₦airaland Forum

Saifullah01:
MAN should realise that PMB is trying to optimise the utility of our current reserves subject to a constraint of falling oil prices and unlimited 'raw materials' to be put on that list. So my advice is this:


As unauthodox as it may seem this is a time for Nigeria to boost its local industries. This is like a protectionist regime imposed by the government for local manufacturing to take advantage of by governments refusial to devalue.

I was in kaduna yesterday and met with one of sokoto state government officials, he told me he was coming back from inoson motors HQ to discuss the possibility of supplying 800 sedans to the state government (and am very sure other states are looking towards that direction too).
My fear is does inoson motors have the capacity to service this sudden interest in their motors. So rather than MAN complain on government FX policies they should encourage their members to seize the opportunity. I expect inoson motors to drag CBN top officials to their plant - just like dangote did to his refinery - and secure commitment from the CBN to prioritise them if they choose to request FX for expansion of operations.

I read an article once in the Harvard business review about international businesses in China, the author was complaining about how it takes more than 6 months to obtain a 1 year business permit in China! (You think that was just because of bureaucracy? ). That was their government delibrately protecting local companies from foreign competitors. Little wonder Chinese companies are number 1 in all sector of their economy.

And those that feel devaluation provides some sort of silver bullet, if we devalue then what?

Devaluation is meant to reduce the pressure on governments scarce dollar reserves by freeing it up for "other purposes". But by banning non essential items (call controlled devaluation) government has effectively freed up FX for essential purpose or "other purposes" like importation of raw materials and spare parts for local manufacturing. So let's not get it twisted, devaluation of the naira won't bring down the price the perfume (Montale - black auod) I coughed out 39k naira to buy online to 19k naira.

politricks:
It is vanguard o.

ejiyke2007:
[s][/s]
Close your mouth Obiakpo or obiano is which hunting political opponents not ghost workers

oluface:
i am 101% in love with my pot belle. especially when i put my ankara for body.

francizy:
See how you concluded that they are innocent. I mean, do you even have conscience at all? She wanted to accuse someone of rape, she didn't accuse one boy but four at once and you here claiming she's lying? If all Nigerians have your kind of mentality, girls will continue to be raped from their tender age up to their 50s.

First of, did you even consider that the girl in question is an underaged girl which means that having sex with her is a crime? Do you call a fourteen years old girl raped by some four useless able bodied thugs a hoe?