It's complicity, not complexity Akelicious

Go and rest Pastor. Naira appreciation and depreciation is clearly determined by the foreign exchange market. Not a matter for prophecy.

SlimBrawnie:
He should have waited until the album is released and the ovations high before he makes this kind of statment naaa

You're quite smart. You should be working for a big company in a team in charge of market entry strategy or anything about market strategy. Kudos.

The first First Class (Cambridge) graduate to serve in the Nigerian Army and probably the only one till now. The Army is now filled with illiterates. Stood for his people when it mattered. Rest on General Ojukwu.

Eko Atlantic project is a private sector project. The government only provides an enabling environment. I don't know whether the one of Rivers is a private sector or public sector project. If it's the latter, that explains the failure. The private sector always delivers once a project is feasible.

Yes indeed. The simple explanation is that nothing is working as envisaged during independence. Nigeria is a failing state.

My dear, to do well as a Secretary to the Government of the Federation (SGF), you actually need superior skills and experience not just the grace of God.

Bede2u:
by real gdp (at purchasing power parity) not nominal

You're wrong about real GDP but right about GDP adjusted on purchasing power parity(GDP PPP). Note that real GDP is different from GDP PPP.

Bede2u:
While U.S and Russia are flexing muscles and starting war upanda, China is quietly rising... non violently.

Nigeria can emulate China who was suffering the same issues Nigeria now suffer just 30 years ago.

Today, 30 years later, they have become the largest global economy

We dont need more wars.... we need infrastructure, restructure and patriotism

Everything else you mentioned is true but China is not the largest economy in the World. Still second to the US.

eledalo:


Which large enterprises?

Yes, they do relative to small enterprises. Or you think the money Dangote is using to build his refinery is all from retained earnings? No, the project is largely financed by banks.

I doubt that ranking reflects the reality on ground. Yes, large enterprises can access credit on the back of their asset base and connections but SMEs who are the main drivers of employment-creating growth find it difficult to access credit. Besides, the cost of borrowing remains too high and is stifling enterprises. I don't know who the World Bank DB team surveyed.

We are nothing but just jokers in this country. So, the National Assembly accepts a special dinner invite for a public enterprise they are supposed to be investigating. We're two centuries behind the rest of the world in the conduct of government business.

Still too low for an economy with a GDP of almost half a trillion dollars.

Them never born who will make Ekweremadu not to return to Senate if he so wishes.

Daeylar:


I've seen most of the nonsense that comes out of their mouths towards Muslims, they treat women like female toys. No consideration that they are talking about a human being like them,

The robot isn't covered to the eyes, but the women have to cover up, truly shows that they just think of women as sexual objects there.

Well stated. Number one women rights activist.

Daeylar:


Lol, I hope I won't join them soon?
Thanks for the link
Off to read

Madam, could you go and answer me? Morning.

Paperwhite:
Buhari's matter seems to have tired this loud-mouthed BBOG woman after she endlessly and tirelessly abused Jonathan of corruption.Guess the difference is more clearer now?

.
She was also right at that time. Was GEJ and his government not corrupt? That means she's consistent and does not pander to anyone. She says what she has to say without minding whose ox is gored. That should be appreciated, not derided.

ttmacoy:
I don’t get this story, when he says granted scholarships to Oxford does that come with admission or will they have to apply separately?

If separately then how does he expect the worst performing student to gain admission to Oxford?

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That's the real question Bro. I think he announced it to prove the point of his lecture. He cannot grant admissions even if he owns Oxford. Who will accept those worst graduating students into Oxford? They say a certificate is not important but this is one of those points you need to get the certificate right to move ahead in life.

uzoormah:
Why she come dey show me her lips...the thing is that she didnt dress propely



Sorry sha

You're an idiot. Uncultured idiots making unguided comments.

Austin234:
I think the competition is a healthy one even though the market may have been saturated but I belive we have come a long way. In this scenario now, u think of quality, after Nigeria cable wires are better than foreign counterpart

That's because we got it right with Cable wires on time, we didn't get steel right the time we should have. You see testimonies of people telling you these guys are basically importing scraps into Nigeria and exporting to other neighbouring countries - it's just pure commerce and there are no value chain benefits. If we got steel right at the right time, we would have built enough knowledge and capacity in its production to be supplying the top automakers in the World. Given that labour is cheap here too, it would have meant that our steel would not only have good quality but also competitive. But we bungled it. Again, we're coming when the party has ended.

China's GDP is still some distance away from US GDP when measured in nominal terms but slightly higher than the US GDP on purchasing power parity basis (because prices are relatively cheaper in China compared to the US, so a dollar in China is more valuable than in the US because it can buy more things than you could get with it in the US).

Overall, China has made immense progress as a developing country but still has a long way to go to catch up with the US. But if they maintain the current pace of growth and ensure that the benefits of growth are well distributed, they are on the right track to catching up in terms of development. You have to understand the real difference between a developing and a developed country so you won't quote me because I called China a developing country.

I expect Obaseki to deploy his skills, contacts and experience from the private sector to enable Edo's industrial development beyond the hotels occupying every street corner.

We came too late. The market for steel is already saturated. China has excess capacity in steel production, even US producers cannot compete. One of the biggest tragedies of the Nigerian story is the Ajaokuta steel complex, once labelled the biggest industrial project in SSA by the New York Times, with about $4 billion spent as at 1992. Yet, we mismanaged it and did not enter the export market when the time was ripe.

Ajaokuta would have been the basis of a linkage based industrialisation strategy for Nigeria but we messed it up. When top Japanese manufacturers like Kobe are running into scandals because they are finding it increasingly difficult to compete, that is when Nigeria wants to enter the export market. Futile attempt because you're late to the party. The best bet with our steel industry now is to focus supply on the domestic market. At least, it will save us some foreign exchange.

Nobody is fighting Tinubu through Oando. This is a business Wale Tinubu has been running like a private empire risking investors' funds and jeopardizing the health of the business. Trading in OANDO shares has also been suspended at the Johannesburg and Toronto Stock Exchanges too. Mind you, this suspension is coming after an EY audit report expressed concerns about OANDO's future as a going concern. OANDO is a classic case of what happens as a result of poor corporate governance. I don't understand why people always rush to make uninformed comments without understanding the issues.
Everything is not politics, please.

shino62:
99% in consonance with her views. You've proved me right. Thanks.

You didn't get the part where I said her biggest antagonists are actually Igbos who think she doesn't pander to them? I am different. I stand with reason and objectivity all the time and that is why I love Ezekwesili. I can't say the same for Okonjo Iweala.

I am currently building a macroeconomic database and model for the Nigerian economy as part of a project, and I can clearly see that the debt levels have escalated and risks becoming unsustainable. My worry is that I can't put my hand on what this government has done with the borrowed funds in the last two years.

Because what we have is a pathetic and clueless leadership class

The distortions in the foreign exchange market will continue as far as the CBN continues to promote different exchange rates in the market. Emefiele should go learn what Soludo did to achieve convergence in the exchange rate across the official and parallel markets in his time.

shino62:
yes, it is expected, just like you she is igbo.

Senselessness. You say that because you don't know me. Her biggest critics are probably Igbos who can't deal with her frank position on most issues. I find my position on national issues in consonance with hers 99% of the time.

I love this woman. People hate her for always standing up for the truth no matter whose ox is gored.

eduj:

the above is a misnomer.
The naira was introduced on 1 January 1973, replacing the pound at a rate of 2 naira = 1 pound(20 pounds then would be 40 naira).
base your argument on how 40 naira (it's present value then) was enough -you have a higher chance of winning the argument -then basing it on a figure (future worth) you got without recourse to variables like inflation, standard of living etc. like I said earlier, don't think any easterner saved his 20 pounds for over 30 years so that it would yield thousands in naira-hence your analogy is wrong.

The point we are missing here is that the so-called 20 pounds was not given to every Igbo man. 20 pounds was given to only people who had money in their bank accounts without minding if you had 20,000 pounds in the account before the war. It was a systematic way of impoverishing Igbos but it failed because Igbos rose above it.

Ovela1:
This headline is twisted, when yu read the content carefully, yu will realise that the World Bank has embarked on 7 Projects in The North and 7 Projects in the South, so why de hue and cry over nothing?

My advise to Igbo youths is that they should stop seeing themselves as second class citizens in this country, we are all equal Nigerians with all the rights.

They must not continue to denigrate themselves, insulting everybody else, it's not the way to go!

Lies. Seven projects exclusively for the North and the other seven projects for the whole country (meaning Northern states shared from the remaining seven projects too).

Nigeria is unequal. Some Nigerians, particularly from certain regions, 'are more equal' than others. It's either we end marginalisation and exclusion or allow Igbos their right to self-determination. That's the way to go.