politricks:
These people should let me hear word. What did NOI the 'political heavyweight' and 'experienced' woman did to our economy except blowing grammar and dishing out statistical lies from God knows where. NOI made us think our economy is like barcelona when in actual sense it's like Chelsea all in a bid to give the impression that we are doing fine while carting away our money. Only a fool tries the same thing everytime and expects different result. Let us give this woman a chance oun no o ni fe te.

voltron:


..indeed welcome back.. was wondering if the strange political environment following PMB's ascension and the suspense-filled weeks that followed had put @gbawe in a coma.. but dude was working up to his return to NL

sam90s:


If you're referring to the 'just-sworn-in' ministers, tell me how do you judge someone who is yet to start work?

Acidosis:
Some inferiority-complex infested gworo eaters were probably 'wow-ed' by her ability to speak like the Brits.

If we must face the fact, Adeosun, experience and intelligent-wise, is not better than Mr. J.arus on Nairaland.

awesome11:


You are the simpleton for swallowing those thoughts hook, line and sinker just because it is Forbes'. Someone made a wrong observation about your home and you took it just like that! You surely must have a brain that is too scared to think!


By the way, I've seen enough Forbes' ratings to be convinced they could be high on Osogbo weed when they do their reportings at times!

chrisbaba1:
[size=13pt]I am a staunch supporter of APC and an Ogun son, Kemi Adeosun is totally unfit for that position, anyone who follows Ogun holistically will know she is merely a political selection nominated by the state governor, nothing else. And it saddens me because the position she holds will make or break this tenure. The people living in Ogun state can attest to the economic woes of the state, it is non contestable, non of her "economic plans" worked, so if she couldn't help the state, how will she help the country? Productivity is what we need backed up by a productive antecedent, not british english.[/size] who would u hv preferred?

grandstar:
Frankly speaking, I don't think this government has anything to offer economy wise. It is instinctively anti-market and does nopt take any cues from market signals.

The foreign exchange controls are already having devastating effects on the manufacturing and commercial sectors. This has led to a motre than 10% disparity between the official and parallel market. It should never be more than 3% or you encourage round tripping as its happening now.

Banning 40 products from the forex market was an extremely amateurish attempt to preserve foreign exchange.

The best way of managing forex is by liberalizing and deregulating the forex market.

If the demand for imports is quite strong, your currency loses value and makes imports more expensive and less affordable.

As your currency weakens,it makes your exports more competitive encouraging exporters to sell more and earn foreign exchange. It counterbalances

Buhari won't last more than a term. These businessmen are not smiling. In 2019, they will come to settle scores.

politricks:
These people should let me hear word. What did NOI the 'political heavyweight' and 'experienced' woman did to our economy except blowing grammar and dishing out statistical lies from God knows where. NOI made us think our economy is like barcelona when in actual sense it's like Chelsea all in a bid to give the impression that we are doing fine while carting away our money. Only a fool tries the same thing everytime and expects different result. Let us give this woman a chance oun no o ni fe te.

Johnpaul2k2:
This Position is solely for the Educated Region ..............SOUTH EAST

South West and Miscalculations oooooooo

I pray it wouldn't happen to her

Bizibi:
no need to conclude yet,by the end of next year,many bizmen will know were we are heading,everyone is watching for now......honestly things are really hard now but we just hope it doesn't continue till may or June because it won't be funny.....

politricks:
These people should let me hear word. What did NOI the 'political heavyweight' and 'experienced' woman did to our economy except blowing grammar and dishing out statistical lies from God knows where. NOI made us think our economy is like barcelona when in actual sense it's like Chelsea all in a bid to give the impression that we are doing fine while carting away our money. Only a fool tries the same thing everytime and expects different result. Let us give this woman a chance oun no o ni fe te.

sam90s:


Journalism these days focuses more on opinion piece(not necessarily a bad thing), but in the wrong hand, it might turn out to be a beer parlour gist. After reading this one, I think the author should kindly 'gehrahrah-hare-man' if you know what I'm saying!

frodobee:




http://www.forbes.com/sites/peteguest/2015/11/11/nigerias-cabinet-kemi-adeosun-tasked-with-fixing-africas-largest-economy/2/

grandstar:


Your comment has been the most objective! Really matured comment. Most people are too blinded by politics to be constructive.

Its still early days but they say the morning shows the day. Lets watch!

grandstar:
Frankly speaking, I don't think this government has anything to offer economy wise. It is instinctively anti-market and does nopt take any cues from market signals.

The foreign exchange controls are already having devastating effects on the manufacturing and commercial sectors. This has led to a motre than 10% disparity between the official and parallel market. It should never be more than 3% or you encourage round tripping as its happening now.

Banning 40 products from the forex market was an extremely amateurish attempt to preserve foreign exchange.

The best way of managing forex is by liberalizing and deregulating the forex market.

If the demand for imports is quite strong, your currency loses value and makes imports more expensive and less affordable.

As your currency weakens,it makes your exports more competitive encouraging exporters to sell more and earn foreign exchange. It counterbalances

Buhari won't last more than a term. These businessmen are not smiling. In 2019, they will come to settle scores.

samobaba:
THE WOMAN WILL SO SURPRISE ALL YOU DOUBTING THOMAS'S. THIS WOMAN IS WORKAHOLIC, A CHRISTIAN, SOMEONE WITH VERY HIGH INTEGRITY, AND IF YOU HAVE SEEN HER THESIS ON SMALL SCALE BUSINESS DEVELOPMENT IN NIGERIA, YOU WILL BELIEVE THERE IS NO OTHER BETTER PERSON IN THIS PRESENT ECONOMICS GRIDLOCK OTHER THAN MRS. ADEOSUN TO TAKE NIGERIA FINANCES OUT OF THIS PRESENT SITUATION THE SO CALLED HEAVY WEIGHT AND POLITICALLY CONNECTED NOI PUT NIGERIA. ASK OGUN STATE HOW THIS WOMAN IMPROVE OGUN STATE MONTHLY REVENUE FROM N750 MILLION TO N6 BILLION PER MONTH.


INDEED SHE IS A ROUND PEG IN A ROUND HOLE.

Acidosis:


Kindly point out one wrong info about that write-up

rildwanullahi:
could you please explain round tripping to me

frodobee:




http://www.forbes.com/sites/peteguest/2015/11/11/nigerias-cabinet-kemi-adeosun-tasked-with-fixing-africas-largest-economy/2/

grandstar:


The West has nothing to do with this. Please be constructive. 1 + 1 will always be 2 whether the West exist or not.

The Euro has even lost about 15% of its value against the Dollar. Even the West devalue. Japan even wants its currency to be weak so as to boost exports.

The country has no choice but to devalue! All oil exporting countries have done so due to dwindling foreign reserves. You have to face reality

jomoh:


How many time do u think we have to devalue before we can say enough is enough? Tell me. Cos we already devalued like 2times already and no significant impact.

Only a fool will keep doing the same thing and expect a different result.

Because India did it and failed. Does it make it a textbook thing that it will always fail.

Try and think outside the box sometimes. 1+1 is not always 2 when you're talking about economics.

grandstar:


This is when you buy foreign exchange at the official rate for the sole purpose of selling it at the parrellel market.

This is prevalent when the difference between the 2 raters are high.

For instance, the official rate is 197 and the parallel rate is 225. Well connected insiders will simply buy at the official rate and sell at the other rate. This creates a privilege class of buyers.

For instance, if you use your naira debit card to buy something online, the banks charge you at the parallel rate i.e $100 for 22,500. If you return the product the bank pays you at the official rate i.e.$100 -19,700.

grandstar:


This is when you buy foreign exchange at the official rate for the sole purpose of selling it at the parrellel market.

This is prevalent when the difference between the 2 raters are high.

For instance, the official rate is 197 and the parallel rate is 225. Well connected insiders will simply buy at the official rate and sell at the other rate. This creates a privilege class of buyers.

For instance, if you use your naira debit card to buy something online, the banks charge you at the parallel rate i.e $100 for 22,500. If you return the product the bank pays you at the official rate i.e.$100 -19,700.

grandstar:


The disparity in the exchange rate and refusal to devalue is already devastating manufacturers.

So not devaluing is worse. Sanusi who refused to devalue during his time has even urged the FG to face reality. wake up and smell the coffee!

PointB:


This just about summarised the article.

The duara dullard is aka Baba Go-Slow.

He's slowness in thinking, and acting exacerbate the situation, now he has to do catch up.

However one thing the Forbes article failed to mention is the much touted talk of diversifying the economy. One would have thought that attention and effort would be given to the agricultural ministry in the form of an energetic and dynamic minister like the last occupant of that very strategic ministry. But what do we have? A 68 old career politician - Audu Ogbeh!

samobaba:
THE WOMAN WILL SO SURPRISE ALL YOU DOUBTING THOMAS'S. THIS WOMAN IS WORKAHOLIC, A CHRISTIAN, SOMEONE WITH VERY HIGH INTEGRITY, AND IF YOU HAVE SEEN HER THESIS ON SMALL SCALE BUSINESS DEVELOPMENT IN NIGERIA, YOU WILL BELIEVE THERE IS NO OTHER BETTER PERSON IN THIS PRESENT ECONOMICS GRIDLOCK OTHER THAN MRS. ADEOSUN TO TAKE NIGERIA FINANCES OUT OF THIS PRESENT SITUATION THE SO CALLED HEAVY WEIGHT AND POLITICALLY CONNECTED NOI PUT NIGERIA. ASK OGUN STATE HOW THIS WOMAN IMPROVE OGUN STATE MONTHLY REVENUE FROM N750 MILLION TO N6 BILLION PER MONTH.


INDEED SHE IS A ROUND PEG IN A ROUND HOLE.