₦airaland Forum

typicalgamer:
You still follow nairaland people 🤣
Here that’s full of emotional and fragile ego folks if they tell me it’s raining here i won take it seriously

If only they use mouth to play ball ⚽️

Hahahahahahaha! Na true talk. Don't take anything said here seriously. Double check before taking it seriously.

Na only by mouth many take play ball here. Dem no sabi shingbin for football.

mrvitalis:
How would i list competent person there are certain criteria for having a good minister of finance n cbn governor

Person should at least have a PhD n minimum of 10 years experience in macro economics (not micro economics)

Have a minimum of 10 years developmental economics policy formulations

Should at least have work experience with international monetary policy agencies like IMF, world Bank, AFDB and the rest

This 3 conditions have never been met by anyone appointed by APC

Only the present CBN governor has met 1 criteria and that's just the first one

I know u know nothing about economics/management let alone macro /developmental economics to understand this things

Okay. Mention the better options.

If you believe Victor Boniface will make the team ahead of Taiwo then I can boldly say you don't rate Taiwo but unfortunately, he is way ahead of any Nigerian striker in the world save Victor Osimhem.

He's playing at the highest level with the best players on the planet earth. He has already don dat at Bundesliga before he went to EPL.

Don't tell me you now rate Bundesliga above EPL just because of numbers of goals. Remember, you rated Osimhen ahead of Taiwo because he was in Seria A which was above Bundesliga even when Taiwo out scored him in 2021/2022 season.

Don't talk about consistency.

Internet doesn't forget things at all.

If at all we are to pick competent and consistent strikers over 3 to 4 seasons, there's no way Taiwo will not make top 2. That's even behind Osimhen but on Nairaland, he is not even in top 6.

What a joke.

It is not true we can't produce anything. The problem is competing with other foreign products in the market.

We must not rely on foreign technology but also our own technology.

Before the advent of foreign technology, our forefathers developed techniques to harness oir mineral resources.

The government must do all they can to support and improve local technologies.

OndoNews:
How To Strengthen Naira Against Dollar: Ex- Minister Olusegun Unveils

In The News: Former minister of Finance, Olusegun Aganga, he said the naira would continue to be weak if Nigeria remains an import-dependent country and does not produce for local consumption and more importantly for export... Continue Reading 

Aganga, who spoke in Lagos at the 3rd Adeola Odutola, lecture during the 51st Annual General Meeting of the Manufacturers Association of Nigeria, asked:

“What is the wisdom in spending billions defending the naira when it continues to fall instead of investing in genuine manufacturers and exporters of high-value products that would earn Nigeria foreign income and more.”

He charged the government to declare the industrial sector a national priority sector and back it with plans, policies and money.

Click Below Link To Read Full Details:

https://rovingupdates.com/how-to-strengthen-naira-against-dollar-ex-minister-olusegun-unveils/

That is what this administration plan to do. Identify a product and support with 1bn naira loan.

Nigerians are the problem of Nigeria.

Very good

mrvitalis:
5 zone were ignored but na you only care about one

Mention the competent person ignored for the office of Minister of finance and CBN. Leave stori.

nairalanda1:
On no 1...

Subsidy is back, otherwise fuel won't be below N700 nationwide. Then there is still a subsidy on power.

That's a waste of money.

I think so too. I hope Dangote refinery is not a scam. It ought to have started operation by now.

mrvitalis:
If that's what you could comprehend then that's your problem oga

Tell me who were ignored for the post of minister of Finance and CBN since you believe the ones there now are incompetent and produce of quota system.

nairalanda1:
Good point about adopiting our products, BUT....at the end of the day, Tinubu is

1.Reintroducing subsidy and the debt therein on petrol, and maintaining subsides on power, which limits growth in both sectors.

2.Not urgently fighting corruption and leakages

3.Not improving tax to gdp ratio.

I thought he debunked no 1.

He just made appointment to head the agencies fighting corruption. Let us see how it goes.

I don't know about no 3 but I know he is more focused on improving on tax.

mrvitalis:
I'm not responsible for your ability to comprehend simple English

Now shu shu run along

Your English is, no other region is competent than mine else tell me who you think are competent to be minister of finance, CBN governor etc but ignored .

Kog45:
It was Obasanjo that managed the economy very well.Jonathan government started real corruption with impunity and Buhari messed things up,now Tinubu a confuse man.

I don't think Tinubu is confused. We need to move from the way we did things to another way.

We are in the right direction. Buhari secretly removed subsidy long before the election. The reason it wasn't included in the budget. There was nothing Tinubu could do.

Why are people interested in the exchange rate? Because they depend so much on imported goods including toothpick. Can you imagine?

It's not that we don't produce anything but we don't seems to patronize our own produts hence the rush for anything foreign.

We must change our lifestyle to adopt our own products.

mrvitalis:
He had a team with world class experience
... Check all his economic team they were rushed by international agencies

Even the corrupt ones are Allison you can't deny they were brilliant at what they did


APC issue is the right people to do jobs don't come from the region they want it to come from

For APC all positions are reward to regions for supporting them..

. For PDP there were some key positions they were reserve for technocrats irrespective of were they are from

From your submission, the only right people to do the job are from your region only. The ones from other regions are incompatible with efficiency hence incompetent, right?

5 Northern justice? Atiku ......I no talk anything ooo.

Who forged?

After collecting money from CBN to reduce prize, they still went ahead to increase prize of rice

Appointment galore

Meaning what?

As long as they can bring innovation to the sectors.

Welcome development.

Bananapill:
But we don't have such products as Korea do. The product of our competitors are even better than ours. Where does that leave us?

God has given every nation one or two things to survive on but they have to discover and develop it.

We have many products to export but they need the support of Federal government or state governments to produce in larger scale and export.

emorse:
Don't forget that you have to produce first before you can export. So if cost of production kills small businesses, there'll be nothing to export hence, no benefit of devaluation. It's a delicate balance.

That is why government intervention to fund local products is very important.

Korea government funded Samsung, LG, Hyundai etc to get to where they are today.

Theunbothered:
But devaluing the naira will make it very difficult for Nigerians to produce anything since what we import are refined fuel wheat and machines.

If the raw materials are not imported but produced here, I don't think it will affect production.

We have to develop and improve our own indigenous technologies.

We have the technology to refine crude oil but because we don't appreciate it, we clamped down on them and rely on oyinbo technologies.

Meanwhile, we are adopting modular refineries technology from them but ignoring those with the technology to do local refineries.

What stops us from invite these people? Exam the technology and develop it if possible. Then license them to refine crude oil. Vola...no more importation of oil.

We must adopt our local technologies if we want to produce and export.

DeepSight:
Olodo, a devalued currency is a tragedy for an import dependent economy. South Korea is one of the major manufacturing economies of the world.

You are just repeating whar I said.

Bede2u:
Lol. It is not about the value of naira but the RATE at which it is losing value which is causing undue hardship to people on salaries.

If the value of naira to dollar is 2000, but has remained like that for 5 years then naira is regarded as a stable currency that can store value.

I quit agree with you but the problem is, we import more than we export which puts more pressure on the naira.

I think if we produce and export more, our economy will be stable. Value of currency doesn't determine the wealth of a Nation. Won is worthless but the economy is good.

emorse:
Don't forget that you have to produce first before you can export. So if cost of production kills small businesses, there'll be nothing to export hence, no benefit of devaluation. It's a delicate balance.

We are saying the same thing.

I don't believe we don't have finished products. The problem is western world don't allow our finished products in their country.

Even if it's 1 or 2 finished products, we should focus on these and export massively.

Theunbothered:
Korea is exporting finished products Nigeria is exporting raw materials and making itself poorer.

We are saying the same thing.

Ballotti:
You did not answer my question.
How do you graduate without passing ENGLISH AND MATH?

As for CSU. . . .Not worth mentioning
Does it know WHICH MALE OR FEMALE TIEFNUBU graduated?


Please, answer my question and leave all those fake affidavits and concentrate on what Caleb Westberg testified UNDER OATH
Thank you!

Are you CSU registrar that acknowledged Tinubu graduated from their school?

I should leave what Caled testified under oath but believe your po ho po ho testimony on nairaland, abi?

Ballotti:
Please, he never graduated.
Stop misleading the populace.
How can you graduate without basic ENGLISH AND MATH?

GBAJUE CERTIFICATE. . . do YOU understand? ? ?

He never graduated from CSU because you are the registrar of CSU, right?

I actually agree. Naira had more value than won but Korean economy is bigger than Nigeria thus making them more wealthy and richer than Nigeria because they export more products.