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Nairaland Forum / Nairaland / General / Politics / Buhari's Economic Policies disproportionately affecting Igbos? - Cramjones (16851 Views)
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Re: Buhari's Economic Policies disproportionately affecting Igbos? - Cramjones by vani86: 11:57am On Jan 08, 2016 |
proxillin: i admit that buhari's intentions are for the good of nigeria, i admit the bans, well not really ban but frustration placed on importers of certain product to enable local production to thrive is good. this is where my beef with him is though, you dont wake up 1 morning and start enacting laws and decrees, you dont make financial and economic decisons on a whim, The CBN restricted the availability of dollar in order for the Naira to appreciate against the dollar but so far has it appreciated? No, instead it has been depreciating, for fucccks sake 1 dollar is 250 abi 300 today, this time last year it was 130. The president should have given a time frame for the total restriction of these products, it will enable those who livelihood depend on it to readjust, re -strategise by either starting production or moving on to other products. his policy have killed many businesses, increased unemployment, i bet you those who blindly support buhari have not yet been affected by the hardship the country is going through. 2 Likes |
Re: Buhari's Economic Policies disproportionately affecting Igbos? - Cramjones by paramakina202: 11:57am On Jan 08, 2016 |
mediachirps:You are right,my people are strong headed and seem not to recognise danger even when it stares at their face. 1 Like |
Re: Buhari's Economic Policies disproportionately affecting Igbos? - Cramjones by vani86: 12:02pm On Jan 08, 2016 |
Alwaystruth: on the issue of the oshodi market, do you know every state have a master plan, when el rufai was demolishing mansions in abuja, this was the exact same reaction, today, if you go to anuja, it is very organised and detailed, things are where they should be. there is no revolution without victims, ambode did the right thing, my issue with him is he should have given a notice before the demolition as well as compensation for those shops with the right documentations. 1 Like |
Re: Buhari's Economic Policies disproportionately affecting Igbos? - Cramjones by Mosh1: 12:11pm On Jan 08, 2016 |
Claiming victim`s card as usual,but seriously u guys should stop all these.It has not help and it won`t help you rather with this mindset,you will keep on creating enmity for yourselves.Yoruba hates you,Hausa hates you,Niger-Delta hates you,middle-beltans kill you during biafran....haba!are u guyz that special? 4 Likes |
Re: Buhari's Economic Policies disproportionately affecting Igbos? - Cramjones by vani86: 12:16pm On Jan 08, 2016 |
Mosh1: we love them all though, its a pity that a group of people who feel they are being marginalised are criticized for speaking out. where is the freedom of speech 1 Like |
Re: Buhari's Economic Policies disproportionately affecting Igbos? - Cramjones by Allosaurus: 12:22pm On Jan 08, 2016 |
Boooohari moving clearing the Boko Haram-torn north is just another factor exposing his incapability to rule a nation. Kano of all places! |
Re: Buhari's Economic Policies disproportionately affecting Igbos? - Cramjones by gigabyte13: 12:23pm On Jan 08, 2016 |
Anything wey Buhari dey do, dey always affect lgbo, abeg na only lgbo dey this Nigeria? Nonsense, make them relocate to Cameroon jareee aha..!!! Wetin sef? 2 Likes |
Re: Buhari's Economic Policies disproportionately affecting Igbos? - Cramjones by proxillin(m): 12:26pm On Jan 08, 2016 |
vani86:Every new policies always kill some businesses. Remember removing oil subsidy will kill some businesses in the long run. What Buhari is doing which I support is encourage local manufacturing. We need to be producing what we are consuming. No known economy succeed on importing. Indonesia that was poorer than Nigeria few years ago are now a market giant. Local production will guarantee security in our economy, more employment, strong foreign reserve, and healthy money market. We are just like poultry. We sit and wait for them to bring goods across the border before we eat. The only thing we are producing in this country is "human beings"..crowd 3 Likes |
Re: Buhari's Economic Policies disproportionately affecting Igbos? - Cramjones by kabnafs(m): 12:26pm On Jan 08, 2016 |
Trash...Igbos alwais complaining! Continue 1 Like |
Re: Buhari's Economic Policies disproportionately affecting Igbos? - Cramjones by ozoemenafn: 12:34pm On Jan 08, 2016 |
It is really unfortunate that this country at this point in time slipped into the hands of Deceivers who masquerade themselves as Agent of Change who has not gotten what it takes to bring about change. Rather they dish out policies that were tested in the seventies which lacks the necessary ingredients to move a country forward. For those who are clamouring for Igbos to go into production of goods . If you would recall, it is in this same country that Igbos were producing shoes and other products rather than encourage and support them better still set a standard for their products. Nigerians were calling the products Aba made. Funny enough few years down the line same Nigerians who refuse to accept the products are today patronising some Chinese substandard product. What has Igbo not down to improve this entity called Nigeria but rather encourage them. What they get in return is hate and hate. But one thing I know for sure is that the more they hate the more Igbos get stronger and more prosperous. 3 Likes |
Re: Buhari's Economic Policies disproportionately affecting Igbos? - Cramjones by osss: 12:36pm On Jan 08, 2016 |
The fact is everyone no matter your tribe or region is being affected by the economic policy at the moment. Though Igbos which make up close to 70% of importers in Nigeria will be mostly affected as most will be forced out of business. The fact is as rightly pointed out by some of the people that commented above, no country survives by importing solely everything. But Nigeria at the moment is not ready for local manufacturer, especially medium and small scale manufacturers. Reason being unavailability of power, road and other necessary infrastructures. Even Michelin as big as they were folded up because of power. So for me restricting access to forex in order to discourage importation is wrong step. Instead government should fix power and as soon as the cost of production is lower in Nigeria and locally made goods of the same standard can compete with imported ones importation will reduce drastically. Without this Nigeria will continue to import everything. 2 Likes |
Re: Buhari's Economic Policies disproportionately affecting Igbos? - Cramjones by kayfra: 12:36pm On Jan 08, 2016 |
cramjones: You are trying to whip up unnecessary ethnic sentiments or your knowledge of macroeconomics and government is weak. The forex policy which is set by a constitutionally autonomous CBN, led by an Igbo man, is meant to address our short supply of dollars which has dwindled with the crash of oil, the pulling out of forex by investors and pulling out of forex by corrupt PDP government that dollarized the economy and syphoned what they could. Unless the naira is devalued, we can't continue to import frivolous goods from China that can be manufactured at home. Everybody importing such goods are affected and they should block our borders to prevent illegal imports. If we don't fix our manufacturin then we are doomed as a country. There is something called balance of trade and we don't want to be at deficit and end up wasting our limited dollar reserves defending importation of chicken and toothpick! Please show me a policy document that says you have to clear your goods in Kano. Just one policy document. About the market issue, it's simple. They were warned and they made alternative provision for them. If you won't accept it then relocate elsewhere. Stoking ethnic sentiments is a huge sign of a complex. It's rather unbecoming aND an insult to educated igbo people. 6 Likes |
Re: Buhari's Economic Policies disproportionately affecting Igbos? - Cramjones by Eruditor: 12:36pm On Jan 08, 2016 |
TheSonOfMark: As opposed to whose economic policies? 1 Like |
Re: Buhari's Economic Policies disproportionately affecting Igbos? - Cramjones by sunsewa: 12:40pm On Jan 08, 2016 |
cramjones: God bless u my brother for saying the truth and not been biased or carry away by sentiments in rendering judgement,when the chips are down,we all will bear the brunt not only the igbo importers,then ur antagonist will end up eating politics as food. 1 Like |
Re: Buhari's Economic Policies disproportionately affecting Igbos? - Cramjones by angiography(m): 12:42pm On Jan 08, 2016 |
cramjones:You're really stupid for thinking you have an iota of wisdom 2 Likes |
Re: Buhari's Economic Policies disproportionately affecting Igbos? - Cramjones by Nobody: 12:42pm On Jan 08, 2016 |
I must disagree with your argument. You hide the most salient point you make well inside your treatise. It is this - igbos have high exposure to the government's policies as they are the largest importers. You might also have correctly added that they are also prominent in retail. This government is attempted the largest social engineering exercise ever undertaken in Nigeria's history; getting Nigerians to reappraise the true meaning of value creation. This means that Nigeria must move away from importation to production. I know that you understand this which is why the points you raise are curious. Nigeria has at best four months import cover in dollar terms. With oil prices plummeting it is entirely reasonably that the demand side is immediately prioritised and addressed (with the addition of palliative efforts for the most vulnerable) while medium and long term supply side efforts are encouraged. You talk about the destruction of the Oshodi market in standalone terms without mentioning the evolution of such measures in Lagos since 1999. If you had done so, then it would not appear as sectional as you make it sound. We've had block makers protest the beautification of underpasses, okada protest their ban from highways, we've had houses demolished on the Lagos badagry expressway. All this because Lagos is taking in 600,000 people per annum. If Lagos is to continue to carry the dreams and aspirations of its inhabitants it must reinvent itself. This will come at a cost. Lagos cannot build future prosperity on spontaneous shanty town development. The igbo are particularly well positioned for the new Nigeria. There are hectares of oil palm lying fallow in the SE as sons of farmers head to the city to trade. Oil palm prices are historically more robust than crude oil; Nigeria cannot even meet internal demand. Aba and other city only need a few production based incubators to help the garment and footwear industries build valid business models for the export market. Nigeria is being reinvented and we will all hurt for a while. Services such as banking are set for a historic bath. Nigerians need to familiarise themselves with the MTEF and the 2016 budget in order to align themselves with the new realities. Raising the spectre of tribal discrimination does not serve the interest of the Nigerian people, even if it makes good arm chair reading. With respect. cramjones: 5 Likes |
Re: Buhari's Economic Policies disproportionately affecting Igbos? - Cramjones by todayboy: 12:46pm On Jan 08, 2016 |
mr intelligent keep deceiving yourself why president is becoming a dictator Ephemmm: 1 Like |
Re: Buhari's Economic Policies disproportionately affecting Igbos? - Cramjones by rusher14: 12:46pm On Jan 08, 2016 |
sinistermind: If the imported version becomes unavailable or unattainable wouldn't the snob take a second look? 2 Likes |
Re: Buhari's Economic Policies disproportionately affecting Igbos? - Cramjones by Montaque(m): 12:46pm On Jan 08, 2016 |
Bigprozzie: What of the raw materials needed for our local industries? plans to reduce importation has always been waived with regards to importation of raw materials. That's why we have various import duties on goods depending on their availability and industrial needs. It ought not to be a blanket prohibitory policy. |
Re: Buhari's Economic Policies disproportionately affecting Igbos? - Cramjones by angiography(m): 12:48pm On Jan 08, 2016 |
Bigprozzie:Thank you Bro I never knew that cramjones is that stupiid to put on the most ethnic biased write-up I've seen this year. Funny boy claimed he sat with Buhari in drawing up policies...perhaps he thinks we all are sets of ignorant dudes. Smh at the moderator that push this to the front page 5 Likes |
Re: Buhari's Economic Policies disproportionately affecting Igbos? - Cramjones by angiography(m): 12:50pm On Jan 08, 2016 |
PedroJP: So how was this aimed at the bringing the igbos down.?? You guys should get a life 6 Likes |
Re: Buhari's Economic Policies disproportionately affecting Igbos? - Cramjones by Mosh1: 12:50pm On Jan 08, 2016 |
vani86:That is the lie we are talking about,the unfortunate thing is that if you don`t expose/attack lie it will soon turn to true.How are Igbos been marginalised in Nigeria? bring your points and i will counter them with mine. 3 Likes |
Re: Buhari's Economic Policies disproportionately affecting Igbos? - Cramjones by ibietela2(m): 12:55pm On Jan 08, 2016 |
cramjones: Oh please 1 Like |
Re: Buhari's Economic Policies disproportionately affecting Igbos? - Cramjones by Ephemmm: 12:56pm On Jan 08, 2016 |
todayboy: If he is truly a dictator, putting someone like you into jail with no reason will justify your assertion. 2 Likes |
Re: Buhari's Economic Policies disproportionately affecting Igbos? - Cramjones by ibietela2(m): 1:01pm On Jan 08, 2016 |
Bigprozzie: Lol but beremx berem MzJackBaueress JackBaueress JackBaueress1 Obiagelli Fell for it |
Re: Buhari's Economic Policies disproportionately affecting Igbos? - Cramjones by Montaque(m): 1:03pm On Jan 08, 2016 |
greenpasture: The garment n footwear industries in aba needs imported machines and garments types not made or found in Nigeria. Wouldn't you have advised Govt to take that into consideration, instead of a ur total affirmation? 1 Like |
Re: Buhari's Economic Policies disproportionately affecting Igbos? - Cramjones by LMFashions: 1:09pm On Jan 08, 2016 |
cramjones: Silly Tonye I thought you were mentioned on this thread. You didn't show your hate filled face because Cramjones pointed out how Buhari's policies affects the Igbos most. If you were called to come taunt the Igbos you would have been all over the thread masturbating on it. Deceiver of the brethren. Make sure you continue to hide your face in shame on anything Igbos just as you did in this thread. 2 Likes |
Re: Buhari's Economic Policies disproportionately affecting Igbos? - Cramjones by munky(m): 1:12pm On Jan 08, 2016 |
Bigprozzie: Sometimes Nigerians like you are too blinded by ethnic and tribal hatred to see. Start manufacturing with which electricity?? Which power? Where is the money to buy needed machines when they can't even access their dollars? 1 Like |
Re: Buhari's Economic Policies disproportionately affecting Igbos? - Cramjones by Nobody: 1:13pm On Jan 08, 2016 |
Montaque: There are easily accessible and sensible CBN micro SME 9% loans available for such purposes. Production machinery is also a preferred industry for FX purposes . Someone is going to do very well advising small businesses that need financing and export capabilities. People need to be informed not scared. 2 Likes |
Re: Buhari's Economic Policies disproportionately affecting Igbos? - Cramjones by LMFashions: 1:16pm On Jan 08, 2016 |
superior1: Close that your gutter of a mouth jare... His write-ups are now silly because he called Buhari out on his evil policy. Yeye. 2 Likes |
Re: Buhari's Economic Policies disproportionately affecting Igbos? - Cramjones by LMFashions: 1:19pm On Jan 08, 2016 |
ChristStriker: Pls ask him again ooo. They keep ranting the FG wants to encourage local production. What is govt doing to make it work? 1 Like |
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