth is when that interest mature, the 1M I dropped value will have dropped. I am better off buying gold or dollar with it than Nigerian bond. That is hypothetically if I have the money.
Yes, you're right. But there's an interest rate that will entice investors like you to hold Naira assets instead of dollars. For instance, for argument sake, if the rate offered was 75%, I'm sure your mouth will be watering. The CBN is trying to find that true, market-determined level.
@@afrocraft1 Brother even 100% does not cut it, The naira value as at May last year was 500 to a dollar, now it is almost triple. How do we know the same thing will not happen in 8 months time? Also another more interesting question, selling bonds is essentially a government taking a loan, how are we sure all those money from bond selling will not be embezzled further driving the country down with heaps of debt to repay. The flaw in this plan is that there’s both no stability of currency value and not trust in the government. I don’t think increasing bond interest rate is the way to go.
@@TomiwaAdegbola Assuming everything you say is true, what is the alternative policy response? You can't artificially overvalue your currency forever; there's no gain without pain. The only question in Naija today is _who_ bears the pain. Be careful of what economists call "loss aversion": You've been burnt by Naira's recent fall, so you are too negative to put new money to work with even 100% annual return. Sophisticated international investors are not.
@@afrocraft1 Brother our government knows why our currency is down it is not all these things they are making us or the media talk about including monetary policy or high cost of governance. The truth are the following; 1. Nigeria does not know how much oil we produce, we rely on report from companies to know how much we produce. Installing a simple tracking metre at every production will solve this. 2. We are not even selling 100% of the oil we produce, most of it is stolen from the source, if the government doesn’t know the stealers, the top people in agency does. 3. The few we sell, there’s no adequate accounting of the dollars from NNPC to CBN 4. Make it difficult for everybody stealing funds to transfer it abroad into foreign currencies/ accounts 5. Even if someone steal, make it that they have no choice than to spend that money in Nigeria 6. Give states economic autonomy so they can move at their pace and contribute a quota to federal government. If all these are done, there’s no need for all of these charades to save the naira, including buy nigeria campaign, borrowing from Afriexim etc. Our currency is backed by oil, the oil have been systematically stolen over the years, debt burden is on the citizen and government these are why our currency is weak. Once we fix that, then allowing state autonomy will allow other sectors to thrive naturally. States with agricultural strengths will do it and contribute, the one with natural minerals will do, 3 coastal states can decide to build their own ports and improve trade, a state can decide to fix its power supply to ramp up manufacturing. However when states are not allowed to work and rely on stipend disbursement by the name of Federal allocation which are gotten from the remnant of oil funds and debt, nobody will be incentivized to innovate or create value, and even the few states that wants to, are hindered by federal jurisdiction. Our governments will not do these things because they know the people involved in this national economic sabotage, and keeping Nigeria together will fuel some individual interests that have been settled more than 30 years ago, hence state autonomy will be bad for those individuals. Our government cannot shit and ask Nigerians to pack it, when even the Nigerians have not benefitted anything from the government. Sorry my talk is much, it is just out of passion and the media and all the narratives do not let Nigerians know the truth or should I say we forget the truth so quickly.
No matter how good the cbn decides to implement any monetary or fiscal policy it will not yield any good results as long as corruption is on the increase, insecurity is on the rise and the judiciary that aought to stand firm and deliver justice is also currupt NO reasonable foreign investor will take Nigeria serious. Massive unemployment is gathering like a cloud in the sky and I see it raining heavily.
Grammar too much...The problem here is resource allocation, not resource availability. Pure distribution issue. Start with giving every Nigerian over 60 years with less than 50k in their account extra 50k. I just mentioned 50k as an example...
@@jasonx792 you heard Rufai. What did Rotus say months ago, what is the reality today? You heard the elite caller, how do you respond to the elite caller?
Thanks, Rotus. It's so clear that you have a true understanding of what you're saying great. Rufai only talk as a result of his hatred for President Tinubu.
Rufai is very practical. You're the one implying hate here instead of you tackle the problem. Rotus is impractical, he's only talking about what's in the books.
@@MrSahbunky please I have better understanding of what I'm saying okay 👌 You can choose to walk pass my comment instead of saying I don't know what was saying. Very violent people.
@@adetunjiogunsowo5386 we're talking about a national matter of this magnitude and all your mind can process is to imply hatred for the president, right? You should do better. Talking about walk past your comment, I always laugh at people that say that. You made a public comment and you want me to close my eyes and pass it, right? You shouldn't have made the comment in public then.
This Rotus man 😮what are the impacts of higher interest rates on sme’s and bank capabilities to give loans to real and majority of business people. Hmmmm, Rotus 😢
Of course, you will get a symbolic bounce of the Naira from the rate hike, but it is not sustainable. I will prove it to you in a few weeks when cbn runs out of dollars to defend the Naira. These economic theories do not work in Nigeria, where the overwhelming portion of the Nigerian economy is informal. Hot money may come in from foreign portfolio investors looking for the higher interest rates, but they will need to repartraite their investments. Then what? In the meantime, the extremely high interest rates will constitute the last nail on the coffin for honest entrepreneurs who need to borrow for their startups and ongoing businesses.
It is obvious that we don't know what we are doing in Nigeria or at best we don't understand the problem we are dealing with. Too much money in circulation is not true, because most of these Governors just collect allocations and use the money to buy Dollars and keep so if you say with this policy you want to mop up excess money in circulation, where are you going to see this money to mop. That is why all these economic theory is not working in Nigeria, you just end up punishing the masses
Except you are an elite, how can you say Rufai is an headless mob when times without number similar policies have not worked. Rufai speaks reality for the masses
Rotus disappointed today. It is price stability vs economic slowdown. CBN left it too late to be able to find a balance. Looks like we might be approaching 2030’s style rationing.
Too much grammar... Inflation rate is 30%, treasury or govt bond is gonna be less by 50%. What is the point of buying bonds that would return less than the original purchasing power? Abeg....talk about electricity, exports, production, food production & storage, supply chain, healthcare...
Please, invest your money in the country where you live at the moment. Invest in U.S, U.K. Stay away from Nigeria. Nigeria is a failed state. Your money invested in Nigeria can disappear, and nothing will happen.
The problem is that Rotus is like many other tv speakers in Nigeria, elite wannabes; who have no scintilla of ideas on how to fix economy for the benefit of the people, because their understanding of forming a government has no connection with the people that government is supposed to serve. Rotus is a typical Nigerian elite who treat the common people with arrogant disdain as if they have no reason to even exist in the first people. Nigeria elitism is equal to hating on the poor. That's how they think. Rotus is no different from the guys in AC offices making policies that continue to kill people. Rotus has no connection or relationship or understanding or even feelings, for how the barrow pusher on the street is able to survive and live everyday.
As much as i agree with Rufai, i really admire the maturity with which Rotus handled the challenge. Weldone guys. Awesome news team.,
RUFAI senior advocate of the masses ,please run for office ,we need you 👏
So he can destroy the society with his stupid stances.
@@Abillsable All you this Tinubu boys e never tire u, do you like the current politicians you have ?Don't you wish for something different .
@@Abillsable Who told you that?
Rotus is like all this road sellers selling "how to become a millionaire in 2days" so much textbook economics with no real impact
lik those guys that stay in lekki less than 1 million of those that leave in lekki, he will soon be taking soup to work
I always love a segment like this that spark up debates that enables us to see different point of views.
Rotus symbolizes an Economist; Rufai, a Marketer that knows reality in Nigeria. The debate is interesting. Corruption is the bane regardless of whatever policy
😆🤣 we need a special show for Rufai and Rotus
Pls Rufus is too much for Rufai, he speaks with numbers and facts. Rufai is simply sentimental
@@apostlekofipaul3258Rufai argues based on data but with a human face unlike Rotus who is only a numbers man.
@@apostlekofipaul3258Rotus is simply a textbook man. He doesn't understand the impact of what he says to the common Nigerians. Rufai is more practical and impact to the man on the street
Mr. Rotus, you're a good motivational speaker oo 😅😅
Government policies should also be backed by social impact analysis. When you increase MPR rate, you are resisting the ability of commerce to access funds for their needs. With less access to funding, you stifling productive.
Rutus vs Rufai is a necessary balance to avoid an echo chamber of ideas.
Rotus the only mistake you made is that your view is meant for the 1% of the 1% of Nigeria.
The 1% made decisions that affects the rest of us directly
Kudos Rotus, it is difficult to try and talk about reality in these trying times. People just want to hear fairytales, we are going through tough times, so tough measures have to be taken and just like he said “we are not living in a movie, this is real life”, we have to pass through it. As the saying goes, tough times create tough men, tough men create good times. May we live to see the good times. 🇳🇬❤️
tough measures like remove school fees subsidy and promise loan but don't do anything. Or remove fuel subsidy and pretend money supply is the cause of inflation.😂😂 Wake up! The best he can say is the govt has failed to implement the accompanying policies to those policies i.e they had no plans.
We were here when Rotus said removal of fuel subsidy is okay and would lead to market deregulation
I also heard him on several platforms for some years saying it 🤔
Rotus can afford six square meals a day, he won't understand what the ordinary man on the street is lamenting about.
Exactly 💯. I was looking at him that day as a certain ignorant analyst. He's just a textbook man. His analysis is not practical
Now I understand why Rotus has not seen anything bad about this Government policies. A man that eats 6-7 times daily and barely work around d street will not understand the hunger in town. Rotus, pls keep your analysis to yourself, your analysis don't reflect the happenings in the market.
Rotus is right. CBN is focused on monetary policy.
Rotus. Great guy he has real understanding of the economy
@@adetunjiogunsowo5386 I am not so sure. He talks like things are a closed loop. In a nutshell the rise in interest rates will destroy demand(higher cost of borrowing). The inflation is not caused by high demand, but by insecurity , price shocks by floating the naira and removing subsidies at the same time. No amount of raising interest rates now will help the economy. People will actually lose their jobs.
Rutus is an American in Nigeria
😂😂😂
He sleeps in America n wakes up in Nigeria,parties,visits friends,do his groceries in America to only go to work in Arise nigeria.he is disconnected from d reality of nigerians.
pBAT should take a simple project management course n hopefully he will realize chain n sequence of implementation of policies.
He should stop rushing n take his time to build from bottom.
Rufai your papa born you well. Please keep speaking for the less privileged masses, some entitled ones do not know what it means that a father can’t provide for his family, not because of his laziness but for ineptitude of our leaders
Monetary, fiscal and physical policies cannot help Nigeria until corruption is tackled more seriously. The ordinary man is suffering because of corruption at the top.
Corruption is the real issue
@ononyumegilbert1573 Corruption isnt the main issue but one of the issues
@@abeyysmartcorruption is the real reason things are the way they are.
@MrSahbunky we always oversimplify Nigeria's issues all the time by just using that buzzword "corruption" as if if there is no corruption, the system becomes efficient. Corruption alot of the time is just a consequence/by product of an inefficient system or process. Using corruption as reasons why things don't work in Nigeria stops us from finding out the real cause of issues.
Enjoyed the mature response from Rotus
Rotus is just a motivational speaker 😅
Rotus, the issue with Naira holding is inflation. The real return on investment is negative return.
Hi Rotus, how can I get more information on the CBN bond , I need to invest in it .
Your a smart guy
Contact your bank
My proposal: The Rufai and Rotus Show
Rutus, your analysis still benefits the few who are already rich not the common man.
You cannot invest if you don't have disposable income. The common man or woman is not who stocks and bonds is targeted towards. We can be honest. We need to remember that over 130 million Nigerians are in multidimensional poverty, how exactly do you want them to invest in stocks and bonds?? Secondly, currency is backed by the trust and faith of the people. Nigerians must trust the Naira for it to be a store of value, the government has lost that trust and faith because it refuses to perform it's primary function.
God bless you erufia
Interesting discussion.
Rotus is right, he's speaking from an ideal standpoint and ideally, all he says are 100% accurate, but Nigeria is Far from Ideal and thats the wahala
It’s the plot twist at the end for me lol
Thank you my brother those people don't know what the man on street is facing.
How do I buy bonds
Rufai have been beating rotus in all debate, show me one rotus have won
Rufai thumps up.
Someone need to beg rotus with God to listen to this,d monetary policies been implemented will get frustrated in the end until economic flaws like security,boarder monitoring ,data gathering intelligence are not done.
You can't continue to copy paste policies from d finest economic books without fixing the path through which this policies drive.
Rotus only need t get married while his wife now explain d reality at the market to him.😊
You guys should not be arguing on the set it's unprofessional. The business news is to enlighten the viewers on available opportunities In Nigeria for any class of people in Nigeria or abroad. The business segment of the arise news is the best segment of your TV broadcast and making it rowdy will not allow the viewers to enjoy it. The purpose of broadcast is to educate, inform, entertain, sports and news. I think you should do the basics of TV broadcasting. This is my opinion as a broadcaster please. Thanks
Someone should tell me whether these people fought after the show😅😂😂. Yes! Rotus, what of that money???😅
I like the healthy banter.
This Rotus guy, nah APC. Make una check am. 😊
Because he spoke the truth, he is a member of apc
Is there anything wrong if he is APC member? You people just listen to one side of the argument.
Let the ordinary man go and farm, not at commercial scale but for home consumption only. If this is done, it will be of help. Emmanuel Atuchukwu
How secure is farming? Have the tackled insecurity? Talk is cheap
I like Rufai but this argument is unnecessary. There was no need to call Rotus names or insinuate he is out of touch.
is he not? At some point, you have to change your narrative instead of sticking to failure. He's acting like the IMF whose mandate is remove all subsidies, unleash suffering and over time, you'll get to heaven like Indonesia and Malaysia (they never use China and Japan or SEA as examples😂). Saying the govt implemented some policies without the accompanying policies is what I'm expecting from him e.g student loan or transportation program. Right now, one has to wait for govt to implement real policies before we speak about it unless they lead you astray.
I always laugh when I read the comments here it’s Nigeria where culture will eat strategy for beak fast . Those who lost their loved ones just because they wanted to buy rice is the reality
Fact 💯
Pls I need rotus contact ...pls
Jesus!!... My home town, odogbolu, self collect stray bullet. Is Rufai from Odogbolu? 😅😅😅😅😅
Yes
The fact is CRR at 45% means banks will not be able to lend out 45% of deposits as it is on reserve with CBN. So overall interest gains is reduced. Banks will make up by increasing fees, people will remove money from banks, monetary policies become less effective, cycle spirals as it self feeds.
Rotus, never mind being called an elite, it takes to see the big picture. Everyone one wants to apply basic economics to complex problems
This Rotus always seems argumentative and does little active listening. Rufai was on point as usual.
Higher rates attracts investors but detracts consumers, because money becomes expensive, thereby causing deflation.
This is not a permanent solution, as at some point rates would still needs to be reviewed to balance the economy.
What are you talking about how will higher rates attract investors they want lower rates so both locals and foreign investors will be able to borrow money. What this will do is that it will decrease propensity to consume and increase propensity to save so they can invest the savings
@@babaneneful😅
Rotus is all over the place without making any point
Stop the 🧢 bro
Energy cost is already high and now you are adding high interest cost. You will finally kill business .
When Govt agencies ask for dollars to people to clear goods
you eat 7x and say you know the man on the street, yet someone eating 1 (once daily) because he earns 15k monthly
The financial sector benefits, while the real sector suffers is the slim pass-through effect from the currency appreciation enough to compensate for the acute rise in cost of capital. We just gave free rain to inflation
Nigeria problems can only be solved when corrupt politicians stop looting. it's a waste enacting policies when looting is happening every moment by criminal politicians in government.
Rufai, God bless you for calling Rotus out. Rotus is utterly out of touch. He’s truly an elite. Only an elite eats 7 times a day just to build a stupid body that will eventually be claimed by the Mother Earth. “Remember you are dust and unto dust you shall return.
Pls from someone living in America how do you buy all there treasury bills is there a portal where someone can go
Rotus was wrong about the float of the naira and is still wrong again and he doesn't want to learn
Did rotus steal your girlfriend? 😂
The simple truth is that most of you writing on this platform have subscribe for data at least of #1500 and it won't even be enough for a month which means if most of us sincerely invest as little as 5k it will boost the naira for real and we will gain the interest after 6month, as a Nigerian we need to do more to stabilize our currency
Grammar. Economics is multifactorial. What is the government doing to unleash the productive capacity of nation? What is treasury bill if it doesn't contribute to production?
The problem here is that Rotus has a common sense and understanding which is a punishment for him to debate with those who do not have it.
Common sense is not common in Nigeria the reality is out there on the streets
You also obviously lack common sense
@@ononyumegilbert1573 typical Nigerian comment
What is common sense about what rotus has said. He obviously have theoretical grasp of how economics works in a structured country and well organised country. Unfortunately, theory don't work in Nigeria.
My take is thus will benefit cbn but wont benefit employers of labour and employees. And CBN being one of the most corrupt government institution, some of their top staffs will make use of this opportunity.
Until policies that are anti elite (i.e policies that affect the root problem)are proposed, nothing will change
@@adedejiadeniji2312 I agree until national interest is above personal interest Nigeria cannot move forward
Abegi. Na only God fit intervene , dollar no increase today ?
Its not jargons, its what we need to know.
ROBUST ROTUS ROCKS 👍👋👋👋👋
Oga Rotus na elite. E no dey see us for street o.
Rotus, many Nigerians don’t know all these academic analysis but they know where politicians invest their naira and it’s in dollar. Our policy makers and politicians are all busy buying dollars, we will be stupid to not join them
This Rotus of guy, who even trust the government and the economy for them to start investing in the market or what ever business grammar he's blowing, I think he's smoking something to come and show off.
People that have N5,000 can't even invest it unless they would ignore that request from thier family member.
Will help the Naira in Theory
We have been importing Rice ooo even the Rice Pyramid most of the rice are imported ooo
“If and if and if” economists 😂🤣😂🤣
Though we have the right to speech, can a common man speak up against the Prime Minister in India?
These are the people who had been shouting the CBN didn't hold MPC , now the meeting had been held and decision are made, all the analysts could see are negative, particularly Rufai had never seen any positive move because he supported LP
Na the two of you go vote the last election so you know say him vote for LP
By their comments you shall know them lol.. Y’all always come from a place of hate and it’s Obvious
Rotus is speaking finance english that an ordinary Nigeria on the street doesn't know what he is talking about. How does this grammer translate to proserity for the common people. With all this grammer, there is food insecurity, scarcity of FX, and infrastructional deficiency. Nigerians need solutions and not big grammer, abeg Rotu.
Rotus is speaking based on pure economy on paper/head knowledge, forgetting that Nigeria 🇳🇬 has always find a way to follow the norm.
Nigeria is ruled recklessly!
Any economics that do not benefit a lame man is educational
So say I follow Rotus advice and buy 1M Nigerian bond at 17% interest. Meaning I am expecting like 1.17M. But the truth is when that interest mature, the 1M I dropped value will have dropped. I am better off buying gold or dollar with it than Nigerian bond. That is hypothetically if I have the money.
Yes, you're right. But there's an interest rate that will entice investors like you to hold Naira assets instead of dollars. For instance, for argument sake, if the rate offered was 75%, I'm sure your mouth will be watering. The CBN is trying to find that true, market-determined level.
@@afrocraft1 Brother even 100% does not cut it, The naira value as at May last year was 500 to a dollar, now it is almost triple. How do we know the same thing will not happen in 8 months time?
Also another more interesting question, selling bonds is essentially a government taking a loan, how are we sure all those money from bond selling will not be embezzled further driving the country down with heaps of debt to repay.
The flaw in this plan is that there’s both no stability of currency value and not trust in the government. I don’t think increasing bond interest rate is the way to go.
@@TomiwaAdegbola Assuming everything you say is true, what is the alternative policy response? You can't artificially overvalue your currency forever; there's no gain without pain. The only question in Naija today is _who_ bears the pain.
Be careful of what economists call "loss aversion": You've been burnt by Naira's recent fall, so you are too negative to put new money to work with even 100% annual return. Sophisticated international investors are not.
@@afrocraft1 Brother our government knows why our currency is down it is not all these things they are making us or the media talk about including monetary policy or high cost of governance.
The truth are the following;
1. Nigeria does not know how much oil we produce, we rely on report from companies to know how much we produce. Installing a simple tracking metre at every production will solve this.
2. We are not even selling 100% of the oil we produce, most of it is stolen from the source, if the government doesn’t know the stealers, the top people in agency does.
3. The few we sell, there’s no adequate accounting of the dollars from NNPC to CBN
4. Make it difficult for everybody stealing funds to transfer it abroad into foreign currencies/ accounts
5. Even if someone steal, make it that they have no choice than to spend that money in Nigeria
6. Give states economic autonomy so they can move at their pace and contribute a quota to federal government.
If all these are done, there’s no need for all of these charades to save the naira, including buy nigeria campaign, borrowing from Afriexim etc.
Our currency is backed by oil, the oil have been systematically stolen over the years, debt burden is on the citizen and government these are why our currency is weak. Once we fix that, then allowing state autonomy will allow other sectors to thrive naturally.
States with agricultural strengths will do it and contribute, the one with natural minerals will do, 3 coastal states can decide to build their own ports and improve trade, a state can decide to fix its power supply to ramp up manufacturing.
However when states are not allowed to work and rely on stipend disbursement by the name of Federal allocation which are gotten from the remnant of oil funds and debt, nobody will be incentivized to innovate or create value, and even the few states that wants to, are hindered by federal jurisdiction.
Our governments will not do these things because they know the people involved in this national economic sabotage, and keeping Nigeria together will fuel some individual interests that have been settled more than 30 years ago, hence state autonomy will be bad for those individuals.
Our government cannot shit and ask Nigerians to pack it, when even the Nigerians have not benefitted anything from the government.
Sorry my talk is much, it is just out of passion and the media and all the narratives do not let Nigerians know the truth or should I say we forget the truth so quickly.
No matter how good the cbn decides to implement any monetary or fiscal policy it will not yield any good results as long as corruption is on the increase, insecurity is on the rise and the judiciary that aought to stand firm and deliver justice is also currupt NO reasonable foreign investor will take Nigeria serious. Massive unemployment is gathering like a cloud in the sky and I see it raining heavily.
Kai...I love Rufai Oseni. The likes of Rotus are deceiving us with theories that have no business with reality
Grammar too much...The problem here is resource allocation, not resource availability. Pure distribution issue. Start with giving every Nigerian over 60 years with less than 50k in their account extra 50k. I just mentioned 50k as an example...
Out of sentiment invested in Nigeria ETF, but everything don pafuka.
This Rotus, time keeps proving his loudness doesn't match his knowledge of these things he talks about.
He is very knowledgeable stop lying to yourself
@@jasonx792he is delusional.....he is not in touch with reality
@@jasonx792 you heard Rufai. What did Rotus say months ago, what is the reality today? You heard the elite caller, how do you respond to the elite caller?
Thanks, Rotus. It's so clear that you have a true understanding of what you're saying great.
Rufai only talk as a result of his hatred for President Tinubu.
Rufai is very practical. You're the one implying hate here instead of you tackle the problem. Rotus is impractical, he's only talking about what's in the books.
@@MrSahbunky please I have better understanding of what I'm saying okay 👌
You can choose to walk pass my comment instead of saying I don't know what was saying.
Very violent people.
@@adetunjiogunsowo5386 we're talking about a national matter of this magnitude and all your mind can process is to imply hatred for the president, right? You should do better.
Talking about walk past your comment, I always laugh at people that say that. You made a public comment and you want me to close my eyes and pass it, right? You shouldn't have made the comment in public then.
Rufai please let them know.
This Rotus man 😮what are the impacts of higher interest rates on sme’s and bank capabilities to give loans to real and majority of business people. Hmmmm, Rotus 😢
The problem with R.O is that he thinks he should have a say in every conversation.
Of course, you will get a symbolic bounce of the Naira from the rate hike, but it is not sustainable. I will prove it to you in a few weeks when cbn runs out of dollars to defend the Naira. These economic theories do not work in Nigeria, where the overwhelming portion of the Nigerian economy is informal. Hot money may come in from foreign portfolio investors looking for the higher interest rates, but they will need to repartraite their investments. Then what?
In the meantime, the extremely high interest rates will constitute the last nail on the coffin for honest entrepreneurs who need to borrow for their startups and ongoing businesses.
It is obvious that we don't know what we are doing in Nigeria or at best we don't understand the problem we are dealing with. Too much money in circulation is not true, because most of these Governors just collect allocations and use the money to buy Dollars and keep so if you say with this policy you want to mop up excess money in circulation, where are you going to see this money to mop. That is why all these economic theory is not working in Nigeria, you just end up punishing the masses
It must be frustrating for an Economist like Rotus debating headless mob like Rufai and the joker that texted him.
Except you are an elite, how can you say Rufai is an headless mob when times without number similar policies have not worked.
Rufai speaks reality for the masses
Don't mind him, ignoring the realities of life, who trust government to even want to invest in the criminal market or whatever.
Your statement shows how uncivilised you are, and how insensitive you are to the plight of the people.
Ole Ole u're one of them
How can you say rufai is a what ? Pls off the mic
Rotus, fix corruption in government with regards to forex and you will not need all these drastic policies
Rotus doesn't understand economics
Stop lying to yourself bro
Rotus good job. Though you are worng. They need to address the root cause of food inflation.
With all your grammar... This analysis you are making bring on the table of common man??!
Mary people do not have #1k in their bank account and you are talking of #5k. Mr. Oga does not know what the common man is facing on the street.
Rotus disappointed today. It is price stability vs economic slowdown. CBN left it too late to be able to find a balance. Looks like we might be approaching 2030’s style rationing.
Rotus is always wrong with his analysis check his analysis when his exchange rates was unified.
Too much grammar...
Inflation rate is 30%, treasury or govt bond is gonna be less by 50%. What is the point of buying bonds that would return less than the original purchasing power?
Abeg....talk about electricity, exports, production, food production & storage, supply chain, healthcare...
Making money and patriotism are two different things. Why should I hold a depreciating currency? Rotus is out of touch with reality.
this man know nothing about what poor Nigeria going through
Please, invest your money in the country where you live at the moment. Invest in U.S, U.K. Stay away from Nigeria. Nigeria is a failed state. Your money invested in Nigeria can disappear, and nothing will happen.
This man wearing black suit doesn't really know anything for real but what he read in economics textbooks
The problem is that Rotus is like many other tv speakers in Nigeria, elite wannabes; who have no scintilla of ideas on how to fix economy for the benefit of the people, because their understanding of forming a government has no connection with the people that government is supposed to serve.
Rotus is a typical Nigerian elite who treat the common people with arrogant disdain as if they have no reason to even exist in the first people. Nigeria elitism is equal to hating on the poor. That's how they think.
Rotus is no different from the guys in AC offices making policies that continue to kill people. Rotus has no connection or relationship or understanding or even feelings, for how the barrow pusher on the street is able to survive and live everyday.
This is the text book example of textbook economics. That is all he knows, book, it's only to be talking anyhow
Rotus is just speaking English grammar and he is just too theoretical. He does not really understand what is going on in the streets of Nigeria.