This Forex policy is killing
It has affected lots of things already
Biz is hard
I only tot it's for the mean time
But right now it's frustrating

After the china (Yuan) break through for Nigeria, now they resort to blackmail and threat. The pressure on the dollar will definite drop thus killing their campaign for official devaluation.

Lilimax:

Figuratively darling..

IMF on Sucide Watch

teemy:
1. China is nigeria's largest in partner, round tripping to buy a costly dollar to change for the yuan would lead to to losses for the nigerian economy

2. A new business model of buying the yuan and converting to dollars to sell here at a higher price would by law of diminishing returns reduce the black market price hereby correcting it.

3. If nigeria is leading this move of easy yuan access in africa the entire african state would prefer to deal more with yuan than the dollar leading to less demand and lesser dollar value.

I never expected this move but as it is the nigerian president could just have engineered the fall of the US state.

P.S this is just an economic analysis and not political propaganda.

Sorry madam IMF

I was expecting it, the BLACKMAIL is ON

Lol dem don de fear as we have started partnering with china. America don de fear

Next thing the IMF will do is make our situation worse than is now, until the Nigerian masses go to the street to protest against the government. Then, both IMF, USA, world bank, would say ''I told you so''. Then, they would start funding stooge opposition party to bring down the Buhari government. They'll not rest until Buhari succumb to pressure to take their loan or they over-throw him. That's how they operate.

This's no conspiracy theory. It has been used in Argentina, Russia, Iran, Zimbabwe, Indonesia, e.t.c, e.t.c.

Watch out Africans!.

God bless PMB, IMF thought we can't do without them now China is ready to save my dear country with massive Infrastructure, Manufacturing, Mining, Refining and Agriculture.
God bless ME
God bless PMB
God bless PYO
God bless Nigeria
and the rest.

“We remain completely available to help, we believe that it is doable, it can be address.”

Lagarde

abeg i want to knw if we are goin to b save too many treat

Thank God for PMB. Enough of Western blackmail. so she knew all his these before asking Nigeria to devalue Naira. Well, they never meant well us because they know if Nigeria is librated every Africa country will be librated.
Almighty God pass them.

...

I can read the fear on imf and Westerners faces..china is the new world power awaiting....

VocalWalls:
Personally, I will not support a leader who says other parents should withdraw their kids from foreign schools while his own kids have unlimited access to the nation's forex.

IMF is right on this one.

Although they have been pained by Buhari's China move, however, Nigerian students are now suffering.

Thank God many of them are good people, the news should have started reporting a higher crime rate abroad committed by Nigerian students abroad.

R u spewing nonsense because you hate Buhari or Because u dont Understand Simple Economics

musicwriter:
Next thing the IMF will do is make our situation worse than is now, until the Nigerian masses go to the street to protest against the government. Then, both IMF, USA, world bank, would say ''I told you so''. Then, they would start funding stooge opposition party to bring down the Buhari government. They'll not rest until Buhari succumb to pressure or they over-throw him. That's how they operate.

This's no conspiracy theory. It has been used in Argentina, Russia, Iran, Zimbabwe, Indonesia, e.t.c, e.t.c.

Watch out Africans!.

Honestly am not too scared, what scares me is how divided Nigerians are in terms of religion and ethnicity, this is what the west can take advantage of to wreck us. But if we can just forget about last year elections and stand with PMB, the west won't succeed.

The greatest beneficiaries of the China deal are presently from the region that antagonises the present govt the most. They need to get wiser now, the yuan deal is in their favour

All those talking abt treat, did they read wat dis women said at all or they jst run to comment.

FG through CBN do seek advice frm the IMF.

What Largade said is the truth, adding the Yuan to our reserve isn't enough, economics is nt narrow bt broad.

All we export is oil and that's our problem.

Buhari's economic policies are harsh and very devastating to our economy.

She is yet to know that we have dumped dollar for yuan. Flexible gini? Madam park well . We are tired of your negative influence and USA dominance. Ntooor.....

Evil woman. The worst mistake Buhari will make is to listen to this woman. They are unhappy about the agreement with China on Yuan currency and have started the propaganda war with CNN dedicating so much time on Chigbogu Girls and Boko Haram to make us look bad.

She was sent here recently with the same agenda by the West to force PMB to devalue the Naira, when it failed they are now on propaganda mission; the same kind of propaganda they used in hoodwinking the Arabs to destroy their stable countries such as Libya and Syria with 'Freedom and Democracy' led by Hillary Clinton which the Arabs who are now refugees in Europe are regretting today.

Greece and Portugal are in serious financial crisis, why is IMF not asking that the Euro should be devalued because of Greece?

musicwriter:
[s]Next thing the IMF will do is make our situation worse than is now, until the Nigerian masses go to the street to protest against the government. Then, both IMF, USA, world bank, would say ''I told you so''. Then, they would start funding stooge opposition party to bring down the Buhari government. They'll not rest until Buhari succumb to pressure or they over-throw him. That's how they operate.

This's no conspiracy theory. It has been used in Argentina, Russia, Iran, Zimbabwe, Indonesia, e.t.c, e.t.c.

Watch out Africans!.[/s]

If nations where dis blinded i guess they are nt sovereign states.

Your facts are baseless and myopic.

herbie27:
All those talking abt treat, did they read wat dis women said at all or they jst run to comment.

FG through CBN do seek advice frm the IMF.

What Largade said is the truth, adding the Yuan to our reserve isn't enough, economics is nt narrow bt broad.

All we export is oil and that's our problem.

So what is her solution? Devalue the currency abi so that prices of goods can go over the roof than what it is now?

Are who says IMF advice is our best option?

By now, nigerians should have the wise enough to know that IMF is an evil western institutions. What they try to do is to force 3rd world country in to debt they cannot repay so that that they can sell all the national wealth to western companies. Have you wondered why they have privatisation of phcn took place, have u wonder why they are pushing for privatisation of the oil sector and other part of our economy.

You don't need to be an economist to see the obvious. Only a fool would tell me that they can't see the evil work of IMF

ask yourself again, why is she saying this now? That is becos nigeria have now decided to dump the dollars for Chinese yaun. This means, the IMF evil work have fail.they want to put nigeria into serious poverty condition.thank God buhari is wise enough to know this.they are also scare that other African countries will follow as well. This in the long run will completely destruct the western economy.

My point here is that each time a country is about to make a right move to develop herself, IMF have a way of saying that doing it will have grave implications. Take a look at the exchange rate.who is IMF to tell us to devalue our money. There are hidden agenda when IMF give advice to 3rd world countries.

Look at the Western countries economy, why did IMF not go and meet them to to devalue the euro, dollar etc. Even despite that their economy is in complete mess.

my point here is never to listen to IMF.they are there to serve the intrest of western countries

compujyde:


And you really think he won't?

Buhari should have bluffed the West to get better negotiations rather than making an irreversible deal with the Asians.

Military men don't bluff - they make threats and then execute them. Unfortunately his actions will back fire on the masses - who will eventually as we are seeing turn on him!

Don't worry IMF in three to five years time they will come round to realise. The black man is typically slow in their up take, the Nigerian even worse when you throw the usual ethno-sectional spanner in the works. Suffering is their usual means of learning, not history nor 'worked examples'.

repogirl:



Pikin wey dey do gra gra sey im no go greet him elder... Dem go flog am mercilessly and then im go still waka go greet that im elder.

A word is enough. Boooooohari take note.

So are you saying we should bow to imf? Please educate me..

Goke7:

So what is her solution? Devalue the currency abi so that prices of goods can go over the roof than what it is now?

Are who says IMF advice is our best option?

Devaluation of any currency has advantages and disadvantages bt with the best brains in an economy devaluation works and that's why is the last resort in dis situation.

Lagarde is good and that's why she occupies that position.

He shld have asked the Chinese government how they handled their currency devaluation wen ever they do so.

Kemi knows nothing, Emefiele is docile while the president is adamant to take advice wen he failed economics.

No strong economic team.

hadura29:


So are you saying we should bow to imf? Please educate me..

you don't need to bow. In the end, after all the issues have bent you forward, you will find out you have suddenly been bowed.

musicwriter:
Next thing the IMF will do is make our situation worse than is now, until the Nigerian masses go to the street to protest against the government. Then, both IMF, USA, world bank, would say ''I told you so''. Then, they would start funding stooge opposition party to bring down the Buhari government. They'll not rest until Buhari succumb to pressure or they over-throw him. That's how they operate.

This's no conspiracy theory. It has been used in Argentina, Russia, Iran, Zimbabwe, Indonesia, e.t.c, e.t.c.

Watch out Africans!.

Going by current realities and Buhari lack of touch with the masses, Nigerians will gladly troop to the streets to overthrow buhari.

Goke7:


Honestly am not too scared, what scares me is how divided Nigerians are in terms of religion and ethnicity, this is what the west can take advantage of to wreck us. But if we can just forget about last year elections and stand with the PMB, the west won't succeed.

The greatest beneficiaries of the China deal are presently from the region that antagonises the present govt the most. They need to get wiser now, the yuan deal is in their favour

I'm not worried, i believe china too won't sit back , fold their hands & allow the west continue to undermine their interests..... They invited Nigeria over, it wasn't just a back alley chance meeting.

Awa black Jews will change tune, soon as ease of doing biz is strengthened, that one is more important than one yeye ai-em-efu, money gats to be made.

herbie27:
If nations where dis blinded i guess they are nt sovereign states.

Your facts are baseless and myopic.

Mr. Joe Stiglitz (an American) was a former world bank chief economist, and he didn't like what was going on between the IMF, world bank and poor countries. After all efforts to get his organization to change their exploitative ways of doing business, he was fired. Then, he went to the press.

Here is Joe Stiglitz's world bank and IMF's 4 steps to poverty http://www.africason.com/2014/08/world-bank-and-imfs-4-steps-to-poverty.html

You have a choice to educate yourself now or remain forever dumb.

The world bank and IMF are nothing but neo-colonial instruments to keep on exploiting third world countries. They've done more harm than good in most countries. See below for details.

A Typical Example of How the World Bank and IMF Made Ghana Poorer.
http://www.africason.com/2014/08/typical-example-of-how-world-bank-and.html

How The World Bank and IMF Control Poor Nations
http://www.africason.com/2014/08/how-world-bank-and-imf-control-nations.html

IMF and World Bank Are Major Cause of Poverty in Africa.
http://www.africason.com/2014/08/imf-and-world-bank-are-major-cause-of.html

Poor Countries Have Paid More Money to IMF and World Bank Than They Borrowed
http://www.africason.com/2014/08/poor-countries-have-paid-more-money-to.html

Revealed!!. World Bank and IMF's 4 Steps To Poverty - by renegade world bank staff!.
http://www.africason.com/2014/08/world-bank-and-imfs-4-steps-to-poverty.html

How World Bank and IMF Riped-Off Poor African Countries.
http://www.africason.com/2014/08/how-world-bank-and-imf-rip-off-poor.html

World Bank Structural Adjustment Program (SAP) Destroyed African Economies.
http://www.africason.com/2014/08/world-bank-structural-adjustment.html

World Bank and IMF; Agent of Poverty or Development?
http://www.africason.com/2014/08/world-bank-and-imf-agent-of-poverty-or.html

The World Bank and The Development Delusion.
http://www.africason.com/2014/08/the-world-bank-and-development-delusion.html

IMF and World Bank: Puppets of Few Rich Nations.
http://www.africason.com/2014/08/imf-and-world-bank-puppets-of-few-rich.html

IMF and World Bank: Neo-Colonial Tool to Exploit Third World Countries.
http://www.africason.com/2014/08/imf-and-world-bank-neo-colonial-tool-to.html

The IMF and World Bank Help Keep Africa Dependent on More Loan.
http://www.africason.com/2014/08/the-imf-and-world-bank-help-keep-africa.html

IMF Misleads the World With Rhetorics and PR on Poverty Reduction in Africa.
http://www.africason.com/2014/10/imf-rhetorics-and-pr-on-poverty.html

repogirl:
you don't need to bow. In the end, after all the issues have bent you forward, you will find out you have suddenly been bowed.

You're not making sense Ma...