Boss13:


I did not type Oil. I typed Oil dependency - please read again. We solely depended on Oil, whether the revenues derived from it were stolen or not, we would have still been affected by this. OPEC is holding a meeting on thursday to determine production cut in order to stem declining oil prices. They intend to fight the US Shale Oil.

hayokunleoni:
5 pages on a very misleading topic and wrong interpretation. Naija youth, I hail thee.
What the CBN announced is not a devaluation of the LCY. The official Naira is not allowed to swing in line with the forces of demand and Supply. This is because, the CBN has pegged the official rate at N155 per USD since 2012 with + -3% band. If u want to know the actual value of the Naira, check the BDC and Parallel market value. The CBN simply moved up the peg rate for official rate so that they can effectively defend the Naira from attack in view of the sliding oil price and high demand of FCY from local users. Please be guided

anonimi:


I really pity this your Akigbemaru (He who screams to slim down) job oh

Perhaps you are not aware of the Russian Central Bank's response for even an economy that has some industrial base unlike ours.



Thankfully the economic foresight of the dynamic duo of Jonathan/Sambo team that has led to growth in our agricultural and automobile sectors etc will make the impact less than it would otherwise have been when the clueless federal governments that we had previously did NOTHING concrete to sustain, talk less of expand, our industrial base.

BTW, may I advise you to find a better way of earning your livelihood!

RockMaxi:



You don't need rocket science to know that the party mentioned has no plan for this country beyond enriching their cronies and personal pocket. PDP have been in government for 15years now, oil prices have always been on the increase until now.

There is no political party that can save our economy from this crisis. APC is not even going to do it because indirectly they all contributed to this bogus and unrealistic recurrent expenditures that have been crippling this economy.

We only pay lip service to economy diversification and poor enough we have almost nothing to attract appreciable volume of dollars that can keep us afloat.
We need the divine intervention of God.

And here is why we can not make progress.


A Political Party does not rule a Nation.. PEOPLE rule a Nation.

APC = PDP. Almost 75% of APC members are ex-PDP politicians.

Focus on dealing with issues devoid of Politics, if not we would continue to run around like headless chickens.

Obiagelli:

You just confirmed what i said about, what happened to your pdp using its majority in the house over the last 15yrs for a change.

Where is your jamboree confab today? Abeg i wan go sleep

RockMaxi:



You don't need rocket science to know that the party mentioned has no plan for this country beyond enriching their cronies and personal pocket. PDP have been in government for 15years now, oil prices have always been on the increase until now.

There is no political party that can save our economy from this crisis. APC is not even going to do it because indirectly they all contributed to this bogus and unrealistic recurrent expenditures that have been crippling this economy.

We only pay lip service to economy diversification and poor enough we have almost nothing to attract appreciable volume of dollars that can keep us afloat.
We need the divine intervention of God.

RockMaxi:



You don't need rocket science to know that the party mentioned has no plan for this country beyond enriching their cronies and personal pocket. PDP have been in government for 15years now, oil prices have always been on the increase until now.

There is no political party that can save our economy from this crisis. APC is not even going to do it because indirectly they all contributed to this bogus and unrealistic recurrent expenditures that have been crippling this economy.

We only pay lip service to economy diversification and poor enough we have almost nothing to attract appreciable volume of dollars that can keep us afloat.
We need the divine intervention of God.

Keneking:
Jonathan has finished us ...he must just go next year

chemali:


The naira never appreciates in time of high oil prices but very quick to depreciate when the oil price falls. Apart from the mono economy which is a problem, the increased earnings is being looted and not reinvested in our future. This for me is sufficient reason to kick pdp out from the centre. When oil prices recover or exceeds previous highs, it is certain that 168 will become the new normal in readiness for the next price crash.

RockMaxi:



You don't need rocket science to know that the party mentioned has no plan for this country beyond enriching their cronies and personal pocket. PDP have been in government for 15years now, oil prices have always been on the increase until now.

There is no political party that can save our economy from this crisis. APC is not even going to do it because indirectly they all contributed to this bogus and unrealistic recurrent expenditures that have been crippling this economy.

We only pay lip service to economy diversification and poor enough we have almost nothing to attract appreciable volume of dollars that can keep us afloat.
We need the divine intervention of God.

Walexz02:

Please what do you mean by divine intervention of God

He means "A Miracle"!

Its the kind of thing you "hope" for... in a very "hopeless" situation, like that which we find ourslves in, at the hands of our wicked leaders!

chemali:


Do you think the pains we are going to experience is separate from the Jonathan/PDP supervised looting that has ravaged Nigeria?

evegran:
Who will save Nigeria??!

slimmy05:
what's the relation of how it happened on US affects how it happens in Nigeria. You guys are just clueless.

And to think those touts called house of reps members who displayed their childish and irresponsible attitude shows they are only their for themselves.

We are all concerned about voting GEJ out, but you fail to tell yourselves the truth that he would still be there till 2019. No matter how pathetic you make your case for Buhari, he can't even win in Kastina. It's three months to the polls.

Why not look for better opinions as regards the current economic issues rather than trade unnecessary words about GEJ.

Unibenstudent:
I will

Kx:
From being the biggest economy in Africa by GDP figures to devaluing the nation's economy in a space of a couple of months

The exchange rate and interest rate just got transformed. under the transformation agenda!
So much for Fresh air!

evegran:


Erm....

Okay- that was a serious question, I wasn't kidding!

Billyonaire:


Why dont you just keep quiet if you know nothing about Quantitative Easing as a way of boosting Economy. Why not just keep quiet so we can think clearly. Quantitave Easing is not the same thing as Inflation, and we can see what devaluation has done by way of transformation of the Chinese Economy. Some of you have not earned up to 1 million in your life but you want to criticize what learned Economists with over 20years of experience are doing.