grandstar:


It can immediately be countered by slashing company taxes to 15%. Also, if government starts to dollarise the oil income paid to the three tiers of government every month, this will reduce interest rates to single digits and there can be a looser monetary policy.

This has the twin effect of encouraging investment and also slashing the cost of servicing the debts owed by the states greatly.

With much cheaper cost of credit, companies can borrow and invest creating lots of jobs.

For instance, if interest rates were low, it will be affordable for people to take out mortgages which will aid a construction boom.

The country needs to grow by 7% to create enough jobs to absorb those entering the labor market yearly. With the above policies, growth will accelerate to 8-10% which will mean that the economy will create more than enough jobs to not only cater to those entering the labor force yearly, but will include the already existing pool of the unemployed and underemployed. Continue with such growth for a few years and the labor market will become tight

Ikengawo:
90% of the people that read this article don't know that even to start a small business a man needs to go into debt.

Ikengawo:
90% of the people that read this article don't know that even to start a small business a man needs to go into debt.

patrick89:
what is this one saying?

omonnakoda:
my damnation to your wretched mother she will waste to death before your eyes

Proffdada:
debtor

patrick89:
ugly creatures rant like this! Your dead mother needs you to #bringbackyourbrain you are damn ugly!

omonnakoda:
She will cough and cough and cough.

patrick89:
ooh no! You scare me now!! You must be yaba left candidate

989900:


Naira was one of the world's worst performing currencies of 2014?!!.

It is not topping that chart presently because, it has already fallen. Plus, your charts would not tell you that, you would not get the dollar at N197, rather at N210(interbank) or N220 (parallel).

Foreign reserves are half of the story, UAE, Norway, Canada, Oman and some others have probably less than $80b. However, most gulf countries have their currencies pegged to the dollar for over 20 years or more now.

Nigeria is probably doing better than Venezuela only . . .lol.
Even Russia and Iran under enormous sanctions have made gains . . . the Rouble has made 20% gain with the 'rising oil prices', akin to saying the Naira now exchanges for N150/$1.


You do not need any google/froogle or anything/body to tell you that your N155,000=$1,000, is better than your N210,000=$1,000 (inter bank rate).

Nor, do you need a soothsayer to decipher importing refined products as an oil producing state is madness!

For the rest, kindly read my comments 2 more times, and get honest . . .

omonnakoda:
She will not stop coughing

patrick89:
oops! Not this time.... Here is what you want.

bushdoc9919:
...And we do not have the diversified economy to fall back on for extra funds.

That is why Nigeria needs to get off oil.

Ikengawo:
90% of the people that read this article don't know that even to start a small business a man needs to go into debt.

WaffenSS:


True. But what if instead one borrows not to start a business but to purchase a new phone, eat shrimps, and spend the rest on booze?

That's what the government did: borrowed to finance consumption.

patrick89:
oops! Not this time.... Here is what you want.

chibas:
If only this money was fully utilised nigeria would have been a better place.

JustCalMeDBoss:
What is lagos and ogun owing. Well following tinubu economic solution 5tr is too small. I guess buhari would quadruple that amount once he gets into office let's face it. Tinubu economic plan as stated in his article is for govt not to peg its expenditure on it income. And if these are buhari's economic advisers, nigerians should expect that figure to quadruple.

Ikengawo:
90% of the people that read this article don't know that even to start a small business a man needs to go into debt.

WaffenSS:


True. But what if instead one borrows not to start a business but to purchase a new phone, eat shrimps, and spend the rest on booze?

That's what the government did: borrowed to finance consumption.

Ikengawo:


GEJ have built multiple new airports, port projects are in the works, federal roads repaired, trains back, etc etc. It's no longer fair to keep saying he was 'consuming' or not doing anything. The campaign season is over and it's time for sober reflection. Unless you believe that Nigeria hasn't added multiple new infrastructural works in the past few years.

JingoOAU:
Thanks to my ancestors that Jonathan never got re-elected, our great grand children's future would have been affected

It still baffle me up till now for some elements who are sympathiser of GEJ to believe the man is a saint, role model and corruption free...I am very sure they knw within themselves that GEJ reeks corruption, but they dare not say it out...isn't that cowardice?

Their belated line of answer has always been that corruption or stealing never start with GEJ administration and if we have to talk of stealing, we should also talk of OBJ....very awful and incongruous statement

Even if your children's children future are being mortgaged, what matters to you lots is asslicking

In future, your children will all curse you for remaining silent and letting their future to go bleak

Ikengawo:


GEJ have built multiple new airports, port projects are in the works, federal roads repaired, trains back, etc etc. It's no longer fair to keep saying he was 'consuming' or not doing anything. The campaign season is over and it's time for sober reflection. Unless you believe that Nigeria hasn't added multiple new infrastructural works in the past few years.

Ishilove:
They sucked us dry in this country. Vampires.

989900:


Like I said earlier, read my post twice again, and tell me how your 'undated graph', means anything but a big joke of a response.

The rouble is one of the world's best performing currencies as we speak, making a 20% comeback against the dollar, and 35% against the Euro despite sanctions.

http://money.cnn.com/2015/04/10/investing/russia-ruble-2015-surge/

And seriously, for you, achievement is having the Naira doing better than war torn Ukrainian Hyrvnia?

P.S. Reading is one thing, comprehension is another.

patrick89:
see analysis.. Did you know when minimum wage was increased? Did you know when bokoharam insurgency appeared? Did you know how much ASUU, Labour unions that demanded increment in their wages!

patrick89:
amechi led group sued Fg and okonjo, forcing them to share it and they did!!