Top man! Top insights as always! In summary, Nigeria is worse off even though the NBS Shows positive balance of trade. Convert those figures to dollars $ and see we actually performed worse off. Don't be deceived.
This is the only guest that has simply highlighted the cause and solution to current economic problems in Nigeria - absolutely no better days to come in Nigeria without reviewing Naira floatation. In fact, if floatation isn't reviewed, worse is expected. The only problem in Nigeria today is Naira floatation. At this point, I expect everyone to be specific with this demand from the government, else you are wasting your time.
The Economic Reforms might not be working at the moment, however the Nation is now at the point where Good Economic Policies could be formulated and applied for Short, Medium and Long term Economic benefits of all sectors of the Economy including the Security Sector.
A Yangere (Taraba) proverb says: "No matter how fast and how far you move in the WRONG direction, you will never get to your destination" Tinubu's so-called reforms will be a monumental failure with a very weak Naira. Today, 1000 France CFA used in some African countries is 2,700 Naira. In 2014, the same 1,000 France CFA was. 350 Naira.
Floating Naira is much more impactful on the economy than removing subsidy, but sadly most of our analysts in the country are more concerned with subsidy removal.
This man is good but I disagree on his proposal to keep defending the currency. He left out hiw nearly every Nigerian currency trader was just roundtripping of FX, and he did not explain that to control the price of the FX we had to completely deplete our foreign reserves and incurred debt. It simply was not sustainable.
We have smart brains like this littered all over the country, but we have chosen to elect the worst set of people in our society into public office where they make negative decisions affecting everyone. Now we are all suffering
Nigeria economy has defied all solutions,we have tried fixed exchange rate with poor results now we have floated the naira(devaluation of naira) and the economy is literally suffocating with Nigerians plunged deeper into poverty and penury. It is high time we question the proficiency and expertise of the economists ,financial experts and central bank governors who have run Nigerian economy for the past 40 years.These professionals are total failures.
Are you having an issue with Mr. Rufai or Tinubu? Obviously, you must hate the truth because of crumbs from Tinubu. Enjoy it before his devilish policies get to your family.
If we don't know that inflation simply means the expansion of money supply and credit, then we're doomed to repeating the past failed policies. You don't get prosperous by printing money
And some of the things/factors obscurring what should have been good impacts of these trade surpluses could be corruption(excessively over invoicing of capital projects) on the part of govt and capital repatriation on the part of foreign companies doing businesses in Nigeria
Where do you always find this funny economists? When he was talking about import surge compare to last year, he didn’t talk about exchange rate, but immediately he started talking about exportation, he switched to exchange rate as if we buy from China with Naira. 😊 The bottomline is there’s increase of trade. We have more exportation than importation this year and Nigeria economy has grown than last year.
If you want to produce to manufacture to make things, do you make energy costs higher? How can God make electricity and fuel cheap to make things work, but Tinubu reverses and makes energy costly and expects to industrialize?
Be mindful of people you bring on your shows. Data shows the export increase both in NGN and volume. Don't you give them the topics they ar meant to discuss before coming to the studio?
Are you really an economist? Stop naira flotation! How do you attract foreign direct investment to a country struggling to create employment? A country struggling with corruption and a cabal mentality? You say peg naira to other foreign currencies that are fiat(devalued). Our discussions should centre round demand and supply (laws of economics). Produce more, increase supply chain, and sell at the cheapest prices to create international competition and attract surplus. All we need is discipline. Mr. Agbaje all the countries you mentioned that revitalised their economies had discipline.
Dude. Provide a solution and stop hyperventilating. How do you fix low productivity? How do you fix reserves? One simply doesn't wish those into action, and you have not laid out any specifics to do those things. What a waste of time listening to Captain Obvious😂
Who told you accountats dont look at underlying factors. Like accountants dont look at exchange rate. There are even reporting stadard on foreign expchange translation. Its best you speak on what yoou know
But he is right. As an accountant to the government. The job is to report on the financial situation on what they see on paper. They will not look at the underlying effects like an economist will
Is Tinubu not an accountant, as he claimed? Why has not considered the underlying factors before rejoicing over something that doesn't have an effect on the people? Or may be he just wants to be wicked.
@dareafolabi As an accountant. They will give reports based on what they have on paper, which is naira, and the currency in which they are supposedly reporting. For example, they claim foreign reserves have increased. Yes, it has but by 1.17%, but what they fail to communicate to Nigeria is that the value of our currency has dropped over 100%. So do you really have any increase in foreign exchange. Definitely NO. We are in a serious mess, and the devaluation of our currency is what makes them keep reporting all these lies. The effect on the ground is high inflation, and it will only get worse.
This guy is so lovely and brilliant. I watched and listened to his analysis whenever I saw him. Whenever he talks, I watch and listen!
Always thrilled listening to Dr Abaje!
I love Paul Alaje's analysis, really spot-on
Great analysis that’s cuts through the fog to reveal a better picture. Well done!
Top man! Top insights as always! In summary, Nigeria is worse off even though the NBS Shows positive balance of trade. Convert those figures to dollars $ and see we actually performed worse off. Don't be deceived.
When Alaje speaks, I listen
Rotus should come and learn sensible economics
Alaje is a gem.
His profile is rising fast
Great economist bless your soul
This man is very good!!
Thank you Dr Alaje
Wow! This is the best economist I have ever watched talking.
Thank you Mr Alaje!
God will surely bless this man and Arise TV. The government of the day are not serious and jokers.
I thougt we heard all the advice he just gave before from someone " From consumer to production". Most people said na number we wan chop.
Overdose is your other names...
Na this man we need for economy strategy
Dr alaje 👍👍
Thank you Mr Alaje. You’ve said it all.
Great talk
this man is knowledgeable
This is the only guest that has simply highlighted the cause and solution to current economic problems in Nigeria - absolutely no better days to come in Nigeria without reviewing Naira floatation. In fact, if floatation isn't reviewed, worse is expected. The only problem in Nigeria today is Naira floatation. At this point, I expect everyone to be specific with this demand from the government, else you are wasting your time.
Great Ife❤
Una don come again... Shey na Only Ife dey produce intelligent people???
Brilliant analysis and discuss. Clueless government of PBAT. Thank you.
Peg the naira at 1k to the dollar and all this tension in the economy is gone over night
Pegging is fixed exchange rate. It will not work well in Nigeria
@@kelechukwuanozyk7605 it will if the government is sincere
I wish to know if he has a platform
The Economic Reforms might not be working at the moment, however the Nation is now at the point where Good Economic Policies could be formulated and applied for Short, Medium and Long term Economic benefits of all sectors of the Economy including the Security Sector.
A Yangere (Taraba) proverb says: "No matter how fast and how far you move in the WRONG direction, you will never get to your destination" Tinubu's so-called reforms will be a monumental failure with a very weak Naira. Today, 1000 France CFA used in some African countries is 2,700 Naira. In 2014, the same 1,000 France CFA was. 350 Naira.
But the import too was quoted in Naira too.
Paul and kelvin have always been consistent people will say na stats we chop but it’s Nigeria stats are used for planing those who know know
So.. We need to go from consumption to production? Interesting. Nigeria, I hope you hear.
Floating Naira is much more impactful on the economy than removing subsidy, but sadly most of our analysts in the country are more concerned with subsidy removal.
Obi talked a lot about production during the campaign.
Nigeria cannot move forward without production
Trade surplus in Nigeria?
What are the benefits for Nigerians and the economy?
Genius
This man is good but I disagree on his proposal to keep defending the currency. He left out hiw nearly every Nigerian currency trader was just roundtripping of FX, and he did not explain that to control the price of the FX we had to completely deplete our foreign reserves and incurred debt. It simply was not sustainable.
The fact is that Our currency is not backed by any value. All we have his a fiat Naira.
Listening to the news is very saddening this year
We have smart brains like this littered all over the country, but we have chosen to elect the worst set of people in our society into public office where they make negative decisions affecting everyone. Now we are all suffering
Untill we embrace Meritocracy, we will continue to go round in 🔵
One of the most educating interview this can't happen with Rufai as the anchor. Well done Mr. Alaje
Nigeria economy has defied all solutions,we have tried fixed exchange rate with poor results now we have floated the naira(devaluation of naira) and the economy is literally suffocating with Nigerians plunged deeper into poverty and penury.
It is high time we question the proficiency and expertise of the economists ,financial experts and central bank governors who have run Nigerian economy for the past 40 years.These professionals are total failures.
Just you know, Rufai has had many interviews with this oak and it was excellent. So back off and get your facts right!!
U no hear the content of the message, na to begin compare people.
Are you having an issue with Mr. Rufai or Tinubu? Obviously, you must hate the truth because of crumbs from Tinubu. Enjoy it before his devilish policies get to your family.
@@kennethmonday8382 - you are talking nonsense.
Our currency is backed by your productivity.
Do you even know the definition of productivity?? 🤣🤣🤣🤣🤣🤣🤣 Propaganda
If we don't know that inflation simply means the expansion of money supply and credit, then we're doomed to repeating the past failed policies. You don't get prosperous by printing money
I can understand why they get trade surplus despite economic collapse I'm the country physically...
We must Praise the President, he Saved the Country from recession
Isñt trade surplus not net of export over import?
Only if you base both import and export on stable currency e.g dollars
And some of the things/factors obscurring what should have been good impacts of these trade surpluses could be corruption(excessively over invoicing of capital projects) on the part of govt and capital repatriation on the part of foreign companies doing businesses in Nigeria
Where do you always find this funny economists? When he was talking about import surge compare to last year, he didn’t talk about exchange rate, but immediately he started talking about exportation, he switched to exchange rate as if we buy from China with Naira. 😊
The bottomline is there’s increase of trade. We have more exportation than importation this year and Nigeria economy has grown than last year.
Joker and lier
Deloitte should be ashamed of this empty head in Aso Rock who claimed to be their former staff.
Truly...
@afrolifemedia OH, did he actually work there? I thought they denied that..
What happened is that our currency is a mess.
If you want to produce to manufacture to make things, do you make energy costs higher? How can God make electricity and fuel cheap to make things work, but Tinubu reverses and makes energy costly and expects to industrialize?
This govt thinks backward.😂😂
Be mindful of people you bring on your shows. Data shows the export increase both in NGN and volume. Don't you give them the topics they ar meant to discuss before coming to the studio?
I think you really need to listen to what he has said again.
For stating the exchange rate, you know your onions? Govt should stop calling high devalued naira figures
Give your guest water
This is the basic economics the jagandist economist simply cant understand.
APC is a curse to intelligence.
APC and Emilokan exonomic scam.
More Naira in your pocket ,but far less value 😂😂😂
Federal government please why not call this young man Dr Alaje and apply some of his advice to see if we can come out of this nonsense
Government will never seek of this kind to help them out. They prefer the coconut head that will help the loot more.
Sometimes these kinds are only good for the classrooms.
@@DonaldOYewandeNot true, saner country use their research institute effectively, i. e they use the classroom knowledge well
Tinubu is like a where belle face ball kicker, he only knows how to steal, grab and run away politics. By the time he finishes with una 😅
All currencies are FIAT😅
Are Tinubu's motor park "economists" Watching Uwaje?
When you lie, continue to lie to cover other lies, no change will happen or there is no intent to change. Nigeria is still falling apart
Abeg leave accountants alone 😂
Electricity and good roads, this folks knows all of that!! Is not rocket science! But Bala blu bulaba. Jokes jokes
He is sound
Propaganda government 🤣🤣🤣🤣🤣🤣
Are you really an economist? Stop naira flotation! How do you attract foreign direct investment to a country struggling to create employment? A country struggling with corruption and a cabal mentality?
You say peg naira to other foreign currencies that are fiat(devalued).
Our discussions should centre round demand and supply (laws of economics). Produce more, increase supply chain, and sell at the cheapest prices to create international competition and attract surplus. All we need is discipline. Mr. Agbaje all the countries you mentioned that revitalised their economies had discipline.
Dude. Provide a solution and stop hyperventilating. How do you fix low productivity? How do you fix reserves? One simply doesn't wish those into action, and you have not laid out any specifics to do those things. What a waste of time listening to Captain Obvious😂
Who told you accountats dont look at underlying factors. Like accountants dont look at exchange rate. There are even reporting stadard on foreign expchange translation. Its best you speak on what yoou know
But he is right. As an accountant to the government. The job is to report on the financial situation on what they see on paper. They will not look at the underlying effects like an economist will
Is Tinubu not an accountant, as he claimed? Why has not considered the underlying factors before rejoicing over something that doesn't have an effect on the people? Or may be he just wants to be wicked.
@dareafolabi As an accountant. They will give reports based on what they have on paper, which is naira, and the currency in which they are supposedly reporting. For example, they claim foreign reserves have increased. Yes, it has but by 1.17%, but what they fail to communicate to Nigeria is that the value of our currency has dropped over 100%. So do you really have any increase in foreign exchange. Definitely NO. We are in a serious mess, and the devaluation of our currency is what makes them keep reporting all these lies. The effect on the ground is high inflation, and it will only get worse.