ttmacoy:
God bless.

I have always said Nigerians seem to have a bigger image of themselves on the international scene than is reality and are ready to believe every silly conspiracy theories rather than logical common sense.

You spend more on churches and pastors than science and education and you wonder why you are still so backward depending on others for everything.

vedaxcool:
Are they implying mr. Palm oil face aka clueless has something to do about this zero oil import? any way GEJ till dec 31 2014 after that I can not guarantee anything.

vedaxcool:
Are they implying mr. Palm oil face aka clueless has something to do about this zero oil import? any way GEJ till dec 31 2014 after that I can not guarantee anything.

vedaxcool:
Are they implying mr. Palm oil face aka clueless has something to do about this zero oil import? any way GEJ till dec 31 2014 after that I can not guarantee anything.

vedaxcool:
Are they implying mr. Palm oil face aka clueless has something to do about this zero oil import? any way GEJ till dec 31 2014 after that I can not guarantee anything.

deletrue:
Triple amen. Na so America dey do. Very julious class of people. If American sees dey move forward and patronise others, bad bele don start.

markpenk:
The reasons are pretty obvious for anyone who has been listening to the news and actively following global events:

1. America refused to sell high grade military weapons to Nigeria because somehow the weapons inevitably ended up in the arms of the terrorists. And as far as the US is concerned, it makes sense to distance themselves from Nigeria seeing as it would only be a matter of time before the world identified the weapons used in killing innocent Nigerians as being from the US.

2. The statement that the US ramped up its crude oil production is basically politic-speak. They had to distance themselves from the country because "we're simply bad business". This explains why they upped their crude oil order with other OPEC nations.

Anyone with eyes can see that this is clearly the case.

What can the country do to recover from the current naira slump and possible economic collapse?

1. Actively seek out other buyer nations and offer them a better deal.
2. Apply palliative measures such as shoring up the value of the naira while looking for a permanent solution (see my points 1 and 4)
3. Divest and actively invest in other high revenue sectors.
4. Build/repair our own refineries and start exporting refined crude oil. This will be the best step we could ever take, and can be executed within six to twelve months if the government throws everything they've got at it.

That's pretty much it. Nigeria's issues aren't that difficult to fix. In fact, this might be the best thing to happen to us since '73. Now, we can actually get to work and grow our economy.

koife:
I don't think it has anything to do with the gay ISH...me think that this total buy seizure stems from the fact that nja govt withdrew military person els who were undergoing special training course on counter terrorism as a reprisal attack on US refusal to sale military hardware to nja....and going ahead to buy weapons from rushia and black market/train special forces on counter terrorism. This directly oppose us foreign policy on sales of weapon in black market and worst coming when us-russia urelationship is going soar over Crimea triggering a thunderous sanction. Nigeria just happen to suffer coz of d nja-russia military ties.

queenbesha:


If you are too lazy to read or your BRAIN IS TOO TINY to carry it...back off! Others are enjoying their reading

my brain is too tiny to carry it. LOL. but you can't even spell 'Queen Sheba' correctly @yur username. if that is how people with big brains arr then I'm satisfied with my tiny brain

islandbreeze:
American Navy siphoning Ogoni people crude oil from sea underground since 1998.

Lucky77:
This is the handwork of Buhari and APC !!! but this Buhari man strong o o; he sponsored bokoharam, sponsored corruption, 'killed' EFCC, weakened our beloved Naira, etc, etc, and now has instructed USA not to buy our oil - all to make Nigeria ungovernable for Jonathan.

markpenk:
The reasons are pretty obvious for anyone who has been listening to the news and actively following global events:

1. America refused to sell high grade military weapons to Nigeria because somehow the weapons inevitably ended up in the arms of the terrorists. And as far as the US is concerned, it makes sense to distance themselves from Nigeria seeing as it would only be a matter of time before the world identified the weapons used in killing innocent Nigerians as being from the US.

2. The statement that the US ramped up its crude oil production is basically politic-speak. They had to distance themselves from the country because "we're simply bad business". This explains why they upped their crude oil order with other OPEC nations.

Anyone with eyes can see that this is clearly the case.

What can the country do to recover from the current naira slump and possible economic collapse?

1. Actively seek out other buyer nations and offer them a better deal.
2. Apply palliative measures such as shoring up the value of the naira while looking for a permanent solution (see my points 1 and 4)
3. Divest and actively invest in other high revenue sectors.
4. Build/repair our own refineries and start exporting refined crude oil. This will be the best step we could ever take, and can be executed within six to twelve months if the government throws everything they've got at it.

That's pretty much it. Nigeria's issues aren't that difficult to fix. In fact, this might be the best thing to happen to us since '73. Now, we can actually get to work and grow our economy.

DaBullIT:


Manipulative foooolz huh ? Your Mùmú na latest version

vinkolo:
United states of Animals, hmmmmmm, you guys delisted Nigeria from your Visa lottery we pretended we never cared, you refused training our army because they refused to return all the weapons they are using to wedge boko haram which van never be possible, you refused to give us your Ebola drugs yet God saw us true, America una wicked no be small, America's Ernest prayer is to see Nigeria separated. now una no wan buy our oil again? ok we go pursue una companies commot from our country, chevron etc.

KingsleyTMTTM:
this man deserves a grammy, good to know mature guys like him are still on nairaland.

samento:
We are the cause of our problems. Hear your submission. We should give china higher attention instead of making agricultural products our priority.

989900:


If only the 'ogas'(fools) @ the top can reason.

WhiteTechnology:
I wonder how Buhari will achieve economic diversification when He and APC has rejected systems that makes our States LGAs and Private Sector the vanguard of national development.



Buhari will never eradicate corruption and poverty because he will never implement the following


Resource control

Fiscal federalism

Privatization

Political federalism

Decentralization of Nigeria

Restructuring of Nigeria

Institutions submitting their quarterly activities to public scrutiny


Which are the fastest route to economic diversification , citizenry prosperity and political stability



Buhari is not the Messiah


SW stop hanging to false hope

Lerumo:


Can you please tell us, who the messiah is.

tellmoon:
If U ask me, I believe this is not unconnected with our refusal to sign the gay law... my thought anyway.

Ahmeduana:

NOT ONLY THAT, PLUS MAKING SURE THAT THEY ACTUALLISED THEIR PROPHESY OF DISTINGERATION OF THE ENTITY CALLED NIGERIA, AND WHAT A BETTER WAY TO DO IT THAN CAUSING US ECONOMY SET BACK OR COLLAPSE, WHILE THEY ARE ALSO SECRETLY FINANCING BOKO HARAM. But as they say in my language "Olohun ju won lo"

Nmeri17:


my brain is too tiny to carry it. LOL. but you can't even spell 'Queen Sheba' correctly @yur username. if that is how people with big brains arr then I'm satisfied with my tiny brain