₦airaland Forum

Dontbeused:
Pls also ask?? WHY Brazil has PETROBRAS?

basilo101:
Improved power supply which is a product of GEJs privatization of PHCN and heavy investment and efficiency in running the now profit driven venture is now being attributed to the archaic communist by the zombies

BaddieKay:
Ok

Dee60:
MARKET LED ECONOMICS WORKS WHERE THE STATE IS FUNCTIONAL AND NOT IN DYSFUNCTIONAL PUBLIC SECTOR LIKE OURS.

A PUBLIC SECTOR WHERE ROAD WORTHINESS IS ISSUED WITHOUT A SINGLE CHECK ON THE CAR, WHERE LOCAL GOVERNMENT ONLY EXISTS FOR COLLECTION OF LEVIES AND WHERE IT SEEMS THAT CORRUPTION IS SYNONYMOUS WITH CIVIL SERVICE.

GET THE STATE TO WORK AND THEN LAUNCH YOUR MARKET LED ECONOMICS¬

THE SO CALLED MARKET LED ECONOMICS OF THE RECENT PAST LED TO A VERY FEW BUYING PRIVATE JETS IN A PLACE WHERE THE POOR HAVE TO QUEUE FOR KEROSENE, LED TO UNPRECEDENT LEVEL OF CORRUPTION, ELECTICITY TARRIFFS SHOT THROUGH THE ROOF, WHEREAS THERE WAS HARDLY LIGHT, AND PETROL BECAME SCARCE EVEN AT A HIGHER PRICE. TRILLIONS WERE PAID OUT AS SUBSIDIES, TO PUNISH THE PROTESTING POOR.

SOME SAID THAT THE SUBSIDY ON OIL SHOULD HAVE BEEN REMOVED. IF THAT HAPENNED WE PROBABLY WILL BE PAYING N300 PER LITRE NOW, BECAUSE 'THE BOYS' WOULD STILL HAVE BEEN PAID ANYHOW.

Insanity: doing the same thing over and over again and expecting different results."

UpLoyo:
I don't know what you guys are in a hurry for, other than most of you are jobless...he's only been there for few months and you won't all stop ranting...in country of over 170 million you could only find a 72 year old retired general with integrity but you are still wailing...how many ministers have added value to your lives in the last 16yrs again?

freshcvvs:
Irrelevant..

Then he took decisions almost monotonously

But now he can't.

We have 3 arms of govt and are there to checkmate eachother.

CSTR2:
Checkmate who?
Buhari hordes like you will call it hating and wailing.
Sorry, buhari is on his own, and the PDP will be there to take full advantage.

freshcvvs:
What sense are you trying to make sir?

Republlican:
I read small.of what the op is saying but grabbed a lot can OP kindly explain why the British government have BA and BP.

Nonsense

989900:
Can the OP, or anyone for that matter, name 3 countries that are totally capitalist?

What is the major driving point behind devaluation of currency?

N750 (seven hundred and fifty naira) in 1983, would get you $1,000 (one thousand dollars).

Today, N750 would get you $3.

Tell me, what have we gained so far in devaluation?

Emmahunk:
Nigerians and English. What has the Country benefited from all the years of Privatization?
Take power for instance, despite the fact that hundreds of thousands were thrown into the labour market, power supply had even became worse until the coming of PMB.
Since you chose to talk about his antecedents, don't forget that
IF PMB SAYS HE CAN DO SOMETHING THAT BY THE GRACE OF GOD, HE SURE WILL DO IT. Abeg make una leave him alone for now

Hakagure:
Devaluation is a question of demand and supply, if you dont sell anything to other countries, you have to buy their currency with yours. Leading to you having less of your own currency, after which you have to print currency (currency is by fiat) then you print more, which devalues it. That is an extremely simplistic view but it should get you a bit of an intro. Nigeria can either devalue its currency or simply stop importing because it wont print money (and hence maintain a fixed money supply instead of floating it)

Adesiji77:
http://nairametrics.com/buharinomics-is-1983-about-to-repeat-itself/ lalasticlala

CSTR2:
Read it again and this time slowly.
Buhari cannot be checkmated without his supporters tearing Nigeria down.
Your president is on his own. Pray that he has a bit of economic sense.

nobeku:
Your father is a zombie!!!! TORCHECUL!!!

butanepro:
How old were you @OP in 1983?

400billionman:
The Nation is on AutoPilot..

Republlican:
I read small.of what the op is saying but grabbed a lot can OP kindly explain why the British government have BA and BP.

Nonsense

basilo101:
Improved power supply which is a product of GEJs privatization of PHCN and heavy investment and efficiency in running the now profit driven venture is now being attributed to the archaic communist by the zombies

989900:
More like distorted-- I wish there is a more subtle way to say this; just too much 'over simplification and distortion'.

BTW, back to my question, the number one driving goal of devaluation is, to stimulate foreign investment/inflow of forex and drive exports.

Check my profile if you do have the time, and read my 2 topics on devaluation.