₦airaland Forum

when u talk of diversification and u talk Agric remember the crop with the least duration is vegetables
fluted pumpkin, green,ewedu,spinash et al

class two: orchard farming (fruits: cashew, mango,pineapple, orange) this can b processed into concentrate and exported #forex
2-4 years duration

class C : cash crops(cocoa,bittercola,groundnut,ginger,) this should not be exported raw but processes a bit to provide job and we can earn forex from this too

The only solution is to generate 170 million mega watts of electricity and everything will take shape. That is, 1 mega watts of electricity will be dedicated to each home and thats it.

dunkem21:
You hit the bulls eye and if Buhari doesn't listen to you, we will sink deeper.

Did you understand the concept of TSA at all?
TSA is the best thing that has happened to Nigerians. Hw did you think we'll survive with d current oil price while d country depends solely on oil. TSA help government to earn more money.I believe diversification of d economy is d best option out of the present predicament. Forest should also b open for cocoa n rubber planning esp. in d SE regions. God bless Naija.

dunkem21:
You hit the bulls eye and if Buhari doesn't listen to you, we will sink deeper.

Did you understand the concept of TSA at all?
TSA is the best thing that has happened to Nigerians. Hw did you think we'll survive with d current oil price while d country depends solely on oil. TSA help government to earn more money.I believe diversification of d economy is d best option out of the present predicament. Forest should also b open for cocoa n rubber planning esp. in d SW regions. God bless Naija.

malosky79:
Did you understand the concept of TSA at all?
TSA is the best thing that has happened to Nigerians. Hw did you think we'll survive with d current oil price while d country depends solely on oil. TSA help government to earn more money.I believe diversification of d economy is d best option out of the present predicament. Forest should also b open for cocoa n rubber planning esp. in d SE regions. God bless Naija.

TSA killed banks..

omogin:
Buhari should swallow his shame and stop TSA meanwhile. The economy needs all those monies hidden at the CBN to bubble back to life

You have hit the nail on the head

While the introduction of TSA is a good move to reduce corruption,it has created a problem in the banking sector as,accounts have been closed,money available for banks to transact business has also reduced,interest that would have been generated is been lost as the TSA is just a dommant"account.Again can anyone help us tell buhari that the focus on Agriculture is just too myopic,the world has moved beyond that stage,industrialization,and a service based economy is the key,The operating profit of google and Amazon in 2015 would fund Nigeria's budget conveniently..The government should also focus on Education and research,the world is now knowledge driven.

malosky79:
Did you understand the concept of TSA at all?
TSA is the best thing that has happened to Nigerians. Hw did you think we'll survive with d current oil price while d country depends solely on oil. TSA help government to earn more money.I believe diversification of d economy is d best option out of the present predicament. Forest should also b open for cocoa n rubber planning esp. in d SE regions. God bless Naija.

brother TsA isn't that good for a developing economy,have explained why in an earlier comment,you can check it,and do you think the government is supposed to be the highest employer of labor in a sane evonomy,just imagine how many jobs Facebook,Twitter,google,Microsoft,Amazon,and LinkedIn has added to the US Economy..and that's just the IT sector alone o

Nothing concrete can be achieved until Buhari settle with Niger Delta because stability and peace in the region has a direct correlation with Nigeria economic stability.

lust, the carnal desires of man, is the source of all of mankind's problems...Mankind; across race, religion and rank, is where it is today because it feels it is free to satisfy whatever desire that crosses the heart...the day mankind learns, lives and loves the sacrifice of self, is the day history stops and eternity begins...

xprezboy:
it must start from you

finally somebody who gets it

Seened:
The Nigerian economy is heavily dependent on crude oil sales. Price goes up the Nigerian state smiles to the bank. It crashes they panic. God knows the word 'diversification' has become a cliche in Nigerian economic discourse but it still remains the way to go.

An economy like Nigeria's mostly consumes mass goods that are imported. This needs to be gradually reversed. Nigeria needs to locally produce most of what she consumes.

EscapadeNg honestly I am more concerned about how the average middle class or poor Nigerian is adapting to this hard time. The elites albeit affected too can still meet their basic needs. What of the less fortunate?

our economy depends heavily on Agric. Get your facts right. It's govt that depends on oyel
People need to start using the cheap education they claimed to pay through their nose for.

Less fortunate should use their brains

EscapadeNg:
Nigerians are very creative, I trust we get through this hard times with ease. Agriculture is the only way out but I ask myself can plant cocoa today and harvest tomorrow, if not what will happen to a larger percentage of Nigerians who are living in abject poverty. Our government is sleeping... But I trust the NEEDS strategy if implemented will revive Nigeria Economy. I will share a summary of the strategy policy later today and as individuals, we can begin to implement some. I hope 1 Naira will truly equal to 1 dollar.

best time to plant a tree is 4 years ago
Next best time is today
Td poor can do it or keep complaining 4 years later
1 naira to 1 dollar is not the issue
It's what the 1 dollar can do that matters

Bonapart:
You guys are now truly challenged by Osubande ordinary commissioner. During the time of Gej nobody came up with such because things where going smoothly that we even claim top spot in the economy. Enjoy your changes people. Next time Nigeria will never make such mistake.

there should be exam before ppl like this are allowed to vote

nefertitiram:
If all of us can stop asking what the govt can do for us and do for ourselves.

D govt has failed us, yes, so won't we survive?

The economy is a theory. All of us should find ways to become self sufficient and attract income in foreign currency. Then our collective wealth will become the sovereign wealth.

The united states economy was built up by mom and pop businesses that have become empires. They don't have as much resources as we have so they looked inwards.

So it's time to shut up, stop complaining and act

our brain finally Don de reset

ofemigeorge:
1.Entrepreneurs and skill gathering.
2.Practicalizing all we know.
3.Inferiority complex should be aborted. (Made in Nigeria)
4.For every end of every prayer,say GOD BLESS NIGERIA AND ALL THE PEOPLE WITHIN.
5.Encourage your struggling,hardworking brother(neighbor) and stop hating. So the good ones will not go into hidding.
6.Diversification ...stop coping and pasteing. Seek and work on something different.
7.The government should focus on the youth and listen to what they have to say. Finance their ideas. A nation without youthful ideas is dead for the future.
NEVER SAY NEVER anything is possible with unity.

you're on your own
If you like be waitin for encouragement

dhardline:
The major problem we still have is that we import so much more than we export. So it boils down to the government to encourage those who import this goods to try and manufacture them locally.Give them affordable land,0 interest loans,low tax rates etc just to help them build and stand firm,this way they will gladly prefer to produce locally as this in turn will creat more jobs but instead what do we get from the government! High and multiple taxes, ban ban ban, oppresion on all fronts. Infact we have a long way to go in this country.

The only business being encouraged now by this government is cattle rearing and we all cant be cattle herders.

when ppl are looting left right and centre and you eediots defending the looting how can they release money

edlion57:
I'm not in support of kicking out the President but arresting him for stopping the progress good luck started..
This man is tooooo old for the system now...apc or pdp can't save us now... Let vote any good young candidate that is willing to come for debate during campaign..
Not by carrying brooms and umbrella ...like witches

what did the fisherman start
Cassava bread we no see
Rice we no smell
You're too funny

folks4luv:
I understand we need to contribute our individual quota but the fact still remain that the largest buck is on the table of the federal govt, as far as u are not as big or huge as dangote and co, the government will determine how far whatever business u are setting up will go, economy policies will determine ur pace and success rate. people should turn to agriculture right? good, let's talk about things that are needed to have a flourishing farm nd how the government controls and affects them.
tuta absoluta is wrecking havoc on tomatoes, price of fertilizers have gone up if not doubled. we may decide to put it in individuals, the truth sill remain, we need a smart government with sound economy policy.

nothing concine gwament with private biz

eyeview:
Nobody should ask me how we should save the economy cos some people claimed that they knew how if we vote them in.
The people that put it in this mess should first of all be removed.

they do
Everyone does
It whether the will do it that remains
But we're sure pdp never will

Shortyy:
yea, it starts from YOU. but will they give YOU the opportunity to bring up ideas? instead of employing people with ideas that can move the country forward, they'd rather employ their friends and family members.

yes
It's called writing proposal
The ppl with ideas refused to participate
Stop making excuses

What does enugu export
Stop fooling yourself

onyenro:
When you voted a man who has been docile for 30 years collecting his pension to become president... What should you expect?
In 30 years, he wrote no single book, no memoirs, headed no company.. Did absolutely nothing and then you handed an economy worth 100 trillion to him and you expect growth?

First step is he should step aside, then the next person would have to restructure the polity... Anambara is an example of a state that us doing absolutely well despite the others crying wolf over monthly allocation.

For those shouting export.... How do you expect Enugu state to export only to be shared with a lazy kogi?
Restructure the polity and economy will move out of recession in two weeks

Abugab:
Simple ways to go:
1. Produce more locally
2. Consume less foreign products and services
3. Govt should massively subsidize local production and manufacturing
4. Offer a single sigut loan to entrepreneurs on small and medium businesses
5. Nigerians must develop the will power to succeed and abhor ostentatious lifestyle which has been our problem too.
We either diversify and encourage home produced products or we simply continue in the vicious circle.

grammar

omogin:
Those who muted the TSA here, knew it isn't for a depressing or depressed economy. That's why dey stayed action. The certificateless one however jumps into the fray, trying to play to the gallery, deprives the commercial circle the much needed funds to keep afloat. The USA spent their way out of the last recession, didn't they? Propaganda won't do what spending should do

when they had the funds for 50 years what did they do with it? Financed 30 90 day imports.
Abegi mowu hia word

sholatech:
1. We should have bank access to public funds again. We should suspend TSA this recession period. Banks need more liquidity to provide loans to real sector.

Banks have had funds for 50 years
No result
Jus sponsored imports



2. Govt needs to inject loads of money to targeted infrastructure. Power and Transport are critical. It's well tested that we need to spend our way out of recession.


We de look fashola hand


3. Rice, Tomato, Wheat import substitution by ensuring full local production.
[b]

Awa ppl no wan farm

[/b]4. Good Naira is now floating. Pmb should forget the stupid currency peg with no sufficient reserves to back them up.
[b]
Agreed


[/b]5. Then raise salaries. Purchasing power Must go up to recess recession

story

Reference:
Public works to build the infrastructure that reduces the cost of living/business. That is the only way to turn an economy around.....and I'm not talking about Chinese rails or Julius Berger bridges, all leading to net capital flight. I am talking about mass manpower, 100% local content, low tech projects.

Identify an area of competitive advantage such as agriculture and build every sort of infrastructure to support it, rural roads, irrigation canals, storage and processing facilities, etc.

such as

olami100:
one of the reason why I love debate among presidential candidate.. check out America, there presidential candidate are subjected to rigorous debate where each candidate will propose and criticise each other policy on economy, security and many others..
back here in Nigeria nothing of such only to propose fake promises. promises that cant be fulfilled.. honestly Here in nigeria we don't have leaders .. what we have are power mongers who play politics of hate, tribalism, religion and are good at imposing sufferness on their countrymen!
my advice to this present government is to look for ways to tackle these present challenges by strengthening the naira, bringing foreign investors to invest in nigeria., investing in agriculture, reduction in tax, provide massive employment and ensure security.. these things are not difficult to do my fellow countrymen. our present government lack good economic policy .

do you even know this govt economic policy? How can anything get done when ppl believe they can steal and nothing will happen

ITbomb:
Do you know that the person who made that bolden statement had already provided fairly stable electric power and working transport system for the citizens?

I am into SME setup and financing, 80% of startups fail because of electric power expenditures. The US may not have had as much resources but they had a good supporting environment for the citizens to act.



No it's starting business that requires power in a country with no power
Bad leadership entrepreneurship




Nigerians are not lazy,



Most are
Difference between hardworking and desperate



we are the most enterprising people in the whole of Africa, if we can achieve what we have now with such disappointing power situation. Imagine what we would achieve if the government could just shut the Bleep up and get the system running efficiently

if we were really hardworking we'd find a way to bypass govt

mecussey:
The only solution is to generate 170 million mega watts of electricity and everything will take shape. That is, 1 mega watts of electricity will be dedicated to each home and thats it.

the USA generates 1 million. Don't talk like this in public

dunkem21:
TSA killed banks..

were they ever alive. Dumbass cash houses

Longman6:
While the introduction of TSA is a good move to reduce corruption,it has created a problem in the banking sector as,accounts have been closed,money available for banks to transact business has also reduced,interest that would have been generated is been lost as the TSA is just a dommant"account.Again can anyone help us tell buhari that the focus on Agriculture is just too myopic,the world has moved beyond that stage,industrialization,and a service based economy is the key,The operating profit of google and Amazon in 2015 would fund Nigeria's budget conveniently..The government should also focus on Education and research,the world is now knowledge driven.

Agric is a very small but very vital link in the chain and also a quick win while developing manufacturing.
Does Amazon ship breeze or tangible products produced somewhere.

mikolo80:
yes
It's called writing proposal
The ppl with ideas refused to participate
Stop making excuses

who has refused to participate? smh. Do you know hlw people struggle every damn day writing proposals and looking for sponsors? and the so called govt officials turning them down? you just sit comfortably in your house and type wareva that comes in your mind. The people are trying, just that the govt don't care about them.