₦airaland Forum

pendy79:
I will advice you quit quoting my mention please. Because I hate going back and forth with people who lacks the basic gift of using their brains.

You're talking about divertifying the economy, why didn't you tell your much loved PDP to do so for over 15years they have been in power? Did they try to diversify and the opposition stopped them?

From Obasanjo to Yar-Adua to JonaTAN, which one of them belongs to the opposition? Why do you people come online and just talk without using your medulla at all.

The Economic Management Team of Nigeria has always been under the direct supervision of the Vice President who relates with the President. Don't you think your opinion would have hold water if the opposition had blocked the PDP from diversifying the economy or if they had the power to implement it but didn't.

Fashola did same and the economy of lagos is better for it, he does not need the Federal Allocation to sustain the Government, because of the State policy on IGR which blueprints other APC state governors are implementing.

Stop quoting me if you lack the basic understanding of issues but accuse and insult others for the thing you lack comprehension about.

Ive avoided you because I know your thinking and utterances are inferior and lack commonsense.

They have being diversifying the economic since. Where you might fault them is in the area of not putting so much energy in diversifying our export commodity trade so that we can have a steady flow of dollar notes in times like this.


As for mentioning you, I will continue to give Nigerians a better alternative in economic management devoid of political sentiments


When its time to discuss politics let's discuss when its time to discuss economy let's discuss

Now lets face economy

loopman:
Keep burying your head in the sand and pretending all is well.

Is Nigeria the only country suffering from this falling oil prices ? No!

Why is Nigeria acting like the least unprepared and hardest hit?

Simply bad Economics, both monetary and fiscal!

When did Emiefele become the CBN governor and who was managing the CBN before now.

If we are to be sincere, we
should be questioning Sanusi now.


Checkout what Nku5 wrote above

seguntijan:
That is why he is the president, he has access to all security agency and hhave access to get what he want to ensure nigeria is better so don't give him any flimsy excuses

So tell me what happened at Gwoza


My only disagreement with him is his failure to establish ministry of defense branches through out our higher institutions to work with our educational sector in developing new weapons that can make us independent of western and asian weapons which will help us to achieve military victory outside their help.

pendy79:
My sister I'm just giving her the benefits of doubts. At least she's the only one in this corruption laden government to agree that money is missing from NNPC accounts. She's as guilty as them all. She collects her salary in dollars denomination but she is telling other Nigerians to manage and bear with the economy.

I find it hard to imagine the kind of people that exist in this country, people celebrating and supporting cluelessness and corruption since they feel cultural and religious affinity to the people doing it.

It is well with this country.

You are the one who lacks proper understanding of Nigeria's economy


Until we diversify our export commodity trade, don't expect new inflow of dollar notes.


What happened to Ghana is what is happening to us.


Until we diversify our export commodity trade and ask established Asian/Western electronics mechanical etc industries whose products we import to site their factories in Nigeria, we should not weep when Buhari take over power and fail.


Separate economy from politics.

Ranting by a ......

edogirl2:
I read some where that the $37 billion in reserves will finance our foreign currency and import requirements for 7 months.


7 months only! After that nko? And this is following a sustained period (nearly 4 years) of very high oil prices - a period when Nigeria earned more money than any other 4 years in its history.


Its pathetic. GEJ and his cohorts has done so much damage to this country. The man must go.

My girl think hard, nice and seperate economy from politics


Nigeria gets most of her new dollar notes when we sell our crude oil and the crude oil market has shrinked.


The way out is to expand our export base in order to be able to get new dollar notes.


So killing all our leaders won't solve the problem neither will Buhari's presidency address the issue if he is unfortunate to find other commodities we can export to get new dollar notes.

loopman:
Imports! While I may want to say amen to your prayers, the prognosis going forward is not exactly encouraging.

Nigeria is in for a rough ride and we have little or no external reserve to cushion us, it has almost been squandere by this govt on political patronage of different interests.

You see why I said you don't understand Nigerian economy


The dollar you use to import, where do you think it comes from .? Oil dollar


Now our oil market has shrinked meaning less flow of new dollar notes.


In a time like this when we face serious challenges, it is wise we save all the dollars we can since we depend on foreign goods for survival including military goods for our defense.

pendy79:
As you can see I deliberately ignored you, cos asking me to give you steps on how to nail and end the glaring corruption in the land smack of ignorance or mischief.

If I give it to you, are you in power to implement it or have the resources to combat the forces hell bent on enriching themselves to the destruction of the nation.

Is the first lady not going round the country distributing rice and money now? What happened she didn't do same for the nigerian women she loved so much in 2012, 2013 but just remembered the women need empowerment of jonaTAN rice few months to the general elections

Did the americans voted out the republicans after george bush's economic disaster and chose the the democrats instead? Did the same americans not decided to vote out the democrats few years down the line in mid year elections last week and favored the republicans.

That's the beauty of democracy, putting government and politicians on their toes and letting them know the ultimate power lies with the people and not their cronies.

Learn if you want, read if you want and reason if you want. But the ultimate question is, is the country better with the present crops of looters running it?

Oil was above $167 at a point last year, it was averaging well over $100 for over 4years. Where is the excess earnings from it? Is it in our foreign reserve? Is it in the sovereign wealth fund? Is it in the excess crude account? Is it manifested in infracstructure reconnaisse across the country? Is it manifested in the quality of life nigerians lived?

Ask yourself those questions and by providing answers yourself, you will get the truth and the answers you want step by step.

Let's face facts


You do not have an ideal on the way forward that's why you typed so much without suggesting anything positive.


Charity begins at home


If APC is the solution, tell me how many APC have state reserve for a time like this. Even Amaechi who introduced such in his state failed to properly execute his own


So telling me APC is the way forward makes me ask myself if there is still wisdom left in pro-APC members especially when it is clear that the demand for oil which is the major source of dollar notes for us is down

Even if a serial loser like buhari becomes president, he won't be able to do a dime if Nigeria fails to diversify her means of getting new dollar notes.


What I expected you to discuss is how Nigeria can diversify her export commodity in order to maintain her supply of new dollar notes not corruption which will not address the issue even if all our leaders are killed


Next time separate Economy from Politics

loopman:
Please don't bring this your APC vs PDP nonsense here, I know all along that is your intention.
What good governemt all over the world do in this type of period is to protect their currency from attack by using their huge external reserve to protect it., the doctorine of saving for the rainy days.
Nigeria due to corruption and economic bleeding have almost depleted it reserve with barely the ability to sustain and protect the Naira for three months.

First and foremost it was pendy76 that said the solution is to vote out PDP that is why I made that comment


My brother your view which I highlighted shows you don't have basic knowledge about Nigeria's economy

US has stopped buying our crude oil and we are now looking out for crude oil markets like India and china which are not reliable and heavily contested by Iran and Venezuela oil.

This means new dollar notes are not flowing in.

Since global trade is done with mostly dollar , it is advisable we save as much dollars as possible.


Except we find other commodities we can export to bring in new dollars, this is how we will be forced to live if we are to survive.


The best thing government can do for us, is to encourage Asian/Indigenous companies to establish electronics, mechanical etc industries within our shores to reduce the flight of our now few dollars.

pendy79:
You better buy it. Western Union rates has been increased too and I heard it gonna go higher next week.

We have a supposed Harvard Trained professor managing our economy but it seems the glaring stealing and corruption filled elements have overwhelmed her.

She told us out of the $20billion Emir Sanusi told us was unaccounted for, only $10.8billion is missing and she has selected Auditors to check what went amiss.

10months after her public utterances of auditors looking into the books of the NNPC, have you heard anything again? Does that speak well of her and the government she represents?

The minister of petroleum a close associate of the president hired a private jet for trips for a whooping N10billion in one year and when asked to come defend such senseless action that even PM david cameron dare not try, she ran to the president and the courts for protection.

investors are taking notes of all these proven cases of economic mismanagement and the worst of it is the falling oil prices and the sliding southwards of the Naira. Everyone is pulling out their investments in Nigeria cos of the risks.

Government actions of corruption loving is a threat to our economic survival.

The sooner people realize retaining the PDP beyond 2015 will be tantamount to Nigeria turning a somalia or Zimbabwe.

We need to all come together to rescue this nation.

So the solution is to vote out PDP

OK

What will APC do differently since oil supply has exceeded oil demand leading to a crash in price which has reduced the acquisition of new dollars


Pls state your answers step by step

loopman:
So you didn't read my second paragraph.
The capital market and the forex markets are both taking heavy beatings since 2 days ago.

Or you think anyone here is telling politics?

You said its really bad

That is why I am asking you to explain how falling prices will affect the ordinary man on the street

How did the North reacted to killings of Southerners btw 1940-to date

loopman:
My brother, it's really bad.

In a single day, I lost a whooping N3M, I was supposed to buy interbank forex at 168/dollar in the morning, before we could transfer the funds and send necessary Exchange Control Documents, the Naira slided to 171 at the interbank

Expatiate on what you have in mind when you said its really bad

Tell us what you will do differently if you are in charge

State your answer step by step.

pendy79:
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) all-share index (ASI) on Thursday recorded its lowest loss in five (5) years to 20 percent from its 2014 high, heading for a bear market.
The NSE ASI declined 4.07 percent to close at 34,494.93 basis points, while market capitalisation lost 484.74 billion to close at N11.43 trillion, in response to sustained selling pressure, according to Cordros report.
Current Year-to-Date (YTD) returns at the Nigerian bourse stands at a negative 16.54 percent.
With this development at the end of transactions,  the Nigerian equities market went down in one of the longest losing streak to nine (9) consecutive sessions since January 2009; thereby hitting the highest one-day loss in more than four (4) years.
Cordros say sustained sell-offs saw the NSE ASI shed the most since 19th March 2010. ‘’This decline came on the back of OPEC's decision to cut oil demand forecast,’’ the report said.
Market breadth ended woefully as the NSE recorded five (5) gainers and 49 losers. Nigerian Aviation Handling Company (NAHCO) led the gainers chart, while cement manufacture Lafarge Wapco Nigeria Plc led the losers table.
In terms of sectoral performance, all of the five (5) NSE sectoral indices mirrored the broader markets performance. ‘’Once again the industrial goods index topped the losers chart with a significant 6.57 percent loss, the oil/gas index followed with a 5.70 percent, while the consumer goods, banking and insurance indices also lost by, 4.14 percent, 3.51 percent and 2.10 percent respectively,’’ the report affirmed.
Similarly, market turnover shows that volume traded climbed up 231.66 percent to 1.33billion shares, worth N8.37billion and traded in 4,188 deals, compared to a negative 46.83 percent reported in the previous session.
‘’We posit a positive outcome in tomorrow's trading session, as we expect investors to capitalise on fallen share prices,’’ the Cordros report said.

pendy79:
The Nigeria Stock Market lost N84billion on Friday. This is the 1st time since 2009 that the Nation's stock exchange lost such a huge amount in a single days trading.

The economy is in a serious dilemma with investors pulling out on a daily basis and government isn't showing serious concerns yet.

What do you want government to do that they have not done


Pls state it step by step.

People make mistake


Teacher

seguntijan:
Scene 1:
Mr. President losses Mubi and keeps quiet, no
emergency meeting no emergency call to CDC, IGP
And DSS boss nothing changed and nothing
happened that's normal to him I guessed.

Scene 2:
PDP lose speaker of the house of assembly to the
opposition and all hell is let loose. He called
emergency meeting with PDP chairman. With
governors, with members of NASS, he acts by
removing Tambuwal's security details. He called
IGP, AGF, SANS and many more.

Scene 3:
Governor Fashola was on his way to Makkah for Pilgrimage when Ebola broke out in his State, he turned back and went back home to fight Ebola with little or no support from the Federal Government, visiting Ebola victims, volunteers and First Consultants where the first case of Ebola was discovered. Boko Haram takes over Mubi again, bringing death and destruction to the people of the State while the State and Nigerians call for help. The next day, President Jonathan heads to Burkina Faso to help them find peace!, and for which the Military Leader has not bulged!

Questions: Please what is Mr. president's main priority? National Security or PDP Security?

Should he kill himself over the determination of Northern elites to commit political suicide.

LORDI:
am loading the pics.

OK


We will authenticate it

Bobbystanley:
They aren't Far from the truth.

A church where the general Overseer is the richest Pastor in the world with the poor man's offering and have done nothing tangible to give back to the Poor.

The schools he established with the common man's sweat isn't affordable for the poor.

What else do u call Witchcraft?

Your foolishness is grade one


What was his profession before venturing into pastorship .?


Though I am not a fan of his, but criticizing him along this part is demonic and uncalled for

No pics

We have never had party politics in Nigeria

It has always being about ethno religious politics in the disguise of party politics


APC is a Yoruba Hausa Fulani Kanuri party

God sent Ihejirika to prevent a war but foolish Northerners and some amala Yorubas accused him of genocide

Today who has being proven right.?


BH rule will be a nightmare that will hunt the Northern Muslims for a long time to come

Maybe 100years of sorrow under strict sharia

gbadexy:
These terrorists are upping their game. If they had been doing like this earlier before instead of killing everybody on sight, they would have retained more territories.
As it is now, it would be difficult for the army to bombard a community full of civilians instead of the usual deserted ones and the terrorist may start getting sympathy from the residents they are providing security for and paying for their own goods including allowing use of hitherto banned motorcycles.
The army is now facing a better organised enemy. Its a civil war already.
Most of the idle military across the states should be deployed there and the operation carried out like they are in a war with another nation.

You are wise


This comment by Campbell proves that US is indirectly supporting BH to breakup Nigeria and fulfill their prophecy which will pave way for their desire to control Africa.


To me this comment is to encourage people to surrender their loyalty to BH which will make it possible to balkanise Nigeria


Am not against disintegration but peoples rights must be respected including that of Northern Christians.

Where was this Campbell when Northern military boots trampled on this nation


Tell Campbell we don't hate US but we will oppose any move to impose gay/lesbian laws and AFR ICOM on us.

ofiafuluego:
The news dedicated to winners chapel int'l and its plans to establish school in the UK, the BBC introduced under the headline "Nigerian witchcraft Church in bid to open Kent school"

What exactly have Nigeria done wrong to deserve this accolade of embarrassments from the int'l media.

BBC insulting Nigeria since we refused to accept gay/lesbian laws

Some yorubas advertising their amala stupidity


If she loves BH, let her relocate to mubi.