Simply because odumeje (indabosky) travelled out

EmeeNaka:
This one is Naira appreciation through bullying.

my brother

kk2027:
Except we go from consumption to production, make we just dey play

Let's keep teaching Peter Obi a lesson

Who de hol You
Produce na

CodeTemplar:
stop talking off point. If the govt can't run business or supervise those who run one, how will the govt run itself?
This theory about govt not being able to run a business is from idiots close to seat of power who want to buy the country with what they have taken from it. That's why you see them using fronts to buy all privatized sectors and still can't run them. They cry about subsidy. Subsidy is not an issue if the govt buys directly from them at a profit and sells at loss. They want killer profit in exchange for shitty service they provide or all the money in the world for a normal service. Govt around the world do own and run businesses and ours shouldn't be an exception.

Very few government around d world have been able to be exceptional players in either d upstream midstream or downstream sector.such government is petronas malaysis,petrobras ,BP n china own version of Noc.Ur Nigerian government has never been disciplined enough to run such business since time memorial.Incase u dnt know, Nigeria is a case study in Government run NOC failing again n again.Dangote refinery is poised to succeed becos their prerogative is solely interest n profit.This is never same wit government.NNPC for example needs to loose half it staff for it to hav a chance...as most people there hav no business being in d oil n gas business.I am an MSC student of Oil n gas with Energy management

CheapHomes1:


if Government has no business running refineries, who runs the refineries in Saudi Arabi and Qatar?

Forget these people, they think everyone is unexposed and dull so they can easily deceive people with these IMF inspired lines. That's how they keep shouting that government has no business running the aviation sector, yet some of the best airlines ever are run by national governments, look at emirates, British, Ethiopian, Qatar, air France etc
They also said same of telecoms, power supply, water supply, education etc yet every country I know of has one form of government run business in those mentioned sectors that are doing extremely well, and serving it's purpose for which it was created excellently.
Just look at British telecom, telecoms malaysia, who do you think owns all those nuclear power plants and massive transmission lines that you see in the western countries, all government owned, some of the most prestigious universities and research centers out there are government owned, some of the largest companies in the world like royal Dutch shell, deustch post, saudi aramco, qatar investment corporation etc are all government owned.
Yet for some reason, we keep falling into the same lie that government cannot run business, and thus end up selling off some of our most critical public assets that should never be allowed into private hands in the first place. Imagine what we would have been if we refused to allow nitel die off, or Nigeria airways, Nigeria textiles limited, all of our four refineries and depos, etc but instead maintained them, revived and upgraded them and running them efficiently as is done with government owned businneses all over the world. Imagine if we refuse to remove subsidy as no country on earth does that, not even the most capitalist country in the world practices complete subsidy removal on things like fuel, power, agriculture, education etc they all have one form of subsidy or the other

Yet, some economic hitman will come and tell you to completely deregulate your economy by privatizing everything, or that you should delay building what I consider the most important national project that nigeria can ever undertake, the 3050megawatt mambilla hydroelectric power plant. Why refuse building it because of a mere court case on it? Did Ethiopia not build there 6000megawatt dam even though neighboring countries were threatening to bomb them for building it on the river Nile? Why accept to delay our own dam because of a court case? No country can be run on generators, it has to be publicly supplied power supply, most countries have a national career for a reason but we killed ours, we killed our own national telephone and landline infrastructure, then handed everything over to private sector who runs everything wirelessly, and this has national security implications.

Another thing is to stop falling for the trick that Nigeria is a consuming nation, and that we don't produce enough. This is a lie to continue using to artificially keep the naira valueless, that way, they can continue using there ill gotten forex from nnpc and customs to afford luxuries for dirt cheap prices while still enslaving you with dirt poor pay. No country in africa except maybe South Africa produces so much goods and services like Nigeria. Where do you think all those Maggie, cement, noodles, sugar, pharmaceutical drugs, pampers, rubber shoes, plastic chairs, tiles, ceramics, aluminium and iron rods, rice, tons of soft drinks, beer, animal feed, butter, sachet tomatoes, and so much more. Where do you think they are all made? Nigeria is one giant industrial layout manufacturing one product or the other in every corner of Nigeria, yet they will tell you that we consume too much without producing anything. All they have to do is just nairarize our economy, same as what Russia did by simply demanding that foreign buyers of Nigerian products buy it in naira, and you should know that Nigerian products are in high demand in west and central Africa, from our movies to our soft drinks to our clothing and even the simple rubber slippers that you see in the market sold for 300 naira are hot cakes in those our francophone neighbors. Demanding naira for our products will force the buyers to come with their forex and buy naira from our banks, this will inturn create huge demand for naira, thus raising the value significantly. The naira can easily go for 100 naira to a dollar in that scenario , and people can go back to affording the luxuries of life again like we used to with a strong currency.
Anyway, this is a piece of my mind. Rant over.

SenecaTheYonger:


How will you implement this? You guys always reason like Buhari, forgetting that the so called black market also has its advantage. How will diasporans get naira when they come to Nigeria? Through Banks? They will need a dom account for that. And if you're hoping for banks to exchange it over the counter, you've just created another black market, but this time you've given power to the banks.

obviously you ve not set a foot outside the shores of Nigeria for asking this kind of question.
Av u hearf of any Blackmarket in UK,usa ,Brazil?it's only dysfunctional countries like Nigeria, Ghana, Egypt etc that allow a black market to thrive,they are nothing but economy saboteurs.

masseratti:
obviously you ve not set a foot outside the shores of Nigeria for asking this kind of question.
Av u hearf of any Blackmarket in UK,usa ,Brazil?it's only dysfunctional countries like Nigeria, Ghana, Egypt etc that allow a black market to thrive,they are nothing but economy saboteurs.

So Brazil don’t have Blackmarket yet their currency is still worse than ours. This is $100 in Brazil compared to Naira.

I would have thought their currency be better. Almost 140k for $100 in Brazil. It’s not even up to that amount in Nigeria.

Wimkeh:


So Brazil don’t have Blackmarket yet their currency is still worse than ours. This is $100 in Brazil compared to Naira.

I would have thought their currency be better. Almost 140k for $100 in Brazil. It’s not even up to that amount in Nigeria.

so for your village 136k to a $ is stronger than 400 Brazil money to a $...abeg stop quoting me I don't convo with semi illiterates.

Wimkeh:


So Brazil don’t have Blackmarket yet their currency is still worse than ours. This is $100 in Brazil compared to Naira.

I would have thought their currency be better. Almost 140k for $100 in Brazil. It’s not even up to that amount in Nigeria.

oga you are ignored..I don't convo with semi illiterates.