CSTR2:
In four years time, we will gauge the extent of economic damage this govt will have inflicted on this country.

we'll remember you

Trailblazer1:


Ngozi Okonjo Iweala deserves to be celebrated for keeping us afloat all these years. she is indeed a rare gem

regardless of her haters from some bigoted sect. she is our hero

you too

baby124:

Thanks, well I was right. 20bn in 5yrs vs 60bn from 1960 - 2009.

Maybe Yes...maybe Not...Check details again ...Notwithstanding already paid back loans and debt forgiveness of past regime...Consider what percentage of those belong to states too...Note finally, it was between 2007-2015...thanks

Every aspect must be improved.
Education, to prevent capital flight.

Nollywood, to encourage investment and potential flush the economy with cash. Our movies are valued around the world. We should also place high value on protecting intellectual property. I

Paying professionals like Doctors Well, and requiring a higher standard in the health sector to make this country a destination for medical tourism.

Protecting our natural resources with severe consequences for saboteurs.

Providin subsidies to farmers and encouraging young entrepreneurs to go into farming.

Empowering our financial sector and putting policies in place to make sure we become a financial market giant in the continent.

Revamping Labor laws and enforcing that companies have at least a 90% Nigerian staff and at least 50% upper management

And then propaganda, propaganda, propaganda! To help improve morale of the citizens and help restore pride in their country. This can only work if there is an enabling environment of course. One of our greatest resources is our population, we should use it wisely and investors will run mad to invest when we have the money to spend. This also creates a potential manufacturing powerhouse that can boost the country drastically over a few years.

CSTR2:
I am sure the Nigerian economy is better than Thailand, malaysia and singapore, who are soaring in the J.P morgan listings and would do anything to remain there.
Zombie.

don't mind them. they want to quickly hammer on our head through forex cos cbn gov who I insult on daily basis is making life equally difficult for them to enter us as it is difficult for us to change money

baby124:
Every aspect must be improved.
Education, to prevent capital flight.

Nollywood, to encourage investment and potential flush the economy with cash. Our movies are values around the world. We should also place high value on protecting intellectual property.

Paying professionals like Doctors Well, and requiring a higher standard in the health sector to make this country a destination for medical tourism.

Protecting our natural resources with severe consequences for saboteurs.

Providin subsidies to farmers and encouraging young entrepreneurs to go into farming.

Empowering our financial sector and putting policies in place to make sure we become a financial market giant in the continent.

Revamping Labor laws and enforcing that companies have at least a 90% Nigerian staff and at least 50% upper management

And then propaganda, propaganda, propaganda! To help improve morale of the citizens and help restore pride in their country. This can only work if there is an enabling environment of course

mscheww.
There is nothing there that jonathan did not do except maybe second to the last one which was more or less represented in the local content initiative.
Do you think the J.P morgan listing of Nigeria in the first place for the first time in our history came out of thin air?

Whynotthetruth:


Maybe Yes...maybe Not...Check details again ...Notwithstanding already paid back loans and debt forgiveness of past regime...Consider what percentage of those belong to states too...Note finally, it was between 2007-2015...thanks

Our states are absolutely ridiculous with how they approve outrageous loans for themselves. Something has to be done about that. They must be able to defend their loan request to Nigerians with some guarantee of pay back, and certain consequences for contractors and the governors who take out the debt

Dangote investments across Africa is a good start. We should not be held hostage by an American company. Don't devalue the Naira. Expand the AFDB and join the new bank created by the BRICS nations.

ilenaira:


Thank you ojare. After getting to hell, they should take their listing, set it alight and shove it up their jacksie ontop.

As if they've ever acted in our best interest. Vultures.

Another willfully ignorant basking in the euphoria of sophisticated idiocy from his bottomless abode of misinformation

baby124:

Our states are absolutely ridiculous with how they approve outrageous loans for themselves. Something has to be done about that. They must be able to defend their loan request to Nigerians with some guarantee of pay back, and certain consequences for contractors and the governors who take out the debt

Unfortunately, even buhari isn't sincere in this...He had to compensate Oshiomole who has less than 6months left as governor with $75million foreign loan amidst this analogue CBN dollar policy that's killing SME's...

And granted bailout to governors who are mostly APC without ascertaining why some of them especially those in 2nd term were in such financial mess when some are doing very well with no debts at all....Isn't it sort of rewarding thieves with more incentives?...Isn't it encouraging profligacy & treasury looting?...Did he put any measure to check abuse of such bailout like they did previous allocations?...NONE... Maybe because he benefited from such looting through his campaign funding by them

ohenhen1:
Dangote investments across Africa is a good start. We should not be held hostage by an American company. Don't devalue the Naira. Expand the AFDB and join the new bank created by the BRICS nations.

it makes no difference!it is a fund!
you draw from it or parties access a fund,you must pay interest on the fund or the fund raisers give condition for them to allow you to use the fund.if your RATINGS DIPP the members monitoring the fund will take actions to protect the future of the fund from failing!
so if African nations or members of the afdb fund. are running their ratings in the red.The AFDB actions will be in the line of j.p. Morgan or like Germany of the e.u(unless if it wants to run into bankruptcy).
devaluation is something the CBN and the national economy works ecojomy .if it inevitable they make the decision!

adconline:

Another willfully ignorant basking in the euphoria of sophisticated idiocy from his bottomless abode of misinformation

Kai! My brother, abeg na night school I been go. Please break it down for me in simple village English. I suggest for your own sake to keep it simple though, stupi.d!

Rubbish JPmorgan my foot,from what i am reading JPmorgan,is saying they are losing control of Nigerian index so they are opting out,Mrs Havard sold us into slavery of western financial institution.please remind me what do we need JP morgan's rating for,if not to borrow money.i ask does Nigeria need debt and the answer is in the negative,Mrs Havard seat on the largest revenue Nigeria every made in its life,but miraculously ended up with the lowest savings ever and the highest borrowing ever.so the question remains what happen to all the money?

SenseiX:
Brace yourselves welfare seeking Nigerians, tough times are ahead.
The economy is heading for a recession by the last quarter of the year and if Iran is allowed to release more oil into the already over saturated oil market, oil price might even fall below $40.....
In the midst of all this, the country is yet to get an economic Marshall plan and even an economic team.
Okonjo Iweala's tireless efforts placed the Nigerian economy on a pedestal, kept us at constant 7% growth, single digit inflation, got us into the bond index etc while Bubu's body language or is it body odour has got us here.

asha80:
I hope you wil also buy made in nnewi products...it is easy to mouth off these things

i will buy it....and if nnewi products,is not good enough for me,i will go to nnewis neighbor to buy what i need....i just care about from who i buy from is black like me,....((mother must be black and father must be black like me.))..............simple...

adconline:

Another willfully ignorant basking in the euphoria of sophisticated idiocy from his bottomless abode of misinformation

You are one hell of a stupid mofo. Why don't you emotional idiots stay away from a subject you don't understand?

Gosh!!!

Yeye zoological republic of Nigeria. Ordinary economics, una, mumu no know. Una de form policy makers. mchew!!!!

Image123:

For what exactly? What happened to NEC and FEC and the Federal ministry of finance? Did we die before 2012 that we were not listed with JP Morgan?

Thank you

First, the stock market, now THIS. So one should do something, really fast or jobs are gonna be lost and it won't be in our best interest as a nation.

seunmsg:
JP Morgan should go to hell with their bond listing. We can't continue to hurt our local currency because we want to meet their listing conditions. The crash of crude oil price is seriously affecting our economy and they want us to do nothing to protect our naira.

Beside, Nigeria's financial sector is big enough to maintain the trade of FG's bond.

You are a SHAME to your parents (THAT IS IF THEY SENT YOU TO SCHOOL)...You think economic talk is SAI BUHARI talk? Daura Cow!!

ibedun:


You are one hell of a stupid mofo. Why don't you emotional idiots stay away from a subject you don't understand?

Gosh!!!

Stupidity inked on ur encephalon. This topic is above your intellectual grade... You haven't made any intellectual discussion.. You are trolling on tribalistic issues.. You don't know the diff macro and micro issues.. Fiscal and physical will always be a puzzle to u without Google. Go play somewhere!!

you know what this means, less FDI into NIGERIA, less investment, stagnant economy. jp morgan was complaining about lack of liquidity. If an investor who put in $1m in the economy, whenever he wants out, he cannot because there is no money in the system. So, chances of not getting back his money are high, that means nigeria has become a high risk to investors, hence the withdrawal.

Tough times ahead indeed. In simple term, nigeria is broke. In simple language, i borrow you $1000, when i want it back, you cannot pay me back because you have no money. Chances of me not getting my money back are high. So, while you owe me some money, should i continue borrow you money? Noo, then i decide not to lend you money any more. Then where do you borrow money? Someone who will be willing to borrow you money, will put more interest on that bond, that means it will be more expensive for nigeria to borrow.

SenseiX:
Brace yourselves welfare seeking Nigerians, tough times are ahead.
The economy is heading for a recession by the last quarter of the year and if Iran is allowed to release more oil into the already over saturated oil market, oil price might even fall below $40.....
In the midst of all this, the country is yet to get an economic Marshall plan and even an economic team.
Okonjo Iweala's tireless efforts placed the Nigerian economy on a pedestal, kept us at constant 7% growth, single digit inflation, got us into the bond index etc while Bubu's body language or is it body odour has got us here.

Buhari's body odor, sorry, language is surely having an impact.

seunmsg:



Worship her as much as you like, but the facts remains that her poor handling of the nation's economy got us to where we are today. If she had intelligently prepared the nation for a period of lower crude oil prices like we are experiencing today, maybe we won't be in this mess. And please, read the story very well. Nigeria was placed on the index watch in January this year when Ngozi Okonjo Iweala was the Minister of finance. The process of Nigeria's delisting which started under her in January is just about being concluded now. What the PMB government is doing is to clear the mess she and your GEJ created.

It's either you are myopic or you simply choose to be living in fools paradise

Up APC!!!

Change is HERE!!!!!!!

AREWA-ODUDUWA GOVERNMENT OF GLOOOOM AND DOOOOOOOOM!!!!!

adconline:

Another APC brigand who doesn't know the difference between physical and fiscal.. Go and binge on ur delusional cocktail

Your middle name is poverty, you can continue wailing with your Retarded life to Hell...Who cares!

Animal in human skin!

seunmsg:
JP Morgan should go to hell with their bond listing. We can't continue to hurt our local currency because we want to meet their listing conditions. The crash of crude oil price is seriously affecting our economy and they want us to do nothing to protect our naira.

Beside, Nigeria's financial sector is big enough to maintain the trade of FG's bond.

Are u related to PMB or are you from Daura?

14:
you know what this means, less FDI into NIGERIA, less investment, stagnant economy. jp morgan was complaining about lack of liquidity. If an investor who put in $1m in the economy, whenever he wants out, he cannot because there is no money in the system. So, chances of not getting back his money are high, that means nigeria has become a high risk to investors, hence the withdrawal.

Tough times ahead indeed. In simple term, nigeria is broke. In simple language, i borrow you $1000, when i want it back, you cannot pay me back because you have no money. Chances of me not getting my money back are high. So, while you owe me some money, should i continue borrow you money? Noo, then i decide not to lend you money any more. Then where do you borrow money? Someone who will be willing to borrow you money, will put more interest on that bond, that means it will be more expensive for nigeria to borrow.

It's not by force to borrow, the one we borrow never do?

Image123:

It's not by force to borrow, the one we borrow never do?

Nigeria is forced to borrow as long as it remains imports sector based!

can some1 explain why I can't log in to the okonjo thread?

baralatie:

Nigeria is forced to borrow as long as it remains imports sector based!


can some1 explain why I can't log in to the okonjo thread?

Nigeria is not forced to borrow. And if we need to, we will definitely find a good deal.

Image123:


Nigeria is not forced to borrow. And if we need to, we will definitely find a good deal.

do the analysis! we have to bprrow
it may not necessarily be from foreign accounts but it is unavoidable

seunmsg:
JP Morgan should go to hell with their bond listing. We can't continue to hurt our local currency because we want to meet their listing conditions. The crash of crude oil price is seriously affecting our economy and they want us to do nothing to protect our naira.

Beside, Nigeria's financial sector is big enough to maintain the trade of FG's bond.

seunmsg:



Worship her as much as you like, but the facts remains that her poor handling of the nation's economy got us to where we are today. If she had intelligently prepared the nation for a period of lower crude oil prices like we are experiencing today, maybe we won't be in this mess. And please, read the story very well. Nigeria was placed on the index watch in January this year when Ngozi Okonjo Iweala was the Minister of finance. The process of Nigeria's delisting which started under her in January is just about being concluded now. What the PMB government is doing is to clear the mess she and your GEJ created.

superstar1:
We shall weather the storm.

We will emerge stronger.

China did not participate in the derivatives market for years. They were driven by need to curb corruption and do things that only benefits their country.

That is the right way to go. It gives us the opportunity to strengthen our bond with more local content than foreign investors that can easily call back their funds at any point in time. Thereby immunising our economy from capital flight and sabotage.

We will only do things that will benefit our people and country. They will come back to beg us.

Ladies and gentlemen, everybody, I hope you can all witness the intense myopia of Buhari's sycophants and the rubbish they had to say when Nigeria was given the first warning.

When we were warned of our impending doom the economic illiterates kept talking garbage. They even told JP Morgan to "go to hell".

Today, in the face of hardship, they're blaming Jonathan.

Sycophancy will destroy Nigeria. What a mess!

cc: Sunnyb0b0, Oladd, Anonimi, Jarus, MzMyColi, MizMyColi, Homesteady, SeverusSnape, DickDastardly, Tit, Jmoore.