₦airaland Forum

Noted.

dimeji1:
Obviously u don't understand what he said. Uhm... investors move their money to a more stable economy. USA raising the interest rate means a lot of countries that needs investment will also have to increase their rate above USA rate in other to attract investors. 2016 Treasury bill go as high as 20% in other for government to raise fund locally. Buhari floated naira around 2016, dollar was exchanged around N400-N500. So, he should first reduce importation by investing in local industries then he can float the naira there after.

Risk inflation so that we will end up like venezuela right?

This was thesame thing ecofakers were proposing until they saw the effect on Venezuelans and their economy.

Atiku is just a fraud

OAUTemitayo:
[s]
PDP knows how to grow economy??
For real?

No wonder Nigerian states were struggling to pay salaries in 2015.

No wonder Okonjo Iweala said Nigerian should be prepared for hard days in 2014.

Sixteen blessed years of high oil price and they can't fixed power supply problems.


They couldn't find a solution to our road networks that turned to death traps.

They could not boost local production.. Nigeria was still importing like mad in 2015. To the extent we were importing toothpicks.

I really don't know what else to say else, but I know what condom would have helped us prevent if someone has used it.[/s]

I do not engage with zombies. Go to Ganduje's thread and support him. Leave this thread for the adults.

Because I'm sure if Buhari says he wants to float the rate, your tune will change. Same way your tune changed about subsidy.

-Lord

Oh No!!!
I didn't know being an opposition to your perspective was a definition to being dull.

Unfortunately i understand it all, and i vividly know about the global recession because it in some way affected my business.

But you trying to look at Atiku's intentions from a failing perspective is ridiculous.
He has stated his intention, his financial team would still have to scrutinize the best ways to go about this and if need be, prevent any catastrophe from befalling this nation.

Iamgrey5:
You don't know about the Global recession of 2008 ?


You don't know about the push by countries like China and Russia for greater control in international agencies like IMF and world Bank to reduce America's power in global investment?

You are dull! no pun intended

At least am more knowledgeable than your ignorant fanatic of a president.
Tell your president to come and challenge me you confused slowpoke with no equal.

You come at me with your nonsense and hate like a toothless female dog.
YOU SHOULD GET LOST

\

Roger3D:
Get lost. When knowledgeable people speak you shouldn't be anywhere close by

It a process.
There's no rushing to make ill-fated decisions.

In the coming months, this team will eventually emerge.

EvilMetahuman:
and how is he going to do it differently?

who are the economic strategists and where is their track record?

MeanChris:
So in essence, I should allow Buhari continue and be feeding El zakzaky with 3.5million?

Don't tell me you believe this crap too

adelacuna:
Don't attack his personality if you need to argue do that based on sound macroeconomics principles or you keep quiet.

Tell that to your father

greyham:
Don't tell me you believe this crap too

What we heard from the horse's mouth?

Lai mohammed the information minister

This nation faced recession under PDP in 2008 and survived.
Tell me how we will end up like Venezuela again.

calyto:
Risk inflation so that we will end up like venezuela right?

This was thesame thing ecofakers were proposing until they saw the effect on Venezuelans and their economy.

Atiku is just a fraud

I don't get what you're trying to say.

Are you saying we should vote for Atiku so that he will risk the inflation?

feddis:
This nation faced recession under PDP in 2008 and survived.
Tell me how we will end up like Venezuela again.

feddis:
You have extreme valid points here.

What I commend Atiku for is his ability to lay out such road map towards economic recovery.
Yes, some of it might be a wrong move, but these are all still subject to scrutiny.
Even Trump had a road map that was still re-evaluated and scrutinized. Take for instance his decisions to pick fights with allies over America's economy and security. As much as he intended to use more harsher measures but was still re-shaped to be fairly just.

Hence, Atiku laying out such road map doesn't literally means its going to be implemented the way his words lay the,m out.
We hope for a better Nigeria together.

Nice comment bro. I never knew nairaland has people who can engage in arguments without insults until I commented on this thread and I can tell u I am thrilled by the mature mentions I got. Even though some people disagreed with me, they never insulted but only made their counter arguments on facts. Thanks for ur contributions.

Lemme say this concerning Trump's detractors, they don't understand his methodology because it is alien to their normal ways of doing things and also don't want a change in status quo.
The USA is known to use diplomacy in growing their economy through pacts with different nations and it has never given them this level of growth because in any agreement between people, there must be compromise.
This compromise is halting the US gradually and it is evident in their debt which has trippled over time.

Trump found the loopholes, he saw that these nations are taking advantage of the agreements and blocked it with his policies, we all can see that their unemployment rate is reducing quarterly.
Do u know that as of yesterday China is calling on the US for a discussion on trade? That is the power of having the right policy internally.


Now look at Atiku's statement, it is suicidal because of our over reliance on imports.
We import virtually every thing which is unsafe and dangerous to the local currency if the market forces are to determine the strength of the naira.
The FX is will be overstretched and we may end up becoming like Venezuela.

Enice:
obviously party politics has blinded your eyes. in nigeria, when price of one commodity goes up (either import or export) it affects others

fidbthe price of recharge cards affect the price of electronics or fuel? Bro give me facts and not emotional sound bites. We're talking about destroying importation practice in Nigeria via any means possible. If you've been on nairaland youd know I don't care about parties. Anybody that gives me a good policy I will follow. Only reason I'm atikulate is because buhari has and isnt showing any concrete solution for nigeria. Kalokalo is his strategy. Ayleast he should bring out a practical economical plan. STEP BY STEP. So we can scrutinize

feddis:
Speak for yourself and your kindred.

I wonder why you are so concerned about me and my kindred. Have we met? Do I owe you money? What's the relation and familiarity?

Or are you jobless? You need a job? I have some job openings mid December.....

kingkakaone:
Nice comment bro. I never knew nairaland has people who can engage in arguments without insults until I commented on this thread and I can tell u I am thrilled by the mature mentions I got. Even though some people disagreed with me, they never insulted but only made their counter arguments on facts. Thanks for ur contributions.

Lemme say this concerning Trump's detractors, they don't understand his methodology because it is alien to their normal ways of doing things and also don't want a change in status quo.
The USA is known to use diplomacy in growing their economy through pacts with different nations and it has never given them this level of growth because in any agreement between people, there must be compromise.
This compromise is halting the US gradually and it is evident in their debt which has trippled over time.

Trump found the loopholes, he saw that these nations are taking advantage of the agreements and blocked it with his policies, we all can see that their unemployment rate is reducing quarterly.
Do u know that as of yesterday China is calling on the US for a discussion on trade? That is the power of having the right policy internally.


Now look at Atiku's statement, it is suicidal because of our over reliance on imports.
We import virtually every thing which is unsafe and dangerous to the local currency if the market forces are to determine the strength of the naira.
The FX is will be overstretched and we may end up becoming like Venezuela.

if you understand atikus plan youd understand the plan is to end importation drastically by producing locally via heavy FDI influx. This MAY(and I quote MAY), over stretch our fx but will guarantee we get production engines on ful throttle..the f2f becomes useless if it will be significantly affected. Free market forces will determine fx. This in my opinion is our best bet now cos the current economic plan is putting is in debt and there's no facet where it will succeed. This isnt Russia or a communist socialist population.

kayfra:
An av


erage Nigerian will scream bloody murder when Atiku implements this. The value of naira to the dollar will dramatically rise, probably north of 700 Naira to a dollar and prices of everything will increase immediately.

While it seems like a reasonable economic policy. Nigerians are absolutely not ready for it.

God will NOT allow them to rule the country, remember they already have 1000 Naira note in pipeline before God throws them out of power.
We all knows what happened when the exchange rate is #500.

revolt:
your analysis is warped bro. This would work if we had abundant funding for industrialisation. Nobody can deny we need heavy Fdi inflow to achieve industrialisation status. Don't forget we owe China a huge lot and will not be able to pay with our current expenditure. Our past leaders created a very robust expensive fg that's statutorily backed up, thus the only realistic position is to source for funding from Fdi....ofcourse there would be minimal regulation. Afterall when Obama took over from bush they realised they were in the middle of a war and a recession with most of their industries running to China. The immediate solution to mitigate the crises was to open up their economy for heavy Fri fron the Chinese and Indians which saw gm motors etc sold to companies like tata to name a few.
We don't need our fg to take more loans to embarl on more projects cause we simply have more recurrent expenditure than we can service. We need Fdi inflow for now more than ever. Nigeria doesnt have the money to industrialised.

You don't get my point, do you? Industrialization does not mean Nigeria should turn to China or Germany in one day. It starts from something as little as baking breads in factory, processing a better garri, cloth weaving, construction, designing, etc now that you have light. It is a motivation that moves Nigerian businesses to producing what they sell rather than depending on importation. And that is why you need government to provide incentives and regulation to protect these enterprises from foreign competitors. And youth should be there to cultivate the spirit of blue collar factory jobs instead of white collar jobs of today. So industrialization is all about taking the advantage of the light to provide something that you know people need in your area, to reduce the pressure of importation on the economy. There can be no cost to the government compared to when they invest everything into luring foreign investors, that is neocolonialism to me. These people will manipulate you, the marginal benefits of their investments will go to their origin countries. But when government engineered domestic industrialization, it would create a market for itself, and that market will lure investors.

revolt:
if you understand atikus plan youd understand the plan is to end importation drastically by producing locally via heavy FDI influx. This MAY(and I quote MAY), over stretch our fx but will guarantee we get production engines on ful throttle..the f2f becomes useless if it will be significantly affected. Free market forces will determine fx. This in my opinion is our best bet now cos the current economic plan is putting is in debt and there's no facet where it will succeed. This isnt Russia or a communist socialist population.

Investors don't just rush into a nation, there are underlying factors that needs to be checked before they troupe in. Imagine a nation that has not outgrow our internal problems which determine stability.

I don't think any investor will want to have anything to do in the NE due to terrorists, NC due to the deaths from herdsmen, SS which is very unstable due to militancy and kidnappings.
Before investors will engage in anything, they will look at the indices that can trigger unrest in the next few years.
No investor will want to put money where he has no guarantee.

The nation is too volatile for such action now.
When the economy is healthy, then such move should be welcomed bit for now, it may lead to something disastrous.

That's just my opinion Sha.

I have 1 for you right now.

grandexpress:
I wonder why you are so concerned about me and my kindred. Have we met? Do I owe you money? What's the relation and familiarity?

Or are you jobless? You need a job? I have some job openings mid December.....

Yo have valid points about his decisions.
But am certain he will review and follow the right steps towards resurrecting our ailing economy.

kingkakaone:
Nice comment bro. I never knew nairaland has people who can engage in arguments without insults until I commented on this thread and I can tell u I am thrilled by the mature mentions I got. Even though some people disagreed with me, they never insulted but only made their counter arguments on facts. Thanks for ur contributions.

Lemme say this concerning Trump's detractors, they don't understand his methodology because it is alien to their normal ways of doing things and also don't want a change in status quo.
The USA is known to use diplomacy in growing their economy through pacts with different nations and it has never given them this level of growth because in any agreement between people, there must be compromise.
This compromise is halting the US gradually and it is evident in their debt which has trippled over time.

Trump found the loopholes, he saw that these nations are taking advantage of the agreements and blocked it with his policies, we all can see that their unemployment rate is reducing quarterly.
Do u know that as of yesterday China is calling on the US for a discussion on trade? That is the power of having the right policy internally.


Now look at Atiku's statement, it is suicidal because of our over reliance on imports.
We import virtually every thing which is unsafe and dangerous to the local currency if the market forces are to determine the strength of the naira.
The FX is will be overstretched and we may end up becoming like Venezuela.

feddis:
I have 1 for you right now.

Aaaah. I guessed as much. An Atiku e.rat. No wonder you took it so personal.
1 advice. Get a real job!!

Ericnrm:
Why do people post when they lack common knowledge about issues like this?

People saying they should fix power think they can use their keyboards to will it instantaneously into existence?

They seem not to be considering Nigeria's increasingly high debt profile or the lack of sufficient funding required to tackle pressing issues in our country today.

Yes to the untrained eye it seems like a huge gamble but if you look closely and further assess the current economic situation and policies in place this seems like one of the last few options left to take.

I was laughing when i saw people talking about industrializing nigeria

With which infrastructure?

Get it through your thick skulls that you can't industrialize Nigeria in the next decade!

I personally support this strategy so let's see whether if implemented would pan out according to plan

you are ready to gamble with people's lives? u5

feddis:
Yo have valid points about his decisions.
But am certain he will review and follow the right steps towards resurrecting our ailing economy.

Let's hope so too.
One love!

revolt:
fidbthe price of recharge cards affect the price of electronics or fuel? Bro give me facts and not emotional sound bites. We're talking about destroying importation practice in Nigeria via any means possible. If you've been on nairaland youd know I don't care about parties. Anybody that gives me a good policy I will follow. Only reason I'm atikulate is because buhari has and isnt showing any concrete solution for nigeria. Kalokalo is his strategy. Ayleast he should bring out a practical economical plan. STEP BY STEP. So we can scrutinize

when buhari stopped the importation of rice and price went up, people like you called him dullard. now you want atiku to do the same and you praise him! d

LordAdam16:
I do not engage with zombies. Go to Ganduje's thread and support him. Leave this thread for the adults.

Because I'm sure if Buhari says he wants to float the rate, your tune will change. Same way your tune changed about subsidy.

-Lord

You have selective amnesia.

FYI, I have been condemning many of Buhari's actions here..

I don't feed on government money like some of you he has blocked out...

You are the zombie here..

I gave you points, you countered with innuendos..
Head is doing something to you

Being in the comfort of my home running my business makes me an e-rat? You're such a joke.
Unlike the Buhari e-rat that you are, and you think everyone is. Calm down.
I dislike Buhari and his archaic ideologies.
But i believe in Atiku and his policies.

grandexpress:
Aaaah. I guessed as much. An Atiku e.rat. No wonder you took it so personal.
1 advice. Get a real job!!

989900:
Error #1.

Never thought Atiku is as dumb as he looks.

It's not Atiku, it's his blind doofus Voltrons.

Enice:
when buhari stopped the importation of rice and price went up, people like you called him dullard. now you want atiku to do the same and you praise him! d

buhari stopped the importation of rice but had no support policies for local production....ie.. manure was still being imported and still controlled by govt. He signed the tsa ..pulled out money from banks and crippled the financial sector. Then held on to foreign while still giving some selected companies access. Infact buharis failure was multifaceted. It wasn't even fired that increased the price of rice. It was the fact it was now being smuggled in that sky rocketed the price. Like unsaid in total his policy was kalokalo....no single agenda. Just freestyle.

Made in Dubai promise

OAUTemitayo:
You have selective amnesia.

FYI, I have been condemning many of Buhari's actions here..

I don't feed on government money like some of you he has blocked out...

You are the zombie here..

I gave you points, you countered with innuendos..
Head is doing something to you

See this Nkpi!

Like your post history is hidden. Better respect yourself and go look for a troglodyte of your level to share your ignorance with.

-Lord

modath:
It's not Atiku, it's his blind doofus Voltrons.

Them no go c u for Gandollar and OsiNEMA threads.

-Lord

MeanChris:
What we heard from the horse's mouth?

Lai mohammed the information minister

Did you even see the original clip?

The man is a pathetic liar, but from the clip he was relaying information given to him by a third party (most likely the prison officials).

Please watch the clip again if you can.

Honestly I hate how the average Nigerian thinks.