₦airaland Forum

jonnieoneng:
FROM YOUR STATEMENT ,YOU ARE EITHER A JONATHAN apologist or you know nothing about economics.I suggest you keep your views to your self instead of demonstrating your level of IGNORANCE.

vickyO:
As the active Change proclaimers keep telling me, LET THE END JUSTIFY THE MEANS - it might not make sense now but on the long run Buhari's plan will unfold beautifully.

Let's see where all these lead us.
I just hope it doesn't end up becoming an outrageous battle for change where the bad outweighs the good.

udohzone:
The problem is not his plans unfolding. The problem is that we and you don't know this plans because none has been articulated. Except there's one or more that you are privy to. Kindly share with us this plans so we can stop complaining and wailing like you all have told us.

winterfell007:
Buhari by all indices does not understand that his laxity and indecision has really caused the nation a great deal of economic loss. during GEJ's administration, every investor coming to Africa always have Nigeria as the first point of destination. Rating Agencies like Rueters, JP Morgan and Fitch rated Nigeria high due to fast growth rate, better clarity of government policies such as: auto policy, power sector reform, sugar policy and gas based industrialization and improved civil service organization. i could remember attending expos and speakin wit various expatriates they highlighted how remarkable Nigeria has grown since the return to democracy and the upswing momemtum we've maintained since then. That seem to have slowed down. The growth of seemed to have slowed not just because of the plunge in oil price but the inconsistency and indecision of the current government. no one seem to understand where they are heading to. that in itself is the greatest contributor to slow growth rate. my humble contribution
It is my hope PMB realizes this before it's becomes too unbearable.

doctokwus:
If the economy is said to be suffering under PMB,then under GEJ,by now,Nigeria would have stopped being called a country economically, politically and socially.
Economy under PMB wud always be 100x better than it cud have been under the fisherman.

doctokwus:
If the economy is said to be suffering under PMB,then under GEJ,by now,Nigeria would have stopped being called a country economically, politically and socially.
Economy under PMB wud always be 100x better than it cud have been under the fisherman.

feldido:
Bad for the Economy but MTN deserves all they've got

feldido:
Bad for the Economy but MTN deserves all they've got

ElFenomeno1:
How?
Please elaborate.

400billionman:


If you can accept the truth, this leadership is confused.

MTN has world standard management. Everyone knows how difficult it is to run a business in Nigeria. Yet they are making it. It is very easy to see why Nigerians hate them.

It is just like saying Dangote cement in togo or South Africa deserves a fine of $5.2bn because he is a successful Nigerian businessman.

Think bro.

basilo101:
Igbo shud reject finance minister, its trap to find a scapegoat

winterfell007:
Buhari by all indices does not understand that his laxity and indecision has really caused the nation a great deal of economic loss. during GEJ's administration, every investor coming to Africa always have Nigeria as the first point of destination. Rating Agencies like Rueters, JP Morgan and Fitch rated Nigeria high due to fast growth rate, better clarity of government policies such as: auto policy, power sector reform, sugar policy and gas based industrialization and improved civil service organization. i could remember attending expos and speakin wit various expatriates they highlighted how remarkable Nigeria has grown since the return to democracy and the upswing momemtum we've maintained since then. That seem to have slowed down. The growth of seemed to have slowed not just because of the plunge in oil price but the inconsistency and indecision of the current government. no one seem to understand where they are heading to. that in itself is the greatest contributor to slow growth rate. my humble contribution
It is my hope PMB realizes this before it's becomes too unbearable.

birdman:
The main issue here is Nigeria's debt is in dollars.

For example, if you borrow $1 when exchange rate is $1-N100, you convert and have N100 to do business. Now you owe your lender N100 ($1). If the exchange rate increases to $1-N150 in the meantime, you now owe you lender N150. So with no interest added, you can go bankrupt just because you cant pay your debt back

This is the issue here - the IMF wants CBN to loosen monetary controls so our currency can depreciate, thereby rendering us unable to pay back debt. We are already in trouble because the weakened oil demand caused a huge depreciation during GEJ's admin, spiking our debt. Note I didnt say GEJ did it. Buhari is doing the right thing here by tightening monetary controls (something GEJ did not have the political will to do), and Nigerians need to wake up and stop playing politics! The vultures are circling!

feldido:
Bad for the Economy but MTN deserves all they've got

maximilian19:
wen dey leave the shore of Nigeria u go know say Glo and Airtel wit Etisalat, na management we dey use dem do, go if MTN go, i know for ur village na only one bar airtel u dey use, den body go tell me

TSNG:
And the APC e-Diots would say 'Give him one year before you judge"..Buhari is super clueless evident with his lack of economic direction,any quality leadership, and unnecessary world tours etc yet some blind gullible youth would keep masturbating on him,even the world sees Nigeria is nosediving into serious economic crises,soon naira would be as worthless as Zimbabwean dollar,maybe then you lots on naira land would stop screaming wailing wailers and call the Daura President to order


ThankGod most of them around me are beginning to grow "common sense"

APC is a scam,Buhari is a senile old snail

maximilian19:
wen dey leave the shore of Nigeria u go know say Glo and Airtel wit Etisalat, na management we dey use dem do, go if MTN go, i know for ur village na only one bar airtel u dey use, den body go tell me

feldido:
Right now d worse network in my village is mtn, so no big deal... We have NTEL now

searching4lovee:
[size=18pt]EVEN IF THE WHOLE ECONOMY CRASH, WE WILL STILL VOTE FOR HIM IN 2019. NEXXXT [/size]

doctokwus:
If the economy is said to be suffering under PMB,then under GEJ,by now,Nigeria would have stopped being called a country economically, politically and socially.
Economy under PMB wud always be 100x better than it cud have been under the fisherman.

searching4lovee:
[size=18pt]EVEN IF THE WHOLE ECONOMY CRASH, WE WILL STILL VOTE FOR HIM IN 2019. NEXXXT [/size]

doctokwus:
If the economy is said to be suffering under PMB,then under GEJ,by now,Nigeria would have stopped being called a country economically, politically and socially.
Economy under PMB wud always be 100x better than it cud have been under the fisherman.

amazingspiderma:
Just watch out for further negative market reaction when these set of ministerial angels take over.
So far non of them command confidence in the financial world.They are just a collection of PMB's family and friends.
Global markets respond positively to competent people not nepotism.

The question is not the amount. It is the relative size of the amount. VW has a market valuation of $126 billion. $18 billion is about 15% of that amount.

MTN has a market valuation of $21 billion. $5 billion is about 20% of that amount.

The entire IGR of all the states in Nigeria for the 2014 fiscal year is not up to $5 billion. How can a sane country fine a company majorly operating in a country about 25% of the National budget. It is like the US asking a company to pay a fine of about 900 billion dollars.

I agree that corporatocracy can be over themselves many times. MTN acts with impunity severally. But let's face it, the US has one of the best climate to conduct business. In Nigeria, even being the sixth largest company in Nigeria, they cannot rely on the government to stop vandalism of their expensive installations.

Two wrongs don't make a right. The NCC is right to fine iMTN. However, the relative size of the fine is outrageous.

And please, next time do not compare functioning economies with the joke called the Nigerian economy. So because US is levying billion dollar fines, a country that cannot generate enough electricity to save lives should too.

I am not pro-MTN, but I protest this outrageous show of power. If we don't curb it now. Very soon, it will be SME's attracting billion dollar fines. EVIL THRIVES WHEN GOOD MEN STAY SILENT.