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I will also advice we should try the Financial Market, there are very much profit with minimal risk involved. Nigerians have shy away from this venture thinking its very difficult. Notwithstanding, you can be involved in the market directly or indirectly. That means you can be a trader or an investor with higher returns.

The Best investment of all times is FOREX, you can either trade or invest with calculated risk.

Some brokers like http://www.rally.trade/?utm_source=introducingbroker-348636 have made it easier for us to cash on this great opportunity.

Give it a try!

I will also advice we should try the Financial Market, there are very much profit with minimal risk involved. Nigerians have shy away from this venture thinking its very difficult. Notwithstanding, you can be involved in the market directly or indirectly. That means you can be a trader or an investor with higher returns.

The Best investment of all times is FOREX, you can either trade or invest with calculated risk.

Some brokers like http://www.rally.trade/?utm_source=introducingbroker-348636 have made it easier for us to cash on this great opportunity.

Give it a try!

lastpage:


Thank you for emphasising this Sir. I strongly concur.




Sir, Permit me to respond to the bolded by asking: IN WHOSE HANDS IS IT RIGHT NOW, if we agree with your assertion that it is no longer in the Government/Buhari's hands?
My position on the same question is that "It is in the hands of we Nigerians.
We can ease our buirden on ourselves or we can continue to do "all man for himself" and choke ourselves to death



Sir, l am happy that you have narrowed it down to SCARCITY OF DOLLARS, (especially with regards to products whose origin is foreign and has to be imported)
The above represents a detailed ANALYSIS of THE PROBLEM.... but what about CAUSE of the problem.... and what about the SOLUTION to the problem?

To avoid repetition, l will "summarise" what l proposed was THE CAUSE of the Problem, in my earlier post.

1.) Nigeria is a Mono-Economy: An economy which is heavily dependent on ONE SOURCE of foreign exchange (Dollar) receipt, which is Crude Oil.
2.) The above means that we have neglected other 'possible source' of forex/Dollars, over the years
3.) We are a heavily IMPORT DEPENDENT ECONOMY: This means that even if we are able to earn enough forex (by some magic), we are quickly depleting it as we buy/import almost everything from abroad
4.) The Only Product that we sell in order to receive forex (Dollars that are scarce) being crude Oil, has lost 80% of its value when the Govt took power. The implication is that Nigeria has lost 80% of whatever Dollars it used to have.
THIS IS THE FUNDAMENTAL SOURCE OF THE SCARCITY YOU ALLUDE TO.
Thus we cannot blame the Govt of Nigeria (led by Buhari) for this drop in price of Crude Oil because it is an "international phenomena" affecting many other Oil producing countries. The only difference is that countries like Quatar, Saudi Arabia, who are also in the same position as we are, have "WISELY" INVESTED their previous incomes (Forex/Dollars) in areas like Housing, Refineries, Roads, Health, Agriculture...... while our Own previous Governments LOOTED AND STOLE OUR OWN DOLLARS!
The Govts in question was not led by Buhari but by the likes of OBJ but specifically cancerous under Goodluck Jonathan!

5.) In addition to the above, despite the deep slump in Crude oil price (and our receipts), the little we export also got seriously cut due to the sabotaging efforts of fellow Nigerians from the Creeks who (rightly or wrongly, l wont go into that argument here) bombed and destroy Nigeria's oil flow stations... under Buhari's Govt. Thus, a Dollar revenue that has been down for about 80% due to global Oil price crash, also went further down because we could not meet up with our allocated export Quota! So, we the Govt was working under a sort of 15-18% Dollar/Forex receipts, for the first one year and few Months of its being in power.

This is the REASON for the Scarce Dollars you mention, that caused the price to rise as demand remains unabated, leading to the Manufacturer buying Dollar at a high price, passing it down to the distributor and trickle down to the final seller and then the "end-user of the product.

- How is the above scenario, caused by this Govt of Buhari?
- Did he crash the price of Crude Oil?
- Did he squander the forex we accumulated/reciept when the value of Oil price was high (he was not even the President then)
- Was he responsible for not investing wisely (like other countries did), the huge receipts of Dollars we had in the "good days"?
- Is he responsible for our penchant for imported products, even for goods that can be produced locally"
- Was he the one bombing and destroying oil flow stations all over the place?

The answer to these 'posers' is why l say we Nigerians are not honest with ourselves.


The second part of this discussion has to do with "goods"t that have very "low dollar input"......... yet the price keeps galloping at the same rate as the rise in Dollar exchange rate.
While it is easy to say everyone is responding to the "market forces" as Exchange rate rise forces price-rise in dollar-dependent products, the reality is that most "sellers" are just into "profit-taking", which is an act of selfishness and Greed.

For example, look at the increasing rate of House rent:
Some houses were built in the 1970's, with very low maintenance as it was built on solid ground, yet the owners have kept increasing the rent on such house at the rate of '"prevailing rising prices", citing the Dollar rate!
Question is: What is the "direct relationship" between the exchange rate and the Rent of such house.... that it should go along hand-in-hand, if not sheer exploitation of one another?.
If Dollar rate was rising at 20% monthly, why should the Rent of such house be at par with it? Why not a 10% increase say over two years?



[b]Well, most people that say the above have not provided any "alternative solution that is workable and viable" to justify their position infact, most only 'identify' the problem (which is very easy to do), fail to give an in-depth analysis of the CAUSE of the problem and hence, are unable to proffer any workable solution.
*I personally think the Govt can do more than it has done, for example, l dont like Govt banning items that people need but we are unable to produce in large enough quantity because it puts pressure on supply and as a result, price rise astronomically.
*I dont like a situation where Govt thinks throwing more money at a problem (like in the Electricity and Petroleum supply Sectors where the "Cabals" are always asking for tariff increase, since l was a small boy, claiming if given such increase, supply will stabilise!) will solve the problem.

*I think Govt should be "more aggressive" in dealing with saboteurs in those sectors.

*I think Govt should be more decisive in dealing with those who "fake/adulterate" products, those who fail to deliver on paid projects like infrastructures, reduce the fat allowance of the National Assembly members or make it a part-time job such that only a "honorarium" is paid each time there is a "House Sitting" and this should not be more than thrice in a month. That way, only serious and intelligent people will want to be "House members"..... as against now that every crook will murder their mother, just to become a Senator! [/b]

Having said that, l will score the Govt a pass mark on Agriculture, Security, diversification, nti-corruption, e.t.c though l am also aware that some of these issues take longer than one or two years to really bring out their full benefit.
Thus, l completely disagree that the Govt does not have the capacity to solve the problem or not solving it ..... l just think that we Nigerians are a very difficult lot to govern, as some of us are outright saboteurs, some are profit-takers irrespective of whether the country's moral fibre is ruined or not and problems created over a long time, dont take a year to solve!

There is no Silver-bullet to Nigeria's problem except if we INCREASE EXPORT so as to EARN more Forex ,via Agriculture, Manufacturing, Mining, while REDUCING IMPORT through local production so as to spend less of our forex reserve and shore-up the value of our own currency (Naira) but the above can only happen under two conditions
1.) Stable Power supply (2) Functioning Iron and Steel industry to power the industrial revolution that Nigeria needs.
These two things take an average of five years detailed and continuous planning, investment and development,, to show the first signs/result that one can point to.

This is where we are, this is who we are!



Lastpage!

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carpenter:


You could just search for Nigeria

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Georgemoorey:
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you have asked a very good and strong question, if you really want to know why demons never attack atheist you should read your bible very well .
have you seen where devil goes for a battle and he(the devil) choose to kill those which are not of more or deepened interest? it is a very big impossibility or have you seen devil attacking his friends who didn't oppose him or rebel against him

The big reason why devil doesn't attact atheist is because he can't get anything from them, they are birds of the same feather, which always flock together. so why they attack christians and muslims is because they arfe causing obstructions for them. remember the prayer of a little child is mostly heard by GOD and also children while they pray might playfully be calling FIRE FIRE not knowing that it is affecting the witches in the yard or environment, so the witches tend to fight back by attacting them spiritually,

so like get this into our heads that the devil doesn't go for cheap things (atheist) but costly things like the children of GOD.

thanks
from IMD