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Nairaland Forum / Nairaland / General / Politics / World Bank To FG: Reform Now To Stop Further Slide Into Extreme Poverty (20554 Views)
More Nigerians, Africans Will Fall Into Extreme Poverty, World Bank Predicts / Court Orders EFCC To Stop Further Action Against Okorocha / 1.1m Nigerians Slip Into Extreme Poverty In Four Months (2) (3) (4)
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Re: World Bank To FG: Reform Now To Stop Further Slide Into Extreme Poverty by Nobody: 10:28am On Dec 03, 2019 |
jahsharon: ''https://www.nairaland.com/3338562/buhari-approves-borrowing-world-bank"" Are u well @ all? 2 Likes |
Re: World Bank To FG: Reform Now To Stop Further Slide Into Extreme Poverty by Nobody: 10:29am On Dec 03, 2019 |
Mcreloaded: Do u still understand English? Read the post again. |
Re: World Bank To FG: Reform Now To Stop Further Slide Into Extreme Poverty by Laslaslala: 10:38am On Dec 03, 2019 |
designking:Before you ask them now they will rush and tell you that ibo doesn't know politics They are busy playing politics of poverty that keeps majority of their people in poverty If you see how ofe mmanu people gnash their teeth while trying to buy stuff from my shop I begin to wonder Most of those my customers can no longer afford the drugs they used to buy even simple daily groceries like body cream is now a luxury for them. We IBOS will always wait for you in the shop, all the money your clueless government added while creating a difficult business environment for us will get back at you,life doesn't waste time to balance things,because everything will be factored into the price since profit is the aim |
Re: World Bank To FG: Reform Now To Stop Further Slide Into Extreme Poverty by 0monnak0da: 10:48am On Dec 03, 2019 |
GEEBITE:I read it name one just one suggestion that the World Bank made that will help us JUST ONE Stop being evasive ONE Suggestion and let us talk about that one I do not see anything concrete that will address poverty So you tell us and stop waffling |
Re: World Bank To FG: Reform Now To Stop Further Slide Into Extreme Poverty by EmekaMD(m): 11:07am On Dec 03, 2019 |
Dollarheist:Despise their advice but run back to them and beg for loans..ewu 2 Likes |
Re: World Bank To FG: Reform Now To Stop Further Slide Into Extreme Poverty by Onemanonevote: 12:17pm On Dec 03, 2019 |
Dollarheist:......And taking APC led Government economic theory and advice is the most evil that visited Nigeria in the recent time. You are truly one the enemy of this great country. While Buhari and his gang by excess borrowing without positive impact on our economy and no viable capital project, some online LAZY youths blows the trumpet of a failed government. Take note that your adorable Buhari and his gang is about to borrow another billion of Dollars. 2 Likes |
Re: World Bank To FG: Reform Now To Stop Further Slide Into Extreme Poverty by GEEBITE: 12:19pm On Dec 03, 2019 |
The world bank will not split skulls open to explain line by line like a kindergatten class.There is an assumption they are dealing with or talking to learned people in field of economics and finance. However some of the solutions proffered are below,now left for your policy makers to drive it. "The World Bank urged President Muhammadu Buhari to increase domestic revenue , remove trade restrictions and improve the predictability of economic policy . It also advised the Nigerian government to remove expensive fuel subsidies and reduce lending to targeted sectors “ that crowd out banks .” If you dont see a single solution in what was mentioned here,there is no need for us to argue. The points are unequivocal and if you are looking for a grammar debate,I am not up for that. 0monnak0da: 2 Likes |
Re: World Bank To FG: Reform Now To Stop Further Slide Into Extreme Poverty by ForbesHomesNG(m): 12:38pm On Dec 03, 2019 |
Criticaltemp: 1 Like 1 Share |
Re: World Bank To FG: Reform Now To Stop Further Slide Into Extreme Poverty by ForbesHomesNG(m): 12:44pm On Dec 03, 2019 |
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Re: World Bank To FG: Reform Now To Stop Further Slide Into Extreme Poverty by Ifyz0001: 12:59pm On Dec 03, 2019 |
How? nototribalist: |
Re: World Bank To FG: Reform Now To Stop Further Slide Into Extreme Poverty by Dabson360: 2:06pm On Dec 03, 2019 |
jahsharon:you are in pains |
Re: World Bank To FG: Reform Now To Stop Further Slide Into Extreme Poverty by 0monnak0da: 2:10pm On Dec 03, 2019 |
GEEBITE: Excellent 1. Increase domestic revenue . Please explain how that will remove poverty 2. Remove trade restrictions . Is there any examole of any country that has reduced poverty by doing this? Is there any country without trade restrictions. How unrestricted is trade with the US, the EU etc 3. Predictability of Economic policy . Exactly what does this mean? How predictable is economic policy in the US ,Britain etc I agree 100% with the removal of fuel subsidy but not BECAUSE it will "reduce poverty" . It certainly will NOT do that Reduce lending to targeted sectors that crowd out the banks Is there any country in the G7 (wealthiest countries) or China etc that do not lend to targeted sectors? We are asked to "reduce" from what to what what is the recommended level What are the sectors we are talking about, I believe agriculture is one of them. and the greatest beneficiary So we should stop that? HOW will that REDUCE poverty?? HOW does government activity "CROWD OUT " banks how do we measure and determine that banks are crowded out In the US and the EU government lends to banks at 0% or LESS ( yes Less that is not a typo) and in Nigeria lending is 20% or more. The reality is none, again NONE of the World Bank's recommendations will reduce poverty. There is no mention of investment in education,training and entrepreneurship or health. No advice on how to develop our power generation or transmission. No advise on how we can reduce gas flaring or increase our utilization of gas instead of firewood rather some meaningless and patronizing twaddle that they do not practice in their own countries. You are not as smart or knowlegeable as you obviously think you are You do not know You do not know you do not know You think you know You have no one to tell you |
Re: World Bank To FG: Reform Now To Stop Further Slide Into Extreme Poverty by inyenejo(m): 3:06pm On Dec 03, 2019 |
This is by far the most corrrrrupt regime ever in the history of this country. We sane minds apologise to Abacha and his family because we have finally seen the most corrrrupt Presidiot....Tufiakwa! |
Re: World Bank To FG: Reform Now To Stop Further Slide Into Extreme Poverty by GEEBITE: 3:30pm On Dec 03, 2019 |
You know all these and you are not the MD of world bank. Obviously you are not an economist or at best a pseudo one. The Language of economic institutions are esoteric just like the law profession. There isn't much time to be engaging you on item by item because of typing constraints. 1.They know you know how best to raise your revenue.Just do it whatever way you like be it taxation or devaluation so Govt can have more money to spend to stimulate the economy.How do you think Govt in US and UK raise money. 2.China,India,Singapore,Indonesia are examples 3.Just what predictability means.Be consistent in your policies and no flip flops. FYI what you just read in that news item is a summary or an excerpt of a detailed report. The detailed report which they release periodically are quite lengthy and cover all those bases where the answers to your questions can be inferred. You can always access it if you are interested and you have the time. I absolutely agree with you.I am not smart and knowledgeable if that makes you feel better. Cheerio 0monnak0da: 1 Like |
Re: World Bank To FG: Reform Now To Stop Further Slide Into Extreme Poverty by Caution30: 5:14pm On Dec 03, 2019 |
horsepower101:Sounds Scary! |
Re: World Bank To FG: Reform Now To Stop Further Slide Into Extreme Poverty by Legendguru: 5:54pm On Dec 03, 2019 |
Ok |
Re: World Bank To FG: Reform Now To Stop Further Slide Into Extreme Poverty by sulaak(m): 6:18pm On Dec 03, 2019 |
jahsharon: China's policy is why our debt has shot up to nearly $90 billion. Nigerian contractors should be able to build a simple university , I have seen the design of private owned universities, built by local contractors and they are much better and cheaper than made in China university. |
Re: World Bank To FG: Reform Now To Stop Further Slide Into Extreme Poverty by 0monnak0da: 6:46pm On Dec 03, 2019 |
GEEBITE: Like I said you do not know and you do not know that you do not know China and India are examples of countries that removed poverty by easing trade restrictions FYI India was granted exemptions for decades from WTO rules and has much more restrictions on trade than Nigeria which has been a dumping ground for decades Your comment on China easing trade restrictions is indeed a BAD joke. Why is China embroiled in a trade war with the US It is better for a person suspected of being foolish to remain silent rather than speak and confirm the suspicion, The World Bank has not advocated any of the things that would address poverty in Nigeria Investment in education and training Building human capital Investing in power Investing in water and sanitation Boosting local consumption of gas Instead it is advocating stopping agricultural subsidies China which you cite as a bastion of free trade was ruled against in March by the WTO because of agricultural subsidies https://www.washingtonpost.com/politics/2019/03/04/wto-just-ruled-against-chinas-agricultural-subsidies-will-this-translate-big-us-win/ The rich countries subsidize their agriculture and that is fine but we are "advised" to stop that as a way of reducing poverty and clowns like you echo that nonsense as if it was written among the Ten Commandments |
Re: World Bank To FG: Reform Now To Stop Further Slide Into Extreme Poverty by LeoThaGreat(m): 9:52pm On Dec 03, 2019 |
GEOANDSONS: I've been seeing your 'ad' on NL lately. You're likely advertising to people who don't need or want your product. MY ADVICE ON SALES STRATEGY: 1. Come up with a simple but neatly designed, brochure with nice copywriting pitching your products, with nice price tags on your products, printed on quality paper materials. 2. Collate as much contact as you can in the Procurement Department of as much organisations you can. (Don't restrict yourself to the Procurement Department alone in some cases) 3. Send your brochure tagged with your business card by direct mailing to the Procurement Department of those organisations (along with a gift token e.g. Branded flash drives, branded key holders, etc). I think I've tried. For more detailed strategy, contact me AcmeDigitalCo@gmail.com Shalom |
Re: World Bank To FG: Reform Now To Stop Further Slide Into Extreme Poverty by 0monnak0da: 4:34am On Dec 04, 2019 |
It is funny the World Bank is singing this song of removing trade restrictions in 2019 In 1898 the UK attacked China because of that same issue because the Chinese refused to allow them to sell opium to its people. The result the Chinese were forced to cede Hong Kong to Britain for 99 years In 1860 the British Annexed Lagos Islan because of "Trade restrictions" It was this same TRADE RESTRICTIONS that led to The removal and exile of Jaja of Opobo The arrack on and destruction of Benin in 1897 The annexation of Nigeria by Royal Niger Company and subsequent colonization That same rhetoric has been swallowed as gospel by some nitwits with no capacity for independent thought Now the British do not need the Royal Niger Company to do their dirty work for them because they have these Nigerians on ground to proseletize for them 1 Like |
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