₦airaland Forum

And u know the funniest thing is that currently trendion aljazeera is china's is currently having their worst economy since 7 years..


Wait sef make baba free all this corrupt people come have door to door meeting with them and ask them to borrow us money at low interest rate and they have to give us in cash....i mean tinubu,gej,dangote,danjuma I mean all this wealthy people let them borrow us 100 billion dollars then make baba use this money turnover Nigeria then once we're back on our feet we'll pay them back..


If this is hard to make then let them increase tax on wealthy people.

Joel3:
she must be insane, when workers has not been paid, no fuel, no light. she is not speaking for Nigeria. we need that IMF loan. period.



and she call that China deal loan? the Nigeria China deal. I don't call that loan. rather the government went to China to award frivolous blind contract to Chinese.

that is not loan.


find below answer to our problem.

kinibigdeal:
You mean Kemi the Former commissioner in Ogun local constituency with an international exposed Ngozi...people like you are the reason why our education is dead

your hatred for yorubas and hausas won't take u anywhere, hope u wont die of HBP?

amtaken:
Can someone hand me my cane?




Is this Kemi a robot or mannequin?


My cane please!!!7

You need serious re orientation.

[quote author=hmuhammad post=44768412]This Kemi is far better than that frog, wailers will still want to call her names.

Kemi cleaning Ngozi Iweala's mess since may 29th 2015


God bless PMB
God bless PYO
God bless Kemi
Thunder fire those wailing unnecessarily
God bless the federal republic of Nigeria[/ & SMILINGquote] zoo call nigeria is going down, are ur thier pretending as if no thing is happening, THAT IS WHY FELA SAID , NIGERIA SUFFERER & SMILING

EEZe:
i wonder when other country will borrow from Nigeria

Ghana borrowed from Nigeria

hmuhammad:
The Managing Director of International Monetary Fund (IMF) Christine Legarde says the state of Nigeria’s economy is critical and requires proactive monetary, fiscal and structural policies to put it on the path of growth.

The IMF position during a media conference at the IMF WD spring meetings attracted the reaction of Nigeria’s Minister of Finance Kemi Adeosun.

The Minister, said Nigeria will overcome its economic challenges without taking loan facility from the IMF.

She disclosed this in a statement issued in Abuja on Saturday. Adeosun made the observation at the ongoing Spring Meetings of the IMF-World Bank in Washington DC in response to why the government has refused to apply for IMF loans.

The statement quoted the minister as saying that Nigeria was adapting to its new realities by implementing fiscal policies to steer the country back on track for stable growth with a diversified economy.

Signed by the Special Adviser to the Minister on Media, Mr Festus Akanbi, the statement said the minister expressed optimism that sound fiscal policies and investments would boost Nigeria’s economy by 2017.

Adeosun insisted that what the country was passing through was surmountable because government was already applying a “cocktail of measures to address the problem.

“Nigeria is not sick. The real vulnerability in the Nigerian economy is over-dependence on a single source of revenue; oil.

“We have resolved to build resilience into the country’s economy to hedge against future oil shocks. This is because dependence on oil brings about vulnerability and laziness.

“So, we are doing a combination of things to diversify our economy, with revenue mobilisation to enable sufficient investment in developing the non-oil sectors.

“We have great opportunities to reset the Nigerian economy and ensure that as we go forward, growth will be in a sustainable manner so that we won’t be vulnerable to oil price fluctuations.’’

Adeosun said with a truly diversified economy the government would have enabled opportunities for wealth creation that would have flow down to every Nigerian.

She said that the compelling business case in Nigeria is that the fundamentals remain very strong, a teaming, young growing population, rich in resources and that the government of the day is determined to finally get it right.

She added that the long term investors recognise this and understand the difference between short term and long term issues and that the case for Nigeria persuades one to plan for the longer term opportunities



http://www.nta.ng/news/investment/20160416-nigeria-is-not-sick-we-dont-need-imf-loans-finance-minister-kemi-adeosun/

. Nigeria is still a joke n everything still propaganda. Whoever still believes what these govt says must be dragged to Uselu.

gwales:
Advantages of having a strong person (PMB) as your boss

Advantages of having epic traffic fuel and forex scarcity

[quote author=Joel3 post=44768266]she must be insane, when workers has not been paid, no fuel, no light. she is not speaking for Nigeria. we need that IMF loan. period.



and she call that China deal loan? the Nigeria China deal. I don't call that loan. rather the government went to China to award frivolous blind contract to

nonsense

hmuhammad:
This Kemi is far better than that frog, wailers will still want to call her names.

Kemi cleaning Ngozi Iweala's mess since may 29th 2015


God bless PMB
God bless PYO
God bless Kemi
Thunder fire those wailing unnecessarily
God bless the federal republic of Nigeria

No go get High blood pressure ooo...

But we need Chinese loans abi? Nonsense

.

If our youths could just do some research an back their arguments with constructive statements, things here will be a whole lot better.
America is the largest debtor in the world. They live and thrive on debt, Their saving grace is that they are they have the world's most dominant currency (Dollar). We cannot tow that line. So we need to look at sound economies with which we share similar characteristics and see how they are borrowing. Let's take a look at Britain. Total national debt is just above. £1.5 trillion, a third of which was borrowed from bank of england through quantitative easing program. Interest rates 4%. Compare this with America. National debt is $18.9 trillion. 47% of which is owned by foreign investors.
With our penchant for corruption in this country. A cash loan has and will always be useless, because your politicians will waste it on constituency projects. (borehole, overseas trips, town hall et al) Things that won't add any value to your GDP. Then another govt starts paying loan. Our saving grace was that crude oil was priced way above it's true value, due to OPEC and Co placing restrictions on production to drive up market price. We were able to pay back the loans and also suffer devaluation due to the ridiculous conditionalities that came with the loan.
Now a govt is saying, enough is enough, no more cash loans. Let's reduce dollar demand starting with our largest import partner. Let's agree on a fixed exchange rate so there will be no fluctuations for the next 3-5 years. And let them assist us with their technology.( Truth is no country will transfer technology to another). The questions we should be asking ourselves as youth is. How can I benefit from this govt deal.

Orientation:
a person's feelings, interests, and beliefs.


In other words I need to change my feelings, interests and feelings?


Did you have to be re orientated during GEJ's regime?

banmee:
You need serious re orientation.

African queen but this your brain. I doubt if you can do this job!!!

No matter what i still stand by this administration:.

Joel3:
do you know the meaning of import and Export? i don't think you do.import mean we buy from China and they don't buy anything from us.

The point is since Nigerians cannot do without import. In fact no nation can. And the the fact that most of our imports is from China which makes most dollar export going to them, you should know that Nigeria needs to look at how to cub the high dollar exchange which makes looking at how to deal with forex between Nigeria and China a priority. Long live PMB.

To say China doesn't buy anything from Nigeria is laughable. If you are still learning, know that China import crude from Nigeria. At least that one you cannot dispute.

You that knw import and could not even understand that no nation can live in isolation. Even the USA imports from China and vice versa. America highest debt is to China. How did that happen. Find that out since you know economics very much.

hmuhammad:
your hatred for yorubas and hausas won't take u anywhere, hope u wont die of HBP?

Does kinibigdeal sound Yoruba to you Muhammad?

priceaction:
I don't know how many of you reason just because you hate her. The one we got before, who has it helped? If not for the obj era that helped in clearing the accumulated ones, you think dollars to naira wouldn't have been up to 1:500? What was dollar to naira rates before shagari era(though I don't expect you to know this as a kid). That was how many troubles befell Nigeria after loan upon loan.

Even with that, after obj left , we are back to it again, yet you and me keep feeling it. Either you like it or not, we will survive this. China loan is better because this is not cash loan. It is like trade by barter. You develop our infrastructures, and it is monetized and we do natural resources swap with you. Let us try something different in this country and we will see different results.

Go and read what Greece and some other countries under IMF are facing now with their small populations. Many kids these days that refuse to do research and follow latest news but only interested in insults just for small portion of ekiti free rice.

We don't need so called loan


Don't mind them. When Nigeria has problems during Jonathan administration, we ran to them for help. Instead of helping us, they stopped buying our oil to worsen our problems. Here we are today.
They understand Africa well because any money they loan to us will be looted back to them. Their people will take contracts from us and mismanage the money and send it back to them.
We don't have the system and the technology to monitor how it is been used.
They know the implications of trading with China as a partner being a populous country. It came to them as a shock. They are confused already because many African countries will follow us in due time if the results are promising. They will lose hold of african in returns.That's why they are using all means to block it.
Even Ben bruse indirectly support it when he twitted that loan is better if it is used for infrastructural development and monetize it. It will open business up every where.
But here we are today, children that are yet to pass jamb will be spewing trash every where just because of regional hatred they have created for them selves.

you are blessed bro

amaechi1:
Your statement sound hypocritical? On one hand some us of condemn PMB for going for China loan, now you encouraging him to go for IMF loan. Wonder shall not end.

I am waiting for another letter from Fayose.

Don't mind the #wailersandliers, they don't know the implication of the IMF loan.

TPAND:
Dear Kemi,

What did you guys go to China for? Or the supposed yuan China gave us was a dash.

and so we should go for another loan from IMF abi? Ignorance at its peak.

angelusbrut:
African queen but this your brain. I doubt if you can do this job!!!

So, basically, she can't do the job cos she said "NO" to the destructive IMF loans, no? Your logic is upside down cos it takes someone brave and patriotic to reject IMF loans and not too many have the balls to do that.

I guess you don't have the brain capacity to decipher anything. However, you would yourself a lot of good by picking up a few books and reading the effects of Bretton Woods loans on 3rd world countries and how Nigeria nosedived into perpetual abyss due to SAP. A lot of you just post for the sake of it.

hmuhammad:
The Managing Director of International Monetary Fund (IMF) Christine Legarde says the state of Nigeria’s economy is critical and requires proactive monetary, fiscal and structural policies to put it on the path of growth.

The IMF position during a media conference at the IMF WD spring meetings attracted the reaction of Nigeria’s Minister of Finance Kemi Adeosun.

The Minister, said Nigeria will overcome its economic challenges without taking loan facility from the IMF.

She disclosed this in a statement issued in Abuja on Saturday. Adeosun made the observation at the ongoing Spring Meetings of the IMF-World Bank in Washington DC in response to why the government has refused to apply for IMF loans.

The statement quoted the minister as saying that Nigeria was adapting to its new realities by implementing fiscal policies to steer the country back on track for stable growth with a diversified economy.

Signed by the Special Adviser to the Minister on Media, Mr Festus Akanbi, the statement said the minister expressed optimism that sound fiscal policies and investments would boost Nigeria’s economy by 2017.

Adeosun insisted that what the country was passing through was surmountable because government was already applying a “cocktail of measures to address the problem.

“Nigeria is not sick. The real vulnerability in the Nigerian economy is over-dependence on a single source of revenue; oil.

“We have resolved to build resilience into the country’s economy to hedge against future oil shocks. This is because dependence on oil brings about vulnerability and laziness.

“So, we are doing a combination of things to diversify our economy, with revenue mobilisation to enable sufficient investment in developing the non-oil sectors.

“We have great opportunities to reset the Nigerian economy and ensure that as we go forward, growth will be in a sustainable manner so that we won’t be vulnerable to oil price fluctuations.’’

Adeosun said with a truly diversified economy the government would have enabled opportunities for wealth creation that would have flow down to every Nigerian.

She said that the compelling business case in Nigeria is that the fundamentals remain very strong, a teaming, young growing population, rich in resources and that the government of the day is determined to finally get it right.

She added that the long term investors recognise this and understand the difference between short term and long term issues and that the case for Nigeria persuades one to plan for the longer term opportunities



http://www.nta.ng/news/investment/20160416-nigeria-is-not-sick-we-dont-need-imf-loans-finance-minister-kemi-adeosun/

Nigeria is not sick, really? @bolded That's the hallmark of addiction. Yeah, Addiction is a form of sickness. That said, I don't like IMF loans. They come with very unfriendly conditions.

omonla555:
Ghana borrowed from Nigeria

how much did Ghana borrow from Shitnigeria? And for what? Shitnigeria wey people dey chop from dustbin get moni to lend? You better stop smoking those pawpaw leaves,huh? Every loan received by the Republic of Ghana has to be approved by the Parliament of Ghana. I have all records of loans approved by the Ghanaian parliament and there is no mention of a loan from Shitnigeria!

r2beez:
Please weep for yourself. Nigeria is not sick and refuses to be sick. We think and talk positive. You can migrate to Djibouti

Say the truth and shame the devil.. How is is PMS sold within your locality?

hmuhammad:
people like you will never see anything good in this administration, this is the same woman that discovered over 30 thousand ghost workers saving Nigeria over 2 billion per month. Kemi will succeed whether u like it or not

Did you see anything good in the previous admin?

Or you mean to say there was no good?

unite4real:
The point is since Nigerians cannot do without import. In fact no nation can. And the the fact that most of our imports is from China which makes most dollar export going to them, you should know that Nigeria needs to look at how to cub the high dollar exchange which makes looking at how to deal with forex between Nigeria and China a priority. Long live PMB.

To say China doesn't buy anything from Nigeria is laughable. If you are still learning, know that China import crude from Nigeria. At least that one you cannot dispute.

You that knw import and could not even understand that no nation can live in isolation. Even the USA imports from China and vice versa. America highest debt is to China. How did that happen. Find that out since you know economics very much.

Do you know that countries lobby to buy US debt instruments? I see there are many ignorant people here...

If the foreign investors have no faith in America's debt instruments, they wouldn't buy it.....

amtaken:
Can someone hand me my cane?




Is this Kemi a robot or mannequin?


My cane please!!!

Abeg help us to flog this aunty Kemi, flog here very well in her bootus, she knows nothing!

One of the intelligent youths who has taken time to understand the issues. Its a currency swap.

# 9jachinacurrencyswap

Better for 9ja than an IMF loan.

It is the difference between 2 adult relationship and an #IMFmastervslaveloan relationship.

PMB correct president.

We are diversifying to limit our exposure to fluctuations in an unstable currency that is backed by massive debt.


ï

opendo89:
If our youths could just do some research an back their arguments with constructive statements, things here will be a whole lot better.
America is the largest debtor in the world. They live and thrive on debt, Their saving grace is that they are they have the world's most dominant currency (Dollar). We cannot tow that line. So we need to look at sound economies with which we share similar characteristics and see how they are borrowing. Let's take a look at Britain. Total national debt is just above. £1.5 trillion, a third of which was borrowed from bank of england through quantitative easing program. Interest rates 4%. Compare this with America. National debt is $18.9 trillion. 47% of which is owned by foreign investors.
With our penchant for corruption in this country. A cash loan has and will always be useless, because your politicians will waste it on constituency projects. (borehole, overseas trips, town hall et al) Things that won't add any value to your GDP. Then another govt starts paying loan. Our saving grace was that crude oil was priced way above it's true value, due to OPEC and Co placing restrictions on production to drive up market price. We were able to pay back the loans and also suffer devaluation due to the ridiculous conditionalities that came with the loan.
Now a govt is saying, enough is enough, no more cash loans. Let's reduce dollar demand starting with our largest import partner. Let's agree on a fixed exchange rate so there will be no fluctuations for the next 3-5 years. And let them assist us with their technology.( Truth is no country will transfer technology to another). The questions we should be asking ourselves as youth is. How can I benefit from this govt deal.

A house divided against itself cannot stand (Abraham Lincoln..US President 1861-1865) As seen in the comments, this is a house divided against itself. The biggest setback to progress and development in this country is its citizens....way too many have closed minds or are blind followers. This forum gives us the opportunity to share our views.... but at the same time have a broader view or see it from a different perspective after reading the comments. We can learn a lot right here...but only if we open the window of our minds and allow fresh thoughts to enter and circulate. So many have entered this thread with closed minds...and would leave with their minds still shut...learning nothing. Do we have to agree with Kemi?...No... but at least say why and not just be an echo repeating what others are saying. To those who disagree with Kemi... if you can..let's reason. Does your bank approach you saying you are financially sick and offer you a loan? If they do.... would you accept the loan?...or would you become suspicious...419 alarm bells be ringing in your head? If you accept you are a fool... the type that leaps first and look after. No Third World country has become better after taking an IMF/World Bank loan...especially Black countries ....they are always worse. Kemi knows that.... snake oil salesman come knocking.. she says no..and you guys are upset. Abeg.... free yourself from whatever spell you are under.... political... religious... tribal... and let's focus on the messages and not the messengers...or we would continue to suffer as a nation for generations to come..

amtaken:
Orientation:
a person's feelings, interests, and beliefs.


In other words I need to change my feelings, interests and feelings?


Did you have to be re orientated during GEJ's regime?

That is your problem. You think everyone thinks like you. Unlike you, I know for a fact that Nigeria has never had a leader worthy of a vote. You all just support people blindly.