GodwinBash:
Clueless presido. Na corruption war wey him sabi & nothing say about economy. From tomato ebola, dollar naira exchange, rise in market product prices, transport fair rise, petrol price wahala and nothing to say after one year in office. History will always keep these records of him.

Flets:


Wow... that's a lot of negative energy. Instead of the lots of ranting, why not do some critical thinking yourself?

The only hope for a united Nigeria is True Federalism.... That is the response to your question of what do we do about it.
Let me repeat... Buhari should implement the confab report and watch this our economy revitalize in 2 years. Its that simple if only you spend more time thinking than ranting.

Jayceo:


You are indeed a very wise individual and foresight driven. Your prediction came to pass. But whats the way out?

Pavore9:
I no longer moan over the exchange rate because it changes nothing, I have channelled my mental energy in making the best out of it......export is it!

Quakertellicus1:


So....what should we be doing differently, chief economist.?

Nigeria needs to get off oil....that is my solution.

Flets:
Nigeria is finished under Buhari. This was my post in March 2015 Below:






And the zombies called it threat, noise and all sorts of names. Today, its exactly their reality.

Quakertellicus1:


I have news for you.
Even without the bombing, even with true federalism.....we will still have a depreciating naira.
For the simple reason that oil is at $50 per barrel.....not at the $120 per barrel we need it to be to make the naira go to 114 to $1.
We don't have enough forex. And the irony is that zero bombing, true federalism= lower oil prices(due to increased production)=naira depreciates further due to lower amounts of orex.
What we need to do now is simple. Face the fact that oil money is not enough.....and get our economy free from resource dependency. Simples.

Ugosample:



He can do stuffs without the presidential approval. he is the DAMN CBN governor.......

Decryptor:


And tell me what it is you can export out of Nigeria which is viable in the International market without Customs still swooping on it and asking for their egunje?

Ralphlauren:


Even if dollar exchanges at $1000 to the naira, GEJ will NEVER EVER NEVER EVER AGAIN head this country as a president. DEAL WITH IT !!!

the earlier you, your likes and the f00ls bombing the pipelines realise this, the better

Ugosample:



He can do stuffs without the presidential approval. he is the DAMN CBN governor.......

Decryptor:


And tell me what it is you can export out of Nigeria which is viable in the International market without Customs still swooping on it and asking for their egunje?

Flets:


How does GEJ get into the discourse? are your comprehensionally challenged?

Ralphlauren:


you are f00lish.

didnt you mention GEJ in the useless rant you quoted from 2015?

didnt you state that the econmomy will crumble if GEJ was re-elected? ndi ara

doyinisaac:
You and your family might be finished...as for me I am not finished....u people curse yourself without knowing just to make point...

tiwiex:


lol @ the sarcasm. Unfortunately, you are right. We asked for it. Even though the CBN should be autonomous. That has not been the case. Everything is being run by body language who knows nothing about economics. e don't realize investors flee from countries where planning is almost impossible. no one knows what they will do te next minute. Scary.

onatisi:

Were u not in Nigeria when the president repeatedly made statements and announcements that he wont devalue the naira because he isn't convinced of its positive implications Stop making excuses for dullardihno ,buhari simply hasn't got the stuff to deliver. You cant give what you don't have

cckris:

Under Jonathan, Sanusi spent over 500 billion naira, without even informing the CBN Board. But not so under Buhari that is a totalitarian DICTATOR, that wants every Nigerian to come & beg him for any approval.

jeffoe:
i just hope they could channel the energy used in complaining to providing solution to the problem. if this country fail we would all surfer it directly or indirectly.

Quakertellicus1:


I have news for you.

Even without the bombing, even with true federalism.....we will still have a depreciating naira.

For the simple reason that oil is at $50 per barrel.....not at the $120 per barrel we need it to be to make the naira go to 114 to $1.

We don't have enough forex. And the irony is that zero bombing, true federalism= lower oil prices(due to increased production)=naira depreciates further due to lower amounts of orex.

What we need to do now is simple. Face the fact that oil money is not enough.....and get our economy free from resource dependency. Simples.

Pavore9:
I no longer moan over the exchange rate because it changes nothing, I have channelled my mental energy in making the best out of it......export is it!

Pavore9:


There are people at the port who know their way around. Let me cite an example, some of us in Kenya who bring in goods for sale from Nigeria, all we have to do is tell our contact person in Nigeria to have the goods dropped at a particular place within the trade fair complex in Lagos, the goods are weighed, about N450 is paid per kilo. Your contact person's duty ends there as every Saturday the forwarding company takes the cargo to the Airport then the following Wednesday we go to the shop of their partner here in Nairobi to pick our goods, paying 200ksh per kilo to clear it. No direct contact with Customs both in Nigeria and Kenya! Igbo guys run the forwarding business on both sides.

Flets:


Without getting into so much of your details, you want to get our economy free from resource dependency?... How do you get that under a unitary federal system that we practice today..... I am talking practical reality.

The only hope is true federalism, that is the only way we can be less dependent on oil. Let me break it down for you.

Under True Federalism, the governors wont be running cap in hand every month to Abuja for allocations. They will sit their ass down and figure out ways to make the states and regions viable. Every region is this country has resources and potentials to be great but there is no incentive or motivation to tap into these potentials where there is some free lazy oil money available for sharing in the name of allocation.

Let every people manage their potentials and resources and grow at their pace. Lets allow healthy competition across the various regions. That would drive tribalism and nepotism to the ground as we are not grappling for common resources. Niger Delta should be allowed to manage their resources and contribute some percentage to the FG.

Listen, nobody sabotages his own property. Militants will not bomb pipelines under their custody. Patriotism at the regional level will be galvanized for speedy growth. The gains are immense. Infact, no progressive democracy in the world practices the rubbish unitary FG system we run here.

Under True federalism, some regions might struggle for a while but Nigeria's economy will bounce back in less than 3 years and will only get stronger from there. Unfortunately, without true federalism..... Nigeria is gone forever.

Imagine a business partnership where a partner has sworn from the onset that such business will never succeed and sabotages every effort to make gains. No such business ever survives and that is the Nigerian case, Bokoharam will disturb a southern president while militants will disturb a northern president.

Decryptor:


Nice arrangement. So tell me, what sort of "goods" can someone actually send to kenya as you cited which is in high demand there which can rake in money? Are those goods food items, household wares, appliances? What are they?? I'm just curious

alakara:

how can I export agro products in a mini way

Flets:


How does GEJ never being the president of Nigeria again get into the discourse? Was anyone arguing that he would be president again?

So I ask again... are you comprehensionally challenged?

Pavore9:


l know some who bring in spare parts, hair extensions, shea butter, raw cocoa powder etc.

Decryptor:


Ok. Thank alot for the info

Flets:


Without getting into so much of your details, you want to get our economy free from resource dependency?... How do you get that under a unitary federal system that we practice today..... I am talking practical reality.

The only hope is true federalism, that is the only way we can be less dependent on oil. Let me break it down for you.

Under True Federalism, the governors wont be running cap in hand every month to Abuja for allocations. They will sit their ass down and figure out ways to make the states and regions viable. Every region is this country has resources and potentials to be great but there is no incentive or motivation to tap into these potentials where there is some free lazy oil money available for sharing in the name of allocation.

Let every people manage their potentials and resources and grow at their pace. Lets allow healthy competition across the various regions. That would drive tribalism and nepotism to the ground as we are not grappling for common resources. Niger Delta should be allowed to manage their resources and contribute some percentage to the FG.

Listen, nobody sabotages his own property. Militants will not bomb pipelines under their custody. Patriotism at the regional level will be galvanized for speedy growth. The gains are immense. Infact, no progressive democracy in the world practices the rubbish unitary FG system we run here.

Under True federalism, some regions might struggle for a while but Nigeria's economy will bounce back in less than 3 years and will only get stronger from there. Unfortunately, without true federalism..... Nigeria is gone forever.

Imagine a business partnership where a partner has sworn from the onset that such business will never succeed and sabotages every effort to make gains. No such business ever survives and that is the Nigerian case, Bokoharam will disturb a southern president while militants will disturb a northern president.