₦airaland Forum

Chukzyfcb:
reduce the rates and have more people access the naira right and what happens? inflation reduces? lool
have you forgotten inflation means too much money chasing few goods, inflation cannot reduced if other factors aren't considered
we need
- huge forex inflows in the country
- the transportation fare needs to be reviewed
- the electricity tarrif is high with no significant improvement
- tax incentives should be given to key manufacturing item
these four things are to be checked, reducing MPR rates while these factors aren't touched will do nothing but further increase inflation.
all hands need be on deck. emefiele cannot do it alone

drss2:
command n control is d only economic policy of buari dullard. whether his actions is economically bad for d con3 is not his business. buari dullard is a feudalist communist disciple.

abdulwastecx:
It is really pathetic that we have leaders that lack foresight in governors... Oil is becoming irrelevant, how do you want a country of almost 200million to survive on oil revenue of less than 20billion dollars when country like Ethiopia are making over 5 billion dollars from exportation of rose flower to Europe alone.

The real diversification should gear utowards unlocking our industrial and commercial potential. I expect a serious government should declare a state of emergency in rail construction, cities like onitsha, Lagos, port Harcourt, ibadan, enugu, aba, nzuka, kaduna, Abuja, kano, etc should be linked with good railway network to aid Commerce and industrialization. I expect the count to declare a state of emergency on power, create small industrial parks, make loan accessible to small scale entrepreneurs, change land use act so that people can get land easily for commercial agriculture purpose

AkinropoIlori:
The little knowledge I have on this topic is that devaluation occurs in the fixed exchange regime while depreciation comes under the floating exchange rate.... under the floating exchange rate system like what every other writer has said there is no official exchange rate. The market creates its own supply and demand and adjust to equilibrium automatic by these market forces known as the forces of demand and supply which is known as the invisible hand by the classical economists like Adam Smith... So what the CBN did was to depreciate the currency in other to pave way for the floating system which will close the gap at the parallel market. One of the demerits of this regime is that there can't be stability in the exchange rate market because the demand must look for it supply in other to obtain equilibrium which changes from time to time.. My prediction is that the exchange market will continue to appreciate in an increasing returns in few days/weeks/ or even months but starts to increase in a decreasing return until stability is obtain. However, if the policy is hijack by the very few rich individuals who have access to foreign exchange it will make dollar more costlier at the expense of naira only creating more wealth for these very few rich individual at the expense of the masses..

Heavance:
Until we understand what a UNIFORM is, then, we shall have peace. University undergraduate don't put on uniform, so they can use hijab, some of our schools have a statue close to gates, in the UNIFORM'S colour, you will find no hijab on the female version or any Christian rob, or traditionalist attire.
If you want to use other dress codes, you should stay at home, please....... Girls can cover their hair with other white attire, that should substitute the hijab, pending the school hours, and any Christian too who wishes could use same, let's use the uniform during school hours, abeg. Let's not start doing as if one religion is above the other, the court sef Bleep up, they compromised, tell them to use the UNIFORM and not add anything, that's all.

Shym3xx:
It still doesn't make sense. Lagos has more than enough potentials and whatever FOREX earning rice will ever generate can't match a small fraction of these potentials. If Lagos can tap fully into its potentials - forex earnings from oil won't be able match the potentials Lagos has.

These folks need to focus on these potentials and stop getting the state entangled in nonsense. We don't need rice plants - we need a strong Lagos Stock Exchange.

9ja4show:
You are not making sense ,its better Lagos state buys the already prepared rice than to build factory that kebbi people will say they own someday!

Can't it work in lagos ? Answer that first

brunofarad:
Pls lecture me the more on
Capacity
Capability and orishirishi....

kozmokaz:
sorry bro... Geneva convention is still in voke

brunofarad:
Someone pls help me tell these men

That



The avengers strategy is hit and run...




So to fight the avengers,,,,,u deploy more of intel gathering logistics.


That's if they even understand what am saying




Last bullet
Someone said from my post,,, I can't govern a street,

well,

I won't respond to that...

Let him just check my PROFILE and come back here to thank me.

allthingsgood:
All I know is that everything will work out for Nigeria's good. Let them keep bombing, niger delta will soon become irrelevant. Nigeria will eventually move away from oil

But let me just say this, this NDA is running the script of foreign enemies. This is no longer about improving the lot of niger delta. We are in a period where countries are fighting to sell oil, so by reducing our production they increase theirs. Am suspecting iran

Gaskia:
Import duty waiver is a tool used by govt to improve cross border trade volume and swell local economy. Part of what makes Dubai and China global business hubs today is the low duty regime.
Govts can also bail out private companies and banks with public fund like Obama and Yaradua did.
PMB recently bailed out sates with money from LNG.
PMB also decently granted Dangote tax waivers in return for roads in one of the northern states.
Must we criminalyze every thing?

The question should be if the President had the power to grant waivers.

bejeiodus:
The statement was well worded. It was a euphemic way of announcing the removal of fuel subsidy. It is so disheartening that we would have long gone past this if today's proponents of subsidy removal had not opposed the policy four years ago. I hope Nigerians can see clearly how they were fed lies to stir up their anger against Jonathan.
It is the way to go, but Nigerians need to ask those who came up with the policy why they resisted the removal four years ago.
The APC must apologize to Nigerians, particularly families of those who lost their lives during the subsidy protests. It is the only way of showing contrition for misleading millions of people.

kayfra:
I swear they should make me CBN governor when they keep adopting my suggestions (lowering interest rates). My recent posts below:

Hi there,
Great ideas... Not an economist though
My 2 cents:

I do not see devaluation as a magic wand. We are currently an import dependent economy... In moving away from an import all orientation the FX rates are quite critical. SME's, Manufacturers need good exchange rates to get machinery and other inputs.So a steep devaluation may hurt really badly. It will not help the solid mineral extractive industries that we really to grow at this stage.

The circuit breaker approached that was adopted by China stock exchange market (though not successfully) may really help if well fine tuned. Most of the institutional investors pulling out will always do so in any economy. They are not long term investors. The reason they want the devaluation so much more is the advantage they get in the shares being pea nuts after they have pulled out.
Its actually time for local finance institutions to pick the units up....i hear a lot of northern based finance houses are looking at the share prices now. They are cheaply attractive.

Reducing the interests rate is one thing to do but we need investment in infrastructure. Energy,roads,security, health all play their roles in growing local production.
Local Institutional investors, Pension funds reinvestment may be alternative. Low interest loans from infrastructure focus institutions may help, investments can be recouped by toll rates on PPP financed facilities.

Solid Minerals is another tap yet opened. Limestone, gem stones, coal, bitumen are minerals we haven't really considered. Low interest rates, adopting new revenue rates.

Adding real value to local consumption of refined crude is another option. NNPC is already looking at higher participation in the retail area. Petrochemical products as well.









Watch him adopt more of my ideas.

shadowgwalker:
There is no normal human that can't sit on the floor. What's the big deal? He only went the further step to do the act because its in the nature of an abokee to always relate their yansh with the earth surface.

wachakuta:
El-rufai broke record today as d 1st govr to presnt his budget to da people b4 even presenting it to d state house for approval... and d Budget was Planned based on d IGR of d state (nothing like dependency on Oil money)

Politics aside, how many of our state govrs can do dis??

obailala:
El Rufai has just revealed a clear and indicting fact concerning African leaders who grow fat and fresher while in office; if our Nigerian leaders are really selfless, know what they are doing and do what they are supposed to be doing, there's no way anyone can get into office and come out fat. That's what Mr Rufai is saying to y'all.

cc: Those not-too-smart people are asking him to resign.

Goke7:
you guys are forgetting that Oliseh is an employee that has an employer, did Oliseh consult the nff before he took his decision to eject Enyeama, Enyeama is even right fighting for mikel to captain as he is senior to musa, even the nff knows that. Oliseh was trying to play God by taking some decisions that needed consultations with his employers before taking action, this was one of the issues nff had with keshi and here Oliseh who criticised Keshi then is already towing the same path. This was why nff overuled Oliseh cos they know he goofed on that one. Oliseh should have consulted with the nff on the captain issue especially when Enyeama and Mikel were in camp. Nothing is wrong with Musa becoming captain but Oliseh forgot that the National team is a National asset owned by all nigerians.

Oliseh is wrong please

Firefire:
You mean ...

ISpiksDaTroof: Does South Africa have First World type cities? Constant Electricity? Good Roads? Medical Care? Yes? No?

My man, face the fact, Nigeria is a dirt poor, disorganized and unorganized country and at the helm of the affairs is the greediest, corrupt, and most unenlightened man one can imagine.

Cubeet: you mean this puf puf sellers, ice cream seller, truck pushers e.t.c are living below 160naira aday?(poverty line)

Promhize: Are you trying to spoil someone's business.
Ok, since you asked a question. Well, I think they have to wait for a couple of days so they see if they can receive more orders from your area so as to minimize the cost of distribution or transportation. Basically instead of delivering N4500 worth of goods everyday for 3days which costs let's say 500 to deliver per day to approximately the same location, resulting in 1500 delivery cost, they can deliver the whole thing the third day alone at 500delivery cost.

Got it? You just have to be patient as the business grows, they might reduce the time between order and delivery. If delivery on the same day as the order would cause a loss for them, no matter what you say will change their pattern of business.

My 2cent? For lecturing you

larride: Seconded.

If we crash out of this tournament, it won't be because our boys ain't good enough, it will be because our coach isn't technically sound. These boys are good but I don't think Manu Garba can bring the best outta them. Anyway, I support the team irrespective of who is in charge.

Proudly 9ja.

deor03: He technical ability is suspect. By now, we shouldn't be under this kind of pressure from the Iraqi's

mickyarams: Nigerians with their funny mentality. Universities have been on strike for almost 6 months now, Corruption has made us the laughing stock of the world. Just mention the word Nigeria abroad and people will start laughing, and the government are getting their knickers in a twist over gay people. Brainless tw*ts!