Atlantian:


Words like "devalue the Naira" is not supposed to exist. The right words should be "allow the value of naira to be determined by economic forces" while you block leakages. No one should charge fees and sell items in dollars or any other foreign currency in Nigeria. Close down all USD denominated account and convert the funds at agreed fx rate to Naira, then allow importers to conduct their businesses with certain tact and tax. Right ? But CBN decided to fix false exchange rate for Naira and still changes policy up and down like amarteurs. Do they not know that the single problem facing the economic is keeping funds in foreign currencies called Dorm accounts ?

Close down dorm account and allow every international transfers be settled in our local currency. That solves the very immediate step.

Reference:
I think the American government should stop meddling in our affairs and let us learn from hardship since this is the only logical way of the black man. It is apparent this nation and her leaders are hell bent at remaining beggarly and tied to the yoke of big oil. They don't want to work. Leave the horse at the river. When it is thirsty it will do the needful. Did anyone beg them to remove fuel subsidy.

new2020:
This one nah cake walk for US...Obama go tell Buhari, choose one: devalue Naira or We will openly push for Biiafra Independence and support with military option if need be. Want to end up like Gaddafi? Before him finish, Buhari go say...consider it done!

I assure you between God and man...Buhari will come back and devalue Naira.

Atlantian:


Simple: Radical approach is the answer; Stop giving States Allocation. Yes, stop giving also means stop taking from states. States should exploit their resources and manage their infrastructures and build their power plants, while paying 40% taxes on oil/gas, solid minerals to Federal Government. States should establish their police and clinics and schools.

Federal Government is supposed to be a supervisor of States, not the God of States.

Except we change the governing structure, we must go down, real down.

Atlantian:


Run along boy, shoes get sizes, I am sure you will meet your equal on the way up. I hate trading by the way, when one says I am a businessmen, its only trading that comes to your mind. You shouldnt blame me for your ignorance please. Its best to get adequate knowledge before coming here to debate.

Please dont write again, you seem not willing to de-learn those junks and re-learn working modules.

Kay17:


When you say States should exploit their natural resources what do you really mean? Does that mean direct investment?

Who will pay for the army navy and air force?

Who will manage inter state commerce?

What about air travel sea and rail regulations?

Who will pay for that?

musicwriter:


I believe the government is already allowing verified importers access to dollar to conduct their businesses. But, of course, they can do more.

mutvy:
Ghana devalued the cedis in the 80's and paid heavily for it. I wish what I was reading was false.

Sctests:
Many people talking here do not know that the US brought Buhari to power and have a right to order him around. Buhari is owned by Obama who helped sway the minds of the populace with 'media fixing and doctoring' to elect Buhari when they fell out with GEJ.

Stolen:


Commenting is not by force if u have nothing valuable to contribute. It is better to be silence dan 4 people to know ur empty upstairs.

Until Nigerians exterminate imbeciles, we will continue to suffer. U are a hopeless liability to ur nation.

Kay17:


When you say States should exploit their natural resources what do you really mean? Does that mean direct investment?

Who will pay for the army navy and air force?

Who will manage inter state commerce?

What about air travel sea and rail regulations?

Who will pay for that?

mutvy:
Ghana devalued the cedis in the 80's and paid heavily for it. I wish what I was reading was false.

Atlantian:


1. From Crude Oil, to Gas within States boundaries will be owned by States, mined by States and 40% tax paid to Federal Government. Then Federal Government owns oil and gas deposits outside the littoral zones of the states to 200 nautical miles into the ocean. And keep the proceeds 100%. Same thing with solid minerals. States should sign MoU on FDI with which ever investor they want.

2. Proceeds from the above, and taxes is enough to run any navy, airforce, Federal Police, education etc.

3. Interstate commerce will be managed by the Commissioners of Business And Commerce within the catchment states with supervision from the Minister of Commerce and Industry at Abuja.

4. Air Travel will be regulated by the FAAN and each State can decide to investment intra and international routes, same for Sea Travel, managed my Ministry of Transport.

5. States pay for every obligation from the Federal Government, so each State functions basically as independent unit supervised by Abuja.

The competition will naturally make each State Government follow working prototypes of any turnkey system developed by a better state.

State is where mistakes are made and corrected and certain paradigm modules from states are implemented at Federal level if it was successful in the State.

NavierStokes:


I came across this from before the last general elections, can you please auote aksonmans post on the frontpage. That was from a year ago and GEJ had managed timely devaluations unlike Buhari who has wasted so much time that devaluation now may be detrimental to our economy. The devaluation issue should have been a quick response at the initial stage now we have a very huge gap between the official and parallel rates which may make an eventual devaluation to have significant adverse effect on the economy. Well the inflation is already here.

dunkem21:



Saw this late. Sorry.

Kay17:


In other words to hell with States without oil. Your federal system is based on the conjecture that all States must at least a natural resource. The States without natural resources, will naturally falter and sink into poverty merely because God refused to bury oil under their feet.

Now if the States refuse to pay the federal govt, what will happen? War?

Military budgets can take up to 40 percent of a country's GDP. Military equipment isn't cheap.

FAAN is still a federal body, similarly seaports and rail will have to be administered by the federal govt since they are issues concerning the entire country.

So the federal govt will still be large and will need a large budget to maintain itself.

Kay17:


In other words to hell with States without oil. Your federal system is based on the conjecture that all States must at least a natural resource. The States without natural resources, will naturally falter and sink into poverty merely because God refused to bury oil under their feet.

Now if the States refuse to pay the federal govt, what will happen? War?

Military budgets can take up to 40 percent of a country's GDP. Military equipment isn't cheap.

FAAN is still a federal body, similarly seaports and rail will have to be administered by the federal govt since they are issues concerning the entire country.

So the federal govt will still be large and will need a large budget to maintain itself.

erico2k2:

Check BBC news today. Lol the Saudi where reported to have lost the Oil war as Russia, the US,Iran,Iraq and China Increased production and supply. We must run away from Oil.

macaranta:

Actually that's the proposed OPEC strategy,pump up production rates so that the profit margins for shale oil becomes less lucrative.That is to say,if anyone uses shale technology for production they will be producing at a loss and can't compete with the excessively low pricing of oil,thereby halting shale explorations.

erico2k2:

you are missing the point, shale is actually a cheaper way of getting Oil off the ground.

Makweembo:

SOURCE: http://www.reuters.com/article/us-usa-nigeria-currency-idUSKCN0WU1M4




My comment - I am not surprised. This is EXACTLY what TB Joshua said in his 2016 prophecy: "The president will do everything to reject revaluation of the naira - which is a good idea from a good leader. But there will be overwhelming pressure which he will not be able to resist. Nigerians, support and pray for your leader. The future is crying for help."

new2020:


Personally I think Naira should be devalued to 220 officially. This will bring parralel market rate to 230. This will help ordinary Nigerians. As it's right now only the elite are enjoying the astounding difference in official and parralel market rates.