₦airaland Forum

trapQ:
Of course yes!! things are already moving in the right direction now but things can be better if the ministers play their cards right.

OnReflection:
I'd say it is a good thing that your unqualified musings are confined to the annals of NL?



Please do not extend your reach any further, until you familiarise yourself with economic growth patterns.

tinkinjow:
I hv com 2 d conclusion dat whenever the US or EU expresses strong reservation especially on trade and economic policies, u r at d least 70% on track.

CriticalThought:
They want us to continue to be import dependent. They then reported us to a ‘world’ trade organization which they control. Any sensible government knows they should try to make exports more than imports. The whole of Africa should harden their policies against the west and EU then trade with Russia and China. Lets see how the west will get the resources they want

Favparis:
Hi Mr. Economist, what contribution has this your Economic brain contributed to the development of our economy?

Since you know this Economy so well, has it changed anything in this crumbling sector?

Answer Me

CSTR2:
What indigenous economy?
Indigenous economy and yet he opened the borders to indiscriminate rice imports.
Compare this to the much maligned jonathan that focused on home grown agricultural self-sufficiency, and an attempt at rewamping the home-grown automobile industry,e.t.c.
It was the jonathan administration that even blocked the EU trade deal.
The west is annoyed with buhari, but his phantom indigenous policy is not one of them, because it is virtually non-existent.
Stop trying to be a sycophant.

emmykk:
let me give you an insight,thailand import rice to nigeria and as at GEJ rice was N8500 now with PMB preventing them not to exchange a discounted dollar at central bank rice is N10500 wholesale price and is not yet xmas.which means you are paying N2000 more on decision.

PMB quick response approach as if nigeria is a family house has made 41 items importers or company usind those item that has since incrreased to layoff workers.


Well is just temporary,pmb can not continue like this,otherwise other countries will gang up against us by stop importing and you yet to make common steel spoon,so stop saying what you dont know.

Country develop when you export more,not try to control impoet at the detriment of your citizen

SIRTee15:
Go n read about AGOA and see the types of products traded under the arrangement.
They are mainly primary commodites like cocoa, rubber, timber, palm oil, tea, coffee etc, natural resources and oil n gas.
Try and export consumer goods or finished products and see the kain barrier u will meet at their borders.
If they are really serious about AGOA, let them assist in the area of technology transfer, availability of cheap funds, technical skill assistance in manufacturing n production, power n infrastructural development in our special economic zones.
Then we can produce quality n standard goods that will meet their stringent requirements at their borders.

Image123:
This is not PMB's fault but currency devaluation. If a bag of rice was $50 last year for instance, businessmen need about 8000naira to buy one bag at about 160/$. But now, the same businessmen need 10,000naira to buy the same bag of rice at 200/$. This is a situation PMB met on ground. Obviously, things imported will be more expensive plus the jara market people will put to it to maximize their profit blaming others.

uridadole:
U sound like a bread hawker on the street. The policy is in the best interest of nigeria and has long run real benefits. Europe and America will always oppose it. GMB is doing great in that area.

PassingShot:
This is an indication that PMB/CBN took the right decision. Any economic decision that makes US/EU frown at us or report us to any body is surely good for our own economy.

emmykk:
this is even after the devaluation,what buhari is doing is that he is increasing foriegn reserve at the detriment of the masses.he should unturn that is evil foriegn policy to align with what is obtainable world wide.

If he want any items excluded from forex transactions he should first of all be providing that goods of services in abundances first.

Image123:
Of course it has to be after the naira devaluation, it is the after effects of the devaluation. You need more naira than before to buy or import goods. The CBN policy is not at the detriment of the masses, the masses won't have headache because of imported toothpick, private jet or Indian incense. BTW, these things are not banned, the government simply said if you want them, find dollars elsewhere. We(CBN) cannot continue depleting reserves so that you can import private jet and toothpick.

emmykk:
then provide us tooth pick company

billyG:
So US & EU them no want Buhari to turn #1 to $1.which way 4ward nigeria?

billyG:
So US & EU them no want Buhari to turn #1 to $1.which way 4ward nigeria?

billyG:
So US & EU them no want Buhari to turn #1 to $1.which way 4ward nigeria?