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Nairaland Forum / Nairaland / General / Politics / Financial Times calls Nigeria's economic approach the height of foolishness (35740 Views)
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Re: Financial Times calls Nigeria's economic approach the height of foolishness by kaboninc(m): 1:40pm On Jan 23, 2016 |
1 Like 1 Share |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by Yugoos: 1:41pm On Jan 23, 2016 |
Still reminiscing 2 Likes
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Re: Financial Times calls Nigeria's economic approach the height of foolishness by Alezy(m): 1:51pm On Jan 23, 2016 |
dearpreye:I reply ur last mail nau, and na ur reply I dey wait. 1 Like 1 Share |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by kaboninc(m): 2:03pm On Jan 23, 2016 |
Dee60: Brilliant 1 Like |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by kaboninc(m): 2:04pm On Jan 23, 2016 |
Alezy: Wetin you dey tell am? How him go learn how to razzle woman? |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by baby124: 2:13pm On Jan 23, 2016 |
The truth is Buhari over segregated the duties of the finance ministry. He took away the planning ministry and the economic aspect of the ministry (trade and investment) from the finance ministry. No one should call Kemi because all she is overseeing in this government is cash flow obviously. Osinbanjo is probably the one to call out as he is the one coordinating all functions. I don't know why Kemi is being blamed. What is the trade and investment minister doing to attract investment? And how has the planning minister planned for our economy? 1 Like |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by tsdarkside(m): 2:17pm On Jan 23, 2016 |
ferhyntorlah: yes,we must learn from them,...from their progress and mistakes they made to progress...nigeria can not risk mistakes to progress...our own is too hot...250 languagies,,,i mean,come onnnnn.... |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by tiwiex(m): 2:26pm On Jan 23, 2016 |
omohayek: Common. Onyeama cannot manage investor confidence. Neither did he stop Forex which affected manufacturing firms from procuring needing raw materials. The ban on Dom account also cause fx rate to shoot up. Making business quite challenging. It goes beyond Onyeama but I guess too early to blame Adeosun. I think she is too young and inexperienced. She also lacks local knowledge. Her accent is already a turn off. |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by tiwiex(m): 2:35pm On Jan 23, 2016 |
InLoveWithGod: Your analogy is very correct. I like it. Surprised u have few likes. |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by Alezy(m): 2:37pm On Jan 23, 2016 |
kaboninc:haha haha haha haha. ...cabo snoop, abeg I no get power to laugh this afternoon. Make I dey watch the way Liverpool wan take Bleep up |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by OrlandoOwoh(m): 2:47pm On Jan 23, 2016 |
frankyychiji:I never quoted ÈdCure let alone disagreeing with him. |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by OrlandoOwoh(m): 2:52pm On Jan 23, 2016 |
InLoveWithGod: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. |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by Nobody: 2:54pm On Jan 23, 2016 |
tiwiex:Well, i'm not after likes/shares and mentions. Just want to express my opinion. |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by Nobody: 3:09pm On Jan 23, 2016 |
OrlandoOwoh: 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. 1 Like |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by jarofbeauty: 3:16pm On Jan 23, 2016 |
You have said it all. light004: |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by banmee(m): 3:32pm On Jan 23, 2016 |
omohayek: 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. 1 Like |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by Olarajee(m): 4:02pm On Jan 23, 2016 |
omohayek: God bless you plentifully. Kemi has become an easy target for these peeps unfortunately. Always looking for others to blame. 1 Like |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by Gbawe: 4:05pm On Jan 23, 2016 |
MrSegunAdewole: IPOD loser. Have you issued any empty threats or impotent ultimatum today? Silly creature of hate. 1 Like |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by Splashme: 4:06pm On Jan 23, 2016 |
Pidggin: 1 Like |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by OrlandoOwoh(m): 4:14pm On Jan 23, 2016 |
InLoveWithGod:Are you in the Presidency to know how the President prioritizes his duties? PMB and his ministers are working on the economy while the EFCC and ICPC are fighting corruption. |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by dadexcel: 4:25pm On Jan 23, 2016 |
omohayek:........... My dear not too fast, the last time I checked the minister of fiance of any country is always the fulcrum of all economic decision and policies of that country, in fact he/she advises the president on fiscal and non fiscal policies, she works with the economic planning unit of the state on even the very yearly financial blue print of a state- the budget. So if she is not competent as the world renowned economic magazine has already depicted, so let's not get things twisted, the earlier we tell these guys the truth the better for all of us. We are blessed. 1 Like |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by MrSegunAdewole: 4:25pm On Jan 23, 2016 |
[s] Gbawe:[/s] old man behaving like a kid Grow some brain please because matured body doesn't mean matured brain ekaro ooo 2 Likes |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by dadexcel: 4:33pm On Jan 23, 2016 |
banmee:........... Lol! Lovely response.... Hilarious in fact. 2 Likes |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by 4Play(m): 4:36pm On Jan 23, 2016 |
The insistence on non-devaluation and maintaining a peg by the CBN which has exacerbated the problem is based on economic quackery which is traceable to Buharinomics. I say this because the President himself has ruled out devaluation and we had the same currency regime when he was military president leading to a wide margin between the official exchange rate and the market exchange rate. History is simply repeating itself in a country where its people refused to learn from history. I would love Emefiele to be nudged out of his job, partly because it will highlight that the ultimate source of the policy inflexibility is the President. It is not a coincidence that we had 2 devaluations before May 29 and none since then. The CBN governor is in any case a morally compromised person as it's inconceivable that he is not implicated in the Dasuki scandal. This robs him of the capacity to make a principled stance and do what is right for the country instead of kowtowing to his political masters. Another issue that I find amusing is how Sanusi has escaped blame for the country's present currency problems. You often hear people ask why GEJ did not increase reserves despite high oil prices but the foreign reserves for much of his tenure was managed by Sanusi who we are told is a man of principle. I pointed out many times on Nairaland during Sanusi's tenure that he was making grave policy errors by maintaining a stable exchange rate at the cost of a failure to accumulate reserves in the event of an oil price crash. Had the Naira been allowed to drift lower in the past, we would not have had to experience such a sharp adjustment and would be going into this crisis with more reserves in the kitty. The roots of our problem ultimately come down to policy ineptitude and whether we like it or not, a failure to come to grips with sound economic policies appropriate for a modern globalised economic era will continue to prove our downfall. 4 Likes |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by mrmetoo1: 4:39pm On Jan 23, 2016 |
The quicker people realize there's no sexy way out of this mess, the better. Basically, what this article is suggesting is devaluation. I'm not sure if Nigerians are ready for at least N500=$1. Do these guys understand how it'll affect the commodity market? Nigeria needs to shore up local production, manufacturers, farmers should be given priority over anyone when sourcing for fx. Anyway we'll see with time |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by Chubhie: 5:08pm On Jan 23, 2016 |
MrSegunAdewole:Imagine that resident lie Mohammed defending this shameless government! take a look at his signature and see hypocrisy wearing make up. |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by MrSegunAdewole: 5:12pm On Jan 23, 2016 |
Chubhie:gbawe is just dull |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by Olaone1: 5:16pm On Jan 23, 2016 |
hmmm |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by onatisi(m): 5:17pm On Jan 23, 2016 |
All I will say now is that . " Nigerians will learn the hard bitter way" 1 Like |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by Chubhie: 5:20pm On Jan 23, 2016 |
MrSegunAdewole:The protection giver is to discerning minds most pitiable. |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by ImpactWorld(m): 5:20pm On Jan 23, 2016 |
omohayek: À competent Minister of Finance, who automatically is the coordinating minister for the economy, can influence the decisions of the central bank. |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by onatisi(m): 5:23pm On Jan 23, 2016 |
2 years ago,we were giving warnings about apc states and their high level of borrowings ,we warned about the recklessness of aregbesola in osun state only for some dumb foools to shout us down then that osun was the best performing state ,fast forward 2 years and osun state today is totally bankrupt and owing over 4 months salaries arrears of workers. Now many have started warning about this government policies and its potential retrogressive impacts on the nation. But Nigerians wont listen ,all that their ears are tuned to now is corruption ,metuh and pdp . 2 years from now ,we shall see the results 1 Like |
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