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Nairaland Forum / Nairaland / General / Politics / Buharinomics Is Working Despite The Initial Pains (19168 Views)
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Re: Buharinomics Is Working Despite The Initial Pains by Laid2001: 3:58pm On Feb 19, 2016 |
Amen. God bless you too my brother. But the blessing will only become permanent if you can say Amen to this short prayer. May God RUN your life the way GEJ ran Nigeria in his tenure! Alxmyr: |
Re: Buharinomics Is Working Despite The Initial Pains by arewafederation: 4:01pm On Feb 19, 2016 |
plaetton: Allow the currency float you say? When will it reach its equilibrium? All these benefits you highlighted can also be achieved with the FER with an additional advantage of supporting our exporters whose products may become uncompetitive with a rapid rise in the dollars. The key here is reducing imports and aiding local manufacturers to produce for local consumption and increasing our exports. And I think FER isn't a bad idea. 1 Like |
Re: Buharinomics Is Working Despite The Initial Pains by koko2000: 4:04pm On Feb 19, 2016 |
Ecoterrorism:He was just being sarcastic. |
Re: Buharinomics Is Working Despite The Initial Pains by romme2u: 4:06pm On Feb 19, 2016 |
MahatmaGhandi: remember napoloen is always right and snowwhite is the devil who connived with humans to destroy the farm where equality would have reign supreme 1 Like |
Re: Buharinomics Is Working Despite The Initial Pains by ashjay001(m): 4:09pm On Feb 19, 2016 |
Alxmyr: Amen! |
Re: Buharinomics Is Working Despite The Initial Pains by ashjay001(m): 4:16pm On Feb 19, 2016 |
luvinhubby: I believe u would be happy if PMB had scraped all d uncompleted projects of that buffoon? D said buffoon couldn't even complete any of Obj's project, yet una no go see all dat one! Critics na part of life sha, n PMB no send anybody, talkless of dem mama! 1 Like |
Re: Buharinomics Is Working Despite The Initial Pains by grandstar(m): 4:31pm On Feb 19, 2016 |
IyaIode:India is not an economic giant 2 Likes |
Re: Buharinomics Is Working Despite The Initial Pains by Laid2001: 4:57pm On Feb 19, 2016 |
And FER is reversible unlike the devaluation that we have always resort to in situation like this! Devaluation has never worked for us in Nigeria and I believe it is high time we test something else. "Insanity is doing the same thing and expect a different result" If we devalue Naira we will not be able to stimulate export!. I know because we have always being devaluing Naira and it has never stimulated export. arewafederation: 3 Likes 1 Share |
Re: Buharinomics Is Working Despite The Initial Pains by plaetton: 5:00pm On Feb 19, 2016 |
arewafederation: But FER has never worked for us, despite being in place since the days of Abacha. FER is just a cowardly way of postponing the contemplated eventuality. You can't defy gravity for an extended period of time. 2 Likes |
Re: Buharinomics Is Working Despite The Initial Pains by pryme(m): 5:09pm On Feb 19, 2016 |
i think most of us are missing the main reason why things are like this - Oil. Without oil Nigeria is nothing, now oil has little value, so what do you expect from a country that is over dependent on Oil. its not Buhari's fault that the price of oil plummeted. no Oil, no Nigeria........... its that bad. |
Re: Buharinomics Is Working Despite The Initial Pains by mandarin: 5:41pm On Feb 19, 2016 |
Sant1m: I salute your courage and think the basics are quite clear. Nigerians have to decide whether monies that should stay back in the economy shopuld continue to fly out as capital flight due to unending desire for foreign goods. Going every summer to London, picking up apparrels in Milan and doing weekend in Dubai or allow such funds stay in the economy to improve the economy. My wife make shoes for women and she has had some order for weddings and the rest. The first thing is that you can request for a cheap yet quality shoe as low as =N5K and such would cost you like =N15K from Milan. The only factor affecting her business are those machines used in making the shoes and some leathers but you have to make do with the best available in Nigeria. What am I saying, we all can for instance overcome our own rejection by finding peace with what we have and our country will grow. Second, devaluing the naira will raise imports values thereby making machineries more expensive and that is what will affect the price of local products adversely because the Naira will keep having a parrallel market price if oil price continue to slide. I blame the government of yeaterday for not investing in infrastructures and now the low oil price will hamper such plan now. Honestly I think PMB should send all involved in money scams to jail and use recovered monies to run his government. 1 Like |
Re: Buharinomics Is Working Despite The Initial Pains by mandarin: 5:49pm On Feb 19, 2016 |
plaetton: Did you read about negative interest rate? You don't just condemn because you read somethin g in a textbook that its the way to go about it. Govt chose to manage the exchange rate by subsidizing those it deemed genuine importers, though it may conflict with the popular norm but its a way of currency management and an indirect protectionist idea if well received by manufacturers and entreprenuers. |
Re: Buharinomics Is Working Despite The Initial Pains by Freedom4us: 5:52pm On Feb 19, 2016 |
[size=13pt]How can an uneducated man run a country. Lets look at the facts. Before GMB became president look at the Naira. [/size] [size=13pt]After GMB became President and showed the world that Michelle is the President of West Germany.[/size] [img]http://i.onthe.io/vllkyt3bd2k40g95r.19daa360.jpg[/img] By the time GMB leaves, we pray sooner rather than later [size=16pt]₦1000 = $1[/size] 2 Likes |
Re: Buharinomics Is Working Despite The Initial Pains by Sant1m: 5:58pm On Feb 19, 2016 |
mandarin:Thanks, it is beautiful that there are Nigerians who understand where PMB is going with this, how i wish the Govt can further make funds available at 197 to Nigerians like your wife to buy machinery, there is no two way about Industrialization, develop your own or remain dependant forever. There is billion to be made from exporting cassava starch yet Nigerians still import this product. 1 Like 1 Share |
Re: Buharinomics Is Working Despite The Initial Pains by maclatunji: 6:16pm On Feb 19, 2016 |
Additional increase in local capacity https://www.nairaland.com/2943618/aisha-buhari-toyin-commissioning-tomato |
Re: Buharinomics Is Working Despite The Initial Pains by plaetton: 6:36pm On Feb 19, 2016 |
mandarin: But the bulk of the forex goes to fund shady deals of banks, round tripping, as well as financing the extravagance of government officials at all levels. The envisaged benefits far underweigh the destructive effects on the economy. 2 Likes |
Re: Buharinomics Is Working Despite The Initial Pains by drss(m): 7:28pm On Feb 19, 2016 |
IBBG:true talk. 1 Like |
Re: Buharinomics Is Working Despite The Initial Pains by fanficgirl(f): 4:31am On Feb 20, 2016 |
kvngveektour:HE was being sarcastic! |
Re: Buharinomics Is Working Despite The Initial Pains by PreyingMantis(m): 7:20am On Feb 20, 2016 |
Omenkata:#ImpeachBuhariNow! 2 Likes
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Re: Buharinomics Is Working Despite The Initial Pains by mollie12: 5:19pm On Feb 20, 2016 |
Omenkata: And Nairaland would say they have moderators, when comments this insultive are allowed to be published |
Re: Buharinomics Is Working Despite The Initial Pains by BB013(m): 6:32pm On Feb 20, 2016 |
I can't believe some so called learned people re in support if the devaluation of the naira Isn't that what brought us to where we are today or ve u guys forgotten about SAP? Nigerians re indeed forgetful Na only to curse, chest beat, kill, heard their cattles, nd to dey talk awa oyel, so so nd so Oba is bigger than this nd that Oba, so so nd so place is awa own, we re d most industrious, we re this we re that nd cause hate among ethnic group una sabi Rubbish |
Re: Buharinomics Is Working Despite The Initial Pains by Seun(m): 7:08pm On Feb 20, 2016 |
BB013:SAP was not the cause of Nigeria's problems under IBB. It was the result. The government mismanaged the economy and had to be bailed out by the foreign creditors, and SAP was the condition for their help. Also, nobody actually devalued the naira. The government has been supporting the naira for a very long time but when the oil price fell the forex supply to support the naira dried up and so it fell. Now Nigerians have to pick up the slack by going into exportation businesses and the govt should also make it very easy to export anything from Nigeria. 1 Like 2 Shares |
Re: Buharinomics Is Working Despite The Initial Pains by mansadi(m): 4:21am On Feb 21, 2016 |
luvinhubby: When will Nigerians stop this plain act of hypocrisy? If something good happens, the praise goes to the former administration but if a fault is discovered, those same group of individuals will blame this administration. If you think I'm lieing, check when TSA was implemented then check when the payment deal with Remita was faulted. Now, Goodluck is responsible for the chinese doing business but when it goes sour, then its Buhari. Chai, your hypocrisy is legendry |
Re: Buharinomics Is Working Despite The Initial Pains by Mckennedy: 7:08am On Feb 21, 2016 |
arewafederation: You must be dreaming,,,, wake up. |
Re: Buharinomics Is Working Despite The Initial Pains by arewafederation: 9:07am On Feb 21, 2016 |
Mckennedy: OK, I'm up! |
Re: Buharinomics Is Working Despite The Initial Pains by jamace(m): 9:59am On Feb 21, 2016 |
drss:Talk is cheap. If it were this easy, university lecturers will have been our leaders! |
Re: Buharinomics Is Working Despite The Initial Pains by maclatunji: 6:58pm On Feb 21, 2016 |
Traders are getting the message http://www.punchng.com/traders-throng-aba-onitsha-lagos-kano-markets/ Act and buy local, think global. |
Re: Buharinomics Is Working Despite The Initial Pains by caphone: 9:58pm On Feb 21, 2016 |
Oga titus I think yu might as well be a teacher now by being an economist for a sec |
Re: Buharinomics Is Working Despite The Initial Pains by maclatunji: 7:41pm On Feb 22, 2016 |
Mr David Ahmed Okoro started the day early, having set his alarm clock (MADE IN FINLAND) for 6am. While his teapot (MADE IN CHINA) was perking, he shaved with his clipper (MADE IN HONG KONG). He put on his shirt (MADE IN THE UK), and designer jeans (MADE IN ITALY) and shoes (MADE IN THE USA). After cooking his breakfast in his new electric cooker (MADE IN INDIA) he sat down with his calculator (MADE IN MEXICO) to see how much he could spend today. After setting his wristwatch (MADE IN TAIWAN) to his radio (MADE IN VIETNAM) he got in his car (MADE IN GERMANY) filled with petrol imported from (SAUDI ARABIA) and continued his search for a good paying NIGERIAN job... At the end of yet another discouraging and fruitless day checking his computer (MADE IN MALAYSIA), Mr David Ahmed Okoro decided to relax for a while. He put on his slippers (MADE IN BRAZIL) poured himself a glass of wine (MADE IN SOUTH AFRICA), while fiddling with his mobile phone (MADE IN SOUTH KOREA), and then wondered why he cant find a good paying job in... NIGERIA. He felt achy and sore in his left kneel, he decided to take one tablet of his TRAMADOL TABLETS (MADE IN BANGLADESH) to relieve the pain. Lying down on his bed and wondering why NIGERIAN External Foreign Reserve has depleted to under $ 28billion which has translated to free fall depreciation of Nigerian NAIRA to US DOLLAR at PARALLEL MARKET....... Fellow Nigerians, let's us start producing, let us start buying made in NIGERIA goods If our economy is to grow and create better jobs. How can a country like Nigeria be importing toothpick, cutting bud, cotton wool, matches, rubber band e.t.c? And we complain at d same time that there is no jobs for our teeming youths? The situation is even pathetic now when you see Nigerians ( in Lagos) prefer Cotonou garri to that of Ijebu, buy cotonou pineapple and they say it is better than that of Nigeria. That is why frozen foods will be exported to Cotonou from farms like that of obasanjo repacked and imported back to Nigeria because they know Nigerians always prefer made in outside Nigeria goods . That is why you will see an expatriate renumeration will be juicy than that of his Nigeria counterpart even if that Nigerian is more certificated than d expatriate ( This also happen in government parastatals). Any nation that import majorly foreign made goods/ services rather than producing their own are hurting its people.... When we keep importing foreign made products into Nigeria, we keep importing poverty into our country and exporting jobs abroad... Let's go back to the land to grow and patronise MADE IN NIGERIA products... PLEASE SHARE FREELY TO ENLIGHTEN ALL NIGERIANS. From: WhatsApp 1 Like 1 Share |
Re: Buharinomics Is Working Despite The Initial Pains by maclatunji: 8:59am On Feb 24, 2016 |
The speculators are giving-up. Buharinomics is working https://www.nairaland.com/2952906/speculators-get-fingers-burnt-naira#up |
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