₦airaland Forum

Reference:
The consultants you look for are looking for consultants to heip them. Have you heard anyone speak. Devaluation is not to make things better but to induce coma into the economy while surgery takes place. As long as the dollar remains artificially cheap viz productivity, get it from me. NO ONE WILL MAKE ANYTHING WORTHWHILE THEY CAN BUY. Production is HARD. Devaluation acclimatizes you to that hardship to enable you operate meaningfully. Japan, Germany, the US, Great Britain all went through a period of devaluation and inflation after the second world war. Mexico did so less than a decade ago. They didn't die. Buhari is kicking the can down the road and you are hailing. He is 72. Fewer years than you in this sewer. Enjoy.

The people that would be consultants know what to do. The major problem is that there is no economic team to consult. It is that simple. Sanusi, Soludo, Utomi have all made tangible contributions on the state of the economy. In a sane system, they should have direct correspondence with whoever is the head of the economic team and air their opinions. Adeosun should not be reading newspaper or watching channels to know the input of some of Nigerians sharpest economic and financial minds, especially not when we are heading for the greatest recession in the history of Nigeria.

About devaluation, I know what it is about. I am a proponent of devaluation. But after careful consideration, I can testify that it will do us more harm than good. The simple reason is that (using your analogy) you cannot induce a patient into a coma when there is no oxygen tank/anesthesia. That is the current state of the economy.

Who is going to do the operation? Tell me? We do not have a formidable economic team.
What are the surgical tools that would be used to do the operation? Tell me? We do not have a budget yet and an array of good policies already drafted.

None of those countries you mentioned had a senile, arrogant, illiterate president who has no idea about basic Economics 101 and is not willing to let those that have the knowledge do what they know best when they used the policy of devaluation.

I'm not hailing Buhari. I am only concerned about Nigerians who will inevitably take the fall if devaluation happens. This #20 for sachet water will be child's play if we devalue the Naira today. States can't pay salaries. Debt profile is unsustainable. The stability of the nation security-wise is in the balance.

If GEJ and his NOI-led economic team was still in place, I would not have this fear. After all, they devalued twice which is why it took 17 months in total and 8 months of inaction for average Nigerians to start feeling the effect of oil price that had started falling since middle of 2014 deeply. Buhari and his band of merry noisemakers are no match for the pedigree of GEJ and the NOI-led economic team, so we should treat this present crop of mistakes with kid gloves.

Let us wait for the budget to be passed. Maybe with the budget, they would finally be able to unveil practical fiscal policies. Only then will it make sense to devalue the naira. Doing so beforehand, I repeat, is suicide.

-Lord

Bevista:
Devaluation is a really tricky subject, especially when there is no real complimentary policy & strategy. Nigeria has been devaluing the Naira from less than N1/$ to the current rate of N198/$ and yet there has been no real economic benefit to the country.
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The biggest beneficiary of devaluation is government, since they control 95% of what we export (oil). Ordinary Nigerians will be the worst victims since almost every item in the country has some import component.
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I think n economic summit where there is a robust discussion on the best economic strategy for the country would be most ideal.

Nigeria does not need devaluation right now. Formulate good fiscal policies first, enforce them, then we can better modulate and weigh the benefits of devaluation. Right now, I can only see devaluation as a bad move if enforced.

We don't need an economic summit. Too many cooks spoil the broth. We need a formidable economic team set up by Buhari. Then the team will also have consultants with independent input that is ratified by the team before it is infused into a fiscal policy.

That is exactly what Canada did. That is what Saudi Arabia is currently doing. That is the strategy of World Bank/IMF.

-Lord

“If we don’t deal with the fundamentals we will queue again. It is not a matter of exchange rate. We are talking about symptoms; let’s deal with the fundamentals of a producing economy, diversifying the base of our economy which is not a light bob that you can switch on and off.

“We need to be working on critical issues, the fundamentals of our economy; right now Nigeria economy to be very fair is a lot more diversify than people realize, most of it has happened without any serious incentives, plans or anything.

“I mean we base our GDP and nollywood and co came into big play, nobody worked a strategy for that industry, just out of work fellows in television and whatever picked up their cameras and began to shoot this things, people laughed at first and it became an industry.

“How do you creative incentives for those kinds of things to become real industry? Those are the issues that are really at stake. We must continue this conversation so that the incentives that are coming will be clear to people."

PMB should make this guy a consultant. He just nailed it here.

A. Full diversification of the economy cannot happen overnight.
B. There should be good fiscal policies that would create incentives for budding industries. Right now there is none.

These are the real issues not "exchange rate" or devaluation/no devaluation. Even if we devalue the naira now, nothing will improve because there are no policies to take advantage of the decision.

I'm positive that if Buhari spends one month to assemble a formidable team, and brainstorm on a range of policies to affect budding Nigerian industries especially the buoyant agric sector, investors confidence will be piqued and the economy will stop falling. Look at the fiscal policies on local processing of rice and automotive policy by GEJ. Those are sound policies.

Buhari needs to push forward with good policies of his own. Tomatoes are wasting in the north and we are still importing tomato paste when our local tomato paste manufacturers face plenty of logistical challenges. That mini-industry needs government input. Increase import duty on tomato paste and make low interest loans available for the producers. Very soon, like with cement, we would be totally dependent on local production and start exporting tomato paste.

There are many mini-industries like that, that need Buhari's timely intervention to grow and further diversify the economy, but the dullard will prefer to travel without placing emphasis on the economy.

-Lord

Make una dey dia dey wait. No go buy gun and ammunition to protect yourselves.

The only language to use to communicate with these people is violence.

Had e been say na Delta Ijaw land these fulani people do diz rubbish na corpses with cow head them for dey show for TV.

-Lord

MrGerald:
In his recent interview granted to channels TV, he said he has 4 strategic plan for which he's ought to use and bring the forex at stable point, he said he can only make it public if the fg employ him as financial adviser, which I also concur that through his personal reasons can decide not to make it public, wait oo, you said all of una no get conscience sef" are you trying to be tribalistic?

Wetin concern me concern tribe. Emefiele is SE, Adeosun is SW. Both opposite ends of the divide.

If I wanted to be tribalistic I would be calling for Adeosun's head.

If he says his plan will only be unveiled after he is made a consultant, then he should hush it about people's jobs until he is given the platform to air his views. Especially people that are doing their best as it seems.

-Lord

MrGerald:
He's saying that they should carry out practical aspect everything should not be politics, he knows what he's saying, do you know how much CBN has been releasing to dangote and their likes in dollars which in turn caused the fall in naira and economic hardship to nigerians just because few people want to monopolize everything in this country in their bid to become the world's richest?

Is Dangote not a Nigerian? Only Dangote alone is responsible for a third of the value of the Nigerian Stock Exchange. If his businesses collapse, so does Nigeria. Or don't you know Dangote is the second largest employer of labor after the Federal Government?

You do not strengthen the weak by weakening the strong. When Dangote was investing in building cement factories in Nigeria with the profit from his imports, where was LaFarge and the others that are still importing cement? Those factories employ Nigerians, remit 30% of their profits to the Federal Government and sustain the economy. If you want to find a scapegoat it is Ifeanyi Ubah himself. Where was he when Forte oil offered to sell petrol cheaply? If he had joined, we wouldn't be having all this subsidy and scarcity bruohaha now.

The guy is an attention-seeker. He has a lot of faulty debts and knows his fortune will be greatly depleted if the naira falls more. That is why he is shouting from the roof tops. I'm not against him proffering solutions. But he should be constructive about it. Read the OP writeup again. He did not offer any solution or constructive criticism. He just asked for their resignation. Haba! Na so dem dey sack people. Nigerians and blame mentality. He conveniently shielded PMB who should take the most blame and called for the sack of Emefiele that has been sustaining all manner of attacks for following PMB's instructions and Adeosun that has not even received budget for her ministry.

You reason am na, all of una no get conscience sef!

-Lord

linearity:
lol, to add to that; passing a budget will not make things any better, because any economic activities experienced currently has been discounted for a year ahead..

If a share of Nestle is selling for e.g. N350.00, that price is influenced by the worth of Nestle in about a year from now and not base on Nestle current worth.

So, any corrective measures by this Administration will take time before they start reflecting positively...

Investors have gauge this government policies so far and have anticipated what will happen, hence they are leaving. If you are in their shoes, you will do the same...what this government is telling investors is; we want you to bring your money in, invest in our economy, pour in a lot of money, but we will make it difficult or near impossible for you to get your money out, we will restrict and may even deny your request, when you want to use part of your profit to buy raw materials abroad or do some services abroad by not giving you the Forex to do that...so the investor who changed his/her dollars to startup a business in Nigeria is stuck with pills of Naira notes that he can't rechannel into his/her business the way they want.

I am of the opinion that, the Naira should be devalued, but if PMB cannot do that, at least do not restrict and ration Forex to a few, give investors the confident that, their money is their money and they can cash out anytime they want and they wil not be restricted in mundane things like exchanging their money.

You've made valid points, and yours is the first mention of my reply that I am replying.

There are plenty of fiscal policies that can quickly turn the tides as well as many that would take time to yield results. I'm not an economist, but a policy like placing an industry like tomato paste manufacture, and palm oil export on a special intervention list will have far-reaching effect. The yield for the past year for both crops was very encouraging. Boosting both sub-sectors like GEJ did to rice would have helped many industries. By products from palm oil processing are used by several unrelated industries and would reduce the pressure on imports.

Eliminating bottlenecks in the bureaucratic processes of setting up a business should also be a prime target, so that people can easily get into business and use the low-value naira to shore up SME's and the entire business climate. I'm sure any well-versed economist can think of plenty of ways to sustain the economy to avoid a recession.

But as I said, the budget is one problem why any of these policies cannot be enforced. Buhari never knew the implications of his excessive waiting and lack of oversight on the budget. Even Nigerians do not know. Personally, I do not blame the investors. They should go and come back when Buhari develops a functional brain.

About devaluation. It is the sane thing to do. But this is the problem, with no sound fiscal policy, devaluating the naira is the death knell for the economy. Depending on the level of devaluation, we may experience anarchy in this country. To put it simply, there is no sound bedding to lay the naira on. Devaluating the naira now is like letting the naira fall in free fall to the depth of the abyss. The only people that would gain are speculators and exporters. And the potential gain, in my opinion, is not worth the loss and anguish that will bedevil the country if we take that route.

-Lord

This man should jor shut up. What does he want Emefiele to do? Does he want Emefiele to print dollar. PMB said he should not devalue the naira. He has done all he can to stabilize Naira with the CBN monetary policies.

What the Nigerian economy needs is good fiscal policy from PMB, Osinbajo and Adeosun. You can't blame Adeosun because she was appointed in November and there are indications that PMB is running a one-man show. Also, the budget has not been passed so there's nothing she can do until the budget is passed and funds are available for constitutional spending.

All the blame should go to the junketeer dullard currently praying for Allah to cure him of his docility and being clueless in Mecca. When the economy was still manageable and he could have swiftly assembled an economic team and enacted good fiscal policies to quickly turn things around, he was busy doing honeymoon by visiting countries he had never had a chance to visit all through his life and romancing with career civil servants. Now he wants his equally clueless, noisome, daft buffoons called ministers to perform magic after creating mess for them.

He should hastily come back and pack his sh*t. Na im want presidency. Let him do his work or resign and go back to daura to drink kunu.

As for Osinbajo, I don't know if I should blame him or let him be. He is jor a mere commissioner. At least when Sambo was there we know he was occupying space to pacify the North and GEJ was doing both work of President and Vice President (after all he had experience with the latter). Osinbajo is worse. A professor, SAN, minister, and erudite technocrat reduced to messenger and Minister of State of Information, assisting Lai to spread lies and propaganda.

-Lord

The clarification is good. But the problem in Nigeria is that the banks will still do as they like after those clear transactions.

That is how stamp duty that should only affect current accounts, affected salary account and savings account of some people I know. If you complain nothing will happen.

So don't be surprised when they collect VAT for extra-judicious services.

My major gripe is not the collection. It is:

A. There is zero accountability. No one knows where the money is going to. It may be in CBN today, Ministry of Finance tomorrow, and used to finance PMB's junketing the next. No questions asked, no replies given.

Their own na jor to collect on the pretext that there is no funds. If there is no fund, can't you at least tell us what it is for? Is it to finance the budget deficit, or to finance the welfare scheme, or to bail out the states, or to fund the useless trips, or to pay for Aso Rock rent?

You've not told us what you are using the stamp duty for? You've not told us what you are using the 8 naira per liter of petrol profit you are gaining for? You've not told us what you are using the recovered loot for? Now you want to collect VAT? Tomorrow, you will come with another charge without telling us what you have used the previous revenue for? And Nigerians will keep quiet. Nigerians deserve what is coming to them. When clothe don tight them finish, them go remember say dem get mouth...

-Lord

orunto27:
The CBN has failed. The Commercial Banks have failed. PMB is now going to Arabland to try Islamic Control system for Nigeria.

CBN and the commercial banks have not failed yet. What do you want them to do? Print dollars?

It is PMB that refused to assemble a formidable team in time, prepare a budget in time, and enforce good fiscal policy that would have stemmed the tide when the iron was hot. Now he has delayed for too long, prepared a corruption-personified budget that has not been passed, still have not assembled a formidable economic team (Osinbajo and Adeosun are waste of space) and you expect the economy to be good.

PMB is not ready to govern. He has never been ready. Let us wait till march first when budget is passed and see what policies will come out. For now, manage the recession. No amount of prayer will change anything.

-Lord

I'm not a South African, but I know Zuma is a mistake. That guy jor wrecked that country. That is what happens when you elect a person who has no formal education to govern the pride economy of sub-Sahara Africa. Funny enough, Nigeria just made the same mistake with Buhari. And he is following in Zuma's footstep.

Sometimes, I look at Africa and I jor shake my head. Look at Uganda. After all Idi Amin did to them, they allowed one idiot to win elections for the fifth time.

With Africa's three largest economies in crises, Nigeria, Egypt, and South Africa, the future is bleak for the continent.

-Lord

intrepidJ:
Go back and deliver this message to life : Bleep you

Alright, you're going overboard now. Take a chill pill.

-Lord

intrepidJ:
Whats Mynd44? you sure you okay? I am not letting life get to me, i do not wallow in self pity. If you read my posts you will see i am angry, not depressed. Angry. Angry at this twisted world were the bad and evil basically live a happy life while the good always have to deal with one thing or another. What kind stuupid world is this?

I'm okay. Mynd44 is the moderator of the Politics section. The guy dey make me para.

To your reply. Anger and depression have the same effect, one is just louder than the other.

If you don't sulk it up, and keep a level head the anger will eat you up.

I'm no psychologist and I can't ask you to live your life the way I do (I'm no model). What I can only tell you is that getting angry at life is a fu**ed up thing to do. The b*tch doesn't care. You are one of 7 billion people it's screwing everyday.

If you let yourself stay down, it's all on you.

-Lord

Stale news. Dollar na N330 to sell, N350 to buy.

Read this latest report https://www.naij.com/743953-naira-drops-drastically-dollar.html valid as at 4 hours ago.

I don't support devaluation sha, because Buhari is not ready yet to govern. If we devalue now, where are the policies to sustain the new rate? No where! We go jor use our hand finish ourself.

-Lord

@Yinka, stop bitching about your life. Take control of your life and never stop trying until your last breath.

Happen to life. Never let life happen to you, you'd never like what it'll do to you!

PS: Mynd44, Mynd44, Mynd44, how many times I call you so? Hmmm! You know say you don shyt for church ba?

-Lord

giantstrides:
The oil price presently favours USA , even if their shale oil industry can't get on track, they are able to stunt russia's growth due to the low price of oil. Now russia has to choose between continuing to modernize it's military or shoring up the economy which has been severely weakened by sanctions and low oil price.

Russia has moved past that stage. Russia has already updated their Economic Reform Framework, and are prepared for the recession this year and next and the slow growth for over the next couple of years.

Russia also has experience in handling such situations. However, the US shale industry is young. This is their first bubble burst. Many fields are already running in loss, and the reason why there is so much output from the US is because of the nature of the US industry where producers record more loss if they stop drilling than if they continue drilling. Read more on the Shale Oil Industry in the US.

-Lord

ifyan:
LordAdam did you think U.S.A government will sit down and watch you operating under it soil without getting involve.

Sorry bro American government are not stupid.

I'm sure they will and Saudi Arabia is an ally, so I don't see how the US government would not let such a deal come about. The energy sector in the US is bleeding, jobs are getting lost, companies are in the red, stocks are falling, loans are getting bad, and proposed investment in the sector are getting cancelled. Capitol Hill needs this cup to pass over as much as Caracas does.

-Lord

IamMissMarvel:
Looks like what Reddington will do.

After lecturing the whoring friend

Blacklist fans understand this.

Only that in Reddington's case, the police wouldn't even know the friend is dead or where he was buried for that matter.

#Blacklister #NewEpisodeTonight

-Lord

einsteine:
If OPEC cuts production, it would be to the benefit of producers like Iran and Norway and Shale Oil producers in the US as they would increase their production. Anyone who cuts production would simply lose market share. The long term price of Crude is in the $40-50 range. Nigeria, Saudi Arabia, Russia and Co should deal with it.

Everyone is dealing with it except Nigeria. We are still hoping on a big reverse. There's too much oil in this world that a $100 oil price is a distant dream for now.

-Lord

ifyan:
Wow nice. But don't you think Saudi is skeptical of US. in this matter.

One problem is that when we say the US, we are actually referring to tens or hundreds of producers. Some of them can afford to take more hit, others not so much. So it's not actually one entity or united voice, like Saudi versus Russia.

If the US shale oil producers can come under one voice and call out Saudi Arabia for a pact, I'm 80% sure Saudi Arabia will at the very least agree to sit with them for talks. Everyone is feeling the neg effects of the drop in oil price, including Saudi Arabia, and most US shale producers. If there's a good deal on the table, there's no reason why any party would want to back out. It's pure business!

-Lord

legalwealth:
Lol!
Previous experience? You can let us know what transpired between us too for clarification and explanation if I can still remember! !!

There's no need to stir up a hornet's nest. It's a while ago, we both have moved on. You still have plenty of good reviews, so it's no use to discuss it.

I only mentioned it to make a point. If one is going to leave a dissatisfying review, the least the person can do is to be detailed about it.

Then we all wait for a response from the thread owner, and everyone is well-informed to take appropriate decisions.

Leaving a sketchy neg review is wrong on all levels. You know so yourself, which is why you asked him to expatiate. Something he has again failed to do.

-Lord

ifyan:
I understand bro but making a pact with USA is skeptical this time.

OPEC should make a plan with her members and non members including resent lifted sanction Iran.

As for USA hmmmml can't say more.

I think OPEC can single-handedly change the turn of the price of oil. That's why I am keeping my hands crossed until June this year when they have a general meeting.

Most of OPEC's big sellers are Iran's political enemies, so a pact there is almost impossible. Saudi Arabia let the oil price slide this far because of the USA and the US shale oil producers are hurting bad as it seems. So, if Saudi Arabia and USA can work out a deal, I'm sure OPEC will unilaterally agree to cut output by June, which will be the much needed push to get the oil price pointing northwards.

-Lord

ewuoso2002:
I called u this afternoon asking for ur paypal exchange rate. I was told to use u to receive money from undeveloped but i had already used hisenjos paypal email address and it was late to reverse it.
All i am.saying is dt when next i want to recieve paypal funds i will be using your service and i recommend u anyday anytime. Legalwealth is d sure paypal exchange service guys, so no dulling, i carry last for this one so dont get ur fingers burnt like i did.

Can you expatiate on what transpired? I've used Hisenjos to exchange thousands of dollars and have been satisfied every time.

I'm not saying you do not have a valid complaint, but if you felt cheated and want to make a review about it, then be detailed about it. Rather than leave a vague statement to undermine his business.

Personally, I wouldn't use Legalwealth's PP exchange service even if I had a gun to my head, because of previous experience. But I've not left any neg review on his thread, because my bad experience may just be an exception.

-Lord

ifyan:
You typed OPEC to do what with USA, bro its seems you arw not following the news.

What made price of oil to crash at the international market.

Bro it Shale oil (U.S.A oil)

Read Nairausd.com often for news.

Use your brain. Saudi Arabia and Russia agreed to freeze output to January levels. What I am saying is that Saudi Arabia/OPEC, Russia and US should have an agreement to freeze output, and oil price will increase. Regardless of the output levels from Iran.

-Lord

OPEC needs to get the US on board. If OPEC, Russia, and the US are on one side, the price will rebound regardless of the output volume from Iran.

Let's all wait until June. If OPEC does not decide unanimously on a cut by then, I pity Nigeria's economy.

-Lord

This week has been the most auspicious week for the naira yet. Buhari reinstated his resolve not to devalue the naira, Ifeanyi Ubah staked N500b with a promise to make the naira appreciate from N400/$1 to $200/$1, there was a N150 gain (from N400 to N250), and there was a N100 naira depreciation (from N250 to N350). Interestingly, the week is not over yet.

But why this erratic dance? Some may be quick to blame the CBN governor Emefiele for his monetary policies. However, we should know the economic policy of a nation consists of the monetary policy (designed and enforced by the head of the nation’s central bank) and the fiscal policy (designed and enforced by the economic team of the executive arm of the federal government).

It is clear that since the start of the fall of oil price, Emefiele has enforced valid monetary policies. Under the last administration, he was permitted to devalue the Naira, first to N166, and from N166 to the current N197-N199 range. Combined with a working fiscal policy headed by the then prestigious Minster of Finance, Ngozi Iweala, Nigerians did not feel the heat of the ailing economy when crude oil fell from a high of $105 in June 2014 to $62 in May 2015 when Buhari assumed the seat.

The problem is that from May 2015 till date, there has been no working fiscal policy. From when Buhari entered the seat of governance, he had made it explicitly clear to Emefiele that there will be no devaluation. To this end, Emefiele had enforced a number of monetary policies, including very hurtful ones like preventing Naira-denominated cards from purchasing any product or service that is not denominated in naira. A number of these policies resulted in a backlash. However to be fair, there was only so much Emefiele would have done.

To design and enforce a working fiscal policy, the presidency needs an economic team and a well-articulated budget. You cannot have one without the other. Unfortunately, at the moment we do not have any. There is no magic that can be done by an economic team if there is no budget. And there is no magic that can be done by a budget if there is no economic team.

Therefore, to be accurate, Emefiele/the CBN has done its best to hang the economy in a air and have been waiting for 9 months to rest it on the cushion of an inexistent fiscal policy. The wait is still on.

Which leads to another problem, a fraudulent budget. The 2016 budget by all means is the most important Nigerian budget since 1999, because of the challenges faced by the Nigerian economy. Ideally, the President and his Ministers should ensure that it is able to assuage current challenges.

However, on December 22, 2016, President Buhari presented a budget that he did not examine to an entire legislative arm with over 400 seated officials. Even worse, after retracting the budget weeks later, he failed again to examine the same budget thoroughly, instead submitting a doctored budget where cars are called capital expenditure and where the president will pay rent for staying at the Aso Rock villa. At this rate, we should all be concerned about the deals and documents the President has been signing on behalf of Nigerians.

The immutable fact is that the fraudulent 2016 N6 trillion budget is not the budget that is needed to craft a working fiscal policy to stabilize the economy.

Even more worrying is the fact that the fate of the budget is now in the hands of a legislative arm that Nigerians all over do not have confidence in. The price of oil is still hovering in the $30 to $35 range. And to place a nail on the coffin, there is no word from the legislative arm on when to expect completion of the budget review. Which means, we continue to wait.

And while we wait, expect the naira to dance like a village masquerade. Expect the economy to waver in no certain direction.

Until President Buhari convinces himself to settle down and deliver the dividends of good leadership to Nigerians, the state of the economy will remain inconclusive.

-Lord

ChetaNwaeze:
Tompolo, an ordinary Ijaw thug who cannot construct a single sentence in english owns all these properties worth billions of naira, whereas a university graduate with a Bsc in MicroBiology is still roaming the street of Port Harcourt, looking for a non-existing job. SMH for the zoo

**** What certificate does your president have?

-Lord

opethom:
e be like say osogbo weed dey worry you, buy ONI and OBAT together? We are talking about king and not your generation ok?

Guy no carry your ignorance and inferiority complex come this matter. Do you know who the King of Morrocco is? He controls an oil-rich country, not your Obas that at most control an oil community. OBAT is a criminal that ate yams through fuel subsidy. Ooni is just a rich real estate businessman who has the right kind of blood flowing through his veins.

The King of Morocco uses approximately $1m everyday for palace expenses -- https://en.wikipedia.org/wiki/Mohammed_VI_of_Morocco. Meaning in less than one year he will use up all of OBAT's money just to take care of his palace.

Dey dia dey reason like Poor Church Rat.

-Lord

engrflames:
Don't expect anything serious from Buhari led administration, this present government is built on lies, deceit and propagandas without no economic direction. May Almighty God deliver us from their evil nest, Amen.

After putting yourself in their nest with glee, you want God to deliver you. Do you think God is stupid?

Don't think of how to help yourself, wait for your man with beards in the clouds to wave a magic wand.

Did God help Malaysia, Philippines, Singapore, Thailand, Vietnam, UAE (Dubai, Abu Dhabi, Sharjah), Qatar, Brazil, China, India, Mexico to transform them from the pits of darkness and backwardness in the 60s-80s to what the economy heavyweights that they are today?

-Lord

anigbajumo:
He has been the richest over the years.....

What is your point?

-Lord

kirchofff:
dat 1 is just like a prime minister, I mean in a county dat has a president, minus d prince of Morocco he's d richest in africa

It is very important to make that distinction.

All the top 7 richest kings in the world are in complete control of their nation's finance.

I agree with your position.

-Lord

Ebukaobi:
Igbo man and lies

Why didnt u name Obi of Onitsha as the richest in the world

I guess you have direct access to their accounts?

Don't display your stupidity.

The King of Morocco is far richer than your thief Oba.

Moreover, I am not Ibo. Why would I name Obi of Onitsha. He might be the richest in the East, but in Nigeria we know Yoruba monarchs have more money.

-Lord