sirpompey:

Biko what is he diversifying tell me 1 new thing buhari has done in this past 1 year and you win

tonio2wo:

Even the small local businesses are dying. A friend who sells dipers could not order more stock because the price is like 3 times what she pays to get them.

tiwiex:


The problem is that I see no diversification from this government else Buhari won't be the minister of petroleum. He should have been minister of agric.

Quakertellicus1:
Wailers....food is ready.

On a more serious note...

The problem is that we are not earning enough forex from oil. And we should have saved money last time....but GEJ somehow did not improve on Yaradua's success in raising our ECA to 60bn....he knocked it down to 32bn.

Let's be frank, we have a situation where we are no longer earning enough from oil.(And we are going to earn less as the glut continues) And PMB is not doing what needs to be done....cutting subsides, raising taxes, spending more on power and transport...so that eventually Nigeria would be able to get off oil for good.

Nigeria needs to be free from oil. We need to become a manufacturing power....who manufactures goods for the export market...so that we can be like China....a superpower who gives loans to other poor nations.

So....if you want your ECA imporved....you have to go manufacturing. Oil is a spent force.

Quakertellicus1:


Takes one to know one

Quakertellicus1:


It is dropping because our economy is pegged to oil...which your dear darling PDP did nothing about for 16 years...despite being given the money to deal with it.

And diversification takes time.

Jirate:
Another Sign that this Administration is a Complete Failure, which ever way you might want to look at it. Despite their so call War on Corruption, foreign investors are all leaving in droves, when we talk, they say we are wailing. They forget that He who wears the Shoe knows exactly where it pinches.
Buhari is Bad Luck. I am yet to see the benefit of having him as our Leader at this point in time.

Quakertellicus1:
Wailers....food is ready.

On a more serious note...

The problem is that we are not earning enough forex from oil. And we should have saved money last time....but GEJ somehow did not improve on Yaradua's success in raising our ECA to 60bn....he knocked it down to 32bn.

Let's be frank, we have a situation where we are no longer earning enough from oil.(And we are going to earn less as the glut continues) And PMB is not doing what needs to be done....cutting subsides, raising taxes, spending more on power and transport...so that eventually Nigeria would be able to get off oil for good.

Nigeria needs to be free from oil. We need to become a manufacturing power....who manufactures goods for the export market...so that we can be like China....a superpower who gives loans to other poor nations.

So....if you want your ECA imporved....you have to go manufacturing. Oil is a spent force.

Quakertellicus1:


It is dropping because our economy is pegged to oil...which your dear darling PDP did nothing about for 16 years...despite being given the money to deal with it.

And diversification takes time.

Firefire:


Nigeria is sinking faster into the abyss, we cannot continue like this... _Ngenekwenu

ajepako:


Shey sobi-sako yen? won seesee nji loju oorun ni....

Ara gbogbo won maa bale nigbati gambari baba won ba tan won si oko ale..

Se daada ni jare?

ATERI:

To hell with foreign investors!!

Quakertellicus1:
Wailers....food is ready.

On a more serious note...

The problem is that we are not earning enough forex from oil. And we should have saved money last time....but GEJ somehow did not improve on Yaradua's success in raising our ECA to 60bn....he knocked it down to 32bn.

Let's be frank, we have a situation where we are no longer earning enough from oil.(And we are going to earn less as the glut continues) And PMB is not doing what needs to be done....cutting subsides, raising taxes, spending more on power and transport...so that eventually Nigeria would be able to get off oil for good.

Nigeria needs to be free from oil. We need to become a manufacturing power....who manufactures goods for the export market...so that we can be like China....a superpower who gives loans to other poor nations.

So....if you want your ECA imporved....you have to go manufacturing. Oil is a spent force.

uyplus:


What we ahould be asking the PDP supporters is that, what do the think th previous government would have done differently? Ofcourse because they steal in billions to fund their ostentatious lifestyle, there probably wouldn't have been anything left in our reserves.. We had oil selling at auch a high price years ago, and they never thought about saving for the rainy day. It remains a miracle that this government hasn't gone borrowing, because the previous government would have gobe borrowing. Even at oil sellling for $140pb they still went to borrow money, the recovered abacha loot from Switzerland was still stolen. And yet some idiots would think this government is gonna do magic with oil sellling at $35pb, beside, we are still a mono-economy. It will be so foolhardy and inhumane to compare 16years of pdp rule to 1year of apc rule. Apc goofed by promising what they can't offer within the initial time frame of 4years, but i am hopeful everything will be fine. My problem with this administration is the economic team. The finance minister and the CBN governor are both deadwood.. they both lack the expertise to stimulate this economy.. So please, pdp supporters should give me a break. They couldn't fix electricity problem in 16years, they couldn't provide us other basic ammenities like hospitals, portable drinking water and good roads etc all thru their 16 years of rule.

ATERI:

To hell with foreign investors!!

NavierStokes:
I thought CBN said Nigerians have $20billion sitting idle in their accounts, remittances from diaspora for 2015 was $21billion, so why is the reserve still around $27billion?

Lies everywhere!!!!!

glook:


Do you want him to satisfy the foreign investors which will lead to more sufferings for Nigerians?

What is your solution?

dboss444:


How long are we going to keep importing stuff? Nigerians has to look for a way to manufacture these things here so we can grow our own locally

Quakertellicus1:


It is dropping because our economy is pegged to oil...which your dear darling PDP did nothing about for 16 years...despite being given the money to deal with it.

And diversification takes time.

Martinezbaba:


U need a brain reset, do u really know the meaning of investor?
Not even any developed economy will tell investors to go to hell. It seems Daura King has infested u with Brain damage.

chubbyFred10:
I See War Coming

tonio2wo:

I agree but there should be an alternative no matter how little before we become strict on some of d importation laws.

Quakertellicus1:


Do you have Buhari's people'scontacts....I need them baaad...I am broke, and need the money!

Assignment.....Read this...
http://nigeriaworld.com/articles/2004/aug/062.html

uyplus:


What we ahould be asking the PDP supporters is that, what do the think th previous government would have done differently? Ofcourse because they steal in billions to fund their ostentatious lifestyle, there probably wouldn't have been anything left in our reserves.. Many years ago, We had oil selling at auch a high price, but the then ruling government never thought about saving for the rainy day. It remains a mystery and a miracle that this government hasn't gone borrowing, because the previous government would have gone borrowing. Although oil was sellling for as high as $140pb the immediate past government still went onto borrow money and plunge us into more debts, the recovered abacha loot from Switzerland was still stolen. And yet some idiots would think this government is gonna pull magic with oil sellling at $35pb? Have they forgotten so soon that we are still a mono-economy and our major source of forex is from crudeoil produce? Should the cbn open up its damn reserves and throw dollar at every dick and harry who needs it? It is simple economics, we are an importing nation and our demand for dollar is more than our dollar supply due to dwindling oil prices. Do people still want dollar so they can import palmoil from malaysia, toothpick from china etc? It will be so foolhardy and inhumane to compare 16years of pdp rule to 1year of apc rule. Apc goofed by promising what they can't offer within the initial time frame of 4years, but i am hopeful everything will be fine. My problem with this administration is the economic team. The finance minister and the CBN governor are both deadwood.. they both lack the expertise to stimulate this economy.. So please, pdp supporters should give me a break. They couldn't fix electricity problem in 16years, they couldn't provide us other basic ammenities like hospitals, portable drinking water and good roads etc all thru their 16 years of rule.

Quakertellicus1:


Takes one to know one

Quakertellicus1:


It is dropping because our economy is pegged to oil...which your dear darling PDP did nothing about for 16 years...despite being given the money to deal with it.

And diversification takes time.

slap1:
Where are all those brainwashed zombies that voted the dullard? Zombies be missing in action since Buhari, the cattle rearer of Daura, has shown there is really a limit to what he can do at 74.

We warned them. Where is Wole Soyinka (I still respect you, my prof)? David West? Father Mbaka? OBJ and the other despicable creatures who hypnotized the zombies with impeccable thoroughness? Where are they?

Jirate:
Another Sign that this Administration is a Complete Failure, which ever way you might want to look at it. Despite their so call War on Corruption, foreign investors are all leaving in droves, when we talk, they say we are wailing. They forget that He who wears the Shoe knows exactly where it pinches.
Buhari is Bad Luck. I am yet to see the benefit of having him as our Leader at this point in time.