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Nairaland Forum / Nairaland / General / Politics / Financial Times calls Nigeria's economic approach the height of foolishness (35728 Views)
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Re: Financial Times calls Nigeria's economic approach the height of foolishness by elampiro(m): 12:08am On Jan 24, 2016 |
NavierStokes: The people at the helms of affairs know what they are doing. They must have weighed both sides after comparing cost of import vs revenue from export. |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by HiddenShadow: 12:09am On Jan 24, 2016 |
Reference: One orijin for you. Only ignoranmuses think Nigeria can achieve diversification without True Federalism |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by elampiro(m): 12:25am On Jan 24, 2016 |
Kikero112: Gbam! |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by Gbawe: 12:35am On Jan 24, 2016 |
Reference: My man, how is this criticism fair or even reasonable? How can you expect the APC government to diversify the Nigerian economy adequately in the 8 months Buhari has been president and with the severe challenge of how our main export, i.e oil, has become virtually worthless? If we even settle on commercially mining our bitumen deposit today , as one example, how long do you think it will take before Nigeria is actually ganing economic benefits (eg income, job creation et al) from this commitment that the populace can feel? 2 days? 6 months? 12 months ? 24 months ? I think some basic investigation will show you that Buhari needs considerably more than 8 months to 'diversify' the Nigerian economy. If we then agree on this point, I would like to know why you can readliy indict all Nigerian governments as culpable when, realistically, it only the PDP that has led for 16 years that has had more than enough time to diversify our economy while enjoy dream income, i.e oil selling at over £100.00 per barrel, that Buhari can only dream of. We all need to be pragmatic and realistic with our criticism. 1 Like |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by stonemasonn: 12:57am On Jan 24, 2016 |
Emiefele is right on point with his FX policy because devalueing the currency to N300/$ will not end the shortage of dollar instead it will lead to an uncontrollable inflation. |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by TruthUncensored: 2:11am On Jan 24, 2016 |
These guys got it all wrong! Well, I did not expect anything less for hedge fund speculators. I am not standing by PMB because IMF(through the MD) already affirmed that ...." with the resilience and determination of President Buhari, Nigeria will not need help from IMF". I just think PMB is a focused leader that wants to reduce corruption to its barest minimum. They are busy talking about long term and very unstable strategy like the equity market because they want to buy into our stock market at a give away, then they take a run immediately oil rebounds and/or the economy/naira picks up. If truly the foreign investors have their eyes on the exit door, then why has MTN (with a hanging multi billion dollars fine still so much around? Please say something else. I am happy that someone like PMB with a track record of steady reputation of integrity is the one in charge, because he knows it is fatal and suicidal for Nigeria to tailor her economy and future to suit foreign investment capital interest. Steve Johnson et al are just foreign hedge fund speculators and do not mean well for Nigeria. 1 Like 1 Share |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by Nobody: 4:45am On Jan 24, 2016 |
NavierStokes:The CBN is not under the Finance ministry. It's a quasi-independent agency, and the CBN governor reports directly to the president 1 Like |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by tsdarkside(m): 6:20am On Jan 24, 2016 |
nigeria has to start to thinking of ways to fight and defend the interessts of the black-race against europe or america.... fact is,when you start thinking on your own,they will come against you with any means neccesry.... and if propanda does not work,they will look for ways to come with their armies... its called, a cassus belli!!!..... nigeria must be ready to fight against the western world,if we have no other choice.... if you realy want to be free,you must be ready to defend your freedom..... |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by onojiwizardgmailcom(m): 6:24am On Jan 24, 2016 |
chukwudi44:I don't think Kemi Adeseoun is controlling the economy, she is does not have free hand to run the economic policies of the country. if you look at what we know so far about the budget, you will see clearly that she did not have any control of the process, this to me is quite serious. |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by NavierStokes(m): 7:11am On Jan 24, 2016 |
onojiwizardgmailcom: Yes Buhari might/might have not known what he was doing when he removed the powers of budgeting from the minister of finance and handed it to a new ministry of budget headed by Senator Udoma. This is an interesting read below: http://venturesafrica.com/features/president-buhari-just-might-have-reduced-nigerias-finance-minister-kemi-adeosun-to-a-glorified-figurehead/ 1 Like |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by seaga: 7:15am On Jan 24, 2016 |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by ocelot2006(m): 10:26am On Jan 24, 2016 |
wirinet: No, it is your kind that ought to be accussed of that. Remember the power sectot successes, refineries, and co where your lot attributed to PMB's uhmm.."body language"? How about TSA that you folks tried to claim, but reversed it when the remita issue propped up? You're keen on blaming GEJ for PMB's mistakes yet expect us to take you folks & this administration of jokers serious? 1 Like |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by ferhyntorlah(f): 1:13pm On Jan 24, 2016 |
seaga:Take what down? |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by ChimaAdeoye: 8:32pm On Jan 24, 2016 |
We have a dulllard as president. He believes EVERYTHING is achieved by giving ORDERS and simply lying & ignoring the facts! [b]If you doubt me, check out his promises! I will order 1 naira to be equal to $1 , Now it is N305 naira to $1 I will order graduates to be paid N5,000 - N10,000 per month, now he denies it. I will regulate oil price with OPEC, now oil price is at its lowest and OPEC won't bulge I will increase foreign exchange by banning removal of dollars, now the foolish idea has caused dollar scarcity I shall fight corruption, no matter who it is. Tinubu and Amaechi are still living large. While only his political enemies are now corrupt I don't believe in petroleum subsidy removal. When i was Petroleum minister, we supplied Nigerians petrol at cheap prices. The tale has since changed.Subsidy has been removed in 2016 budget! I shall declare my assets publicly so that every Nigeria will know that i'm a poor man and never enriched myself through public office. He secretly declared and ordered a moratorium on the information. I shall make our electoral system free and fair, without government interference. The dulllard is using troops to intimidate voters in bayelsa. "30 Years ago as a military man, is a long time. I am now a democrat and shall rule according to the rule of law and the constitution" We all know how the dulllard respects rule of law. Everything the dulllard promised, he had no intention of keeping and has indeed broken them! [/b] |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by Scocodia: 5:16pm On Jul 23, 2016 |
The fact is, Nigeria is not in any sense practising "DEMOCRACY". DSS, SSS, EFCC all disobey court orders under Buhari's rule. The more reason Tompolo is evading the court procedings because, he knew, he won't get justice under Buhari's regime. |
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