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Nairaland Forum / Nairaland / General / Politics / Buharinomics Is Working Despite The Initial Pains (19171 Views)
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Re: Buharinomics Is Working Despite The Initial Pains by Ecoterrorism(f): 1:23pm On Feb 19, 2016 |
Caseless:can't you stop following me around? 3 Likes |
Re: Buharinomics Is Working Despite The Initial Pains by plaetton: 1:24pm On Feb 19, 2016 |
arewafederation: Big laugh out loud. So fixed exchange rate is The economic policy ? Anyone with an elementary knowledge of economics will dismiss all this nonsense talk of to devalue or not to devalue. The currency is already devalued by simple market forces. Maintaining a phony official rate is the silliest thing any government can do. Insisting, against market forces, to keep the phoney official rate at $199 shows the very narrow grasp of economics that the present leadership has. 6 Likes 1 Share |
Re: Buharinomics Is Working Despite The Initial Pains by Caseless: 1:30pm On Feb 19, 2016 |
Ecoterrorism:you don't proffer solutions, you celebrate when it goes bad for Nigeria cos the candidate you supported in the election lost. I want to remind you lots that elections are over, it's time for governance. If you want to criticize, do it objectively. 1 Like |
Re: Buharinomics Is Working Despite The Initial Pains by Ecoterrorism(f): 1:32pm On Feb 19, 2016 |
Caseless:I've heard you. Can you kindly go and join efcc to continue the witchunting |
Re: Buharinomics Is Working Despite The Initial Pains by Gbawe: 1:32pm On Feb 19, 2016 |
arewafederation: Indeed. That is why it is frustrating talking to Nigerians about politics or the economy. The myopia and ethnocentric viewpoint of many Nigerians, which makes them fail to see or deliberately misinterpret what is obvious, is annoying. I gave an example on another thread of how some Nigerians are acting like a little child who is demanding a bicycle from his dad yet will not accept that Daddy simply does not have the money in his pocket to purchase the bicycle with. The simple fact some Nigerians are blatantly refusing to accept , like a brat-like child, is that we do not have the reality or economic strength, courtesy of being a mono-economy with a moribund SME sector and prehistoric infrastructure et al, to recover quickly from this crash in oil price matched with the monumental corruption GEJ and co have bankrupted Nigeria with. Nigerians should grow up, face reality, support a well-intentioned and focused government and , crucially, stop childishly and unreasonably demanding water from a stone. 4 Likes 1 Share |
Re: Buharinomics Is Working Despite The Initial Pains by Caseless: 1:34pm On Feb 19, 2016 |
Ecoterrorism:I think someone has realized that taking that welfare package a whole hog without any economic inputs from beneficiaries will cost us more, and there have been modification to the plan. Check out more info on what caused the Greek problem. |
Re: Buharinomics Is Working Despite The Initial Pains by Ayodee2(m): 1:37pm On Feb 19, 2016 |
Ecoterrorism:Even if naira is officially devalued to 400 today, and our only source of foreign currency keeps on falling, the gap between official and black market will widen again. It is a matter of demand and supply. |
Re: Buharinomics Is Working Despite The Initial Pains by Caseless: 1:40pm On Feb 19, 2016 |
Ecoterrorism:today is ur day- I'm dedicating today to you. How about that? 1 Like |
Re: Buharinomics Is Working Despite The Initial Pains by Caseless: 1:41pm On Feb 19, 2016 |
Ecoterrorism:funny post! |
Re: Buharinomics Is Working Despite The Initial Pains by Ecoterrorism(f): 1:41pm On Feb 19, 2016 |
Caseless:So you can now see with your eyes what our wailing has caused. Thanks for eating the humble pie. Hope u enjoyed it 1 Like |
Re: Buharinomics Is Working Despite The Initial Pains by Caseless: 1:47pm On Feb 19, 2016 |
Ecoterrorism:*walks out and vomits the humble pie * I'm just being a realist , not succumbing to the wailing antics of wailers. For BUHARI to have a modification to the walfare program shows he deserves a commendation. 1 Like |
Re: Buharinomics Is Working Despite The Initial Pains by Ecoterrorism(f): 1:52pm On Feb 19, 2016 |
Caseless:for him to even think of it shows he is DUMB 3 Likes |
Re: Buharinomics Is Working Despite The Initial Pains by Ojezzzypopsy: 1:57pm On Feb 19, 2016 |
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Re: Buharinomics Is Working Despite The Initial Pains by Caseless: 2:13pm On Feb 19, 2016 |
Ecoterrorism:when he refuse to listen , you call him a despot. When he does listen, you call him name. You people just have cognitive dissonance! When you deactivated, you came back better, what's behind that ? |
Re: Buharinomics Is Working Despite The Initial Pains by Ecoterrorism(f): 2:15pm On Feb 19, 2016 |
Caseless:GOD |
Re: Buharinomics Is Working Despite The Initial Pains by Seun(m): 2:17pm On Feb 19, 2016 |
arewafederation:Which one? Preventing people from making online payments? Nairaland almost got into trouble over a $200 payment that they blocked. $200!! 3 Likes 1 Share |
Re: Buharinomics Is Working Despite The Initial Pains by ISpiksDaTroof: 2:19pm On Feb 19, 2016 |
Omenkata:Notice everyone else is talking Economic policies and solutions and you just changed the topic to "Everyone look at me I have a Mental illness". Go take your medication. 3 Likes |
Re: Buharinomics Is Working Despite The Initial Pains by Yehman(m): 2:23pm On Feb 19, 2016 |
Alxmyr:The epic, abeg take one origin for my head |
Re: Buharinomics Is Working Despite The Initial Pains by Caseless: 2:37pm On Feb 19, 2016 |
Ecoterrorism:I see. I think it's God that's making me soft on you today. |
Re: Buharinomics Is Working Despite The Initial Pains by Yehman(m): 2:38pm On Feb 19, 2016 |
Seun:With your steady power supply abi |
Re: Buharinomics Is Working Despite The Initial Pains by Yehman(m): 2:42pm On Feb 19, 2016 |
maclatunji:Bag of trash. Manufacturing industries without steady power supply. If the government is serious about local production, they should fix power first. You will amazed when u get to hear how much the few local producing industries spend on power alone. What then happens to profit? 2 Likes |
Re: Buharinomics Is Working Despite The Initial Pains by lordizak(m): 2:44pm On Feb 19, 2016 |
drss: you see, while PMB is busy being president, you are wasting time condemning his approach to governing. u should be ashamed of urself. |
Re: Buharinomics Is Working Despite The Initial Pains by arewafederation: 2:59pm On Feb 19, 2016 |
plaetton: Isn't the FER an economic policy? Mr.Adams Smith, Please tell us what makes the FER silly and propose a practical way forward. |
Re: Buharinomics Is Working Despite The Initial Pains by Nobody: 3:12pm On Feb 19, 2016 |
grandstar:India is not what? |
Re: Buharinomics Is Working Despite The Initial Pains by arewafederation: 3:12pm On Feb 19, 2016 |
Seun: That was done to check some excesses which unfortunately, affects even the innocent. |
Re: Buharinomics Is Working Despite The Initial Pains by plaetton: 3:22pm On Feb 19, 2016 |
arewafederation: FER is not silly. But having a dual exchange rates where one is fixed and the other open to market forces is the grand folly. When was the last time you walked into your bank and got the official FER? The official FER is just an avenue for fraud for banks and their agents. It's robbing the public to pay the banking class. It makes noooo economic sense. On the other hand , let the currency float freely would allow it reach it's equilibrium value, it's real value. This value may be 500 or 1000, and would sure enough create immediate pain for imports. But our non oil exports would benefit, grow and their successes seep into the economy. The non oil exports can potentially create 20 to 30 million jobs if the incentives for profit-making are there. On the medium and long term, it would force us to look inwards and look local for our basic necessities. Those who can import and those who want to consume foreign made products would go ahead and pay the higher prices. When oil prices recover, we would have created so many cottage industries that our economy would become less and less dependent on oil and gas. And let me add another thing. Forcing Western Union and monygram customers to get their remittances at the official naira rate is another fraud perpetuated on the Nigerian public. Nigerians in the diaspora remit to $23 billion annually. If beneficiaries are allowed, as was the previous practice, to receive their funds in dollars or at REAL market equivalents, it would encourage those in the diaspora to remit more dollars, help mitigate the shortages and help keep the pressure off the Naira. This is one thing the government or CBN should do right away. 5 Likes 2 Shares |
Re: Buharinomics Is Working Despite The Initial Pains by bcashy: 3:33pm On Feb 19, 2016 |
Omenkata: if u dont die because Buhari is now in charge ruling over u and ur papa, who will? mumu!!!!!!!!!!!!!! As if all those nonsense u put over there will stop Buhari from ruling over u lolzzzzzzzzzzz 1 Like |
Re: Buharinomics Is Working Despite The Initial Pains by Omenkata: 3:35pm On Feb 19, 2016 |
efilefun: what's this one saying? |
Re: Buharinomics Is Working Despite The Initial Pains by GaniLAb(m): 3:41pm On Feb 19, 2016 |
Alxmyr: Amen |
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