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Economy Bleeds As CBN Pursues Elusive Naira Stability - Business (2) - Nairaland

Nairaland ForumNairaland GeneralBusinessEconomy Bleeds As CBN Pursues Elusive Naira Stability (12118 Views)

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Re: Economy Bleeds As CBN Pursues Elusive Naira Stability by chngebeginwthme: 9:12am On May 29, 2017
abouzaid:
the current members of apc led by amechi dragged the fg to court to stop the savings, the same thing happened during obasanjo era but nobody mentions his name because he's now in apc.
Please will you mind to tell us if Obasanjo listen to the Governors then and share the money as shared by GEJ?
Re: Economy Bleeds As CBN Pursues Elusive Naira Stability by abouzaid: 9:19am On May 29, 2017
chngebeginwthme:
Please will you mind to tell us if Obasanjo listen to the Governors then and share the money as shared by GEJ?
the strong attempt by soludo to establish the sovereign wealth fund during the obasanjo's era failed due to opposition from the governors.
Re: Economy Bleeds As CBN Pursues Elusive Naira Stability by colbankz(m): 9:26am On May 29, 2017
u mk sense......

Re: Economy Bleeds As CBN Pursues Elusive Naira Stability by ayorhmeeday(m): 10:03am On May 29, 2017
okochaik:
I will continue to say that Nigeria is not in economic recession but in policy recession. In life, there is always two alternatives in everything and I am sure of that. Corruption has crippled our government system and this corruption seem to be permanent because of the Northern Elders(this is clear to all). Why not leave corruption and use the second alternative so that citizens will have a good life. I always use the case of Dangote as an example. He is the African richest man due to the fact that the government stopped the importation of Cement from overseas and handed it over to him to monopolize. Now single handedly, Dangote has like ten other companies and about to finish his refinery. So will soon be refining our oil. So far, him companies has employed more than 500 thousand workers in Nigeria out of 200 million citizens.

Now , why not our government forget about all money looters and give pardon to them so that they will use the money to build companies that will give them more money, great jobs and help the economy.

Why not government ban for example the importation of cars or increase the tax of already made cars that is coming into the country by 1000%. This will make only the rich to buy imported cars and due to the 1000% increase in the tax, government will make excess money from car import. This will make the average citizens to buy only innoson cars and soon will make innoson to have branches all over the country. They will have enough room then to be building more parts in Nigeria. This can give 500,000 Nigerians Jobs and with excess income innoson will start a new bigger business and empoly more people just like Dangote.

Why not the government ban something like Maize, millets, wheat etc. And irrigate the Northern part. Ban the importation of those crops totally and give the citizens allocation to the land and them paying only for the irrigation. Believe me, we will be number one in the world in terms of agriculture. And this will give employment to millions of Nigerians. Both graduates and none graduates. Instead of people wasting human resources in just a plot of land for one year, the will be engaged to work in acres of land and provide the extreme labour. Rather than using how and matches to waste time in a plot of land for one year

The government does not need money to run itself. They only need human resources and good policies. The government of Nigeria only need to spend money on road, electricity, security and good town planning policy. I laugh when people wait for government to provide job for 100 million working class citizens. That cannot happen, but through their policies, Nigeria can be greater than any nation. We the individuals are the people to develop the country, we are the real government. But they do not provide good policies to us.

I believed in one Nigeria before because I always see what we can achieve together if we have good government but we have waited for long and situation is getting worse. Hausas has Sharia and with that corruption will not exist in their nation. Ibos do not believe in their leaders and are industrious. With that leaders will strive to make a good name and in turn make a good nation. Yorubas are followers and will follow the Sharia rule and benefits from it. The country is now hopeless and this is the reasons I see Biafra as the last hope
make sure u run in d next presidential elections. cos i feel like voting for u
Re: Economy Bleeds As CBN Pursues Elusive Naira Stability by amikeem(m): 10:07am On May 29, 2017
Meanwhile it's my birthday to day show mi some love.
Re: Economy Bleeds As CBN Pursues Elusive Naira Stability by wyqay: 10:29am On May 29, 2017
Apc

Re: Economy Bleeds As CBN Pursues Elusive Naira Stability by MIMU(m): 10:30am On May 29, 2017
And our banks like Gtbank charge 380 to 399 when you want buy something on foreign online shops like aliexpress.com
Re: Economy Bleeds As CBN Pursues Elusive Naira Stability by Nobody: 10:56am On May 29, 2017
okochaik:
I will continue to say that Nigeria is not in economic recession but in policy recession. In life, there is always two alternatives in everything and I am sure of that. Corruption has crippled our government system and this corruption seem to be permanent because of the Northern Elders(this is clear to all). Why not leave corruption and use the second alternative so that citizens will have a good life. I always use the case of Dangote as an example. He is the African richest man due to the fact that the government stopped the importation of Cement from overseas and handed it over to him to monopolize. Now single handedly, Dangote has like ten other companies and about to finish his refinery. So will soon be refining our oil. So far, him companies has employed more than 500 thousand workers in Nigeria out of 200 million citizens.

Now , why not our government forget about all money looters and give pardon to them so that they will use the money to build companies that will give them more money, great jobs and help the economy.

Why not government ban for example the importation of cars or increase the tax of already made cars that is coming into the country by 1000%. This will make only the rich to buy imported cars and due to the 1000% increase in the tax, government will make excess money from car import. This will make the average citizens to buy only innoson cars and soon will make innoson to have branches all over the country. They will have enough room then to be building more parts in Nigeria. This can give 500,000 Nigerians Jobs and with excess income innoson will start a new bigger business and empoly more people just like Dangote.

Why not the government ban something like Maize, millets, wheat etc. And irrigate the Northern part. Ban the importation of those crops totally and give the citizens allocation to the land and them paying only for the irrigation. Believe me, we will be number one in the world in terms of agriculture. And this will give employment to millions of Nigerians. Both graduates and none graduates. Instead of people wasting human resources in just a plot of land for one year, the will be engaged to work in acres of land and provide the extreme labour. Rather than using how and matches to waste time in a plot of land for one year

The government does not need money to run itself. They only need human resources and good policies. The government of Nigeria only need to spend money on road, electricity, security and good town planning policy. I laugh when people wait for government to provide job for 100 million working class citizens. That cannot happen, but through their policies, Nigeria can be greater than any nation. We the individuals are the people to develop the country, we are the real government. But they do not provide good policies to us.

I believed in one Nigeria before because I always see what we can achieve together if we have good government but we have waited for long and situation is getting worse. Hausas has Sharia and with that corruption will not exist in their nation. Ibos do not believe in their leaders and are industrious. With that leaders will strive to make a good name and in turn make a good nation. Yorubas are followers and will follow the Sharia rule and benefits from it. The country is now hopeless and this is the reasons I see Biafra as the last hope
The problem is Nigerian youths are extremely lazy, so full 0f pride, they think since them don finish uni, they are to big to farm. if atleast quatet of Nigerian graduates will engage in agro-allied fields we will soon be exporting diffrent assortments of agricultural products & food Stuff.

But they won't, instead they will even laugh at you who is farming. personally i don't care if i look dirty, unkempt or smell like chicken sh#t & feed. Cause God knows those birds bring in lots of cash at the end of that 6-7 weeks.
Re: Economy Bleeds As CBN Pursues Elusive Naira Stability by Yeligray(m): 10:57am On May 29, 2017
okochaik:
I will continue to say that Nigeria is not in economic recession but in policy recession. In life, there is always two alternatives in everything and I am sure of that. Corruption has crippled our government system and this corruption seem to be permanent because of the Northern Elders(this is clear to all). Why not leave corruption and use the second alternative so that citizens will have a good life. I always use the case of Dangote as an example. He is the African richest man due to the fact that the government stopped the importation of Cement from overseas and handed it over to him to monopolize. Now single handedly, Dangote has like ten other companies and about to finish his refinery. So will soon be refining our oil. So far, him companies has employed more than 500 thousand workers in Nigeria out of 200 million citizens.

Now , why not our government forget about all money looters and give pardon to them so that they will use the money to build companies that will give them more money, great jobs and help the economy.

Why not government ban for example the importation of cars or increase the tax of already made cars that is coming into the country by 1000%. This will make only the rich to buy imported cars and due to the 1000% increase in the tax, government will make excess money from car import. This will make the average citizens to buy only innoson cars and soon will make innoson to have branches all over the country. They will have enough room then to be building more parts in Nigeria. This can give 500,000 Nigerians Jobs and with excess income innoson will start a new bigger business and empoly more people just like Dangote.

Why not the government ban something like Maize, millets, wheat etc. And irrigate the Northern part. Ban the importation of those crops totally and give the citizens allocation to the land and them paying only for the irrigation. Believe me, we will be number one in the world in terms of agriculture. And this will give employment to millions of Nigerians. Both graduates and none graduates. Instead of people wasting human resources in just a plot of land for one year, the will be engaged to work in acres of land and provide the extreme labour. Rather than using how and matches to waste time in a plot of land for one year

The government does not need money to run itself. They only need human resources and good policies. The government of Nigeria only need to spend money on road, electricity, security and good town planning policy. I laugh when people wait for government to provide job for 100 million working class citizens. That cannot happen, but through their policies, Nigeria can be greater than any nation. We the individuals are the people to develop the country, we are the real government. But they do not provide good policies to us.

I believed in one Nigeria before because I always see what we can achieve together if we have good government but we have waited for long and situation is getting worse. Hausas has Sharia and with that corruption will not exist in their nation. Ibos do not believe in their leaders and are industrious. With that leaders will strive to make a good name and in turn make a good nation. Yorubas are followers and will follow the Sharia rule and benefits from it. The country is now hopeless and this is the reasons I see Biafra as the last hope
dah...u tk tym write this stuff oh...anywayz just passing.
Re: Economy Bleeds As CBN Pursues Elusive Naira Stability by Nobody: 11:01am On May 29, 2017
Nigeriadondie:
lipsrsealed The economic issue of Nigeria doesn't require rocket science. You can do same thing over and over again and expect same result.
1.Legislate laws against corruption making it a death sentence. China is doing it and see what China has become from 1950 as a poor nation to a heavily industrialised nation with millions in d middle class. If u like adopt any economic policies from a team of Nobel lauretes and there are leakages it amounts to zero.

2. Reduce the size and cost of governance. Nigeria is a like a business u spend so much but yields litttle profit. When d federal budget has between 70-75% on recurrent expenditure leaving only paltry 25-30% on capital expenditure and even the little wud still be embezzled or projects for which d monies were allocated wud be half done. Sadly this same is replicated at d state level where all state govt allocate more than half of d budget on recurrent. If d reverse was the case believe it wud translate into job creation and in d long run wealth distribution and improved infrastructure.
Top 10 wealthy countries on earth dont spend so much on governace as we do.Check d link below:
http://www.economist.com/blogs/graphicdetail/2013/07/daily-chart-12

3: Nigeria needs restructuring. The 36 states will have with have with their individual state houses of assembly is useless. The US that it so big with 6 time zones and has 9,147,950 sq km of land has just 50 states and each state has 2 senators, a total of 100 while Nigeria with a smaller land mass of 923,768 sq km of land, just 1 time zone has 3 senators per state a total of 108 senators.
We dont need a bicamaral legislature but a unicameral like what Senegal did. We dont need the 36 states structure with their houses of assembly. Hence, the d system we run is so expensive.

4. Develop agriculture as well as fishing and mechanize it. We dont need farmers in this 21st century to work with cutlass. Also robust storage system that guarantees food security. Also, develop capacity to add value to agric produce by developing technology to convert them to finished product.

5. Educational sector should be developed so we become self sufficient in that area. India, Iran and China are success stories. China has just unveiled it first commercial aircraft that has unnerved US Boeing. India we all know has developed IT, pharmaceutical, medical and ither areas. Iran due to its rivalry with Israel and S. Arabia has aggressively developed it technilogical prowess, launced 3 satelittes in space, advanced missile technology in spite of years of western sanctions yet Nigeria was celebrating pencil and wooden car with keke engine. Universities of Technology, Agriculture not neglecting other conventional universities, polytechnics etc should be well funded, man power trained abroad and brought home, technology transfer with friendly countries.

Useless greedy leaders wont think that way even common sense senator Ben Bruce has no sense to think that way

https://www.youtube.com/watch?v=t0stJkUWUyM
You have my vote sir!!!

Re: Economy Bleeds As CBN Pursues Elusive Naira Stability by Dollabiz: 11:11am On May 29, 2017
Ha
Re: Economy Bleeds As CBN Pursues Elusive Naira Stability by Nobody: 11:17am On May 29, 2017
Jiang:
The problem is Nigerian youths are extremely lazy, so full 0f pride, they think since them don finish uni, they are to big to farm. if atleast quatet of Nigerian graduates will engage in agro-allied fields we will soon be exporting diffrent assortments of agricultural products & food Stuff.

But they won't, instead they will even laugh at you who is farming. personally i don't care if i look dirty, unkempt or smell like chicken sh#t & feed. Cause God knows those birds bring in lots of cash at the end of that 6-7 weeks.
My brother, they are not lazy I'm actually sense do not hate farming. I like farming personally but not with goes and matches. If our government gives individuals like OBJ, Tinubu, Atiku and all other looters pardon and give them Monopoly our the northern land only for farming. Then ban whatever crops they produce from been imported from other countries. Believe me it will be the biggest venture. They will not work wit hoes but tractors. You as a single graduate driving a tractor to cultivate 200 plots of land in a single​ will be highly productive. This means in a month, only you have cultivated 6000 plots. This is enough to feed your town if you want to calculate it by one person per town. Meaning you are using your human resources at the full capacity. In a month you will earn like 400,000 and so you will always be happy as a farmer. Low income earners working in their fool carpacity on the same field will earn up to 100K. In turn the government saves our dollar from been used to import such crop. This alone will strengthen the value of Naira. With good government policy, naira will have value more than the dollar without the government spending any Kobo for it. Battling corruption is a waste of time. Our problem is not corruption
Re: Economy Bleeds As CBN Pursues Elusive Naira Stability by Dollabiz: 11:20am On May 29, 2017
N
Re: Economy Bleeds As CBN Pursues Elusive Naira Stability by Nigeriadondie: 11:53am On May 29, 2017
Jiang:
You have my vote sir!!!
Thanks and Jah bless
Re: Economy Bleeds As CBN Pursues Elusive Naira Stability by Sunnyja: 2:58pm On May 29, 2017
Jaideyone:
too long

assuming the ineffectual mor0n didn't squander our money our reserves should be at least 100b now. there would have been more than enough to defend the naira
This will continue to be your story until you marry and have kids that will graduate from the universities.
Re: Economy Bleeds As CBN Pursues Elusive Naira Stability by sellyjeffery: 2:59pm On May 29, 2017
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Re: Economy Bleeds As CBN Pursues Elusive Naira Stability by chngebeginwthme: 5:08pm On May 29, 2017
abouzaid:
the strong attempt by soludo to establish the sovereign wealth fund during the obasanjo's era failed due to opposition from the governors.
And then Ameachi was not even the Governor od Rivers State then.
Re: Economy Bleeds As CBN Pursues Elusive Naira Stability by jude90(m): 6:11pm On May 29, 2017
Welcome to Nigeria the Animal kingdom
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