And Rufai, it's like you don't think deeply anymore, that dollar is long time with us, but all this new giants economy looking for alternatives will have it, it takes time, they will come out times bigger than US, that American economy is in the pocket of China, so Bobo calm down, people want to free themselves, but i know in Nigerian mentality to go free is not in our mentality, we loved to be a slave.
The greater argument is de-risking from sanctions imposed by a single country. Second ability to trade in local currency and 3rd potentially backing currency by gold or other basket of natural resources.
The program is very informative, with the exception of no labels on the names of the parcipants so that one has the ability to research their credentials and leanings.
No, original BRICs (lowercase s) was coined by a UK investment banker, he used the ‘s’ to signify plurality of States. Afterwards, when South Africa joined, it was revised to BRICS (upperclassmen S) to include the new addition
The Professor has not done his homework on Brics so he is not articulate enough. Nigeria's real advantage here is simply this, they will need less dollars for International trade eventually. by signing Bilateral trade Agreements with the other BRICS members where they can trade using each others currencies. (China is Africa's biggest Trading Partner)
Please Sir, allow me to CONGRATULATE Nigeria for it's partnership with the BRICS, though yet to be a member. However, being a 'Smart-Partner' with the BRICS makes Nigeria accessible to other members of their BRICS for investment opportunities. It's a smart partnership to ease connectivity and socio-political involvement in the international political economy.
Rufai and Ayo are disingenuous. The last time BRICS came up and Nigeria was skipped, they lamented the bad economy, etc, and now look at the hypocrites
No one wants to be the small boy of the small boy. If you want to be the small boy of the West you cannot at the same time say I am the a leader of Africa or the global south. If Nigeria cannot compete with the West, stand aside small boy. You'll be like spain or Portugal of europe when real men and nation on the continent stand up.
Without having the backing of BRICS African countries will never be able to accumulate the gold reserves you are questioning. African priduce a vast quantity of gold. It's the weakness of not belonging to a more including international body why this is the case. Joining BRICS is tge beginning of the changes required to be able to not just accumulate the gold but to be able to secure it without having to place it in the possession of countries from which it will never be returned.
Oseni, do you know why the U.S. dollars is still so powerful? It's because of the IMF and the World Bank. When the Brics and starts trading in other currency and removes their foreign reserves from the U.S./ dollars, the dollars wouldn't be that strong again. This is why the United States feels so threatened. Oseni you're educated and you're so gullible about this? You should go do some research about this. Critical Thinking & Analysis.
Rufai Oseni sounds like he is compromised. For someone that mouths off about politicians and how how bad things are for us, he seems to pretend to be ignorant of the negative consequences of foreign Western actors too. Point the guest was making is that we have to be deliberate about what we want but Rufai is simply and basically saying "lets not offend massa", lol
And Rufai, it's like you don't think deeply anymore, that dollar is long time with us, but all this new giants economy looking for alternatives will have it, it takes time, they will come out times bigger than US, that American economy is in the pocket of China, so Bobo calm down, people want to free themselves, but i know in Nigerian mentality to go free is not in our mentality, we loved to be a slave.
Aptly. Also 90% of the products Nigerians used daily are coming from china or japan.
Yes, and also many of them are actually sourced from Africa and processed in China / Japan, then resold at higher margins
@@koriifaloju2051 that's right
The greater argument is de-risking from sanctions imposed by a single country. Second ability to trade in local currency and 3rd potentially backing currency by gold or other basket of natural resources.
Well stated. I can't believe that all these journalists, allegedly educated, are so naive and ignorant.
Help me tell rufai that thinks USA is God on earth
The program is very informative, with the exception of no labels on the names of the parcipants so that one has the ability to research their credentials and leanings.
Tinubu dey go there to spy on Brics for USA. 😅😅😅😅
original Brics is Brazil, Russia, India, China and South Africa
No, original BRICs (lowercase s) was coined by a UK investment banker, he used the ‘s’ to signify plurality of States.
Afterwards, when South Africa joined, it was revised to BRICS (upperclassmen S) to include the new addition
Happy to see Rufai again. I was beginning to wonder if they finally pushed him off.
The Professor has not done his homework on Brics so he is not articulate enough. Nigeria's real advantage here is simply this, they will need less dollars for International trade eventually. by signing Bilateral trade Agreements with the other BRICS members where they can trade using each others currencies. (China is Africa's biggest Trading Partner)
What the hell is different from what you're articulating and what the professor is saying?
In Africa most west Africa countries must expect coup attempts be the West through France-US are out for business as usual
Brics important for developing countries like Nigeria,bls we import more from china,if u are importing from u.s,it cost more for your foreign reserve
Please Sir, allow me to CONGRATULATE Nigeria for it's partnership with the BRICS, though yet to be a member. However, being a 'Smart-Partner' with the BRICS makes Nigeria accessible to other members of their BRICS for investment opportunities. It's a smart partnership to ease connectivity and socio-political involvement in the international political economy.
Rufi on fire is back
0:06 We joined with russia's coalition? That's going to create problems down the line with international relatioespecially with the usa and maybe UK .
How has beig dollar dependent helped Nigeria?
Rufai and Ayo are disingenuous. The last time BRICS came up and Nigeria was skipped, they lamented the bad economy, etc, and now look at the hypocrites
The Marshalls laws of 1945 championed by US is still overbearing
No one wants to be the small boy of the small boy. If you want to be the small boy of the West you cannot at the same time say I am the a leader of Africa or the global south. If Nigeria cannot compete with the West, stand aside small boy. You'll be like spain or Portugal of europe when real men and nation on the continent stand up.
What is African Trade Union doing
If Nigeria can champion Ecowas very well his will easily be a strong base for African Trade Union
The word partnership is like sitting on the fence neither for brics or West
What I expect is we should conduct referendum whether to join or not
Partnership is not a choice made by Nigeria. It's a state through which existing members place it while they evaluate it for full membership.
What national interest are you talking about? Does our leader understands this over these decade of restless looting?
Is BRICS not another neocolonialism
Rufai is being skeptical about it
Priyof gold will rise
Also the gold coin Gaddafi wanted for Africa where is the gold reserves
I mean price of gold will rise
Without having the backing of BRICS African countries will never be able to accumulate the gold reserves you are questioning. African priduce a vast quantity of gold. It's the weakness of not belonging to a more including international body why this is the case. Joining BRICS is tge beginning of the changes required to be able to not just accumulate the gold but to be able to secure it without having to place it in the possession of countries from which it will never be returned.
Oseni, do you know why the U.S. dollars is still so powerful? It's because of the IMF and the World Bank. When the Brics and starts trading in other currency and removes their foreign reserves from the U.S./ dollars, the dollars wouldn't be that strong again. This is why the United States feels so threatened. Oseni you're educated and you're so gullible about this? You should go do some research about this. Critical Thinking & Analysis.
Rufai Oseni sounds like he is compromised. For someone that mouths off about politicians and how how bad things are for us, he seems to pretend to be ignorant of the negative consequences of foreign Western actors too. Point the guest was making is that we have to be deliberate about what we want but Rufai is simply and basically saying "lets not offend massa", lol
These journalist are useless