Nigeria Can Consider Getting a $30 Billion IMF Stabilization Programme - Moghalu
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- čas přidán 5. 03. 2024
- Even though the IMF might be a dirty word in Nigeria, we are already doing what they want, with the removal of subsidies. The real solution to our economic crisis is to study what brought us here. Nigeria can consider issuing a N20trn bond to finance projects in railway, housing, and agriculture nationwide and create 5 million jobs within three years
Prof. Kingsley Moghalu, Chairman African Private Sector Summit
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Rufai is an enigma, a blessing to journalism in Nigeria and a delight to our minds. Most people blindly criticising him are tribalistic, corrupt, foolishly religious, and dumb.
He is the best and most intelligent journalist in Nigeria.
Rufai never disappoints, a very smart young man. He is very knowledgeable in several spheres, and it guides his valuable contribution. His grasp of historical context and evaluation shreds the shallow arguments of his numerous guests. I am so happy he is part of the national discussion..
Beautiful observation. I agree with you completely
You are a guru yourself... you give bars.
Rufai, you be man! Sound , courageous and concise..
What is lacking in Nigeria is truth, honesty and transparency.
Refuse to fight corruption and criminality you will never prosper.
Dr Rufai on fire. The right mindset, understanding the basic ❤🎉
Did you see how Rufai's questions made the professor go deeper in analyses? Rufai is very good.
Rufai is a blessing to journalism in Nigeria and a delight to our minds. Those criticizing him blindly are either tribalistic, corrupt, foolishly , religious, or dumb.
I absolutely agree with you.
He is the best.
It's great to see this man has still maintained his progressive mindset.
Nigeria hasn't had its effect to dull him. There is still hope for Nigeria with people like Prof.
Professor dey give Idea to drunk old blind man wey no get primary school certificate to carry out surgery😂😂😂
And yet your Ipobian rejects him as President and voted for third class degree in preference to a professor 🧑🏫. You be Mumu now
😂😂😂
Sad, that!!!
Omg 😅😅😅😅😅😅😅😅😅
3 times the propaganda asleep tv has been deleting my reply 😀they can criticise but doesn’t want to be criticised. DisOBIdientsupporters are brainwashed into believing that their 3rd class candidate can rule Nigeria with his tomatoes 🍅 paste warehouse experience. You can delete Mumu tv station
People like Mogalu should have been made the president of Nigeria...
The Africa problem.... they don't use their best
Four groups that continue to destroy Nigeria 1. Politicians 2. Civil Servants 3. Banks 4. Governors
The last,the people attached to them.
Mr. Kingsley Moghalu kudos for the truth of Nigeria 🇳🇬 situation
I am from DR Congo but I love the listen and learn from the guest. He is a great person
Listening to you opens up much of what L. P presidential candidate Peter Obi is talking about transforming Nigeria to production nation.
Not minding politics.
Ifekaego Nnewi you’re a genius we’re proud of you Chief.
I have always admire Prof kingsley Moghalu.fixing nigeria is not a rocket science,its just that our politicians are not interested.
Talk is cheap, Nigeria's problem is more complex than rocket science.
The right things are espoused by this eminent Nigerian. The country is not short of persons with great ideas. Moghalu has said it all.
I honestly can't avoid listening to you Prof. Each time you speak it's a time to learn for a few of us....
Mr Moghalu came up with a very comprehensive and analytical thesis of Nigeria's problem and some solutions. The greatest set- back Nigeria has, its inability to mobilize Nigerians who are one of the most confident and smartest people on earth both in the diaspora and domestic to help solve their problems, This has been as a result of the many tribal and religous differences in the make -up of Nigeria.. This could also be the greatest asset Nigeria have, but has never been utilized. Once Nigerians see themselves as a Nation instead of groups of selfish tribal and religous entities most of their problems will be solved.
My GOD this is the first, very reasonable and self realisation of truth, spoken out of no hate but simple truth, we as Nigeria we do not know what we have in the combination of our tribes I hope we do not lose it before we realise the worth.
God bless you for this wonderful observation. I pray for that day when we get to see ourselves just as you pointed
Kingsley Maghalu is still taking us to IMF and Worldbank policy that destroyed Nigeria by taking $30B loan, he's not even talking about living wage that will develop economy.
He said Nigeria should float the Naira again to build railway, housing and Agriculture, that's the problem, IMF loan is a big problem in Nigeria, where are all the money we got from IMF since 1960? He's not asking questions and he want to put us into more problem.
Who are those investors? Same IMF white folks that are just here to cash out and make our people poorer
When you see people speak English, you think they have sense
Kingsley Maghalu is not aware that our problem is not wealth creation but distribution of wealth. We have enough money to go round but our criminal recycled politicians and elites in the society are stealing and storing them for nonsense.
#WeCantContinueLikeThis
All that professor is saying is the way to go, the problem is that the person there doesn't have the character or the competence to lead the way. He doesn't... he just wanted to be president nothing else.
Yes and his always sleeping on duty😂😂😂
Listening to Prof here, I feel so hopeful for our dear country. And I couldn't help but wonder how we would've fared if Moghalu was the president!!!
It's impossible because of WHERE he comes from.....so let's stop dreaming
The application of Keynesian, Friedman or any sort of economic model is not the fundamental issue as regards the Nigerian economy. Corruption awaits any policies or models that intend to reshape the state of the economy. Currently, Nigeria needs a rigorous social and institutional framework that would reset our mindsets. Aside from the foregoing, no policy or model can ever yield a positive result.
Unfortunately it's same people that will carry out the reform. Snake does not swallow itself.
Therefore let your yea be yea and your no be no. INTEGRITY IS THE SOLUTION
That's why I said remove government from the production line reduce regulation and give whatever the government makes to the banks so that private institution can access these funds and build the infrastructure let the users pay for it's use
Why is Nigeria not lucky to have people like prof as the country's president
Because we vote based on religion and ethnicity rather than based on competency and merit
Tribalism and nepotism
Because sustainable success is not a product of luck. The people of Nigeria have to decide to choose a leader on competence and not tribe or religion
Because we praise those who embezzled economic resources and has taken corruption as the way for leadership
The Unitary System forbid such. Imagine it's Regional Government easy become PM in his region.
This is intellect, knowledge n wisdom, Professor Kingsley Moughalu speaking with fact n figures not the agbodorians that act n speak like touts trying to defend the indefensible
That word is Keynesian, not Kinetian, guys! More importantly, Kingsley Morgalu and his presentation exemplifies the paradox that is Nigeria…..a country blessed with world class talent and yet remains impoverished by clueless and devilishly corrupt politicians. Unbelievable!
The talk about investors coming back to Nigeria should never exclude the issue of insecurity. Insecurity is the chief factor driving investors away from Nigeria and the continued drift towards accepting or allowing jihadist or a militant form of islam especially in most northern parts of Nigeria including ethnic tension. No investor will knowingly endanger his/her own live or the lives of their staff and operatives in this sorts of society. The lack of a stable electricity supply, good roads and quality health care services or pipe borne water is another issues of concern for the investors. Quite surprised that none of these crucial factors was addressed by the eminent professor Moghalu. Thank you Dr Reuben Abati, Rufai Oseni and Ayo for this insightful presentation.
Aptly put.
I hope Cardi-B (Cardoso) and Ednut (Edun) are taking note of what Prof is saying.
Professor Kingsley Moghalu honestly Nigeria needs you to be presidential adviser on economy matters.
In a government where the president is sincere NOT a self-centred one
You said he's good but why should he be good for adviser on economy and not president if Nigeria is distressed. Check the wisdom of Herod of making Joseph the adviser the main man to be in charge.
Super interesting interview, he knows his stuff, a word is enough for the wise. Super speech.
This platform and channel, Arise tv, keeps impoverishing the hearts and minds of young Igbos. Great job Mr Oseni
This grammar - wetin you mean?
Rufai is one of the most intelligent and informed journalists in Nigeria. I don't even know comes second. He comes to the stage with facts and figures. That is why politicians and their cronies hate him. He simply destroys any illogical presentations. He is historically adept and can truly discuss any topic intelligently.
We indeed have quality citizens in this country who know the issues and the solutions for Nigeria’s problems. Prof Moghalu is one of them. And there are many of them all around Nigeria in all geopolitical zones. Unfortunately, the politicians not yet interested in solving the issues and changing the course of this country.
Waohhh, i love when intelligent people discuss issues. This is an awesome insight
Loan is not the problem. The problem is that these thieves are already measuring homes, and all they will buy with the stolen funds. And IMF does not care that the entire 30B will be stolen.
IMF is one of Nigerian problems. They enjoy our politicians a lot. IMF gives Nigeria loan, Nigeria politicians will loot the loan, send it back to IMF and they will look for a way to give Nigeria that same money as loan again. And debited us the second time while we are yet to pay the first.
I like all that Mr. Kingsley said but I don't like the area of borrowing from IMF again.
IMF is one of Nigerian problems. They enjoy our politicians a lot. IMF gives Nigeria loan, Nigeria politicians will loot the loan, send it back to IMF and they will look for a way to give Nigeria that same money as loan again. And debited us the second time while we are yet to pay the first.
I like all that Mr. Kingsley said but I don't like the area of borrowing from IMF again.
There is no reason for you two to share your comments. Too much negatives. The problem with Nigeria are nigerians themselves. Both the people and the government.
@taharka3897 okay Tinubu.
We hear you. Now move on.
It's a public forum.
@ojobee Tinubu? No, not a chance. Besides, I am an American. Like I said, you are negative. All people like you do is complain. You have nothing positive to add to any conversation. Nothing can be fixed by negative thoughts if that's the only thing you have. Should always be a balance.
We have a country run by Carpenters and Mason with mortar with no architect to interpret the features of the building. God save Nigeria!
Tinubu did not do a good job in his cabinet choice! He decided to go the Buhari nepotic way. How can all your finance & economy ministers from your tribe? Obasanjo did and Yar dua did a good job of choosing a cabinet with competence and capacity!
And Nigeria really progressed under obj and yarardua
Trust the option they will take is borrowing with intention to loot
Hahahahahaha
Exactly my thought
I supported prof when he ran for presidency. Too smart.
This Rufai always want to be the interviwer and interviwee at the same time
This man would have being the best candidate for finance minister or CBN governor but the haters of igbos won't let him...
Rest Please
Thank you Rufia! You are a wise man
I laugh in Igbo language....
Give Annini and his gang 100 billion dollars, they will loot it before your very own eyes through needless renovations, and fraudlent palliatives.
Tinubu and his illegitimate gang must step aside for us to have hope in Nigeria.
I read Prof Moghalu’s paper and he shows a thorough understanding of the problems facing Nigeria however, I felt he should have done abit more to address policies that could be used to regulate the economy such that corruption can be nipped in the bud.
I don't even know that magical policies that most or u are waiting to be given to deliver us in this quagmire we found ourselves in this country. Someone has said everything and someone is still expecting another kind of solution.
Brother no other ways than what he has said which the buck of them lies with leadership.
Until we can get the right people with right character into leadership nothing will work
This man needs to be working for Nigeria
At this time in Nigerian history, we need a well versed president that knows what to do to bring the country out of the woods. And not someone that has zero knowledge and therefore depends on advisers to come to his rescue. But tribalism and religion wouldn't permit that to happen.
Wise analysis. You need to head the economic team. God's grace
I always like people of knowledge,
Sincerely I enjoy listening to Arise News. You people are very curent
What a shame, this kind of people that should rule Nigeria, but is the worst of us that rule us.
FRAME 5:00 "When are we going to become a truly prosperous nation? When are we going to become an emerging market?"
--Kingsley Moghalu
Question don climb question!
THROWBACK! Mr. Kingsley Moghalu, once upon a time, proposed the "Dubai" and "Malaysia" "models" for various zones of Nigeria. What changed?
Wonderful speaking sir.
With this kind of large population, the government might consider selling some of its citizens to other countries.
😂😅😂
Abeg I want follow people to be sale to U.S
I really enjoyed this great job Arise
Sir....Abeg dey use punctuation marks so you won't be confusing us.😏😏
Why didn't people vote this man
Leaders must lead. Kingsley Moghalu is absolutely correct. Those who with the highest intelligence and integrity should be at the helm of leadership.
Did l hear Presidential award for Leadership Excellence?😂😂😂
I tire o!
As in eh!? Na wao! 🤷🏽♀️
Great presentation proff
Misappropriation is the main economic problem, thank you Rufai for asking the right questions. The government system is ad-hoc, short-term and sinister; thank you for the summary Prof. Moghalu. A recap of your presentation at the Leadership award, the economic advisory committee members should be full time not ad-hoc or persons with invested interest as currently constituted. It is not rocket science to get Nigeria working again, only the right persons with the right mind set will make the difference.
Thanks for all said, Is time for Nigeria to know wat they are doing,thanks
What an intelligent man❤
Our problem is corruption, corruption, corruption, etc.
Brilliant submission, another IMF loans being the top option confirms the immense problem Nigeria is in. You won’t get great loans from any lender if you don’t have income to back it up-if anything, it might be a predatory loan or one where the borrowers bears all the risk. This is all in hope that a small group of investors would see it as opportunity for quick cash, a case of “free in free out.”😢
The IMF loans have not stabilised Ghana, Sri Lanka, or Argentina. Nigeria needs political restructuring to diversify the economic away from a mono-product (oil export)
IMF loans come with devastating conditions. Are old enough to have experienced SAP, structural adjustment Program? Nigeria was Killed!
On point...
Until we have a round peg in a round hole we go nowhere cos how do you explain this bundle of knowledge not in corridor of power. I weep for my country
Prof Muoghalu Kingsley bristles with wisdom. The type that is very uncommon. He is the type of person Nigeria needs at this point of national hopelessness in all fronts. There are a good number of such Nigerians gifted with very sound ideas and a practicable road map out of "this woods ". The issue is whether the government is amenable to advice. Does the government care about the woes of the country?. Are they committed to turning things around for the very deeply distressed citizens or are they non challant and rather looting from the already damaged economy.?
These submissions of Prof Kingsley is very sound. But the greatest asset that will attract investors is leadership. Who is the leader of the nation? No investor will have confidence in a leader whose vision is more political than nation building.
As long as our leaders are fixated on sharing oil money as against boosting agriculture to export levels and manufacturing, the economy will be on this downward trend.
Rufai is simply incredible and unbeatable.
Professor Morghalu's economic recovery model should be given due consideration by the government.
Well spoken,.
Nigeria in 2024 no security no electricity, food high cost . 😢 and it's usually like this every year. Privatisation has killed us deeply
There is economical war in Nigeria just as there was leadership war in Nigeria which is becoming the thing of the past
The Igbo wants to hijack the economy control from the Yoruba. The attack on farms is part of a battle for who controls the economy.
When the battle for the economy is ended and the true economical leader his seen, Nigerian economy is stabilized
Tech...
The land must be rightly used.
Ko si nkan ikoko ni eyi😄
ToLu Emiayo
This is Love
God bless you Rufai.
This is the same thing Peter Obi has been talking about. Is it that people are not listening because of envy , bitterness or what ? This is not new idea but now that we have more people saying this same thing can we get to work?
Very correct
I pray so
Hi level of sentimental mind and illiteracy is holding us backward
Nigeria is not larger than India, China, USA, etc. Nigeria is not too poor. What is happening to Nigeria is govt's insensitivity to Development. Why is Ajaokuta Steel not running? Why should Nigeria have only 3 cement factories? Why should Nigeria not have a working refinery? Population is not our problem, rather govt has failed to make use of its population. The youths that are majority are hunted by law enforcement agencies. Let's deliberately delve into agriculture to feed ourselves at least.
ANY POLICY OR KNOWLEDGE WITHOUT WISDOM AS DRIVERS WILL NEVER WORK.
Good talk.
Will these suggested approaches fall on deaf ears as usual ?? All hope is almost lost . What a nauseating shamble of a situation in Nigeria 😢😢😢. We must get some experienced laurels who still have integrity intact, to bring out solutions and work things right in Nigeria . No nepotism,no godfatherism and no to inexperienced money- minded beings . Else ...welcome to hell on earth .
Great commentaries
People like this are in Nigeria and we are voting Buhari and Tinubu. When are we going to have a president that understand numbers like Prof and Peter Obi
Mr man thank you for saying the truth that politicians are not feeling the hardship in Nigeria and they have job while common man don't have job that will give them daily bread may God bless you professor Kingsley. M. for your truth.How I which will all can listening to one another it could have been better.
When the common man on the street is always interested on defending the criminal Politicians because of where they came from not minding that their actions are affecting every Nigerians irrespective of tribe religion or region
Why is it that a country Nigeria, that is about 230 million in population is asking help from Germany, a country of about 75 million for investment? Retrospectively, what is in the heads of Germans that Nigerians lack? Are there other groups in Nigeria that have the enthusiasm to give a trial of what Germany is doing? If that exists, why not tap their talents?. But then the demise of a nation begins with a series of mistepps. Lift yourself by your bootstraps before begging other nations for help. Otherwise agitations by the 230 million people would create an explosive dismemberment.
He talks about incompetence as reason why nigeria stands today where it does NOT EVEN MENTION CORRUPTION one time.... Seems like he is part of the system.
Go and listen to his full speech at the leadership program
U will hear what u want.
He touched most things
But we saw some one trying to refuting the idea that Nigeria is a failed state, considering were we are economically... until we all agree that we have a problem... there will be no way forward.
Peter Obi said everything this man said and more.
As he spoke, my mind went straight to Buhari. A man who should not have had any reason coming close to the corridors of power! He destroyed the country and posterity will judge him.
I need an honest answer my dear Nigerians, these locally assembled brands like the Innoson and co, are they truly efficient and durable for our roads? I completely support the idea of our government officials using locally assembled vehicles.
Yes
They are
Personally I don't think so. They are Chinese models anyway.
Can Nigeria forget tribal bigotism and let the rich and well enlightened people in that land, whilst they are still mentioned as Nigerians. FACT: Igbos are far far ahead of any group of Nigerians in everything, if they take charge of Nigeria fully, trust me Nigeria will develope beyound recognition within ten years. FACT
This is not about tribe. It is about empowering the most competent, accountable and passionate people to govern the country from all the tribes in Nigeria. There are very sound individuals in every tribe, but the thieves, looters, election riggers, drug Lords, tout coordinators will not allow them.
But why are economic brains in Southeast not able to transform the region into economic viability ? Instead, Igbos preferred to sojourn in other parts of the country. Don't believe the cook and bull story about the Igbos being more Nigerian than others?
@@adekunleyussuf4259 I take it you like Lagos (former Capital) and Abuja ( present Capital) . No civilized country in the world regard their Capital as belonging to a particular region, reason, it will always have the lion share of investments, from Enterprenuars to Expatraites etc. It is only in third/fourth world called Nigeria do indigines of a country capital claim they own a national wealth. Even then scratch the surface you find that in Nigeria , Igbos develope not only these national cities but they also develope their towns. FACT...Actualize Biafra and in three months both lagos and Abuja will become slums : FACT...not tribal, but Bare naked fact based on physical measurable evidence
@christianigwegbe8118 Joking! Southwest would always lead the nation. Even SW would do well as Oduduwa Republic. Southeast has a huge mountain to climb. They would get there but going to take a lot of hard work for the Igbos in general to start heading to SE to develop their region. Otherwise, nothing is going to change to the beleaguered SE even with Obingo at the helm of affairs.
With so many Nigeria professors, how many of them come public like this analytically, knowledgeably, and brilliantly conscious and eloquent???
This Prof is good
Building a nationhood, during the election, what happened in Lagos?
I put it to you that if they take any IMF loan, they would share the money.
I see you all cunningly left out that Peter Obi won the politician of the year
Me Abati ran🏃🏃🏃. May God help us.
Only Peter Obi can save NIGERIA.
Some of the things Prof is saying,Obi has said it.
Tinubu has no capacity to implement anything
Just saw and would like to let you know that we seem to be building our castle in thin air. There’s nothing like structure in Nigeria. This is why it’s easy for them to swindle us.
Most countries of the world operate data- driven systems whereby it is crystal clear to see the activities in the system except Nigeria. Until such a time when our systems are transparent and can be evidenced in actual numbers and not ‘manipulated’ that will be the time to analyze using relevant laws and theories to access the performance and validity of the economy. We are just being fed with abracadabra economic theories which have no simplest resemblance to the reality of our people.
Jagabandit leadership excellent.😅😂😂😂
Population is a great asset. Professor Morghalu should rethink his submission on population. China is regretting its radical demographic tune down. People or human capital are an economic asset.
I always laugh we I see the comments but it’s the state of the nation . My view here is let go back to basics
20 trillions bond for infrastructure? That money would disappear faster than a speed of light. Buhari came with the hope of destroying corruption but it instead of that, he took it to another level. Tinubu's government is not ready to deal with corruption because na the same APC.
Please Nigeria should not get any funds if they are not being used specifically for the purpose intended. These politicians will borrow money and not do anything meaningful with it.
Nigeria will do well if we go our separate way or better regional level
I disagree with you. I think drafting more laws and updating the nations constitution to fight our core issues with a competent enforcement agency to enforce the laws and ensure every citizen adheres to them.
@TravisGunderson-ge9nh is that goings to fix mistrust among different tribes which biggest problem nigeria is faced with, it have prevented us from electing credible leaders, eg if south west was country of it own, there is no way they would want tinubu to be their president
Interesting
The best brained man
Who will pay for all these loans and with what resources. The leaders cannot account for what they did with the previous loans and they are still borrowing with oil as collateral.