₦airaland Forum

Chrisvicmall:
Brain Teaser!! Let's test how sharp our brains are today.
Source, Procure and Ship with chrisvicmall.com

Chrisvicmall:
Brain Teaser!! Let's test how sharp our brains are today.
Source, Procure and Ship with chrisvicmall.com

Chrisvicmall:
Whatever you believe can be achieved.

Chrisvicmall remain your sure procurement and shipping agent.

GeneralDae:
Even your Obi promised to do thesame thing. I can give you proof.

God1000:
It's too early to judge him, but the subsidy removal has worsened the bad situation he met on ground.

To be fair and honest, things are really hard, there's poverty in the land.

MXrep:
I pity the North with their already impoverished population.

RESHARPENED:
Nigerians are very eager to make life difficult for each other.

ManWater:
Wouldn't mind going on this cruise ship.

Far better than that dangerous Submarine trip to the bottom on the ocean just to see a shipwreck.

Okealaaye:
For once, be hopeful and say a good word for your Country. Majority of Nigerians do not share your sentiments. We don go past partisan politics, na to pray for good governance we de now. Come on, join the train of Success. Do not be left behind, son.

SaharaReporters had exclusively reported that Emefiele named Bawa as an accomplice in the Naira redesign scam that rocked the country some months ago.

Reference:
The development of a country and its quest to reverse its trade imbalance is the responsibility of government. It is government that blazes that trail by deliberate policies aimed at import substitution.

What this government should have done in the immediate aftermath of its float policy was to calling in industry round a table particularly the heavy forex users to negotiate a reduction in their demand for a period while the government is busy finding ways and means of substitution.

But what did we have, the government gave out more licenses to import (I am certain to favoured individuals) gasoline instead of maintaining the NNPC's (who earn forex and in whom government has equity it can trade with) dominance for a period until local refining kicked in. Where will other importers get the forex without pressurizing the naira.

To me the government is making a lot of mistakes in what it is doing and more importantly in what it is not doing.
Yes, floating the naira is the long term way forward. It is like removing a fence that is frequently scaled and engaging dogs to keep a farm from invaders instead. But you have to keep and tend the dogs to make for an effective security.

You can't just float the naira and go to bed.... rampaging, unmanageable inflation will result. Government should identify bulk forex demands from critical sectors and engage them. When it constitutes its cabinet it should open a desk in each Ministry responsible for massive forex flight to identify and develop local alternatives.

In education it should seek to partner all these foreign universities to establish campuses in Nigeria, same with key hospitals abroad to open units in Nigeria and give them all the special dispensation and incentives found in export traded zones.

All these moves should have been part of the 'hitting the ground running' and not just the Kano state government demolition model of the economy.

BluntCrazeMan:
According to @FSApiccadilly on Twitter...



Source:
https://twitter.com/FSApiccadilly/status/1673260633427419137

kendrick93:
He's better player than Partey.

Is he overpriced? Yes.
But that's how the market currently is