Niger and Lagos states are taking the biggest chunk of his budget.. He needs to get to the ground and start the work even before the money starts coming in.
Good one sir

Terrorism and Corruption... Nigeria's biggest menaces

acadollar:
Clueless because you fail to talk about the government increasing minimum wage as regards to the inflation so that citizens will not suffer

And you also forget that importers will suffer it the most

Go and find out why Switzerland is world most stable economy... The government tried to increase minimum wage at a time to score cheap political point but the people rejected it in a referendum. They understand why fighting inflation is everyone's business

seunmsg:
Very revealing article. I agree with most of the arguments of the author except the issue of importation not being a problem and devaluation not resulting in serious inflation.

The level of importation in Nigeria today is not sustainable considering the inadequate foreign exchange earnings. Again, if we are serious about creating jobs and becoming a major global economic player, we need to reduce our over dependence on importation and stimulate our manufacturing industry. China and India did not become the second and third largest economy by importation, they achieved the feat by manufacturing almost all their local needs and still manufacturing enough for exportation to other countries. He identified exportation as a problem but the fact is, we can't export when we are not even producing enough to meet local needs. We need to discourage importation to stimulate local production.

The argument that devaluation does not cause serious inflation is just weak. The truth is, the real rate of inflation that the people contend with is not really reflected in the inflation figures that the NBS comes up with. When we devalue, the first thing that will go up is the cost of fuel importation and that is what the present administration can't afford. In calculating the inflation rate, NBS takes a lot of items into consideration and so, the real effect of the increase in petroleum products is watered down in the overall rate.
Again, minimum wage of workers has remain the same since 2011 and inflation has risen by over 5%. Adding another 1-2% to the inflation rate as a result of devaluation without increasing workers salary is wickedness.

No nation on earth can do without importation and no nation has comparative advantage in all products. what you are encouraging is like telling a small family to grow every food they eat, sew every cloth they wear, make every furniture in the house, build their house with their hands, educate their siblings themselves. You this strategy would ensure they minimize outflow and boost their family economy right?
Theory of comparative advantage, specialization and division of labor improves everyone and reduces poverty more than absolute self sufficiency.

seunmsg:
Very revealing article. I agree with most of the arguments of the author except the issue of importation not being a problem and devaluation not resulting in serious inflation.

The level of importation in Nigeria today is not sustainable considering the inadequate foreign exchange earnings. Again, if we are serious about creating jobs and becoming a major global economic player, we need to reduce our over dependence on importation and stimulate our manufacturing industry. China and India did not become the second and third largest economy by importation, they achieved the feat by manufacturing almost all their local needs and still manufacturing enough for exportation to other countries. He identified exportation as a problem but the fact is, we can't export when we are not even producing enough to meet local needs. We need to discourage importation to stimulate local production.

The argument that devaluation does not cause serious inflation is just weak. The truth is, the real rate of inflation that the people contend with is not really reflected in the inflation figures that the NBS comes up with. When we devalue, the first thing that will go up is the cost of fuel importation and that is what the present administration can't afford. In calculating the inflation rate, NBS takes a lot of items into consideration and so, the real effect of the increase in petroleum products is watered down in the overall rate.
Again, minimum wage of workers has remain the same since 2011 and inflation has risen by over 5%. Adding another 1-2% to the inflation rate as a result of devaluation without increasing workers salary is wickedness.

China is one of the worlds biggest importers, they import almost everything into their country especially from Germany and Australia.
But what they do with what they import is the big question. while China transforms the huge imported raw materials to exportable finished products here in Nigeria we consume them and exports virtually next to nothing in return except crude oil. So our export has a concentration risk in crude whose fluctuation mirrors our economy almost immediately.
This is the same problem Finland experienced in the past 10 years when they exported only Nokia phones. Now their economy is in shambles as Nokia went out of market.
Export diversification is the key to any strong economy and China has capitalized on that.

Goldmind1:
The poster was wrong. Instead of saying that Pastor Enoch Adeboye went to Aso Rock to meet PMB, he said it it the other way round. Between the two of them who went to see each other.
I think the SW Christians are selling themselves so each cheap to Islam Fr. Mbaka tried it and the SEasteners tongue-lashed him.
4 out of 6 states in the SW have muslim governors and U people say U are running the biggest churches in Nigeria. I pity people who troop to your churches. I pray in my house and God answers me.
I am not trying to mix tribalism with Christianity but I have seen that the Sw Christians do not allow their Adamic nature to die, rather they boast in hypocrisy.

How many Christian governors have put food on your table?
Don't mix religion and politics cause when they come together to loot our treasury there is no religious differences between them.

This design is flawed because the 2nd Toilet and bathroom does not have a window or a vent

mineANDurs:
RIP ma.
This is why Nigerians go abroad for Medical checkups and treatments. Our educational system is so corrupt, this is the aftermath of upgrading of results by bribe-taking lecturers.

This is what you get when there is an industry that is not regulated or the operator is the regulator.
Both the educational and health sector are the worst performing sectors of this country.
Even Police do better than them.
and its pertinent to say that they have the highest number of professors.
NMA must be proscribed because in the name of strike they have killed thousands of innocent Nigerians

mohciz69:
someone should curb this bastards before it gets out of hand.... naso craze dey start

Thousands of people have been killed and you think its not out of hand already?

ikuku:


Bullshiiite, Mass Murderer Murtala Muhammed was a war criminal and deserves a thousand death like he died. You can join him if you wish and if you are down with him, 4k you too!

A man who defended the his father's land (Midwestern region) against encroaching Biafrans who wanted to add Benin city and Auchi to their to-be-country is now a terrorist? You guys should go and read history.
My dad also fought the war and i will always be proud of him.
May the soul of all that were lost during the war rest in peace.
May the labor of all our heroes Both Federal and Biafrans never be in vain.
Long live Nigeria

I was in this school for 6 years. 1999 to 2005.
During exams to get seat to read at night is a big problem sef.
Nigeria must re-invest a sustainable, autonomous and self sustaining educational system that does not depend on Fed govt for funding. FG and states can then partner on scholarship and student loans while making huge funds available for solution based research and innovation.

When it comes to defending men of God people will fight tooth and nail but when it comes to defending Jesus they will throw in the towel.
See people defending Oyedepo and insulting other humans. committing sin against God to please mere mortals.
I sorry for una

Even high profile multi-national organisations give their staff biscuit and tea before they start any training session...
Some people aren't just happy to see more Nigerian out of school kids getting into the class room.
But whats the relationship between pop corn and movies in silver bird cinema?

Fear catch me as i see that axe and cutlass ooo

A true king has ascended the throne. May his reign bring peace and prosperity to Ife and the world at large. May God keep him so he wont derail from the good path. Amen

300 naira per bag cost of transportation is included in the 1,300.00.
If Government can make rail transport feasible i think the price can go down further

Everyone believes in his oral traditions.
but when 2 oral traditions conflicts then you have to rely on science to identify which is which.
In this ever conflicting history of Yorubas and the Binis i believe asking scientific questions would give clues to the answers of which Empire existed before the other.
1) If both the Ife and Binis had clay n bronze artifacts, which artifacts predates the other?
2) Which of the 2 languages is more sophisticated? example English is less sophisticated than German became it is an offshoot of German. that makes the Britons and offspring of the barbarian Germans/Saxons
3) Existence of Human/animal fossils. which of these places has earlier human fossils/remains
4) Evidences from other neighboring civilizations.
5) Structural evidences,are there existing ancient structures like walls, graves, pyramids, pits, building foundations etc.

Until the Binis and the Yorubas are able to use science to solve these argument we should all remain in peace and embrace each others as humans

bashorunbazok:
Scammer Aye! Please take him to mortuaries across the country and lets see how many dead bodies he will bring back to life.

God's power is not present where its needed, it's present only where its expected.

oshyno:
Soo if pikin chop Nasco bicuit you guyz will check his box that he has eaten food. Chai uwa mmebi. Minister Na biscuit ur shildren they chop for school. Swear say if I open their lunch pack na Nasco biscuit I go see. This govt is a mirrage in promise fufilment.it is well.

If one company make biscuit and another egg and another noddles and another milk another bottle water, no be balance diet be that? Abi dem tell u say na only NASCO dem wan engage for the whole feeding scheme?
Guy go and contribute your own.

Am proud of this National hero

chigoizie7:
Can u imagine, naija soldiers found out that some of the girls are still in contact with their abductors, what happened to the intelligence unit? Those young girls could be used to lure them out of hiding or even lead them to their various camps, but NO, they just seized the phones and relocated them,



Which intelligence body does that?

I taya for our dumb country o

I can't stop thanking God enough anytime i remembered when i almost drove my car with 3 kids playing hide n seek underneath.
I was fortunate to peep at the side mirror to see one of their hands sticking out. by the time i came out of the car and saw them i almost passed out.
Thank God ooooooooooo

Everyone with the measure according to his ability

this looks like students checking school result and not job seekers...

where Nigeria wan see $2trill? our cooked GDP is just a little above $500billion.

Holywizard:
TO FUCVK JUST DEY HUNGRY ME

You no see your village shrine chief priest wife? go meet her she go gree for you

Chamberlain my guy any day any time. Sulaimon sabi explain the answer of questions wey him wan ask. when your question becomes more than 3 lines then you shouldn't expect a reasonable answer.

emmykk:
the Nigeria most intelligent woman dead or live has reply buhari men before through her PA as follows.

the money was given out on 3 conditions.
1.the money is for arm and developement
2.the money was given and to be manage by NSA
3.And NSA should be accountable to the president.


they once said Stella oduah bought expensive bullet proof car for aviation ministry and was tag corrupt,today neither efcc or DSS has invited her,she must be vindicated after all.


if federal govt want to rubbish itself let them invite her or involved her by chance.


she once spoke to senate committee and they were looking like slowpoke when he lecture them finance..


I think buhari needs such lecture any way

Only if you knew that over a trillion naira was spent by madam aeropolis to refurbish our airports.
Maybe you think our airports are now world standard

Integrityfarms:
All I see is desperadoes trying to paint the image of our Quintessential, globally recognized economic Amazon. But the more they try the more they get frustrated and our Daughter keeps soaring higher and breaking new grounds #askoshiomole

Only if you knew that her mismanagement has caused the life of 1000s future Quintessential, globally recognized economic Amazon.
Or you think its only norther soldiers/civilians that have lost their lives in this battle?

You can't substitute classrooms with =N=1,000 radio.
Senator go and educate your people
without education how can they decipher the kind of information they get.
Are they zombies?

mavinc4u:


The money is there, remove that money and you will see the point.

My dad is a Muslim and my a Christian and they are not rich. they have lived for decades without issues.
Its only people with complex that attributes everything to money.

that means when Zaria shiites sue now na N99 trillion damages FG go pay. Zakibiam, Odi etc go follow suit.