Abdulhakeem7:
No sane manufacturer will import its raw materials if they can be available in Nigeria,so for manufacturer to import its raw materials it means dos materials aren't available here in Nigeria. Don't forget dat closeness to raw material source can help d manufacturer make cheaper products.

mrvitalis:

Indomie and yale import wheat.. . Do t we have wheat here?? They are more expensive thats y

mrvitalis:

Indomie and yale import wheat.. . Do t we have wheat here?? They are more expensive thats y

soberdrunk:


Bros after work today, go to the nearest bar and take "3 bottles" of whatever it is you drink and one plate of fish peppersoup then send me the bill!!! This man here understands the Nigerian economy better than our British accent aunty!! IT IS NOT "ROCCKET SCIENCE" and you dont need years in Harvard to understand what is happening..........................

ATERI:
During the economic crisis of 2008, why was it that this EU didn`t devalue the Euro in order to make them more competitive. quantitative easing was good then but not good for us now? Too many evil forces around!

rhektor:
That's was how they killed the economy of Greece, stoopid people. As if we've not had enough of this devaluation. naira is now 470 + to a dollar what else do they want?
Mtchewwwwwwwww

grandstar:


Scenarios are different.

Inflation was very low or even negative. Inflationary pressure was low.

Also, the Euro can not unilaterally devalue because it is shared by many countries.

Also, it the UK and US, the 2 most liberal economies that quickly applied pump priming and quantity easing. This did not lead to inflation of consumer goods but rather those of assets.

The conservative Euro zone waited till 2014 or so before applying quantitative easing which naturally leads to a drop in value of the currency..

grandstar:


They are telling you to devalue the official rate and not the black market

grandstar:




The primary reason why the currency is loosing value is collapse in oil prices from $110 to about $40.

So let's 1 trillion naira before was chasing $10b, now you have 1 trillion chasing $5b with the collapse in oil prices. What do you think will happen to the naira? Increase in value or nosedive in value? Your guess is as good as mine

oothoney:


they can only half it for you..once the ticket is wriitten, you have to pay

thats jst the first part..to get your vehicle released. every day in the park is 1000
vulcanizer is 500
gate fee is 1000

then to get your key..they will ask for your tax clearence ( hope you are employed by a good organization, otherwise you will be asked to produce your tax id)

My bro..avoiding them is better than the stress they will put you through

you can google vio directory and get their head number( Engr Toriola), plead with him and might be able to help you get it reduced

amyzon:


U want solution? One and only solution is to restructure, government does not have any business in business. There business should be proper taxing only. Did u listen to tramp and Clinton debate, did u hear them talk about managing their countries oil industry or energy e t c. All they talked was proper taxing of people and companies. Make the ground safe for businesses to grow, remove UR hands complete from business and tax right, the higher u earn d higher tax u pay. Manage our present limited earning well and stop borrowing. Cut UR coat according to UR earning, if u can't afford a driver, don't employ a driver, drive UR self and if u don't know how to drive, learn how to drive

rhektor:



Officially it is over 300 so what the heck?

frehage:



Please, could you let us in on why the government prints money? One reason I know why they do that is to convert our dollar earnings to Naira.


If the government stops printing money, where will they get the Naira equivalent of our petrodollars earnings to distribute to the three tiers of government as monthly allocation?


Will that not lead to Naira crunch in the economy? How will they mitigate currency scarcity?


How do countries with strong currencies like South Africa, Kuwait, etc, incorporate their dollar( foreign exchange) revenues into their economies without resulting in the evil continuum of excess liquidity, weakening currency, biting inflation and growth inhibiting high interest rates as is the case in Nigeria?


Can you give an example of a related country that does it right?

grandstar:


The difference between the official rate and the black market must never be more than 3%. What is the difference now?

musicwriter:
So far, everything is going as I predicted them.

1. The ugly truth is they would eventually corner Buhari to devalue the Naira to enable them buy up our national assets for pennies. Remember, they know we are about to sell some national assets. They want to buy at the cheapest price possible.

2. If Buhari refuse to devalue, then they'll wait for us to collect all the loans from world bank, IMF, China, and once we have the money they'll tweak their own currency or crash the global oil price again to make the loan money useless.

Either ways, what they want is access to buy everything of value in Nigeria. Unfortunately, they'll succeed.

Expect the Naira at N1,000/$1, before Buhari leave office.