RepoMan007:
@bold part, the mindless printing of money ought to have been tied to real output that can translate goods.

Instead of handing idle or barely working civil servants salary from such money, they should have worked with manufacturers of food. Give them 20-30% of the printed cash and tell them there is a guaranteed buyer waiting for 3 times their average output at harvest price of last year. That will make them work harder than ever before and deliver a record breaking harvest that can be sold to earn forex, used to settle civil servants or used to buffer the market via national strategic grain reserve. InsteAd they handed the governors who went straight to the forex market. The last place any sane economics want to take printed cash to.

The sensible thing to do at this moment is import of food to curb short term hunger and aggressive production drive to boost GDP in medium and long term. Dry season farming is good but not enough.

Scholace:
igbos are more into business than every other tribes. The current hardship is mostly hit by the north and west

koondog:


I know you are hungry, E bin pawa ooo! Stop forming and open up.

AreaFada2:

But we already import a lot of food. Imagine all the rice. Do we drain foreign reserve to further import? We will lose more credit worthiness and put the Naira under more pressure.

It would seem doing anything in 9ja is fraught with serious problems: bureaucracy, red tape, corruption, lazy and incompetent officials. The climate is unconducive for investment.

People like me have invested in agric before during GEJ govt. Herdsmen and bandits later came in the past few years and have driven workers away workers and farms burnt down. Insecurity is a BIG issue.

We need a pan-African approach to tackling hunger. Then a regional currency that one country cannot just devalue anyhow. It has downsides as individual countries cannot react to economic changes quickly, but policies tend to be more sound when multi-national. No need for forex to import food from Gambia or Senegal or Niger anymore.

If not for corruption, Taraba, Kwara, Oyo, Niger and other states with massive agric land could lease land to other states to farm and sell to people in their states, fill up state silos/stores to control food prices. Rice, corn, beans and others can be harvested in a few months.

By the way, doesn't FG have food stores for strategic food security?

Primusinterpares:
this is not good at all. Can these people actually fix these things

RepoMan007:
@bold part, the mindless printing of money ought to have been tied to real output that can translate goods.

Instead of handing idle or barely working civil servants salary from such money, they should have worked with manufacturers of food. Give themational strategic grain reserve. InsteAd they handed the governors who went straight to the forex market. The last place any sane economics want to take printed cash to.

The sensible thing to do at this moment is import of food to curb short term hunger and aggressive production drive to boost GDP in medium and long term. Dry season farming is good but not enough.

Gerrard59:


No mention of the destructive activities of Fulani herdsmen who are have slaughtered people across the country and their farmlands.

You people are not ready to tell the truth. I won't be surprised you campaigned and voted for Buhari in 2015. It is so glaring.

Jamesclooney:
Liz Truss resigned in the UK for less than this. She tanked the British Pound against the USD by less than 10% and was forced out in less than 2 months. Emilokan has changed pounds black market from 700 to 2000 in less than one year and yet no calls for resignation.

RepoMan007:
it takes a PVC to cast a vote.

Keep fishing.

Gerrard59:


Good!

Then, you lots deserve Tinubu. Una go sweat tire!

nairalandkachy1:


https://nairametrics.com/2024/02/16/official-exchange-rate-closes-week-at-n1537-96-1-amidst-surging-inflation-and-forex-decline/?fbclid=IwAR2hF-4eO30cEJh-mYWe_XoHKOpSuH0WIluLKUCDg2s1IE000Mgwnw4oTxQ

Drone95:
oh no, God won't let it get to that

hustla:


Who is una and cooperate with what exactly?

Cromagnon:

Una is Nigerians
Cooperate with policies that will move us forward?

It's like this debate is beyond your mental capabilities fa

hustla:



Na you no get any brain matter left

Tell me a single Nigerian policy that has made sense in the last 5 years. Just one that has achieved any meaningful thing

Cromagnon:
removal of subsidies
GSM licensing
Bank privatisation
School privatisation
Airlines privatisation

Notice a pattern

hustla:


You just dey put words together dey talk nonsense

Cromagnon:
just say you're not mentally equipped for this convo
So you Eben know what a policy looks like or the consequences

hustla:


You just dey put words together dey talk nonsense

Cromagnon:
you can't see patterns dey think and reason nonesense

hustla:



Na you no get any brain matter

Tell me a single Nigerian policy that has made sense in the last 5 years. Just one that has achieved any meaningful thing

hustla:


You lack wisdom