dearpreye:


Bro, please reply my last PM. Thanks.

dearpreye:


I don wait for your own oooo

Dee60:
Financial Times may have their arguments but they also just exhibited the HEIGHT OF INTELLECTUAL ARROGANCE. In the matters of Economics no one knows it all. China made their own plan, and India too, in spite of the FT, and they have been able to bail themselves out.

FT knows nothing about the environment here and cannot have answers to Nigeria's problems.

Britian and AMerica are so advanced that you may leave its market to market forces. Not Nigeria! Have they ever seen an economy where the governor of a state can pocket the income of that state? Or where a security adviser can pocket/share budgetteary allocations that should have been used to equip the Army?

What market forces? FT should just admit its ignorance and come down from their lofty heights and high horses.

Devaluation is risky at the moment because it will translate immediately into rise in Petrol prices. Remember we still import Petrol, and you need dollars to fund its import. Imagine that a devalued Naira will mean that Petrol will sell for N150 pump price. Will that not lead to crisis?

CBN has only just said that excessive importation for just anything from toothpicks to human hair is the reason for the pressure on the naira. So, they have curtailed the quest for just anything.

Dangote is smarter than all of FT put together and he once said that restricting import with the list of 41 items is the best economic drive he has seen in Nigeria. Now, we have to make our own ceramic tiles, put on our own Ankara, eat local eggs instead of cheese! Why cant we consume what we can produce?

Nigerians have to change our unbridled taste and appetite for products simply because they are made in 'Other Countries'! When whites come to Africa/Nigeria, they come to make cheap money to take back home. When Nigerians go to their lands, we take boroowed dollars to go and shop for just anything.

Devaluation has only a short term benefit to any economy that is largely consumptive and not productive. If Naira sells for 300 at the official market today, the so called 'smart investors' will rush in funds, scoop the market and walk away to pile pressure for further devaluation!

The average Indian puts on clothes made in India. Why cant we wear Ankara, even to work? Imagine the millions of jobs that will create, and imagine the savings on forex!

True, we cannot isolate our market, but the fact remains also that we cannot contine with unbridled appetite for anything made by 'Uncle Sam'!

Alezy:
I reply ur last mail nau, and na ur reply I dey wait.

ferhyntorlah:


Nigeria needs to learn from Malaysia, China, Singapore, India and other countries classified with her in the 60s how they turned their economy around, esp China and India since we share similar population size.

omohayek:


The true mark of cluelessness is blaming Kemi Adeosun for two areas of policy over which she has no control. It takes real ignorance to blame the finance minister for an FX policy which is actually set by Godwin Emefiele, the head of the CBN; she also had no hand in the NSE's difficulties, as the CEO of the Nigerian Stock Exchange is a man named Oscar N. Onyema.

InLoveWithGod:
This gov't is like a fisher man whose boat is sinking, and instead of trying to save the boat from sinking first he is busy trying to re-catch the fishes that escaped from the boat.

My people, between saving the economy from collapsing and trying to recoup stolen funds, which one should have been the number one priority of this administration?

kaboninc:


Wetin you dey tell am?

How him go learn how to razzle woman?

frankyychiji:
...EdCure and Dropshot too
They are at daggers drawn in the other thread. EdCure is now a wailing wailer, Bubu's high-handedness has crippled his business, dropshot and OrlandoOwoh says he must be a beneficiary of Dasukigate , infact, Edcure thinks Buhari only takes advice from Northern Elders only !! The zombies around there are now wishing Edcure falls down and d...for criticizing their god after eating Aisha's rice!!

Kai! Walahi the roforofo fight no be here ooo

InLoveWithGod:
This gov't is like a fisher man whose boat is sinking, and instead of trying to save the boat from sinking first he is busy trying to re-catch the fishes that escaped from the boat.

My people, between saving the economy from collapsing and trying to recoup stolen funds, which one should have been the number one priority of this administration?

tiwiex:

Your analogy is very correct. I like it. Surprised u have few likes.

OrlandoOwoh:

What if the economy is made bouyant, and through corrupt means, it collapses? Jonathan tried to build the economy but didn't fight corruption, as a result people corruptly enrinched themselves. If you ask me, the fight against is proper at the moment.

light004:


It's so painful, when you have insulted the former office holder calling him all sorts of names and promising Nigerians that you are coming to deliver them from your self-created doom. Now, you are in power, you lose steam and keep blaming everybody but yourself. The nation today is worse off than you met it rather then admit your failings you are busy dealing with perceived enemy who are bold enough to look you in the face and speak the truth.

Now, the world is laughing at us wondering how in the hell in the 21st century we elected a dictator to power. Today, majority of Nigerians are suffering like never before, freedom to speak freely is being restricted, people are harassed and intimated when perceived as opposition. Just in 2014, Nigerians took all this for granted and call the man who gave them all these liberty as clueless and incompetence. I believe now, the mean of these words are coming home.

So sad!!!

omohayek:


The true mark of cluelessness is blaming Kemi Adeosun for two areas of policy over which she has no control. It takes real ignorance to blame the finance minister for an FX policy which is actually set by Godwin Emefiele, the head of the CBN; she also had no hand in the NSE's difficulties, as the CEO of the Nigerian Stock Exchange is a man named Oscar N. Onyema.

omohayek:


The true mark of cluelessness is blaming Kemi Adeosun for two areas of policy over which she has no control. It takes real ignorance to blame the finance minister for an FX policy which is actually set by Godwin Emefiele, the head of the CBN; she also had no hand in the NSE's difficulties, as the CEO of the Nigerian Stock Exchange is a man named Oscar N. Onyema.

MrSegunAdewole:
[s][/s]
Rubbish

Pidggin:
During the presidential media chat economist Buhari insisted that he would never devalue the naira. I bet if someone was bold enough to ask him what he understood by devaluation, he would not have been able to answer the question.

InLoveWithGod:


That is your assumption.
Lets face reality. The economy is in bad shape right now mostly due fall in oil price and lack of policy direction and months of neglect by this administration.

We know corruption is to blame for our problems right now but giving 90% attention to the fight against it will not save the economy rigth now.

This govt has to do something very fast.

omohayek:


The true mark of cluelessness is blaming Kemi Adeosun for two areas of policy over which she has no control. It takes real ignorance to blame the finance minister for an FX policy which is actually set by Godwin Emefiele, the head of the CBN; she also had no hand in the NSE's difficulties, as the CEO of the Nigerian Stock Exchange is a man named Oscar N. Onyema.

Gbawe:


IPOD loser. Have you issued any empty threats or impotent ultimatum today? Silly creature of hate.

banmee:


Good to know. I didn't know that that Kemi Adeosun reports to Godwin Emefiele and Oscar N. Onyema. Thanks. I am less s.tupid now.

MrSegunAdewole:
[s][/s]

old man behaving like a kid

Grow some brain please because matured body doesn't mean matured brain

ekaro ooo

Chubhie:

Imagine that resident lie Mohammed defending this shameless government! take a look at his signature and see hypocrisy wearing make up.

MrSegunAdewole:
gbawe is just dull

omohayek:


The true mark of cluelessness is blaming Kemi Adeosun for two areas of policy over which she has no control. It takes real ignorance to blame the finance minister for an FX policy which is actually set by Godwin Emefiele, the head of the CBN; she also had no hand in the NSE's difficulties, as the CEO of the Nigerian Stock Exchange is a man named Oscar N. Onyema.