Diaspora remittances?
From who, what and where?

You mean HIDDEN LOOT?

They should finish what they have started, else, it will affect their economy badly...

Claim of Britain being largest source of capital inflow requires substantiation

It is not true

Sammiejokes:
I live in the UK and now I know all these analysts sometimes do not know shit. Brexit is the best thing to happen for Nigeria skilled workers. Europeans high skilled workers don't need visas presently, after Brexit, that changes. Europeans, Asians, Africans will now apply on same point base system just like what you have in Canada and Australia.
As much as there is a very big uncertainty about the UK economy but saying Naija go loose naa practical lie but a time for my people to see the opportunities coming.

What you just said now is more of an internal Affair, the topic is basically about international trade relations. The UK will not have as much Job to offer foreigners when they pull out. More foreign businesses will shut down due to their exit.

[Youre indeed vast in international diplomacy...keep it up....quote author=Dirkcoyt post=73479480]

It was a great mistake they regret! Migration was the main motivation but the people who voted were to ignorant about its economic impact.[/quote]

komodapson:
[Youre indeed vast in international diplomacy...keep it up....quote author=Dirkcoyt post=73479480]

It was a great mistake they regret! Migration was the main motivation but the people who voted were to ignorant about its economic impact.

Only time will tell whether it was a mistake.
What is wrong with wanting to control immigration?
In the short term there may be economic problems but they won't last for ever.
The UK will be fine in 20 years.
Italy passed a budget and was told to go and rewrite it because the EU did not like it.
Life is rarely about binaries.
Everything has advantages and disadvantages.

The truth is that no one can predict the future otherwise they would have predicted the 2008 crash.
The EUROPEAN economies are not doing great just now.
What is happening is a concerted effort by France and Germany to punish the UK as a deterrent to others.
It will not work because the US cannot trust the Germans. When their economy grows they're are known to cause trouble
Today there are 5000 British troops in Germany. and 35000 US troops Why?

It is naive to think this is just Economics.

The US will never allow a situation where Britain becomes weakened and Germany has the opportunity to become a dominant military power

Sufisunni:
. Lol! UK exports to EU amounts 13 to 15% of its British economy and EU exports to UK amounts to 3 to 4% of EU economy
https://fullfact.org/europe/uk-eu-trade/
So, are the effects same on both sides? Certainly not! Millions of jobs will be affected in UK than in EU in 10: 1.
EU bloc has been protectIng expensive UK products since it has a better deal of the products crossing European borders and indirectly given priority before Chinese products. UK products can't compete with Chinese products in global stage(World trade terms), beacuse Chinese products are cheaper. Even Americans like Chinese products beacuse they are cheaper.

UK is not in competition with China as the major export of UK are fuel, chemicals,tobbaco,food and beverages.of the top six country that consume UK products most only 3 Germany, France and Netherland are part of the EU and those 3countries actually take more goods to the UK than they receive from UK. Products made in UK only account for 18% of UK GDP (both The one consume in UK and the one export to other countries) .
The UK won't be much hit. They are only taking a step backward so they can take many steps forward. They are behind Germany, France, Netherland, Italy in EU exports and may soon slip behind Belgium.
Brexit must happen now or in the future. It is good that UK are taking a hit now for the future. When the system is no longer working, you get rid of it. That is why some of us have been calling for the restructuring of Nigeria. Our growth as a country has been stagnant for a long time now and we have even begin going backward. We need to take the brave decision of restructuring this country for future sake

noturbusiness:
I see the UK and US forming a great alliance in the future after brexit to dominate world affairs. I don't see the UK economy getting hit too much. a few years after brexit, everything will be okay again. I have always been a fan of brexit as I feel Europe has been holding them back

U dey see far. I agree with u

socialmediaman:
This is indeed a major source of concern because Buhari and his cabinet don't seem to know Jack about expanding and diversifying Nigeria's trade and investments opportunities globally.

What else do u have to say but blame Buhari like he will be Nigeria's President for ever.

Okoroawusa:

What else do u have to say but blame Buhari like he will be Nigeria's President for ever.

Should I blame Atiku or Sowore? If either of them were there they would be taking the blame too. Buhari should take responsibility as Nigeria’s president, please don’t make exceptions for him

Sufisunni:
. Lol! UK exports to EU amounts 13 to 15% of its British economy and EU exports to UK amounts to 3 to 4% of EU economy
https://fullfact.org/europe/uk-eu-trade/
So, are the effects same on both sides? Certainly not! Millions of jobs will be affected in UK than in EU in 10: 1.
EU bloc has been protectIng expensive UK products since it has a better deal of the products crossing European borders and indirectly given priority before Chinese products. UK products can't compete with Chinese products in global stage(World trade terms), beacuse Chinese products are cheaper. Even Americans like Chinese products beacuse they are cheaper.

Your premise is not logical whether true or not.

How do you come to the conclusion that 3% of EUROPE economy means fewer jobs than 15% of UK economy. ?
That is beer parlour statistics
The EU population is 500million whilst UK is 60 million.
The UK is not a major manufacturer e.g. There is no production British car anymore.
It's main manufacturing strengths are specialist or niche e.g. arms.
Otherwise it is mainly a service economy with particular strengths in finance.

The logic of your job claim is that somehow there is greater manufacturing efficiency per capita in the EU which is absurd..
The world economy is based not just on economic efficiency but the military settlement of 1945,that is why commodities are priced in dollars. It is only the naive that believe America is so rich because of economic prowess.
No it is because Japan, Korea,France and Germany as well as the UK are their vassals
The US will not allow German resurgence to the point where it can once again dominate Europe militarily.

When you read the tea leaves read the military ones. The UK will be fine

0monnak0da:

Your premise is not logical whether true or not.

How do you come to the conclusion that 3% of EUROPE economy means fewer jobs than 15% of UK economy. ?
That is beer parlour statistics
The EU population is 500million whilst UK is 60 million.
The UK is not a major manufacturer e.g. There is no production British car anymore.
It's main manufacturing strengths are specialist or niche e.g. arms.
Otherwise it is mainly a service economy with particular strengths in finance.

The logic of your job claim is that somehow there is greater manufacturing efficiency per capita in the EU which is absurd..
The world economy is based not just on economic efficiency but the military settlement of 1945,that is why commodities are priced in dollars. It is only the naive that believe America is so rich because of economic prowess.
No it is because Japan, Korea,France and Germany as well as the UK are their vassals
The US will not allow German resurgence to the point where it can once again dominate Europe militarily.

When you read the tea leaves read the military ones. The UK will be fine

Please stop spewing nonsense about "vassals" and whatnot. The Bank of England itself just last week published a report stating that even the mildest form of Brexit would cost the UK 3.5% of GNP over the long term, while a "no-deal" Brexit would cause the worst economic contraction since possibly the 2008 crisis; the Prime Minister herself has had to acknowledge this official report, so who are you to be stating facts to the contrary?

https://www.theguardian.com/business/2018/nov/28/bank-of-england-says-no-deal-brexit-would-be-worse-than-2008-crisis

While you're busy sprouting propaganda and conspiracy theories, even the British publish has now moved over to a majority against Brexit, given the economic consequences it has already had, and the even worse ones on the horizon.

https://www.independent.co.uk/news/uk/politics/brexit-poll-remain-leave-eu-theresa-may-deal-vote-referendum-economy-a8659736.html

Maybe the people who actually live in the UK know a thing or two you don't? Just a suggestion.

noturbusiness:

then the blame should go to your leaders not UK as they will also try to get favourable terms for their citizens. we may also be getting more favorable immigration terms as EU workers will have to go through the same application process as us

Wrong



We're a 'former' colony of the Brits and I don't see how we wouldn't be treated as such(except smart people who knows how to negotiate takes vital positions) especially now that the media portrays "the whole lot of us" as scammers et all.

All these "yes sir, yes sir" leaders we have will only lead us into 'fire from the frying pan'. Them dey do the 'yes sir' without any reasonable motive(maybe only their pockets is reasonable enough for them)

Abeg morning brodaly

omohayek:

Please stop spewing nonsense about "vassals" and whatnot. The Bank of England itself just last week published a report stating that even the mildest form of Brexit would cost the UK 3.5% of GNP over the long term, while a "no-deal" Brexit would cause the worst economic contraction since possibly the 2008 crisis; the Prime Minister herself has had to acknowledge this official report, so who are you to be stating facts to the contrary?

https://www.theguardian.com/business/2018/nov/28/bank-of-england-says-no-deal-brexit-would-be-worse-than-2008-crisis

While you're busy sprouting propaganda and conspiracy theories, even the British publish has now moved over to a majority against Brexit, given the economic consequences it has already had, and the even worse ones on the horizon.

https://www.independent.co.uk/news/uk/politics/brexit-poll-remain-leave-eu-theresa-may-deal-vote-referendum-economy-a8659736.html
K
Maybe the people who actually live in the UK know a thing or two you don't? Just a suggestion.

And I live in Ilasamaja?
The Bank of England published a report. So what?
Whatever is in that report is not your illogical claim that

FEWER JOBS WILL BE LOST IN THE EU

That is a fallacy

Is the bank of England Nostradamus?
Stop the emotional twaddle and use your head.
The UK has not been a manufacturing economy for decades.
The largest UK company is BP followed by HSBC and TESCO.
The UK is not reliant on exports of manufactured goods.
Posting irrelevant links is no substitute for thinking
There is no conspiracy theory in the fact that the world economy is based on the dollar as a direct consequence of WW2.
Educate yourself and stop parroting stuff you don't comprehend

0monnak0da:

And I live in Ilasamaja?
The Bank of England published a report. So what?
Whatever is in that report is not your illogical claim that

FEWER JOBS WILL BE LOST IN THE EU

That is a fallacy

Is the bank of England Nostradamus?
Stop the emotional twaddle and use your head.
The UK has not been a manufacturing economy for decades.
The largest UK company is BP followed by HSBC and TESCO.
The UK is not reliant on exports of manufactured goods.
Posting irrelevant links is no substitute for thinking
There is no conspiracy theory in the fact that the world economy is based on the dollar as a direct consequence of WW2.
Educate yourself and stop parroting stuff you don't comprehend

LOL! Sure, why should I pay attention to the Bank of England, the Financial Times, The Economist, Paul Krugman, the US Federal Reserve and everyone else pointing out what ought to be blazingly obvious to anyone who's taken an elementary macroeconomics course, when I can instead submit to the wisdom of an anonymous Nigerian who provides no sources or verifiable evidence to substantiate his ridiculous, paranoid rantings? What do Britain's own Prime Minister and Chancellor of the Exchequer know, in comparison to your own towering wisdom? Tell us again how putting up barriers to trade are the secret to economic prosperity!

As Plato once said, "Wise men speak because they have something to say; F.ools because they have to say something." There's no doubting your membership in the latter category, as you don't even know enough to be embarrassed into silence at your shameful ignorance.

omohayek:

LOL! Sure, why should I pay attention to the Bank of England, the Financial Times, The Economist, Paul Krugman, the US Federal Reserve and everyone else pointing out what ought to be blazingly obvious to anyone who's taken an elementary macroeconomics course, when I can instead submit to the wisdom of anonymous Nigerian who provides no sources or verifiable evidence to substantiate his ridiculous, paranoid rantings? What do Britain's own Prime Minister and Chancellor of the Exchequer know, in comparison to your own towering wisdom? Tell us again how putting up barriers to trade are the secret to economic prosperity!

As Plato once said, "Wise men speak because they have something to say; F.ools because they have to say something." There's no doubting your membership in the latter category, as you don't even know enough to be embarrassed into silence at your shameful ignorance.

Especially when you say what they did not say?
When did they say more jobs would be lost in the EU and what time did the Bank of England find to study the impact in the EU?
Stop talking nonsense
Where is the barrier?
If it is so obvious to anyone who took a basic macroeconomic course why then are they going down this route
Did Ebola wipe out the macroeconomic teachers in the UK?
Plato once said?
Was that in the Bank of England report too?

Switzerland is fine outside the EU
How is immigration equal to trade?
You can trade without aligning legal systems or having one currency.
Refusing to subscribe to the federal government of Europe is not a barrier to trade.
You are clearly parroting the reports you see online without any comprehension of their content

0monnak0da:

Especially when you say what they did not say?
When did they say more jobs would be lost in the EU and what time did the Bank of England find to study the impact in the EU?
Stop talking nonsense
Where is the barrier?
If it is so obvious to anyone who took a basic macroeconomic course why then are they going down this route
Did Ebola wipe out the macroeconomic teachers in the UK?
Plato once said?
Was that in the Bank of England report too?

Switzerland is fine outside the EU
How is immigration equal to trade?
You can trade without aligning legal systems or having one currency.
Refusing to subscribe to the federal government of Europe is not a barrier to trade.
You are clearly parroting the reports you see online without any comprehension of their content

At least I provide reports: where are yours? Go ahead, name a single source which backs up all the twaddle you've vomited out above, show us one reputable expert or economic body which backs up your claptrap. And while we're at it, how lazy and ignorant do you have be not to have done the minimal amount of checking that would have told you that Switzerland is actually bound tightly to the EU by a series of treaties?

https://en.wikipedia.org/wiki/Switzerland%E2%80%93European_Union_relations

As I said, you don't even know enough to know when to shut up and spare yourself further embarrassment. You are as ignorant as they come, and as dumb as a rock to boot.

omohayek:

At least I provide reports: where are yours? Go ahead, name a single source which backs up all the twaddle you've vomited out above, show us one reputable expert or economic body which backs up your claptrap. And while we're at it, how lazy and ignorant do you have be not to have done the minimal amount of checking that would have told you that Switzerland is actually bound tightly to the EU by a series of treaties?

https://en.wikipedia.org/wiki/Switzerland%E2%80%93European_Union_relations

As I said, you don't even know enough to know when to shut up and spare yourself further embarrassment. You are as ignorant as they come, and as dumb as a rock to boot.

That you quote the bible or Quran does not mean it is relevant
You can post the whole internet and abuse your mother and father all night
I am interested in one claim that the
EU
Will lose fewer jobs than the UK

That is nonsense and not backed up by your tangential links

omohayek:

LOL! Sure, why should I pay attention to the Bank of England, the Financial Times, The Economist, Paul Krugman, the US Federal Reserve and everyone else pointing out what ought to be blazingly obvious to anyone who's taken an elementary macroeconomics course, when I can instead submit to the wisdom of an anonymous Nigerian who provides no sources or verifiable evidence to substantiate his ridiculous, paranoid rantings? What do Britain's own Prime Minister and Chancellor of the Exchequer know, in comparison to your own towering wisdom? Tell us again how putting up barriers to trade are the secret to economic prosperity!

As Plato once said, "Wise men speak because they have something to say; F.ools because they have to say something." There's no doubting your membership in the latter category, as you don't even know enough to be embarrassed into silence at your shameful ignorance.

What a dunce you are name dropping just to sound intelligent
Paul Krugman described the Bank of England's figures as
"Dubious "
The immediate past governor of the Bank of England agrees with Paul Krugman
https://www.theguardian.com/business/2018/dec/04/mervyn-king-theresa-may-brexit-deal-mark-carney

But here you are projecting lies on Paul Krugman
Oponu

0monnak0da:

Especially when you say what they did not say?
When did they say more jobs would be lost in the EU and what time did the Bank of England find to study the impact in the EU?
Stop talking nonsense
Where is the barrier?
If it is so obvious to anyone who took a basic macroeconomic course why then are they going down this route
Did Ebola wipe out the macroeconomic teachers in the UK?
Plato once said?
Was that in the Bank of England report too?

Switzerland is fine outside the EU
How is immigration equal to trade?
You can trade without aligning legal systems or having one currency.
Refusing to subscribe to the federal government of Europe is not a barrier to trade.
You are clearly parroting the reports you see online without any comprehension of their content

Britain's case is different from that of Britain.

Britain's case is like a divorce. If there was never any marriage in the first place, there'd be no problem. Divorces are usually messy affairs

Switzerland however has Omohayek pointed out has strong ties with the EU though not a marriage.

If Britain was never part of the EU, there'd never have been a problem

However without free access to the EU market, I doubt Britain would have been as prosperous as it is today

The financial centre that London has become today would be much smaller

The car factories that set up shop here producing both for the British and EU market would be non existent and yet today provide a million well paying jobs in the manufacturing sector!

Most investments into the British economy was because of easy market access into the EU market.

New investments are bound to dry up and other countries will pick up the pieces left from this British folly! The Tories were fully to blame. They should have been pro Euro and campaigned for it

Rather they stuck to the Thatcherite fantasy of leaving the EU and still fully enjoying it's benefits Thatcher's grouse was that UK's budget contribution towards the EEC (when she was last in power) was much higher than what they were getting in return

Truth be told, Brexit is an economic death sentence and foolhardy Brexiteers in the Tories or Labour party should be ignored and a new referendum carried out.

To gauge the benefit of joining EU, simply take a look at the East or Central European countries that joined the EU and those that did not.

Those in the EU have buoyant economies, So buoyant and much prosperous that the citizens from the non member countries go there in droves searching for work. They are considered relatively prosperous.

grandstar:


Britain's case is different from that of Britain.

Britain's case is like a divorce. If there was never any marriage in the first place, there'd be no problem. Divorces are usually messy affairs

Switzerland however has Omohayek pointed out has strong ties with the EU though not a marriage.

If Britain was never part of the EU, there'd never have been a problem

However without free access to the EU market, I doubt Britain would have been as prosperous as it is today

The financial centre that London has become today would be much smaller

The car factories that set up shop here producing both for the British and EU market would be non existent and yet today provide a million well paying jobs in the manufacturing sector!

Most investments into the British economy was because of easy market access into the EU market.

New investments are bound to dry up and other countries will pick up the pieces left from this British folly! The Tories were fully to blame. They should have been pro Euro and campaigned for it

Rather they stuck to the Thatcherite fantasy of leaving the EU and still fully enjoying it's benefits Thatcher's grouse was that UK's budget contribution towards the EEC (when she was last in power) was much higher than what they were getting in return

Truth be told, Brexit is an economic death sentence and foolhardy Brexiteers in the Tories or Labour party should be ignored and a new referendum carried out.

To gauge the benefit of joining EU, simply take a look at the East or Central European countries that joined the EU and those that did not.

Those in the EU have buoyant economies, So buoyant and much prosperous that the citizens from the non member countries go there in droves searching for work. They are considered relatively prosperous.

All this long story is very interesting but irrelevant to the conversation and my point.
I have only one point which is that his claim that there will be more job losses in the UK than the EU is bogus.
So talking about divorce or traditional wedding is off point.
There is nothing like economic death sentence so stop the doomsday talk.
Even if a nuclear bomb was dropped in London the UK will recover
A country that had the resourcefulness to colonize the world will find a way....
Kids read one textbook and they think they know everything

0monnak0da:

All this long story is very interesting but irrelevant to the conversation and my point.
I have only one point which is that his claim that there will be more job losses in the UK than the EU is bogus.
So talking about divorce or traditional wedding is off point.
There is nothing like economic death sentence so stop the doomsday talk.
Even if a nuclear bomb was dropped in London the UK will recover
A country that had the resourcefulness to colonize the world will find a way....
Kids read one textbook and they think they know everything

Your poor understanding of economics is understandable probably gleaned from reading the nylon wraps of indomie your generation are identified with.

I'll just ignore you and advise Omohayek to do likewise. They were probably bathing for you outside when I was in Unilag so I understand where you're coming from.

grandstar:


Your poor understanding of economics is understandable probably gleaned from reading the nylon wraps of indomie your generation are identified with.

I'll just ignore you and advise Omohayek to do likewise. They were probably bathing for you outside when I was in Unilag so I understand where you're coming from.

You are one and the same person as omohayek.
Let us not pretend that there is a universal understending of economics.
Certainly there is no unanimity among economists on the issue

There is clear disagreement between the current head of the Bank of England and his immediate predecessor.
Paul Krugman whom you falsely quoted takes exactly the opposite view to what you attributed to him.
Clearly you are out of your depth, another opinionated ignoramus.

0monnak0da:

You are one and the same person as omohayek.
Let us not pretend that there is a universal understending of economics.
Certainly there is no unanimity among economists on the issue

There is clear disagreement between the current head of the Bank of England and his immediate predecessor.
Paul Krugman whom you falsely quoted takes exactly the opposite view to what you attributed to him.
Clearly you are out of your depth, another opinionated ignoramus.

We both have better things to do than engage in fruitless arguments. I'm also not the insult type. Sorry about the jab I threw at you. You started it by being demeaning for absolute no reason.

Always speak respectfully to others even if you don't subscribe to their thoughts (Read Matthew 7:12, Colossians 4:6)

Have a blessed day. Wish you well. Say hi to Lizzy for me.

grandstar:


We both have better things to do than engage in fruitless arguments. I'm also not the insult type. Sorry about the jab I threw at you. You started it by being demeaning for absolute no reason.

Always speak respectfully to others even if you don't subscribe to their thoughts (Read Matthew 7:12, Colossians 4:6)

Have a blessed day. Wish you well. Say hi to Lizzy for me.

I suggest you chant Ifa
Eji oOgbe and

grandstar:


We both have better things to do than engage in fruitless arguments. I'm also not the insult type. Sorry about the jab I threw at you. You started it by being demeaning for absolute no reason.

Always speak respectfully to others even if you don't subscribe to their thoughts (Read Matthew 7:12, Colossians 4:6)

Have a blessed day. Wish you well. Say hi to Lizzy for me.

I suggest you chant Ifa
Eji Ogbe and Irosun meji
May Ogun protect you

0monnak0da:

I suggest you chant Ifa
Eji Ogbe and Irosun meji
May Ogun protect you

Are you a pagan?

grandstar:


Are you a pagan?

Are you a slave?

0monnak0da:

Are you a slave?

You said I should chant Ogun so just wondering!

Next time, simply say have a blessed day too!

grandstar:


You said I should chant Ogun so just wondering!

Next time, simply say have a blessed day too!

You asked if I am a pagan which makes me wonder whether you have a brain or are using your masters brain.

0monnak0da:

You asked if I am a pagan which makes me wonder whether you have a brain or are using your masters brain.

If a fool should keep quiet, people will think he has sense.

But upon opening his mouth, he removes all doubt!

King Solomon said its better to encounter a bear bereft of its cubs than to encounter a stupid person in his foolishness! How so true!

grandstar:


If a fool should keep quiet, people will think he has sense.

But upon opening his mouth, he removes all doubt!

King Solomon said its better to encounter a bear bereft of its cubs than to encounter a stupid person in his foolishness! How so true!

Quoting King Solomon does not cure foolishness.
Do you have a point?