₦airaland Forum

You have extreme valid points here.

What I commend Atiku for is his ability to lay out such road map towards economic recovery.
Yes, some of it might be a wrong move, but these are all still subject to scrutiny.
Even Trump had a road map that was still re-evaluated and scrutinized. Take for instance his decisions to pick fights with allies over America's economy and security. As much as he intended to use more harsher measures but was still re-shaped to be fairly just.

Hence, Atiku laying out such road map doesn't literally means its going to be implemented the way his words lay the,m out.
We hope for a better Nigeria together.

kingkakaone:
Brother, let's remove political affiliations in our analysis and we'll see that this move is DOA.
Also thinking a VP will influence Atiku and his decisions is a bad gamble because we know how power drunk Africans leaders are.
Imagine how Pence has been silenced in Trump's government, that's to show u that a VP has little or no power to influence a regime.

BTW, This move by Atiku will destroy the economy as all foreign investments will be short term and will expose the country to danger when most of the investors relocate their money abroad.

I expected Atiku to talk more on improving our manufacturing sector and other solid minerals to enhance our local currency and reduce our reliance on imports.

Look bro, so long as our import is so high, this move is suicidal.

No am an errand boy

tinsel:
Are you a gateman?

If you were only intelligent enough to understand.

Iamgrey5:
Yes !

It is reason why the failure of banks triggered a global recession in 2008.

it is the reason why many countries have been clamoring for a change to the way countries trade and attract investment.

Be intelligent!

Marked

greyham:
If you like keep allowing these politicians sweet talk you with their nonsense.

Atiku will get to Aso rock and it will be business as usual.

You see petrol you're paying N145 at the pump, expect higher prices next year.

Mark this quote

Nigeria is hopeful with Atiku.
Instead of making vast blind unrealistic promises like Buhari, he's coming out with strategies he intend to use subject to scrutiny and reviews.
Nigeria is hopefully Atikulating.

grandexpress:
Instead of investing massiveliy in local SMEs and Start-ups. He wants foreigners to come here and exploit us. These are primitive ways to develop one's economy.
Build your local content and make them foriegn investors.

Rather than making the economy condusive for foreigners, make it condusive for your people. Nigeria remains hopeless... what a pity.

Ilitracy is bad for both you and Buhari.

Mouth Gig:
DIS THIEF TALK TOO MUCH..

GOD BLESS AND PROTECT BUHARI

SAI BUHARI..

The only bad idea we have right now is having an illiterate in office who doesn't even know the meaning of economics.

Roger3D:
I agree with you 100%. Floating the naira is a bad idea that would end up ruining the Nigeria economy

Mr desperation is still in power please along with his unrealistic failed promises

deolumike:
This man sounds really desperate to be president.

Hope you know this is truly a joke?

olatunji0607:
Dear Mr Atiku, I personally have a contrary opinion with your risk of floating niara, this will definitely take us back. Will still largely depend on oil and before any country can float currency, the country need to diversify economy. Our major problem started during the regime of you and Obasanjo, some people taught we are making progress as a country then, but no is the answer. Our highest naira denomination before you and obasanjo step into power was 50naira. Your greediness make you guys (Atiku and obasanjo) print 100, 200, 500 and 1000 naira notes within 8years. If not the intervention of God and some Nigerians, you guys intend to print 2000 naira note. Quote me all nairalanders, Atiku will print 2000 and 5000 naira note when he become president of this country.

So only America can determine our growth?
Be sensible

Iamgrey5:
World's economy is managed in Dollars

Be intelligent!

The Peoples Democratic Party (PDP) has said that the spontaneous and overwhelming acceptance accorded its presidential candidate, Atiku Abubakar, in the South East is a manifestation of the trajectory that awaits him in all the geo-political zones across the country.

The opposition party said the acceptance demonstrated the settled resolve of Nigerians across board to vote out the President Muhammadu Buhari administration because for what it described as its manifest failures in governance.

A statement on Thursday by the spokesman for the PDP, Kola Ologbondiyan, said the PDP was aware of how the acceptance of its candidate has sent jitters to the APC and President Buhari, adding that it has having belied claims that Mr President and the APC were making inroads into the Southeast.

Read Also: PDP, a damaged product, says APC
The statement said, “With the assemblage of all leaders of note in every sector from all the five states of the Southeast receiving our candidate, it is settled that President Buhari and the APC do not have any support in the zone.
“This acceptance could not have been less significant because the Buhari-led APC administration has no achievement, of any sort, in the entire zone.

“The PDP commends the people of the Southeast and Nigerians in general for their courage in collectively resolving to rally with Atiku and our other candidates to rescue our nation from shackles of the Buhari administration and return her to the path of good governance, national cohesion and economic prosperity”.

By: Gbade Ogunwale
Source : http://thenationonlineng.net/pdp-buhari-apc-jittery-over-atikus-acceptance-in-s-east-other-zones/

LMAO
The fact that he intends to implement same strategy doesn't mean he's going to incorporate same inadequate strategies used by Buhari admin.

That's why he has a sharp minded economic strategist on his side to make sure he makes accurate decisions towards the growth of Nigerian economic team.

EvilMetahuman:
brainwashed atiku fulani slaves are already rejoicing over the jargons he just said.
..


the first thing buhari did when he came was float naira/dollar which made dollars go as high as 500 and inflation reached all time high... the same brainwashed mor0ns wailed about how buhari is killing them with hunger.

now these same mor0ns are praising atiku for planning to implement the same thing... now they wonder why no one takes them seriously.

Coming from a joke, am not surprised.

989900:
Error #1.

Never thought Atiku is as dumb as he looks.

If only schooling was so easy.

kayfra:
An average Nigerian will scream bloody murder when Atiku implements this. The value of naira to the dollar will dramatically rise, probably north of 700 Naira to a dollar and prices of everything will increase immediately.

While it seems like a reasonable economic policy. Nigerians are absolutely not ready for it.

Is America the only wealth creating nation on the planet?
Be sensible.

Iamgrey5:
Where is the "foreign money" coming from when American reserve bank is about raise interest rate.

APC is not sharp enough to understand such kind of brilliance/knowledge he, (Atiku) is emitting.

kahal29:
Mmmmmh..... Atiku is mixing up alot of issues.

That's why he has a strong financial guru on his side for a VP.
Your believe that he is going to drive this nation backwards is very wrong and untrue.
I believe he will build a better and strong financial team to grow this nation just as he did back then by bringing Ngozi back to Nigeria.
No can investors come into a learned nation like Nigeria and just abscond with our wealth under Atiku unlike the Buhari administration that is compromising with MTN after looting us.

dat9jaguy:
What assurance do we have that these foreign investors will plough their profits back into our economy?Capital flight is a major problem facing our economy.
Atiku presidency will seriously set this country back.

Ignorance is truly a female dog

quickberry:
See the person that wants to rule us, that would be an economic suicide Mr. Atiku

Am just getting started.

Are you ready to kiss my disrespectful ass?

Officialpdpnig:
Are you done ranting?

Do you know how many politicians have died, been kidnapped or threatened since Buhari started his hypocritical 2nd term bid?
Let's start from the Kano Inec chairman that was burnt along with his entire family just before the 2015 election in a bid to have their was around rigging the election in favor of Buhari, or have you forgotten your messiah is an assassin?
You raise your fingers in accusations forgetting the dense bloodshed that Buhari has rained on Nigerians.

But then, they will tell you there's no peace without murder.

If you call Atiku an accessory to the numerous claims of assassinations, then, Buhari is a murderous corrupt maniac without a leash.

Officialpdpnig:
Please don't quote me. I am very angry right now.

To even think that 98% of these political assassinations happened during the government of Obj and Atiku says a lot.

These were high profile assassinations. Anyone who spoke up against the government of OBJ and Atiku gets eliminated. Same way Obasanjo with Atiku as his vice decimated Odi.

The presidential candidate of the Peoples Democratic Party, Alhaji Atiku Abubakar, on Thursday, faulted the Federal Government for allegedly failing to provide the funds needed for the National Bureau of Statistics to perform his essential service.

He said the situation had made it impossible for the NBS to produce the current annual employment report as mandated by law.



Atiku’s position was contained in a statement made available to journalists in Abuja by his campaign group, the Atiku Presidential Campaign Organisation.

The organisation recalled that notes Statistician-General of the Federation, Mr. Yemi Kale, was quoted as saying that that NBS was unable to release the annual unemployment report that it is mandated by law to produce because the present administration has not provided the NBS with funds.

It claimed that the present administration deliberately starved the NBS of the fund with a view to hiding the nation’s unemployment figure which it said has become unprecedented.

It said throughout the period the PDP was in power, the party did not starve NBS of fund.

The statement read, “Throughout the 16 years that the Peoples Democratic Party governed this nation, their various governments never took this route, but funded the NBS to perform its statutory duty.

“We know for a fact that the Muhammadu Buhari administration is in a state of panic because of the unprecedented unemployment numbers in Nigeria and is desperate to hide that information from the public.

“If the Buhari administration can afford N1.1bn to fumigate the office of the National Security Adviser, if they can afford ₦3.5mevery month to feed Ibrahim El Zakzaky, then they can afford to release funds for the NBS to perform its statutory duty of releasing the nation’s job report.

“President Buhari promised to create three million jobs per annum during the 2015 Presidential campaign season, but has ended up losing over three million jobs every year since he was sworn in on May 29, 2015.

By Olalekan Adetayo.
Source : https://punchng.com/atiku-faults-non-funding-of-nbs-demands-current-unemployment-figure/

The residential candidate of the Peoples Democratic Party, Atiku Abubakar, has said he would be willing to risk plunging Nigeria’s economy into inflation in order to guarantee inflow of foreign investments.

Mr Abubakar, a former vice president, said he would float the naira, so as to allow free market determine the value of the national currency, a controversial position that stands in sharp contrast to the belief of President Muhammadu Buhari.

“I would prefer to float the naira because I believe that will bring about a more stable exchange rate,” Mr Abubakar told The Africa Report in recent interview. “Therefore, foreign investors are more likely to return to Nigeria and invest as much as possible.”

“We have to create more incentives for foreign investment and relax conditionalities, remove regulations as much as possible. But what you forget, it has two side effects,” he said.

When challenged that the policy could worsen Nigeria’s inflation rate, which stood at 11.3 percent in September after averaging 16.5 percent in 2017, Mr Abubakar said the foreign currency that potential investors would pump into Nigeria would be enough to cushion the imminent crisis of inflation on Nigerians.

“There could be devaluation and there could be a lot of inflow of foreign currency into the country. The devaluation that is likely to result can be balanced with the relatively huge [sums of] foreign currency that will be coming into the country. We had that situation prior to the departure of [former president] Goodluck Jonathan.

“At that time, we had a pile of foreign investment in the country, and there was stability of the naira. So people did not have to go to the central bank to look for foreign exchange because there was foreign exchange in the market and in the banks. So it could turn out to be a win-win situation,” he said.

The policy the candidate is proposing could send commodity prices through the roof in an import-dependent economy like Nigeria.

But it conforms with his longstanding position that Nigeria’s economy should be guided by free market principles.

Currently, the country’s manufacturing sector has been widely deemed moribund by industrialists and economists. Mr Abubakar’s proposal, which he said was successful when tried before, did not seem to fathom what would become of Nigeria’s economy in the transition period between foreign investments and and growth.



“There is no amount of foreign foreign investment that would drive down inflation,” Enobong Udoh, an economist, told PREMIUM TIMES Thursday morning.

Mr Udoh said the problem with Nigeria’s inflation has more to do with the monetary policies of the Central Bank of Nigeria, some of which a president might not be able to control to avoid being seen as compromising the independence of the institution.

“People emphasise too much on fiscal policy and not the monetary policy, which is actually the problem,” Mr Udoh said. “If you are having interest rate of over 25 percent, it is not good, and you cannot use foreign investments to drive down its immediate impact.”

Mr Udoh said Nigeria’s real inflation rate is over 25 percent, casting strong doubts over the 12 percent which the statistics office is reporting.

“Inflation is about 25 percent right now,” Mr Udoh said. “Banks are giving out loans at about 25 percent and they try to make two or three percent interest on each loan.”

He suggested a reshuffling of top management officials at CBN as way to drive down lending rates.

“The guys at the CBN are in charge of monetary policy, but they do not know what they are doing,” he said. “they are not doing well at all and they should be removed urgently before we could have a sensible economy.”

Mr Buhari strongly rejected calls to float the naira between 2015 and 2016, although he eventually yielded to calls to devalue when it became clear that the CBN could no longer defend the national currency.

Mr Abubakar’s comments to The Africa Report, which come four days to the formal opening of presidential campaign, have also elicited critical reviews by commentators in the ruling All Progressives Congress.

Mr Abubakar “is clearly proposing a suicidal economic plan for Nigeria,” Ayo Akanji, an APC strategist, told PREMIUM TIMES. “Nigerians can now begin to see that they risk voting in a man who lacks basic understanding of macroeconomics.”



“This is a voodoo and crooked economic policy that he might have used in his private businesses and assumed would work for Nigeria,” Mr Akanji said.

“Nigerians should now compare this dangerous proposal with how the Buhari administration has been implementing a holistic home-grown solution to our economic problems, which has been working for us as evident in gradual and sustainable uptick in the country’s economic activities,” the strategist said.

By Samuel Ogundipe
Source : https://www.premiumtimesng.com/business/business-news/295841-ill-risk-inflation-to-win-huge-foreign-investments-atiku.html

Don't waste your breath on this ignorant Buharians.
Let them keep kissing their own disrespectful low self esteem in ignorance.

Magalan:
You cannot even read your own article... or trying to be smart by half.

Now read slowly:


Also try reading:

Joker

[quote author=danpossible post=72976738][/quote]

This your imaginary hopes will be dashed come 2019.

Felixv:
Obj

The tyrant

But atiku only fought for his own survival - let’s not forget that he and obj had a turf war going on before the third term episode came about.

Atiku is an opportunist- this is endemic among our elite, and I should know this because I have many friends in that category.

They have very little sympathy for the common folk , and take pleasure in deriding them.

Do you really think atiku cares about you and I. You need to go through his past actions carefully.

Anyway I guess this discussion can go on forever but come Election Day and after, atiku would be soundly defeated.

It would be funny if he only won the SE and probably SS. He can be named honorable president of the SS and SE.

Rome wasn't built in a day.
Brick by brick, the towers of babel rose.

Afamed:
He has been endorsed with the usual 5%

Don't lose sleep.
Atiku will treat all Nigerians equally come 2019 unlike Buhari that said he can't treat those that gave him less votes same as others that gave more. But the hypocrite now runs to the South now with his tamed toothless Osinbajo campaigning and deceiving your kind with 10k traders money and N-power's 30k.
god help your souls come 2019

Victorygold:
OK, president of the minorities, IBO's, come 2019.
Its possible in your dream.
That's when Nigeria allow you people go in year 2119,then you can make the thief your president.
Not my Nigerian president.

Don't worry, we will give Buhari to the rest of you all come 2019 after the rest of Nigeria gets Atikulated so that he can continue with the blood-hunt.

Victorygold:
OK, president of the minorities, IBO's, come 2019.
Its possible in your dream.
That's when Nigeria allow you people go in year 2119,then you can make the thief your president.
Not my Nigerian president.

Him don see am already.
No shout.
Atikulated

samydo:
Yeye dey smell ����, wetin dis one dey fins for igbo land

Presidential candidate of the People’s Democratic Party (PDP), Atiku Abubakar stormed the venue of the Igbo elders, religious and traditional rulers just as they were about rounding up.
He came with a message “Whether I am president or not, Buhari must go in 2019. Our economy must be fixed.”
He arrived in a large entourage that was led by the national chairman of the party, Uche Secondus. In the entourage were the senate president, Bukola Saraki , Babangida Aliyu, Gbenga Daniel, Dino Melaye and other party chieftains.
Atiku ‎told the full house of Igbo leaders that he and Peter Obi would correct all the anomalies visited on Nigeria by the Buhari administration.
He pointed at the security apparati in the country and decried the situation where all the security chiefs were from one part of the country.
Read Also: Buhari, Osinbajo lash out at restructuring advocates
“It aches ‎my heart when I receive texts listing the lopsided appointments of security chiefs. The appointments do not reflect federalism. This is not federalism,” he said.
He promised to bring back to life the coal industry, regretting that coal which use to power the whole of Eastern Nigeria before the war was abandoned.
He promised to give all it takes to make Nigeria a united and progressive country.
“A combination of Peter Obi and I, you can trust will fix the economy.”

By Chris Oji
Source: http://thenationonlineng.net/buhari-must-go-atiku-tells-igbo-leaders/

until then, lets get Atikulated.

globemoney:
The campaign for Igbo presidency in 2023 will take centre stage soon

it'll be so unfortunate for you type come 2019 when Atiku wins and you're put to shame.

CilicMarin:
This is an important meeting for Atiku.







After all, He is go to be elected the President Of Biafra Next Year.