Caseless:
u have shown ur ignorance before you saw the post u quoted.

can't you stop following me around?

arewafederation:


Do you know about the CBN's policy promotion of fixed exchange rate, and politics of currency devaluation?

Abeg swerve one side if you don't know what's happening in your country.

Big laugh out loud.

So fixed exchange rate is The economic policy ?

Anyone with an elementary knowledge of economics will dismiss all this nonsense talk of to devalue or not to devalue.
The currency is already devalued by simple market forces.
Maintaining a phony official rate is the silliest thing any government can do.

Insisting, against market forces, to keep the phoney official rate at $199 shows the very narrow grasp of economics that the present leadership has.

Ecoterrorism:
I'm not an enemy of Nigeria because I didn't support the policies of this country. I'm a lover of Nigeria because I've seen that this country is in deep mess and the managers don't have any clue as solution rather they are pooing on our heads with propaganda

you don't proffer solutions, you celebrate when it goes bad for Nigeria cos the candidate you supported in the election lost.


I want to remind you lots that elections are over, it's time for governance. If you want to criticize, do it objectively.

Caseless:
you don't proffer solutions, you celebrate when it goes bad for Nigeria cos the candidate you supported in the election lost.


I want to remind you lots that elections are over, it's time for governance. If you want to criticize, do it objectively.

I've heard you. Can you kindly go and join efcc to continue the witchunting

arewafederation:
Nigerians are very impatient, forgetful and shortsighted.
We all want change and are not prepared to make sacrifices and undergo the pains that accompany the change.

But I believe with the present economic policies, even though harsh, Nigeria will in the long run become self reliant. Only then can we begin to feel the CHANGE.

Indeed. That is why it is frustrating talking to Nigerians about politics or the economy. The myopia and ethnocentric viewpoint of many Nigerians, which makes them fail to see or deliberately misinterpret what is obvious, is annoying.

I gave an example on another thread of how some Nigerians are acting like a little child who is demanding a bicycle from his dad yet will not accept that Daddy simply does not have the money in his pocket to purchase the bicycle with. The simple fact some Nigerians are blatantly refusing to accept , like a brat-like child, is that we do not have the reality or economic strength, courtesy of being a mono-economy with a moribund SME sector and prehistoric infrastructure et al, to recover quickly from this crash in oil price matched with the monumental corruption GEJ and co have bankrupted Nigeria with. Nigerians should grow up, face reality, support a well-intentioned and focused government and , crucially, stop childishly and unreasonably demanding water from a stone.

Ecoterrorism:
the same thing that destroyed Argentina and Greece is what your APC govt is proposing. Social welfare scheme which piles on our recurrent expenditure or in laymans term. To use mouth chop your future

I think someone has realized that taking that welfare package a whole hog without any economic inputs from beneficiaries will cost us more, and there have been modification to the plan.


Check out more info on what caused the Greek problem.

Ecoterrorism:
Buhari should man up and devalue our currency like Ibb did to save the free fall of the naira.

Even if naira is officially devalued to 400 today, and our only source of foreign currency keeps on falling, the gap between official and black market will widen again. It is a matter of demand and supply.

Ecoterrorism:
can't you stop following me around?

today is ur day- I'm dedicating today to you. How about that?

Ecoterrorism:
I've heard you. Can you kindly go and join efcc to continue the witchunting

funny post!

Caseless:
I think someone has realized that taking that welfare package a whole hog without any economic inputs from beneficiaries will cost us more, and there have been modification to the plan.


Check out more info on what caused the Greek problem.

So you can now see with your eyes what our wailing has caused. Thanks for eating the humble pie.



Hope u enjoyed it

Ecoterrorism:
So you can now see with your eyes what our wailing has caused. Thanks for eating the humble pie.



Hope u enjoyed it

*walks out and vomits the humble pie *

I'm just being a realist , not succumbing to the wailing antics of wailers. For BUHARI to have a modification to the walfare program shows he deserves a commendation.

Caseless:
*walks out and vomits the humble pie *

I'm just being a realist , not succumbing to the wailing antics of wailers. For BUHARI to have a modification to the walfare program shows he deserves a commendation.

for him to even think of it shows he is DUMB

Massive Recruitment At My Nija
My Naija Biz is the most effective online marketing tool for small to medium sized businesses in Nigeria. Our powerful platform helps businesses to sell more product and services to their existing customers and also get lots of new customers. We envision ourselves rapidly dominating the market for the provision of sales and marketing services to Nigeria’s small and medium sized business.
Position; Sales representative
Candidate requirements;
1. Must possess a minimum of OND.
2. Must be a resident of Port Harcourt.
3. Must be smart and possess ability to think on the feet.
4. Problem solving skills.
5. Consultative approach and result oriented.
6. Excellent written and communication skills.
7. Must be ambitious, enthusiastic with strong work ethic.

Method of application
Qualified applicants should submit their CVs via email to
Ojezamaihian@gmail.com or dayoski12@yahoo.com

Ecoterrorism:
for him to even think of it shows he is DUMB

when he refuse to listen , you call him a despot. When he does listen, you call him name. You people just have cognitive dissonance!


When you deactivated, you came back better, what's behind that ?

Caseless:
when he refuse to listen , you call him a despot. When he does listen, you call him name. You people just have cognitive dissonance!


When you deactivated, you came back better, what's behind that ?

GOD

arewafederation:


The exchange rate policy.

Which one? Preventing people from making online payments? Nairaland almost got into trouble over a $200 payment that they blocked. $200!!

Omenkata:

because Nigeria is being governed by the most useless incompetent hopeless president ever.
the illiterate from Daura that only knows how the meals of his private jet tastes because as a useless old hag cattle rearing bastard vagabond he is, he prefers junketing around the world showing the world his useless old face than sticking his nyanch in Nigeria and deliver the dividend of democracy.

a man with a charlatan like lair Muhammed as a minister is doomed to fail
no amount of propaganda will save his useless self.

shame to the worst president ever since the rise of civilization and democracy

Notice everyone else is talking Economic policies and solutions and you just changed the topic to "Everyone look at me I have a Mental illness".

Go take your medication.

Alxmyr:
God bless you my brother.
But the blessing will only become permanent if you can say Amen to this short prayer.
May God change your life the way Buhari has changed Nigeria in the last 8 months.

The epic, abeg take one origin for my head

Ecoterrorism:
GOD

I see. I think it's God that's making me soft on you today.

Seun:
It worked marvelously in Argentina, Greece, and Zimbabwe. Why not Nigeria? /s

With your steady power supply abi

maclatunji:
Buharinomics is Working

I can see why former President Jonathan could oversee the most odious looting of the treasury with the way Nigerians are reacting to the current state of the economy. The Buhari government has made it clear that it is determined to wean us off importation and what this means for a country that imports virtually everything from eggs to toothpicks is that people will feel the pain initially.

However, the Buhari government's economic policy of stifling frivolous imports and not officially sanctioning the devaluation of the naira is working as the manufacturing industry is beginning to grow. There is evidence for this assertion here http://communityvoiceradio.com/chinese-auto-firm-to-set-up-assembly-plant-in-calabar/ and http://nairametrics.com/bua-group-and-this-chinese-company-will-build-a-1-9b-steel-plant-in-nigeria

The same with agriculture https://www.nairaland.com/2904854/anambra-begins-vegetable-export-uk
and http://www.punchng.com/ooni-promises-jobs-for-40000-youths-through-agriculture/.

Yes, there are initial pains but if Nigerians support the government and stop the addiction for imported items, we will be on the way to long-lasting and sustainable economic growth and development.

Despite the problems with the budget which proper scrutiny from the National Assembly can help address, it still has a large focus on infrastructure development that will benefit the economy and citizens in the middle to long term.

Our duty as citizens is to look at ways of helping to make things better as the government fights corruption and implements structural reform of our economy not to whine about not being able to continue our destructive habits of wasteful spending and unnecessary importation for temporary gain.

Source: http://www.coolstuff49ja.com/2016/02/buharinomics-is-working.html

Bag of trash. Manufacturing industries without steady power supply. If the government is serious about local production, they should fix power first. You will amazed when u get to hear how much the few local producing industries spend on power alone. What then happens to profit?

drss:
make una prepare o! very soon milk n bread go scarce cos buari dullard does not know economics. d only tin he understand is corruption.
If i was in buari's shoes, dis is wat i for don do:
[b]- as soon as am sworn in, i will appoint minister of finance n constitute an economic team on 5th june 2015 to fomulate economic policies to drive d economy out of oil. i will make sure my economic team through budget office prepare 2016 national budget by september for presentation in october 2015.
- i will prevail on national assembly to pass national budget before christmas break on dec 2015.
- on june 20th 2015, i will devalue d naira n send suplimentary budget bill of N700 billion to national assembly for approval. dis monies will be use to support strategic industries like automobiles to help boost their production capacity for local consumption n export. i will partner with china to help develop our local content on manufacturing. d supplimentary budget will serve as an emergency budget to pave d way for export led economy. parts of d monies will also be used to help fix power infrastructure.
- i will invest massively in agricultural mechanization. infact agriculture will get d lion share of N700 billion in my 2016 budget. If i were buari, i will improve d youwin program n support young pipul who have passion for farming. special grants will be given to poultry farmers instead of d so call N5,000 to d poor nonsense.
- i will begin massive infrastructual development of roads n bridges n prepare a contract for d construction of 2 sea ports in south east n south south. container ports will also be established in north east for export of agricultural produce.
- i will downsize d federal civil service.
- i will abolish govt sponsorship of pilgrimage. make everbody hussle for him religious duties.
- i will send a bill for final implementation of true federalism where every state will be responsible for demsleves. d states will have total conrol to their resources n develop their solid minerals within their domain. afta which i will abolish federation account. no more feeding bottle.
- finally i will bail out all d states of d federation to enable dem develop their economic resources according to ther comperative advantage. each state will be responsible for generating their revenue. afta which all d states will be left on their own. [/b]
dis is wat i will do if i were buari.

you see, while PMB is busy being president, you are wasting time condemning his approach to governing. u should be ashamed of urself.

plaetton:


Big laugh out loud.

So fixed exchange rate is The economic policy ?

Anyone with an elementary knowledge of economics will dismiss all this nonsense talk of to devalue or not to devalue.
The currency is already devalued by simple market forces.
Maintaining a phony official rate is the silliest thing any government can do.

Insisting, against market forces, to keep the phoney official rate at $199 shows the very narrow grasp of economics that the present leadership has.

Isn't the FER an economic policy?

Mr.Adams Smith, Please tell us what makes the FER silly and propose a practical way forward.

grandstar:


india is not an. economic giant. China is an. economic giant because of an export boom and not protectionism. It even tied the currencu firmly to a week dollar.

India is not what?

Seun:
Which one? Preventing people from making online payments? Nairaland almost got into trouble over a $200 payment that they blocked. $200!!

That was done to check some excesses which unfortunately, affects even the innocent.

arewafederation:


Isn't the FER an economic policy?

Mr.Adams Smith, Please tell us what makes the FER silly and propose a practical way forward.

FER is not silly.
But having a dual exchange rates where one is fixed and the other open to market forces is the grand folly.

When was the last time you walked into your bank and got the official FER?
The official FER is just an avenue for fraud for banks and their agents. It's robbing the public to pay the banking class.
It makes noooo economic sense.

On the other hand , let the currency float freely would allow it reach it's equilibrium value, it's real value.
This value may be 500 or 1000, and would sure enough create immediate pain for imports.

But our non oil exports would benefit, grow and their successes seep into the economy.
The non oil exports can potentially create 20 to 30 million jobs if the incentives for profit-making are there.

On the medium and long term, it would force us to look inwards and look local for our basic necessities.

Those who can import and those who want to consume foreign made products would go ahead and pay the higher prices.

When oil prices recover, we would have created so many cottage industries that our economy would become less and less dependent on oil and gas.

And let me add another thing.

Forcing Western Union and monygram customers to get their remittances at the official naira rate is another fraud perpetuated on the Nigerian public.

Nigerians in the diaspora remit to $23 billion annually.

If beneficiaries are allowed, as was the previous practice, to receive their funds in dollars or at REAL market equivalents, it would encourage those in the diaspora to remit more dollars, help mitigate the shortages and help keep the pressure off the Naira.

This is one thing the government or CBN should do right away.

Omenkata:

because Nigeria is being governed by the most useless incompetent hopeless president ever.
the illiterate from Daura that only knows how the meals of his private jet tastes because as a useless old hag cattle rearing bastard vagabond he is, he prefers junketing around the world showing the world his useless old face than sticking his nyanch in Nigeria and deliver the dividend of democracy.

a man with a charlatan like lair Muhammed as a minister is doomed to fail
no amount of propaganda will save his useless self.

shame to the worst president ever since the rise of civilization and democracy

if u dont die because Buhari is now in charge ruling over u and ur papa, who will? mumu!!!!!!!!!!!!!! As if all those nonsense u put over there will stop Buhari from ruling over u lolzzzzzzzzzzz

efilefun:
Even if seun decides to ignore all the insults on this post am sure oga mynd44 or ishilove still remembers the rules on this forum

what's this one saying?

Alxmyr:
God bless you my brother.
But the blessing will only become permanent if you can say Amen to this short prayer.
May God change your life the way Buhar
i has changed Nigeria in the last 8 months.

Amen