₦airaland Forum

jamesibor:
I hope they have the courage to invite Okonjo Iweala to lecture them.

Okonjo is history, move on with your life, she herself has moved on, OK?

naijaboy756:
trying u said? Name one thing he has successfully done save for inconclusive witch-hunt(corruption fight) and touring the world

The anti corruption fight is actually what is paining u guys, nothing more but sorry you can't do anything about it cos if you stole Nigeria's money you just have to return it

nobody should be troubled at all by this article now as pdp is only trying to get relevance now just because of the present state of the economy and so its an opportunity to get some political mileage. The emergence of the new controversial pdp chairman has further battered their image and so any thing now to throw tantrums at PMB and his govt is a welcome idea by them.

pdp including barcanista should be ready for the long haul as more revelation about the pdp reign of 16 years of terror will continued to be revealed even down to when 2019 will begin to gather momentum. The hard stance of PMB not to devalue the naira and the sudden appreciation has caught pdp and its fans by surprise and by the grace of God, they will continue to be shamed and disgraced.

A party who failed for 16 years can never be a good assessor or examiner of another party or Govt that has been in power for barely a year.

Ben bruce brought this upon himself, in Nigeria when you play politics, you must ready for the long haul. The moment Ben bruce came into the political soccer field with his twitter rants especially with his attacks whether constructively or not, I knew it was only a matter of time before guys will find a loophole to try and even scores with him.

I support his 'buy made in naija' campaign but some of his previous twitter rants especially when the price of fuel was fixed at 86.5 naira per litre were a 'no no' for me. Ben bruce should play his political game more wisely cos he will meet more of this on his political journey

Akaujaa:
"Approved by national assembly not house of assembly", I guess you mean. Yes, I am very much aware but don't forget that they have been working the supplementary budget of the previous administration. Besides, that's not the basis of my assertion. I have taken time to study the body language of the above mentioned ministers and discovered that even with the budget at their disposal, they have little or nothing to contribute in this administration. While they wait for budgets to get to work, I believe they also need to manage the administrative aspect of their office to save this government an embarrassment.

You are wrong, the major duties of ministers is to implement Govt programmes so how is that possible without budget approval. The supplementary budget is for emergency spending and not for major capital expenditure. You are in a hurry judging the ministers who just resumed duties few months ago. Tell saraki and his men to stop playing politics with the budget with his cct trial.

Thanks for the correction too.

I think just like Boko haram, we are beginning to play politics with the present economic crisis at hand. I think the ruling party and those who actually know the true state of things understand the game PDP, their fans and apologists like Aribisala is playing. This is why they will continue to be ignored in the scheme of things. PDP is still nursing the pains of defeat.

I had expected Femi to write an article about the new PDP chairman as he has been canvassing for a strong opposition and accusing PMB and APC of trying to kill the opposition. I even expect Femi to accuse PMB of imposing sheriff on PDP

From Femi's articles, one can see bitterness which may never be cured, as per the economy another major point people fail to realize is that non-Government expenditure is another reason for the current situation, when Govt starts spending after the approval of the 2016 budget, things will generally improve, those wishing and prophesying doom and asking us to beg NOI are our Nigeria's greatest enemies at this time

codedguy1:
I believe 2 major things are wrong with us in this country:

1, Our attitude towards leadership or rather our attitude when we get to leadership positions - it seems all sense of decorum and empathy is thrown out of the window and the innate selfish nature just takes over. I just can't explain.

2, The structure of this country, including electoral and constitution as it is presently constituted will always make us never reach our true potentials as a country.

No be swear!

there is nothing wrong with our structure but rather we take advantage of our constitution, laws for our personal gains. for example, the card reader and pvcs were introduced to make our elections better but instead we claim that they are not recognized by our constitution just to kill the innovation to continue electoral fraud. We are the problem not our laws.

Akaujaa:
Though an ardent supporter of this government, I'll suggest that Buhari carries out a minor cabinet reshuffle and wipe out the likes of the ministers of finance, communication, foreign affairs, information, budget and national planning and also that of environment. This is entirely my opinion because these ministers either make noise in the wrong way or are obviously quite and redundant.

are you aware that the budget is yet to be approved by the house of assembly? which money do you want these ministers to operate with?

Sometimes we need to do some proper analysis before we make our views

I think there is a lot of misinformation about CAN, surprisingly it was even the northern Christians who supported Pastor Ayo to emerge as CAN president due to the role he played in the crisis in Jos some years back when he was PFN President. The Christians in the north were even the one who insisted that Pastor Ayo should be CAN President despite the opposition from Onaiyekan and the Catholic Church.

Its a pity what CAN has become today, a once respected and true National body has now be made to look so partisan and politicized along tribal lines.

Later some folks will come up and say why is there no seaport will full activities like in Lagos not in the se or ss region?

I think the answer is here

dungburu:
I think Fayose understands the game he's playing. He has never been a looser. The outcome of his decision by picking on Alimodu will be a shocker to all. Fayose the staunchest and undaunted political striker who never misses any opportunity. He is probably driving at becoming vice-president come 2019. I'm confident of his gimmicks.

I laugh is spanish, you guys forget so easily that Fayose only became Governor through Federal Might when PDP was the ruling party. PDP is no more the ruling party and they have been plummeted heavily by APC, the likes of Fayose and Wike are only trying to play dirty by imposing sheriff as the PDP chairman cos they think the best way for PDP to come back in 2019 is to play dirty but I tell you they will meet their match in the likes El rufai, Tinubu and co. Just watch

grandstar:
All countries that have become giants have done so on the shouder of exports.

Look at Nigeria and what crude oil exports has done for the country. Imagine if Nigeria had 5 sectors like that

We can only have the 5 sectors by looking inwards and reducing importation to some level. Importation business is easier than exports in Nigeria, most nigerians will never want to export if they are not forced to do so. PMB and CBN is on course only blackmailers think otherwise

Eluwilussit:
Southerners dey import goods. Northerners dey sell money. Which one come be ethnic card. This is how the north has always cheated the south. If you like, dey there dey pretend. Wake up. Buhari is never known for doing anything that will benefit every section of the country.

You have not answered my question, is the chairman of innoson an Hausa man? Someone said sokoto govt has held meetings with innoson to purchase cars so who is not benefitting? If nobody patronise innoson, won't you back here to complain about marginalisation?

Don't be hypocritical pls

lookandlaff:
thank-you o, the other day one of them was begging Saraki to remove tomato puree from banned items, meanwhile there is a glut of raw tomato production in the country now. Instead of the idiot manufacturers to ask for forex to procure machinery so they can manufacture their own tomato paste from local tomatoes like Erisco, they still want to waste our forex to use us as a dumping ground for EU subsidized overproduction of tomatoes.


http://www.tribuneonlineng.com/cbn-forex-restriction-on-imported-goods-to-stay-%E2%80%94saraki

The funny thing is that owners of companies like erosco and innoson are from same region as the main atagonists of the tight FX rules.

We don't like ourselves in this country, we only use ethnic bias for our personal gains and not even to advance our regions.

Reference:
Oga stop this thing you are talking. If you go to market and they tell you there is an Innoson sedan officially sold for 1 million under lock and key due to scarcity and the same model goes for 2 million, won't you cry out especially when some of your fellow competing taxi drivers are getting it for 1 million.

It is only free market that makes for competition that increases productivity and drives down prices. No one will invest and those inside will opt out if this skewed monetary regime is maintained.

Na grammar u de talk, Innoson would only spur more similar companies to spring up. Nigerians like to emulate successful companies by starting their own so keep your excuse to yourself.

asha80:
why the fuccck should we import palm oil when adapalm in ohaji as big as it is is lying largely fallow? That is what Goke7 is trying to tell you..we should use our brain and force these huge raw materials lying fallow to to feed these industries..how you wondered what if adapalm ohaji and abia palms were functioning at full capacity?

Thanks a lot, if more Nigerians are thinking like this, then we are on our way to recovery.

grandstar:
How many years does it take for a palm tree to fruit?

Truth be told, if an Indonesian company was offered 100,000 jectares of free land, it only can meet the shortfall.

But it does very little for the country.

Nigeria's problem is exports and not imports

So what is the big deal in exports?

grandstar:
People who Import these products are not mad. They make massive profits and also create lots of jobs.

Also, such restrictions have failed over the years to industrialise the country. It hss instead encouraged smuggling. And when manufactured here, they csn not meet markrt demand snd may have s monopoly. Dangote was fleecing Nigerians for uears.

Your excuse does not hold water cos no country develop that way. If those importers are wise, they would have used the massive profits over the years to develop and invest into building industries for production here in Nigeria. Do you think dangote was stupid in building and investing into refinery? He knew Christmas will not be forever, also another importer of petroleum products are about to start building another refinery in Lagos. Those import palm oil should go and use their profits over time to build industries for palm oil produce in the east.

Its a big lie that we cannot meet our local demand in Nigeria by building industries.

Its a big fat lie.

grandstar:
It is easier said than done.

One of the product is pslm oil. The country needs 2m tons but only produces 1m tons. The balsnce is Imported.

Do you think Nigeria can make up the shortfall in a month? How long does it take for a palm tree to fruit?

We can make up the short fall if we are serious, laziness is our problem due to our politicians especially state governors who spoil us by throwing money for us on the street. If the south east governors can push a little, our palm oil demand can be met by two or three States from the south east

Eluwilussit:
Those of us who were there in the 80s, knew that Buhari will still go back to his archaic economics. We warned people but all the small small boys on NL were shouting change. Buhari is very tribalistic. He targeted the South by banning those items in the 80s. He is doing it again. Meanwhile, na northerners dey do black market for dollar. So na them dey benefit. Buhari is biased and vindictive.

This is the time to pump cash/dollar into our economy. That will stimulate it. It will create activities.

Stop playing the ethnic card here, Innoson is getting more demand for their cars as we speak, shebi their chairman na Hausa man abi? What a shame

Marpol:
The Central Bank of Nigeria (CBN) recently issue a directive stopping some imported goods and services from the list of items valid for forex in the Nigerian Foreign Exchange Markets. This policy implies is that, those who import these items can no longer buy foreign currency from the official window to pay the overseas suppliers. Rather, they will have to source forex from the parallel market or Bureau De Change to pay for their imports.

The items include the following:

Rice
Cement
Margarine
Palm kernel/Palm oil products/vegetables oils
Meat and processed meat products
Vegetables and processed vegetable products
Poultry chicken, eggs, turkey
Private airplanes/jets
Indian incense
Tinned fish in sauce(Geisha)/sardines
Cold rolled steel sheets
Galvanized steel sheets
Roofing sheets
Wheelbarrows
Head pans
Metal boxes and containers
Enamelware
Steel drums
Steel pipes
Wire rods(deformed and not deformed)
Iron rods and reinforcing bard
Wire mesh
Steel nails
Security and razor wine
Wood particle boards and panels
Wood Fibre Boards and Panels
Plywood boards and panels
Wooden doors
Toothpicks
Glass and Glassware
Kitchen utensils
Tableware
Tiles-vitrified and ceramic
Textiles
Woven fabrics
Clothes
Plastic and rubber products, polypropylene granules , cellophane wrappers
Soap and cosmetics
Tomatoes/tomato pastes
Eurobond/foreign currency bond/ share purchases

There are companies in Nigeria that produce many of these items, truly some fellows do not wish our country well, what a pity

Saifullah01:
MAN should realise that PMB is trying to optimise the utility of our current reserves subject to a constraint of falling oil prices and unlimited 'raw materials' to be put on that list. So my advice is this:


As unauthodox as it may seem this is a time for Nigeria to boost its local industries. This is like a protectionist regime imposed by the government for local manufacturing to take advantage of by governments refusial to devalue.

I was in kaduna yesterday and met with one of sokoto state government officials, he told me he was coming back from inoson motors HQ to discuss the possibility of supplying 800 sedans to the state government (and am very sure other states are looking towards that direction too).
My fear is does inoson motors have the capacity to service this sudden interest in their motors. So rather than MAN complain on government FX policies they should encourage their members to seize the opportunity. I expect inoson motors to drag CBN top officials to their plant - just like dangote did to his refinery - and secure commitment from the CBN to prioritise them if they choose to request FX for expansion of operations.

I read an article once in the Harvard business review about international businesses in China, the author was complaining about how it takes more than 6 months to obtain a 1 year business permit in China! (You think that was just because of bureaucracy? ). That was their government delibrately protecting local companies from foreign competitors. Little wonder Chinese companies are number 1 in all sector of their economy.

And those that feel devaluation provides some sort of silver bullet, if we devalue then what?

Devaluation is meant to reduce the pressure on governments scarce dollar reserves by freeing it up for "other purposes". But by banning non essential items (call controlled devaluation) government has effectively freed up FX for essential purpose or "other purposes" like importation of raw materials and spare parts for local manufacturing. So let's not get it twisted, devaluation of the naira won't bring down the price the perfume (Montale - black auod) I coughed out 39k naira to buy online to 19k naira.

The same Innoson is from the region that hates the present FG with passion, they will never see the positive side to the present situation we are in. By the time Government bow to the sentimental pressure of flooding the country with FX and all state govt and others go back to start patronising Toyota and co. They will be back here to say that FG is killing local industries.

This is the time for Nigerians to look inward and become innovative, how long shall we continue to rely on foreign goods? Why the hypocrisy. The tight FX rules is beginning to favour many local industries, can't we see, don't we want nnewi and aba to become heavyweight industrial hub to even out all round national development.

Nigerians think, let's stop blackmailing ourselves. The Western nations and Asia are becoming jittery. Let's not play into their hands.

TonyeBarcanista:
FFK's salvo on Sheriff remains his personal opinion and does not represent fact. In all honestly, his argument are bereft of logic and defies every atom of common sense.

No one is window-dressing Sheriff, this is about putting the record straight. Inshallah, we won't rest till Nigerians know the position and character of the man Sheriff.

PS: FFK and co are only bittered that their group lost woefully.

ffk is speaking the mind of millions of Nigerians especially from your region and the se who still sees the APC as an Islamic party and you are wishing that opinion away? The major reason folks from your region and the se hates PMB is the same reason they are opposing the new sheriff. PDP has made the ss and se look like fools for despising PMB at the last elections with the emergence of your new pdp chairman. No amount of defence or window dressing can change that.

TonyeBarcanista:
I think HYppo comes handy. Lol...


On a serious note, we have to be fair with people. I know as APC loyalist you aren't expected to "hail" his emergence. However, those so-called GEJ's ex-Aides must be told that the party isn't their personal property.

Has the party also become the personal property of Fayose and the other governors who anointed the new sheriff?

The supreme court judgments in favour of pdp brought some new lease of life into the party, when one was thinking the pdp was gradually regrouping, suddenly they brought up a new sheriff. Just as ffk said in his article, pdp is bewitched and has finally sold its birthright for pottage. I see lots of window dressing being done to reduce the damaging effects but just like someone said, its not working at all.

This is bad market for the pdp, no amount of repair can remedy the situation.

modath:
The man's cake is Iced for years, PDP won't allow that kind of long money dey idle, they need a financier since barn door don lock up & sheriff needs political relevance, his BH link is still there, dem fit exploit am.....

Fran-shitty, longest time, you always manage to draw a grin from me no matter how disagreeable or annoying you set out to be!! ... Modaft is just genius..

In summary, its so difficult to separate the yams from the PDP goats. Very difficult my dear.

francizy:
As long as a fight against boko haram remains an injustice to the north, we have no argument. By the way, never you call me a PDP supporter from now because I've lost interest. I'm now waiting for the SE and SS politicians to join Kowa then merge with APGA and Labour parties...

Now you are talking, way to go bruv, Politics should be based on strong convictions and principles. I dare all the SE and SS Politicians and their followers to think along this your thought. They have been fooled, used and dumped by the PDP using ethnic and religious hokus pokus.

francizy:
But your president was once a die hard fan and vocal supporter of boko haram.. Innit?

I see no difference between the president and Sheriff..

easy guy make una face una sheriff while others face theirs so we know who the real boko sheriff is

princeattah1:
SAS as leader of PDP a party that is trying to rebrand is a total KO for the party as they have shown to the world they are ever ready to stand on the grounds of controversy rather than distance itself from it . What was wrong with the choice of Nuhu Ribadu - obviously he doesn't have the OSUSU to spread around as everyone knows what PDP stands for - CHOP I CHOP . The Curse of the Nigerian populace has bewitched the PDP . RIP PDP .

Now this is wicked chai, even ffk quoted Galatians in the bible where Apostle Paul asked who had bewitched them!

My guy you just gave the answer

francizy:
But they are in no way different from APC you know..

The APC chairman name no be sheriff nah

seun1960:
can someone summarize all this trash for me?

una no do summary for secondary school? anyway wetin de man de talk be say, they are ready to apologise to APC and PMB for calling them boko haram sponsors

francizy:
That man should have been kicked out of PDP since. Don't know why you'd allow such a useless man head a part that is fighting hard to restore its battered image.

PDP is not concerned about image, didn't you read in the article that the new sheriff has five private jets and lots of cash to splash on the party? Now that's the koko for the PDP a.k.a. 'share the Money' e.g. dasukigate, diezanigate, oduagate e.t.c.

no be image PDP wan chop o!