How CBN MPC's Rate Hike Will Affect Nigerians - Bismarck Rewane

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[@atty7697]

Where did they get this data. Yes, the incessant hike in prices has reduced. However, the food prices are still rising. Garri is over 3k, palm oil is still high, eggs are 4200. Garri , groundnut oil. Only the price of rice came down. Beans is about 4500/5k. The price of pepper is ridiculous. We're forced to collect money from POS because ATM won't pay more than 10k.

[@emmanueladeyosoye3607]

Nigeria has a large informal sector where individuals can set their prices and not large corporate food retailers

[@israelnwanne8401]

Nonsense. If the prices of gari and yam have increased how have the prices of carbohydrates decreased?

[@TaiwoBalogunImpact]

Hahahahahahahahaha! You can see that this man na fake

[@ikhuegbejoshua]

Rice

[@BlessedAssurance2007]

This man, Rewane is a classroom economist. He’s not talking about the impact of this new interest rate on production. Nigeria needs production. That’s the chief problem facing the country.

[@ishunagar178]

What should be basic salary in Nigeria

[@ademolajayeola9846]

Mr Bismavk is a Genious like never seen. Nothing is more fascianting than seeing someone displayed his exemptionalities at its best unlike empty skulls like Onapasa a while SAN who came to defend an iconic thief like YAHAYA BELLO on national TV.

[@TaiwoBalogunImpact]

I am sorry, this man, Mr. B always make wrong analysis. At times his analysis are opposite to the reality of what is happening in the country. Sir, try and match your analysis with the practical situations on ground.
Why on earth would a country increase the MPC rate by 150bps? This is indeed wickedness. It shows that these people don't understand the simple economics that were taught in secondary school.
Oga analyst, stop this and look for other things to be analyzing.

[@jewelofnashville1726]

Since he became part of the president economic team, he started talking for govt

[@TaiwoBalogunImpact]

You can see from his info graphic, wrong indicators. Using green arrows to show that price is decreasing and red arrows that price is increasing. Haba! Oga, you are not real with your analysis. It shows in your presentations (speeches)