₦airaland Forum

I honestly feel this is the safe argument to adopt for prophets and pastors that were once forming the almighty God but who are now helpless in the face of coronavirus. Joshua, Moses etc intervened on behalf of their people, here our pastors have crawled back into their holes. The argument now is - this pandemic is authorized by God, so we can't do anything about it. A pandemic that shut all religion places in the world!!. Time to question your faith and belief is here, I think. Common, look for a better argument, this is too cheap.

Tumbulum:
There is a procedure for cash reparation. Why go to another mans land to make wealth when you cannot take some of it back to your home ?

You can but such practice needs to be in alignment with the laws and policies of the host country!.

Tumbulum:
have you heard of cash repatriation? Apply manufactures and assembles its phone in china,sell to the rest of the world including US and repatriate the cash to the united states.

You cannot just repatriate cash from an economy. MTN tried it with Nigeria and they faced a serious backslash from Nigeria. There are laws and policies that need to be followed. You cannot tell me the US will just repatriate cash from a US-owned company based in China without following standard procedures and policies in China.

neoclassical:
It does not make economic sense even in the case of US. But remember, in economics, there are variables you have to factor in before drawing your conclusions, though some may be stochastic.
First, US has a higher Special Drawing Right (SDR) from International Monetary Organizations than a less developed nation like Nigeria and therefore can absorb external economic shocks because of its advantage in purchasing power parity. Nigeria's external reserves cannot be compared to that of US which can be used to offset balance of payment disequilibrium.

This still does not justify WHY the US is allowed (which I doubt anyway) by the whole world to print more dollars as they wish. If there is a way you can explain to someone like me, I will appreciate, even if it involves you stating a scenario.

Excuzeme:
I feel you!
America was SUPPOSED to be regulated in its printing of Dollar Notes, for the rest of the world to keep using that currency for international trade but what we have now is a careless fiat and abuse of that agreement.

If you look at the value of Dollars today, it has gone up steeply in the last two days because the Dollar as a store of wealth, is loosing value due to this arbitrary printing fo Dollars

US treasury was supposed to be backed up by Raw Gold. Whatever amount of money you have, you must back it up by Gold.
America changed that and said you can use a "devalued", low quality (in terms of Gold content) Gold Bars.
:ater they even went further and decided to start issuing "Paper Gold"!
other Countries keep their Gold in the US Gold Reserve and America issues them with "paper" Gold in return

Honestly, the only way to stop American adventurism, stop the wars and stop American belligerence and "attempt" at exceptionalsim, is to abandon the Dollar for another currency (Yuan was angling for this but it is still a long way off) or a neutral currency backed by Gold.

America stole all the Gold in iraq and Libya for a reason.

Thank you, this settles most of my concerns. Like I said, I am not an economics expert, I am an IT person but I know what US is doing is not economically acceptable. It is not only the US that has that monopoly, other advanced countries can do it and get away with it but I was wondering why they didnt choose to go in that direction. We cannot continue to stomach anything the US throws at us, they are not always right in MOST things, though as a country, I always wish them well.

Tumbulum:
in what does us depend on us depend on China? The answer is simple, its easier and cheaper to manufacture goods in china than to manufacture them in the united states. That is why many companies owned by the united States carry out their manufacturing in China eg apple phone.

My arguement is still the fact that the united states are at the fore front of technology and innovation and can therefore afford to print money without much effect on their economy.

If we print more naira notes,what will it buy ? The 500 naira yam automatically becomes 1000 naira

You are the expert, I am not. I dont want to accept your argument at face value. Break it down in such a way that anyone can digest the bolded. And regarding the dependency, what you explained still points to the fact that the US depends on China cos when those US companies manufacture in China, they still need to export it to the US which the US will have to pay for!!.

neoclassical:
Sure, these are two different scenarios. In the case of US, there was economic depression, however, investment and productivity in the real sector was not severed. The economy was running, but there was negative growth for many consecutive times i.e economic depression.
Scenario 2 , Most companies in Nigeria are closed down, government offices are closed, most retail businesses are equally closed, meaning, productivity is below equilibrium, supply is low, demand is high in relation to supply, leading to vicious circle of poverty, since household members are home together at the moment. So printing more money to chase a few available goods will render the goods worthless and increase the vicious circle of poverty , especially in the long run.

I tell you I accept your position that when more money chase a product or service, there is inflation. However, US itself is not self sufficient. Production is at an all time low in the US too, reason why Trump wants to open up the economy DESPERATELY. With 2 trillion dollars to cushion the effects of this virus in the US and over 3.5 million people (and still growing) filling for unemployment benefit within a week in the US, we can not say things are okay for the US as the US economy is heading to hit the iceberg. So, considering this scenario, can you as an academia still justifies the position of the US to print more currency and has the world agreed that the US should print more dollars whenever they have issues to bail themselves out and settle all international trades with such an "artifically-produced" dollars?

Tumbulum:
it's called productivity. Money is a reward for being productive. The world leading companies are owned by us citizens eg google, Facebook,Tesla, general motors,ford etc. This is why they can print money and get away with it. They are not dependent on other countries to buy the things they need to run their country.

But for Nigeria, what do you have ? Crude export and crude export and few manufacturing hub still dependent on foreign technology to keep running. You cannot print currency unless you want to end up like Zimbabwe.

The smoking gun is that money is a just a way to measure the value you have created. If you create zero value and you print plenty it's becomes useless.

But the US depend heavily on China which was what led to the trade war. There was clearly trade imbalance which ran into billion of dollars with the US clearly disadvantaged. I don't think no nation can be self sufficient. My question is has the whole world accepted US to print more currencies to settle their international trade simply because they own the dollars?. If you can point me to a resource to read on this, I will not mind. Thanks

neoclassical:
If truly he is an Accountant as you posited, but committed this kind of economic blunder, then his certificate is questionable. I am a trained Economist with years of teaching experience at Undergraduate and Postgraduate levels. If my student gives me this kind of advice in Class, I will be worried so to speak. As an Accountant, he ought to have factored in some macroeconomic variables that can trigger inflationary pressures both in the short run and long run, owing to low level of productivity at the moment, resulting in sharp increase in demand over supply, holding other factors constant. The penacea to this economic debacle and Quagmire is to raise productivity of household goods and break the chain of distribution - from producers directly to consumers, in order to avoid hoarding and price hike.

While I am neutral in this case, do you realise that academic knowledge alone might not suffice on the field, where the real variables are interracting. Then again, if you are a lecturer in the US and a student gives you this kind of advice, will you accept it or you will raise the same red flag?. Can you justify your position considering the 2 scenarios please?. Please note that I was not attacking your submission, I just wanted to learn genuinely.

4xplore:
Again this comes down to supply and demand. The US understand the scope n international value of their currency so there is a limit to which they can keep printing the $$$ but they have far far more leverage than the naira.

Secondly the US as a country is way more self sufficient (they have an internal economy) whereas the naira we print will still have to be exchanged for the $$$ to bring in the supplies we need from overseas.

Just because a well grounded economy decides to overprint does not mean a weak dying economy should follow suit. Overprinting will do us far more harm than good.

Nice submission, but is the world aware that US artificially print her currency to save her economy?. Can other developed nations print currency artificially too?. Is there any charter that backs this un-level playing ground up? Can we say the US has no moral ground to accuse China as currency manipulator? Is what the US is supposedly doing not worse than manipulating currency? Is this the foundation of the US being referred to as the greatest country on earth and the most prosperous country?

Just to drop this, C# and .NET framework is quite different from many programming languages. It is only Java that I can use to compare to it in term of performance as it is incredibly fast, powerful with one of the biggest libraries that you can think of. It is also backed up by the almighty Microsoft. Before, you could only host application developed by C# or VB on windows server, but that has changed now with the introduction of Kestrel - a powerful server that can be hosted on an operating system.

.NET Core is a beast and Microsoft has rolled out 3 distinct architectural design - ASP.NET MVC Core, Razor Pages and Blazor. Each of these serve different purposes and they can all be mixed together in a project to achieve your purpose. But before you take a dive into this, you need to understand System Analysis and Design. You cant code effectively if you dont understand or how to to interprete domain problem. So the class will start without any code. It will make you understand what you need to do when you are first confronted with a problem. Once you master this, trust me, you can pick up any new language today and be effective with it because you would have known what you are meant to do and just go straight into the part of the language that will enable you to do that.

To be an effective and efficient programmer requires dedication and tenacity, but it all starts with knowing how to break down a problem scenario into bit and pieces. Like I use to ask, how do u eat an elephant?...You kill and dice it into small parts. This is the approach that the world is looking at and that is why component-based development is the new shiny kid in town. Going into .Net Core is steep and you have to be ready to see it through. Someone says I can achieve anything I wish to do in .NET core with any other languages but when we are talking about enterprise application development, there are many things you need to consider. You drive a Toyota , another person drive Ferari, both will take you to your destination but I guess you can spot the difference in performance. Thats it!

If a certain student A starts to learn PHP for instance and a student B starts to learn C# and .NET Core. at the same time. Student A will start to be productive almost immediately but it will take student B more time to learn, but...i repeat..but when student B gets handle on .NET Core, he will zoom off in such a way student A can not catch up. I will demonstrate this with a lot of examples!

Are you still ready to fly? Let me know..... *Apologies for any typo, I just wrote this on the move*

Galactico4ever:
More Naira will lead to inflation which will lead to flunctuatio in prices of goods and services

Why cant we say the same of the US?

4xplore:
I have not heard such a thing as oversupply of $$$ because the $$$ is the defacto currency of the world. Inter-country trade deals n other foreign investments are settled with the $$$ so it will always be in demand irrespective of the supply. However, thesame cannot be said of the naira...

While i wont dismiss what you wrote because like I said , it's not my turf, but your submission raises more questions than it answers. Are you implying that the entire world financial institutions and regulatory bodies have accepted that the US could just print money arbitrarily to save her economy anytime there is a crisis just because the dollars is the defacto global currency. If this is acceptable, then there is no need for the US to want to industrialise the country as they can just snap their fingers and ask the central bank to print more dollars. Infact they should not be in competition with China as they can easily print more dollars. Please I will like you or any other economists here to shed more lights. Thanks for your contributions as I just want to learn something very new.

fjjc:
They should advise people to take raw or boil garlic along with hot water before bed at night to reduce the spread. This is very effective and also consistently taking hot water at least at interval of 6 hours in a day.

Please is this medically approved or WHO-approved?

I really need to know as this is not my turf. Why does the the US get away with printing more dollars to save her economy?. Do the laws of micro economic not applicable to US in this case? . Please I will need to be genuinely educated in this area.

Getting more interesting. Lets hit the 20 marks and we commence.

Hii, nice that some peeps have re-awakened this thread. Let us see if we will get some numbers in the next few days.

WebMind:
I like that MT's analogy of soup making algorithm in OOP and procedural approach.

OOP is real-world centric. It breaks things down into how they are in real world and makes life better and simpler for programmers.

If u create a blender object in OOP, u can then create a different blend() methods to handle different combination of ingredients or create on blend() methods parameters that can help differentiate how to handle different soup ingredients.

if the is blend(Duration blendtime) function, you could call that method on pepper with a blendtime higher than that of okro because okro generally needs less time to blend.

Nice if I was to implement that, I won't create different methods inside the class as the class will be unnecessarily bloated and still wont cover everything we need to blend inside the blend method. I will rather create an interface or abstract class and make the concrete class inherits it and overrides the blend method in the abstract class or implement the interface. This way your blend method can execute as you wish and you would have achieved "loose coupling" which is good for unit testing. Let's keep sharing idea. Smiles.

Deicide:
Lol OOP in python is shït if you wanna understand OOP try Java or Ada programming language, then you can come back to learning it in python which would still confuse you! Therefore my first statement up there. Good luck.

I think you are wrong. OOP is a practice and can be applied to any programming language. The implementation can be different in every programming language but the objective is still the same. What I have observed is many people focus on programming languages here. You shouldn't. When you understand WHY you are using certain architectural design, you can pick any programming language and work with it. A good programmer doesn't focus on type of programming language, they just understand the principle and any programming language will become easy to use. I laugh when I see people talking about java vs c# etc, it's unnecessary. Languages are just mere tools to implement the solution to the problems you are confronted with. Always have a simplistic view to solve problem, then you will realise programming is not as complex as you think.

Ken4agent:
U mean dey don't have anything to give?

Absolutely yes for most of them.

Ken4agent:
Cluelessness na disease ....we have a serious case at hand and people who are expected to be in their lab researching on d way forward with Coro, unfortunately decided to go on strike.

And yu say dis is not d hight cluelessness??

Suppose Doctors just decide to go on strike as well??

Smiles. Research wetin?. You don't give what you don't have.


And they say dis country will rise again?

Research wetin?. You don't give what you don't have.

Cant the FG grows ball and advertise their positions?. Already most of them are not relevant. Their students largely reflect them in practice.

When it comes to programming, always get the understanding (the why) before the implementation (the how). Tutorial most times will expose you to the implementation and most times when you are confronted with a real life task, you won't be able to successfully apply the supposedly gained knowledge. It takes a bit of research to understand the whys of any technologies. ICT is deep and steep but doable.

Let me give you a little scenario that might help you. Let us say in order to cook soup, you require 2 steps:

First Step - You grind pepper using the blender.
Second Step - You pour the pepper into the pot.

In order to write this in code, you can either go procedural way or OOP way.

For the procedural way, you can write TWO separate functions (let's call the function name - GrindPepper() ) to grind pepper and then write another function (let's call the function CookPepper() ) for cooking the pepper inside the pot. Yes the code will work as you planned.

Another way is to see everything as an Object. You can treat the blender as an object and the Pot as an Object. How? you ask me. Well by developing code for the blender and the pot. See sample code like this:

class Cooking {

public void Blender(var Items)
{
//this code contains how u intend to blend
}

public void Pot(var Items)
{
//this code contains how to cook
}

}

Now the thing is this code will achieve the same result as the code for the procedural BUT the difference is massive. For the procedural way, if you need to blend any other object, let us say okro, you will need a brand new code which you will have to rewrite to handle it. The same thing if you want to cook any other thing, let us say Rice. The code in the procedural function is tied to "grinding pepper" and "cooking pepper".

With the OOP way, the blender can blend ANYTHING (just pass the object into the method) and the pot can cook anything (just pass the item you want to cook into the pot). So the OOP make the code to be REUSABLE and FLEXIBLE.

In real life scenario, when you are confronted with a scenario, you need to know how to identify OBJECTS and how to identify METHODS and how OBJECT interracts with another OBJECT (Class Diagram). That is another scenario entirely.

I hope this gives you the head up you require in your journey into programming.

If you can answer this question. Why do we have object programming when we have function in procedural languages?. That will open a whole lot of windows to understanding the reason for object oriented programming. If you need more help, feel free to ask.

Religions are expected to be solution provider for the people - a sanctuary for the helpless. There is no better time to show the supremacy of the almighty than now but it's scary how all our so called pastors and Imam pushed the silent button. Are you thinking what I'm thinking?

Mistaicey2288:
Good. Now that's a President. Even though i am not much of his fan because of his strict and unfair immigration policies, i actually like him for the fact that he puts America first before any other thing... The economy has experienced great blossom under him and he looks out for the citizens too.

Meanwhile, a certain illiterate who parades himself as a President in the most populous black Nation in the world is more concerned about Cow's welfare than the citizens of the country which he governs. The idiot is only good at gallivanting round thw world making useless travels with taxpayers money.... The common 5k he promised to be reimbursing the jobless youths every month sef finally entered voicemail while Trump is about to start giving more than a dollars each to citizens just to help them with the Coronavirus.. What a shame!

Don't make Trump unnecessarily look like a hero. This is not the first time this was done in the US and obviously he has no choice unless he wants citizen to be miserable and US economy to tank. Already, US economy will end up in recession and 1k dollar in the US economy is not as huge as you see it when you convert to naira. Their economy is not as resilient as you think, so the govt has no choice but to be propping it up in the face of disaster.

South Africa not only closed borders against US , UK, Italy , Spain , China , France citizens, they also revoked the visas the SA embassies had issued to them. That's what I call making statement but Nigeria, all these are face-saving measures. The govt does not want to close the borders against citizens of Western nation so as not to offend their respective govt. So sad!. Giant of Africa indeed.

You are the only person that can limit yourself. The world looks for problem solver. If you can distinguish yourself in your chosen trade, the world will open up to you. Who says you have to work in Nigeria; you can be in Nigeria and be working remotely abroad, enjoying the two worlds. It all depends on the value you place on yourself.

Don't let the politicians play us. This may be part of the grand scheme to free him from the chain of the emirate to allow him contest for presidency in 2023. If he takes that route, he has my vote already cos he is very qualified for that position. This was just my position, I could be wrong.

Apart from being unnecessarily emotional and jamboree about this Amotekun, I can't see any proper framework of how this will achieve its objectives. Handling firepower to the untrained personnels who dont understand proper rules of engagement is a recipe for disaster; only in Nigeria can this happen. Our political leadership, from the presidency to councillors has failed woefully. Before you start to spew out gibberish, I am a Yoruba.

What the letter means is:

1. His dethronement was bad because it should not have happened. There was no reason to.

2. It was good because when history would be mentioning those that pay the price for truth in Nigeria, his name would always be mentioned.