The Nigeria Chairman of political economy,
Pat Utomi , has faulted The Nigeria
President Muhammadu Buhari for insisting
that he would not approve the further
devaluation of the naira which has been
tremendous over the country Nigeria
Honorable Pat Utomi told journalists during
the inaugural conference of the Ibadan
School of Government and Public Policy
( ISGPP ) Which Was held in Ibadan, Oyo
State ( Nigeria ) recently,
Utomi said that the Nigeria President {
Muhammad Buhari } has no knowledge or
idea of the economy and should allow those
who know better than him should speak on
the matter.
He said: “President Buhari who was in Kenya
recently said he would not devalue the
Naira. The main fact is that someone like
him should not be talking about such things
that ain’t sound good. Whatever his
sentiments are, he should keep quiet so that
people who know about these things, should
be allowed to talk about them better. He has
created a major problem for the economy by
that single statement of him.”


Watch The Video @ http://skyevibes.com/2016/02/21/video-buhari-keep-quiet-pat-utomi-blasts-president-buhari-naira-devaluation-policy/

Read More News @ Skyevibes.com

Won't believe until I hear him gan gan.

Didn't see anywere he told buhari to keep quiet

Let me eat first before comment

Then he needs to shut his STAR WATCHING EYES first.

The Oloju quarter till, should stop talking shiiit.

I doubt Pat Utomi said that

Buhari is on the right track here. No devaluation is needed. The dollar account of all exporter should fund the import needs of importers. If our claim as Nigerian that we are hardworking is true then we should have enough dollar reserve from exporters to satisfy the needs of importers. What we have had is a case of govt giving out dollars from oil sales to importers who add no value to the system but help promote capital and employement flight. Nigerians have been net consumers i.e technically relatively unproductive for too long, if you are truely productive and reasonably competitive, sell your products and services to the dollar market and buy what you need with the dollar earned, not you going to govt for dollars. Buhari can't subsidize every toothpick, mascara, toothpaste, noodle, DSTV subscription with non-existent Dollar that isn't his fault.
Importation of those things means a foreigner is employed for its production and the wealth generated in Nigeria has been transferred to the foreigners' hand for the forseeable future. For even offering to give hard earned Dollar out at a low rate to importers of certain items is a plus from Buhari govt. As long as we continue to hide behind man-know-man format to earn from govt(oil), there will continue to be naira devaluation in exchange markets.

Pat, Buhari has no knowledge of economy. It is unfortunate will av an illiterate president, more unfortunate he does not take advice. Leave him, he has refused to devalue d naira, bt naira has bn devalueing itself.

jordyspices:
Didn't see anywere he told buhari to keep quiet

you minding all this hungry bloggers looking for traffic

goodlifehyd:
you minding all this hungry bloggers looking for traffic

@ Goodlifehyd Learn How To chat or speak with someone whom you don't know..... @ Goodlifehyd Do You think Skyevibes.com is an upcoming blog? You better keep shut and think well perhaps have you check or make research on Google.com ? @ Goodlifehyd am not here to insult you neither to fight but if you think that any post you see is an hungry blogger just sit and watch so as to avoid *ignoring*


@ Goodlifehyd am Not the owner of Skyevibes.com but I love reading their contents and am not a blogger ....

KEEP NOTE!

omostar:
Won't believe until I hear him gan gan.

jordyspices:
Didn't see anywere he told buhari to keep quiet

Boss13:
I doubt Pat Utomi said that

goodlifehyd:
you minding all this hungry bloggers looking for traffic

presharthur:
@ Goodlifehyd Learn How To chat or speak with someone whom you don't know.....
@ Goodlifehyd Do You think Skyevibes.com is an upcoming blog? You better keep shut and think well perhaps have you check or make research on Google.com ?
@ Goodlifehyd am not here to insult you neither to fight but if you think that any post you see is an hungry blogger just sit and watch so as to avoid *ignoring*
@ Goodlifehyd am Not the owner of Skyevibes.com but I love reading their contents and am not a blogger ....
KEEP NOTE!

https://www.youtube.com/watch?v=hIxHPCnB8vw

0:00 The president was in Kenya
0:02 I will not
0:04 devalue the naira
0:06 Somebody like him should not be talking about such things
0:09 KEEP QUIET, LET PEOPLE WHO talk about them...
0:12 whatever your sentiments are,
0:14 talk about them,
0:15 otherwise you create a problem, he has a created a major problem for nigeria's economy by that statement...

Buhari is using cattle-rearing fiscal policy on a modern economy. This dulllard sef.

I can bet it that Pat Utomi didn't use those exact words

Pat Utomi is an economic brain, unfortunately, he is not from the sacred North

Sibrah:
Buhari is on the right track here. No devaluation is needed. The dollar account of all exporter should fund the import needs of importers. If our claim as Nigerian that we are hardworking is true then we should have enough dollar reserve from exporters to satisfy the needs of importers. What we have had is a case of govt giving out dollars from oil sales to importers who add no value to the system but help promote capital and employement flight. Nigerians have been net consumers i.e technically relatively unproductive for too long, if you are truely productive and reasonably competitive, sell your products and services to the dollar market and buy what you need with the dollar earned, not you going to govt for dollars. Buhari can't subsidize every toothpick, mascara, toothpaste, noodle, DSTV subscription with non-existent Dollar that isn't his fault.
Importation of those things means a foreigner is employed for its production and the wealth generated in Nigeria has been transferred to the foreigners' hand for the forseeable future. For even offering to give hard earned Dollar out at a low rate to importers of certain items is a plus from Buhari govt. As long as we continue to hide behind man-know-man format to earn from govt(oil), there will continue to be naira devaluation in exchange markets.

God bless you and your endeavour. Nigeria is in this mess because we don't produce.
All petrol dollars we make are used to drive another country production.
Here, we are comfortable with buying and selling without being productive.
It's better for us to face the reality now and suffer it once and for all.
Buhari must not devalue our naira now. Importation of all goods and services that can be produce locally must stop now.
Yes, this policy will make the economy suffer some unforeseen trouble circumstances .
This is the best of time to start looking inward and start running a productive economy rather than rent seeking one we have been running before.

ibisko04:


God bless you and your endeavour. Nigeria is in this mess because we don't produce.
All petrol dollars we make are used to drive another country production.
Here, we are comfortable with buying and selling without being productive.
It's better for us to face the reality now and suffer it once and for all.
Buhari must not devalue our naira now. Importation of all goods and services that can be produce locally must stop now.
Yes, this policy will make the economy suffer some unforeseen trouble circumstances .
This is the best of time to start looking inward and start running a productive economy rather than rent seeking one we have been running before.

yo"uba men! See how they are now justifying hardship becos they voted for fraud. Wat kinda human beings are these?

myopinion2011:
Pat, Buhari has no knowledge of economy. It is unfortunate will av an illiterate president, more unfortunate he does not take advice. Leave him, he has refused to devalue d naira, bt naira has bn devalueing itself.

Your patriotic sense is very low. Are you happy because naira is getting worse or you are happy to see Buhari government as a failure?
You people are so comfortable with buying and selling.
Production has become a taboos. Even, the food we are eating is dwindling by local production.
Our farmers are aging , no younger generation of todays is ready to take up their jobs either mechanically or manually.
Rice, beans, chicken and many others food are 70% imported.
In another ten years time, yam and some locally processed food will not be available locally again.
All these nonsense about devaluation of naira will continue until we look inward to start productive economy rather than every body been an importer.

naijaboy756:
yo"uba men! See how they are now justifying hardship becos they voted for fraud. Wat kinda human beings are these?

What do you know my friend. Go and read about all the third world country that are industrial giants today and come back to tell me what you read about them.

That means that d journey of #1000 to $1 is so on point!!!

SegunAdewole:
Buhari is using cattle-rearing policy on a modern economy. This dulllard sef.

@ funny

[s]

presharthur:
The Nigeria Chairman of political economy,
Pat Utomi , has faulted The Nigeria
President Muhammadu Buhari for insisting
that he would not approve the further
devaluation of the naira which has been
tremendous over the country Nigeria
Honorable Pat Utomi told journalists during
the inaugural conference of the Ibadan
School of Government and Public Policy
( ISGPP ) Which Was held in Ibadan, Oyo
State ( Nigeria ) recently,
Utomi said that the Nigeria President {
Muhammad Buhari } has no knowledge or
idea of the economy and should allow those
who know better than him should speak on
the matter.
He said: “President Buhari who was in Kenya
recently said he would not devalue the
Naira. The main fact is that someone like
him should not be talking about such things
that ain’t sound good. Whatever his
sentiments are, he should keep quiet so that
people who know about these things, should
be allowed to talk about them better. He has
created a major problem for the economy by
that single statement of him.”


Watch The Video @ http://skyevibes.com/2016/02/21/video-buhari-keep-quiet-pat-utomi-blasts-president-buhari-naira-devaluation-policy/

Read More News @ Skyevibes.com

[/s]

[b]3. ....OIL AND LFR
THE TWO MAIN MEANS OF INCOME FOR NIGERIA ECONOMY
.....with the determination of Nigeria president Buhari and the trust of of world leaders toward nigeria, from America, Eroupe, Asia and gulf nation the down price of oil and the rise in $ is not a corse to nigeria but a blessing.
Among the oil producing countries, and OPEC only nigeria have what other didn't, we have oil in common but nigeria have the looters as well, this opportunity raise nigeria above other oil nation and when all this country are frustrated with oil down price, nigeria have turn to her looted fund reserved to keep her economy running.
Nigeria is bless with oil and (LFR) looted fund reserve, when the oil price is down, the rise-up of dollar $ hike the value of our LFR, if government inject the LFR recovered on the economy, it will boot our economy!
at rate of $ to ₦ today if government managed to recovered $1 trillion LFR it will give us:

$1=₦400, $1trillion=₦400trillion!
I hereby challenge the Nigeria economists who insist that rising $ and downwards of oil price is a broke to nigeria economy to come-up for debate!
Note (LFR is looted fund reserve)[/b]

[b]The efforts of Nigerian government to recover the looted fund without the full supports of Nigerian would not make the task easy for the government, to recover the looted fund, we are hearing that the looters will fight back the nation and they were doing so without hide! it's samefull to this nation that a few elements with their evil acts and their colaborators hold down the 170 million nigerian in sufferance at the watch of themselves without any reactions isn't this a shame to the nation? If $1 trillion is unaccounted for and we are looking elsewhere for an angel to come and fix our economy for us without taken the looters responsible, it's a shame to this nation, if we still depend on the aid of western world , Usa, Asia gulf state for our own survival while harbouring the looters who looted us to bone without challenge, then it's a shame to the nation! if the Europian looted their treasory can they have the money to fix their economy talkless of helping others. if a party which formed for the service of the people openly support and protected the looters it is a shame, enough is enough for the office holders and publics sevants who looting nigeria treasory. NLFRC is now at watch of you looters and a drastic action will be taken against any looters!
here is some of the action taken so far:
Letter to the UN
Letter to the EU
Letter to the world bank and monetary institutions
Letter to the AU
Letter to the ECOWAS
Letter to the nations: Swis, Gb, Usa, Germany, Asian nation, Gulf states etc
we let's these international communities known that we need their full support on how to help nigerian government recover every kobo looted in nigeia and placed in their countries, no more hide out for the looters any longer, they either return the looted fund at their disposure or return it, no other options, they may try to play god or take is as joke all for their peril!

JOIN NLFRC Crusade to save nigeria nation!
NLFRC: Nigeria Looted Fund Reserve Recovered Crusade.
GOD BLESS NIGERIA....AMEN

co-ordinator oyinkinola
[/b]

missKiffy:
I can bet it that Pat Utomi didn't use those exact words

Idiat. Watch the video

jordyspices:
Didn't see anywere he told buhari to keep quiet

watch the video on you tube
https://www.youtube.com/watch?v=hIxHPCnB8vw]
even i thought it was made up.ppl are getting impatient with the general
fingers crossed for next 3 years

naijaboy756:
yo"uba men! See how they are now justifying hardship becos they voted for fraud. Wat kinda human beings are these?

I am apolitical and Yoruba.

Buhari can not win Yoruba land even if Tinubu urges them in 2019 if things continue like this.

They did not even vote for Ribadu of ACN but rather voted for Jonathan in 2011. The only ACN state Ribadu won was Osun and that was due to the popularity of Aregbesola then.

jonathanOz:

Idiat. Watch the video

Fool

naijaboy756:
yo"uba men! See how they are now justifying hardship becos they voted for fraud. Wat kinda human beings are these?

Why do so many people on here insist on injecting tribalism into everything? You run into someone with a viewpoint you disagree with, and suddenly they represent the views of 40 million people? What kind of ridiculous "thinking" is that?

omohayek:


Why do so many people on here insist on injecting tribalism into everything? You run into someone with a viewpoint you disagree with, and suddenly they represent the views of 40 million people? What kind of ridiculous "thinking" is that?

ok.. I am sorry. Forgive me. But note that there is no room for sneaking out from the group of people that imposed this burden of APC leadership on Nigeria. Yo*luba played a key role in installing the most clueless leader in the world on Nigeria. Obasanjo and Soyinka are now trying to withdraw cunningly but we are wiser.

naijaboy756:
ok.. I am sorry. Forgive me. But note that there is no room for sneaking out from the group of people that imposed this burden of APC leadership on Nigeria. Yo*luba played a key role in installing the most clueless leader in the world on Nigeria. Obasanjo and Soyinka are now trying to withdraw cunningly but we are wiser.

Some "apology"; you still insist on using a slur to refer to Yoruba people while talking about a mysterious "we" who are supposedly "wiser". Clearly you're irredeemably lost to tribal bigotry: the irony is that your utterances of bile will only serve to fuel retaliatory attacks in your direction, turning your prejudices into self-fulfilling prophecy.

All these dishonoured people should not be allowed to to make public statement. When the looting an stealing was booming what was their comment? He did not hear their voices for only God know reasons. What are we doing with dollars. The last meal he eat was it bought with dollar? If he want to pay his children fees. The question is; y are their children out of the country that they need dollar. Wat business has the poor masses with dollar. I tot they said they are rich? They should not complain about the rise. They are afraid their loot will since get finish with the rise. Thieves.

omohayek:


Some "apology"; you still insist on using a slur to refer to Yoruba people while talking about a mysterious "we" who are supposedly "wiser". Clearly you're irredeemably lost to tribal bigotry: the irony is that your utterances of bile will only serve to fuel retaliatory attacks in your direction, turning your prejudices into self-fulfilling prophecy.

any one with conscience will not attack me. Nigeria steered by APC is sinking sooo fast.