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Abaribe Says NASS Might Have To Takeover Government Economic Policy Direction - Politics (3) - Nairaland

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Re: Abaribe Says NASS Might Have To Takeover Government Economic Policy Direction by Boyooosa(m): 6:36pm On Oct 09, 2019
And then handed to who?
Ole gbe Ole gba!

Re: Abaribe Says NASS Might Have To Takeover Government Economic Policy Direction by gidgiddy: 6:38pm On Oct 09, 2019
VillageHead:
Make Abaribe no go talk pass hin mouth o!


Lest FG should open up their unfinished business with him.

" you stood as a surety for Mazi Nnamdi Kalu, provide him."

The issue of Abaribe standing surety for Kanu is already at the appeal court. It is no longer a matter that concerns government

1 Like

Re: Abaribe Says NASS Might Have To Takeover Government Economic Policy Direction by meccuno: 6:42pm On Oct 09, 2019
[s]
PoliticalWitch:
Note for the senator

1.Oil is at $59 dollars per barrel today

2.We need oil to be at $140 per barrel before we can reduce taxes, and stop borrowing.(For the uninformed, see this article HERE)

3.Bubu is bad , I know....but the truth is, since he took office , oil has hovered between $75 and $30 per barrel. So borrowing has been in order to prevent total collapse.

4.Also, we have no choice in this country but to raise taxes. Simple.

5.I want APC out too. But whoever takes over is going to meet the same set of problems. The problem of getting money.

6. So, let's face the cold reality. Sorry APC has not been good at diversification like they promised.

Modified;

For anyone still reading....this is the oil breakeven price for several countries as at 2017. Note that Nigeria is in the same boat with a lot of other countries...

Nigeria $139,
Bahrain $84,
Angola $82,
Oman at $75.
Saudi Arabia $74,
Russia $72,
Kazakhstan $71
Gabon $66;
Azerbaijan $66,
Iraq $61
Abu Dhabi,United Arab Emirates $60
BRENT CRUDE OIL PRICE AS AT TODAY: $58
Republic of Congo at $52
Qatar at $51
Kuwait at $45
[/s]
Re: Abaribe Says NASS Might Have To Takeover Government Economic Policy Direction by Nobody: 6:48pm On Oct 09, 2019
meccuno:
......

Re: Abaribe Says NASS Might Have To Takeover Government Economic Policy Direction by Boyooosa(m): 6:50pm On Oct 09, 2019
PoliticalWitch:
Note for the senator

1.Oil is at $59 dollars per barrel today

2.We need oil to be at $140 per barrel before we can reduce taxes, and stop borrowing.(For the uninformed, see this article HERE)

3.Bubu is bad , I know....but the truth is, since he took office , oil has hovered between $75 and $30 per barrel. So borrowing has been in order to prevent total collapse.

4.Also, we have no choice in this country but to raise taxes. Simple.

5.I want APC out too. But whoever takes over is going to meet the same set of problems. The problem of getting money.

6. So, let's face the cold reality. Sorry APC has not been good at diversification like they promised.

Modified;

For anyone still reading....this is the oil breakeven price for several countries as at 2017. Note that Nigeria is in the same boat with a lot of other countries...

Nigeria $139,
Bahrain $84,
Angola $82,
Oman at $75.
Saudi Arabia $74,
Russia $72,
Kazakhstan $71
Gabon $66;
Azerbaijan $66,
Iraq $61
Abu Dhabi,United Arab Emirates $60
BRENT CRUDE OIL PRICE AS AT TODAY: $58
Republic of Congo at $52
Qatar at $51
Kuwait at $45
Yeah, u have good presentation there but tax increment shouldnt be the last resort or the most appropriate alternative.
Let us think of cutting cost, as in reducing recurrent cost and double up effort in diversification in GDP (i.e. non oil IGR).
Audu Ogbe was too weak in the last administration and Buhari did not remember to shake him for four years (he should rather set target with time for his cabinet and fire them without sentiment as appropriate and not getting on the commoners) . Buhari made mistake to have allowed Adeosun to let go, still the replacement has not bn effective so far.
We need inteligent people to manouver stuffs likethis for us most esp in this dire situation.
More serious fight on corruption, not REALLY impressed so far. This is the channel we lose most of the funds and it needs to be stringently prevented and not like squeezing-dry the already dying masses.

1 Like

Re: Abaribe Says NASS Might Have To Takeover Government Economic Policy Direction by JonDon12: 6:51pm On Oct 09, 2019
jahsharon:





He is mad. His madness will lead him to early grave. Tell him that his forefathers cannot dare look at Buhari straight in the eyes. Maybe he wants to die young like his parents.

Wow. This is what Nigerians have turned into. Pitiful Cowardly Slaves . Democracy means use your common sense. Shame on people that talk about death when someone is exercising his democratic prerogative . Shame on such stupidity

3 Likes

Re: Abaribe Says NASS Might Have To Takeover Government Economic Policy Direction by OROSUNBOLB(m): 6:54pm On Oct 09, 2019
PoliticalWitch:
Note for the senator

1.Oil is at $59 dollars per barrel today

2.We need oil to be at $140 per barrel before we can reduce taxes, and stop borrowing.(For the uninformed, see this article HERE)

3.Bubu is bad , I know....but the truth is, since he took office , oil has hovered between $75 and $30 per barrel. So borrowing has been in order to prevent total collapse.

4.Also, we have no choice in this country but to raise taxes. Simple.

5.I want APC out too. But whoever takes over is going to meet the same set of problems. The problem of getting money.

6. So, let's face the cold reality. Sorry APC has not been good at diversification like they promised.

When you spend more than you earn, you are already courting troubles according to common sense Economics .This is the exact situation of Nigeria. One does not need to be a professor of Economics to understand that what is killing Nigeria is recurrent expenditures. We operate one of the most expensive brand of democracies in the world.

The simple solution is to cut down or reduce drastically the huge amount of money we expend on largely unproductive politicians! Nigeria economy is too fragile to sustain or support elephant salaries and allowances they receive.

Your point 4 is nothing but wickedness I'm sorry. Do you guys want to kill us all in this country ? You talked about raising taxes to do what exactly ? There is already a general increase in the prices of food items and other commodities yet we have no choice but to raise taxes !

Even if a barrel of oil is $200 today,Nigerian government will still have one excuse or the others for their inability to reverse the ugly trends of unemployment, poor infrastructures, poor health care system, declining educational standard,high inflation,perennial electricity wahala, etc.

Nigeria is a blessed country; we have no excuse to be in this deplorable situation. The country is unfortunately blessed however with very selfish and highly visionless rulers looters.

3 Likes

Re: Abaribe Says NASS Might Have To Takeover Government Economic Policy Direction by JonDon12: 6:56pm On Oct 09, 2019
SoNature:


Let's face it, Enyinnaya Abaribe is one of the few intelligent people in your Senate.

Senate has become retirement home for governors who are obviously bereft of ideas.

Another useful man in that house is Dino Melaye. Even though he does stupid things, Senator Melaye argues intelligently.

This topic is beyond the understanding of many Nairalanders

True, it is sad that Nairalanders cannot look at a Budget and argue about it critically without resorting to Name calling and tribal nonsense. Even for Ahmed Lawan to try to stop Abaribbe is foolishness. Who made Ahmed Lawan the only senator in Nigeria. Nigeria is a country full of dullards that do not understand how the process works.

4 Likes 1 Share

Re: Abaribe Says NASS Might Have To Takeover Government Economic Policy Direction by meccuno: 6:57pm On Oct 09, 2019
[s]
PoliticalWitch:

because we focused on the snake we missed the scorpionl
African Proverb

[/s] grin
Re: Abaribe Says NASS Might Have To Takeover Government Economic Policy Direction by Reference(m): 6:57pm On Oct 09, 2019
If the citizens of this country donot wake up and take active interest in the way they are governed, I am just so sorry for us all.

When your contractor does a shoddy job and your roof leaks like a sieve whether you like it ir not you will gain knowledge in building and engineering.

When you have the misfortune of meeting a quack doctor who has worsened your condition you will shortly graduate with a degree in medicine complete with stethoscope and blood pressure kits.

When your auto mechanic is threatening to turn your prized wonder on wheels to a push cart then overalls will push your agbada deep into your wardobe and you begin to handle a wheel spanner like cutlery.

If we like let us not desire knowledge of basic economics and how countries prosper or go bust. Let us sit there dumbfounded and wait for angelic manna from Aso Rock, I am just so sorry.

1 Like

Re: Abaribe Says NASS Might Have To Takeover Government Economic Policy Direction by Nobody: 6:59pm On Oct 09, 2019
OROSUNBOLB:


When you spend more than you earn, you are already courting troubles according to common sense Economics .This is the exact situation of Nigeria. One does not need to be a professor of Economics to understand that what is killing Nigeria is recurrent expenditures. We operate one of the most expensive brand of democracies in the world.

The simple solution is to cut down or reduce drastically the huge amount of money we expend on largely unproductive politicians! Nigeria economy is too fragile to sustain or support elephant salaries and allowances they receive.

Your point 4 is nothing but wickedness I'm sorry. Do you guys want to kill us all in this country ? You talked about raising taxes to do what exactly ? There is already a general increase in the prices of food items and other commodities yet we have no choice but to raise taxes !

Even if a barrel of oil is $200 today,Nigerian government will still have one excuse or the others for their inability to reverse the ugly trends of unemployment, poor infrastructures, poor health care system, declining educational standard,high inflation,perennial electricity wahala, etc.

Nigeria is a blessed country; we have no excuse to be in this deplorable situation. The country is unfortunately blessed however with very selfish and highly visionless rulers looters.

Well, taxes have to go up, wickedness or no, because we aren't earning enough from oil to sustain a big fat budget. Plus, even if we cut government expediture , at best we might get N1.5 trillion (my estimate).

The alterantive is borrowing....or we take more loans.

I think Government should regulate the mining sector though...that is where we could get much money.


Again, oil today is at $58 per barrel. Oil has never been as high as $140 since 2008 (when it was at $145 per barrel). We are already operating at a deficit. Hence...money must be raised...and we are borrowed out.

1 Like 1 Share

Re: Abaribe Says NASS Might Have To Takeover Government Economic Policy Direction by Nobody: 7:02pm On Oct 09, 2019
meccuno:
[s][/s] grin

Re: Abaribe Says NASS Might Have To Takeover Government Economic Policy Direction by grandstar(m): 7:05pm On Oct 09, 2019
PoliticalWitch:
Note for the senator

1.Oil is at $59 dollars per barrel today

2.We need oil to be at $140 per barrel before we can reduce taxes, and stop borrowing.(For the uninformed, see this article HERE)

3.Bubu is bad , I know....but the truth is, since he took office , oil has hovered between $75 and $30 per barrel. So borrowing has been in order to prevent total collapse.

4.Also, we have no choice in this country but to raise taxes. Simple.

5.I want APC out too. But whoever takes over is going to meet the same set of problems. The problem of getting money.

6. So, let's face the cold reality. Sorry APC has not been good at diversification like they promised.

Modified;

For anyone still reading....this is the oil breakeven price for several countries as at 2017. Note that Nigeria is in the same boat with a lot of other countries...

Nigeria $139,
Bahrain $84,
Angola $82,
Oman at $75.
Saudi Arabia $74,
Russia $72,
Kazakhstan $71
Gabon $66;
Azerbaijan $66,
Iraq $61
Abu Dhabi,United Arab Emirates $60
BRENT CRUDE OIL PRICE AS AT TODAY: $58
Republic of Congo at $52
Qatar at $51
Kuwait at $45

Stop makiing excuses for the FG's incompetence. If you know the breakeven price is $139, what steps has the government taken to cut wasteful spending? That is the koko.

In Buhari's first term, he did not sack a single civil servant despite the fact the service is bloated. That is despite the fact that Jonathan had already pencilled down some agencies and parastatals to be dissolved.

Next, he refused to deregulate the price of petrol when he had the chance to do so. Just the removal of that subsidy will yield the country an extra 500 Billion at least every year. Downsizing the civil service will save the government another 700b at least each year.

Then there's the official window rate of the dollar which probably cost the FG at least 300b in revenue yearly. The official rate is 305 while the investment window rate is 360. There's a gap of 55. That means if government wants to disburse $5b for instance, it will be done at the official rate which is 1.525trillion rather than the investment window which is 1.8 trillion. That is a loss of 275b. AAnd that's only for $5bn. How much will it be for $15b for instance? Why not have funds disbursed based on the investment window?

To make matters worse, money is thrown at white elephants such as Ajaokuta steel and the antiquated refineries.

Any sensible government when faced with such crisis immediately cuts spending.

I totally agree government must do its utmost to increase tax collection especially when there's a crisis. I am not against government there. Government must however go about tax collection in a business friendly way.

8 Likes 5 Shares

Re: Abaribe Says NASS Might Have To Takeover Government Economic Policy Direction by Nobody: 7:08pm On Oct 09, 2019
grandstar:


Stop makiing excuses for the FG's incompetence. If you know the breakeven price is $139, what steps has the government taken to cut wasteful spending? That is the koko.

In Buhari's first term, he did not sack a single civil servant despite the fact the service is bloated. That is despite the fact that Jonathan had already pencilled down some agencies and parastatals to be dissolved.

Next, he refused to deregulate the price of petrol when he had the chance to do so. Just the removal of that subsidy will yield the country an extra 500 Billion at least every year. Downsizing the civil service will save the government another 700b at least each year.

Then there's the official window rate of the dollar which probably cost the FG at least 300b in revenue yearly. The official rate is 305 while the investment window rate is 360. There's a gap of 55. That means if government wants to disburse $5b for instance, it will be done at the official rate which is 1.525trillion rather than the investment window which is 1.8 trillion. That is a loss of 275b. AAnd that's only for $5bn. How much will it be for $15b for instance? Why not have funds disbursed based on the investment window?

To make matters worse, money is thrown at white elephants such as Ajaokuta steel and the antiquated refineries.

Any sensible government when faced with such crisis immediately cuts spending.

I totally agree government must do its utmost to increase tax collection especially when there's a crisis. I am not against government there. Government must however go about tax collection in a business friendly way.




Agree with all your points....especially deregulation and cutting excess staff, as well as spending cuts.

The reason why I don't mention them is that people will abuse one and call you supporter of opression. Even me, I didn;t support deregulation until 2012....after actually reading up about it.

3 Likes 2 Shares

Re: Abaribe Says NASS Might Have To Takeover Government Economic Policy Direction by livebyday(m): 7:15pm On Oct 09, 2019
Chicastle:
Only the easterners can make Nigeria grow a little bit. I bet all this gworo has nothing up there

Inciting comment, off topic and derailing thread

Mynd44 Seun lalasticlala OAM4J
Re: Abaribe Says NASS Might Have To Takeover Government Economic Policy Direction by livebyday(m): 7:16pm On Oct 09, 2019
Franklyspeakin:
So abaribe didn't raise valid points??
See a farming is coming very soon to Nigeria.be prepared


Famine

1 Like 1 Share

Re: Abaribe Says NASS Might Have To Takeover Government Economic Policy Direction by ITbomb(m): 7:16pm On Oct 09, 2019
“I want to suggest a name to those who wrote this speech for the president that this is nothing but a budget of taxation,”
Uppercut

1 Like

Re: Abaribe Says NASS Might Have To Takeover Government Economic Policy Direction by Reference(m): 7:17pm On Oct 09, 2019
JonDon12:


True, it is sad that Nairalanders cannot look at a Budget and argue about it critically without resorting to Name calling and tribal nonsense. Even for Ahmed Lawan to try to stop Abaribbe is foolishness. Who made Ahmed Lawan the only senator in Nigeria. Nigeria is a country full of dullards that do not understand how the process works.

My exact position in the morning. They don't want debate so they put him there. They don't want argument so they can have their money fast.

But citizens, please ask me. When your wallet is lean and you go to the market....WON'T YOU 'PRICE' THINGS.

You want me to pay more tax. Will I not price what you are selling. Will the vendor ask me to shut up. Can't I ask you to come down a little....to give up something for me....like say a hundred new cars, like say 10 percent pay cut...like say 2 or 3 less foreign trips...

Democracy is negotiation nau....haba.
Re: Abaribe Says NASS Might Have To Takeover Government Economic Policy Direction by princetboy(m): 7:22pm On Oct 09, 2019
I love dis Abaribe
Re: Abaribe Says NASS Might Have To Takeover Government Economic Policy Direction by Commentor: 7:25pm On Oct 09, 2019
grandstar:
This budget is frightening and should not be passed. The expected growth rate of only 1.9% is further distressing when considering the size.

This budget is dead on arrival. It is delusional at best

The growth of the economy is dependent on you and me.

Nigerians can continue to act as if government has a magic wand, or say to themselves, I must produce something for my local area or export.
Re: Abaribe Says NASS Might Have To Takeover Government Economic Policy Direction by Urchman200: 7:25pm On Oct 09, 2019
PoliticalWitch:
Note for the senator

1.Oil is at $59 dollars per barrel today

2.We need oil to be at $140 per barrel before we can reduce taxes, and stop borrowing.(For the uninformed, see this article HERE)

3.Bubu is bad , I know....but the truth is, since he took office , oil has hovered between $75 and $30 per barrel. So borrowing has been in order to prevent total collapse.

4.Also, we have no choice in this country but to raise taxes. Simple.

5.I want APC out too. But whoever takes over is going to meet the same set of problems. The problem of getting money.

6. So, let's face the cold reality. Sorry APC has not been good at diversification like they promised.

Modified;

For anyone still reading....this is the oil breakeven price for several countries as at 2017. Note that Nigeria is in the same boat with a lot of other countries...

Nigeria $139,
Bahrain $84,
Angola $82,
Oman at $75.
Saudi Arabia $74,
Russia $72,
Kazakhstan $71
Gabon $66;
Azerbaijan $66,
Iraq $61
Abu Dhabi,United Arab Emirates $60
BRENT CRUDE OIL PRICE AS AT TODAY: $58
Republic of Congo at $52
Qatar at $51
Kuwait at $45
Buhari and his economic team lack good economic policy direction , we are using 20% of our total budget to service loan borrowed by this same administration's, at this point what we need is sale some of government assets to fund budget not borrowing, cut the cost of governance, embark on more capital investment that will in turn boost productivity, what do Buhari government do borrow for consumption and turn back to blame the previous government for corruption.

1 Like

Re: Abaribe Says NASS Might Have To Takeover Government Economic Policy Direction by masseratti: 7:25pm On Oct 09, 2019
PoliticalWitch:
Note for the senator

1.Oil is at $59 dollars per barrel today

2.We need oil to be at $140 per barrel before we can reduce taxes, and stop borrowing.(For the uninformed, see this article HERE)

3.Bubu is bad , I know....but the truth is, since he took office , oil has hovered between $75 and $30 per barrel. So borrowing has been in order to prevent total collapse.

4.Also, we have no choice in this country but to raise taxes. Simple.

5.I want APC out too. But whoever takes over is going to meet the same set of problems. The problem of getting money.

6. So, let's face the cold reality. Sorry APC has not been good at diversification like they promised.

Modified;

For anyone still reading....this is the oil breakeven price for several countries as at 2017. Note that Nigeria is in the same boat with a lot of other countries...

Nigeria $139,
Bahrain $84,
Angola $82,
Oman at $75.
Saudi Arabia $74,
Russia $72,
Kazakhstan $71
Gabon $66;
Azerbaijan $66,
Iraq $61
Abu Dhabi,United Arab Emirates $60
BRENT CRUDE OIL PRICE AS AT TODAY: $58
Republic of Congo at $52
Qatar at $51
Kuwait at $45
I like you analysis it's cool.... I believe in taxes... But I despite vat.... Most abuse it's main purpose.

If crude oil sells at 150 dollars per barrel, it will still Nigerian budget, subsidy will sck rocket, erode all the extras the government made, it happened during Gej period, couple with an erroneously increase in minimum wage across board.. Solution?

Nothing will work if we don't break up or revert to true federalism... That's the foundation... Every other economic theories will fail woefully... No matter the best brains you put into charge.

What abaribe is saying is totally uncessary, that's the legislature saying they want to take over the function of the executive.

1 Like

Re: Abaribe Says NASS Might Have To Takeover Government Economic Policy Direction by dbestuncle: 7:26pm On Oct 09, 2019
PoliticalWitch:
Note for the senator

1.Oil is at $59 dollars per barrel today

2.We need oil to be at $140 per barrel before we can reduce taxes, and stop borrowing.(For the uninformed, see this article HERE)

3.Bubu is bad , I know....but the truth is, since he took office , oil has hovered between $75 and $30 per barrel. So borrowing has been in order to prevent total collapse.

4.Also, we have no choice in this country but to raise taxes. Simple.

5.I want APC out too. But whoever takes over is going to meet the same set of problems. The problem of getting money.

6. So, let's face the cold reality. Sorry APC has not been good at diversification like they promised.

Modified;

For anyone still reading....this is the oil breakeven price for several countries as at 2017. Note that Nigeria is in the same boat with a lot of other countries...

Nigeria $139,
Bahrain $84,
Angola $82,
Oman at $75.
Saudi Arabia $74,
Russia $72,
Kazakhstan $71
Gabon $66;
Azerbaijan $66,
Iraq $61
Abu Dhabi,United Arab Emirates $60
BRENT CRUDE OIL PRICE AS AT TODAY: $58
Republic of Congo at $52
Qatar at $51
Kuwait at $45
you sound very correct but I need explain breakeven prices. y d much difference
Re: Abaribe Says NASS Might Have To Takeover Government Economic Policy Direction by Ulaga12: 7:27pm On Oct 09, 2019
[s]
Commentor:


The growth of the economy is dependent on you and me.

Nigerians can continue to act as if government has a magic wand, or say to themselves, I must produce something for my local area or export.
[/s]
Re: Abaribe Says NASS Might Have To Takeover Government Economic Policy Direction by Commentor: 7:31pm On Oct 09, 2019
Urchman200:
Buhari and his economic team lack good economic policy direction , we are using 20% of our total budget to service loan borrowed by this same administration's, at this point what we need is sale some of government assets to fund budget not borrowing, cut the cost of governance, embark on more capital investment that will in turn boost productivity, what do Buhari government do borrow for consumption and turn back to blame the previous government for corruption.

Bold is not true.

If you wish to tow that path please cite examples of borrowing for consumption.
Re: Abaribe Says NASS Might Have To Takeover Government Economic Policy Direction by Urchman200: 7:32pm On Oct 09, 2019
Insult abaribe for all I care ,he is very much on point, is a pity that the government hate truth and those supporting them don't like hearing the truth, enough said about corruption, what is Buhari economic policy nothing but taxation, is a pity that at this point a man who has branded himself Mr integrity has not said anything about cutting the cost of governance all I keep hearing from him is taxation, is has really said much about who he really is.

1 Like 1 Share

Re: Abaribe Says NASS Might Have To Takeover Government Economic Policy Direction by grandstar(m): 7:34pm On Oct 09, 2019
Commentor:


The growth of the economy is dependent on you and me.

Nigerians can continue to act as if government has a magic wand, or say to themselves, I must produce something for my local area or export.

The growth of the economy isn't dependent on you and me. It is fuelled by government policies and business environment.

The same business that fails here may thrive in another clime.

If there are good pro-business laws on ground, it will fuel growth as it will encourage lots of investment

2 Likes 2 Shares

Re: Abaribe Says NASS Might Have To Takeover Government Economic Policy Direction by Nobody: 7:35pm On Oct 09, 2019
dbestuncle:

you sound very correct but I need explain breakeven prices. y d much difference

A very simple explanation is that breakeven price of oil for a country is the price at which a country would be able to earn sufficent revenue after the costs incurred in producing one barrel of crude have been sorted out.

Breakeven prices vary between countries because of two factors

1. Amount of oil each country produces.

2.The population of each of the countries (eg Nigeria produces just as much oil as the UAE , but because our populaiton is above 150million, while UAE is 11 million, the breakeven price differs.).

For a more detailed explanation see this paper: USING EXTERNAL BREAKEVEN PRICES TO TRACK VULNERABILITES IN OIL PRODUCING ECONOMIES (a bit technical...but informative)

1 Like 1 Share

Re: Abaribe Says NASS Might Have To Takeover Government Economic Policy Direction by Ulaga12: 7:37pm On Oct 09, 2019
[s]
Commentor:


Bold is not true.

If you wish to tow that path please cite examples of borrowing for consumption.
[/s]
Re: Abaribe Says NASS Might Have To Takeover Government Economic Policy Direction by Commentor: 7:37pm On Oct 09, 2019
grandstar:


The growth of the economy isn't dependent on you and me. It is fuelled by government policies and business environment.

The same business that fails here may thrive in another clime.

If there are good pro-business laws on ground, it will fuel growth as it will encourage lots of investment






This is all theory.

Let me give an example as outlandish as it may seem.

If all Nigerians were able to produce movies or music for export at wizkid's level, what government policy can stop it?

If you decided to make Adire shorts which happen to catch on globally, please tell me what would prevent it from selling?
Re: Abaribe Says NASS Might Have To Takeover Government Economic Policy Direction by ITbomb(m): 7:41pm On Oct 09, 2019
PoliticalWitch:



Again, oil today is at $58 per barrel. Oil has never been as high as $140 since 2008 (when it was at $145 per barrel). We are already operating at a deficit. Hence...money must be raised...and we are borrowed out.

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