caleb404:
God help us in Nigeria. This is 1980s all over again. Same old story, just a different narrative this time.

Buhari is God's curse to Nigeria. Just in a period of 9 months things have gone South to the extent the President now travels to Saudi Arabia to pray for the nation.

Anyway, what do we know? Somehow someway we go survive am till 2019. At least some people eye don clear.

SoNature:

At the way and manner Nigeria is going economically, what befell Buhari in 1984 may still reoccur. Yes, he may be removed from office because of obvious ineptitude

forgiveness:
All i see are parasites running away after having nothing to feed on no more and their fellow cohort wailing too because of the lose of a morsel of bread they have used to sell their birth right. What a great relief for my dear nation.

By force by fire, we must learn how to produce and patronise our own products. Shikena

aresa:
[s][/s]



Trolls bore me...

amanze15:


1000 likes for you,

Jirate:
APC, the Bane Of Nigeria's Present Economy


and if this had happened in the time of Goodluck, only God knows what these Bunch of Ediots would have said...

caleb404:
God help us in Nigeria. This is 1980s all over again. Same old story, just a different narrative this time.

Buhari is God's curse to Nigeria. Just in a period of 9 months things have gone South to the extent the President now travels to Saudi Arabia to pray for the nation.

Anyway, what do we know? Somehow someway we go survive am till 2019. At least some people eye don clear.

lukecent:
I see more companies closing shop if the naira keeps crashing

A friend of mine who runs a production company, on Friday told half of his staffs to stop work indefinitely.

anonimi:



Back to the 80s sufferhead with the dull, daft & dumb Confused One.
We warned!
We wailed!!
The zombies would not listen!!!

Now we all don enter one chance of change CHAIN



www.nairaland.com/attachments/2095210_worst_jpeg588f192a23aa02a7b350a8bbe5d18306

baby124:
There are clear ways to turn our economy around, but all hands must be on deck. Full cooperation along party lines is needed. It first must start with the state governors. The FG must make sure every state has a designated land mass for agriculture. And each state would choose a product where they have comparative advantage, we don't need competition amongst states but production of quality goods. Work vigorously with large scale agricultural manufacturer's, in partnership. Manufacturer takes 30% of profit. FG and states split 70%. Put these plans on ground and in 6 months, we should see some changes. Of course FG would have to subsidize these manufacturers by providing the heavy machinery, seeds and manure. Though j am sure seeds and manure can be gotten from Nigeria. So what may be needed for imports is the machinery. Also provide low interest rates for start up manufacturer's and encourage innovation, through scholarships or business start up support.

Second phase is to go into economic planning with other African countries. Enter into trade agreements and treaties. We have to prove we can succeed in our own continent before we try to push our products outside. We really need to work on strengthening the African financial markets, heavily driven by agriculture. Make it competitive with financial markets from other continents, and then we would have the power to negotiate better deals for and within the continent.

This is my own little advice

Sibrah:
That's becos lazy Nigerians aren't producing enough export to keep them busy. What we like is that the FG subsidizes Dollar for us to go buy cheap Dubai and China made articles thereby help keeping their own economy afloat. Oil price has dwindled and it is time for those chest beating citizens to start exporting their products if any exist. We could av been exporting refine crude but PDP refused building refineries when there was money. They preferred to increase unproductive workers pay and steal us dry. Jonathan, the ineffe, finish the economy indeed.

anonimi:



.....while DullardPoo travels north, east, south, west even when no one wants to associate with him
Tragic!
Terrible!!
Pathetic!!!



www.nairaland.com/attachments/2442363_image_jpeg9f360c5ab7736510df54c882e9dbf188



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Perfectdanny:

now here u are calling Jonathan.... d economy wasn't as bad as dis wen he was president.... human beings like you can and will Neva be appreciative in any tin presented to......even d hausas are regretting PMB and here u are saying rubbish.... 9 months 9 months o and u r still wailing.... I rest my case

obailala:
Dont you think it's ridiculous that you choose to analyse this situation purely based on tribal/political sentiments but you give no single consideration to the real problem which is a negative balance of trade due to fallen oil prices?

blackpanda:



He is not enjoying anything. GEJ has lost control of pdp, he is a laughing stock internationally, and a major media group called him "an ineffectual buffoon"!

Sibrah:
That's becos lazy Nigerians aren't producing enough export to keep them busy. What we like is that the FG subsidizes Dollar for us to go buy cheap Dubai and China made articles thereby help keeping their own economy afloat. Oil price has dwindled and it is time for those chest beating citizens to start exporting their products if any exist. We could av been exporting refine crude but PDP refused building refineries when there was money. They preferred to increase unproductive workers pay and steal us dry. Jonathan, the ineffe, finish the economy indeed.

AyakaDunukofia:


Same mentality around the globe. The opposition told Obama he owned the economy in 2008and rightly so.
Therefore, this is Buhari's economy, he owns it, no excuses. If it were doing well, sure u wouldn't say this.

Sibrah:
That's becos lazy Nigerians aren't producing enough export to keep them busy. What we like is that the FG subsidizes Dollar for us to go buy cheap Dubai and China made articles thereby help keeping their own economy afloat. Oil price has dwindled and it is time for those chest beating citizens to start exporting their products if any exist. We could av been exporting refine crude but PDP refused building refineries when there was money. They preferred to increase unproductive workers pay and steal us dry. Jonathan, the ineffe, finish the economy indeed.

Dee60:

Nigeria has for long been seen a dumping ground for all kinds of goods, from toothpicks, to all kinds of rice and fish and tomato paste. The foreign shiping companies were the unintended beneficiaries of that. They brought in MEGA vessels full of all sorts and sailed back EMPTY because Nigeria did not have any exports to offer the world, apart from oil.

Shanghai to Apapa for a 20' container cost USD2800 at one time. At that same time Shanghai to Hamburg cost only about USD150. Because of petro dollars we went on buying just everything and paying huge freght rates. All of the shipping companies wanted to be here to partake of the windfall.

Now the tonnage deployed has far exceeded the demand and naturally the freight rates will fall. This is why the fringe players are packing their loads.

Low freight rates are good for our economy, because it means landed cost of raw materials will be lower, duties will be lower, and NIgeria can produce at lower costs.

We have an opportunity to turn around the economy like India and China did many years ago, by targeting low cost production that will enable Nigeria to export manufactured goods at scale to other countries.

Nigeria must trade and must seek good trade balances. It is senseless to make your economy a dumping ground that we have been in the last 2 decades.

Today, freight rates from major Asian ports to Nigeria is still about USD1500/20' and it is still significantly higher that Asia to Europe which would not noramlly exceed USD700. The information can be googled. It is available to everyone to see. If a shipping company will check out of Nigeria at the current rates, then it did not really have any reason to be here in the first place.

CBN is rght on one thng. Nigeria cannot be treated as a dumping ground anymore. Low freight rates are good for the economy. At the current rate, any sincere shipping company will still be making a fortune. The main cost of shipping is bunker (oil) which are selling very low right now, meaning that the cost of sailing ships to Nigeria has dropped significantly.

And some Nigerians are crying wolf! I dont understand that.

Forwetinnah:


Which major group. ..you mean an article written by some dolt in order to get the illiterate cattle rearer's attention that landed him a Media PA gig right?! The same 'major media group' said this about boooooohari, how come you're not talking about that? You lot have refused to face reality. W.Bush(Republican) never blamed Clinton(Democrat) for the economic crunch in 07/08...he came, did his best and left. Obama(Democrat) never blamed W.Bush(Republican) for the mess he met the US in...he came in, he's done his best and will soon leave! The crop of politicians in the ruling party are all infantile dummies!! Even the ones with some sort of Education and exposure have been rendered worthless by association. Every administration leaves with achievements/accomplishment citizens remember them by, what would boooooohari's administration be remembered for? Blaming-Blamer, think!! It's close to a year already

blackpanda:
[s][/s]


LOAD OF TRASH!

anonimi:



.....while DullardPoo travels north, east, south, west even when no one wants to associate with him
Tragic!
Terrible!!
Pathetic!!!



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baby124:

Oh, I see the level of your intelligence. I don't roll in the dirt with pigs.

kaeforum:


What is he producing, it seems he imports all his raw materials, i dont he is producing anything he just imports, repackages and resells, import based businesses will suffer this time around.