jara:
While other continents are waking up to consequences of Devaluation and even use it to their advantage (China); Africans still believe there is salvation in sight doing the same thing since the 70s.

When is it or what is worse than Zimbabwe dollars?

mrvitalis:

How do you think Nigerian super eagle would perform if the players are selected in the same nepotistic way leaders in Nigeria are selected

You can't even begin to talk tactics when you haven't been able to assemble your best brains

Nigeria is enjoying the consequences of years of nepotistic promotion, appointment and selections

Government is not rocket science

jara:
Why are we like this? So hypocritical it hurts.

This same guy supported Structural Adjustment, every devaluation even when IMF "regretted" not taking socioeconomic culture into consideration.

Who has monopoly on best brains, merit, selfishness and greed in Nigeria?

Maybe Ebele Azikiwe Jonathan who cornered all the powerful economic, head all the constitutional committees positions and Army with Biafrans.

Only in Nigeria are your types relevant.

mrvitalis:

You are here jumping from pillar to post can't even make a simple point

Devaluation is the solution but there are other things you must do to accompany floating of a currency

Where is the access to credit?
Were is the economic framework to make raw materials importation easy
In fact where is the government frame work guide for areas we had comparative advantage

Nothing zero

Yes PDP was corrupt yes absolutely but they were at least moving in the right direction

What won't you give to have our economy back to how it was in 2015 ? Tell me

jara:
Why are we like this? So hypocritical it hurts.

This same guy supported Structural Adjustment, every devaluation even when IMF "regretted" not taking socioeconomic culture into consideration.

Who has monopoly on best brains, merit, selfishness and greed in Nigeria?

Maybe Ebele Azikiwe Jonathan who cornered all the powerful economic, head all the constitutional committees positions and Army with Biafrans.

Only in Nigeria are your types relevant.

jara:
So in 2015, the best brains rescued Nigeria from abject poverty?

You can never change until you see Nigeria sink to the bottom of the ocean.

Then Japa! Or maybe you have, making money to support your family there by sucking every living cell and blood out of Nigeria.

mrvitalis:

2015 was not good but better than today reason I supported apc who have now become worse at everything PDP was bad at

Added Tribalism n nepotism to it... Yet instead of you to call them out you are being tribal

jara:
While other continents are waking up to consequences of Devaluation and even use it to their advantage (China); Africans still believe there is salvation in sight doing the same thing since the 70s.

When is it or what is worse than Zimbabwe dollars?

Tianamen1:


There are external factors that have changed since 2014, that have adversely affected Nigeria. This include the Shale oil revolution, the U.S. increase in interests rates, China-U.S. trade relations, Covid-19, global debt crisis, etc. Nigeria did not plan for these events. When things were good for Nigeria between 2004-2014, we should have invested in basic education, physical infrastructure, healthcare, and saved money for a rainy day.

Between 2014-2023, we should have implemented some sort of structural adjustment by increasing taxes. Madam Kemi Adeosun tried to implement this but was removed on the flimsy basis of not having an NYSC certificate.

Even if Adeosun was successful, Nigeria would still have passed through some trying times, but it would not have been this bad.

What MrVitalis is trying to say is that if smarter people were at the helm of affairs in Nigeria, better decisions would have been made. He is absolutely right.

jara:
Thanks.

Buy all the problems you indicated happened to every country and they bounced out of it. What I do not like is - if we have, if we have done this or that. If you think things were good between 2004 - 2014, we should cry for Nigeria even then.

Remember, we had a Civil War, the worst calamity apart from earthquake, yet we bounced back. Where are the brains that managed Nigerian economy then?

Who turned us into the most liberal market in the world so that we could import pins, pencils, used goods and garbage looking for dump sites?