Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,159,994 members, 7,841,811 topics. Date: Monday, 27 May 2024 at 03:11 PM

Do NOT Devalue Naira. Instead Close Your Eyes To Its Slide And Do The Following - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Do NOT Devalue Naira. Instead Close Your Eyes To Its Slide And Do The Following (713 Views)

Recession: EU Advises Nigeria To Devalue Naira. / EXCLUSIVE: CBN Will NOT Devalue Naira, Mulls Proposal For New Forex Window / The Naira In 2016: To Devalue Or Not To Devalue? (2) (3) (4)

(1) (Reply) (Go Down)

Do NOT Devalue Naira. Instead Close Your Eyes To Its Slide And Do The Following by asfalol: 7:14am On Feb 19, 2016
Personal musings on way out:

1. Do NOT devalue Naira. Instead close your eyes to its slide and do the following with the huge Naira gains present situation confers upon government (one dollar earning by government now give it almost 300 plus equivalent spending power in Naira theoretically).:

2. Apply unprecedented austerity measures in PUBLIC SECTOR EXPENDITUREs. Expunge comfort vehicles, cosy furnitures, luxury accommodations, non essential (matter of life and death) travels, genuine training to replace funny training etc.

3. Roll out savings from austerity into massive building of unprecedented public infrastructure and services. You need to ride the storm by responsibly pushing a lot of money to the public. You would be engaging the masses, creating jobs, enhancing businesses etc. NOTE: The strategy (in 1 & 2) is to ensure we are spending on the PUBLIC and not on the PUBLIC SECTOR.

4. Ensure each infrastructure is an economic asset that earns money back for the federation and partner investors (we need this strategic spending.glut to ride the storm).

5. Encourage local production and consumption, especially of critical or essential commodities to reduce capital flight. Our taxi cabs (we should be producing every single cab locally - it is easy, fact), our rice (we eat a lot of it), our software needs, virtually all of government procurements etc. If it is not made in Nigeria, don't buy it. For government agencies, let buy Naija be a civil era DECREE! Yes, go 100% indigenous! It is doable.

6. Monitor the monitor. Round tripping by bankers aided by economic saboteurs within CBN is a reality. They inserted a rent opportunity taking advantage of transaction secrecy with guaranteed 100%+ illegal dollar 'profit'. We have the technology to ELIMINATE this. Ask how.

7. Now sit back and see how you have permanently fixed Nigeria in the period of lack!

By: Engr. Tunji Light Ariyomo (TLA) and Oluseyi Areola
Re: Do NOT Devalue Naira. Instead Close Your Eyes To Its Slide And Do The Following by datola: 7:23am On Feb 19, 2016
Sound pieces of advice! Let all cooperate including the most expensive SINators in the world and the bribe taking judiciary.
Re: Do NOT Devalue Naira. Instead Close Your Eyes To Its Slide And Do The Following by Nobody: 7:24am On Feb 19, 2016
Commendable
Re: Do NOT Devalue Naira. Instead Close Your Eyes To Its Slide And Do The Following by ikorodureporta: 7:28am On Feb 19, 2016
.
Re: Do NOT Devalue Naira. Instead Close Your Eyes To Its Slide And Do The Following by mandarin: 7:37am On Feb 19, 2016
Its now glaring how much Nigeria's economy has been bleeding through capital flights. Every holiday in London, birthdays in Dubai and Weddings in New York. How much money we have lost as a nation drinking Spanish and French wines,wearing Italian dresses and German perfume. Think its time to wear made in Nigeria, holiday in Ikogosi spring, drink palm wine and Fuman juice, patronize Arike shoes and enjoy the constant summer we have in Nigeria.
Yes, we can!
Re: Do NOT Devalue Naira. Instead Close Your Eyes To Its Slide And Do The Following by DickDastardly(m): 7:41am On Feb 19, 2016
datola:
Sound pieces of advice! Let all cooperate including the most expensive SINators in the world and the bribe taking judiciary.
You left out the CRIMINAL BUDGET FORGING EXECUTHIEF led by Buhari

1 Like

Re: Do NOT Devalue Naira. Instead Close Your Eyes To Its Slide And Do The Following by Nobody: 7:49am On Feb 19, 2016
I wish Governance was approached like football management. They don't appoint you and you start losing matches and keep blaming the former Manager. If you don't impress as soon as you are hired, you are fired immediately. You can ask Benitez of real madrid.

Buhari and APC have spent a large chunk of Months, blaming PDP(Devils of this Generation) for the current woes of the economy. The question now is.... "Have the blame Game helped the econonmy?". Either Buhari resigns or he will be flushed out come 2019!!

From An APC fan!
Re: Do NOT Devalue Naira. Instead Close Your Eyes To Its Slide And Do The Following by Burger01(m): 7:50am On Feb 19, 2016
8. Kill all yam eaters and corrupt public officers for breach of public trust.angry undecided

(1) (Reply)

Pls Help a Brother these addresses... / Ifeanyi Uba's Prediction Is Correct,Statement & It's Effect On Dollar Today;wow / Operator Needed For This Machine!

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 22
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.