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Nairaland Forum / Elosky20's Profile / Elosky20's Posts
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Business / Re: Let Naira Fall So That Nigeria May Rise-seun by Elosky20: 9:35am On Feb 20, 2016 |
fastlane84:no it is way cheaper to produce than to import petroleum products . The four refineries in Nigeria have a combined production capacity of 445,000 barrels per day while the country’s daily output of crude is put at 2.44m barrels per day as of February 2015, according to the US energy information administration. . According to a Vanguard’s January 6 th 2015 article , the sum of N10trillion was spent on subsidy between 2006 and December 2013. Much of the shortfall in excess crude account was used to pay oil marketers. This amount is more than Nigeria’s two-year budget figure, three times the budget allocation for health, and two times budget allocation for education in the 2014 fiscal year. . subsidy is a scam . https://www.naij.com/440079-analysis-why-nigeria-does-not-need-fuel-subsidy-anymore.html |
Business / Re: Let Naira Fall So That Nigeria May Rise-seun by Elosky20: 8:38am On Feb 20, 2016 |
blazer234:nobody is buying expensively. the fund for the machines will be released at the official rate of N197 to $1 by the CBN since we dont have import restriction on them, since there is no alternative in nigeria. |
Business / Re: Let Naira Fall So That Nigeria May Rise-seun by Elosky20: 11:14pm On Feb 19, 2016 |
godoluwa:that is how we have been devalueing our naira frm N0.80 to $1 in 1985 and nw we are in N197 to $1. what difference has it made. than giving us false hope. if u like devalue it to N500 u still need to balance ur import and export, import 50% and produce 50%. or else it will continue to go down. |
Business / Re: Let Naira Fall So That Nigeria May Rise-seun by Elosky20: 11:04pm On Feb 19, 2016 |
godoluwa:that is what am saying. 1. their production rate is low because we are nt buying frm them we prefer to buy mercedes, toyota, Honda and others. 2. They are nt affordable because it is managed on little fund, and they produce little quantity. u knw u the bigger the quatity and machinery the cheaper the comodity . but if the FG pump enough money into their company they will boost production and also make the car affordable by subsidizing it, just like MTN mobile network rate came down after the introduction of GLO |
Business / Re: Let Naira Fall So That Nigeria May Rise-seun by Elosky20: 10:33pm On Feb 19, 2016 |
DDeliverer:nobody wants to suffer, why will you go into industrialization when you can get money frm oil. plus corruption has eaten deep into our democratic system, people embezzle money allocated for industrial reform. remember we once have NITEL which was catering for our telecommunication needs at a cheap rate bt we sold it and the buyer shut it down. only to import MTN into nigeria, to come and give us cut head call rates and all this money will end up in SOUTH AFRICA. . We once have working refineries bt they got spoilt and instead of the govt to repair they chose to pay subsidy to refine the oil outside the country. just to mention a few. . Nw south africa have: DSTV, MTN AND MULTI CHOICE, TELKOM MOBILE, VODACOM, SHOPRITE and all this are international companies. bt we have none here in nigeria . Nw u can see that corruption is the main problem with our growth. All we need to get back on track is patriotism, dedication and accountability. remember NO PAIN, NO GAIN |
Business / Re: Let Naira Fall So That Nigeria May Rise-seun by Elosky20: 9:40pm On Feb 19, 2016 |
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Business / Re: Let Naira Fall So That Nigeria May Rise-seun by Elosky20: 9:38pm On Feb 19, 2016 |
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Business / Re: Let Naira Fall So That Nigeria May Rise-seun by Elosky20: 9:35pm On Feb 19, 2016 |
DDeliverer:it can be achieved in 4 years if the government pump enough money as we can get into the initiative. it must nt be agriculture. we can start with production of . Car - via innoson nigeria limited and expand production because nigeria spend more money on cars, atleast we can supply to other third world countries. . POULTRY- investing enough money in poultry will yield interest within a year. . TELECOMMUNICATION- we will need to invest in GLO which a nigeria company to boast production so we can service other african countries and if possible out grow MTN. . we can also go into: phone production Building and construction in africa. . this are a few sectors that can yield quick return in a short period, atleast to satisfy our national needs. . That is why seun said "Let Naira Fall So That Nigeria May Rise" we must suffer to enjoy. 1 Like |
Business / Re: Let Naira Fall So That Nigeria May Rise-seun by Elosky20: 9:06pm On Feb 19, 2016 |
DDeliverer:yes. the aim is for us to start producing and stop importation. after this is achieved nigeria can nw trade with other countries via TRADE BY BATTER. we give USA $1bilion dollars worth of agricultural product, they give us electronics and weapon worth of $1bilion dollars, nw with this type of trade naira will nt fall again because we are nt trading with it again. hope i helped. |
Business / Re: Let Naira Fall So That Nigeria May Rise-seun by Elosky20: 8:23pm On Feb 19, 2016 |
j DDeliverer:Let me explain as briefly as possible. The product that fuels our economy is petroleum. bt it is quite unfortunate that this product has lost its international value. Leading to dollar scarcity in CBN. nw for nigeria to manage this situation. the Cbn stopped allocating money to the bereau the change operators and pegging the official price at 199=1 dollar. dis is to discourage the importation of products that can be produced in nigeria, e.g toothpick, biscuit, cars and petroleum. forcing marketer to buy made in naija product, this will force other countries to import frm nigeria, and also come and establish their company in nigeria because it will be cheaper to invest in nigeria. nw if this is done nigeria will nw fuel their economy via exportation of agricultural and local products. there by reducing the stress of competing with bigger economies like usa and Uk for foreign product like phone, cars and fuel. which is making our naira to fall. The bottom line is that nigeria wants to go into INDUSTRALIZATION which is nw helping CHINA. |
Politics / Re: What Buhari's Ministers & Others Had To Say About Gej's Vs Pmb's Administration by Elosky20: 7:49pm On Feb 19, 2016 |
a |
Business / Re: Naira Falls, I Smile! by Elosky20: 7:11pm On Feb 19, 2016 |
cozy7:if it continues to fall, there will inflation in the country. so the money will nt be useful. things u buy 100 naira will nw be 300 or 400. 2 Likes |
Politics / Re: You Have Sacked Yourselves, Osun Govt Tells Striking Doctors. by Elosky20: 7:03pm On Feb 19, 2016 |
Pay us allowee o, Pay us allowee o, Make we de go !!!!. Pay us allowee o, Pay us allowee o, Make we de go !!!!. Pay us allowee o, Pay us allowee o, Make we de go !!!!. Pay us allowee o, Pay us allowee o, Make we de go !!!. 1 Like |
Politics / Re: Stop Disgracing Us; PDP Disowns Ohuabunwa For Raping Married Woman (see Video) by Elosky20: 6:59pm On Feb 19, 2016 |
m |
Politics / Re: New Militant Group “NDA” Blows Up Forcados Major Trunk Pipeline, Lists Demands by Elosky20: 6:53pm On Feb 19, 2016 |
d |
Nairaland / General / Re: Please Help My Girlfriend Wants To Finger Me by Elosky20: 6:48pm On Feb 19, 2016 |
how can a girl be doing dat to a fellow girl 1 Like |
Politics / Re: Nigeria: A Nation In The Wood With Her President On Transit. by Elosky20: 6:42pm On Feb 19, 2016 |
buhari must probe the writer |
Politics / Re: President Buhari Leaves For Egypt (PHOTOS) by Elosky20: 6:19pm On Feb 19, 2016 |
Safe journey our dear US foreign ambassador to Nigeria, We hope you will come back and visit us soon! 3 Likes 1 Share |
Politics / Re: FG Now Collecting Subsidy From NNPC, Others For Imported Petrol – PPPRA by Elosky20: 5:57pm On Feb 19, 2016 |
#IstandWithBuhari. who do you stand with. |
Politics / Re: Masked Witnesses Cannot Testify Against Kanu - Court To FG by Elosky20: 4:44pm On Feb 19, 2016 |
DSS 4 vs 3 KANU FC. . Both teams nead player re-enforcement due to fatigue 12 Likes |
Education / Re: UNIBEN Shuttle Bus Used As Cargo-Bus (Pictured) by Elosky20: 4:41pm On Feb 19, 2016 |
blood of buhari, help us 2 Likes 3 Shares |
Crime / Re: Pics :guy Who Promised To Hang Himself For Chidinma Finally Committed Suicide by Elosky20: 4:38pm On Feb 19, 2016 |
j |
Family / Re: How Did You Cope When You Had A Failed Relationship? by Elosky20: 4:34pm On Feb 19, 2016 |
package get a new person and start all over again. remember "Love dont cost a thing" |
Politics / Re: Jonathan’s Cousin, Samuel Oki Dead by Elosky20: 4:30pm On Feb 19, 2016 |
Rip |
Celebrities / Re: See The Photos Nigerian Soft-porn Star Afrocandy Posted After Having Sex by Elosky20: 4:24pm On Feb 19, 2016 |
with this her breast that lack self esteem |
Romance / Re: Don't Really Have A Title For This by Elosky20: 3:56pm On Feb 19, 2016 |
fuckgratulations . So you are having unprotected sex with a woman you are nt married to. and she is even living with you. pls dont come here to beg us to pray for u in the future o, |
Politics / Re: Japheth Omojuwa Sues Twitter User For N450 Million Over Death Threat. by Elosky20: 3:48pm On Feb 19, 2016 |
After the reggae play the Blues 22 Likes 2 Shares |
Politics / Re: Court Authorizes EFCC’s To Seize Tompolo’s Properties by Elosky20: 2:49pm On Feb 19, 2016 |
Ndi Igbo si na "Nwata etoghi eto wara ogodo, ikuku kuwe oburu ya na ogodo ya". 2 Likes 1 Share |
Romance / Re: I Really Hate Him & I Feel Like Poisoning Him. by Elosky20: 2:17pm On Feb 19, 2016 |
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