Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,153,043 members, 7,818,098 topics. Date: Sunday, 05 May 2024 at 07:46 AM |
Nairaland Forum / Nairaland / General / Business / IMF Lists Unpopular Policies CBN Must Reverse (49465 Views)
CBN Must Balance New Naira Notes / Fight Breaks Out In Banking Hall As Bank Refuses To Reverse Customers' Money / Despite Nigeria Border Closure, Benin Republic Maintains Strong Economy - IMF (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (Reply) (Go Down)
Re: IMF Lists Unpopular Policies CBN Must Reverse by jupimusic: 3:48pm On May 01, 2020 |
Nnamdi Kanu antics working mightily... |
Re: IMF Lists Unpopular Policies CBN Must Reverse by olaniyilukman(m): 3:48pm On May 01, 2020 |
Blue3k:You be mumu I swear, for how long are we going to depend heavily on products we can produce locally. The more we import these products, the more our economy will be in shambles, more foreign exchange will be required to facilitate this transaction and it will render our local currency useless and also wipe out industries that produce similar products in Nigeria thereby creating a huge room for unemployment... 3 Likes 1 Share |
Re: IMF Lists Unpopular Policies CBN Must Reverse by islandmoon: 3:51pm On May 01, 2020 |
Blue3k: shut up, stop posting nonsense! live with it because you voted him into power. |
Re: IMF Lists Unpopular Policies CBN Must Reverse by Nobody: 3:53pm On May 01, 2020 |
Blue3k:
|
Re: IMF Lists Unpopular Policies CBN Must Reverse by Blue3k(m): 3:57pm On May 01, 2020 |
olaniyilukman: Mumu which one of these products did you become sufficient in due to the import ban. The import ban doesn't address the productivity issues. Are you self sufficient in beef production or are you still importing cows? The import bans also make manufacturing more expensive. The policy increased unemployment and led to low growth clown. The ERGP failed all its targets. The exact opposite of what you morons claim happened but you guys still run your mouths. Even simple things like unifying the exchange rate was resisted by the CBN. 3 Likes
|
Re: IMF Lists Unpopular Policies CBN Must Reverse by JAMO84: 3:58pm On May 01, 2020 |
Openbusiness:Story |
Re: IMF Lists Unpopular Policies CBN Must Reverse by Nfora: 4:00pm On May 01, 2020 |
Openbusiness: Rubbish write up. Our present inevitable predicament is as a result of past misrule by prior govts,including that of OBJ. Only a stupid economist will compare the present exchange rate with what was obtainable decades ago,to determine better governance. Perhaps you were referring to the oil price during the military era of Obj and not when he was a democratically elected president. Even at that,it is quite stupid to assume that oil revenue at the same price of decades ago would Execute the same value of projects and pay the same amount of salaries and wages of today. During Obj govt,Nigerian became a major global importer of petrol,instead of exporter. And today,you expect us not to suffer for that mismanagement of our resources. You still expect a lower or equal exchange rate? Then you must be a clown. Also only a stupid economist would conclude that an economy is well managed by using oil revenue to pay up all foreign debt ,in the midsts of serious infrastructural deficiency. If OBJ had provided 24hr electricity with the monies used to pay up our debt ,would that not have been better than zero debt and zero infrastructure. Now because of time value of money,we need even greater debt than before,to finance our serious infrastructural gap. OBj govt could not have done better than Buhari's govt during this period of oil price crashes . Infrastructure is very key to economic development. What infrastructure did Obj provide that Buhari has destroyed or not providing? 2 Likes 2 Shares |
Re: IMF Lists Unpopular Policies CBN Must Reverse by TheTourist: 4:05pm On May 01, 2020 |
Borrow and Pay back by doing what we want!! Una don collect money nao..... Mr Follow Follow |
Re: IMF Lists Unpopular Policies CBN Must Reverse by AlhajaChinyere: 4:06pm On May 01, 2020 |
evergreen9: By the time the fat ugly yamlegged woman left we were borrowing money to pay salaries. Nigeria's Eurobonds were raised to pay salaries and pensions, not for infrastructure development. Africas deep taste for importation without producing anything is express way to DOOM! 2 Likes 1 Share |
Re: IMF Lists Unpopular Policies CBN Must Reverse by Nobody: 4:07pm On May 01, 2020 |
A borrower has no choice they must comply. But I feel sorry for the masses, politicians use these funds to enrich themselves, after 4 years it becomes another governments burden and the masses have to grapple with devaluation, reduced purchasing power, higher cost of living and high taxes , too bad. 1 Like |
Re: IMF Lists Unpopular Policies CBN Must Reverse by AlhajaChinyere: 4:07pm On May 01, 2020 |
Oguieke: Pls translate to English |
Re: IMF Lists Unpopular Policies CBN Must Reverse by AlhajaChinyere: 4:09pm On May 01, 2020 |
quentin06: Exactly......I really feel sorry for those getting married to raise a family here. Generational poverty creation! |
Re: IMF Lists Unpopular Policies CBN Must Reverse by pacificom: 4:16pm On May 01, 2020 |
Does it mean naira will bounce back against dollars with this development? |
Re: IMF Lists Unpopular Policies CBN Must Reverse by AlhajaChinyere: 4:17pm On May 01, 2020 |
Blue3k: Idiotic moronic talk. In economics there are time horizons called short term, medium term and long term! In the longer term we are better off STOPING all importation otherwise we will become pure slaves in our own country. 1 Like 1 Share |
Re: IMF Lists Unpopular Policies CBN Must Reverse by DontCough: 4:25pm On May 01, 2020 |
AlhajaChinyere: You're wrong, Nigerians/Africans will rise above your assertions. Don't ask me how, only time will tell. 1 Like |
Re: IMF Lists Unpopular Policies CBN Must Reverse by anonymous1759(m): 4:26pm On May 01, 2020 |
Blue3k: Stop all these Grammar, nothing good comes easy the best way to improve local production is to ban foreign goods, we can open up when Nigeria economy is sufficient to compete. Every country passed through a tough time building her economy. If we build our local industries unemployment will reduce. Maybe you're affected by the policy that's why you're angry but any citizen who's not selfish will agree with the ban of 41 items. Let Generator ban comes next. You'll see the drastic change in power sector. 2 Likes 1 Share |
Re: IMF Lists Unpopular Policies CBN Must Reverse by SalamRushdie: 4:30pm On May 01, 2020 |
Blue3k: Praise the good Lord |
Re: IMF Lists Unpopular Policies CBN Must Reverse by Blue3k(m): 4:32pm On May 01, 2020 |
AlhajaChinyere: Clown that mumu excuse doesn't explain why all the policies failed miserably. The ERGP projected a 4.5% growth rate, 11% unemployment rate all by 2020. You weirdos just start rambling platitudes when you have nothing reasonable to say. It's clear you didnt read the document before rambling. Stopping all importation wont achieve the goals you want. Nigeria has to address the structural issues hindering productivity. There's nothing inherently wrong with importing products. Nigeria is already a net exporter. 1 Like |
Re: IMF Lists Unpopular Policies CBN Must Reverse by afecgivers: 4:39pm On May 01, 2020 |
Blue3k: God bless IMF for having such an eagle eyes. That CBN governor will kill us if care is not taken. |
Re: IMF Lists Unpopular Policies CBN Must Reverse by Blue3k(m): 4:41pm On May 01, 2020 |
anonymous1759: Lol you're hopeless case. Even when you see your policies failed miserably you just start rambling platitudes. These policies you advocate for hard business business. The best way to improve local productivity is buy having lower interest rates and making it cheaper to operate in Nigeria. Nigeria rice policy failed to achieve self sufficiency. The best way to get towards thst goal is with mechanized farming. Eliminating the land use act there by allowing famers to access use loans easier is works aswell. No clown you won't see a drastic change in the power sector. You dont allow power companies to charge market rates for power. 2 Likes |
Re: IMF Lists Unpopular Policies CBN Must Reverse by Owaincouncil: 4:45pm On May 01, 2020 |
Nigeriabiafra80:Where is the reciept |
Re: IMF Lists Unpopular Policies CBN Must Reverse by Nasa28(m): 4:50pm On May 01, 2020 |
AlhajaChinyere: The highest importers are USA China Germany Japan. Are you close to them by any stretch of the imagination? 1 Like 1 Share |
Re: IMF Lists Unpopular Policies CBN Must Reverse by abeggnow: 4:50pm On May 01, 2020 |
Blue3k:why can't people have a discussion without abusive words does it show a lack of maturity Also, my comment is not about President Buhari, everybody knows that his government is not economically sound. My talk is about IMF. The case of Indonesia and Malasia comes to mind 1 Like |
Re: IMF Lists Unpopular Policies CBN Must Reverse by diplomat058(m): 4:51pm On May 01, 2020 |
Blue3k:Telling the government to unban 41 forex items is like asking us to go back to the fays of confusion and lack of focus. Yes, we are not close to where we are going, but we have at least identified, consensually, some of our problems. Just think about it bro, given the high import propensities of Nigerian, dearth of capital, Lilliputian industrial bases, and so on, is this the right time to open our doors to the world? experience has shown that protectionism is a potent tool used by any developing country on it's take off phase but western imperialists and their political economists will not acknowledge this, to sell their products and liberalise for markets to kill their industries, dominate and repatriate capital and returns on equities. 3 Likes 1 Share |
Re: IMF Lists Unpopular Policies CBN Must Reverse by abeggnow: 4:51pm On May 01, 2020 |
Blue3k:why can't people have a discussion without abusive words does it show a lack of maturity Also, my comment is not about President Buhari, everybody knows that his government is not economically sound. My talk is about IMF. The case of Indonesia and Malaysia comes to mind 2 Likes |
Re: IMF Lists Unpopular Policies CBN Must Reverse by abeggnow: 4:53pm On May 01, 2020 |
diplomat058:Indonisia and Malaysia is another prime example. The IMF is nothing but western tool. 2 Likes |
Re: IMF Lists Unpopular Policies CBN Must Reverse by diplomat058(m): 4:53pm On May 01, 2020 |
Blue3k:Oga, you are allowing the IMF to deceive you with false statistics. Why don't you present the Egyptian narrative of the economic growth to counterbalance your IMF claims? The consensus in the circles of Political economists is that IMF is a vendor for its western owners and always push for liberalization for imports to outcompete and kill local industries. Where is Egypt today? Ask Ghanaians for their experience. What about Columbia? The stories are the same. When South Korea used local and foreign capital and facility loans to industrialize in the '70s and '80s, the West attributed the development to the use of neoliberal measures, a claim refuted by the Korean Government. we all read about how Park Chung Hee nationalized the financial powerhouse, power, iron and steel, and attached a death sentence to unauthorized outflow of forex. Tell me, are these liberal strategies? IMF always wanting to reap where it didn't sow and paving way for the neoimperialists. 3 Likes 2 Shares |
Re: IMF Lists Unpopular Policies CBN Must Reverse by thegloor: 4:58pm On May 01, 2020 |
Yankee101: If you have small 3B you won't go to them |
Re: IMF Lists Unpopular Policies CBN Must Reverse by BEEFIE: 4:59pm On May 01, 2020 |
Dpharisee: an Igbo man is in charge of CBN... through his efforts our currency got devalued from 268 now 498 1 Like |
Re: IMF Lists Unpopular Policies CBN Must Reverse by anonymous1759(m): 5:00pm On May 01, 2020 |
Blue3k: Giving soft loans is another factor of improving the economy, but don't allow hate to be cloud your judgement that banning foreign imports won't have positive impact on the economy. Read my post before you quote me ok. I said Nigeria can open her economy for competition when it's strong at this point we need to close down some things we import. If you take a look at the ingenious companies we've doing well its because they've the resource too compete. If you always carry a child on the back he won't learn how to walk. You've to drastic measure sometimes. 2 Likes 1 Share |
Re: IMF Lists Unpopular Policies CBN Must Reverse by thegloor: 5:03pm On May 01, 2020 |
rusher14: You mean stone rice |
Re: IMF Lists Unpopular Policies CBN Must Reverse by thegloor: 5:04pm On May 01, 2020 |
bbode1: They would rather copy China's law that chains people |
(1) (2) (3) (4) (5) (6) (7) (Reply)
Interested Partners For Importation Business Meeting Zone / Stamp Duty Charges Extended To Savings Account / Man Struggles With ATM Machine After His Money Got Stuck In Edo State. Photos
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 97 |