This man is the G.O.A.T. He analyses so well, breaks it down and brings it home. I have been schooled by listening to him, Mr Chukwu, Mr Tilewa. This is phenomenal. God bless you Mr Mbonu
If Chika is the CBN governor, laymen who are not schooled in Economics would understand what's happening in the Nigerian economy. The current CBN governor does not speak the economic language of the common man. Chika brings it down for all to understand with real life examples. Thank you Chika and kudos to the host.
Unfortunately, increasing interest rates does not work the same way in Nigeria. It works in western countries because they're huge on credit. Increasing rates in Nigeria largely affects the manufacturers and suppliers of goods and services. Ofcourse that would lead to an increase in their cost which would be passed down to consumers. So, increasing rates in Nigeria actually has a reverse outcome for us. Also, Nigeria being a largely import dependent country suffers when the exchange rate is high and unstable. This also contributes to the ridiculous prices of goods and services.
Chika is always spot on.
Thank you Chika for breaking it down. Have a good day.
Appreciate your lecture Chika 😊😎
This man is the G.O.A.T. He analyses so well, breaks it down and brings it home. I have been schooled by listening to him, Mr Chukwu, Mr Tilewa. This is phenomenal. God bless you Mr Mbonu
If Chika is the CBN governor, laymen who are not schooled in Economics would understand what's happening in the Nigerian economy. The current CBN governor does not speak the economic language of the common man. Chika brings it down for all to understand with real life examples. Thank you Chika and kudos to the host.
They should make him the CBN spokesman.
Everything good happens in Nigeria when good things happen to oil
chika, pls give the soup example
Corrupt APC will not be Abel to do such
Unfortunately, increasing interest rates does not work the same way in Nigeria. It works in western countries because they're huge on credit. Increasing rates in Nigeria largely affects the manufacturers and suppliers of goods and services. Ofcourse that would lead to an increase in their cost which would be passed down to consumers. So, increasing rates in Nigeria actually has a reverse outcome for us.
Also, Nigeria being a largely import dependent country suffers when the exchange rate is high and unstable. This also contributes to the ridiculous prices of goods and services.
Lovely breakdown.... Thank you sir