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CBN’s 22.5% Interest Rate Will Worsen Economic Situation – Peter Obi - Politics (6) - Nairaland

Nairaland Forum / Nairaland / General / Politics / CBN’s 22.5% Interest Rate Will Worsen Economic Situation – Peter Obi (14074 Views)

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Re: CBN’s 22.5% Interest Rate Will Worsen Economic Situation – Peter Obi by Saintinoo(m): 7:08pm On Feb 29
nlfpmod:


Peter Obi

I remembered saying same thing but some ignorant people here were insulting me. We need production and you are discouraging producers from collecting loan with the increased MPR.

What type of reform is this.
Re: CBN’s 22.5% Interest Rate Will Worsen Economic Situation – Peter Obi by Saintinoo(m): 7:14pm On Feb 29
ogbonti:
CBN is now a commercial bank giving private loans to individuals - whatever is a norm all over the world, Nigeria finds an easy way to bastardize it - very soon, private individuals can print their own naira at home - afterall, a certain forger in Aso Rock printed his own certificate grin grin

CBN does not give loan to private individuals Sir. The MPR is a tool, CBN use to give loan to lending institutions who give loan to investors, if CBN increase her loan rate, those lending institutions will increase the rate at which they give loan to thoae investors.

2 Likes

Re: CBN’s 22.5% Interest Rate Will Worsen Economic Situation – Peter Obi by Michaelcircuit(m): 7:37pm On Feb 29
God bless you more. Great man with great idea
Re: CBN’s 22.5% Interest Rate Will Worsen Economic Situation – Peter Obi by victorsola: 8:06pm On Feb 29
nlfpmod:


Peter Obi
if you can’t give solutions no dey criticize. Since he started this move of criticizing he has never given a concrete solution

2 Likes

Re: CBN’s 22.5% Interest Rate Will Worsen Economic Situation – Peter Obi by ogbonti: 8:11pm On Feb 29
Saintinoo:


CBN does not give loan to private individuals Sir. The MPR is a tool, CBN use to give loan to lending institutions who give loan to investors, if CBN increase her loan rate, those lending institutions will increase the rate at which they give loan to thoae investors.

you surely lack comprehension skills

1 Like

Re: CBN’s 22.5% Interest Rate Will Worsen Economic Situation – Peter Obi by Onyema190: 9:11pm On Feb 29
Mehn! Where did we get it wrong in this country? May God have mercy on us.
Re: CBN’s 22.5% Interest Rate Will Worsen Economic Situation – Peter Obi by Kurugu92(m): 10:33pm On Feb 29
WhiteWood:
Lol, Obi will always be a boy but I think he's right about this, because increasing the monetary policy rate and cash reserve ratio can cause job losses in sectors that depend on bank loans and credit. Just sticking to traditional economic theories will not be enough to handle Nigeria's current complicated economic problems. All I want is progress for Nigeria --Kudos Obi
bro I don't have any hatred for the dude but his supporters are anoying I preferred obi to that Dubai guy cus this is what opposition is all about check and balance
Re: CBN’s 22.5% Interest Rate Will Worsen Economic Situation – Peter Obi by WhiteWood: 11:18pm On Feb 29
Kurugu92:
bro I don't have any hatred for the dude but his supporters are anoying I preferred obi to that Dubai guy cus this is what opposition is all about check and balance

Bro, I completely understand your point -- From my own POV -- Obi seems like a very good opposition, but I find his supporters really annoying, especially when it comes to politics and common sense. Still, I respect him for doing a good job as an opposition member and I might even vote for him come 2031 if he continues like this
Re: CBN’s 22.5% Interest Rate Will Worsen Economic Situation – Peter Obi by Fearurcreeator: 11:21pm On Feb 29
[quote author=Massiveglory post=128704300][/quote]
Your brothers are here everyday begging here ... Check their names ... Yeye
Re: CBN’s 22.5% Interest Rate Will Worsen Economic Situation – Peter Obi by Kurugu92(m): 11:26pm On Feb 29
WhiteWood:


Bro, I completely understand your point -- From my own POV -- Obi seems like a very good opposition, but I find his supporters really annoying, especially when it comes to politics and common sense. Still, I respect him for doing a good job as an opposition member and I might even vote for him come 2031 if he continues like this
Sorry bro 2031 ? There will be no vacancy for any southerners even if it's a saint the only chance he got is then and tinubu and the north will not be stupid to religuise power to him or anybody come 2027
Re: CBN’s 22.5% Interest Rate Will Worsen Economic Situation – Peter Obi by Kurugu92(m): 11:30pm On Feb 29
WhiteWood:


Bro, I completely understand your point -- From my own POV -- Obi seems like a very good opposition, but I find his supporters really annoying, especially when it comes to politics and common sense. Still, I respect him for doing a good job as an opposition member and I might even vote for him come 2031 if he continues like this
I mean relinquished
Re: CBN’s 22.5% Interest Rate Will Worsen Economic Situation – Peter Obi by Healermyst: 1:57am On Mar 01
Ogiame:
You don't have to sound like an irresponsible fellow all the time man.
Dat is ehn

1 Like

Re: CBN’s 22.5% Interest Rate Will Worsen Economic Situation – Peter Obi by Healermyst: 2:00am On Mar 01
Rostikol:
Obi go and find a JOB.

This man no get work?

Everyday he’s on social media yarning dust.
Fr somebody Dat can employ ur entire generation both living and de death? .... Try the do research on pple, put politics aside
Re: CBN’s 22.5% Interest Rate Will Worsen Economic Situation – Peter Obi by aribisala0(m): 3:32am On Mar 01
There are different types of production
In the immediate term
The most important production needed is food
No one is going to produce cars or TVs on a massive scale this year
There are different finance options for farmers and they receive subsidies too
With a crisis of confidence in the Naira the CBN is not prioritising production but inflation
No one is going to invest in machines if exchange rate is so volatile

1 Like

Re: CBN’s 22.5% Interest Rate Will Worsen Economic Situation – Peter Obi by aribisala0(m): 3:37am On Mar 01
There is nothing like opposition in a presidential system Obiis a bad loser trying to stay relevant
He has an opinion on everything which is just bad manners

2 Likes

Re: CBN’s 22.5% Interest Rate Will Worsen Economic Situation – Peter Obi by Saintinoo(m): 10:53am On Mar 01
ogbonti:


you surely lack comprehension skills

Read the rubbish you again, if you don't see the errors in it,then I shouldn't be on this page with you.
Re: CBN’s 22.5% Interest Rate Will Worsen Economic Situation – Peter Obi by Coolgent(m): 11:51am On Mar 01
Agbado economy
Re: CBN’s 22.5% Interest Rate Will Worsen Economic Situation – Peter Obi by aribisala0(m): 11:17pm On Mar 02
Healermyst:

Fr somebody Dat can employ ur entire generation both living and de death? .... Try the do research on pple, put politics aside
Only Iboes talk like this
Any small thing
I get money pass you
I can feed You
I can buy you
I can feed You generation

Once you hear such boastful words know it is an Ibo man speaking
Invariably be is hungry ,dirty and unproductive

2 Likes

Re: CBN’s 22.5% Interest Rate Will Worsen Economic Situation – Peter Obi by iamfactor(m): 11:39pm On Mar 02
Rostikol:
Obi go and find a JOB.

This man no get work?

Everyday he’s on social media yarning dust.

Somebody that can feed you and your unborn generation... I dey shame for you. grin
Re: CBN’s 22.5% Interest Rate Will Worsen Economic Situation – Peter Obi by TenQ: 9:31am On Apr 13
LegalWolf:
This chap just talks for talking sake. Our people sincerely dodged a bullet!
Hello Legalwolf,
I am just checking up on you.
How is work!

Try and find time to relax my Brother: don't burn yourself out because of work in UK!
Man doesn't live by work alone o!

Have a nice day!

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