make una dey deceive us on fictitious reports na d era we dey

We will get there

Sisqoman:
There is still POVERTY!

Poverty still exist in Israel and if you doubt me check FAO data. Miscreant.

How come Nestle products are more expensive?

Irrespective of what the renegades think I still luv My country.
u can go love another man's country. But ask that man if he loves where u come Frm and the answer is no.

Sisqoman:
There is still POVERTY!

All over the world.

Nbote:
Some of una sef.... Bigotry and tribalism won't allow most of u to read, think and reason well... Wen dis govt placed all the needless restrictions on forex in d country , importers and manufacturers were deeply affected as access to forex became a problem. After d CBN and govt succeeded in aiding d collapse of our currency , dey backtracked and removed d same silly restrictions and since den have been pumping forex into d market.. Now manufacturers and importers alike can source forex more easily ... D govt is simply undoing d evil it created...

If u reason well, like u advised, u would have realised that d country wasnt earning any forex as at that period. Oil prices were low, foreign reserves were depleted, no federal allocation for states, both fg n states were owing months of salaries, forex was being demanded for rice/pms n other consumable imports, sabotage of pipelines. Where was govt supposed to generate forex to meet up with demands?

But, d govt has been able to stabilise all these, coupled with a marginal increase in oil prices, is that not enough to congratulate them?

Nbote:
Some of una sef.... Bigotry and tribalism won't allow most of u to read, think and reason well... Wen dis govt placed all the needless restrictions on forex in d country , importers and manufacturers were deeply affected as access to forex became a problem. After d CBN and govt succeeded in aiding d collapse of our currency , dey backtracked and removed d same silly restrictions and since den have been pumping forex into d market.. Now manufacturers and importers alike can source forex more easily ... D govt is simply undoing d evil it created...

Thank you.
Those restrictions literally crippled the economy

Nbote:
Some of una sef.... Bigotry and tribalism won't allow most of u to read, think and reason well... Wen dis govt placed all the needless restrictions on forex in d country , importers and manufacturers were deeply affected as access to forex became a problem. After d CBN and govt succeeded in aiding d collapse of our currency , dey backtracked and removed d same silly restrictions and since den have been pumping forex into d market.. Now manufacturers and importers alike can source forex more easily ... D govt is simply undoing d evil it created...

Actually CBN restrictions are the reason why we still have a working economy.

Just a few facts

1.When CBN brought in the restrictions, oil was below $40 per barrel....meaning that our revenues from oil were at an all time low. (In January 2016 ,oil was even at $29 at one point). And our forex reserves were not growing as a result. We had to save dollars to buffer the naira (so that it did not reach N2000 TO $1)..AND meet vital needs that needed forex.

2.Soludo did the same thing in 2008/9....when there was a drop in oil prcies. Yes, we did not feel it because 1) our external revenues were at $60bn 2)the oil prices at no point then dropped below $60.

3.Our daily forex needs at one point were FAR MORE than our forex earnings.

4.Sure the restrictions had a 'paradoxical' effect of harming manufacturing (and driving away investors because it became difficult to remit dollars from Nigeria). But it prevented us from having a drastic loss in our forex reserves (Nigeria now is at $32bn and rising. Venezuela, who produces MUCH more oil than we do is down to $10bn . Hence the rioting in their streets.).

5.Yes, forex restrictions have been reversed....partially...because oil has somewhat rebounded. But it is not yet uhuru....oil has to go up to $100 and above before Emefiele considers completely removing restrictions (The Emir of Kano, when he was CBN guvnor removed Soludo's restrictions once oil went up to $100 and above in 2010. )

6.CBN has done a good job under the circumstances.Then again, our last 3 CBN governors cut their teeth as young bankers under the same conditions in the 1980's (oil price drop-austerity-SAP).

this is a foolish talk..the most senseless Av read from a person that have brains on his head..wgy are you so all about politics..cant you see anything beyond politics?....under which government did nigeria reversed cement importation?...under which govt. did nigeria witness unprecedented economic growth? under which govt was fight against corruption began through efcc? under which govt did advent of private varsity start..under which govt did automobile plant assembly began.under which govt did our banks became strethened,which govt built multiple power plants across the nation...ma friend if you dont have to do and then waste your time here online creating hatred,desist from it..you need that time for productive reasons instead of blowing trumpets of political parties...grow up!

raker300:
the manufacturing is made by ipob.

Now bury your head in shame

Manufacture of hate and b!gotry? U go and bury ur ign0rant head in the sand.

Agimor:
The manufacturing sector is were the government ought to give out dollar in a subsidies rate. But know, they prefer to subsidies for those going to Mecca for pilgrimage that add no value to the economy.

And jerusalem too.

Jelal0007:
And jerusalem too.

What is the percentage of subvention granted to those going to Jerusalem as compared to those travelling to Mecca/Medina on pilgrimage? The Christian associations want government to hands-off subsidies or grants or waivers in whatever forms.
In states & Abuja all those big churches & camps are built without government subventions.

Gorem2013:
God bless Nigeria. Ipob miscreants will not like this.See as they hide in their holes.

Chest beating for nothing..

Pray we see the economic boom of 2007 and 2008, before you start commending anyone

babaolofin:


What is the percentage of subvention granted to those going to Jerusalem as compared to those travelling to Mecca/Medina on pilgrimage? The Christian associations want government to hands-off subsidies or grants or waivers in whatever forms.
In states & Abuja all those big churches & camps are built without government subventions.

Dude,I'm not interested in arguing religious issues. The advanced world refers 2 dis mentality 'as being in the dark ages'.

Where is the manufacturing coming from? Or you just roll out off hand statistics.