Sirfergie1:
Hmmm! IPOB spoted.

omogin:

Whats wrong with IPOB? I'm not a member but I may consider joining rather than remaining in a zoo.

omogin:
The APC government are trying so hard to cover up so many ills in our economy with well painted lies. Nigerians would have to brace up for a tough 2016. The CBN has never been as busy churning out countless and confused policies as they have done in the past few weeks. Sources within government say the country is broke and in economic crisis. Many federal workers are yet to be paid salaries since last year, but the media has been muted. The SSANU of federal universities are battling to save their jobs as the government wants to systematically fire them to save cost. Buhari and APC have carried on as though we are experiencing a boom. May God save Nigeria.

Abagworo:


Contrary to your assertion the whole world knows Nigeria is broke. However what is needed is idea on how to manage our economy and move away from dependence on oil.

TheDevilIsALai:
NSE composite value wiped off $10bn (50%)in 6 mths and still falling.

Have you asked who is dumping shares and in return who is mopping them up?

Most of the shares being dumped come from foriegn investors who see the economy as a train heading for dissaster and most of those buying them are northerners. As the foriegn investors dump their shares it creates a ripple effect leading to most southerners dumping theirs which makes the shares cheaper for adamus to buy into.

As for the naira, the strict rules in place are just hogwash since the black marketers who are mainly northerners still have back door access to dollars from the CBN.

This move is meant to cripple southern business and in turn make the northerners control the forex market.


When I say sense is not part of the south una go begin curse una father

Let us give a round of applause to all the omowalabis who voted chain and bondage.

Abagworo:


Contrary to your assertion the whole world knows Nigeria is broke. However what is needed is idea on how to manage our economy and move away from dependence on oil.

omogin:

The best team buhari could assemble after several years of contesting for the office, would budget more money for information ministry than that of agriculture at this point.

Ioannes:
YEYE. So for your mind within six months APC broke the economy abi? The economy that your god GEJ fixed right?

you need to sue for a refund from the schools you attended, starting from primary level.

TheDevilIsALai:


How do you want them to maintain the scam arrangement?

They got in by lies and hope to remain in power by lies.

omogin:

A country is never built that way. No wonder the IPOB want out.

Ioannes:
YEYE. So for your mind within six months APC broke the economy abi? The economy that your god GEJ fixed right?

you need to sue for a refund from the schools you attended, starting from primary level.

TheDevilIsALai:


Nigeria isn't broke.

Nigeria just cannot service imports.

This is a very big difference.

Salaries are not paid in dollars but naira which the govt has a lot of revenue avenues within the country to generate.

TheDevilIsALai:


[img]http://www.tradingeconomics.com/charts/og.png?url=/nigeria/stock-market[/img]

Graphs don't lie.

Abagworo:


"Dollar broke" is the right phrase. We are import dependent hence scarcity of Dollar affects us.

TheDevilIsALai:


Does the FG need dollars to pay civil servants?

The economy is in dire need of a stimulus and the only way they can halt serious deflation (which is worse than hyper inflation) is to pour money into the system.

The economy is already showing serious signs of deflation because if you observe the parallel rate at 305 to the USD you wont see the sharp inflation that one ought to expect . This is because there is hardly any liquidity in circulation and as such retailers and businesses are afraid of scaring the few customers they have with a price hike.

My friend the economy is in shreds.

The FG needs to inject liquidity into circulation fast.


How can local business take over from importers were there is no patronage due to poverty?

He has blocked the borders and is denying importers access to forex so what is left is to allow liquidity to circulate in order to promote local businesses and trade.

omogin:

Gej could not have stolen more than IBB, Abdulsalami or OBJ nawwwww! Have you seen the so called budget of change. Hmmmmm, my dear this government has no clue on what to do oh. Appoint better economists them no gree, carry them brothers and sisters to come follow chop everywhere. Nigeria is treated like nobody's own. Just eat your own and go governments and political parties. Its the #50 of already improvised Nigerians they are looking at for economic revival

Abagworo:


Maybe your own sector is in shreds. I'm making far more money now and I believe so is it for any seriour hardworking man. Liquidity will lead to inflation. It is easy to just print enough notes to pay workers but the issue is that their should be equivalent foreign exchange or we will have uncontrollable devaluation with a Dollar trading at 1000 Naira in just a month.

Sirfergie1:
Hmmm! IPOB spoted.

Ioannes:


come on sis, do you honestly believe that Buhari wrecked the economy of this country all in the space of six months?

one would expect that if the economy handed over to the Buhari government was sound, it would take much longer to unravel it.

we were all in the country when jonathan was distributing dollars to garner support for his re-election bid.

dont be too sure that jonathan did not steal more than the past leaders you mentioned.

parastatals like customs and others were hardly remitting revenue to the federal government, despite the fact that they were making huge money.

i believe you are a decent person. lets stop defending these people. our job is to demand an explanation from them, their job is to provide such and make it convincing enough. unless ofcourse you are related to one of the yam eaters.

we will put buhari too on the scale when it is time. he hasn't spent a year in office and we are already screaming crucify him.

if memory serves me well, we gave jonathan good support for most part of his tenure. shouldnt be hard to do same for buhari unless we are ethnic bigots.

Ioannes:


come on sis, do you honestly believe that Buhari wrecked the economy of this country all in the space of six months?

one would expect that if the economy handed over to the Buhari government was sound, it would take much longer to unravel it.

we were all in the country when jonathan was distributing dollars to garner support for his re-election bid.

dont be too sure that jonathan did not steal more than the past leaders you mentioned.

parastatals like customs and others were hardly remitting revenue to the federal government, despite the fact that they were making huge money.

i believe you are a decent person. lets stop defending these people. our job is to demand an explanation from them, their job is to provide such and make it convincing enough. unless ofcourse you are related to one of the yam eaters.

we will put buhari too on the scale when it is time. he hasn't spent a year in office and we are already screaming crucify him.

if memory serves me well, we gave jonathan good support for most part of his tenure. shouldnt be hard to do same for buhari unless we are ethnic bigots.

omogin:


This government has grounded the economy to a halt by enforcing a funny TSA regime that holds on to cash that should be free and stimulating production and businesses in the country. Obama wasn't blaming Bush and doing nothing smart. He lent monies to production companies as stimulus. Buhari is just about Efcc soap operas. Except the monies he will recover from the looters is enough to help Nigeria back to its feet, this government needs to wear their thinking cap and chart a sensible roadmap out of this mess.

omogin:
The APC government are trying so hard to cover up so many ills in our economy with well painted lies. Nigerians would have to brace up for a tough 2016. The CBN has never been as busy churning out countless and confused policies as they have done in the past few weeks. Sources within government say the country is broke and in economic crisis. Many federal workers are yet to be paid salaries since last year, but the media has been muted. The SSANU of federal universities are battling to save their jobs as the government wants to systematically fire them to save cost. Buhari and APC have carried on as though we are experiencing a boom. May God save Nigeria.

dollyjoy:
that is what we get for electing a clueless dullard as a first citizen.