₦airaland Forum

musicwriter:
There's little good policies can do, if the world bank and IMF is bent on destroying the economy of a target country. Didn't you read the CBN have enough dollar supply to the market? Yet, it miraculously stopped having any positive effect since the IMF released the report on Nigeria.

aribisala0:
What is the name of the airline

ExInferis:
And, of course, little old unemployed you knows more than the experts in the CBN, with all their Yale and Harvard and Cambridge degrees and years of experience and armies of top notch consultants.

In fact, if they really want to prop up the naira, they ought to make you CBN governor since you're so smarter than those fools in the CBN.

ExInferis:
So in essence, the entirety of the CBN, despite their experience, data, info, knowledge, history, education, and intelligence lacks common sense in what is essentially their business?

But you know better?

mployer:
Investors didn't leave because of dollar scarcity. They left because of instability of the naira. The two are different.

abescom:
And

I disagree slightly with you guys. True the method CBN is applying won't last because using the foreign reserve to support the naira would only erode our already "almost eroded" foreign reserve. However if the government is sincere about it diversification drive, I think the current method makes sense on the short term.

My believe is the CBN is trying to use the artificial method on the short term till when the diversification drive of the government starts yielding results.

Agriculture for instance won't yield results immediately. It takes some time and some doing.

aribisala0:
Honestly your remarks are emotional. Before you talk of Burning reserves ,how much is the CAN Supplying to the market each week and how does that match with weekly dollar earnings? Do you know? So at the current rate how long will it take to burn reserves? .
Is the purpose of the sales maimed at meeting demand or exchange rate fixing or some combination of the two?
Should the CAN stop selling dollars totally and if not exactly how much would you be happy for them to sell.
Finally on this issue of burning reserves why is that such a bad thing? Is it a sin against God.What is this emotional attachments to reserves. The only value of reserves is they allow people to import and once burnt in theory we stop importing on the other hand in theory if we don't sell the dollars we stop importing. The same effect. Most countries have no reserves or even negative reserves. Reserves are simply balance of trade accounts so the net reserves in the world is ZERO. It is not a big deal and might even be what we need.

dayus444:
But why is FG and the CBN always like this? Trying to use use artificial, unsustainable measures to correct abnormalities caused by our status as a strictly consuming and import-dependent economy. Are they taking us for fools or what? Or are they just all totally dumb in that organization? Which way Nigeria?

aribisala0:
Are you suggesting that they should not sell dollars at all or are you saying they should sell it at a different price or are you quarrelling with the quantum of dollars sold,what are you suggesting exactly?

BekeeBuAgbara:
CBN is just wasting Nigeria reserve for nothing

9jakohai:
Good comment

Getting there means hard choices have to be made, which is why I fear that this govt may not be ready to make them choices because politics

LordVoldemort:
On paper what u said might be right but in reality it's not so. We both know Nigeria don't produce shi shi for export. It's just recently exporting of Argo product is on the rise.

How do you encourage export? To leave the dollar to shoot up to 1000 naira to a dollar?

What CBN is doing is just a temp solution why we fix the issue of infrastructure that will help reduce the cost doing biz/production which also implies more goods to export.

You tell them to stop the intervention and focus on exporting nothing

farouk0403:
Why not tie down this naira to stop swinging like pendulum.

naijaking1:
Does Nigeria have an unlimited supply of the dollar?
If the answer is no, then you'll understand that using our small foreign reserve to prop up the naira temporarily is an economic foolishness.
Good export base of products and services is the only way to boost any currency. Injecting dollar directly to prop up the naira is also another form of corruption, because those famed economists that work at the CBN know that's it useless.

simonlee:
I doubt this can happen. But if truly it does happen, you guys have scored hatrick against the afonjas who feel kinda like the book people. keep it up biaffra people

donbenie:
Funny you should be the one shouting don't mislead the public while you're doing exactly THAT, Dentistry is a branch of medicine that specializes in the oral and maxillofacial region of the body just like there are other medical specialties..
In other climes you specializes in Dentistry after doing your first degree in Medicine and if Dentistry is not a Medical Doctor why is it under the Nigerian Medical Association..

jessiecah:
Seriously I'll advise you go with medicine if you are going to work in Nigeria. Nigerians are not really concerned about their dental health only when they have serious cavities that need drilling and removal that they see a dentist. But if you are to practice in the US, dentistry will be a good choice considering the fact that some dentists are paid higher than GP's and you also have the luxury of specializing in maxillofacial surgery. As for the duration of study, they both take the same no of years and both offer the same courses until the 4th or 5th year. So there's no debate as to which is more tasking. Ask God to guide you into making the right decision

sgtponzihater:
Pls Dentists are not medical doctors don't mislead the public. A medical doctor studied medicine and surgery. Dentist are rather referred to as dental surgeons. Again there are no better course, fill the course you are passionate about and not what people tell u. If u choose either course without being passionate about it u either get kicked out or frustrated in the end. But if you want to know all about the human body and cause alot of good in the world become a medical doctor and give in ur best but if u are scared of cutoff mark field in dentistry because medicine is for the smartest.

Sgt Ponzi Hater

Silvereze:
I have been thinking a lot recently concerning the course i want to put in for in my jamb.I have been wondering if dentistry is better than medicine.i want to apply for dentistry and people are advicing me that medicine is better.Please professionals and dentistry/medicine students help me out.

Gerrard59:
You seem to forget that the leaders (rulers) of any nation comes from the citizenry. The man from Surrey has same vision as Lee Kuan Yew. Problem is: very few Nigerians will vote for such person. Which is why I say, we deserve what we get.

Gerrard59:
I get you very well. However, that entails restructuring the system entirely. Mission impossible infinity.

Gerrard59:
If wishes were horses........ A PhD holder in protein engineering from Surrey told me that the political system discourages good people from contesting in elections. The man regrets coming back. You need to see him complaining. More like who send me come back

Gerrard59:
We should marry the two. Discipline + creative thinking. Yes, the world is moving to AI, automation and robotics of which Japan is a leader in the latter. But generally, we need (African nations) to ramp up development. We're damn backwards in every aspect of development.

And yes, critical thinking and logical reasoning is extremely vital for Nigeria. Using Nairaland as a case study.

Blue3k:
Reading Nigerian english is lIke reading post medieval English. The Vocabulary words words they use put other english speakers to shame. It's entertaining at times to see them masterfully use language.

The only annoying thing about Nigerian writers is text can be crazy long at times. IT can be for western papers but it seem that common on Vanguard. It's why I always feel need to either put summary or bold important points in articles when I repost on nairaland. After awhile I got to busy to read these articles and took easy route and used text reader app then go back and bold important points. I know nairalanders don't like the read beyond 4th paragraph.

Front page: Lalasticlala, Seun and Mynd44

Chiefpriest1:
Lol. Pure and undiluted verbosity. These are the little things they teach in regular journalism training sessions.

Unfortunately, not up to three of the hundreds of media houses in Nigeria organise training classes for their reporters/editors.

Simple rules: 1. if you can say it in three words , don't use five.

2. Keep it simple

Yesterday on twitter , somebody fried ordinary puff puff and called it mascourdes esculante or something.

Its just like the SGF cutting ordinary grasses for N250m and calling it 'degrassification of riverine pines '

When dem wan steal, them go dey use big grammar.

DjAndroid:
Nigerians and "their" not "there".

Ighoga898:
the thing just weak me

Gerrard59:
Similar idea I had. However, that will require a change in the political structure of the country. Our local councils are mere appendages of the state governments. Even the roads a typical council should rehabilitate is what a state governor will do and erect a billboard showing before and after. For common road construction. More like make-up sessions.

Mandynews:
It's seems to me there's a spirit in every police, just like the politicians. They change once they get to the office. Only God can save us in Africa.

Gerrard59:
There have been countless studies on that. Asian nations had to ramp up their education system to produce employees for the job market. It is similar to Nigeria (which is why I keep saying Africa should copy Asian nations, we've things in common). Thereby having less time to make them "creative" folks but disciplined, possessing strong work ethic, machine-like workers etc. Moreover, the culture of most Asian nations is more subservient, folks who are creative, conservative, tend to generally challenge the authorities. Asian countries no wan that kind thing. Think about our don't disrespect parents or complain when reprimanded.

Additionally, due to the economic growth and development, there was need for less creative guys. Just train them for employment. However, there now seems to be a tide by most governments ensuring their students become creative and entrepreneurial instead of always waiting for jobs in MNC or large factories. The Singaporean government cancelled their tradition of posting the students with the best PSL results (our common entrance examination) 'cos of the stress it might induce in students - with low marks feeling that is the end of their world. The issue of persons with low grades in school succeeding later in life came up. Their Dino's moment. . But the culture still holds sway, the Asian Tiger Moms (always telling one to read. They even compare grades among neighbours' kids. I remember a meme online where someone with 98/100 was scolded for scoring such when someone else had 100/100. The theory of "they don't have two heads" - similar to most African moms). They even spent $1bn in tuition fees last year on extramural classes. Same thing occurs in Japan, South Korea, and China. La cram, la pour, la discipline, la get a good job, la retire, la forget entrepreneurship etc.

Mine is what was Nigeria doing when these guys were developing. Almost 57 years old and we cannot provide people with uninterrupted power supply.

Gerrard59:
Learn from them? When we owe teachers for a living? When teaching is seen as the last resort? The government picks the very best and trains them real hard. No constant light for the child(ren) to even read their books. Unsurprisingly, their tertiary system is also good. The Nanyang Technological University founded in 1990 is currently the 13th best university according to the QS Rankings, meanwhile Uniuyo was created same year .

Gerrard59:
Best? Yes. Tough? The Singapore's education system is tough oh.I doubt I'd have been able to survive such if I were a secondary school student They drill them really hard. Some criticise it (fellow Singaporeans on the ST), saying it's stressful and doesn't leave time for other creative work. But generally, anything about Singapore is damn good.


Learn from them? When we owe teachers for a living? When teaching is seen as the last resort? The government picks the very best and trains them real hard. No constant light for the child(ren) to even read their books. Unsurprisingly, their tertiary system is also good. The Nanyang Technological University founded in 1990 is currently the 13th best university according to the QS Rankings, meanwhile Uniuyo was created same year .

Nigeria has disappointed the black race.