₦airaland Forum

GeneralDae:
I agree with the bolded but then again the only way they would have done that to make meaningful impacts would be:

1) Sack workers ( a huge chunk of the budget are salaries)

2) Reduce capital projects (this is what Milei did alongside 1 above)

3) Default and turn to IMF programmes of austerity and join the likes of Ghana, Ethiopia and Zambia as one of those who defaulted on their debts recently in Africa.

I am quite sure they would have faced severe criticism as well if they had implemented any of these 3 or all of them like Milei.

No easy way.

KarlTom:
Make una leave our OandO alone o

Stray bullet just dey hit am left right centre

GeeKudi:
Now I see where you are coming from. You may have to forgive them on behalf of Jonathan because, apparently, Jonathan himself has moved on from that derogation of his personality .

Away from the grudge on behalf of GEJ. Personally, I do not believe that a country monumentally bedeviled by infrastrutuctural deficit and constantly on the brink of economic depression should 'cut expenditure drastically'. Our national budget is still very small compared to our population. Cutting it in order to reduce budget deficit will be the lazy way out and will only continue to limit our growth.
Contrary to citizens' perception, Nigeria is a very poor country revenue wise. So, YES, Nigeria need to be very aggresive in driving revenue generation to be able to cater for our ballooned population. But What I also believe is that every kobo must be traceable, what you call fiscal discipline and accountability.

On the issue of corruption/looting, I would like to ask, who is actually corrupt in Nigeria? I started following public discourse in Nigeria since my junior class days in secondary school. It has always been our national chorus that Nigeria is corrupt and there is corruption in Nigeria. Presidents upon presidents always admit this. Legislators have it on their main agenda to curb corruption. Pastors preach about it. Banks have corruption codes for their employees. Teachers, lecturers, street fighters (Lol), drivers, market traders, NSEMPA forum members all agree that there is corruption. But no one is ever admitting to be the corrupt one. Is it just a matter of perception or we find it convenient to complain when we don't benefit from it?

GeeKudi:
You call the liberalization of the FX market an economic mishap? That's what you reacted to initially, right?
Maybe you should just let us in to your school of economy. I mean, enlighten us on what you consider an alternative policy? Borrow money to defend the naira? That was essentially what was being done.

That's why I said you probably belong to Sowore's school of governance, which is basically to criticize everything by all means and at all times even if your alternatives can only be described as ridiculous. For instance, Omoyele would pay N1m as minimun wage

crownprince2017:
In short, everybody na marketer like this including oando merchant wey don run go exile.

Make all of una no Sha pour sound inside my garri, my ileya ram big pass that loco Xmas ram oooo..


Zichis ma gbera pada..

GeeKudi:
Mike has a personal grudge against these people. Apparently he scouts this thread very religiously for any opportunity to aggresively express his resentment. Bro, na till 2031 like this oo. How e go be nah .
Just joking. But, you should take it easy. Abi, you be Sowore's disciple ni?

emmanuelewumi:
There is a limit to how long you can defend what is not defendable

It will come crashing at the appointed time

emmanuelewumi:
The people recruited to defend the share price just like the way Emefiele defended the Naira will need to restrategize and pay more influencers.

I am surprised that insiders are not clearing the offers

megawealth01:
JAMB’s approved cut-off marks of 150 for universities and 100 for polytechnics...

Jamb should list on the Nigeria stock market

Pesuzok:
He was claiming pro in the market and didn't sell when the price got to 30, only to sell at 10% profit now.

Access that will still get to 30 in no time

Pesuzok:
When did you buy access for 23? That was before the release of their result, meaning you didn't sell when it got to 30.

megawealth01:
I'm trapped too

Wale hold me for blokotus

Kanwulia:
Look who is talking?😆😆😆😆
The father of NIGERIAN RIGOCRACY!
Enabled Dangote to kill Ibeto cement and failed to decentralize Nigerian ports.
Useless Old Pakut!🙄

huptin:
Exactly my thoughts...Tinubu's economic management team did a great job...but his knack for irresponsible spending, reckless expansion of public spending at the expense of Fiscal discipline has made nonsense of the work done by the economic team.

megawealth01:
Is Honeypot in this market?

Agbalowomeri:
Hmmmm

Obaofaba:
Iran is the only antidote to all this Israeli madness.

Why going for the symptoms when the cause is at your finger tips if you have the cure?

Iran dealing with them but they are killing unarmed civilians in the Lebanon.

Bunch of Israeli terrorists

EDUECO:
I exited ACCESSCORP yesterday after buying around ₦23 .

I made a minimun of 10% on my funds from the above operation.

Every problem is an opportunity to make money.

Misterone:
Oseni is too dumb! If the South Africans can play dirty, why can't we? We don't have South Africans we can repatriate but they have companies here. They make money from Nigeria. Nigerians go to South Africa and make money too. If they can kill Nigerians, we can kill their companies.

megawealth01:
ELLAH, OANDO and Access time go come but many would have sold off

Agbalowomeri:
If na me sef na $300B I go value am
Una go pay for my sleepless nights and my grey hair

Agbalowomeri:
If na me sef na $300B I go value am
Una go pay for my sleepless nights and my grey hair

Agbalowomeri:
Enle fa

Oasisblue:
Be consoled you dont have funds tied down in TOE TransPower.

9free:
Wale suppose cover his face in shame oohh.
Ordinary Zichis of yesterday fa

9free:
Wale suppose cover his face in shame oohh.
Ordinary Zichis of yesterday fa

Seunn11:
On OANDO.
Imagine Otedola being the CEO of OANDO.
By now, it will be trading at 4500 naira .

Man pass man.

Agbalowomeri:
You need to scrutinize how and why you end up big with questionable managers
Oando dey deal with you on the right
ACCESS dey show you shege on the left

KarlTom:
This your perspective cracked me up

KarlTom:
ARADEL +₦129.50

SonofElElyonRet:
Mercy you don come with your wahala. I said I hope.. time will tell

zendi:
Nigeria has many bush people talking policies in high places.
Nations do have political/diplomatic problems but still relate at economic levels.

Dangote Cement operates in 10 African countries, UBA in 20, Access in 16. If we start confiscating foreign companies because of temporary problems in relations, who will suffer it most?