KINGwax007:
dollar is above $44 already...

I think you may be right.


Now. We shld worry more about why the IMF always want us to devalue our currency while the East are given bail out funds!!!


I hope wailers cld wail for brains/!!

enlightenedmind:


China is not flooding our markets with chinese goods.It means u can go to china with ur naira and chinese can come to Nigeria with their yaun and do trade. It does not affect what we choose to import. It only means that china is a convinient choice because they have made it easier to trade with china.

TPAND:
International intellectuals are strongly advising Nigeria against her economic policies, Buhari and Adeosun are both forming sabi.

mutinationals are downsizing...
Foreign investors are pulling their investments
We are busy signing a malicious sub-standard technology import deal with China.
I can't wait to see the Chinese flood our markets with sub-standard products and services.

TPAND:
International intellectuals are strongly advising Nigeria against her economic policies, Buhari and Adeosun are both forming sabi.

mutinationals are downsizing...
Foreign investors are pulling their investments
We are busy signing a malicious sub-standard technology import deal with China.
I can't wait to see the Chinese flood our markets with sub-standard products and services.

Menzy86:
U obviously dont understand anything about international economics/politics. Are u supporting d idea of an IMF loan/devaluation?

Mrs. Adeosun emphasised that what the country is passing through is surmountable, adding that government is already applying a cocktail of measures to address the problem.

“Nigeria is not sick and even if we are, we have our own local remedy,” the Minister said, in an apparent response to a question on why the government has refused to apply for IMF loans.

TPAND:
International intellectuals are strongly advising Nigeria against her economic policies, Buhari and Adeosun are both forming sabi.

mutinationals are downsizing...
Foreign investors are pulling their investments
We are busy signing a malicious sub-standard technology import deal with China.
I can't wait to see the Chinese flood our markets with sub-standard products and services.

TPAND:
International intellectuals are strongly advising Nigeria against her economic policies, Buhari and Adeosun are both forming sabi.

mutinationals are downsizing...
Foreign investors are pulling their investments
We are busy signing a malicious sub-standard technology import deal with China.
I can't wait to see the Chinese flood our markets with sub-standard products and services.

sweetgala:



It was always going to happen at some stage.
I'm happy S.Arabia and OPEC stood strong in the face of it all, Shale oil which is the real reason for the drop was never really sustainable and the prices have hit a bottom where most of the companies prospecting are not making a profit.

Shale oil reserves are also limited without having to go further down to the earths bedrock

We should see oil prices rebound to 50 BPD soon even if Iran join the fray, the political situation would still mean the uptake would be even across board for OPEC members.

Nigeria has some extremely rich natural gas deposits and that can be a source of wealth for us, LPG is desired for figuring many power stations as the population of Africa increases demand may increase too

modath:


You are the type that loves to hear the sound of his/her voice, so I won't even spend time having unnecessary debate with you.

1. Thanks for "enlightening" us about the Euro, I thought I was talking about the extinct Greek Drachma!!

So there are 19 countries in the Euro-zone? It's a new info, Thanks for curing cancer!

2. Fayose & PDP of course!

3. So bailout is actually not for parry? , I thought IMF loan was a gift, my bad!!!

The ish we see on this NL!! Mtcheew!

Mindfulness:


Another moronic comment.

modath:
IMF should STFU & DISAPPEAR with Greek gift!

The real Greeks have been in worse econoomi doldrums since 2009 .

IMF has never posited devaluation of the Euro to "help" or "rescue" a country who is a few wrong turns away from bankruptcy, rather it's been bail outs after bail outs

http://mobile.nytimes.com/2015/08/15/business/international/eurozone-finance-ministers-greek-bailout.html?referer=&_r=0

http://www.bbc.com/news/world-europe-33905686

http://www.independent.co.uk/news/business/news/greece-back-in-the-firing-line-as-imf-reconsiders-bailout-deal-a6985671.html


Why is IMF's offer for Africans always strictly about DEVALUATION.

http://globalriskinsights.com/2016/02/for-nigeria-and-angola-the-prospect-of-international-loans-offers-a-mixed-blessing/

http://www.bdlive.co.za/africa/africannews/2016/02/02/nigeria-and-angola-may-have-to-devalue-currency

Bailout for Europe, Devaluation for Africa!!

God will direct Bubu, these are perilous & hard times!!

Mindfulness:


First of all, the Euro is - unlike the Naira - the currency of the eurozone (19 countries) and not a single country.
Secondly, Greece has been bailed out by other EU member states. Who is going to bail out Nigeria?
Thirdly, Greece received loans from the IMF.

The comparison was based on your lack of understanding.

sweetgala:


Until you realise most of the high end items , from electronics to clothing, and miscellaneous items are produced in same China.

There is a reason why different grades of items are made in China and it is because manufacture is not regulated, therefore the same station manufacturing an high end product can use substandard materials , poor quality control etc and make a similar product at a cheaper price

LRNZH:
[img]http://media.premiumtimesng.com/wp-content/files/2015/10/800x534x11059726_906130079442335_6353742289630938317_n.jpg.pagespeed.ic.fJwom4ymEo.webp[/img]
Minister of Finance, Kemi Adeosun



http://www.premiumtimesng.com/business/201891-nigeria-dismisses-calls-imf-solution-nigerias-economic-challenges.html

enlightenedmind:


I am saying the loan does not force us to import. It only provides a convinient 'where' IF WE CHOOSE TO IMPORT. So china can regulate the prices of its imported goods in Nigeria. If we decide to import toothpicks, or machinery, we must give the contract to China. Nobody else is allowed to bid. If we decide not to import no problem. But anything we are importing must be from china. As well it will be favourable for Nigerian exporters to ship to china.

Bawsse:
I'm happy that this administration is taking a stand on this... It's our duty as the masses to stand behind them irrespective of ethnic affiliation.

musicwriter:


This's how African leaders should talk to white people. AUTHORITATIVELY!.

You can't believe the panic in IMF and world bank headquarters now that it's clear we will not bulge. And their fear is that "if Nigeria find a way to solve our economic crises, it would become a model for other third world countries" to copy. The years of slavery, colonialism, monkey de work baboon de chop, is over!. For the first time I'm very proud of this woman.

We will solve our problems for and by ourselves.

Fourwinds:
Rubbish ... Since we were with IMF.how had d economy fair.. so we should continue to apply d same method and expect results rite.

Mindfulness:


First of all, the Euro is - unlike the Naira - the currency of the eurozone (19 countries) and not a single country.
Secondly, Greece has been bailed out by other EU member states. Who is going to bail out Nigeria?
Thirdly, Greece received loans from the IMF.

The comparison was based on your lack of understanding.