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Nairaland Forum / Nairaland / General / Politics / Financial Times calls Nigeria's economic approach the height of foolishness (35734 Views)
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Re: Financial Times calls Nigeria's economic approach the height of foolishness by onatisi(m): 5:28pm On Jan 23, 2016 |
ImpactWorld:she can't go beyond what buhari wants. We should stop blaming the poor woman. I am sure many of those ministers are regretting accepting these appointments . Buhari believes in a selected few and what ever they tell him is final. How many of the new ministers have u seen making any tangible comments ? They are just there,the man they are working for is one who believes he knows it all and you must comply with his ideas whether u like it or not. Last year,I raised this issued when I said having a cabinet full of intelligent qualified individuals is not the same as allowing them to do what they know best to do or allowing them to perform the tasks given to them to the best of their abilities 1 Like |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by arresa: 5:34pm On Jan 23, 2016 |
omohayek: Many of these posters are posting based not only from ignorance but also tribalism, bigotry, hatred and bitterness... 1 Like |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by Nobody: 5:36pm On Jan 23, 2016 |
seunt4ut: Lol. Go back to school boy. |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by arresa: 5:36pm On Jan 23, 2016 |
ImpactWorld: Like Okonjo and GEJ influenced the CBN head to approve and give our money to looters for clearing and sharing right? 2 Likes |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by NavierStokes(m): 5:53pm On Jan 23, 2016 |
kaboninc: Alright bro, I will look into the decrees 3 and 4, because some websites i consulted gave me the impression of dependence. |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by Nobody: 5:57pm On Jan 23, 2016 |
Pidggin:..ahahhhaaaaahahaahhhaaha... |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by Gbawe: 6:14pm On Jan 23, 2016 |
arresa: Precisely. Ultimately, Nigerians are a people who like to appear more erudite than others. From page one it is different suggestions by numerous Nigerian George Soros and Warren Buffets that completely misses the central and pertinent issues. The bottom line is that we screwed ourselves royally because we left ourselves economically vulnerable to the vagaries of oil price. Being a mono economy with oil as our major export, accounting for 80% of the income of Nigeria, means there is no quick or easy way out as long as oil price remain low. The 'solutions for our economic woes are virtually all long term 'fixes' eg diversifying our economy, growing the SME sector aggressively, developing critical infrastructure et al. I think the APC should embark on proper and formal 'education' exercise to sensitize Nigerians about what we are facing. That might spare us some of the ignorant argument we are seeing on this thread with uninformed mischief-makers using terms they do not even understand. 4 Likes |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by 4Play(m): 6:20pm On Jan 23, 2016 |
onatisi: The bolded part of your quote chimes with my view. When you have a president insisting that the Naira will not be devalued and that he does not know what all the talk about subsidy is about, those working under him have to either go along with the voodoo economics or quit. Being Nigerians, the latter is not an option so the likes of Adeosun, Udoma, Kachikwu and Emefiele will soldier on whilst their reputations are sullied. Even NOI for all her headstrong streak managed to play the ostrich whilst thieves were making out like bandits. The lure of public office can prove too strong. Where Adeosun and Emefiele are different is that they are likely to go ahead with anything without the slightest iota of resistance. 3 Likes |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by justice2016: 6:32pm On Jan 23, 2016 |
What do u expect when u ve a retired soldier n castle rearer who knows nothing except whipping castle n killing people as they rear their cattle. Pmb appears to be fighting corruption because he came as an opposition making past administration an easy prey . By the time he starts targeting his party members who are corrupt n his friends then i ll take him serious. I thought Nigerians re smart but with the propaganda n lies from Apc govt which they buy into has exposed us as foolish people. Most of dasukigate rubbish was used to finance campaign ; have we thought of probing the source of Apc presidential 2015 campaign fund? Why has Saraki trial appears to have died? |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by NavierStokes(m): 6:35pm On Jan 23, 2016 |
asEdeyHOT: Brother, seems you derive joy in insulting others, educationally I am afraid you may never be able to catch up... if only you know what I mean, have a great day and I wish you a joy filled weekend. |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by NavierStokes(m): 6:49pm On Jan 23, 2016 |
Gbawe: Having just returned from a long journey and fagged out,I will only be able to respond to your first sentence as the others I see as unwarranted and serving no purpose: could you please be kind enough to cast your mind back a few days, to the article Nigeria's economic downturn, an act of God where Oyegun says: “We are in the process of organising a three-day dialogue which will bring the party, government and stakeholders for an exposition on the realities facing the country, particular the economy. It will provide an opportunity to exchange ideas so that we go home with a clear direction on how to go forward.” If this is not a subtle indictment of "cluelessness", then I wonder what it is. Have a great weekend Amico Ciao 2 Likes |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by NavierStokes(m): 6:52pm On Jan 23, 2016 |
wirinet: I have no idea what you are talking about, when are you going to outgrow this "we against them" mentality you are exhibiting. For your information I am your prime example of a "de-tribalized" human. Have a great weekend Amico. Ciao |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by NavierStokes(m): 7:00pm On Jan 23, 2016 |
Kikero112: Yea bro, no one expects to instantly wake up to a diversified economy, but then we need to see the intent and desire. On the issue of exploration, exploration in reality does not lead to increased production in the short term. I believe it is a good thing, but would also assert that politics is a major driver for that project, because our priority at the moment should have been to step up the work on most projects that are already in the developmental phase to be able to increase our production. This is clearly not what we get from exploring in the chad basin that will require several years before the production of oil. I do hope you are having a great weekend. 2 Likes 1 Share |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by Alwaystruth: 7:08pm On Jan 23, 2016 |
When you will start thinking with your head and brain and not think with your anus?. I know that tribal bigotry have blinded your reasoning and that is taking a dangerous dimension on you. Do you remember recently most countries including USA were plunged in recession and even till today countries like Spain,Greece and Portugal to mention but a few have not been able to repay their bailout loans from Germany. That time Gej and his economic team rose up to the challenges and prevented Nigeria from descending into chaotic economic conditions.That was when Gej agitated for removal of oil subsidy and you folks blocked the streets and killed many people just to give Gej' a bad name. One wonders where those emotional economic columnists of those days had disappeared into or have they sudden closed shops because Bubu won't tolerate any criticisms from them?. Today, your most reverend APC party and government has no single iota of clue how to handle the situations glaringly starring at us. Today, the number of Sai baba have diminished while wailers keep geometrically increasing both locally and internationally. If I may ask you now in sincere manner, where is Nigeria's economic policies heading to?. Gej's govt may not be perfect but evidences have shown and proven that Gej and his team were hundred million times better than this headless fowl government we have today. If you doubts me, you can do the simple mathematics and count how many sai baba chanters in this forum nowadays or elsewhere. Bubu has finally discovered that 1985 and 2016 are two different years altogether and that times have changed. |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by ocelot2006(m): 8:03pm On Jan 23, 2016 |
cosmo84: Yes, PDP DEFINITELY had a SOUND economic blueprint compared to the current APC YAHOOS and JOKERS in power. |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by patrickmuf(m): 8:50pm On Jan 23, 2016 |
omonnakoda:You're intelligent i must say...I'll take a closer look at the present administration in a years time... |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by Alfaab: 8:59pm On Jan 23, 2016 |
ocelot2006:Maybe that is why they ran Nigeria aground. 1 Like |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by Reference(m): 9:02pm On Jan 23, 2016 |
DelGardo: Chai. Opposition sweet oh. Dis one na correct do or die aka catch 22. Sorry oh. John Terry till 2016. If you have enough dollars I suggest you go for Marco Polo. |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by davidif: 9:09pm On Jan 23, 2016 |
chukwudi44: Abi o! And a leader is only as good as its lieutenants. |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by Reference(m): 9:14pm On Jan 23, 2016 |
OkutaNla: Why not tell the administration it is not doing things well instead of 'wishing'. Man up, remove sentiments and bigotry and do the RIGHT thing. The FX policy CANNOT work where you produce nothing. Devaluation will have prevented a run on the naira and sure bets against it. You stupidly hold up the naira giving speculators enough time to stock dollars knowing the inevitable will happen. 1984 reloading....so uncanny. An exact replica of what happened event for event. You can almost tell what happens next. |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by Adminisher: 9:20pm On Jan 23, 2016 |
omohayek: Thanks for this. Real economic experts don't call themselves that. There is even no such thing as an expert who knows anything about real economics. Whatever works in country A fails in country B. Buhari wants to keep two tier exchange regime and pivot Nigeria financially to Asia and the middle East where the cheap money is so that money can be released for infrastructure, education and security. We should stop listening to short term profit investors who move money in and out of markets on a whim. They failed the Jonathan regime and Buhari will not even give them face. What we need are people who want to invest in Nigeria long term. We have seen them before ; Shell, Mobil, Chevron PZ, CocaCola, DHL, FedEx, Lever Brothers, Heineken ..so many companies who will bring money and talent to build things and develop our manpower not fast money moving in and out of stock exchange like yoyo. |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by OkutaNla: 9:21pm On Jan 23, 2016 |
Reference: https://www.nairaland.com/2883806/cbn-policies-boosting-local-industry |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by Reference(m): 9:30pm On Jan 23, 2016 |
Gbawe: And why is it that no government including this one has been able to 'DIVERSIFY'. Paying only lip service because they know the truth. True Federalism. Something no one north of the Niger wants to hear. To the victor belongs the civil war spoils. Who wants to work anymore. That is the PRIMARY reason Jonathan had to go. The water to turn garri to eba was about to boil. This country cannot succeed and cannot develop because it is held together by a grand lie. We all know this but pretend we can skirt it. We CANNOT diversify the economy. The powers that be. The owners of Nigeria are not interested. 1 Like 1 Share |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by ocelot2006(m): 10:39pm On Jan 23, 2016 |
Alfaab: Pls do tell how they ran Nigeria aground? Cos last i checked, GEJ left a Nigeria with a high economic growth rate of 6-7% despite the initial fall of oil prices and austerity measures imposed, a decent job growth. PMB comes in like a headless chicken and in thr span of a few months reverses these succeses. Yet you want yo blamr GEJ for the incompetence of PMB? |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by front247: 11:07pm On Jan 23, 2016 |
what does a brainless president hav to offer nigeria |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by asEdeyHOT: 11:20pm On Jan 23, 2016 |
NavierStokes: I will wipe the floor with you with my educational qualifications and background A man that says that the Central Bank is under the Ministry of Finance is an illiterate. It is clear sir 2 Likes |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by wirinet(m): 11:22pm On Jan 23, 2016 |
ocelot2006: Can you do us all a big favour by directing us to a link to the sound economic blueprint? |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by wirinet(m): 11:41pm On Jan 23, 2016 |
ocelot2006: Arguing with you people is like trying to catch a snake drenched in oil. If any sector is succeeding, you credit it to foundation laid by Jonathan. If any sector is failing, you blame PMB for reversing Jonathan's success. Which economic growth rate did Jonathan leave? The so called growth rate was simply crude oil growth rate. You hero was already talking of austerity measures when crude fell to $60 per barrel, what would he have said if he is still president with oil selling at $30. If actually Jonathan performed miracles on the economy as you guys are propagating, it would be impossible for the economy to be on the verge of crashing a few months after he left office, the momentum alone would take at lest a year before it slows down to a crash. 2 Likes |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by Sharplogger(m): 11:55pm On Jan 23, 2016 |
Pidggin: e be like u no wan comot that villa alive. |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by Sharplogger(m): 11:55pm On Jan 23, 2016 |
Pidggin: 1 Like |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by HiddenShadow: 12:03am On Jan 24, 2016 |
onatisi: The ministers should resign if Bubu refuses to see their own view. |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by elampiro(m): 12:04am On Jan 24, 2016 |
Nalikedis: You are intelligent and you said my mind. Look at Financial Times comparison with Russia. Russia doesn't import refined oil, they export both crude and refined oil. Whereas we import refined oil, food, tractors for road construction and agriculture, food, etc. On stock market, NSE was the first to make gains this week. NSE made gains from Wednesday to Friday, whereas the rest of the world made gains only Thursday and Friday. Asia stock only gained on Friday. This is also not the first time the NSE trading is controlled. In 2008 global financial crisis, the trading was controlled. |
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