modath:

Na today una realise una wrong approach?

No country that is 90% import dependent can ever be great!! She makes 100 naira & spends 90 of it servicing imports, when others are exporting and adding another 90 from export revenues...

The day i knew this country was done for was when i learnt we import pineapple !! Not even exotic apple, pineapple !! E don be for this country....

As for the destroyers sabotaging critical assets, they can kontinu abeg... their people and cheerleaders are immune from the economic quagmire+ a... ish!! Dem nor dey beg pikin make e nor carry leprosy, as long as e nor mind to say bush alone.....


@ oduastates ,
Brilliant analysis... & to think some idiotas are planning to snuff life out of the fledgling IT field by data tariff increment plan!! The thunder wey go faya some people..

kingphilip:

I think the government isn't encouraging the purchase of locally made goods hence the citizens toing that path..

Lemme begin my research from here.. The rice the first family is eating is it locally manufactured or imported

Atiku2019:
You are Adressing Recession with the Wrong President.......


A man who can appoint 10media aides with no professional Economic Adviser


Atiku2019

Sibrah:
That's the simple and apt explanation most Nigerians may not like or understand.
If we had sizable alternative export good(s) asides oil with which to earn the dollar we badly need to keep buying our N976bn/yr worth of import, no problem, instead we keep depending on the declining oil revenue(due to pipe vandals & global prices) to satisfy our forex need.
Alot people think forex price changes due to policy or leader but I know it is 95% determined by people productiveness and spending pattern.
That's the reason the decline started well before Buhari was sworn in.

olas24u:

In which other country of the world have experienced such an increase within few months?forex is a fraud in this part of the world.everything here is deliberate act to keep the country down.

byrron:
A summary of what the CBN Governor is indirectly saying.

Choosing a man that blames everyone else for his own ineptitudes as the President of Nigeria was obviously a conscious choice by Nigerians.

A man that assembles carpenters to profer solutions to the economic woes plaguing the country he presides over is also a hilarious choice and every country makes the choice where it wants to be.

This is what majority of Nigerians chose for their selves as a country.”

modath:

Na today una realise una wrong approach?

No country that is 90% import dependent can ever be great!! She makes 100 naira & spends 90 of it servicing imports, when others are exporting and adding another 90 from export revenues...

The day i knew this country was done for was when i learnt we import pineapple !! Not even exotic apple, pineapple !! E don be for this country....

As for the destroyers sabotaging critical assets, they can kontinu abeg... their people and cheerleaders are immune from the economic quagmire+ a... ish!! Dem nor dey beg pikin make e nor carry leprosy, as long as e nor mind to say bush alone.....


@ oduastates ,
Brilliant analysis... & to think some idiotas are planning to snuff life out of the fledgling IT field by data tariff increment plan!! The thunder wey go faya some people..

modath:


You are not slick, people more cunning than you can ever hope to be have a hard time inciting/provoking me let alone you small fry... Quit it, you are trying to reach for a ledge far above your head, get a foot stool or get someone to hoist you up... You nor reach! !!

The greetings isn't for the 2014 APC presidential primary in Lagos i guess... Imagine "arranging" every every & still trail a distant 3rd!!!! Atiku I'm sure still relives the nightmare day in day out!!

You lots keep making mouth on the interweb as usual but Atiku won't to either of Obasanjo or Tinubu, his nos dey dem hand & dem go "pless" am till... ...


*mic drop* enough attention granted you, go find some tires to roll & maybe build sandcastle abeg...

michoim:
Evidently the present CNN governor must go...

byrron:
A summary of what the CBN Governor is indirectly saying.

Choosing a man that blames everyone else for his own ineptitudes as the President of Nigeria was obviously a conscious choice by Nigerians.

A man that assembles carpenters to profer solutions to the economic woes plaguing the country he presides over is also a hilarious choice and every country makes the choice where it wants to be.

This is what majority of Nigerians chose for their selves as a country.”

HopeAtHand:



You and oduastates are hypocrites. Had Tinubu been on the good with Buhari you lot would have smoothened it up with skillful writings. Now you have suddenly lost faith in Nigeria and the present government you actively campaigned for. Shame.

juman:


Look, despite the failure of this apc government right now.
But without any doubt voting in apc in 2015 was right choice.
In 2015 election PDP was not an option.

modath:


You are not slick, people more cunning than you can ever hope to be have a hard time inciting/provoking me let alone you small fry... Quit it, you are trying to reach for a ledge far above your head, get a foot stool or get someone to hoist you up... You nor reach! !!

The greetings isn't for the 2014 APC presidential primary in Lagos i guess... Imagine "arranging" every every & still trail a distant 3rd!!!! Atiku I'm sure still relives the nightmare day in day out!!

You lots keep making mouth on the interweb as usual but Atiku won't to either of Obasanjo or Tinubu, his nos dey dem hand & dem go "pless" am till... ...


*mic drop* enough attention granted you, go find some tires to roll & maybe build sandcastle abeg...

saintmark88:
After reading this people still blame buhari for our economic woes: Nigerians are pathetic

MrEverest:
Who else is to be blamed if not the presidiot When he choose to make an enemy out of the oil producing region, and called them 5% who should not expect the same treatment with the parasitic owners of Nigeria, what did you expect Those people should sit back, watch & clap for him as he relegates them while taking away their resources What happened to all inclusive governance? When it took the presidiot 7 months to assemble mediocre and out of tune people as ministers, what do you expect Buhari is the cause of the recession, if he wasnt daft, Nigeria would have at worst, recorded very low growth rates but not this recession and impending depression!

modath:


You are not slick, people more cunning than you can ever hope to be have a hard time inciting/provoking me let alone you small fry... Quit it, you are trying to reach for a ledge far above your head, get a foot stool or get someone to hoist you up... You nor reach! !!

The greetings isn't for the 2014 APC presidential primary in Lagos i guess... Imagine "arranging" every every & still trail a distant 3rd!!!! Atiku I'm sure still relives the nightmare day in day out!!

You lots keep making mouth on the interweb as usual but Atiku won't to either of Obasanjo or Tinubu, his nos dey dem hand & dem go "pless" am till... ...


*mic drop* enough attention granted you, go find some tires to roll & maybe build sandcastle abeg...

Sibrah:
That's the simple and apt explanation most Nigerians may not like or understand.
If we had sizable alternative export good(s) asides oil with which to earn the dollar we badly need to keep buying our N976bn/yr worth of import, no problem, instead we keep depending on the declining oil revenue(due to pipe vandals & global prices) to satisfy our forex need.
Alot people think forex price changes due to policy or leader but I know it is 95% determined by people productiveness and spending pattern.
That's the reason the decline started well before Buhari was sworn in.

chigoizie7:



I quite agree with u that fx can be determined by people's spending and purchase power.

But govt policy is the key thing here.

Let us take a good look @ the rice issues.

1st govt banned the importation of foreign rice( the ports and borders are well manned to prevent smuggling).

2nd, the govt (mostly state governments) helped so many farmers to access loans and start up local rice production in large quantity, even though we are not yet self sufficient, we will get there soon, I believe that.


3rd. Because of the ban on imported rice and extra duty,extra cost of smuggling, the cost of imported rice went up, up that most people can no longer afford it, thus, switched to local rice.

4th, the govt is helping to talk down on imported rice so that local ones will gain relevance in the market. 1st, the customs started by telling us how chemicals are used to preserve rices that has been unable to gain entrance through the shores. 2nd, they told us about substandard rice. 3rd, the issues of plastic imported rice. 4th, some states started banning the sale of foreign rice in their states( example, ebonyi state govt).

What do u call that? My brother, this is also a govt policy as all those that played a role in such policies,media campaigns are all govt agencies.

With all those and more to come, local rice will be stronger in our markets and cheap too.


Once we become self sufficient, there will then be a total and intolerable ban on imported rice. Now check if all or many imported goods are handled the same way this rice issues were handled. The burden on fx will be drastically reduced.

Few months ago, customs reported that rice worth over 3billlion dollars are all stashed in various warehouses both in Benin republic and niger and Chad, waiting to be smuggled into this country.

My brother, if there is no need for importation of rice as govt is so serious on it, 3billion dollars wouldn't be sourced by importers,thus reducing the burden on fx by @least that 3billion dollars or more.



If this country wants to progress, govt has 90% role to play, there are many investors willing to invest, but can only do that if the govt provides an enabling environment for them.

I don't know what transpired between Erisco foods( tomato production) and govt that made them close shops. I heard they were operating while the govt is still allowing imported tomatoes into the markets and are being sold far cheaper than what is obtainable because they are mostly substandard goods.

If govt had created an avenue for local production, create scarcity to give way to local manufactures, once the little ones that are operating are making it big time, others will be forced to cash in on the advantage, there by giving rooms for many other factories to spring up,

Atiku2019:



There's no need calling On thunder to strike anyone dearest Modath it's the CHANGE you all campaigned aggressively for I Only want to know when the online war between Tinubu e-warriors and APC e-warriors will kick off ...Any date yet?

Good Morning

Atiku2019:



There's no need calling On thunder to strike anyone dearest Modath it's the CHANGE you all campaigned aggressively for I Only want to know when the online war between Tinubu e-warriors and APC e-warriors will kick off ...Any date yet?

Good Morning

HungerBAD:
A problem acknowledged,is a problem half solved.

Now that the Nigerian Government knows,that most of those piloting the affairs of the Country's financial matters,ordinarily should not there,then the needful should be done,so we can move on.