₦airaland Forum

biafranqueen:
Page 301
I have books where they found weapons clearl rom China My Dear
http://books.google.com/books?id=hu7n1YNNrqcC&pg=PA301&lpg=PA301&dq=which+countries+supported+biafra+China&source=bl&ots=sLNjHVU4fZ&sig=YUbqljDnzJtVNgs5ag58A1NtF8g&hl=en&sa=X&ei=84uCVPWeH83noASU8YG4BQ&ved=0CDMQ6AEwAw#v=onepage&q=which%20countries%20supported%20biafra%20China&f=false

There is a difference btw buying weapons from China and China giving us weapons.

This is the major reason why US wants Nigeria to breakup


They see Nigeria as a future China.


What confuses me is why do they view the world from that angle.



What will US lose if China becomes the next super power.

Nigeria can also catch up with China and India, if some envious and jealous tribes stop working against the good interest of others


God bless GEJ.



Biafranqueen I don't think China supplied Biafra any weapon

Curlieweed:
The "similar" prediction was that Nigeria's GDP will overtake that of South Africa by 2020. This was achieved in 2014 with 6 years to spare.

Note that this "similar" prediction was made when Nigeria's GDP was 3rd behind South Africa and Egypt.

As reforms in the Agric and Power sectors combine with the new Industrial Policy, we will continue to confound nay sayers. The only thing that's missing is the reforms in the energy sector (PIB and subsidy) and we will take our rightful place.

That's why GEJ must complete his 2and term

ibedun:
Thank you my brother, time for these mofos to head home.

Thank God for this case. Family re-union for real, make everybody face him agbole.

Yes ooooo

Family reunion to be perfected by the collapse of one Nigeria.


At least you can deny Igbos visa to Lagos.

MayorofLagos:
The keyword in this ruling is root.

If they were Lagosians they would belong in an Agbole. Their reunion and rehabilitation will be referred to that root.

Its not complicated!

Don't worry 2015 your dream of seeing Igbos out of Lagos will be fulfilled through the collapse of one Nigeria.

4Play:
Does anyone remember the insistence by the National Assembly to increase the budget benchmarks in previous budget deliberations?



[url]http://www.thisdaylive.com/articles/national-assembly-increases-oil-benchmark-to-76-5pb/163738//url]

By constantly ramping up the benchmark, it means there is less room to manoeuver when oil prices collapse. There will be no lessons learnt because Nigerian politics is fixated on personality and tribe/religion.

And yet someone will blame Okonjo and GEJ.

The budget benchmark should be placed at $35. The excess should be invested into key revenue sources like agriculture, mining, processing and manufacturing.

KriTic24A:
Are you sure we are still in the same country?

What would have happened to them if, inspite of their 'vices', they were Lagosians?

Well, it's like the process of disintergration of Nigeria has started officially.

Little wonder someone said: There Was A Country

With attitude like that protrayed by the OP , I will opt for disintegration so that his hate will subsized.

Ikengawo:
rochas that came second against yar adua will be vp for a political shoe shiner because of what?

The thing tire me oooooooooooo


See as dem want turn we Igbos to second class citizen oooooo.

MayorofLagos:
This is it! This becomes a precedent treatment and can be invoked at will to dispose delinquents.

With this judgement, there is more family reunion ahead for Ibos. We go show una who own Lagos!

Your indigeneship is in Congo! Bloody pygymies!

anuofia!!

I like you for being honest

Well this view of yours vindicate us for not supporting APC


Since you so hate Igbos, we will go for GEJ and if kasala burst, we opt out of Nigeria to help you take away your hate.

OP

Buhari's economic ideal is rooted in Fulani economic ideal which is plunder and share.


Do you know that subsidy was introduced by a Northern petroleum minister.? Why, to share the booty of war amongst his people.


Do you know that Buhari built a refinery in Kaduna which has no oil. While the SE region which is an oil producing region never had one to this day.? Why

Buhari put Alex(VP) in kirikiri while Shagari was placed under house arrest.



The fact is


Buhari will never win and if you guys from SW protest and do anything funny, your region will be .................

tit:
I voted for Buhari before.
That was when I was ignorant.
I cannot repeat that mistake now, lai lai!
The man is a hypocrite!
He lies too much.

Do you recall how he lied to President Shagari that he was not planning coup?
He looked President Shagari in the eye and swore with Allahu that he was not planning coup!

Gaskiya! The man is a devilish liar!
After now, he went around shouting war against indiscipline:
flogging people with koboko and locking up innocent hard working citizens.
He locked up Fela who went to perform in London and earned hard currency
And then allowed his in-law to pass with 53 suitcases of hard currency!
Yes, his inlaw, the papa of that woman he is showing the picture on the internet!

Girl you just murdered some fanatics.


Finally its a shame that some particular part of Nigeria could be canvassing for a man who worked against the development of their region

It shows most of them are shallow minded with short memories.

atlwireles:
Sorry, this's like wasting my time. I live in a real world, do real business and not some dreamland . Base your assumptions on realities, the ones you see today in Nigeria. That's how Naria and kobo are made and lost daily.

Thanks I'm done with this thread.

By the way the only reason the interest rate went up was to slow down speculation and create another medium for all the billions speculators were using to pressure the Naira. It seems to have worked, for now. As long as the dollar remains at a 10 year high, against all freely traded currencies in the world today. We might need another hike on the interest rate, to keep out Tbill rates attractive.

OK


But have an opened mind next time


Being rigid in economic operations will do you no good.

atlwireles:
Interest rate effect the cost of production in a credit based economy. SME in Nigeria are not affected by interest rate, because 95% of them don't have bank credit or have access to obtaining said credit.

Nigeria businesses need help with the cost of transportation and the cost of energy. Most people, even in advanced economies don't start businesses with the help of bank loans. Family and savings account for most seed money used in new businesses.

Gbam

But look at it from this perceptive


Interest rate is reduced and the businesses in these sectors are encouraged to sell at cheaper price.

Because of this, more money remains in peoples pockets making it easier for them to patronize the products offered by SMEs.

This in turn causes effective demand to increase towards the SMEs who now makes more money and uses this money to expand their businesses leading to more jobs which also puts more money in peoples pockets making it easier for people to pay taxes and liberating Nigeria from the curse of oil.

Obiagelli:
I don't get you, why electrical products, why noy textile? Do pple own more tvs than clothes. You shouldnt attempt to rubbish the policy just because it's buhari

After Food clothing shelter, the most widely used products are electronic and electrical products.

atlwireles:
The rest of the point is not possible in a market driven environment. Government cannot ask people to crash their prices without destroying supply chains. Cost of production and competition will always determine price. A good example is government price control polices. It has always led to scarcity and higher prices. Triggering more inflation.

Dangote brought the prices of their product down, because production of cement is exploding. They are losing market share, because more supply is entering the market and we still have more plants in the pipeline.

Is Dangote running at loss? probably not, prices will continue to shrink in the cement sub sector as production keeps heading upward.

Do you agree with me that interest rate affects cost of production. Yes or No


If we reduce interest rate the cost of production will decline therefore price of finished products will decrease.

When cost of finished products decline, demand will increase and the these 4 sectors will make more money True or False.

If demand increase,

1) production will most likely increase. Meaning more people might be employed to increase production which will put more money into their pockets therefore stimulating the economy which will make it easier to tax people on the long run and take Nigeria out of oil wealth dependence.

2) New businesses will enter into those sectors in order to make money. This will increase competition further driving down price, create more jobs and put more money into peoples pockets making it easier to tax people on the long run .


3) We will achieve the Dangote scenario in these key factors. Yes or No

Captain3star:
I would have love to have a pragmatic discussion on this issue without bias or insult no any individual but going through the tread so far I saw that it is impossible. I therefore have no choice but to keep quite thank you all.

In real life you will face opposition of such
The most important thing is to present your point in such a way that those people will know that they know little.

Obiagelli:
What you guys always fail to recognise is that we had a vibrant agriculture and manufacturing sector then, we i think 3 car manufacturing plants for instance.

This policy is learning from Buhari’s and its not even close yet

OK


What of electronics and electrical products which constituted our highest imported goods then .and now
How many electronic and electrical industries did he established then.
Don't forget that people had more radios TVs bulbs Iron etc than cars. True or False



Secondly
Did he reduce the rate for those key sectors .

atlwireles:
The reality of business operations demand such a law. Why lend a person N100, @6%. when inflation is 9%. You have lost money right out of the block. You are already at -3% loss.

OK

First answer the rest of the points raised.?

Secondly is dangote running at a loss now that he has reduced the price of his cement .?

Obiagelli:
Now you are beginning to sound like buhari the last time i was discussing Buhari's economic policy in 1983, members of this forum said people had to queue fir essential commodities (finished product).
Till we get a leader with strong resolve and sense of direction, we wasting our time.

The government should also look at its self, purge waste and stop handing policies to us alone.

Did buhari reduced the rate for agricultural mining construction and manufacturing sectors.? No
Apart from refinery, did buhari establish other industries whose products constitute our largest imports.
Obiagelli this policy is completely different from buhari's own.

atlwireles:
How do you reduce interest rate to 6%, with inflation almost at 9% and our budget deficit expected to double. The economy is not mechanical or command and control.

Is there an economic law that says interest rate must be higher than inflation rate.


What if when the interest rate is reduced for those 4 sectors , and the businesses are told to cheapen their products so that inflation falls. Don't you think inflation rate will fall.?

Remember Dangote crashed the price of cement even when nothing was done about inflation rate. And you will agreed with me that if distributors follow suit , inflation rate in the construction sector will fall due to cheaper cement which might help reduce the general inflation rate by some digits.


That inflation rate has gone up doesn't mean it can't be brought down


Once the cost of doing business falls, cost of finished products will most likely fall. And if cost of finished products falls, inflation rate will fall if this effect is on key sectors.

Don't forget that one of the factors that affects cost of doing business is interest rate. TRUE or FALSE.

Obiagelli

Anything to say


Concerning black technology view point.

Elcemento:
hmmm....youmade a lot of sense here o.Never looked at it from that angle.I just hope everything makes sense on long run sha.

He made lots of sense.

Unfortunately Naira land members will not rush towards threads like this because of the reduction in their IQ due to destructive criticism.

ROSSIKE: History shows us that the more wealth is generated in a nation, the more wealth 'filters down' to the common man. This is what happened in China, South Korea etc. And even in Europe, where a hundred years ago, the masses were dying of cold and malutrition as monarchs and lords lived ostentatiously. But as they grew in wealth, the benefits (slowly) began to filter to the masses to the point they are today.

Guy do you understand that what you typed has no economic truth attached to it.

Hope it was not done based on man know man

Musiwa

I hope you are alright

Unfortunately the guys did not hack the money