You Cannot, as a Developing Nation, Remove Subsidies and Float Your Currency Simultaneously -Alaje

[@sunny-xu6vz]

This man's ability to analyze and synthesize information is truly impressive.

[@3dd3cheetosdoritos11]

You bring someone this loaded with economic sense to come and speak for 10 minutes but when you bring nonsense politicians you give them 1 hour airtime.

[@ekenesamuel9004]

Those ones buy airtime for prime slots.

[@preyeketebu-brown3362]

I tire!!! They don't know that this is the only hope for some undergraduate Economics students to get real economics knowledge....

[@preyeketebu-brown3362]

I wish I had people like this lecture me I for be Professor by now!

[@mikolowiskamikolowiska4993]

What are you doing in school. What makes you think you are important to them ​@@preyeketebu-brown3362

[@daviddash9947]

It is not the purpose of these forums to educate the people. Politicians are giving all the times in the world to spread nonsense and decide the citizens. Educated citizens are the mortal enemy of the politicians.

[@thomasassim-ita1787]

God bless you, Paul Alaje. You've spoken well how I the government listens. We cannot as a developing nation removed subsidy and devalue our currency at whose benefits? The state or few powerful people?

[@masterolumide2269]

Why is this anchor breaking this guy ...this guy has more than enough to offer

[@Hebhinizha]

What is going on with our national economy is as result of having wrong people in the sensitive offices. I hope we realise our mistake and make amend in due time.

[@ephramevezi48]

But how?.When the ugly rule over competence and decency That's what happens when ethno-religious considerations dictate our selection process.

[@ekenesamuel9004]

5:20 As an Economists too, I remember bantering Accounting students back in the days 😂.

[@eyitopeedwards-jn3or]

Please Arise Anchors, kindlu allow your guests to wrap up their line of thoughts before interjecting for subsequent questions-

[@AfricasOpinionFestar]

.56 cent a liter. In Uganda, it is $1.34 USD per liter Nigeria wants FREE gas....

[@Paul65_45]

Is Uganda an oil producing nation?

[@jaromemkumbwa]

why should you look for something else when you own one of the world's biggest refineries. make a good use of it and make Africa great again.

[@normal_side]

Simple, but when we have peoples who just want to make name and steal in power rather than service to the nation. This is what we get, they are clueless to solution but creates more problem.

[@du5707]

Removing subsidy and even taxing fuel would have been ok. But you dont float your currency if you dont have any competitive products, which will increase in demand via export to earn from dollar revenue. The main purpose of devaluation is to earn more revenue from export not to reduce import. It is not too late to return to a fix exchange rate yearly.

[@philomenaakpoveso763]

SO wait ooo...BABA no commot this subsidy after all these !!!

[@donatusben4021]

And, that a country that has several refineries that ought to be refining petroleum products in excess that would drive the prices relatively low. It shall not be well with those and their entire generations who deliberately destroyed Nigeria for their selfish gains

[@phlintify]

You look at Nigeria and you see John 11:35 ... una dey ke'race!

[@AdolphusIgbinedion]

#950 per liter of PMS in Warri

[@oludayogiwa1806]

So what should you do if you don't float currency

[@ucheegbo1135]

If you ask me na who l go asked?

[@markmaco6840]

Go into production let your economy be productive let your refineries be functional stop asking stupid questions

[@voicecommunities4810]

​@@markmaco6840 For real!

[@LazlouTN]

​@@markmaco6840"Go into production, let your economy be productive" is not an FX policy...stop giving stupid answers.

[@3dd3cheetosdoritos11]

@@markmaco6840 slow people will still not understand your answer. They are as slow as our politicians

[@DeoluOniranu]

Makes sense, you remove subsidy from an economy that isn't productive, we should know it will tank the economy, then to add insults to injury, float the naira. We should know floating the naira will make things expensive, no need for a genius to explain that, and we have also observed that if fuel price increases, everything increases. So, when you do both, it's like throwing a grenade into petrol tanker

[@ebuka56]

Paul Alaje, you're really good and spot on. But you were wrong in saying that a developing nation cannot remove subsidies and float the currency simultaneously. You don't manage an economy with emotions, you do so completely rationally (what people call without conscience). It's not difficult to decide whether you should have subsidy or not. If you cannot afford it like Nigeria it shouldn't be up for debate. As for floating the currency, it's the same thing. If you don't have the foreign reserves to defend an artificial exchange rate, does it make sense to embark on this action? Why do Nigerians love the idea of free things always without looking for a way to innovate to solve a problem, there is never any quick solution to structural problems.

[@ObjectiveObserver-xh4vk]

Bulaba economics has finally crashed. 😂😂 Buhari is now better ,just imagine the national shame.

[@ephramevezi48]

But Buhari was not patriotic in.supporting Tinubu. Buhari was concerned about his place in history, that is rating his administration better than that of his successor.

[@dansatchkabaka4415]

At best, Tinubu is clueless, and his ideas are outdated. At worst, he is working for a foreign interest, because all his policies benefits foreign interests.

[@Anunimorigba01]

We buy #1000 today ogun state

[@ck-sl3kt]

dey play

[@babssloans7945]

Stop fuel subsidies, channel it to housing, more housing for citizens, go CNG

[@JMax7890]

Where is the infrastructure to go full CNG ...why r the refineries not working ...

[@babssloans7945]

@@JMax7890 do your research stay informed

[@michaeldavid8564]

Subsidy is not a normal way of life

[@Lotanna20]

it is,most countries do it. Its just that politicians in Nigeria like to corrupt everything

[@ifeoluwaoni7999]

​@Lotanna20 Exactly the reason why we shouldn't do it. End subsidies and end 80% of corruption in Nigeria. I don't know exactly why people are against its removal. Trillion of naira that we pay for subsidies that are mostly not transparent can be diverted to cushioning its effect & build infrastructure & housing we are talking about trillions here. Tinubu is on the right track he should remove the remaining subsidies

[@Lotanna20]

@@ifeoluwaoni7999I get what you are saying,personally i think the main thing is to put rules in place that discourages corrupt practices because whether you remove subsidy or not if the funds will still end up in the hands of questionable individuals nothing will change.

[@ayohaywhyzzle7891]

Tinubu has destroyed the country with his cluelessness

[@olajideoladeji313]

I agree with you sir. The major challenge we are facing which Tinubu created was the floatation of our currency.

[@JatoImoh]

What is the alternative? Using our reserve to back up a declining currency? Jonathan did that in 2014 to 2015 and it flopped .

[@JamesDike-g5t]

​@@JatoImoh then let live with it...the poor will die finish before tinubu leaves...the Nigeria population will reduce..the northerners will stop giving birth anyhow

[@phlintify]

You look at Nigeria and you see John 11:35 ... una dey ke'race!

[@phlintify]

You look at Nigeria and you see John 11:35 ... una dey ke'race!