Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,152,801 members, 7,817,316 topics. Date: Saturday, 04 May 2024 at 10:04 AM

Economists To The Rescue. What Is Your Professional Opinion On Naira Devaluation - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Economists To The Rescue. What Is Your Professional Opinion On Naira Devaluation (1907 Views)

Original Photos Of The Pictures On Naira Notes / Abba Kyari Meets Ambode After The Rescue Of Kidnapped Lagos Schoolgirls / Osibanjo 'Clashes' With Ex-CBN Governor Sanusi Over Naira Devaluation (2) (3) (4)

(1) (2) (Reply) (Go Down)

Re: Economists To The Rescue. What Is Your Professional Opinion On Naira Devaluation by baralatie(m): 8:33am On Feb 22, 2016
acenazt:
As an Aspiring Economist. Even tho the course sickens me. I'd say Devaluation is totally a bad idea. Why?
1 we run an import based economy so our currency will go down lyk d Kwacha due to no or little Revenue.
2 our biggest export crude Oil Accounts for almost 90% Of our Revenu and right now its not as lucrative as it used to .
The solution to our issue is Instant Diversification. I believe we have abundant Resources at our disposal.
Land,Labour,Minerals,Enterprenures. All we need is capital and a good framework.
As it is now naira is devalued at the cost of #390-#391
Re: Economists To The Rescue. What Is Your Professional Opinion On Naira Devaluation by baralatie(m): 8:40am On Feb 22, 2016
baby124:
Economic advice for free? So you can go and make millions while we keep advising you what to do on NL!
That is what happened to the budget!
Gave them the #6 tr analysis and then what ?did not contact us for further consultation.
Next thing all kinds of yam buffet entered the budgetbudget
grin
Re: Economists To The Rescue. What Is Your Professional Opinion On Naira Devaluation by playtheblues(f): 11:47am On Feb 22, 2016
Free for all is still better than free for Buhari alone!

Where are all the recovered money?

How much does the President spend on his trips from the Federal purse?


Hahaha Buhari is a trickster.
goodlifehyd:
And GEJ who wasn't stubborn, was too nice that he turned the nation's funds into a well were anybody can come fetch from.... Abegiii
Re: Economists To The Rescue. What Is Your Professional Opinion On Naira Devaluation by playtheblues(f): 11:56am On Feb 22, 2016
[b][/b][i][/i]
oyinkinola:
[/s]

why?
and why not the looters?


Buhari is the highest leader.

Where is all the recovered loot?

How much does he spend on each trip abroad in 24 of his trips so far?


Hahaha don't let uncle Bubu deceive you ooo.
Re: Economists To The Rescue. What Is Your Professional Opinion On Naira Devaluation by cckris: 12:15pm On Feb 22, 2016
Junior66:

pls stop recycling the thrash you posted. Are you a robot?
The op may not have done up to 9 Units of Economics. But more in Socialist Central Planning, just like Buhari.
Re: Economists To The Rescue. What Is Your Professional Opinion On Naira Devaluation by cckris: 12:35pm On Feb 22, 2016
Acidosis:


Lol

We've been running a western educational system since the past 90 years and your country has been unable to translate the american/british curriculum into something tangible.

Why do you think you can suddenly industrialize in 4 years?
We have been SHARING freely acquired Oil Revenues since 1970, using the money to create kings & chiefs, pilgrimages, and just STEALING as much as anyone could, then stash the money away in SAFE banking jurisdictions, & just impoverish the Economy of Nigeria, such that there's not enough money create employment. Anyone that wants good paying jobs much emigrate to better Organised Economies.

Sir, have you seen such Fundamental Guiding Principle of State Policy anywhere in Europe, or even in any THIRD WORLD country.
But there is still GREAT HOPE that common sense can still prevail.

(1) (2) (Reply)

Picture Of Patience Jonathan During Campaign / Resumption Date For Primary & Secondary Schools In Abuja / Nigeria To Comply With ECOWAS Court Ruling on Dasuki

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 12
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.