₦airaland Forum

Inception:

The comments of some folks on this thread brings to reality the consequence of serious intellectual laziness , indolence and lethargy, especially among our youths(unfortunately).

How can someone open his smellymouth to say that he/she cannot read such an insightful and educative post by the OP and is asking for a summary?

This is really sad!

tee10:
This will not FIX all the problems with the economy

We still have deep structural problems, power, transports road etc and a system of govt than will lead to failure even with d best of intentions


After a year of experiments, using Nigerians as lab rats, hundreds have lost there jobs Buhari is finally listening

Like feyi said in ds article PMB is back in office a second time to LEARN economics

Hope he will EAR now when sound advice is given

pimplucious:
The first couple of people to coment on this post has nothing to say other than "the post is too long" this goes to buttress the saying that "Nigerians don't read"

The post is so Brilliant I had to read it twice btw.

einst3in:
I am now getting a bigger picture of the whole forex policy. However I tend to disagree that the whole one year was entirely an experiment. My reason thus. Say you are in a store and you see a watch you like and you were told it's $200 and you pay upfront without bargain. if you price another product right there, the likelihood that the storekeeper will inflate the price is high since he believes you can afford it. Had it been the Naira was floated ab initio, the exchange rate will have been more since we have not bargained and bargained.

bolt000:
Summary! This Ish Too Long. I Weak Sef.

TheGoodJoe:

This is why countries with floating rates have the most stable exchange rates over the long term. It sounds counterintuitive but when you know the rate is determined by the market, it forces you to innovate in ways that reduces risks to manageable levels.

TheGoodJoe:

This is why countries with floating rates have the most stable exchange rates over the long term. It sounds counterintuitive but when you know the rate is determined by the market, it forces you to innovate in ways that reduces risks to manageable levels.

atirolu:
Haven't carefully read this piece I came to conclude that this new policy is a test that doesn't have any economy policy direction ( try and error policy) it may fail and it may succeeded in solving part of the economic problem. That is if the dollar go so high nigerian will shift based to locally made product. That's doesn't mean politicians wouldn't send their children abroad to school anyway.


That is my little understanding of the police don't quote me

modath:
Which one of the highlighted is novel?? Which one of them did this administration cause?

Did we not have same problem even when oil was trading at $100+ & sympathisers of the past regime used the free flow of proceeds of corruption to insist the economy was at a 100?

My point isn't about turning Nigeria into a fully industrialized nation in a few months but at least the "hardship" & "poverty" will reduce a bit!!

OlujobaSamuel:
thanks for this. I wanted to post same, but I deliberately refrained from doing such, because I'm a little biased towards this government, so most will not see it objectively, they will just start throwing thrash at you and you get fed up of stupid mentions.
throwing out such policy then would have been wrong because we are all humans, we will definitely find a way around the rule. This also has its shortcomings, some of which I highlighted in my previous post. let's just hope we are interested in making it work

obailala:
Contd...
https://aguntasolo.co/the-price-club-the-new-nigerian-naira-6e9613715acb#.fm5meaqgo

A very long but expository article for those who can read. This is quite an educative piece which could benefit a larger audience.

In the club, these FXPDs are the guys who will sit in the VIP section with CBN. If forex is champagne, these creatures will be served first before anybody else. But don’t panic, this is a good thing.

I fear those VIPs.

ATEOTD, how we back this up with pragmatic fiscal policies, will either make or break us.

mondbest:
Someone should summarize the full story for me please.

modath:
*sidebar*.. Feyi is no fan of Dangote, he gave him the Alhaji Putin appellation.

obailala:
lol... I have never met Lala before, neither am I aware of any relationship with Lala; and I'm not sure oga Lala is a 'madam.' Why do you ask?

obailala:
A very long but expository article for those who can read. This is quite an educative piece which could benefit a larger audience.

Gten:
Nyc piece, frankly I got a clearer picture of the CBN policy from this article. Just wish this Government would accept they are part of the economy's problem with their "experimental governance". But, what do I know, they have a past president to blame.

JUBILEE2000:
what an educative write up. The simplicity of language, the presentation and in depth analysis makes it a masterpiece!!!!. God bless you my brother.

please I want to know if people planning to study abroad still stand any chance with this new policy. Ur reply will be appreciated.

Inception:

The comments of some folks on this thread brings to reality the consequence of serious intellectual laziness , indolence and lethargy, especially among our youths(unfortunately).

How can someone open his smellymouth to say that he/she cannot read such an insightful and educative post by the OP and is asking for a summary?

This is really sad!

Inception:

The comments of some folks on this thread brings to reality the consequence of serious intellectual laziness , indolence and lethargy, especially among our youths(unfortunately).

How can someone open his smellymouth to say that he/she cannot read such an insightful and educative post by the OP and is asking for a summary?

This is really sad!

esoorita:
You hit the nail on the head mate. I'm appalled by the mental laziness of an average Nigerian. If these lots demanding summary finds it extremely difficult to read an educative piece, may the good Lord deliver them from their ignorance. Amen.