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The New Kagame? Foreign Media Praise Buhari Govt. For Increased Manufacturing - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / The New Kagame? Foreign Media Praise Buhari Govt. For Increased Manufacturing (1109 Views)

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The New Kagame? Foreign Media Praise Buhari Govt. For Increased Manufacturing by Rosskiki: 12:23am On Nov 27, 2019
Is Buhari the New Paul Kagame?

Nigerian Central Bank's Credit Push Boosts Manufacturing Sector

- Lending in Africa's largest economy has boosted manufacturing in Nigeria by more than $1 billion in six months.

Bloomberg, Al Jazeera.

Nigeria's manufacturing sector is the biggest winner of central bank policies that have forced lenders to extend more credit to the private sector.

Lending to manufacturing companies in Africa's most-populous country from May to the end of October totaled 459.7 billion naira ($1.3 billion), the most in two decades, central bank Governor Godwin Emefiele told reporters Tuesday in the capital, Abuja.

.....................

The central bank last month gave lenders until the end of the year to boost their loan-to-deposit ratios to 65% or risk being fined and expects economic growth to pick up as a result of the policy. Citigroup Inc. and Zenith Bank Plc were among a dozen lenders punished by the bank for failing to meet an earlier target to lend at least 60% of their deposits by end of September.

Nigeria's Monetary Policy Committee held its benchmark rate for a fourth straight meeting, saying the surge in inflation to a 17-month high after the country closed its borders is just temporary.

"The committee urged the management of the bank to sustain its current effort to improve lending to the private sector and to explore other initiatives to provide funding to the other critical sectors of the Nigerian economy," Emefiele said.

SOURCE: BLOOMBERG

https://www.aljazeera.com/ajimpact/nigerian-central-bank-credit-push-boosts-manufacturing-sector-191126174118271.html

2 Likes 1 Share

Re: The New Kagame? Foreign Media Praise Buhari Govt. For Increased Manufacturing by Smithkafors(m): 12:26am On Nov 27, 2019
Una no dey tire?. Continue.... for your informationbuhari is yet to do half of what good luck did.The proof is everywhere.

4 Likes

Re: The New Kagame? Foreign Media Praise Buhari Govt. For Increased Manufacturing by voltron14: 12:50am On Nov 27, 2019
Smithkafors:
[s]Una no dey tire?. Continue.... for your informationbuhari is yet to do half of what good luck did.The proof is everywhere[/s].

What did goodluck do really?
Re: The New Kagame? Foreign Media Praise Buhari Govt. For Increased Manufacturing by Rosskiki: 12:57am On Nov 27, 2019
For someone who supposedly did not 'go to school', Mr President's recent policies certainly seem very well thought-out, creative, imaginative, and effective.

Add this to a record low level of corruption at federal level.

Part of me wishes he could do a third term to be honest.

6 Likes

Re: The New Kagame? Foreign Media Praise Buhari Govt. For Increased Manufacturing by Nobody: 1:23am On Nov 27, 2019
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4 Likes

Re: The New Kagame? Foreign Media Praise Buhari Govt. For Increased Manufacturing by Rosskiki: 1:51am On Nov 27, 2019
BeachTime:
I've read some of your comments and you come across as intelligent, but i'm surprised you support a grossly inept and corrupt government, abnormal governmental system. Nigeria is a failed state and won't develop with this method . It needs to be restructured into a federation where each state or ethnic nation (Yoruba,Akwacross,Igbo,Ijaw,etc.) have autonomy and control of their resources, economy and development. With that,I don't mind if the entire West Africa becomes a country .

The Nigerian senate and government in general should value their people and enact the following laws to help create a saner society towards the path to development.
1. Punishment for fraud should be 20 years in prison .
2. Armed robbery,kidnapping and murder should be swift death sentence. Rape and pedophilia= 10 years .
3. Government official corruption and embezzlement should be 50 years .
4. Ban and criminalize : street or roadside hawking ,wrongful parking ,littering ,child abuse ,overloading of vehicle ; should incur heavy fine or even prison if necessary . Ban burials in private properties. All corpse should be buried at public cemetery.


Nigeria does not have to be moulded in your image for it to be a success. Saying stuff like ''Armed robbery, kidnapping and murder should be swift death sentence....Punishment for fraud should be 20 years in prison.... Government official corruption and embezzlement should be 50 years..'', ignores and disrespects the fact that this is a DEMOCRACY.

Such draconian measures rarely occur in democracies, for the simple reason that necessary compromise amidst competing viewpoints will entail a moderation of extreme impulses, no matter how warranted.

So unless you're saying Nigeria should become a dictatorship, you can forget those ideas. The prevailing wisdom in our democracy is that such vices are best mitigated by increasing economic opportunities for the masses as opposed to more draconian punishment for offenders.

A national ID database is needed to keep tab of activities . Secure the borders and improve security by having CCTV cameras at highways, major roads and other public spaces . Valid National ID should be prerequisite for lodging at hotels, schooling, healthcare, and employment . Uninterrupted electricity . And as mentioned earlier, building codes to ensure better living conditions.
All roads should be built with drainage, sidewalks, road markings and traffic signs.

A lot of these things require money. This thread is about increased manufacturing, which, if sustained, will grow govt coffers to no end via corporate taxes.

4 Likes 1 Share

Re: The New Kagame? Foreign Media Praise Buhari Govt. For Increased Manufacturing by ursullalinda(f): 1:58am On Nov 27, 2019
When i read news like this I just laugh in French......we don't need media hype to notice a working sector.....since this inception of this government , nothing has changed......rather they got worse....the unemployment rate is alarming so where is manufacturing taking place.....or robots are used as staff there.

1 Like

Re: The New Kagame? Foreign Media Praise Buhari Govt. For Increased Manufacturing by Rosskiki: 2:07am On Nov 27, 2019
ursullalinda:
When i read news like this I just laugh in French......we don't need media hype to notice a working sector.....since this inception of this government , nothing has changed......rather they got worse....the unemployment rate is alarming so where is manufacturing taking place.....or robots are used as staff there.

How many factories have you visited in Nigeria this year?

How many factories in Nigeria have you ever visited?

3 Likes 1 Share

Re: The New Kagame? Foreign Media Praise Buhari Govt. For Increased Manufacturing by abbaapple: 2:08am On Nov 27, 2019
BeachTime:
I've read some of your comments and you come across as intelligent, but i'm surprised you support a grossly inept and corrupt government,abnormal governmental system . Nigeria is a failed state and won't develop with this method . It needs to be restructured into a federation where each state or ethnic nation (Yoruba,Akwacross,Igbo,Ijaw,etc.) have autonomy and control of their resources, economy and development. With that,I don't mind if the entire West Africa becomes a country .

The Nigerian senate and government in general should value their people and enact the following laws to help create a saner society towards the path to development.
1. Punishment for fraud should be 20 years in prison .
2. Armed robbery,kidnapping and murder should be swift death sentence. Rape and pedophilia= 10 years .
3. Government official corruption and embezzlement should be 50 years .
4. Ban and criminalize : street or roadside hawking ,wrongful parking ,littering ,child abuse ,overloading of vehicle ; should incur heavy fine or even prison if necessary . Ban burials in private properties. All corpse should be buried at public cemetery.

5.A national ID database is needed to keep tab of activities . Secure the borders and improve security by having CCTV cameras at highways,major roads and other public spaces . Valid National ID should be prerequisite for lodging at hotels,schooling,healthcare, and employment . Uninterrupted electricity .
6.Building codes and agency to ensure building safety,aesthetics,basic amenities , and better living conditions.
7.All roads should be built with drainage, sidewalks ,road markings,trees, and traffic signs .

You do not need the tallest skyscrapers to be a developed nation, just implement the above and Nigeria will be on the path.


angry


Dude is high on Tacha Ciroc!!! Dough some point are valid! But dude this is Democracy!

1 Like 1 Share

Re: The New Kagame? Foreign Media Praise Buhari Govt. For Increased Manufacturing by Nobody: 3:03am On Nov 27, 2019
-

1 Like

Re: The New Kagame? Foreign Media Praise Buhari Govt. For Increased Manufacturing by itsme01: 4:24am On Nov 27, 2019
Buhari is doing everything possible to get Nigeria back on track

3 Likes 1 Share

Re: The New Kagame? Foreign Media Praise Buhari Govt. For Increased Manufacturing by sweetonugbu: 5:39am On Nov 27, 2019
We're not even ashamed using small Rwanda and her president as role models, can entire resources of Rwanda be compared to Lagos state, here we're proud achieving half of what Paul kigame has achieved, THIS IS NOT HOW TO BE PATRIOTIC.
Re: The New Kagame? Foreign Media Praise Buhari Govt. For Increased Manufacturing by Magicians: 5:50am On Nov 27, 2019
How do one respond to this jaundiced intelligent ?! You didn't even disguise fool are now churning out their senseless tot for intellectuals yp afppy as policies.


BeachTime:
I've read some of your comments and you come across as intelligent, but i'm surprised you support a grossly inept and corrupt government,abnormal governmental system . Nigeria is a failed state and won't develop with this method . It needs to be restructured into a federation where each state or ethnic nation (Yoruba,Akwacross,Igbo,Ijaw,etc.) have autonomy and control of their resources, economy and development. With that,I don't mind if the entire West Africa becomes a country .

The Nigerian senate and government in general should value their people and enact the following laws to help create a saner society towards the path to development.
1. Punishment for fraud should be 20 years in prison .
2. Armed robbery,kidnapping and murder should be swift death sentence. Rape and pedophilia= 10 years .
3. Government official corruption and embezzlement should be 50 years .
4. Ban and criminalize : street or roadside hawking ,wrongful parking ,littering ,child abuse ,overloading of vehicle ; should incur heavy fine or even prison if necessary . Ban burials in private properties. All corpse should be buried at public cemetery.

5.A national ID database is needed to keep tab of activities . Secure the borders and improve security by having CCTV cameras at highways,major roads and other public spaces . Valid National ID should be prerequisite for lodging at hotels,schooling,healthcare, and employment . Uninterrupted electricity .
6.Building codes and agency to ensure building safety,aesthetics,basic amenities , and better living conditions.
7.All roads should be built with drainage, sidewalks ,road markings,trees, and traffic signs .

You do not need the tallest skyscrapers to be a developed nation, just implement the above and Nigeria will be on the path.
Re: The New Kagame? Foreign Media Praise Buhari Govt. For Increased Manufacturing by Xisnin(m): 5:52am On Nov 27, 2019
Image laundering
If you want the truth, just follow the money.

You can start from NBS website and compare Nigeria's real manufacturing output pre and post-Buhari.

It is glaring to the blind how this government destroyed a lot of Nigerian-owned manufacturing business.

No serious economics counts lending as an achievement, it is all about results.
Re: The New Kagame? Foreign Media Praise Buhari Govt. For Increased Manufacturing by voltron14: 6:05am On Nov 27, 2019
Xisnin:
Image laundering
If you want the truth, just follow the money.

You can start from NBS website and compare Nigeria's real manufacturing output pre and post-Buhari.

It is glaring to the blind how this government destroyed a lot of Nigerian-owned manufacturing business.

No serious economics counts lending as an achievement, it is all about results.

These manufacturing businesses were producing what?
Re: The New Kagame? Foreign Media Praise Buhari Govt. For Increased Manufacturing by kwalangida1: 7:02am On Nov 27, 2019
[s]
itsme01:
Buhari is doing everything possible to get Nigeria back on track
[/s]
Re: The New Kagame? Foreign Media Praise Buhari Govt. For Increased Manufacturing by waledeji(m): 7:07am On Nov 27, 2019
[s][/s]
kwalangida1:
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Re: The New Kagame? Foreign Media Praise Buhari Govt. For Increased Manufacturing by kwalangida1: 7:07am On Nov 27, 2019
waledeji:
[s]
[/s]
Re: The New Kagame? Foreign Media Praise Buhari Govt. For Increased Manufacturing by waledeji(m): 7:07am On Nov 27, 2019
[s][/s]
kwalangida1:
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Re: The New Kagame? Foreign Media Praise Buhari Govt. For Increased Manufacturing by waledeji(m): 7:08am On Nov 27, 2019
[/s]W[s]
kwalangida1:
[s][/s]
Re: The New Kagame? Foreign Media Praise Buhari Govt. For Increased Manufacturing by kwalangida1: 7:08am On Nov 27, 2019
waledeji:
[s]
[/s]
Re: The New Kagame? Foreign Media Praise Buhari Govt. For Increased Manufacturing by kwalangida1: 7:08am On Nov 27, 2019
waledeji:
[s]
W[/s]
Re: The New Kagame? Foreign Media Praise Buhari Govt. For Increased Manufacturing by waledeji(m): 7:09am On Nov 27, 2019
[s][/s]
kwalangida1:
[s][/s]
Re: The New Kagame? Foreign Media Praise Buhari Govt. For Increased Manufacturing by kwalangida1: 7:10am On Nov 27, 2019
waledeji:
[s]
[/s]
Re: The New Kagame? Foreign Media Praise Buhari Govt. For Increased Manufacturing by Rosskiki: 7:15am On Nov 27, 2019
Xisnin:
Image laundering
If you want the truth, just follow the money.

You can start from NBS website and compare Nigeria's real manufacturing output pre and post-Buhari.

It is glaring to the blind how this government destroyed a lot of Nigerian-owned manufacturing business.

No serious economics counts lending as an achievement, it is all about results.

Stop blaming Buhari for the effects of the 2014 economic crash caused by the fall in oil prices, which led to lack of foreign exchange for companies to buy their foreign inputs.

2 Likes 1 Share

Re: The New Kagame? Foreign Media Praise Buhari Govt. For Increased Manufacturing by Xisnin(m): 8:08am On Nov 27, 2019
Rosskiki:


Stop blaming Buhari for the effects of the 2014 economic crash caused by the fall in oil prices, which led to lack of foreign exchange for companies to buy their foreign inputs.

Hahaha.
Who should I blame?
You?

Breaking news.
Every form of economic improvement or downturn is caused by something,
that doesn't absolve the person in charge of responsibility.

Major highways have become a haven for bandits and kidnappers. We can also
blame climate change for displacing foreign bandits into Nigeria or cattle rustlers or the youths
for being greedy. Are any of these caused by Buhari?

As someone who does research on various topics, you should know the primary function of the government.
The only reason why Buhari is there is to solve problems. Not to make noise, take pictures, blame the opposition,
blame foreigners or what have you.

If he can't handle the position, he should resign and let someone else take charge.


The lack of responsibility is what is killing this country.

1 Like

Re: The New Kagame? Foreign Media Praise Buhari Govt. For Increased Manufacturing by Xisnin(m): 8:14am On Nov 27, 2019
voltron14:


These manufacturing businesses were producing what?
You are not a kid anymore.
Stop waiting to be spoonfed.
Re: The New Kagame? Foreign Media Praise Buhari Govt. For Increased Manufacturing by SarkinYarki: 8:16am On Nov 27, 2019
Nonsense paid publication .instead of working the Buhari govt be wasting money buying articles
Re: The New Kagame? Foreign Media Praise Buhari Govt. For Increased Manufacturing by voltron14: 8:27am On Nov 27, 2019
Xisnin:

You are not a kid anymore.
Stop waiting to be spoonfed.

What is this one saying?

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