₦airaland Forum

Empiree:
Thats the problem. They don't want to return to farm. Everybody wants "office jobs" with suit and tie. But I think govt should provide incentive to farmers to bolster local workers. If they continue this way, it is finished. Nigeria should never be importing food for that matter.

I think ban should be on imported food rather than cars (at least for now). This should encourage folks to return to farm.

I quite agree but what of this ? Why don't the president offer banks incentives so loans for food production can be easily acquired ?

Why don't we work on the projects and reseach documented in Journals that our varsities have been reaserchin on for decades ?

Why don't we encourage farmers to get long-term loans they can pay in say 20years ?

Why don't we give free duties on Agricultural implements ? Try importing a tractor and see what customs would slam on it

sai buhari till 2019

Don't worry guys, it's good travel abroad earn money send to your Nigerian account...

Pls,how is the CEFA to NAIRA at the black market?.

General Cassandra doing what he knows best.

LoveMachine:
It has everything to do with this thread. We don't earn major forex from any source other than oil. With the decline in oil price world over the Naira took a major hit but with the attacks on installations the Naira has been crippled. We import but don't export. The imbalance is being felt.

Well part of leadership is to calm frail nerves and resolve crisis across the land. GEJ was lambasted over Boko Haram. With everyone knowing that both Boko, their local & international backers were all specifically against a Christian president & sought to frustrate him. Even APC leaders including Buhari said GEJ should not bomb Boko. "Fighting Boko Haram is fighting the North" Buhari said then. Until the international outcry over Chibok girls that Buhari wanted to cash in on, he never said anything against Boko. He wanted money/amnesty given to Boko like creek militants. He said it openly.

BUT oil flowed because beginning in Yar'Adua's tenure, Jonathan personally went to the creeks to discuss with the militants. Bombing drastically reduced & oil/money flowed. Oil did not flow by magic, but through efforts of FG of Yar'Adua and later of Jonathan's FG.

Why can't Buhari make oil flow? Is it not his job to pacify or win the militants?

AroOkigbo:
..and who's responsible for the protection of pipelines?
Is the country's chief security officer actually doing his job?
.
.
#z.o.m.b.i.e.s should stay clear of my mention.
I'm annoyed! !

Zombie? That's just sad that all you can do is throw an insult to feel accomplished. But I'll respond with an intellectual response rather than aimlessly spewing digital vitriol.

Now when PMB goes to the creeks to bust heads and protect the pipelines people complain and say he is militarizing the region and he is being a dictator. When he negotiates he is said to be clueless by bowing to the demands of the ND. Which way? The goal posts seem to keep moving. Do they want peace? Do they want war? Do they want progress? Do they want us all to suffer? What's the next move?

Dc4life:
My fear is that it has fallen to a level that it may never rise to its former position.

And the worst is that it is still falling.

And

Ironically I am praying that the exchange rate should continue rising because it is more money to me..such is life...

that's my greatest fear however, turkey had same issue so years back but we're able to successfully crash the dollar. How,? Easy they looked inwards and not outwards that's y people travel to Turkey to shop.

XX01:
Economists in the house, do you see us getting out of this freefall anytime soon?

Can the price ever go up again or we are stuck on this level regardless of whoever is our leader?

Eku recession o ma.

Only 6.5 years more to go, till 2023.
It is well.

so why do you care about dis dollar thingy unless your dat kind of Nigerian who even imports his toilet paper.
If you like don't but your own countries products because your politicians don't as Well, but you should not complain about d naira falling

AreaFada2:
Well part of leadership is to calm frail nerves and resolve crisis across the land. GEJ was lambasted over Boko Haram. With everyone knowing that both Boko, their local & international backers were all specifically against a Christian president & sought to frustrate him. Even APC leaders including Buhari said GEJ should not bomb Boko. "Fighting Boko Haram is fighting the North" Buhari said then. Until the international outcry over Chibok girls that Buhari wanted to cash in on, he never said anything against Boko. He wanted money/amnesty given to Boko like creek militants. He said it openly.

BUT oil flowed because beginning in Yar'Adua's tenure, Jonathan personally went to the creeks to discuss with the militants. Bombing drastically reduced & oil/money flowed. Oil did not flow by magic, but through efforts of FG of Yar'Adua and later of Jonathan's FG.

Why can't Buhari make oil flow? Is it not his job to pacify or win the militants?

Bros i concur, in the line of thought let me continue, now Emir Sule Laido was part of the crisis, key figures in Financial sector musn;t give the notations the liks oh himself were doing, it spooked the nation and rather than government that came in to increas spending to cushion the impending shockwaves, the government rather became conservative..forcing industries to adopt the cautious or frozen state, the same for the stock market, the same for the FDI, I wrote a tthesis on macroeconmics, how oil prices causes tremors in Nations like Nigeria for a client on Saturday bros the figures i saw, everything started falling from Buhari... I still have the file on my PC in fron of me now..

Investor confidence is low

Gala will soon become 200Naira don't worry guys

LoveMachine:
Don't cry if you cheered the destruction of pipelines. This is the result.

Did u cheer the 97% 5% comment? Buhari caused that. That statement pretty much says. I will take ur money to take care of my own people. So, they lose nothing because it would have been spent up north. Buhari supporters love to avoid d root cause. The statement was not presidential at all.

freeze001:
Don't cry if u cherry n supported the election of the ignorant bigot in office, this is just a bit of the results.

The ignorant bigot who marched with Ojukwu? Really? We're still playing that card! We have some the most important ministerial portfolios but he's a bigot? STOOOOOOOOP!

[img]https://1.bp..com/-jG-Pi6nmOAw/V2u6ylqWpMI/AAAAAAAAU_c/d7u8ii-v3FgUgYadst-7Ho4_UTH6HxzWgCLcB/s1600/buhari%2Bigbo%2Battire%2B%25282%2529.jpg[/img]

https://nigeriaworld.com/images/news/big/politics/buhari-ojukwu220.jpg

https://newsrescue.com/wp-content/uploads/2015/11/Ojukwu-BuhariNgige-Babangida-Oji-Kalu-at-Igbere-Ezumezu-2005.jpg

Go on Nigeria.. in just 2016 you invested close to 200Billion exploring for oil in the North, well done Nigeria, well done

LoveMachine:
Don't cry if you cheered the destruction of pipelines. This is the result.

Bad policies, root cause.

LoveMachine:
Now when PMB goes to the creeks to bust heads and protect the pipelines people complain and say he is militarizing the region and he is being a dictator. When he negotiates he is said to be clueless by bowing to the demands of the ND. Which way? The goal posts seem to keep moving. Do they want peace? Do they want war? Do they want progress? Do they want us all to suffer? What's the next move?

Don't mind them abeg, they don't know what they want except to blame PMB for the woes of the naira today forgetting that even if oil production is still as high as it was before, the naira will still fall

Because

No savings
Lower price leading to lower export and fewer dollars in our coffers

toprealman:
Bad policies, root cause.

Help us educate them o... Help us

The impact oil price shock on stock market performance of Nigeria

Nigeria, a member of OPEC and one amongst the top 15 oil producing nations on the earth relies on oil as it remains a critical source of revenue for the country. With over 90% of the revenue Nigeria generates, it is realistic that any shock waves in the price of oil will affect the entire economic structure in the country, from prices of commodities to stock performance, it is expected that the direct correlation that exists between stable price of crude and the stock market will be tested massively in the event of any price instability of crude, this review is an assessment to examine the effects of oil price instability on the overall stock performance of Nigeria.


THE EFFECTS OF OIL PRICE INSTABILITY ON THE STOCK MARKET PERFORMANCE OF NIGERIA A CRITICAL REVIEW

supersystemsng:
I quite agree but what of this ? Why don't the president offer banks incentives so loans for food production can be easily acquired ?

Still in agreement with me. We sayin the same thing.

Why don't we work on the projects and reseach documented in Journals that our varsities have been reaserchin on for decades ?

This is another subject. Food comes first. Americans dont play with food

Why don't we encourage farmers to get long-term loans they can pay in say 20years ?

Incentives comes before this. They can repay loan they cant afford

Why don't we give free duties on Agricultural implements ? Try importing a tractor and see what customs would slam on it

Good idea. Nigeria still has hope so long as many think like you

HOW THE OIL PRICE INSTABILITY AFFECTS ECONOMIC INDICATORS

Stock Price : As oil price shock causes strained economic climates, the stock exchange market isn't spared. Portfolio investments into Nigeria's stock market declines steadily during any oil price shock. In 2015, the stock market declined by 28.5% .

Investor confidence declined significantly in 2015 as capital outflows were as recorded, the stock market decline to the sum of over 750 billion naira, 28.5%. The entire portfolio investment in the nation was valued at 1.8 trillion Naira in 2015 a reduced value from 2.5 trillion Naira the previous year.

Statistics also revealed that Foreign Direct Investments ( FDI ) declined by a staggering 32.5% or 507 billion naira in 2015. Domestice FPI
Decreased over 21.25% or 238 billion Naira unlike the previous year. Outflow recorded was 545 billion Naira unlike the inflow recorded that stood at 450 billion Naira.

Statistics further reveals that corporate component of the market valued at around 46.65% in November rose to 66.87% by December, while the retail composition declined from 51.84% to 31.35% during the same period. When compared against December 2014, corporate component decreased from 73% to 68% while the retail component rose from 26.99% to 33% in the same timeframe.

The Nigerian Stock Market, NSE shrunk by 18.1% of it's value in 2015 and recorded over 22.8% by January 2016. Investors dumped their stock portfolio as speculations about economic stability intensified, in response to the Central Bank of Nigeria's decision to devalue it's currency, more and more investor dumped their portfolio in the stock protfolio of Nigeria to seek greener pastures elsewhere.

The more we keep playing tribal politics, the more we threathenour future, Nigerians leave ethnic leanings and speak the truth.. I rest my case

Empiree:
Still in agreement with me. We sayin the same thing.



This is another subject. Food comes first. Americans dont play with food



Incentives comes before this. They can repay loan they cant afford


Good idea. Nigeria still has hope so long as many think like you

Trust me bro not many think like i have a blueprint to feed 100million people. e dey under my bed.. working out my modalities.. Nigerians will soon witness a diferent people soon, i swear it.. i'm tired of receiving all these insults

supersystemsng:
Bros i concur, in the line of thought let me continue, now Emir Sule Laido was part of the crisis, key figures in Financial sector musn;t give the notations the liks oh himself were doing, it spooked the nation and rather than government that came in to increas spending to cushion the impending shockwaves, the government rather became conservative..forcing industries to adopt the cautious or frozen state, the same for the stock market, the same for the FDI, I wrote a tthesis on macroeconmics, how oil prices causes tremors in Nations like Nigeria for a client on Saturday bros the figures i saw, everything started falling from Buhari... I still have the file on my PC in fron of me now..

Investor confidence is low

Gbam!

I'm not an economist but I have common sense.

Optimism & positive vibes are crucial to boost investor confidence. Sanusi took actions (some draconian) while shouting from the rooftop how soon our economy/financial sector will collapse. Many us lost money(stock exchange) from the loss of confidence and foreign investors taking their money out, FDI drying up & local investors keeping their cash.

Then Buhari came & met a fairly decent economy, with over 6% annual growth for about a decade & top destination of FDI in Africa. Then he went about telling the whole world how corrupt Nigeria & Nigerians are. All that while claiming to woo foreign investors.

Even a village primary school head boy cannot commit such a novice blunder.
He then began micro-managing the economy, cutting off money circulation, blatantly breaking free market economic rules & strangulating both local & international companies: airlines, local manufacturers, importers, etc.

Abeg make Nigeria no crash

AreaFada2:
Abi o. I can never forget all the names they called us: tanoids, MEND, Ipob, followers of clueless ogogoro drunken fisherman, etc.

Now jungle don cast & mature. People like us began bracing ourselves for the recession we have now. We saw it from Buhari before. One cannot be caught unaware for a second time.

I remember vividly telling someone in February that by September,a bag of rice will be 20,000 naira ,she looked at me and called her family members and they started making jest of me
Now I know they won't be able to afford to eat rice now.

I knew the Naira will hit 500 naira to a dollar by end of December. The dullard does not even care. He is gallivanting upanda.

AreaFada2:
Gbam!

I'm not an economist but I have common sense.

Optimism & positive vibes are crucial to boost investor confidence. Sanusi took actions (some draconian) while shouting from the rooftop how soon our economy/financial sector will collapse. Many us lost money(stock exchange) from the loss of confidence and foreign investors taking their money out, FDI drying up & local investors keeping their cash.

Then Buhari came & met a fairly decent economy, with over 6% annual growth for about a decade & top destination of FDI in Africa. Then he went about telling the whole world how corrupt Nigeria & Nigerians are. All that while claiming to woo foreign investors.

Even a village primary school head boy cannot commit such a novice blunder.
He then began micro-managing the economy, cutting off money circulation, blatantly breaking free market economic rules & strangulating both local & international companies: airlines, importers, etc.

You see why i always admire you as a fellow truth seeker, it's common sense that matters. I hope the mad Emir will keep shut and not do further damage.. We all say this coming but he kept shouting this and that now see... there's no reverse point in sight yet.

Anyway in the spirit of the discussion, my sources tell me of much worse recession coming 2017, i hope you're planning bro.. My sources are top-notch reliable

LoveMachine:
Don't cry if you cheered the destruction of pipelines. This is the result.

Shut your trap! Pipe lines were being destroyed long before buhari entered office.

You apshit goons are shameless. What happened to all the talk of diversifying the economy?

LoveMachine:
Don't cry if you cheered the destruction of pipelines. This is the result.

tell buhari to remove the military from the niger delta...