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Nairaland Forum / Nairaland / General / Politics / Recession: FG’s Non-Oil Revenue Shrinks By N134bn (10201 Views)
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Recession: FG’s Non-Oil Revenue Shrinks By N134bn by ivandragon: 2:09am On Sep 05, 2016 |
Revenue from exportation of food items and other non-oil products is fast shrinking with the latest report showing a drop of $438.82m in three months, IFEANYI ONUBA reports http://punchng.com/recession-fgs-non-oil-revenue-shrinks-n134bn/ 1 Share
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Re: Recession: FG’s Non-Oil Revenue Shrinks By N134bn by Popogri: 2:20am On Sep 05, 2016 |
Change! Kikikiki 23 Likes |
Re: Recession: FG’s Non-Oil Revenue Shrinks By N134bn by LMFashions: 2:30am On Sep 05, 2016 |
Nijieria for sale. Buy and get Osho's wife for free 54 Likes 1 Share |
Re: Recession: FG’s Non-Oil Revenue Shrinks By N134bn by Standing5(m): 3:40am On Sep 05, 2016 |
He said, “We have about $10bn stuck in one country or the other earned by our members. Some of them are not manufacturers; some are agriculturists or merchants of different products. 15 Likes |
Re: Recession: FG’s Non-Oil Revenue Shrinks By N134bn by Nobody: 3:46am On Sep 05, 2016 |
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Re: Recession: FG’s Non-Oil Revenue Shrinks By N134bn by aresa: 4:01am On Sep 05, 2016 |
FIRS' half-year non-oil revenue collection hits N2.43trillion Our non oil revenue actually almost doubled from last year's number... Take your kabukabu story back to where you get it from.... Back to sender... 11 Likes 1 Share |
Re: Recession: FG’s Non-Oil Revenue Shrinks By N134bn by aresa: 4:03am On Sep 05, 2016 |
IFEANYI ONUBA reports @ The highlighted...no wonder the usual sad and pathetic fake and fabricated doom and gloom anti Nigerian ipob garbage... 6 Likes 2 Shares |
Re: Recession: FG’s Non-Oil Revenue Shrinks By N134bn by lincolnj88: 4:06am On Sep 05, 2016 |
its dis really happening |
Re: Recession: FG’s Non-Oil Revenue Shrinks By N134bn by explorer250(m): 4:40am On Sep 05, 2016 |
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Re: Recession: FG’s Non-Oil Revenue Shrinks By N134bn by Standing5(m): 4:43am On Sep 05, 2016 |
aresa:Quarterly vs yearly? 4 Likes |
Re: Recession: FG’s Non-Oil Revenue Shrinks By N134bn by kenny987(f): 5:28am On Sep 05, 2016 |
The non oil revenue they are supposed to be growing? Economic disaster is all these dolts have to deliver! Some zombies must earn their pay by hook or crook sha. It has come to d point of comparing reports from Punch with Premium Times and d sole deciding factor is d name of d reporter for Punch. An Igbo man doing his job and certified by his bosses before going to print for onward publication is labelled IPOB because his report confirms d dire straits Nigeria has been plunged into by inept quacks in office. What ever happened to focusing on the message n not d messanger? Just when you think you've seen n heard it all they come again to idiotically shift goal posts, it's now on the basis of the name of the reporter! I pity some kind people cos their own don enter market! 71 Likes |
Re: Recession: FG’s Non-Oil Revenue Shrinks By N134bn by mrvitalis(m): 6:20am On Sep 05, 2016 |
I need an economist here to tell me if it is possible for weak local currency to slow export down From my basic economics... A time like this. . Local manufacturers will prefer to export and make more profit than sale locally... That's why garri is expensive.. . Most people now prefer to export cassava as cassava chips and earn 350 dollars per ton which is is over 120k thanks process to garri and earn 60k to 70k This report has for me no economics theory backing Tell me local production has slowed I will say yes. . For those who import raw materials. .. But if u source ur raw materials from Nigeria... Production is too sweet now. .. If I was in the management team of any company I will say we go to vertical integration That's the sure way to make much money now 8 Likes 1 Share |
Re: Recession: FG’s Non-Oil Revenue Shrinks By N134bn by aresa: 6:31am On Sep 05, 2016 |
[s] kenny987:[/s] We know ipob zombies have to do what they do best which is to always let us know how bitter, gloomy, angry and negative they are against Nigeria so of what relevance is your pointless, illogical and lame rant? 3 Likes 1 Share |
Re: Recession: FG’s Non-Oil Revenue Shrinks By N134bn by Paperwhite(m): 6:45am On Sep 05, 2016 |
Yet this government kept deluding itself with all its voodoo Buharieconomics. 12 Likes |
Re: Recession: FG’s Non-Oil Revenue Shrinks By N134bn by mightyhazell: 6:55am On Sep 05, 2016 |
Na tompolo boys destroy the non oil revenue too. Those boys don cripple non oil sector thru militancy,...no be duuarkpo fault at all at all 12 Likes |
Re: Recession: FG’s Non-Oil Revenue Shrinks By N134bn by 4Play(m): 7:20am On Sep 05, 2016 |
mrvitalis: The problem for exporters are varied. If they keep their dollar earnings abroad instead of bringing it back and converting it to naira, they see the naira value rise as the naira falls against the dollar. (So $1m in export earnings would be worth N400m whereas last year it would be N200m). If they also bring it back, there is no guarantee they will be able to take it out of the country given all the bureaucratic hassle the CBN has imposed. Also, with the divergence between the official and black market prices of the dollar, most exporters would see the latter as the fair market value of their export earnings, but there are all sorts of restrictions that may apply to them. Despite the announcement over floating the currency, the CBN still maintains undue influence over the exchange rate, hence the big divergence between the inter-bank rate and the black market rate. 21 Likes 1 Share |
Re: Recession: FG’s Non-Oil Revenue Shrinks By N134bn by mrvitalis(m): 7:30am On Sep 05, 2016 |
4Play:Why will an exporter want to take his money out of Nigeria? ?? 1 Like |
Re: Recession: FG’s Non-Oil Revenue Shrinks By N134bn by 4Play(m): 7:35am On Sep 05, 2016 |
mrvitalis: You might want to purchase something abroad or diversify your savings to protect against currency risk. Some exporters could even be foreign owned export bizs The irony of restrictions on capital mobility is that if you impose restrictions on taking money out, people will be reluctant to bring money in. What the government's policies have done is reduce diversification away from oil dependence. 13 Likes |
Re: Recession: FG’s Non-Oil Revenue Shrinks By N134bn by mrvitalis(m): 7:50am On Sep 05, 2016 |
4Play:No real investors will want to take money out of Nigeria... those people who do that are mostly foreigners who just want to rip off Nigeria 1 Like |
Re: Recession: FG’s Non-Oil Revenue Shrinks By N134bn by veekid(m): 8:20am On Sep 05, 2016 |
It's OK |
Re: Recession: FG’s Non-Oil Revenue Shrinks By N134bn by Jeel: 8:21am On Sep 05, 2016 |
mmmmmm |
Re: Recession: FG’s Non-Oil Revenue Shrinks By N134bn by Asylum(m): 8:21am On Sep 05, 2016 |
Sometimes I just close my eyes to dream and smile to think and believe I'm already in a better country, but woke up to open my eyes to the reality of hardship and creepy leaders...... I stopped voting because..... None is better but GOD. I stand for nigeria and I stand for my self. 1 Like |
Re: Recession: FG’s Non-Oil Revenue Shrinks By N134bn by eph12(m): 8:22am On Sep 05, 2016 |
Abeg abeg abeg it's too early in the week to be hearing bad news 8 Likes |
Re: Recession: FG’s Non-Oil Revenue Shrinks By N134bn by NNVanguard(m): 8:23am On Sep 05, 2016 |
Better policies to encourage expansion and revenue of the non oil sector is what we advocate for. Luckily enough we have come up with workable and pragmatic solutions to this challenge. Be part of this think tank to save our nation from ill minded selfish unpatriotic political gladiators! |
Re: Recession: FG’s Non-Oil Revenue Shrinks By N134bn by doublewisdom: 8:23am On Sep 05, 2016 |
Sai Baba! 4 Likes 1 Share |
Re: Recession: FG’s Non-Oil Revenue Shrinks By N134bn by Phonefanatic: 8:24am On Sep 05, 2016 |
Free fall. At some point your 250k house rent will become 350k Your daily expenses will triple School fees will double Food items will triple Job loss Only then will you know it may be time to go back to the village cos your 200k salary won't be enough to sustain your expenses. 1 Like |
Re: Recession: FG’s Non-Oil Revenue Shrinks By N134bn by Nobody: 8:24am On Sep 05, 2016 |
Is that not the non-oil export they were meant to develop? But all this talks about punch and premium times, if the media is that compromise it the citizen that will still suffer it. We r push farther from the government. Citizen won't know the true happenings. My bitterness is in this zombies n wailers... You are all retards! You are one more reason the politicians has power over it citizens when it meant to be otherwise. Eyin ode! 3 Likes |
Re: Recession: FG’s Non-Oil Revenue Shrinks By N134bn by Flets: 8:25am On Sep 05, 2016 |
Brace up Nigerians... Its coming. I was called a prophet of doom but its staring us in the face like in a mirror. IGNORANCE IS NOT AN EXCUSE. The suffering will be intense. 2 Likes |
Re: Recession: FG’s Non-Oil Revenue Shrinks By N134bn by doublewisdom: 8:27am On Sep 05, 2016 |
aresa:You must have a very sad life! Igbos are not your problem, your bitterness is inborn. 20 Likes |
Re: Recession: FG’s Non-Oil Revenue Shrinks By N134bn by trapQ: 8:27am On Sep 05, 2016 |
And some misguided fellows keep deceiving themselves that ND oil is now irrelevant and that the budget will be funded largely by proceeds from the non oil sector. Lmao 5 Likes |
Re: Recession: FG’s Non-Oil Revenue Shrinks By N134bn by Jimi23(m): 8:29am On Sep 05, 2016 |
Buhari is no different from the A-bokis selling kolanuts on the streets. His brainlessness and cluelessness has grounded Nigeria's economy. This is worse than Abacha regime. Who will salvage us from this mess? Its obvious now that Buhari only wanted to fulfill his ambition of becoming civilian President like Obasanjo. After that, he gives no hoot about anything else. That toothless bulldog. SMH for Nigeria. 5 Likes |
Re: Recession: FG’s Non-Oil Revenue Shrinks By N134bn by Ehins22(m): 8:30am On Sep 05, 2016 |
FG Plans To Revive National Shipping Line / 10 Obasanjos Cant Claim Lagos From ACN. / GEJ Is Yet To Visit The People Of Baga: Why?
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