Good Talk CBN Governor But...!

Dear All,
Do please let us digress a little and look at the latest issue in the Financial circle.
Nigeria now has a new Governor at the Central Bank Of Nigeria (CBN)
His name his Lamido Sanusi ex-MD of First Bank Of Nigerian (FBN) believed to be one of the foremost bank in the nation.

This man was appointed to replace the Dr Charles Soludo aka MEGABANK APOSTLE and it was generally believed that this change of guard was politically and ethnically motivated.

On account of the above at the appointment ratification session in the Senate , he was able to convince majority of the senators and the chronic skeptic citizens that he is a competent replacement for Dr Soludo due to his erudite, sagacious and eloquent responses to enquiries made by the honorable members of the Senate.

One of the quotes from the screening session widely reported by the media in the last 2 weeks goes thus ‘’…….each time I am asked on how the Nigerian Economy has developed, the question I ask is how many Nigerians who were not eating three square meals before now are now eating 3 square meals?’’.

Good talk CBN governor but……….The following posers from the average Nigerian require response from you sir.

Before we continue, what are your comments on the quote above?
Please send in your comments.

Background Info! Goings On With Your Stock 4

Other Marketing Avenues / Foot Soldiers
The number of financial analysts / experts who bombarded our airwaves during the period was legion. Right now you can count the numbers on your fingers. The power of the media was maximized and the experts only insist the market was forever going to be on the rise.

What about our friends and relatives especially our young graduates who were allotted huge targets as such emotions were whipped and we succumbed to the pressure by investing in companies that we would not have invested in order to preserve their employments.

Did you also experience the influence of friends or/and who were had lucky streak in the market and thus overnight became gurus and influenced the investment decisions you took?

Other Investors
Institutional investors especially pension institutions who accumulated portfolios for a raft of reasons like, sentiments, relationships and desperation to invest the suddenly acquired investible funds?

What about the gullible and uninformed (misinformed) general public who joined the bandwagon because they led to perceive this was the in-thing?.

The heralding of new rich (nouveau riche) especially the political class who had so much money to influence the market

Also included above are the industrial captains who had to use all means to retain their hold on their companies by taking up as much stock as they could possibly get.

WHICH CATEGORY DO YOU FALL INTO FROM THE ABOVE?. LET US TALK ABOUT THIS.
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