₦airaland Forum

PureFace1:
You are the one that don't know what you are saying.

Export isn't limited to manufacture goods, it can be services, mineral resources like crude oil or tourism, anything that generate forex for the country.

That export amount you posted is even too small for the whole Arab Emirates, consisting of all the Arab countries.

Do you know how much Saudi and co import?

That export theory is not very valid…

Even Mozambic and Botswana import more than us..

Egypt and co import more than us..

Nigeria is trying when it comes to manufacturing…. Na only tech and machines we don’t manufacture..

Our imports is even too small for a big country like Nigeria.



Our problem is mismanagement and corruption…

PureFace1:
You are the one that don't know what you are saying.

Export isn't limited to manufacture goods, it can be services, mineral resources like crude oil or tourism, anything that generate forex for the country.

You think export is only limited to manufacture of goods ? it doesn't have to be manufactured goods, it can be mineral resources like crude oil, gold etc or tourism and entertainment it can be services like engineering and constructions, do you know how much China make from contructing trains, roads, bridges etc in other countries every year ?

Do you know how much forex Saudi Arabia and Isreal generate from religious tourism every year ? that alone can compete with Nigeria revenue from crude Oil

Do you know how much forex USA make from Hollywood music and Hip hop every year? that alone can buy Nigeria several times over.

My Brother, you're teaching basic economics to laymen that think themselves some sophisticated scholars! They will never see your point of view because most of them have been programmed to think that only appointment decisions or fiscal policies drive an unproductive nation's economic fortunes upwards.

There is no two ways about it — compete or die! Black nations make up some of the most uncompetitive and unproductive nations on earth. Throw in a population of over 100 million, and the unproductivity becomes even more catastrophic!

That the successive governments of Obasanjo, Yar'Adua, Johnathan and Buhari subsidized the dollar and petrol so that it was cheap and fluctuated very little doesn't mean that the country was great then. They were just hiding the problems with makeup. Nigeria has been unproductive and poor for eons!

[quote author=PureFace1 post=126510803][/quote]Don’t believe everything you hear.. All ways question the world..

Nigeria is not even importing anything compared to our huge population..

Where is even the money to buy the imported stuffs..

Out import rate is even below normal..

In 2022, goods valued at a total of 53.61 billion U.S. dollars were imported into Nigeria. Imports generally grew from 2000 until their peak in 2014, although there was a sharp drop in 2009 due to the Great .

https://www.statista.com/statistics/383154/import-of-goods-to-nigeria/#:~:text=In%202022%2C%20goods%20valued%20at,due%20to%20the%20Great%20Recession.


Check how much other countries bigger or smaller than Nigeria import yearly.. e go shock you.. We are been deceived with the export/import theory..

LikeAking:
That export amount you posted is even too small for the whole Arab Emirates, consisting of all the Arab countries.

Do you know how much Saudi and co import?

That export theory is not very valid…

Even Mozambic and Botswana import more than us..

Egypt and co import more than us..

Nigeria is trying when it comes to manufacturing…. Na only tech and machines we don’t manufacture..

Our imports is even too small for a big country like Nigeria.



Our problem is mismanagement and corruption…

Oh my God you are so stubborn and Ignorant

It is not all Arab countries that are rich and there is no rich country in the world that import more than it export.

Is Egypt, Mozambique, Botswana rich countries although they may be fairing better than Nigeria they are not rich countries?

Look at Saudi import and Export for 2022

Kids everywhere.
Emefiele took Naira from 220 to 700/$.

Validated:
Please let us appeal to Tinubu to swallow his pride and reinstate Emefiele. Then, publicly apologised to him.

This Tinubu economic team are confused. Let us forget tribalism and pride. With this disastrous economic team, the $ will soon hit N1500. We will be complaining , and silently

They are confuse and worthlessness than used sanitary pads. Just imagine if you had N1000,000 in savings on May 2o, 2023 That amount was $2170. After 5 months of Tinubu, the same N1000,000 has now lost $1300 to become worthless at $868.

If we do not bring back Emefiele, that say N1000,000 will soon become N100.

A word is enough for the wise!

To do what?

Naira worsened under emefiele.

Nigeria can get a strong economy if we earn more..

Emefiele was just using borrowed money to buffer the naira. Even then, naira still fell drastically

LikeAking:
Don’t believe everything you hear.. All ways question the world..

Nigeria is not even importing anything compared to our huge population..

Where is even the money to buy the imported stuffs..

Out import rate is even below normal..

In 2022, goods valued at a total of 53.61 billion U.S. dollars were imported into Nigeria. Imports generally grew from 2000 until their peak in 2014, although there was a sharp drop in 2009 due to the Great .

https://www.statista.com/statistics/383154/import-of-goods-to-nigeria/#:~:text=In%202022%2C%20goods%20valued%20at,due%20to%20the%20Great%20Recession.


Check how much other countries bigger or smaller than Nigeria import yearly.. e go shock you.. We are been deceived with the export/import theory..

This is basic economy not what i heard

Every country is like a company your revenue must be higher than your production cost to be profitable, basic economy.

Nigeria export and Revenue is too small for our population and to make it worse our import surpass our export.

It is not true we can't produce anything. The problem is competing with other foreign products in the market.

Validated:
Please let us appeal to Tinubu to swallow his pride and reinstate Emefiele. Then, publicly apologised to him.

This Tinubu economic team are confused. Let us forget tribalism and pride. With this disastrous economic team, the $ will soon hit N1500. We will be complaining , and silently

They are confuse and worthlessness than used sanitary pads. Just imagine if you had N1000,000 in savings on May 2o, 2023 That amount was $2170. After 5 months of Tinubu, the same N1000,000 has now lost $1300 to become worthless at $868.

If we do not bring back Emefiele, that say N1000,000 will soon become N100.

A word is enough for the wise!

The current situation was engineered by the so called Emiefele

Hoelujohn:
I am also Yoruba like you but seems they have taken your own brain. You think say Tinubu get plan for una? Person wey main mission na to come loot.

You are not a yoruba
U fell for propagandists

PureFace1:
Oh my God you are so stubborn and Ignorant

It is not all Arab countries that are rich and there is no rich country in the world that import more than it export.

Is Egypt, Mozambique, Botswana rich countries although they may be fairing better than Nigeria they are not rich countries?

Look at Saudi import and Export for 2022

Why are u only using Saudi for example?

Use countries like Egypt, Tinisha, Algeria, Jordan, etc

You are the ignorant person.. You don’t even know how drive ya points..

Don’t compare Nigeria with Saudi..

Use brain..

Saudi is not the only Arab country.

PureFace1:
This is basic economy not what i heard

Every country is like a company your revenue must be higher than your production cost to be profitable, basic economy.

Nigeria export and Revenue is too small for our population and to make it worse our import surpass our export.

Some countries have worse imports than Nigeria, but their economy is still very solid..

All those theories are just the chains of colonialism..

Nigerian problem is bad government/ citizens and bad economics..

Our Northern African brothers even import more than us..

What we are importing is minor..

What we are earning collectively is more than what we import..

We import $56 billion dollars worth of goods yearly… May b half of it na fuel..

abhosts:
Emefiele's tenure would have ended by june next year, if he was not removed. CBN governor position is not a monarchy so i see no sense in calling for his reinstatement.

How can a Normal government use 90% of her revenue to service debts, is it normal to you?

The government is too blame..

Without regulating importation, they floated the Naira..

And many nonesense..

Stop supporting evil..

LikeAking:
Some countries have worse imports than Nigeria, but their economy is still very solid..

All those theories are just the chains of colonialism..

Nigerian problem is bad government/ citizens and bad economics..

Our Northern African brothers even import more than us..

What we are importing is minor..

What we are earning is more than what we import..

well i will agree with you on that.

but one of the major problem in this country is we are not producing enough.

PureFace1:
Oh my God you are so stubborn and Ignorant

It is not all Arab countries that are rich and there is no rich country in the world that import more than it export.

Is Egypt, Mozambique, Botswana rich countries although they may be fairing better than Nigeria they are not rich countries?

Look at Saudi import and Export for 2022

What you published in your post as marchandise are mostly oil exports..

Here is the value of Saudi Arabia non oil exports:

Saudi Arabia’s non-oil exports increase by 4.4% in October to $6.62bn: GASTAT

Just $6.62 billion..

Calm down..


Question the world..

Our problem is lots of people are hustling importation, so we are over importing what we don’t need, then add importation of fuel..

unlike them..


We are been cheated by world economies..

Validated:
Please let us appeal to Tinubu to swallow his pride and reinstate Emefiele. Then, publicly apologised to him.

This Tinubu economic team are confused. Let us forget tribalism and pride. With this disastrous economic team, the $ will soon hit N1500. We will be complaining , and silently

They are confuse and worthlessness than used sanitary pads. Just imagine if you had N1000,000 in savings on May 2o, 2023 That amount was $2170. After 5 months of Tinubu, the same N1000,000 has now lost $1300 to become worthless at $868.

If we do not bring back Emefiele, that say N1000,000 will soon become N100.

A word is enough for the wise!

Fool!

You are just feeling the ripple effect of the damags Emefiele and Bihari caused .
And you're asking them to come back .a

Nigerians don't learn

PureFace1:
well i will agree with you on that.

but one of the major problem in this country is we are not producing enough.

True..

My point is our condition is not just a reflection of our imports and exports..

The hardship is beyond that..

Their must be something else..


Them no Dey tell us..

The Naira is slumping too much, even our fellow import addict countries are not been hit this bad.

LikeAking:
What you published in your post as marchandise are mostly oil exports..

Here is the value of Saudi Arabia non oil exports:

Saudi Arabia’s non-oil exports increase by 4.4% in October to $6.62bn: GASTAT

Just $6.62 billion..

Calm down..


Question the world..

Our problem is lots of people are hustling importation, so we are over importing what we don’t need, then add importation of fuel..

unlike them..


We are been cheated by world economies..

It doesn't matter if it is oil or non oil as long as it earn them sufficient money. Export isn't limited to non - oil, it can be anything as long as it earn them forex.


Let me tell you one fact

Nigeria is not even importing enough, that import is too low for our population.

Nigerian is not importing enough and we are also not exporting enough, which means we are living in penury and abject poverty.

It is like not being able to make what you like and buy what you like.

LikeAking:
True..

My point is our condition is not just a reflection of our imports and exports..

The hardship is beyond that..

Their must be something else..


Them no Dey tell us..

The Naira is slumping too much, even our fellow import addict countries are not been hit this bad.

The Naira is falling because CBN can't supply sufficient dollars and how can Nigeria earn more dollars to stabilize the naira against dollars ? through export unless we want to reduce our demand for dollars and import goods but we can't unless we can get it locally.

LikeAking:
True..

My point is our condition is not just a reflection of our imports and exports..

The hardship is beyond that..

Their must be something else..


Them no Dey tell us..

The Naira is slumping too much, even our fellow import addict countries are not been hit this bad.

I happy say you supply enough facts. More oil on your head. Awon people yi ro pe everybody ponu ni. Na why dem think say if dem just concoct some story with embellished English like FFK, dumbo's will have no choice but to agree.

Well they are right tho, and their strategy does work, cos we have overwhelmingly higher number of dumbo's, hence, we are how and where we are.

LikeAking:
How can a Normal government use 90% of her revenue to service debts, is it normal to you?

The government is too blame..

Without regulating importation, they floated the Naira..

And many nonesense..

Stop supporting evil..

I am only stating the facts about how bad APC has damaged the Nigerian economy. I am not supporting them.

PureFace1:
The Naira is falling because CBN can't supply sufficient dollars and how can Nigeria earn more dollars to stabilize the naira against dollars ? through export unless we want to reduce our demand for dollars and import goods but we can't unless we can get it locally.

What about the billions of dollars Nigerians in diaspora remit yearly, etc?

Government must regulate the what we spend dollars on, in other to create a balance..

For eg, if CBN had $5 billion dollars to supply, then they much ensure the demand of usd in the country does not exceed $4.5 billion or $4 billion.

adebayo987:
I don't know how to describe you. Emefiele started the path that led us to this point and this current CBN policies and removing ban on forex is what will revamp the economy and it may take some time but it will yield positive result.

You don't anything, Emefele had a good economy politicy, one of them was cashless policy, how can CBN manage what they are not in control but your like would never except it...

Agbado defenders... Emefiele did not throw Naira under the bus. Tinubu economic team did. One fell swoop of devaluation from N71 to N770. Now it has reached N1150 and the new team is bereft of idea.

Woo woooo soooooo! Failures.

PureFace1:
During those period there was still massive poverty in Nigeria, infrastructures were almost non existent and the existing one were all in decrepit state.

Nigerians were still very poor during the tenure of Obasanjo and Yaradua with bad infrastructures or no infrastructures at all and among the poorest nations, you just have the delusion that Nigeria was better because you bought things cheaper lol.

Every thing Nigeria is suffering from didn't start today.

Don't mind people
Always looking whom to blame
It is easier to critize if u were not the one in the field
Yardua was called baba go slow
Jonathan was called dullard
Buhari was called jubril
And now Bola is the problem
Forgetting all of these are accumulated problems engineered by all.
Blaming a newly formed governy for all of the problems is insentivity and being politically naive