I seriously think our political leaders and economic managers need to take some lessons from Argentina's Mauricio Macri and his team....... Argentina's economy just got a 7-day makeover http://cnnmon.ie/1MllxHP

Do u tink it hapened ova nyt... wen Greece finally pulls out nw d whole world wil stat singin dia praise..

kllinxman:
Do u tink it hapened ova nyt... wen Greece finally pulls out nw d whole world wil stat singin dia praise..

Just take time to read the link from CNN. Mauricio Macri took office on December 10, 2015 and instead of playing the blame game as we see over here, he is fixing the economy with his team.

Imagine, within just 7 days. And the Idiot over here is taking 7 months and still came up with policies like stopping all naira ATM cards from carrying out dollar-denominated transactions and increasing electricity terrific by up to 60%.

And a bunch of renegades are chanting change. Earlier today, a senile fool was still casting blames to the past administration.

-Lord

Lord
Before you open your mouth to spew rubbish about this APC government, think of these
(1) The reforms in Argentina are pro western. Obviously, as you are aware, the new president had to obtain a $5 billion dollars loan... something the government is considering
(2) As stated in the article, the peso was allowed to operate in a free market manner.. something the Naira is doing .
(3) From the CNN article, Argentina has Two major exports - soy and oil. For the last 16 years, 80% of our income has been oil. Read in between the lines. Their economy is already diversified. Our economy is about to be too.
(4) Apart from the $10 billion loan, our budget is going to be financed by taxes. It is on record that over 425000 companies evaded tax payment. Imagine if these companies pay $10000 each as tax.
(5) The government is focusing on Agriculture... voting over N500 billion for the meal programme. This will stimulate Agriculture to the highest heaven.
I await your response

Freshboi:
Lord
Before you open your mouth to spew rubbish about this APC government, think of these
(1) The reforms in Argentina are pro western. Obviously, as you are aware, the new president had to obtain a $5 billion dollars loan... something the government is considering
(2) As stated in the article, the peso was allowed to operate in a free market manner.. something the Naira is doing .
(3) From the CNN article, Argentina has Two major exports - soy and oil. For the last 16 years, 80% of our income has been oil. Read in between the lines. Their economy is already diversified. Our economy is about to be too.
(4) Apart from the $10 billion loan, our budget is going to be financed by taxes. It is on record that over 425000 companies evaded tax payment. Imagine if these companies pay $10000 each as tax.
(5) The government is focusing on Agriculture... voting over N500 billion for the meal programme. This will stimulate Agriculture to the highest heaven.
I await your response

our Naira is not operating fully in the open market,one of the reason for the free fall of the Naira is because the CBN hold dollar at official rate,the official rates should be cancelled it's same thing with fuel subsidy, it's only a few that benefits from the difference, we don't need NNPC it should be scrapped let the oil internationals pay their royalties in Naira,any contractor foreign or local should be paid in Naira,most of the parallel market operators will close shop,stability is what the currency need,the naira was already trading at 250 before the elections,so anyone not seeing that it's heading to 300 by this time is not being honest.

The Questions Are;
How Did We Get Here?
How Were Our Politicians Able To Loot Us This Dry?

Why Was Our Microeconomic Policies Very Weak?




Why Are BDC Hoarding The Dollars?


Could Looters Take Advantage Of A Loose System Having Known The Govt Is After Them?



Do We Have To Go Through This Pain Once & For all?



Does 2016 Budget Take Cognisance Of Some Pressing Challenges?


Would The Proposed BDC Capitalisation Arrests The Telling Situation?


It Is Instructive To Note That Comparing Nigeria To Any Country Without Security Challenges As Massive As Terrorism Is Rather Unfair.
















No Lie only Truth!

Freshboi:
Lord
Before you open your mouth to spew rubbish about this APC government, think of these
(1) The reforms in Argentina are pro western. Obviously, as you are aware, the new president had to obtain a $5 billion dollars loan... something the government is considering
(2) As stated in the article, the peso was allowed to operate in a free market manner.. something the Naira is doing .
(3) From the CNN article, Argentina has Two major exports - soy and oil. For the last 16 years, 80% of our income has been oil. Read in between the lines. Their economy is already diversified. Our economy is about to be too.
(4) Apart from the $10 billion loan, our budget is going to be financed by taxes. It is on record that over 425000 companies evaded tax payment. Imagine if these companies pay $10000 each as tax.
(5) The government is focusing on Agriculture... voting over N500 billion for the meal programme. This will stimulate Agriculture to the highest heaven.
I await your response

Enough of excuses. Let's get the economy working.