seguno2:


How else do you think that they can be gotten rid of?
What are you doing in line with your own thinking about how to get rid of them?
Thanks.

Barzinime:
The question is who are we getting rid of? The President & Vice? The Non-Performing Governors that blame the Presidency for everything and money is being allocated to them to work on their respective state? Our Senators & House of Reps Member who virtually do nothing and are on massive payroll but wont pass budget cos there is no Ghana must Go to accompany it? down to the state house of assembly and local govt Chairmen......So i am asking you now, Why are we going for the Top officials that we cant reach and leave the ones that we can easily get access to....We should start from the grassroots and make our anger known and not shouting Buhari this Buhari that, what are all the so called useless Governors like Fayose done for their state, but he knows how to blame Buhari....if you like bring Jesus Christ from Heaven in as mush as all this canker-worms are still under him, they will sabotage his Government and it will amass to nothing

Admin401:


No human can fix Nigeria. I repeat, NO HUMAN!!!

AZeD1:

Stop misinforming people.
Foreign reserves is basically the money government has to pay for imports(liabilities). Has nothing to do with stability of a currency.

damn!! your ignorance

External reserve does not mean anything.

(1) The monies in the foreign reserve include the ones from debts(BONDS AND TREASURY BILLS) that are foreign currency denominated.

Treasury bills forex denominated?

(2) The foreign currency remittances from Nigerians abroad.

(3)The difference between the oil benchmark and the oil price.

What then is in your ECA?

4Play:
If you have sound macro-economic fundamentals (low inflation, high GDP growth, export growth and high FDI inflows), then forex reserves are a sign of strength. However, in Nigeria's case, the increasing forex reserves are largely to do with the recovery in oil prices and, more importantly, the depreciation of the Naira from circa N155 to $1 to N360 to $1. The latter acted as a curb on imports by reducing the purchasing power of the average Nigerian, whilst the recovery in oil prices allowed the CBN to replenish the reserves. This is why the comparison between now and the GEJ era is ignorant - you are comparing levels of forex reserves at vastly different exchange rates.

The example I have often cited before is the Abacha era when forex reserves increased from $500m to $7bn at one point (an increase of 1300%). This wasn't because of sound economic policies. This was largely due to the collapse in the Naira as we went from N22 to $1 to N85 to $1. This curbed imports and helped replenish the reserves. Put simply, you can save money by starving yourself (arguably starvation to death saves money) but that is not living. Policies which cause the collapse of the Naira and significantly reduce living standards do not become vindicated because of an uninformed fixation with forex reserves.

It's debates like these that illustrate that the Nigeria's problem isn't solely about the quality of political leadership but is also about a hopelessly uninformed electorate. To celebrate forex reserves against a backdrop of collapse in both living standards and the purchasing power of the average Nigerian is a celebration of abject ignorance.

jpphilips:


damn!! your ignorance

Ugosample:

Of course yes!