All these grammar and anxiety is down to a dead system where production is in coma and under ICU(intensive care unit). Economy is actually about production of necessities and services. Money was only created by man to faciltate exchange of produced goods and services. Our govt has ignored all the componenets and key factors of production to be printing money they can rapidly buy goods and services directly with. The goods are mostly in form of govt projects and utilities. Services is largely the civil workforce, which is substantially a "rankadede" setup.
The money will keep losing value and approaching the value of the paper it is printed upon as long as production is dancing gwoX3-ngwo.
helinues: Abeg, the Oloshos, the yahoo boys, the criminals, who are their parents or they fell from the sky
Extremely foolish. The Olosho and Yahoo trend did not evolve in an instant. It metamorphed gradually over decades until your paymaster catalysed it into another realm of evolution.
gidigbam1: Bro, people like you are the problem with Nigeria. Do you know Nigeria lacks basic infrastructure. What makes a country developed is its infrastructure. South Africa, Kenya, Egypt, Angola, Algeria, Ghana, Ivory Coast, Benin Republic, etc are rated higher than Nigeria and attract way more tourist because of their infrastructures which good road network is the number one driver.
We don't have basic infrastructure in this country and the state of our roads are very deplorable and can only be compared to roads in Congo. For a country that prides itself as the giant of Africa, our infrastructure should be top notch. Do you think UAE, Qatar, Singapore and Malaysia will be where they are now without the beautiful infrastructure they have in place? So if we want to develop as a nation that should be the foundation.
You claim they use it to embezzle money, what about other Governors that have been embezzling the money all along without building anything. Have you hold them and ask them to account or refund the money? Okowa received N1.3 trillion pocketed it did not do anything in Delta for anyone to see. Wike received N380 billion and used it to build bridges everywhere and it totally eliminated all traffic in Port Harcourt unlike before which one is better? Asaba used to be way better than Port Harcourt but not any more. Imagine if the Lagos State Government should build such infrastructure in Lagos with overpass and interchange everywhere don't you know it will totally eliminate traffic in Lagos? Do you have an idea how that will improve the quality of life and living of Nigerians visiting or living in Lagos?
Good infrastructure is the 1st basic thing any government should provide for its people and that is the number one driver for human capital development. It is very important to go to school and learn, and when you don't know listen and learn from people instead of coming out here to pour out your ignorance.
You are extremely ignorant. If development is largely by infrastructure as you say, why is Tinubu crying to the world about hunger and out-of-school children? Did America build roads senseless-ly like uncle yekini , sanwo and soludo are? Is it duplication of roads n tolling them thats the way forward? We have a tax system and road network already in place, why build new roads routes and tax again?
Lol. Everything in this part of the globe has been monetized. If that list is not complete can it invalidate a marriage? Culture is all about the bag nowadays.
grandstar: Many Nigerians literally worship the ground on which Donald Trump walks on. To them, he is the best thing since Jesus Christ! The man can't place a foot wrong.
To me, the man is talking rubbish, absolute rubbish! His tariff policies if fully implemented would not only cause inflation (which Americans hate, and one reason why Kamala Harris lost), but also slow the economy down. The economy could easily enter into a downturn or even a recession.
I have been pilloried on Nairalabd for supporting many of Tinubu's economic reform policies. Many here did not condemn Buhari when he started destroying the economy in 2015 but bark the loudest now that the damage of 8 years of Buhari's economic misrule is being corrected.
I am sounding the alarm now. Don't come here in 2029 and start speaking Welsh. Don't say I didn't warn you.
Fareed Zakaria's expose of what the Trump tariff will do to the US economy is even massaged. 23 Nobel prize economist have rubbished his economic policies and so should you.
This will be a series so be on the lookout for more!
Richtaiwo: God bless the president God bless the Federal Republic of Nigeria God bless SW SS NW NE and NC
Some lunatics said Simon Ekpa is working for Tinubu and that is why Tinubu refused to get him arrested.
The Fed govt recently initiated the arrest of the Simon Ekpa, same lunatics are now saying Tinubu arrested the him because he is agitating for biafuro. Indeed, they said another leader of ipob terrorist group will soon emerge.
Any further proof that ipob miscreants are terrorists?
Lithiumite: Ways and means have been drastically reduced in fact the lowest post obj....there is absolutely no way you can keep this economy and any economy running without borrowing.....just take a look at our debt servicing to revenue ratio.....we have always been spending more than we earn.
When the American economy faced it's recession in the 1920's....govt needed to spend it's way out of it by putting money in critical sectors to help generate boost for the economy and construction was one of such.....it became a huge construction site as many would get gainfully employed and material manufacturers will be able to keep their factories running,things like this cascades down far beyond the immediate activity.
This is just one segment,there are lots more complimentary sectors that would work to gear up the economy.
The Bible (Acts 20:35) says It more blessed to give than to recieve yet people around have mastered the art of recieving alone. They seek the highest possible reward for effort but give the least possible when in position to. Many even use witchcraft and espionage to know who is going to be having what and whatnot just to position themselves to recieve things.
Lithiumite: CNG is coming readily available,there are adverts everyday and finance also available.
Student loans
Consumer loans
Local refining of crude and net exporter
Increased crude production
Liberalisation of the Forex market
Increase in minimum wage
All in exchange for lower productivity. This clown is trying to borrow and print his way out of economic regression.
When i travel a little on the highway and encounter a flyover that takes me up then down, booooomm! I am productive as soon as i pay the toll required from printed money. Clown.
We saw how police protected them in the last Lagos gubernatorial. No surprises. The state capture onslaught will definitely be resisted when hardship reset brains.