CSTR2:
I doubt that Mr femi.
Their economy is more sophisticated, more diversified, though smaller. Their ICT sector is probably the best in Africa.
Their Currency is competing favourably with the dollar right now, and the standard of living is increasing steadily.
Nigeria is the complete opposite.

obaaderemi:
How, broda?

chrisooblog:
Correction noted. I probably mistook it for the warship NNS Kada.

https://www.channelstv.com/2022/04/02/nigeria-acquires-new-war-ship-nns-kada-to-boost-maritime-security/

That said the point I was making is that new acquisitions for the Navy have helped reduce piracy incidents to zero in H1 2022.

https://www.premiumtimesng.com/news/top-news/544222-nigeria-records-drop-in-sea-robberies-piracy-attacks-report.html

chrisooblog:
Exactly we need to make our economy a productive one so you can earn earn enough FX simple.

In the spirit of learning and debate what do you think we can do to fund infrastructural projects without having to borrow?

lebuhsi:


The PPP model is the most viable, only that investor confidence is lacking.


Lekki deep seaport was built on a PPP model, The Badagry deep seaport would be built on a PPP model.

Now if we can translate that into roads, bridges, sgr, etc it could be a tremendous success for all parties, as those projects would be run on a BOT basis.

It's about strengthening investor confidence as the market is very attractive.

Look at how the NNPC unlocked $50bn worth of investment in the energy sector just because the PIA was passed for instance

https://www.oedigital.com/news/498709-nigeria-s-nnpc-renews-oil-contracts-to-produce-10-bln-barrels

it's about reducing legislative ambiguity, so investors don't feel threatened when there is a change in government thereby removing political uncertainty which has been one of the major reasons for low FDI

obaaderemi:
Brilliant. A serious government will always look for ways to reduce borrowing. That's why I tend to disagree when people say Buhari has not borrowed enough.

We saw it from the lekki port example that there are alternatives to borrowing blindly to build infrastructure. The Apapa road built by Dangote is another example. Supporting and encouraging investments such as the Dangote refinery can also help a serious government save forex. This is why next year's election matters.

obaaderemi:
You know, lebushi, you are very funny.

chrisooblog:
Dangote refinery hopefully should be up and running meaning scarce FX won't be used to import petroleum products. Not that prices of diesel, petrol, kerosene, aviation fuel will drop dramatically but at least this should make the removal of petrol subsidy less stressful.

Gas projects that will come onstream too will help.

Lekki port is a huge game changer could easily become the hub of West African import/export shipping meaning more fx.

Hopefully the siemens deal would have boosted our distribution capacity. Other than that new legislative reforms have taken electricity off the exclusive list so viable wealthier states like Lagos, Rivers, etc can build and operate their own power stations/grid.

However the new president will have to take very bold, painful but needed decisions regarding fuel subsidy and the land use act.

Agriculture will always continue to be a potential gold. Heard recently we've started exporting more ginger than ever before.

Jamestown123:
Very funny. I just the watch una the laugh.

obaaderemi:
The only major impediments to Nigeria's growth when all these projects come on stream are the hydraheaded duo of corruption and Islamic terrorism. Terrorism will continue to reduce the impact of your last point unless we bring in a regime that can take terrorism seriously.

jl115:
Nigerian doesn't have and also hasn't received any Frigates or Cruisers.... The only Frigate that the NN has is NNS Aradu which isn't active anymore.... What you did get was a couple of OPVs and a LST

samorobo:


Hello ji115, how are you doing. I brought you a present. This thumbnail is intact just pleasant


https://www.youtube.com/watch?v=CCsXWf9BMdo

Wotowotonation:


What do you mean by terrorism


Islamic or corruption is not our problem, but we the citizens are our own problem, everyone wants cheap thing in this country.


1. Let remove fuel subsidy they will scream government is wicked and they want to eradicated fuel scarcity.


2. Let expand our tax net they will wail this government want to frustrate the poor and they want the government to build infrastructure and not borrow.


3. Let increase light bill they will say it too much the government hate the poor and they want 24 hrs on interrupted power.


Nonsense....

chrisooblog:
Actually the Apapa road project was a tax holiday kind of arrangement for Dangote. The same arrangement has been arranged for MTN and Glo who will reconstruct roads in the SE and SW for a reduced tax rate.

jl115:
the actual facts:

QuietMynd:
This is for our friends that likes skyscrapercity so bad


https://www.youtube.com/watch?v=HXZ_0wOY96E

samorobo:


lol fake ass media. Enjoy your load shedding bro. Go switch on the generators

GeneralDae:
Dangote Truck Assembly Plant.

jl115:
my bru that's not even from a media outlet.... That's literally straight from Eskom.... Looks like those generator fumes must be getting to you

chrisooblog:
Honestly it's annoying. Government gave some businesses money to private companies to provide electricity meters at a subsidized rate to consumers, but guess what they have chopped the money. Later we will criticize government that the power sector isn't growing. How will it grow when senseless stealing like this happens. Nigeria has to be the only country in the world where we deliberately sabotage what we will even make more money from just for mere small change.

obaaderemi:
How will people not want cheap things when your minimum wage is $50 per month. Meanwhile your stupid politicians including the president ensures nothing happens to their large incomes and perks of office.

Only if you know how costly terrorism is to Nigeria and it's economy you wouldn't be asking me: What terrorism.

Nonsense.

SUFFERInSMILIIN:
Police in the south south of Nigeria have not been paid salary for two years


https://youtube.com/shorts/ftvFnsAFjkI?feature=share


https://www.youtube.com/watch?v=8wtidWsLM6c

Wotowotonation:


Rubbish.....


What was the minimum wages in 2007 or even 2014? stop using that shit to justify laziness Nigerians who wants everything to be cheap or free. They don't want to pay task but always want free quality healthcare, subsidy is among what killed our currency also leads to the so called low wages.


Terrorism did affect our economy because we fail to do the right thing at the right time. Both politicians and the citizens are responsible for the nation down fall so kiss the ugly truth about we are the problem not just the government.

Steve Hanke
@steve_hanke
·
15h
When it comes to the source of Ghana’s economic problems, VP Bawumia plays the BLAME GAME. You know, it wasn’t me, it was the guy behind the tree. Today, I measure GHA's inflation at 80%/yr. Without a currency board, GHA is going down the tubes.

kikuyu1:
AIYAYAYAA!? I ALWAYS knew Ghana beneath the fake stats was in ishyt. Hear the esteemed monetarist Dr Steven Hanke:




Even if all the World Rapers stop their f'ery right now some of us are irretrievably fecked.

GeneralDae:
Suffersmile or whatever, thosle are not Nigerian police forces but volunteers to the Kwara state Government to assist the police locally in the fight against insecurity. Obviously they expected to be paid salaries but the Kwara state Government says there was no agreement to pay salaries from the beginning.