Kobicove:
The fact that you founded the company does not necessarily mean that you're the most suitable to manage it when it grows to a certain level or when some conditions of operation change.

So, yes the Board of Directors can fire the owner!

Right and wrong. Depend on who owns the CONTROLLING shares!

Rugaria:
Fear fear pipuu...

For your Bia-anus mouth?

nelsonoba:


You're just an idiot! If you don't want to serve God, get out of the way for people who want to do so. Is anyone forcing you to be a Christian? You're just a baby Hitler in the making, but no one has told you.

STFU!

timesup234:
no hellfire. You are a mugu. Jesus is a bastard smelling Jew with dirty boxers fucccking little girls on the streets of Jerusalem

Gbam!!!!

The foolish Nigerians will not listen!

grandstar:


Nigeria used a flexible exchange system from 2007 to 2015. The greatest evidence of this was when oil prices started dropping in mid 2014,the Naira slid from 155 to 196 by May 2015 when Buhari took over. Though the price of oil halved, the Naira only lost about 20% its value.

Contrast that with Buhari's fixed peg. Despite dropping oil prices, Buhari held to the peg. What was the result? Because the CBN could not satisfy demand at 196, buyers turned to the parallel market in large numbers and very soon, a massive spread developed between the official and black market rate.

I know by January 2016,the official rate was still at 196 while the black market was 310. Is that what you want?

It is a myth that a mono product economy or an import dependent economy can't have a flexible exchange rate. It's even the best system for them.

Who told you that myth? It's not from any economic textbook worth its value. No reputable Economist will ever tell you that

Please get this fact: it's the market that ultimately determines exchange rate and not economists. You cannot fight the market and win. You will get burnt. Buhari thought it was wicked economists who fixed exchange rates and wanted to end the wickedness.

Despite his best efforts, the exchange rate has fallen from 196 to 410 today. It's even 490 at parallel which means it still has a way to go. Sanusi said that the difference between the 2 rates should never be more than 3% This about 20%.

Omohayek, 4play and blue3k are actually university trained economists on this forum and would appreciate their comments

You have not made any critical point here about how Buhari ruined the economy! You are merely speculating on whether one approach (flexible x) is better than the other (fixed peg).
In 2014/15 the Nigerian people & government were hyper sensitive to the exchange rate and a new Buhari government chose the fixed rate purely for political reasons ( I.e. to defend the Naira and stop it from sliding into a toilet paper within a few months). Unfortunately 200 Buharis cannot stop the currency of Nigeria (an unproductive, highly populated, totally import dependent poor country) from weakening. The Buhari government tried to avoid the political storm that would follow a rapid Naira depreciation hence they opted for the fixed rate to slow things down in the hope that oil price could recover before Naira hits the floor.
As long as Nigeria remains unproductive and it’s people continue with their mad desire for imported goods, Naira will forever remain a weak and worthless currency. Regardless of who is in power!

The people of Nigeria need a lot of reorientation. The alternative is to remain poor forever. And surely we should enforce a 2 children per family population control laws.

grandstar:


Yes, the Goodluck Jonathan years were aided with the high price of oil.

Nevertheless, if the policies that Buhari implemented upon his assumption in office, the awful weak economy we have today would have been the result back then

Since GEJ's term was aided with the price of crude oil, that's why argued if Buhari held on to the policies he met, growth will still hover between 4-5%. For the economy to do better, there will be need for structural reforms.

You're wrong to state the economy has very few options. It has too much options open to it.

First thing is to make the Naira flexible i.e go back to the forex system used before Buhari messed it up. This will easily add restore a lot of sanity to the economy. It will lead to an increase in economic growth to between 3.5%-5%.

The government will need to cut company taxes to 15% tops. This will not only increase foreign investment but local investment as well. Also, it will lead to a rise in stocks prices in the stock market. All these will boost business confidence

Also, lower taxes have been proven to improve revenues as people are more readily willing to pay taxes if they are low. Your tax rate is useless if people aren't paying like in Nigeria.

Next is to bring down double digit lending rates. This is the biggest problem holding back the economy. The high cost of borrowing is why business prefer to invest in sectors with high returns such trading. The real sector is worst hit such as real estate, manufacturing and agriculture. Dangote pondered how do you grow the agricultural sector with a borrowing rate of 20%?

To achieve low cost credit, government must end the Naira substitution policies which is the prime reason there's always excess money in the system which is highly inflationary and which compels the CBN to use high cost bonds to mop it up the excess. Since commercial lending needs to be above both bond and inflation rate, there's no option but to lend at very costly rate.

If business and individuals can borrow at less than 10%,there will be an investment boom which will definitely boost the economy.

Nigeria case isn't as bad as you paint it. China, with a billion people was desperately poor when reforms started in 1978. For the next 30 years plus, the economy grew at 9% on average. Today's its economy is 40 times the size it was in 1978.

India, with about a 1bn people started reforms in 1990 and this led to economic growth rates of 8%+ average for the next 20 years.

The right economic policies can make the economy purr again.

Ibedun

So, what were the economic policies China and India implemented that Nigeria has failed or refused to put in place? You need to be specific..........
If there are such policies then why have our leaders failed to do it!
Or do you just believe (as many foolish Nigerians do) that the current Nigerian president hates his people and desires to punish Nigerians and maim them with poverty?
You need to ask the question, why are these wonderful policies not implemented?
I am Confidently telling you that the FG’s options are very very few indeed.
You mentioned earlier about flexible Naira exchange rate and I LAUGHED at your inexperienced naivety.

Flexible exchange rate at a time when oil price was collapsing rapidly and we are recklessly import dependent! The Naira will be slaughtered and turned into toilet paper in less than 3 months!
O’l boy! you are throwing economics THEORIES around without checking their PRACTICAL application in the REAL WORLD!

Racoon:
I know RCCG members also contribute to this mystery Nigeria is suffering today.My bossom friend being a member was strangely equivocal in 2015 that Buhari will change Nigeria for good but where is the country today?

Foolish thinking!!! How can intelligent functional people expect one individual to change a country? You are all mad!! This is why you are all waiting for Jesus instead of taking responsibility.
The only people who can change Nigeria are Nigerians people only. Anything else na WASH!

grandstar:


There was fairly good economic growth during those years despite the huge corruption going on. Between 1999 - 2013, economic growth averaged 6% yearly.

If Buhari simply maintained those policies he met, the country's economic growth rate would hover between 4-5% yearly. Through out Buhari's tenure, it has not hit 2% in any year. Why?

It is down to his forex control policies.

Let me explain. Imagine $1bn was flowing I to the economy every month and the exchange rate is N200 to a dollar. Then oil prices crashes and only $500m is now coming in monthly, will the exchange rate remain the same or you'll pay more for dollars?

Buhari said it must remain the same. The docile CBN governor refuses to tell off the president. Lamido Sanusi bluntly told the president that this policy hasn't worked in any country in the world. Buhari no dey hear word.

There was no organic economic growth during GEJ years. Nigeria was just fortunately at the receiving end of a global oil price boom - simple! Just pure luck and that’s why we have been in trouble since the same oil price collapsed.
The FG has very few options when it comes to the economy, the country is economically very weak so our economic policies cannot withstand external pressures. We have 200m people who produce NOTHING!!! I mean absolutely NOTHING!!!
We import almost everything we consume. Invariably we are going to remain poor and live in economic hardship forever. I pity the coming generation.......we should STOP having children because we are only bringing them to the world to suffer!
We are unproductive, and financially reckless and stupid.
200m unproductive people is a serious baggage.

jaxxy:


It starts by awareness and reorientation. Even a street dog can relearn the proper way to act.

“Most” of Our leaders are very wicked, u behave like a tout or a lowlife instead of them to correct u and show ur real value by teaching and treating u better they take advantage of ur deficiencies and treat u like a tout, lowlife and even a dog. Hence these Nigerians who don’t know their true value continue to behave like touts, lowlives and dogs. They keep u that way so they can use u for their despicable activities and agendas.

Many Nigerians don’t know their value. They have been abused and oppressed for as long as they can remember. Don’t despise Nigerians, despise our leaders. All of them.

The people we refer to as “leaders” in Nigeria are not up to 25,000 in number. That’s less than 1/10000th.........and we are sitting around blaming “leaders”!

Beancounter93:


The Chinese and Russians may agree sometimes, but they are not that close...(and have even had disputes over their border in the past)

Also, China , while more advanced than they were 50 years ago are not necessarily up to the US level, especially in military tech. (eg they developed a stealth jet a few years ago, something that the US has had since the 1980's, if not earlier)Their space tech is at the level of the US and former USSR was in the 1970's...

Source? CNN?

jaxxy:


Every country on the planet has had problems and some even more serious than Nigeria’s own. We have just refused to do the right things. Some think it’s a quick fix by dividing, some restructuring, some 1963 constitution. I think whichever we choose we must strengthen our systems to work for themselves 90% independently and not with the influence and interruption of people whether of influence or power or what have u bt rather the Systems work by the instructions of the constitution.

You think the above is possible in a country full of people with questionable value, people full of superstitious beliefs and lacking in self and collective discipline? People who can’t engage in critical thinking?
I really don’t think so. Our poverty and condition is not a surprise! We are truly terrible, just look at the reproduction birth rate of people with zero resources?

grandstar:
Though I was barely a teenager in those days, I still remember newspapers dating to 1982.

In my first secondary school in 1983,i remember my mum everyday while going to work, ordering from the vendor "Times, Punch, Sketch, Tribune and Concord" and handing the vendor a one naira note. Each paper cost 20 kobo then.

Fast forward 1990 and a relative comes to Nigeria from the US and stays in my father's house. He complains Daily Times is now 2 Naira that when he was leaving, in 1984,it was 20k.

The biggest problem the country has faced in the last 40 years has been the wasted years of shagari, babangida and Abacha and it now includes Buhari's rule. Buhari ineptitude is a thorn to APC's flesh as many call him the "ill. ." word behind his back but need his massive and undeserved goodwill to win elections.

What about GEJ years? Abi something is wrong with your thinking faculty? Biased dimwit.

bigpicture001:


Lawyers for the plaintiff for any case is just an adjudicator.....he doesnt say his mind..he finds facts and proves to help drive home his clients points

Una no gather!

bigpicture001:
Did anyone notice the names of both the judges and those who brought the cases...? All igbos.....

Igbos have always been known to fight for justice and never look anyone in the face to make it happen...thats exactly y yorubas hate them.....anyone still remember the name of the barrister who sued buhari over non issuance of certificate..?

Idiot! What about the lawyers for the plaintiff?

post=102372053:
We will keep saying this : These kids below are the ones that need wardrobe allowance, or anything increament in their lives.
And vehicles that will be taking them to and from school.
Not our senators or any , retired, sitting, standing or crawling politicians .

Majority of our Senators since '99 have been total disgrace,
When it comes to spending money that comes to themselves and their associate, there would be an upward review and it would be implemented as quickly as possible.
However, when it comes to what would benefit the common man for example minimum wage, they would take forever to review it.


The worst thing is, if the same marginalized average Nigerian gets to power, he/she wouldn’t do any better than those currently there.
Cc : KM

Again,
These kids below are the ones that need wardrobe allowance, or anything increament in their lives.
And vehicles that will be taking them to and from school.
Not our senators or any , retired, sitting, standing or crawling politicians .

Those kids should never have been born! Having numerous kids that we cannot cater for is child abuse and extremely detrimental to development and cohesion.

bepositive11:


There's something called keeping a low profile

Low profile? With millions in several accounts, pocket full of cash, cash in every corner of the house?
You haven’t seen money my friend. Money has no other purpose than to spend it.

LZAA:

Werey yamlegged fellow LZAA, where is Imhotep?

zombieHUNTER:


Don't back track... Go tell Abokki Buhari to stop overpopulation...

Zoo

zombieHUNTER:


Bloody black forehead....
A country can only be built with sound and sane minds... Not things that will queue under hot sun to vote for Buhari...

You can go ahead and tell cows to stop marrying under age girls and four wives... And see how they won't lynch you for fighting Islam...

Spits

Go and get a visa na..........shebi Oyinbo want you all in their country.....

bepositive11:


You will understand when you get enough money

Shut up you don’t have any money. Your family and relatives and friends will cause you a lot of stress......

zombieHUNTER:


Get the fvck outta the shithole when you can..

A country that will vote massively for Buhari if there's a third term...

Dear Ighalo ... Don't bring here back here... Buhari bandits will kidnap her ...
Buhari cannot declare war on the bandits and herdsmen... But is quick to threaten a whole tribe with civil war chants ...

Spits on the useless country...
This country is cursed...
A curse to all black nations

Ride on Ighalo...

Another idiot!!!! You think those people are waiting to receive your black stupid ass with open arms? The ONLY remedy is to build our own country too. It is not easy to be treated like an outsider, a 4th class citizen and or to be reminded that you go back to your own country. It is not easy as a grown man - it is seriously humiliating.

You are seeing the nice environment only, when you see the other side you will think differently.

Tell Nigerians to STOP having children anyhow without resources! The impact is worse than corruption.

ValCon888:
Congratulations for taking your mother out of this shit hole.
Every hustler's ambition is to get their families the fúck outta here.
No bring her back o! If not dem go kidnap her from airport.

Ode! STFU!

You think it’s easy to be a 4th class citizen abroad? Mumu! Our only objective is to build our country. Running abroad is NOT a solution because you are an outsider, a beggar, a refugee, and a black person. You will experience painful humiliation!
And you will never belong!!!!

Paxxcarl:
Assets scattered everywhere

Assets scattered everywhere?
Ode! Assets scattered everywhere means no peace of mind, Ode!

BigSarah:
When he has the woman of his dreams..
Without a woman a man is incomplete, women complete men.
#UnpopularOpinion
Women are successful when, they make decisions without depending or seeking the approval of a man!

Understand deeply.

You nor well, arindin!

bepositive11:


Having enough money gives you peace of mind

Ha ha ha. Ignorance!

Agoziewin:
A man without money can never, if it's not impossible for him to see a true love.
Men are well loved when they make money. Jee chuba ego. When u get it, that's when the society pen u down as a successful man

Poor country mentality!

Who told you money brings true love? When the closest people to you will be quarrelling with you and wife turn you into ATM! Even if you are sick and dying she’ll be there stressing you for money.

Paxxcarl:
Assets scattered everywhere

No peace of mind be that. You’re a poor man obviously

omoolorire:
A man success is measure on values added to life of another man

Rubbish!!!

ecomalchemist:
When a man smells of the American dollar, Pound sterling, Chinese Yuan and Japanese yen.


That's the only language Nigerian women understand - Money.

Just have money....If money grew on trees, women would marry successful MONKEY'S.

Think I'm lying ? What is Regina Daniels doing with Ned Nwoko....is that not a father / daughter relationship ?


My brother hustle oh, e get why.

Money is the only universal language !

Thanks for coming to my TED talk.

Pure mentality of the poor! Money is not everything my friend.

GuyWise101:
Nna mehnnnnnnnnnnnnnnnnnnnn

You have no choice the zoo will be divided by nature, we have never been one.

Igbo? How is that Yoruba King igbo?

Are you ok?

CYPRIANJUNGLE:
illiteracy

Zoo

CYPRIANJUNGLE:
Now who's unemployed between me and you use Google and know the difference between taunts and taut ode go school

I am not your mate. Get lost!