₦airaland Forum

TonyeBarcanista:
FFK's salvo on Sheriff remains his personal opinion and does not represent fact. In all honestly, his argument are bereft of logic and defies every atom of common sense.

No one is window-dressing Sheriff, this is about putting the record straight. Inshallah, we won't rest till Nigerians know the position and character of the man Sheriff.

PS: FFK and co are only bittered that their group lost woefully.

What exactly is this character you would want Nigerians to know?

Abeg, na who send you to be the new defender of Sheriff?

As much as I despise PDP, I wouldn't wish for the party to be associated with people as evil as Sheriff, let alone as leader.

plaetton:
FER is not silly.
But having a dual exchange rates where one is fixed and the other open to market forces is the grand folly.

When was the last time you walked into your bank and got the official FER?
The official FER is just an avenue for fraud for banks and their agents. It's robbing the public to pay the banking class.
It makes noooo economic sense.

On the other hand , let the currency float freely would allow it reach it's equilibrium value, it's real value.
This value may be 500 or 1000, and would sure enough create immediate pain for imports.

But our non oil exports would benefit, grow and their successes seep into the economy.
The non oil exports can potentially create 20 to 30 million jobs if the incentives for profit-making are there.

On the medium and long term, it would force us to look inwards and look local for our basic necessities.

Those who can import and those who want to consume foreign made products would go ahead and pay the higher prices.

When oil prices recover, we would have created so many cottage industries that our economy would become less and less dependent on oil and gas.

Allow the currency float you say? When will it reach its equilibrium?

All these benefits you highlighted can also be achieved with the FER with an additional advantage of supporting our exporters whose products may become uncompetitive with a rapid rise in the dollars.

The key here is reducing imports and aiding local manufacturers to produce for local consumption and increasing our exports. And I think FER isn't a bad idea.

Seun:
Which one? Preventing people from making online payments? Nairaland almost got into trouble over a $200 payment that they blocked. $200!!

That was done to check some excesses which unfortunately, affects even the innocent.

plaetton:
Big laugh out loud.

So fixed exchange rate is The economic policy ?

Anyone with an elementary knowledge of economics will dismiss all this nonsense talk of to devalue or not to devalue.
The currency is already devalued by simple market forces.
Maintaining a phony official rate is the silliest thing any government can do.

Insisting, against market forces, to keep the phoney official rate at $199 shows the very narrow grasp of economics that the present leadership has.

Isn't the FER an economic policy?

Mr.Adams Smith, Please tell us what makes the FER silly and propose a practical way forward.

Kenzico:
What do u mean??

I mean for sponsoring IPoD protests, he should be in prison with the IPoD lord.

plaetton:
Did you say present economic policies ?

What economic policies?

There has been no single economic policy articulated by this administration.
That's what is causing this confusion in the land.

Do you know about the CBN's policy promotion of fixed exchange rate, and politics of currency devaluation?

Abeg swerve one side if you don't know what's happening in your country.

Endorsed.!!!!

No human is perfect, so Buhari isn't an exception. One credit you should give to most Buhari's supporters is their ability to point out the wrongs of the presidency like the delayed appointment of ministers, of the embarrassing national budget.

We all love Buhari because we believe he is the one to take Nigeria to the promised land. But I assure you whenever PMB chooses to take us to the same route as our past leaders, we shall not hesitate to give him the same treatment as GEJ.

Isn't he supposed to be in the same cell with Nnamdi KANU?

Reyginus:
So how is this an exchange rate policy?

It's not. It's the effects of the exchange rate policy.

Reyginus:
So how is it good and our patience key?

It has discouraged importation. The local manufacturers should be encpuraged to keep up with our demands. This may take time though.

Reyginus:
Which present economic policies are you talking about?

The exchange rate policy.

Nigerians are very impatient, forgetful and shortsighted.
We all want change and are not prepared to make sacrifices and undergo the pains that accompany the change.

But I believe with the present economic policies, even though harsh, Nigeria will in the long run become self reliant. Only then can we begin to feel the CHANGE.

Somebody wants to be flogged...

PhockPhockMan:
It's suffered.

C'mon bro, that was intentional. Abi you no sabi pidgin English again?

Leboska:
But your hero no go any one na. We but knows that's why he prefer granting interviews in hausa BBC.

Phew....
English language has suffer.

You seriously need to go back to school.

carinmom:
Thi guy is obviously pained

Very pained indeed.

Just watch as the hypocrites here all pretend not to see the names of the arrested soldiers.

Pidggin:
Dem say GEJ no buy weapons, but dem see to steal

Na catapult soldiers de use before GEJ became President abi?

What are these ibo boys doing with such ammos?

Are they supplying to BH or planning to rescue their lord KANU from jail?

Angelberry:
Admit what? you can continue crushing

Really?

If you want me to crush on you, a GOOD MORNING would have been a befitting start.

Nways.... Good morning!

Angelberry:
Lol, they are the ones liking me

C'mon admit it and don't be shy...

gidjah:
Hahahahahahaha!!! Wa to o,kai baban buhari ne ko?,kai ne magani barayi!

Kai dai bari dan Uwa.

Angelberry:
Forget the President, I dont

Then have faith in the government. The anti corruption fight just started. The major focus now is the arms deal and the Petroleum sector.

Angelberry:
Agreed but they should do something about those two ministers

What exactly? The President has said severally that if there is any genuine evidence indicting them, it should be brought forward.

Do you have any evidence against them?

Angelberry:
You're derailing this thread, stick to the topic of discussion.

Thanks

OK. Let's commend EFCC for doing a wonderful job.

Angelberry:
I will ignore u

And then what?

Descartes:


Meanwhile, Bokoharam has be technically been defeated while the defeated group are still ravaging borno

All thanks to the ineffectual buffoon and his service chiefs.

FriendChoice:
Pay N10 to my account 4 speaking vernacular

Kai wawa ne?

Ni ba Sambo Dasuki bane.

Angelberry:
Go get your likes and leave my moniker out of your likes hunting. I said my opinion and moved on, you should do same. don't ever quote me again!

And if I do?

Caseless:
Sai a hankali .

Barka da dawo wa!

Angelberry:
Until they trace Ameachi and Fashola loot, I am not impressed

Sorry bro, but nobody is trying to impress you.

At this rate, PMB would not have to borrow a kobo to finance our budget.


Btw: Caseless is on fire today.