₦airaland Forum

grandstar:
Not following the herd will not make 1 +1=4

That's what he's doing and we can see the dollar scarcity and epic fuel scarcity are symtomic of bad economic policies

You can't defy economic laws and win!!

You can seemingly defy economic laws and win as long as you have a proper grasp of the variables. Malaysia rejected IMF recommendations and came out spectacularly on top.The keyword is vision and genuine understanding of the local variables.There is no quick fix for the Nigerian problem, we are actually talking about pushing the reset button here

Babalegba:
You can seemingly defy economic laws and win as long as you have a proper grasp of the variables. Malaysia rejected IMF recommendations and came out spectacularly on top.The keyword is vision and genuine understanding of the local variables.There is no quick fix for the Nigerian problem, we are actually talking about pushing the reset button here

Trust me: he's going to fail

DickDastardly:

. . . . . . . . to be continued. . . .
#APCStopPromisingStartDelivering

...expect it is going to be mutually beneficial and eventually, we will be talking to China about importing some of its own items from Nigeria so that the trading balance can be reduced. Will Nigeria benefit from this? I want to say Nigeria will benefit from it and put less pressure on the dollar and reserve.”

So, we never even discussed this most important aspect in any trade agreement? Ridiculous!

Lol, Nigeria.... we are our own problem, we tend to forget easily. I don't understand how corrupt ex-officials who are all above 60yrs would change party 1 year to election and automatically they become saints. PDP lost the last election because the Northerners felt cheated, they got the collaboration of the South-West and booted the last administration out. There is no administration without corruption. Corruption started way before PDP came into power but the APC which were formerly part of PDP now showed Nigerians what was really going on behind the scene. The coalition was not about change, it was just to take back control. The painful part is that we will be stuck with them for many years to come because I don't see them handing over power to any opposition even if they were to lose the election.
Anyway for I and my family we've checked out of this God forsaken country.

Shut d crap dude!

Amen, though 18 = 666!

Hmmmmm he said 2018 and you guys are shouting and crying how sure are u people that it will even be better by then? he was very economical with the truth by saying 2018. cus the suffering is till 2019 or else this government is removed before then. when we were telling you guys that this people will destroy Nigeria many called us all sorts of name now the government have confirmed what we predicted earlier.

truthspeaks:
Economy boom in 2018
Production of pencil by 2018
10,000 megawatts by 2018
Fuel scarcity to end by 2018

So dis govt is indirectly telling us to endure it's negative change for 2years. Biko if Nigerians hv migrated to other countries, who will enjoy their so called year of boom?.

Buhari n co hv officially confirmed themselves as a bunch of confused fellows.

Really if your thinking faculty is not shallow, you would realize that those big items on your list require a reasonable period to achieve..

Did your 32 grow over night??

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so u expect Nigerians to starve till 2018? u no well, u need Drugs

So emefiele can't tell us exact amount to be swapped & d interest rate & duration? Is the swap deal another moonlight tale or another epistle the presidency will refute later? From all the jargons he spoke that is the only part that seems of a short term solution yet its shrouded in secrecy as if its an occultic agreement where t&c are not to be revealed. That prophet predicting 2018 should better go and start a church & resign as the CBN governor cox we need technocrats not prophets in CBN affairs.

It's obvious things would b better in 2018 cos the following year is 2019 election. They know Nigerians have short memory. After 2019 election, things would be worst again. I know for sure d APC Govt would work better in 2018 just to deceive us and win election in 2019. Nigeria wake-up!!!
I've known this b4 now. APC don't have anything for Nigeria. They're the same thieves.

I wonder where this clown studied his economics, when he cant even plan for 2016 and 2017 he s talking of 2018 , ofcourse by then he wont be the cbn governor. What a joker.

Since when did you become a prophet?predict ko prophesy ni,God will judge all of una carelessly

The same Redeemed Economics he used blindly allowing public officials to carry forex hard cash out of the CBN loting Nigeria dry.. this man should go back to his church

Heheheheee Yes towards end of 2018 when they need votes from the masses, once beaten twice shy. Only a fool can make a mistake twice.

Typical Zombie o zombie. E pain am. U jst confirmed dat buhari n his clueless fellows r confused n visionless....hw d fuel scarcity in ur area . Hp black market de supply u #ode

Fury007:
Really if your thinking faculty is not shallow, you would realize that those big items on your list require a reasonable period to achieve..

Did your 32 grow over night??

Adesiji77:
http://www.thisdaylive.com/index.php/2016/04/18/emefiele-predicts-economic-boom-for-nigeria-in-2018/

Why do you have to wait till few months before 2019 election...

truthspeaks:
Typical Zombie o zombie. E pain am. U jst confirmed dat buhari n his clueless fellows r confused n visionless....hw d fuel scarcity in ur area . Hp black market de supply u #ode

I drive in and buy fuel where i reside.. Outside Nigeria. I feel your pain but i won't pander to your senselessness.

omonla555:
If you wish Nigeria bad, you will surely not make it to 2018. As for me and my household and other Nigerians reading my reply to this doomed fellow, we will make it beyond 2018 in Jesus name.

I don't usually do this, but my brother you no dey see? stop being religious for everything.

who say you and your household no go see 2018?

Somebody is saying 2018 when we need a miracle 2016.

I wondered how many Nigerians will be alive by 2018 to witness the economic boom promised by Governor of the Central Bank of Nigeria Godwin Emefiele with the present state of economy. Why wait til 2018 when hardship occasioned by your mismatch of fiscal and monetary policies and policies directionless would have greatly reduced the population? Tunde Braitwait has gone, Elushi has gone ,and thousand of Nigeria killed daily by hunger, Fulani armed herdsmen and accidents on the road etc. Who will remain with no electricity, no fuel, no work, no forex for transactions? Godwin Emefiele stop deceiving Nigerians.

Since u r not feeling d pain wit us Nigerians n u cnt empathize wit us, stop spewing rubbish u know nothing abt. If u dnt knw wat we r facing in d country right now, pls ask ur family members dat reside here. Am sure they will take out their frustration on u if u repeat ur earlier comment to dem.

Fury007:
I drive in and buy fuel where i reside.. Outside Nigeria. I feel your pain but i won't pander to your senselessness.

That na if Nigerians go fit survive till 2018 the way things are going. My trouser waist don reduce from 38 to 34. My eating fomula before na 1-1-1. Now na 0-0-1. Sometimes na 0-0-0.

truthspeaks:
Since u r not feeling d pain wit us Nigerians n u cnt empathize wit us, stop spewing rubbish u know nothing abt. If u dnt knw wat we r facing in d country right now, pls ask ur family members dat reside here. Am sure they will take out their frustration on u if u repeat ur earlier comment to dem.

Nah.. They are mentally strong and intellectually deep, and they have have not lost it like some people..

In other words, they r suffering n smiling . Guy go sit n leave we dat r feelin d economic pains express ourselves n vent our anger on dis real clueless govt dat cnt provide d basic tins n cnt even maintain wat d so-callled corrupt Pdp handed over to dem.

Fury007:
Nah.. They are mentally strong and intellectually deep, and they have have not lost it like some people..

omonla555:
You will make it beyond 2018 and many more years in Jesus name. Your faith is sufficient.

Amen! Thanks and God bless.

Babalegba:
You can seemingly defy economic laws and win as long as you have a proper grasp of the variables. Malaysia rejected IMF recommendations and came out spectacularly on top.The keyword is vision and genuine understanding of the local variables.There is no quick fix for the Nigerian problem, we are actually talking about pushing the reset button here

Nigeria too has refused IMF recommendations before and gotten off unscathed. The IMF is not GOD but most importantly, why was Malaysia able to ignore the IMF?

Malaysia's snob was well publicised because there were 3 countries in deep crisis then: Thailand where the crisis started from and Indonesia and Malaysia that got infected. It is referred to as the Thai contagion.

Indonesia and Thailand had massive foreign short term debts while Malaysia was relatively free of foreign debt.

It was in a better position to spun the IMF. The other 2 would need the IMF to bail them out of their foriegn debts even though many were owed by the private sector.

Also, Malaysia has a very financial sector that is flush with a lot of credit. It is highly rated in this regard in Asia.So it had much stronger buffers than Thailand and Indonesia.

As for Buhari however, the man does not know what he is doing. Stop praising charlatanism.

You can't just wake up and set the exchange rate. It does not just fall from the sky. It is based on fundamentals.

People do not like devaluations. That holds no water dear. Devaluations are symptoms of a problem and not the problem itself! Its like having headache caused by Malaria and you are only treating the headache. The headache will persist

That is what Buhari has done. Though he has fixed the exchange rate, it has crashed at the black market.

You need to understand exchange rate that is fixed is an expressed promise that the FG will supply as much forex as required at that price. This the government has failed to do. This is a breach of contract.

Also, the exchange rate is set by market forces. It is silly to think your forex income is declining rapidly and the value of your currency will remain the same. The joke is on him.

Now, the forex scarcity is exacerbating the fuel wahala. There is no forex for private marketers to import petrol and augment government efforts.

Also, with Nigeria bordered by CFA countries where petrol is smuggled to, the devalued naira makes it ridiculously cheap there and super lucrative to smuggle across like never before.

The local price in naira is probably half the price it was in CFA last year.

The economy is doomed!