RTSC:
In fact the Asian tigers have what you called useless currencies when compared with the dollar.

But it is deliberate.

Industrialisation is high, imports are almost non existent, and Standard of living is high.

they are not "useless"

That is just a denomination issue.
A Kilogram is a Kilogram whether you call it 1000 grams or 1000000 milligrams

Jarus:


Smh

Because Nigerian currency is only just approximating its true value

Interesting point. So what's your projection for the naira in the near future?

They should go and " TELL IT TO THE MARINES"

This is PAID PROPANGANDA by the fg

Nigeria kee, ok ooo

na format - sebi we sabi drink crude oil na revolutionists dey come.. awon oshi Buharists

omonnakoda:

There is no obsession.

The exchange rate is not the issue that is just a number but the rate at which it changes
Too rapid change or instability deters investors in the real sector because they cannot plan.

Also it means imported inflationary our manufacturing is next to zero.

If we had substantial industrial capacity like those countries you mentioned it would be different

But the FG is not focusing on the fundamentals.

They are spending billions of dollars defending the currency.

Billions that should have gone into Elecyricity, infrastructure.

Let the naira crash, any company that want to go should go, pour the billions of dollars into the fundamentals.

Those companies will come back in time and we will have a real economy.

omonnakoda:
they are not "useless"

That is just a denomination issue.
A Kilogram is a Kilogram whether you call it 1000 grams or 1000000 milligrams

It is not useless of course ,at least in South Korea.

But based on the definition of the illiterate Nigerian business man, it is useless currency.

Ooni:
paid article

Paid article on Bloomberg? Are you dreaming.. you think it’s punch abi

obstead200:
useless portfolio investors. The vultures are always ready to move in for the kill

But when they aren't attracted, its because government doesn't know what it's doing.

This is what your face is like hearing this news:

AroleOduduwa2:
Paid article, how can investor rush to a country with a messed up a Forex. They should stop wasting our money on PR

Keep quiet

Bloomberg is not a cheap softsell

Buhari is working

ebuka1997:

Paid article on Bloomberg? Are you dreaming.. you think it’s punch abi

yes. it a sponsored advert.

RTSC:

But the FG is not focusing on the fundamentals.

They are spending billions of dollars defending the currency.

Billions that should have gone into Elecyricity, infrastructure.

Let the naira crash, any company that want to go should go, pour the billions of dollars into the fundamentals.

Those companies will come back in time and we will have a real economy.

Actually it is a misrepresentation to say they "spend " to defend.
Naira is a CBN debt and when the CBN sell dollars in exchange for naira It is redeeming its debts.
Those dollars are not government money to spend on anything

I don't know what you mean by let the Naira crash .That is irresponsible.

The naira should trade at realistic rates and if overvalued should adjust but adjustments should not be abrupt.

Economics is not physics or Mathematics.
There are always emotions involved.

Confidence is important and the fundamental, the real fundamental is our appetite for imported goods must be curbed.

We need to introduce smart protectionism and stop being naive about so called free trade.

There is nothing like that anywhere

RTSC:

[s]But the FG is not focusing on the fundamentals.

They are spending billions of dollars defending the currency.

Billions that should have gone into Elecyricity, infrastructure.

Let the naira crash, any company that want to go should go, pour the billions of dollars into the fundamentals.

Those companies will come back in time and we will have a real economy[/s].

Rubbish.

Would you feed the civil servant earning 45k?

Fastestmanalive:
Who are the audio investors that want to invest in this enugbe kantiri

And I also saw knt the post that we want to borrow again

Enemy of the state

Exc2000:



Nigerian like rejoicing stupidity


Bond means a means of borrowing money and giving the lenders guaranteed intrest after limited time,

the Article says investors interested in our bond market (better said people willing to borrow us money) are rushing Nigeria because they know 2020 would be the year we would have the highest deficit (deficit meaning we not being able to finance our budget or meet up with recurrent and capital expenditure while) while 98% of our income would go to service existing loan after oil price dropped our earnings

So in laymans term, loan sharks and international gbomulalantern are trooping to Nigeria because they know without Oil we would be forced to borrow money from them or die of hunger



.

Why can't Venezuela issue bonds that would be half subscribed if it's so simple?

investors ko festus ni

More like Investors rush to Nigeria to take advantage of the pandemic and cash out big. Greek gift things.

rushing in to wreck the economy further with debts

Fastestmanalive:
Who are the audio investors that want to invest in this enugbe kantiri

And I also saw knt the post that we want to borrow again

i wonder de person wan commit suicide

Can a good Economist explain what this post means? Are these audio investors? Is it audio news? Investing in what? They even mentioned IMF loan..I beg better Economist o. Not all these half baked ones..I de wait.

Affordable Europe clothing payment on delivery within Lagos and to all nationwide

1deca:
Good to know, but

There's no other way to God than to call upon Him your self through Jusus Christ. Pls don't make any mistake.

No one is perfect but please accept Jesus Christ as your personally Lord and Savior now because tomorrow maybe too late.

Tell him to have mercy upon you and save your soul and He should please write your name in the book of life, Amen


GOD LOVES US

Are you high?

I already wrote my name in the book of life In nysc camp

LMAO! I THINK NIGERIANS AND MOST AFRICANS COUNTRIES DON'T DESERVE INDEPENDENCE. WE SHOULD HAVE CONTINUED TO BE FULL TIME SLAVES.

WE DEPEND ON WHITES AND COPY THEM SENLESSLY.
I WONDER WHO THE USELESS INVESTORS ARE.

PEOPLE WITH STRONGER ECONOMY ARE OBSERVING LOCK DOWN AND A USELESS COUNTRY LIKE AFRICA WHO HAS LOST AND IS STILL LOOSING MILLIONS OF HER CITIZENS TO HUNGER, BOKO HARAM, POLICE BRUTALITY, POOR HEALTH SECTOR IS FOOLISHLY COPYING DEVELOPED COUNTRIES TO OBSERVE LOCKDOWN.
THE USELESSS POLITICIANS TELL YOU TO STAY AT HOME AND SUFFER WHILE THEY ENJOY ALL THE WEALTH OF THE NATION. THEY CAN TAKE MONEY FROM COUNTRY ANYTIME THEY WANT AND THEY CONTINUE TO STEAL AND MISMANAGE MONEY DONATED BY FOREIGN COUNTIRES AND THE ABACHA LOOT RETURNED.
THEY IMPOSE CURFEWS BUT MOVE ANYTIME THEY WANT TO WITH SIRENS. YOU THINK THEY WANT YOU TO STAY AT HOME BECAUSE THE LOVE YOU? NO. THEY WANT YOU ALIVE SO THAT WHEN THE PANDEMIC IS OVER, THEY CAN CONTINUE TO USE YOU YO GET DONATIONS AND COLLECT TAXES FROM YOU AND LIVE LARGE.

NIGERIA IS TOO USELESS TO BE EXISTING AS A COUNTRY. EVERYTHING IS ABNORMAL ABOUT NIGERIA.
LIES AND DECEIT ALL THE PHUCKING TIME. THEY HAVE BEEN BORROWING BILLIONS OF DOLLARS( BOTH PAST AND PRESENT GOVT) AND HAVE NOTHING TO SHOW FOR IT.
YOU DON'T WANT TO DIE OF COVID BUT YOU ENJOY THE EXTREME HARDSHIP FROM A USELESS GOVT .

Lie, lie, lie. How many times have we read such news from western media. Its all junk. It has no meaning to the man on the street or the phone cards seller at the cornershop.

Golan007:


Why can't Venezuela issue bonds that would be half subscribed if it's so simple?

Venezuela has been a naughty boy.
They nationalised their oil and kicked out US oil companies

Exc2000:



Nigerian like rejoicing stupidity


Bond means a means of borrowing money and giving the lenders guaranteed intrest after limited time,

the Article says investors interested in our bond market (better said people willing to borrow us money) are rushing Nigeria because they know 2020 would be the year we would have the highest deficit (deficit meaning we not being able to finance our budget or meet up with recurrent and capital expenditure while) while 98% of our income would go to service existing loan after oil price dropped our earnings

So in laymans term, loan sharks and international gbomulalantern are trooping to Nigeria because they know without Oil we would be forced to borrow money from them or die of hunger



.

...And by borrowing massively (which our moronic leaders will do), they will lay claim to the best of the nation in years to come!!!

Bottom line, this nation is ripe for the taking!!!...

It's just like a football club going bankrupt, hence begging a wealthy business man to take it over.

Thanks for clarifying for those too dimwitted to comprehend.

More suffering for Nigerians in 2020, as Government would over tax everyone to make up for the deficit in the budget from oil prices, Hike in prices of all commodities as the Naira falls further to the dollars. Once the IMF smiles at you, more hardship is on the way. Mechanized Agriculture is the way out




uote author=olaboy33 post=89799652]Who can explain the Above in English [/quote]

This investors are coming for the kill. They would hold the government by the balls and dictate the rule of the game.

omonnakoda:

Venezuela has been a naughty boy.
They nationalised their oil and kicked out US oil companies

Fact, is not every country can issue government bonds that would be fully subscribed.

Venezuela is a good example.

Exc2000:



Nigerian like rejoicing stupidity


Bond means a means of borrowing money and giving the lenders guaranteed intrest after limited time,

the Article says investors interested in our bond market (better said people willing to borrow us money) are rushing Nigeria because they know 2020 would be the year we would have the highest deficit (deficit meaning we not being able to finance our budget or meet up with recurrent and capital expenditure while) while 98% of our income would go to service existing loan after oil price dropped our earnings

So in laymans term, loan sharks and international gbomulalantern are trooping to Nigeria because they know without Oil we would be forced to borrow money from them or die of hunger

.

It's like big boys calling on one another that it's party time and everyone should come with his or her knife and fork. Party is happening in Nigeria. The West are tricksters. They know how to fiddle with global issues and use it to milk poor nations or countries with stupid and corrupt politicians. I remember Y2K before the end of last millennium. Even this pandemic, they are behind it. Some of them are laughing to the banks.