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You may elect to wail at factors you cannot control or store up cash to mop up equities and commodities at very low prices. When the tempest calms, millionaires and billionaires will be minted. Don't forget that this is once in a decade opportunity.

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Adufeamos:
They wil always be worried and fall in trouble they refused to put qualified people in each sector. Mtchewwww......

the world is going into recession, what does qualification have to do with this...It is affecting all economies of the world. No one foresaw this coronavirus

A lazy man will always find an excuse why things are not working,they have finally found Coronavirus as an excuse .

Osidazz19:


This is not like drug business where you can just decide to invest your drug proceeds in an hotel business. The is a real economy where it takes planning, money, talents and many years of investment to diversify.
You really expect Buhari to diversify the economy in 5 years when the economy just getting out of recession?
Yeah must be day dreaming.

Even if oil becomes $200 per barrel, you will still have this goverment give the same excuses of the "last administration".
Go and read of Russia how despite fall in oil prices and western sanctions was able to reclaim the value of their falling currency. How they cut spending, and have been able to build 500billion usd in reserves despite oil at 50 to 60 per barrel which will enable them weather the storm of the next few years. And yes they have also being funding a war in Syria before you say we have insurgency in the North.
The issue is compitence.

Do price fluctuations make any difference to ordinary Nigerian? Whether high it low, the politicians and their cohorts steal all the revenues from oil.

The people are left to live like they are in hell on earth, while the politicians live like emperors without visions and functioning empires.

budaatum:

Don't mind you. He should be farming, and manufacturing, and producing because he is the President of the Federal Republic of Nigeria, while you are diversifying on Nairaland.

what is wrong with what he said ? I thought is the responsibility of a government have an economic policy?has the reverse become the case? I want to believe that most of u doing this zomby wk are intelligent too,maybe the people will chart an economic policy so that Buhari and his gowns can follow, in a bid to support this government u must sound stupid seriously.

Which trouble again? This government itself is a big trouble.

Can anyone give us the economic implications of buying up dollars

budaatum:

Price of petrol at the pump in UK has remained the same too.

Anyone anywhere seen petrol price drop?

do UK pay subsidy?

The Bible says woe unto the land whose king is a child.

We are being governed by mental children in this precarious era where foolishness is not tolerated in the game of nations.

nedekid:

Even if oil becomes $200 per barrel, you will still have this goverment give the same excuses of the "last administration".
Go and read of Russia how despite fall in oil prices and western sanctions was able to reclaim the value of their falling currency. How they cut spending, and have been able to build 500billion usd in reserves despite oil at 50 to 60 per barrel which will enable them weather the storm of the next few years. And yes they have also being funding a war in Syria before you say we have insurgency in the North.
The issue is compitence.

Omo, LMAO. Seriously comparing Nigeria to Russia?

Russia, that has a manufacturing base, Russia that is capable of manufacturing just about anything they want with good technology. Russia that sent humans to space even before the good ol USA? Russia that competes with the US in terms of technology or Nigeria where people only PRAY for technological MIRACLES.

Until you have individuals with serious scientific knowledge and breakthroughs, you are stuck in the 3rd world mode. I beg find better comparison like apples to apples and not apples to oranges.

Urchman200:
do UK pay subsidy?

No. Most of the price of fuel at the pump in UK is tax of 57.95 pence per litre plus 20% VAT.

https://www.gov.uk/tax-on-shopping/fuel-duty

Our case is different Mr. Kyari

hisexcellency34:
Very funny. Who warning epp??

So you don't now some people are just looking to be quoted so they keep posting rubbish aimed at being quoted. And when quoted they become happy.

hisexcellency34:
Are Nigerians not in Hardship already?

we are but winter is coming

Is he related to abba kyari?

Trouble is not for me. My family and I are exempted from the course.

oz4real83:
The price keeps crashing at the international market but remains the same in the Nigerian market while the FG keeps paying fictitious subsidies even renowned economics professors won't be able to explain. This is Nigeria

you get sense? You thinks say Nigerian market na one thing for crude oil. Your govt. dey complain say dem they subsidize petroleum products and you nor fit get sense understand say dem nor dey make moni from crude oil sales in Nigerian market. FYI na international sales nai dey give naija the needed foreign exchange wen dem dey use take power their economy.

This shows that our economy is still at mono level in term of economy in spite of rhetorics and much-talked-about polyproduct economy.(diversification).

Forget the bashing.
Can we just look at the issue raised constructively...

Davash222:
Na you and your family dey for trouble not me!

.

Seriously. Make we suffer so that all the money wey una steal go dry

Yankee101:
Convert your savings to dollars everyone

Why ma’am?

I thought the banishment of SANUSI was supposed to better the Nigerian economy

Something has been bothering me, How is Nigeria as a country going to pay of it's debt, if we no longer have oil? we come back to Agriculture? We go suffer for this con3 no be small it's just a matter of time.

Nothing like hardship for me.

I will simply get my Italian visa and port to Italy one time.

Oh wait... Italy don cast o!

I don die.

[quote author=budaatum post=87359817]
Don't mind you. He should be farming, and manufacturing, and producing because he is the President of the Federal Republic of Nigeria, while you are diversifying on Nairaland.[/quote

Sharap dia elders are talking

Politicians are covered because they already have hardship allowance in place. The common man suffers everything

Smiling.

Urchman200:
what is wrong with what he said ? I thought is the responsibility of a government have an economic policy?has the reverse become the case? I want to believe that most of u doing this zomby wk are intelligent too,maybe the people will chart an economic policy so that Buhari and his gowns can follow, in a bid to support this government u must sound stupid seriously.

Is government going to harvest my bitter leaf and transport it abroad and sell it for dollars for me? Or is my transporting my bitter leaf abroad and selling it for dollars not me diversifying?

Sorry I sound stupid to you. You are the one waiting on government like a zombie though while I'm just selling bitter leaf abroad, for dollars and pounds and euros, with no government input, mind.

ttobizz:
Sharap dia elders are talking.

And who, I wonder, said you, pickin, could talk when we your elders are talking?

Niggeria is already in trouble. What is that fool yammering about? Nothing will change

Deicide:
Something has been bothering me, How is Nigeria as a country going to pay of it's debt, if we no longer have oil? we come back to Agriculture? We go suffer for this con3 no be small it's just a matter of time.

Shey una dey laff people when run comot. Just pray that this corona nonsense passes over quickly