₦airaland Forum

abiolaewuola:
This articles is directed to give recommendations to the government of Federal Republic of Nigeria, under the leadership of President Muhammadu Buhari to ease the present unbearable standard of living in the country.

This is a well analysed consideration and a well assured strategy to bring things back to stable if Implemented

Note: the approach used is in layman style for better and easy understanding by every single Nigerian

1) Forex Policy: Restriction of forex trading by the present government has bring hardship and has been the root of the hardship in the country presently, it has not but hampen on the standard of living of the majority Nigerians.

How/ Why?
What the Market Law says ''In a country or any country who relies majorly on international commodites (Raw material, Finished material) for the regular upkeeping of its market, the major transacting currency rate is key for the stable running of the market''

The Nigeria market relies heavily on the international market in every single sector. Majorly the importation sector and manufacturing sector

Therefore constant availability and easy accessiblitiy of the major transacting legal tender (dollar) should be put in place.

What Happen?
The Buhari Government restricted forex transaction in all publicly available shelves such as local banks, BDCs, it restricted usage of Naira ATM outside the country, It restricted online/ intenet transaction.

Impact!
This leads to scarcity of the legal tender and creates a forex monopoly market.

Present Happenings!
Dealers now pay over the odd to get the legal tender to transact internationally to get products to the market from government single market (CBN and few favorables bank/BDCs) ;
Different process to acquire the legal tender creates a rigid process for dealers in the name of transparency.

What Next?
Creation of forex Black Market, 600% increase in rates cos of scarcity.

How it affects the masses:
Dealers review their commodity pricing for the market, to cope with the current Forex policy change.

Market Reflection
Name everything, it affects everything, the minor but major reflection below
buying Import Materials inflation by 700%, Household stuffs/items by 650% : 5 naira biscuit for 15 naira, 2.5 kobo photocopy - 20 naira photocopy, 5 naira pure water - 20 naira, all minor commodities skyrocket to remain in market.

Solution: Suspend the Forex Ban/ Reset to default settings..

Recommendation: It's a good move by the government to encourage local production of it's regular market but just like a addict who is trying to disengage, it dosent stop the substance on point, it will kill him because the addiction is part and parcel of him which keeps his body system working, just as Nigerians are dying presently because they are deprieved of their addiction, it's a gradual process, taking one step at a time.

2) Rice Importation Ban: it's a good move by the government to sight the need to be independent of the foreign market for the country daily upkeep.

Giving a straight restriction on rice importation without alternatives leads to scarcity of a regular household item.

Impact: Price 1000% inflation, N6,500 - N21k / 18k. Massive effect on the majority. Creation of monopoly of supply to majority, which leads to scarcity.

Solution: Suspend ban on importation of rice.

Recommendation: After suspension, local production of the product should be reimburse with external professional / expert supervision, and be introduce to the market gradually (Nigerians cant change appetite easily) and after reaching stage of independent, ban should be placed on rice importation (nobody will know rice has been ban or it's local rice)

Enact death penalty: Death penalty should be enacted as Law of transparency in public office. Which must be sign together by the wife and a friend to the individual.

Impact: Political and project development will increase.

The wife and friend are the closest adviser to an individual, with their lives in line, transperency will always be consider, just like in China.

Ethnicity/Tribe Crises: Continue detention of the Ipod leader has heighten the agitation from minority to more minority.

Solution:
Release Nnamdi Kanu and Hold public referendum for BIAFRA:
Sticking together as a country remain the option for all Nigerians, a minority of a group can not dictate what the majority of a group wants.
Public referendum should be open by the government for public decision.
The decision will calm all tribes ceding crisis.

That's all

The strategies are easy to design for implementation and If there would be another protest, the protest should centered on suspension of current Forex Policy: it's the biggest root of current unberable standard of living.

My name is Abiola Ewuola
I will be the Nigeria President when i'm 30 Years Old and i will Need your support.

Dont forget to join MuvinBox Nigeria if you have a vehicle, they give you free fuel, cash.

Cheers

5his is the most STUPID idea I have read in a long time. The government should allow importation of everything and the economy will be okay. Okay...I also will become Bill Gates but I won't work, I won't think, I won't innovate, I won't create. I will just stay in my room and become Bill Gates

KanwuliaExtra:
Another abandoned project!
When salaries are still yet to be paid?
Useless Tinz!

There is no abandoned project. The infrastructure is there.
Do you know Egbema at all?. Shell probably has ten gas turbines running their since the early 70s used for oil production. The infrastructure for thermal power is so much in IMO State. It is the cluelessness and corruption of PDP that ruined the South East . Egbema, Oguta, Etelebou all the way down to Ahoada in Rivers State is sitting on unbelievable oil and Agricultural wealth. May God open eyes in this country. At least let it open SW Nigerian eyes I don't think I care much for SE. The S.East is probably Nigeria's richest area but you guys are soul-tied to corrupt and clueless PDP and I think there are satanic influences at work

Please don't do modular refineries. They are not economical or safe. These guys should be employed in the agro_allied sector.
In refineries business, only the biggest are economical. How are you going to supply crude to modular refineries, figures pipes everywhere or by barge or tanker?. That is very unsafe to do in Nigeria.

This is the man who appointed his colleague in NDDC as INEC Rec and got Wike to dole her good money

naijaboy756:
Seems Osinbajo will make a better President.

Not like the 97%- 5% mathematican who has divided Nigeria more than the Civil war did

Buhari is a very good President and is coming back to his seat after a well deserved rest.

pasol4real:
So this clueless n inept economic policies of this government is what u call delayed gratification ?
Chai ,with reasonings like this I fear for the future of this country.
Nnamdi azikiwe,awolowo n the great nationalists must be weeping in their graves now.

Scarcity is a great factory for invention and Innovation.
Someone asked in his post ..What next?. What next is People using their brains. People doing import substitution, people making things in Nigeria.
It worked for India, North Korea, Iran, China, Brazil, South Korea, South Africa. Nigeria's exchange rate is a good pull for investment already. $35billion has flowed in from Nigerians abroad already. Look at textiles that Jonathan comprehensively destroyed through zero action, It is $5bn a year conservative export potential..And the cotton is grown locally.
We have to stop the stupidity that sees Nigeria as only an oil producing country that then converts oil prices to local currency to share inefficiently via corruption, patronage, prostitution to its masses . This is not a modern way to run a country

They look like babies wey dem don remove their feeding bottle

Nigerians killing and eating Dolphins. Nigeria is the most primitive country in the world.

me69:
No point of having rising reserves if the Forex market lacks liquidity and the fundamental problem of efficient forex allocation is not addressed. When eventually the CBN start releasing Forex to people, the demand will be so huge that the reserves will again fall. Plus all these BDCs are just waiting for CBN to start selling at cheap rates so that they can change the nairas they bought at high rates from customers, when this happens it will be the biggest wealth transfer (pure money conversion, not based on production increase) ever seen in Nigeria. BDCs will be so rich that politicians will look like mere civil servants. And inflation will be soo high

No sir. People will re-engineer and Innovate and invent to look for alternatives to forex.They will sell unproductive assets, start being efficient.

Keneking:
Ok

"He also disclosed that with the single-mindedness exhibited by the CBN governor to rebuild FX reserves, he has set a target to grow reserves to $35 by the middle of 2017 and $40 billion by the end of the third quarter of this year."

This statement is useless as there is huge backlog of forex requirement by students (schooling abroad) for tuition purposes and your government is not considering supporting them. I think this reserve build-up is unnecessary. Because the stomach can not be hungry, while soup is in the fridge.

Nonsense.

You must be an Ijaw man. Sorry we are not running Nigeria with clueless Ijaw philosophy again. And yes there could be good in the fridge and the stomach stays have hungry. It is called "delayed gratification". All successful people in the world do it. Ijaws don't do it.

tdayof:
Lol let wait for his reply.
Do you guys operate any UCAV? if no, why? I feel it will be useful for you guys.
What of UAVS, do you operate any big drone?

These UAVs apparently randomly break off signals at long distances from the control stations. There are also a whole bunch of other reliability issues that may be hot weather related. There is no report of successful long duration service on the CH3 and CH4 by any country except Iraq and only for the CH4, yet it took almost a year for the UAVs to get operational in the first placr
Someone should tell us the weather conditions under which the Iraqis recorded their success in Iraq.. The CH5 might be better to hold on for as they would have fed back upgrades from practical experience into the design cycles. UAVS are dead cheap but it is still better not to be losing them too often. If we can get a weaponised Yahbon it might be a better option

tdayof:
https://www.defencetalk.com/wp-content/uploads/2017/02/AR-2-short-range-air-to-surface-missile-696x522.jpg

Can we get the CH4? Henry240

Very unreliable UAVs

DirtyGold:
Whitewashing lies! The Igbos seem to be successful because they've perfected the art of greed and dubiousness. All they care about is money; regardless of how or what they will do to get it. And ofcourse, when something is your stock in trade, you'll device all sorts of tricks and gimmicks to keep your interest afloat (that is when creativity, resilience and courage comes into play). You are thinking of how to help them, they are on the other hand thinking of how to cheat you! Tufiakwa

I have a first hand experience with them so nobody should quote me to tell me shit.

What's tha business?

The apprentice system is the only point. Yes they are greedy, afraid to tell the truth (actually mortally scared of truth), cut corners to make money, are clannish in business and cut off other tribes, not focussed on quality etc.c..... however, this business apprentice ship is a commendable thing that the FG and state governments can build a structure around.

Let her run and win first . I have words to describe Niger Delta people but I will reserve them

Chaii

Mowoe:
Last I checked, they're divorced. That gives em the right to do whatever they want...it's just some of us that can keep our mouths shut that keep worrying about them.

Last I checked they are not divorced yet.

Patchesagain:
T-50 Golden Eagle > M346 Master > Yak-130

1. M346 Master
2. T-50

Nigeria is most likely going to prefer M-346 Master.
It has Yak-130 DNA anyway but our NAF prefers western stuff. What will swing it towards L-15 is the existing weaponization of that platform. With Master you probably have to pay big bucks for integrating weapons

tdayof:
I think if we go for the yak , they'll arrive soon and faster than going for the L15
I think it boils down to those guys at the top if they're in need of new aircrafts.

Moreover, I wish we could get some units of SU27

There is already an MOU/open contract on SU 34. We might get this aircrafts piecemeal starting 2020. Something will shift in WA when we get it.

This little baby can help the economy by just shitting a little less. She will shit a little less if she stops taking milk a little less. She will stop taking milk a little less if she stops wasting calories a little less. She will stop wasting calories a little less if she stops crying a little less. She will stop crying a little less if NEPA will stop taking light a little less.

Let us try to speak the truth always, PDP did not create MTN, Airtel, Glo, Etislat, Dangote Cement, NIPP, Shoprite, privatized NEPA and many more.

The western world did using OBJ. All the positive things during PDP were done by technocrats imposed on Obj and Jonathan by the World Bank, IMF and big multi nationals.

Believe me Soludo, Iweala's, Aganga, Adesina and Mobola Johnson are not PDP. They would take appointment with even Kowa party if they win Election in 2019.

In the Jonathan administration, there were two sets of ministers. All the ministers that messed up were non techno crafts. They were the real Jonathan people like Stella and Moro.

Chai, small pikins dem full Nairaland sha

[quote author=asorockweb post=53563933][/quote]Wrong, wrong, wrong.
JF17 is pay small , small but we will get all three
Super Tucano is going to be very cheap but also pay small, small and we get all three

highrise07:
whether he lives or dies ..... i don't fukkin care . Nigeria needs young and vibrant leaders not some old expired beings recycling themselves as leaders

God forbid any young leader in this country.
The cluelessness I see on Nairaland everyday is fearful enough. A young leader would be someone who grew up as a teen under IBB corrupt Presidency, twenties Abacha's fascism and thirties/ forties under OBJ' s bullying . What would society had taught him with that exposure?. - corruption, lack of vision, cronyism, lack of discipline.
A young man would just be another Jonathan.

KINGwax007:
my friend, those are from illegal refineries, gas don't produce dark fumes

When ND man see truth , him go pick race. If falsehood will take his life he will still follow it. These were the people who unashamedly wrote to the FG to permit local Refineries. This is one sad country

macaranta:
I swear.. The plane looks lame.Any fighter pilot that uses this kinda jet in modern combat is just a sitting duck.

They say ignorance is bliss but your own is torture. It is not a fighter jet. It is a COIN aircraft. It is turboprop. Jets are too fast and too high and cause occasional mis-targetting which led to the bombing of IDP camp. This aircraft is designed for fighting militants and gangs within your borders.

This is the information age. Inform yourself

Proffdada:
Does Brazil manufacture planes? Especially military planes?

Na wa. They do. Since when I was in university. That was decades ago. They started with a small Tucano civil aircraft

bigsmoke2:
This jet fighter is a joke

It is not even a fighter jet. I am really disappointed in Nigerian youths.

SOPIGO:
I laff in Urhobo.... Aircraft from another third world.... Dead on arrival.

It is not a third world aircraft. Top of the line US technologies inside.
Some funny guy on this thread was also talking about Nigeria developing all the technology required.
This is impossible. Embraer the Brazilian manufacturer bought a license from the US and also integrated technology/parts from more than 30 companies in 20 foreign countries to produce the aircraft.

We should just concentrate on broad areas of engines, airframes and avionics and try to catch up fast. Each of these areas also has many technology areas dominated by many companies in many countries. It is not easy so we have to start now

giles14:
when did we acquire Jf17

Actually, when did we acquire C295

giles14:
when did we acquire Jf17

Actually, when did we acquire C295?

vanbonattel:
Have they ever tendered the cash paid to herdsmen in Kaduna to stop killing, or rendered their Ak47 rifles freely used by herdsmen?

Why do you guys reason like this ? It is low IQ. We are talking about corruption. Everybody is against payment to killers. The party that introduced it to National life was the PDP. El Rufai is Ex PDP so it only came natural to him. Since we are on the subject, billions were also paid the Niger Delta militants and they used it to buy weapons to kill, maim, kidnap and rape their Niger Delta women.
IDIOCY becomes Nigeria. Everybody is walking about with low IQ and very strange reasoning and they are not even scared. We have taken where our brains are and replaced it with a small pea shaped organ that makes us less than human
What if you have a case before this judge and the man takes your lawful property and gives it to another?.
What if he unfairly sentences you to dirty Kirikiri prisons after taking money for something you did not do and takes 10 whole years of your life?.
You are defending corrupt judges!. You have to be kidding. Please read the ten commandments well, they are already condemned.
You guys are just cursing yourselves posting rubbish.
And it is of no effect anyway, the more you post to defend corruption the more the DSS/EFCC/NSA guys get more angry and bare fangs.

Don't let them fool you. F35 is the best plane in the world after the Raptor