You're welcome back. It's still the break for us. And right now we're going to look at what the CBN acting governor said He says that that version of that sporadermy 10 says is the reason for Naira crash Okay, so it is the woman you gave to me It is the the snake that you created. Is this what is happening right now? Okay? We have here to discuss this with us. Mr. Nick Agouli a Public affairs analyst. Good morning and welcome to the program. Mr. Agouli Good morning to Nigeria's. Okay. We also have mr. Joe Femid Agouli Also a public affairs analyst joining us. Good morning and welcome to the show Okay, good. Let me start with Nick Agouli I just asked the question whether it is what happened in the Garden of Eden when it happened that Someone ate an apple or someone ate a fruit and everybody nobody wanted to take the blame It is the woman you gave to me. It is the snake. Everybody was was blaming somebody else Is that what is happening right now because the CBN governor is saying that it is the diversion of desperate remittances That is causing the Naira to crash. Do you believe that? Yeah, it wasn't basically Let me start with Nick. Nick Agouli, please and they will come to you Joe I I don't believe that at all. I Don't believe that even if The diversion of desperate remittances. I don't even understand what it means by diversion diversion from where to where Even if that was the case it is a minimal Reason for the Naira crash The people in government must understand the fundamentals and the fundamentals are that The Naira Against the dollar Is a matter of Who is demanding who? So as we speak today in Nigeria, the Naira is demanding the dollar more than the dollar is demanding the Naira And for so long as the Naira is demanding the dollar More than the dollar is demanding the Naira the Naira will continue to lose strength against the dollar And the only way we can reverse this trend there are two ways we can reverse the strength two ways number one we need to Reduce our import Cut down on our import number two increase our exports these are the Factors that are going to lead To the Naira gaining strength against the dollar for so long as we continue to import We are going to be looking for the dollar to buy And if I'm looking for the dollar to buy a simple loss of demand says The higher the demand for a product the higher the price is a reality of life The other way as I said is increase our exports if we increase our exports then dollar inflow into the country will be more We talk about diaspora remittances in the neighborhood of there are various figures out there anything from $20,000 that's of $20 billion to $30 billion dollars, but if we were exporting We can make multiples of that multiples Culture alone has capacity to bring a trillion dollars into Nigeria if we really tap our agriculture properly So I don't think We need to blame diaspora remittances. I don't think we need to blame this on anything We just need to deal with the fundamentals and the currency exchange rate we correct Okay, let me come to you Joe Do you also share in those thoughts or what are your own thoughts about the comment of the acting CBN governor? Well, I think that was just a stopgap excuse for trying to find a balance and to be sure of the ways to handle what's this and What is happening right now? And I think if we look at it such statements most people have really condemned it And those to condemn it but right now I think the central bank of know would be more comfortable now that NMPC limited has been able to secure a Three billion dollar loan from our freezing african bank because you see after that he said they were going to float the market with dollars and Speculators should be warned. So that's why I'm saying maybe that was just a stopgap kind of excuse While waiting for the For the loan to be secured. So Whatever we say right now, which I mean I quite agree with the fact that That was just no excuse at all. I mean, no one should make that excuse I mean this problem of dollar Naira has been in a system for ages and it is to continue to come up If it is not properly managed, you see my concern is even when we have this low now Dollars who are the people to manage it? Who are the people to use it? And whether we did the as for ascending to 50 billion tomorrow morning, who are the people to benefit from it? Is it a manufacturer? Is it the students? Is it those who we go on? Medical tourism who are the people we have to find out the root cause of where this money goes Apparently if you are buying dollar, you have to fill a form and this form should be collated. How much has the company ABC? Purchased or individual so it's not a big deal for us to trace who is buying this dollar if we are transparent with it So unless there's no transparency and if there's corruption going on somewhere in the banks or in any channel in any of these channels Let's find out there is a problem. So it is not about excuse. Who is that button? What the diversion is here in Nigeria the diversion has nothing to do with the diaspora guys, you know We in the diaspora, we know that we work hard. We want to assist our people at home We want to assist this country passionate about Nigeria, but when the money comes to Nigeria who diverts it So that is what the central bank should even be talking about that we have found a source where this money is going We have arrested some people. We are prosecuting some people. Yes, let that be transparency The same thing like I said these three billion dollar that has been secured who is going to manage it How is he going to be money if you flood the market now with these dollars? Is he going to have to reduce the tension in the market? Is he going to have to you know? I mean the rate the problems people are facing so because Naira is weak and we all know that right now So how is he's going to be managed?   We are prosecuting them. We are taking decisions people are fed up of excuses So no matter what the excuse you are given even the loan that has been taken out People want to know why did you get this loan? How long is he going to take you to pay this loan because this loan My sounds are look so good to have right now as an emergency Loan that we need it right now. Yes, we need this money But who and who we manage it and transparency about this management the government of President Bola mentioned who should look into this carefully so that I will be trust in the market There is fear right now in the market that is anxiety and these we continue to bring down the denier Because if you now think tomorrow Naira might go to X amount look at the petroleum issue that we are talking about It is based on the Naira and once you have this Naira dollar issue a lot of things will be affected And it will affect the psychology of our people if you affect the morale of our people people already dying people already crying And this is what the central bank should be looking into and not the avenue of blaming people who are doing something after all He has the the the the Opportunities he has the people to manage to monitor So what is the monitoring unit of the central bank doing what are the bankers doing the managing directors and the boards of the banks? They should come out clean because all fingers have been pointed to the bankers And so we have not had anything from the bankers either saying yes, it is happening or it's not happening So something is going on somewhere the silence from the bankers is costing a lot of confusion as well Because when you say you go to a bank and they call one a book it to come and exchange your dollar for you Has any bank spokesperson come out and deny that so if there's no deniers somewhere Then we should know where this problem is coming from if the outside at the bank They brought the show and some and some of these people they have regularly dollar is available Regularly the parallel market. Where is this dollar coming out from who is supplying the dollars? So if we know the source of how this thing comes into the market We either block it and start to you know appeal to the minds of these people because sometime It is not the legality that helps now It is the dialogue that we have and I think enough of excuses and let us find the fundamentals like the gentleman said But then I think most of the things happening right now in Nigeria has defied the common knowledge of economics And that is why we have to really look into the ways so that we don't mismanage this dollar this loan that we have taken right now and At the end of the day we still find ourselves in that situation where we are coming from the situation is very very Critical at the moment and we have to look into it carefully. It is not just about the central bank Governor, it's about all of us in this country. Okay Thank you very much. That was a marathon one I've we've been joined by Bola hon or larger day a public policy analyst as well and I say welcome you. Good morning Bola hon to the program Yeah, good morning. Nice to be on the program. Yeah, it's always a pleasure having you But let's let's just kick-start this with The fact that we're talking about the excuse that the first central bank governor the acting central bank governor has given that That version of diaspora remittances is the cause of the Naira crash And then there is this story on the headlines If you check the nation newspaper for instance, you'll see NNPCL three the three billion dollar Buffer to strengthen the Naira stabilize exchange rate and for us the laymen will be asking Is that the responsibility of NNPCL to do whatever they want to do to stabilize the economy or the Naira or something? Tell us how important this loan is by the way, and why it had to be NNPCL that took it okay The source of about 90% of Nigeria's foreign exchange earnings is oil We don't produce any other thing in a reasonable quantity to be able to earn foreign action. So oil is the thing So we can easily link that up with why NNPC is coming into that space What what I thought will have been one of the low-hanging Proofs for the administration especially in the cost of pursuing the collapse of the multiple exchange rate is to say look Since I know that 90% of my foreign exchange earnings comes from oil let me gas down on production and Ensure that we can continue to rev up how much oil we're producing in the short term so that we can earn more forex the problem with Nigeria's exchange rate is supply The supply is cool. The supply is mono source. It is cool Whatever happens to crude oil either because the price of crude oil in the international market crashes or Because as it has been in the last so many months now the production from Nigeria is what crashed the prices good We will suffer from foreign exchange issues And once we don't have enough supply of the foreign exchange There will be a pressure on the Naira and we will continue to see the Naira depreciating because we cannot defend it We are no capacity to defend it or maybe we should not even be defending it anyway What we really need to do is well Established what we need to do in the medium term and what we need to do is that we must end more foreign exchange So Nigeria must produce more goods and services that it can offer to the world So that the world will buy these goods and services and pay us in the foreign exchange We are not doing that And we have relied on crude whatever happens to crude will affect our fortune Either because we're not producing enough or because the price of crude crashes. That is the fundamental problem So NMPC being able to raise 30 billion If he's able to raise it is it is good, but we must not miss the mark that is going to be in the shop And there are certain reporters said that even the obligations outstanding obligation on the on our official effects window I said the date the multiple electric was collapsing to one was in the range of 10 billion to 12 billion US dollars So if you even look at that alone, and you have raised 3 billion It still doesn't cut it But if you put 3 billion in the market, it will have to stabilize the rates for a while Maybe that will give us the opportunity to do a few other things to improve the supply Of effects while that 3 billion last but 3 billion while it will it will work Temporarily would not be a final solution to our foreign exchange problem Okay, uh final solution is what we want. Let me come back to Nika Ghoule You also have listed some of the things that need to be done. Okay, at least you in a blanket way You just said that we needed to sell more. We needed to export more. We needed to produce more In this short term in this short term, what do you think that the country could have done? For our economy to be better for our Naira to be stronger Because we cannot build industries in one day and start selling the things that we need to sell that will give us foreign exchange and all that What do you think could have been done in the short term? I thank you very much. Nika Ghoule please. Yes Yes, uh, thank you very much I totally align my views with uh my copanelist who spoke last The thing here is that I don't want to say the central bank governor is ignorant because that will be a strong word to use for some occupying such a high office Because like what my copanelist said The foreign exchange crisis is arrived Isn't from a supply issue So it is the lack of the dollars in the market that is making the exchange rate to crash against the Naira But additionally like I did say before it is also arising from a demand issue So nigeria are demanding so much dollar to go and pay school fees to pay medical to import this or that and then nigerians Are not exporting to get dollars in so there's a supply issue. There's a demand issue The diaspora remittances are actually helping with the exchange rate Has the central bank governor thought about If there were zero remittances from the diaspora today It is going to exacerbate the situation It will it will remove from the supply that is already in the market today So I think he got he got his views totally mixed up Because the diaspora remittances are coming and now that this government says The parallel market and the So-called official market are at the same rate diasporas now have better incentive to put their dollars in the banking system Because he thought to if I was a diaspora and I put my money in the bank my dollars in the bank The bank will exchange it at 450 Whereas if I took you to a madame in the parallel market, the madame would have given me 750 So that was the attraction for diaspora to take their money their dollars to the parallel market But now the central bank has collapsed the rate Both the bank and the madame are giving you almost the same thing. So the diasporas are now more Willing to put their dollars through the banking system So the central bank governor should know that the diasporas are supplying dollars to the market It doesn't matter which market, but they are meeting the demand Of dollars by Nigerians. So how can that become a problem? You see so for me you you ask me the question. What are the the immediate steps that need to be taken? by the government To to bring stability to the exchange rate One of the immediate problems is not the three billion that has been secured as a loan by the nmpc You know in Nigeria, there's a piece of news and we all become euphoric about it That three billion means nothing in the quantum of demand of Nigerians needing Dollars three billion if you drop three billion in the market, it's just a drop in the ocean Do you know that in Ukraine alone? We we were told that we have 5000 Nigerians students If they have to pay their school fees, they will sweep three billion off the market But aside from that The nmpc collected our loan On the backdrop of The cruises that we they will make in the future You cannot just make cruises without spending money I can assure you that for them to produce the crude To sell and repair that loan they need more than the three billion they collected Because kudo here is produced with money spent in dollars You know, so I didn't know that this news for me.  There's nothing that is happening for this government to correct the exchange rate problem They need to understand that there are two causes of this problem cost number one We're demanding too much dollars cost number two There is so small dollars being supplied into the market. How would they deal with this is one What are the causative factors that are causing us to demand so much dollars? They have to deal with those causative factors And people are paying school fees people are Are going to America people are importing their clothes their cars their machines They then what is the causative factor for the for the less supply of dollars in the market? We're not producing enough when the economy of three thousand megawatts of electricity It cannot produce enough to export and get the money So They just have to get down to to business and do the work of correcting this otherwise not going to happen Hmm Joe do you have some thoughts to add to what? Nick has just said Well a lot has been said over time regarding The problems We it seems everybody even if you go to man 12 or or yinbu or jankara wherever Or should they will tell you the same problems we have in this country regarding Foreigners change issues. So is it the problems are known? But the solutions are what we don't really have You know because if we are all saying that okay, we have to export. Yes logically But what do we have to export? How do we export what we don't have? You know and we don't even have enough locally to feed ourselves If you look at it from that point and prices are rising every day We don't have a living wage in Nigeria The minimum wage is not even what we have not to talk of a living wage So we can spend What we don't have but it seems in the past we've spent a lot what we don't have And same thing might happen to this money as loan taken we will spend it And hoping that we have more we are spending before we even have we are taking loan to spend before we even Generate whatever we generate So the problem we continue to roll into the future and that is what is bad because you know the past Press the past governors of central bank. They've attempted so many ideas. They've attempted to do so many things But it is not the idea that is not there. It is the execution The execution has to be well monitored the execution has to be well, you know prepared for and be I mean be distributed Where are we distributing this money into and I think the banking industry We have to look into the banking industry. We have to look into this parallel Who is running the parallel market for goodness sake? They are Nigerians So if we have to look into this it is not just about the theory inflation is biting hard this petrol issue if you put this money to just bridge the gap of the Naira and dollar petrol to bring the petrol in it is like like Henick said it's a temporary thing And how long will this be because the issue is this the the regulation now in the market Allows you to buy your dollar wherever and bring the petrol in and sell at your price So will it be only the uh nmpc sessions that we have this access? What about the the private guys who are looking for money here and there to do their business? So the petrol price will still be an issue and that is what is of concern to a lot of Nigerians You see only a few people will bring in champagne and be you know drinking and the tax them and all that But the common things that the people will need these are missing right now And we don't have the enough in the aluk market to supply or to export to Ghana or to Cameroon Is an issue right now. So unless there is a you know a kind of african african kind of Economic from the bottom up where the african countries will begin to say let's begin to trade with ourselves Like they have this after thing let's begin to trade with ourselves without currency Just like willem ruto is trying to do or to promote So if we are trading with ourselves Remitting dollar and you know sending dollar here and there within african country It will not all go well. And that is why european, you know, they're having They're not they're having a field day enjoying this euro currency within themselves if we have that the blockchain of african money african currency it will reduce some of this tension we are having but as long as all africans are depending on dollar We are going to continue to have this issue Because we don't control the dollar and those who are controlling the dollar They have fund seeing that you depend on their money. So this is an issue beyond Nigeria Beyond whatever amount of money we are putting in we can continue to say we want to fraud the market with what does not belong to us Dollar is not our own currency. So if we fraud it today from whatever you have taken as a loan Whatever if you have run short of it in another one or two months Where are you going to take a loan again? You take another loan and then we will have debts that we may not even be able to settle in the long run So I think and I believe it is for all of us to begin to think Well on how to do this. It is not just the central bank alone. I said, but they are just mandated to come up with policies and The government has to reason along with so many other ideas The production of goods to a spot from Nigeria We cannot meet it. Just like Nick said and Bola said we can't because We are not having enough to even to produce We don't have enough electricity to produce and don't don't forget electricity.  So where do we have the benefit? Where is the profit coming in? So it's a lot of problem and that's what I'm saying. Look, it is not something about the next few months or that everybody who does a hurry We're going to start to relax in and start rejoicing. No, we still have a lot to do and it's going to take us some years It's not just about a week or two or three The system has collapsed for a long time and that we have to understand and these petrol prices We continue to rise. There's no doubt about that Even if we bring it down now for a while in another few months it will rise again So let's address the issue. Let's tell the people Let's tell the public the truth about what's going on and let's not hide the truth Unless we begin to tell the truth as it is we will continue to run into the problems And we should not double into echo us issue. Uh, the way we are doubling into it. Let's reform ourselves Let's begin to have policies. What is our foreign policy? Now do we have a foreign policy that we guide us into what all of these things we are doubling into in africa in echo us We have to reform all these things apart from the currency as well What is going to happen to all the roads that have not been completed? About the legacy by the expressway who is going to pay for all these roads? We have not been talking about infrastructures. We're just talking about just one aspect And this aspect is very crucial because even the the raw materials to bring in We begin to see that cement the prices of cements are going up The prices of everything is actually going up So we have a problem on our hands and you know, it is not the federal government alone The state governments have to come into this it is not just about taxing the people because Sooner or later you begin to see taxes will continue to rise various Ideas of taxes will come in either from the local government from the state government or from the federal government So a lot of reforms are going on right now We do not know what would be the outcome of it and that is the the heights of the whole thing people are You know, they have this apprehension and unless we begin to doubt it gradually The theory the time for theory is gone. The time for theory is gone Let's talk about the practical things that will make the people happy It is not enough for us to just continue to talk about oh, we have this we need this Yes, demand and supply simple economics one on one But then it's beyond that right now The reality is we don't have the money and we need to get the money Where do we get the money from and how do we manage the money what we have? We are not managing it well. Okay. Look at our money time The maritime industry are we managing it? We are getting money from the maritime industry The master is making money in dollars Other areas of people are making money in dollars the pot authority. They are making money in dollars. So it's not just Okay, we just learned this morning that um, or maybe a few hours ago that Even the oil rig that collabs on the high sea has been operating since 2016 illegally on our waterways and that's what the master said I'm just saying because you said we're not even exploiting The potential in our waterways Okay. Well, let me come to uh, bola hon. This question may not be about a solution Let me just so that I don't forget. Let me ask you this bola hon I know we're talking about Diaspora remittances. I know of a bank particularly. I don't know of other ones, but a particular bank that this friend receives money from a relation Overseas And as soon as the dollars come in if it is a thousand dollars The bank takes the liberty of changing it into naira immediately without even consulting the person who the naira is Or the dollars are sent to maybe because they're trying to guard against him taking it to aboki Instead of changing it in the bank. Is this even legal? um, I believe the recipient She'll have the liberty as to whether I want to receive the money in dollars or in naira As a matter of fact the frag moment at some point incentivized that incentivized Yeah, people to be able to receive or to want to receive Their money in naira. I have received 491 sent to me in naira under that incentive and I receive I receive some amount um on top of it by virtue of the incentive But when you do it cutting out, um, the consumer's Opinion or or I want to take his uh, his money That might not exactly be illegal except Oh, this is such a bad time to you see be it. Okay. Any rule, uh, like that in place Okay, well, it's it's uh, well like you said the person should have the opinion to say, okay What if by the way all these uh, uh, um That ask for our money. You see the market is a very interesting play It has a way of allocating resources by itself If diaspora money is going into the owner of the share market It must be because there are market forces that are driving it into that place If it is now a lot of money in that space then supplies will improve and the rates will actually come down That is what you have but that is not what we are seeing So the the the problem is not as simple as it has been presented But the the the problem itself has been defined for a long time We know the solutions when we are ready and we have the political will we can go in and begin to attack Okay, I'm interested in in those solutions. Uh, Bola hona, I'll ruin with you But first of all, first before you give us the solution just give them together if it's possible I'm trying to see everybody's Jack buying that's the new word in town that everybody's talking about people are running away now That means there was a clip I was watching one expatriate was asking in nigerian He was the mc or something. What is the meaning of japa? And he said japa is when we Intentionally export the talents that we have in nigeria. It was a very interesting definition. He gave but that struck me That means we have we may not have companies that produce a lot of things that we we export But we have services that we are exporting Professionals are living and they're doing good wherever they are going to in fact We've had cases of foreign trained doctors coming to nigeria and not passing the exams that will make them doctors That are qualified enough to practice in nigeria, but our doctors we've not heard Any any saying that they have been sent back because they couldn't perform well Which means we have services to render Members of us who can go out they render these services and all that Is there a possibility of monetizing these services for the good of nigeria not on personal levels now Can nigeria sell these services of people that we know that have these potential of You know doing well wherever they go to and get the money for us as a country and not just Remit to relations within the country Absolutely, yes A lot of exportation of of our people our talent outside now It's largely on structure The reality is that we can build structures around it. A very good example is in the medical space In the medical space today our people are living in drugs And the hospitals and and and the healthcare sector in nigeria is suffering a mass from that exit from that exit but the question is It is very cheap to produce doctors and healthcare workers in nigeria unlike some other So after we produce very cheap Our doctors These doctors leave because we are not able to keep them by virtue of the work environment and the and the Admirations that we provided them. So it's a loss to the country So to fix that problem the country must look at it in totality. There was a time that there was a bill in the house to delete them for five years those are lazy thinking kind of solution they don't work anywhere We must think deeper and say if we're able actually to produce this caliber of Services cheaper we can train this people cheaper Can we build a structure around it to be able to export? produce a mass Export and there will be benefits to the nation from what is going on as it is today Is there is a half Azar space? We have the same scenario with our IT professionals. They're all living in roads. They're going out there Meanwhile as a matter of fact, there are foreign countries coming into nigeria to come and recruit our IT professional Can't we build a structure around it and show that there is an incentive for these people to be here The one we want to be here and the one we want to export we can export it and demand emitters It will improve people. Admitters these people earn a lot of money and they earn it to foreign action And it can come back to rock on part of the solution to our dollar problem One of it is in terms of crew and where I'm always saying crew is that in the short term All the other measures are difficult to implement in the short term But for crew it is what has happened to our crew production in 2005 november This same country produced an average of approximately 2.5 million barrels of oil per day 2005 november Fast forward to september 2022 our production was 931 000 that is about a third About one third of what we were producing in 2005 For a country that the source of our foreign action is 90 percent oil A quick Get away get out of jail card is to step down on that production Now that the price is good. Let me tell you something that really really messed up now If something happened on the global space and the price of oil crashes today We're going to be in such a mess that I don't know how we're going to be find out where Which is why we should maximize the opportunity while it is there. The price is good right now Can we gas down on production and make more money from oil? The other part is on the refined product itself The refined product Is a consumer of our media foreign exchange and that takes us back to this rub refinery If we gas down on those refinery contracts bring them to bring them to production as fast as possible Including even the private refinery. We will begin to save a lot of money from important refined product It is an absurdity that the raw materials are here refineries are here But we are using the hard end foreign exchange to import refined product into this country That will help a great deal. Of course, we can look into things we can do for food security We are so blessed a country. I like the the last speech from the president. It is fantastic And I hope it can implement that will solve a whole lot of problems in the on the inside When people are able to feed The border less about so many other we have the land. We have the water We can feed not just Nigeria. We can feed Africa if we set our mind to feeding That is the reality Okay, let me let me come back to nick for a summary Because we're just rounding off this this segment and this show as well. So Individually as fast as possible. Let me begin with you nick. Let me just get a summary from you We've all been we've been promised that by December there is a possibility that they They didn't even use the word possibility The president said that the refineries will begin to work at least that is what Promise that he gave to a label when they were about to go on strike They said that the refineries will be working in December That alongside the fact that he's because he wants to cut costs. He's now living in a two bedroom flat. Okay. Well Maybe that's just for fun that he said that but the refineries are what we are really concerned about He said they're going to be working in december We remember also that the dangote refinery was launched by the previous administration and it was supposed to start production by June Now they have been given dangote has been given the license to even import a fuel into the country and We're just looking what is going on here and some people are even saying that that refinery might work in 2024 or 2026 even Nobody knows whenever it starts to work. We'll see it But now You know, we're just there hanging. Let me just take you a summary Like I said, I was just talking and talking and talking Let's get your summary as we wrap up this show from you. I'll go to Joe and then to bolaho Nick please Thank you very much. I think the problem of The dangote refinery is that they have achieved probably a Guinness book of records Entry that they are the world's largest single trend refinery, but that is costing them a lot of problems Because as a single trend refinery any component of that refinery that is not working the entire refinery is going to be down If they had asked me I would have said this you build a three-train refinery of 200 000 barrels Each so that if one train is done it will be producing why they are fixing the other trains But uh, it's worked under the bridge. I wish them luck in terms of getting it done Then on the nigeria's owned four refineries I think the news that they were working December. I don't want to call it fake news But this news is not backed up with data. We know that the refineries are down. So if they have to work in December What's the contrast that have been awarded to refurbish them? We didn't hear anything about that So for me the solution to this four refineries Government owned refineries in Nigeria is that president tunibu Should either set them out Or he should lease them out So that private investors will come in and take these refineries and work Let me give you one piece of news that you may not be aware The best road in Nigeria today Is the kefi to makudi road It's a dual carriage road totally finished Very very well done Painted and all of that and who made that road Is the chinese they gave a loan to nigeria, but they didn't put that money in the ministry of works They brought the money and did the robot themselves I can bet you That if that money was put into the ministry of works We'll still be hearing that that would be completed in 2025 2026 2027 We are in it in it in it's in a state of Private sector-led economies now and any government that is still talking about doing refineries doing roads doing water Doing electricity is way behind the times and president tunibu has to understand that we need a private sector-led economy That's my last word for him. Okay It's unfortunately We cannot take the comments from other two guests because the time is up already the news is coming up In the short while, but i'd like to thank you all for being a part of the show nika ghoule Thank you so much for being here Bola hon or logi a day public policy analyst. Thank you so much and Joe femi dagunru also a public affairs analyst. Thank you gentlemen for being a part of the show this morning Thanks for having us. Yeah Okay, so much Yes, we were talking about the comment of the central bank of nigeria acting governor and Here is where we are going to wrap up the show this morning But let's leave you with a quote of the day If you don't build your dreams someone else will hire you to help them build theirs That is according to the rubai Ambani So build your dreams today. Whatever they are no matter how big they are And you just might get there. My name is nyam ghoul