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Naira Falls As Dollar Scarcity Worsens - Business (4) - Nairaland

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Re: Naira Falls As Dollar Scarcity Worsens by aloeman15(m): 10:32pm On Dec 17, 2016
I bin wan clap for you. But...
You REALLY think anyone here, much less in govt is- even casually- looking for answers to this country's problems?
Or that- miracle of the century- they would understand, much less agree with you?
Guy, just how naive are you?!
...sigh
Reference:
The quality of government is indirectly proportional to the number and intensity of conflicts of whatever kind. It is one of the basis I personally rate leadership and that is why the Yaradua government and the Jonathan government rate higher in my opinion. When you look at the prosperity index of countries all over the world you can correlate them with peace and progress. Let us look at them side by side:

The United States with Mexico. One deals with crime equitably across the political divide, the other murders its criminal citizens while protecting its criminal officials.
Singapore with The Philippines. One treats its religious and ethnic diversity equitably, the other excludes its minorities and has been fighting insurgent wars for decades.
In Africa, the fastest growing economy is Rwanda, that has dealt with its civil war past and respects its citizens who were once called cockroaches.

On the other hand President Assad is winning the war against his own people, crushing them with foreign backed might and brutality. He will win the battle but will lose the war. You donot need a crystal ball to tell you that mass poverty and famine awaits Syria in the decades to come. You donot need a guru to tell you that starvation, not rebellion will put an end to Assad's regime. If you were an investor, whether local or foreign, will you put your money in Syria, no. So political stability by coercion is not a ticket to prosperity but disaster. Rather a negotiated settlement, social justice and the respect for all peoples is the only way to development.

The quality of leadership is thus in the ability to settle conflicts and keep your citizens satisfied and happy. That is the yardstick I use to rate leadership and since this democratic dispensation, Jonathan remains 1, Yaradua 2, Obasanjo 3, and Buhari 4. It is no surprise that the historical state of the economy follows this rating.

If this government can sort out its numerous political, sectional, religious wars it is fighting and igniting all over the place, it will soon discover that it has more than enough resources to prosper the country irrespective of oil prices.

Listening to Nigeria Info this morning, a caller lamented where 'all the money at government's disposal was going'. No subsidy payments, cannot pay salaries properly, is not executing meaningful capital projects, and has barely passed the 30 percent mark in budget execution and yet has borrowed huge amounts (4.5 trillion), has recovered loot and has plugged leakages of all kinds and I said,

There are hidden costs that are not budgetted which this government is spending heavily on: Miscellaneous internal conflicts. Obasanjo met a lower oil price and a worse debt portfolio yet we did not see these massive currency devaluations and economic turbulence in the transition from Abdulsalami to his government.

This government has just got to focus on the big picture, get a fire extinguisher and stop chasing rats. If it reacts to everything PDP, Ipob, MEND and whatever ae doing in these knee jerk manner, it will break this country and spill the tonic that holds the key to its health and prosperity going forward. It is very disapointing indeed.
Re: Naira Falls As Dollar Scarcity Worsens by Luchiana1(f): 1:06am On Dec 18, 2016
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Re: Naira Falls As Dollar Scarcity Worsens by myleadmsn: 4:34am On Dec 18, 2016
This is getting crazy
Re: Naira Falls As Dollar Scarcity Worsens by TheEastActivist: 6:52am On Dec 18, 2016
ThumbzTNA:
where are deastactivist and theeastactivist
Present sire cheesy
Re: Naira Falls As Dollar Scarcity Worsens by plaetton: 2:10pm On Dec 18, 2016
Reference:
The quality of government is indirectly proportional to the number and intensity of conflicts of whatever kind. It is one of the basis I personally rate leadership and that is why the Yaradua government and the Jonathan government rate higher in my opinion. When you look at the prosperity index of countries all over the world you can correlate them with peace and progress. Let us look at them side by side:

The United States with Mexico. One deals with crime equitably across the political divide, the other murders its criminal citizens while protecting its criminal officials.
Singapore with The Philippines. One treats its religious and ethnic diversity equitably, the other excludes its minorities and has been fighting insurgent wars for decades.
In Africa, the fastest growing economy is Rwanda, that has dealt with its civil war past and respects its citizens who were once called cockroaches.

On the other hand President Assad is winning the war against his own people, crushing them with foreign backed might and brutality. He will win the battle but will lose the war. You donot need a crystal ball to tell you that mass poverty and famine awaits Syria in the decades to come. You donot need a guru to tell you that starvation, not rebellion will put an end to Assad's regime. If you were an investor, whether local or foreign, will you put your money in Syria, no. So political stability by coercion is not a ticket to prosperity but disaster. Rather a negotiated settlement, social justice and the respect for all peoples is the only way to development.

The quality of leadership is thus in the ability to settle conflicts and keep your citizens satisfied and happy. That is the yardstick I use to rate leadership and since this democratic dispensation, Jonathan remains 1, Yaradua 2, Obasanjo 3, and Buhari 4. It is no surprise that the historical state of the economy follows this rating.

If this government can sort out its numerous political, sectional, religious wars it is fighting and igniting all over the place, it will soon discover that it has more than enough resources to prosper the country irrespective of oil prices.

Listening to Nigeria Info this morning, a caller lamented where 'all the money at government's disposal was going'. No subsidy payments, cannot pay salaries properly, is not executing meaningful capital projects, and has barely passed the 30 percent mark in budget execution and yet has borrowed huge amounts (4.5 trillion), has recovered loot and has plugged leakages of all kinds and I said,

There are hidden costs that are not budgetted which this government is spending heavily on: Miscellaneous internal conflicts. Obasanjo met a lower oil price and a worse debt portfolio yet we did not see these massive currency devaluations and economic turbulence in the transition from Abdulsalami to his government.

This government has just got to focus on the big picture, get a fire extinguisher and stop chasing rats. If it reacts to everything PDP, Ipob, MEND and whatever ae doing in these knee jerk manner, it will break this country and spill the tonic that holds the key to its health and prosperity going forward. It is very disapointing indeed.

@op
I was greatly enjoying your post, and still enjoyed and agreed with you , until you brought Syria and Assad into the mix.
That was a bad idea, and you were wrong. You presented the matter upside down.

In mentioning Assad and Syria, you sounded like a CNN echo chamber. That was pathetic.

I need to remind you that prior to US, Saudi Arabia and Israeli intervention in Syria to oust Assad, by training, Arming and funding Islamo-terrorists calling themselves Al-Nusra, Syrian opposition, moderate opposition ( whatever the fxxx that means) , that Syria was an exemplary bastion of religious tolerance, peace, progress and prosperity,..all under Assad.
Pls Do Not Ever Forget That.

And yes, of course, Syria would never be the same again.
That was the whole intention of US and it's allies; to oust Assad and make Syria into another Failed state, like Libya.

Libya , before and after US /Western intervention is still fresh on our minds.

Remember that old CNN song ?
" Look , Gaddafi is killing his own people, we must intervene for humanitarian reasons " .
Look at Libya today. undecided

And right after Libya, it's " look, Assad is massacring his own people ".
All from the same imperialist playbook: Divide and conquer. undecided

Therefore, Any sensible person should feel insulted when they hear the same song from the same old " Regime Change " playbook.

N:B
I didn't mean to derail this very good thread.
I just had to put the records straight.

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Re: Naira Falls As Dollar Scarcity Worsens by olisaEze(m): 6:43am On Dec 19, 2016
Just30:
guy it's not popular no one have heard of them and to be ft rank, Ghanaians already earn 30% on their investments with legitimate banks

Actually that's how mmm usually starts up in all the places they've been. It never starts with fanfare, as they only rely on their members to advertise for them. Mmm Ghana started on the 1st of Nov 2016, and no matter how much Ghanaians earn, 30% on investments is not per month. Moreover, there will always be people who the lure of quick and easy cash will hook.

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