₦airaland Forum

Hhhh

I used to like this Rufai, he's an idiot now..

Very powerful; it's a command seed. Don't play with anything that has three parts.

Don't keep it with the gender that has three holes below o, it would render it powerless. Na warning o.

A Derica is now N550 from N480

Nemesis0147:
Who still buys rice by cups?

You're still being fed! I no blame you.

Shorting GU when markets open; SL 1340

Keep quiet, idiot! All Yorubas are Lagosians.

Wow! Clean money.

Simeonjoe1:
Yeah I agree with stimulus for agriculture and value addition. That's a nice plus.

But Tinubu offers no plan on Fx stability instead he said he'll work with CBN (not concrete enough).
Obi on the other hand advocate for floating allowing it to yield to demand and supply forces.(
Though I'm still skeptical about this, yielding it to open forces can cause naira spiraling down, impede FDI and stunt growth. On the other hand it can also stabilize and strengthen the naira removing the sham of arbitrage which can further stimulate growth.

Economics is an very interesting concept its all based on theory. It's not 1+1=2 which is why sometime even a good prefared solution on paper has sent big economy spiraling down...
Well we just have to watch and see at same time be mindful of people who see economy in a microeconomics lens (my fears about Obi).
Or someone with outrageous policies that try
to suppress or bypass the consequences (my fears on Tinubu).

Well let's see how it goes...

Do you know that importation of refined petroleum gulps over 70% of Nigeria's foreign exchange spending? Now that Dangite wil start refining crude oil, what do you think will happen to the exchange rate? Naira strengthens and prices of other imports drop and the CPI drops too.

As Naira strengthens, government helps industrialists to import capital goods to kickstart the needed industrialisation.

Inflation problem solved and the real sector is boosted.

Modified:
Nigeria doesn't even import much if we remove refined crude oil; we've got the crude oil and we can refine it here with Dangite refinery and even export. This will stabilise our foreign reserves.

Simeonjoe1:
After your first reply I've read further on this.
But here is the issue, growth stimulation (money printing) is a long term plan can take years as compare to accompanied inflation which is felt in very short term (days). Also the socioeconomic class of the population has to be considered. Nigeria is made of mostly poor people earning less than a dollar every year, can the poor man cope with the high level of cost suddenly acquired over a long term growth which might take years?

It's also important that stimulating economic growth should also be based on the potential growth and the real growth in the country. Stimulating growth more than the potential growth is actually another sitting time bomb for inflation. So the question is what's the potential growth of Nigeria? How much can we stimulate our growth to meet the needs? Well I believe our large population is a big advantageous factor here but the large number of poor people in them might be a cause for concern...

The United state model is apt I believe because US is already an industrialized country, they've had years of growth and well grounded economy before the melt down resulting in stimulation so in essence theirs high potential growth already which is what's the money is printed for.
But in Nigeria we are leaving in our past, we missed our industrial age, no potential industries where previously established that can be stimulated so I believe any inputs would be at establishing new industries and sectors which I believe being new its subject to economic stains, stress and volatility.

Well it would have been better we know where the stimulus would be going to? Which industries will benefit? What are their potentials, advantages and profits takes to the overall Nigeria gdp and growth?

I'm just stating my personal opinion sir but I'll like if you can discuss further on this. I'm here to learn.

In my opinion, the stimulation should go to the agric sector and value addition to the agricultural produce be encouraged; by so doing food inflation will be partially tackled.

Second, fuel refining should be 100% domesticated; by so doing, exchange rate will stabilise. If exchange rate stabilises, it would reduce high cost of imports and CPI goes down.

The inflation we are experiencing in Nigeria isn't too much money in circulation but exchange-rate induced one.

wirinet:
Printing more money will not impact economic development, it will only create more naira chasing the same dollars, as we are an import dependent economy. It will only result in run away inflation. Ask Ghana, ask Zimbabwe.

You print monies to boost the manufacturing sector not to pay salaries like they're doing in those countries mentioned.

Once we start producing with the money printed, importing will reduce drastically and jobs will be created.

Simeonjoe1:
Are this in pure economic terms?
Can you site example of countries that has model this for economic growth? How they did it? How are they faring now?

Read: America in the 70s, rapid economic growth accompanied by inflationary pressures after the policy of easy money which is called quantitative easing.

https://www.investopedia.com/articles/economics/09/1970s-great-inflation.asp.

You can see that after recovering from economic downturn, the federal reserve started raising interest rates to curb inflation; they raised rates to massive 20% to stabilise prices.

They enjoyed fast economic recovery, unemployment rates crashed, GDP skyrocketed and Americans were better off.

Many don't know Agberos collect money for the land owners; failure to pay is a declaration of war because they would feel you want to take their land away from them.

Baales and Obas have their own shares from the collections.

When i visited my state and went to buy goat at Kara Market, after buying the goat, getting to the exit of the market, I was asked to pay N300. I paid happily even as an indigene of the town.

Igbos, the money you pay is a form royalty to the owners of the land; refusal to pay is a declaration of war.

Simeonjoe1:
So in essence Nigeria will print more money to fund this?
What about inflation?

Nigeria, as a developing country, inflation is secondary; industrialisation and development first. You know the trade-off between inflation and growth, you can't have both at the same time.

We need to print money for economic development first, then we tackle inflation. You must forego one to get the other - opportunity cost.

Shorting Gold SL 1665 TP 1573
Shorting AU 6385 SL 6445 TP 6061

Elliotwaveforec:
Index about to move North.
Shorting NU 5677 SL 5730 TP 5408

SL hit

fkj950ax:
How?
From where?
There aren’t enough funds being earned by Nigeria because the nation is economically incapacitated.
This is a promise that will fail because he won’t be able to achieve it.

Anyone that wants to be President should not just make blanket statements. If you are going to allocate more funds, please tell us how you will achieve this. How the country earn this funds. Is it coming from more tax or reduction in public spending waste. Or we are increasing oil export or we are saving on refining

How the F*CK is Nigeria going to earn more money he is promising to allocate to States and LGs.

A developing country like Nigeria should prioritise economic growth over price stability. When development is achieved through consistent growth overtime, we can now talk about price stability; that's how many nations developed today.

I laugh when developing nations raise interest rates because developed countries are doing so. Look at Europe, to ensure economic growth after recession, they embarked on negative interest regime where commercial banks weren't allowed to keep monies idle with the ECB; if you deposit your money with the apex bank, you are charged interest straight away unlike here in Nigeria where banks keep monies with the CBN and still earn interest.

Aggressive quantitative easing (money printing) is needed to achieve economic development; after development, we can talk about price stability.

princeso2020:
instead of allocating more funds to states and local government, why not help the states and local government to be more productive than to keep sharing money every month. we are tired of sharing money every month, we want states and local that can generate billions every month without depending on federal allocations. Nigeria can not continue these same way

Don't you think the states need money to be productive? First, money should be allocated to states; they use the money for developmental purposes, then they become financially independent.

After the states are developed, monies will start flowing from the states to the federal to fund those sectors that bind us together like the military, customs, immigration and others except the police which I believe the states should be in control.

Reduction in the items in the exclusive list would allow the states and LGs to generate more monies for speedy development.

Elliotwaveforec:
DXY

Corrective move (wave 4)
To move past support (11003) and bottom above the horizontal line.

Advice: Short

Index about to move North.
Shorting NU 5677 SL 5730 TP 5408

VeeVeeMyLuv:
Aswear na full time job o Infact it is more than a full time job.

No wonder one of my inlaws ran never to return to the game. As in he retired. He said "ahhhh I no feat continue o"

And this guy was very good o, he usually did 500-1000% ROI like water.

Clap for yourself! Continue.

Out of this thread, bad belle too much

Ogun state, I hail o! 99pct increase no be beans

Peterfx01:
Please guys Runaway from buying gu today !

For me, na strong buy.
1538

No be only 60% na 200%.

Person wey no know simple arithmetic; no wonder he studied Philosophy with Third Class.

Geovanni412:
Boss, which broker u dey use?

Bro, na premarket quote from investing.com

GU gapping up by 75 pips now 1255

The two words can be used interchangeably; therefore, he's right. It doesn't make sense to use corn or maize twice in a short sentence like this.

Jameselias:
Please elliottwave what importance do you place on high impact news when analyzing level to enter on especially on high impact news days
Do you consider it at all

Just do your analysis with daily TF upwards and follow the trend, news no go shake you.

But unannounced interventions by apex banks, like what BOE did recently, would destroy any technical analysis.

Jameselias:
please which broker

Litefinance (liteforex)

What percentage share do you set for your copy-trading? What percentage of profit do you get from a copy-trader?