₦airaland Forum

jmoore:
It is textbook economics that will put Nigeria in trouble.

What exactly is the problem? Inflation.

There are many types of inflation. Which type of inflation is Nigeria facing? Cost push inflation.
The removal of fuel subsidy and floating of naira have increased the cost of production which is causing the current inflation.

Can anyone tell me how increase in interest rate will reduce the price of petrol and diesel?

Money in circulation has nothing to do with the inflation we are facing.

Pls help tell LadyExcellency o...
The current high inflation is majorly caused by fx rate as we import a lot.. local food inflation is caused by reduced supply and high diesel cost... The inflation currently is not in anyway caused by excess money supply... So.why raise interest rates so high as to kill manufacturing & d rest of d real sector?
What sort of militant economics is that ?

HeadNigga:
he probably came back to see his people and left thereafter

Lols @HeadNigga, use ur big Head!!
Did he tell u that he came back for visit, did he suggest in any way that he went back?
No go allow ds ur ginger for abroad to lead u where u no know o!
See as u are just give yoursf imagination wey no dey-- he only came for visit. LOL

@HeadNigga, use that ur Head wey big to learn! No go dey do gragra... u r not d only one in d country, pple are also going through things and everybody cannot leave!
Learn!

AuthorMan:
Something like this happened in year 2000.
It was at the bus stop I made up my mind I was leaving naija. Na same year I left. Later came back four years later

AllenSpencer:
Do you know the count of illegals that have become successful across the world. It all depends on his spirit , quest and thirst for success.

Yes, it could be rough at the initial stage, but with focus and perseverance, he will find his balance.

At his age, he is open to all risk.

Big risk, low probability... Not worth living the one life u have like that! Better to even return to the village and be eating fresh food than running helter skelter in a racist land

sweetkev:
Abacha time wasn't tougher than emilokan time.

It was!! Even d govt wasn't paying salaries... I don't know any govt worker that bought car used or tokunbo in that period.

JustPowerApps:
The power failure is the real deal breaker, the rest is not much of a problem, you see that blackout, I can't cope with it.

Better to buy generator or save money for solar panel than to be working & shivering in subzero temperature. Better still relocate to Aba. Think geometric IPP

tensazangetsu20:
That 25 years ago, Nigeria was seen as good and promising.

Tensa, over 25 yrs ago, Nigerians were in a terrible economic state with abacha as HoS. It was worse than now.. pple were being owed salaries... there was no end in sight..
But then it passed.. this will also pass @ HeadNigga.. i feel japa is still not necessary... finances are not the only aspect of your life.. there is family, culture, sense of belonging, raising of children, food, social arrangement, religion, weather etc..

abdeiz:
You like me like this so??

Actually mowe is better than ikorodu in terms of traffic

Why not Ghana?

TradingGod:
...yawns


I never said we don't pass through process, what I said is that we prefer a shorter and simpler process that will lead to the same goal



Technology has come to make things very easy and our generation is taking advantage of that information to achieve things faster and simpler
Unlike the older generations that prefer to stick to the old status quo of doing things


For example back in the days the older folks used school library to do their assignments but today thanks to gen z initiative we can use google to do that same assignment
I can't remember when last I bought or photocopy a textbook or handouts, all I do is to snap them or download the pdf and I'm good to go


You old folks need to understand that the world and it systems are changing, what took you folks years to accomplish can take us days to accomplish same feet


Its the information age baby
It's it either you level up and grow with us or you remain stagnant with the old status quo and become envious of gen z quick rise to power and glory

See this comical child attributing technological developments to his generation.. if it were not for the meticulousness of the previous generations, would u have those technologies u so brag about?

sirgalahad26:
Nobody cares about your ego!

Nah dm be this... nah wetin dm still dey talk.
Simple something called respect for age, hin call am ego show... SMH... spoilt pikin.

Is it the future dollars that has been mortgaged already with previous foreign loans?

You can't just throw the blame at the people... there is a reason why there is something called govt.. the people can't coordinate themselves.. the govt is the one to.coordinate the people... What has the govt done to create an enabling environmental for local production of agric items-- is it by allowing fulani herdsmen crises? We still don't have constant power that is necessary for manufacturing!
If we have these things, local versions of basic imported items can be produced and govt can put hefty tariff on the imported versions to discourage them.

Barrywilly:
This is pure robbery. How can you place an outrageous price of #8 million on 2007 model Toyota Camry?

It is not o... $ today is over N1,800!! So do the maths

Trust God
Pay tithes as income comes in.
MAKE SURE you find a way of learning programming or graphics design or UIUX-- I mean u did CSC.. Find someone to give u old but working laptop. If it so bad u can't get around u, I'm sure if u beg for an old working laptop here on nairaland, someone will give u.
U also did Stats, u should be able to teach maths. Do home lessons to keep body and soul together while u learn a tech skill.

Nilx:
Lol, I'm a Nigerian bro. Where would I get that from? Here is the thing, I just need something that can make disgusting noise that they would understand the reason why we should all choose to make conscious noise at most.

SMH... U just get problem.

Is there really subsidy to start with ?
What u call subsidy due to high fx rate or high crude oil price is what the govt already made in revenue by exporting crude at same high oil price and selling dollars! It's basically in and out with d out part being d subsidy part. Subsidy exists accounting wise, but in real terms there is nothing like subsidy...

The state police must have checks and balances so that enemies of the state gov are not hunted

Nilx:
I don't know why we have a lot of stupid people around here.

Well, I realized how stupid I'm so I tend to to mitigate and reduce how much opinion I have on topics and reduce how much I talk in public place because I realized how wrong I could be and sometime I just keep mute but hey, a lot stupid folks won't even keep shut for minute.

I mean, talk less, make a conscious noise and reduce the unnecessary interaction you have all day. Y'all are too loud, from work to friends, to nearly everywhere.
Part of the reason I'm not concern, sometime I just wish for an ar14 or so, let's make some noise

You wish for an AR? - You are almost a goner!

3.5? Ridiculous !

A lot of our problems are not BLACK man problems they are unique to only Nigeria. They are NIGERIAN problems

NiceLegs:
So what happened to the Wigwe's might not be a natural death but a case of murder. This was posted by an anonymous group months back.

It is well.

Let's watch and pray.


P.S:
When I heard the news on Friday, I felt it in my spirit that the death was not natural. My spirit told me it was a case of murder but I had no proof. Now I'm seeing this. Only God knows the whole truth.

Hmm

The major issue was the helicopter blowing up in flames after the crash... if it had been explosion proof, the deaths may not have happened even after crash..
Also, the copter perhaps wasn't supposed to fly in the kind of weather described

Dozieson:
Good toks is between 7-8m

5m can only do the naija used

Tokunbo 6-7m
Nigerian used: 3.5-5m

Rada rada.. if u like don't form vigilante and empower massively them lime Fayose did in Ekiti.. Be shedding crocodile tears

azeecoboy:
Thanks boss i really appreciate your input

My fear is Nigerian used car could give me issues after purchase

Well... for tokunbo, that will be the 03-06 corolla or camry which is about 4m. Same differences as their 08-11counterparts.. but d 03-06 corolla is a serious hotbed for theft so security of it must not be joked with at all but it's very reliable.
Matrix and pontiac vibe are also great.

guobe:
Do you know how many people are dying from cold abroad especially if they are aged.
It kill my brother.

Don't mind him.. Why not go and live in -20 celcius wearing the light clothes he will typically wear in Nigeria . And btw, u were talking majorly about the discomfort of the weather not about it killing per se.. so I wonder why his life expectancy comparisms

azeecoboy:
I'd be buying my first car.
What car can I get within the 3M to 4M range.
I don't really have any specifications but I definitely don't want a car which would give problem.
Also should be durable and fuel saving

Thanks
Pls I need your suggestions

You didn't state if you don't mind Nigerian used.
For a first car, I recommend the Toyota corolla or camry 08-11 Nigerian used.
The corolla would have to be well secured cos of theft of parts but is more fuel economical while the camry consumes some 20% more fuel and is lower but is more roomy for a family.

It is why Microeconomics is different from macroeconomics! As a family, even a small company, u focus on few things but as a country, u can have several things u export and also other things u produce mainly for local production. Look at USA, hw many goods and services are they major exporters of? - countless. We should be an exporter of different agric items, we should export mineral resources and we certainly can target export of refined minerals and agric commodities!!

mrvitalis:
For the 1000th time APC import of a Nation is never a problem, lack of export is the key issue

It's foolish and primitive to want to produce most things you consum

Pick the few you can prosuce well better than most of the world

Focus on it produce them in excess export and use the earnings to import things you can't produce efficiently

Between a man who farms his own food, treat himself, sow his own clothes, repair his own stuffs

And a man who specialized in one thing say making cloths and buys the rest who would be richer?

It's just basic logic and basic macro economics

bluefilm:
Like your bank account currently, abi?

SMH

bluefilm:
Survival is not for people like me.

Steadily cashing out on a daily on Sportybet

Where would I be in this life now if not for Sportybet

Long Live Sportybet

Smh. You are almost finished...

SmartyPants:
We're fortunate in that most of our food items are locally grown so people can still eat and survive. The pinch is felt more in terms of transport and luxuries.

That's the thing- a good number of food items still have fx component... we still import frozen chicken, fish, flour, palm oil, raw sugar and rice. Even some of our beans comes from d country- Niger... Now, the poultry farms in the country make use of feeds that are mostly imported. Also, diesel is the fuel that trucks use to transport the locally grown foods from the North, farms to the markets.. Diesel in the North is upward N1,300 today