Blue3k:
These changes would be great but they wont do it. Buhari's economic policies have proven to be failures. Nigeria consistently had low growth and high rates of unemployment every quarter. The central bank policy was contradictory on its face. You want strong currency that encourages imports. Then you ban goods arbitrarily because you save forex to create jobs.

Lol people will foolishly argue the IMF is turning them into slaves like they forced them take money. Everyone knows the IMF is the lend of last resort. If the country fixed it's economy itself you wouldn't be running cap in hand.

Blue3k:
These changes would be great but they wont do it. Buhari's economic policies have proven to be failures. Nigeria consistently had low growth and high rates of unemployment every quarter. The central bank policy was contradictory on its face. You want strong currency that encourages imports. Then you ban goods arbitrarily because you save forex to create jobs.

Lol people will foolishly argue the IMF is turning them into slaves like they forced them take money. Everyone knows the IMF is the lend of last resort. If the country fixed it's economy itself you wouldn't be running cap in hand.

Blue3k:


Ok liar please keep your foolish comments to yourself. You clowns like you running you mouth till it's time to bring quotes.

olaniyilukman:
You be mumu I swear, for how long are we going to depend heavily on products we can produce locally. The more we import these products, the more our economy will be in shambles. More foreign exchange will be required to facilitate this transaction and it will render our local currency useless and also wipe out industries that produce similar products in Nigeria thereby creating a huge room for unemployment...

Openbusiness:
Till today, since 1999 civilian rule started, OBJ government remains the best of all the useless governments that have come and gone. Yes, OBJ government had many flaws but it is by far the best of them all. Same price oil is selling NOW is the same price it sold when OBJ was in power yet he performed better than all these other useless governments combined, especially this ZOohari government that is the worst civilian government in Nigerian history. During OBJ time we know what the naira to dollar exchange was, around 1/3 LESS of what it is today, and he got our foreign debt of billions of dollars cancelled, foreign investors were rushing Nigeria like gold, he built a strong economy that international bodies were eager to invest in, Dangote blow like mad, Music industry blow, commerce blow, agriculture blow, telecoms blow, everything start to gather momentum. I'm sure if Nigerians had seen the future and had known it would be as terrible as this Zoohari government, Nigerians would have approved it for the Senate to keep OBJ in power for 8 terms sef, he would have done far better than this one that loves cows more than human beings. OBJ practiced federal character to the core, he carried every region along, not like this one that is the most tribalistic government we have ever seen in this country.

Openbusiness:
Till today, since 1999 civilian rule started, OBJ government remains the best of all the useless governments that have come and gone. Yes, OBJ government had many flaws but it is by far the best of them all. Same price oil is selling NOW is the same price it sold when OBJ was in power yet he performed better than all these other useless governments combined, especially this ZOohari government that is the worst civilian government in Nigerian history. During OBJ time we know what the naira to dollar exchange was, around 1/3 LESS of what it is today, and he got our foreign debt of billions of dollars cancelled, foreign investors were rushing Nigeria like gold, he built a strong economy that international bodies were eager to invest in, Dangote blow like mad, Music industry blow, commerce blow, agriculture blow, telecoms blow, everything start to gather momentum. I'm sure if Nigerians had seen the future and had known it would be as terrible as this Zoohari government, Nigerians would have approved it for the Senate to keep OBJ in power for 8 terms sef, he would have done far better than this one that loves cows more than human beings. OBJ practiced federal character to the core, he carried every region along, not like this one that is the most tribalistic government we have ever seen in this country.

evergreen9:


The uglyfat yam legged woman cleared all our debts but then you fools went on to hire a polytechnic attendee as minister of finance and the rest as they say is history

Oguieke:
AGU NWANYI!

quentin06:
A borrower has no choice they must comply.

But I feel sorry for the masses, politicians use these funds to enrich themselves, after 4 years it becomes another governments burden and the masses have to grapple with devaluation, reduced purchasing power, higher cost of living and high taxes , too bad.

Blue3k:



Mumu which one of these products did you become sufficient in due to the import ban. The import ban doesn't address the productivity issues. Are you self sufficient in beef production or are you still importing cows? The import bans also make manufacturing more expensive.

The policy increased unemployment and led to low growth clown. The ERGP failed all its targets. The exact opposite of what you morons claim happened but you guys still run your mouths. Even simple things like unifying the exchange rate was resisted by the CBN.

AlhajaChinyere:
Useless, indisciplined race of idiots. Black Africans will suffer from generation to generation. Like stupid slaves they will spenf the borrowed money on consumer products to big up against each other.

190m idiots that produces nothing!

Blue3k:



Mumu which one of these products did you become sufficient in due to the import ban. The import ban doesn't address the productivity issues. Are you self sufficient in beef production or are you still importing cows? The import bans also make manufacturing more expensive.

The policy increased unemployment and led to low growth clown. The ERGP failed all its targets. The exact opposite of what you morons claim happened but you guys still run your mouths. Even simple things like unifying the exchange rate was resisted by the CBN.

Blue3k:
These changes would be great but they wont do it. Buhari's economic policies have proven to be failures. Nigeria consistently had low growth and high rates of unemployment every quarter. The central bank policy was contradictory on its face. You want strong currency that encourages imports. Then you ban goods arbitrarily because you save forex to create jobs.

Lol people will foolishly argue the IMF is turning them into slaves like they forced them take money. Everyone knows the IMF is the lend of last resort. If the country fixed it's economy itself you wouldn't be running cap in hand.

AlhajaChinyere:


Idiotic moronic talk. In economics there are time horizons called short term, medium term and long term!
In the longer term we are better off STOPING all importation otherwise we will become pure slaves in our own country.

Blue3k:


Source: https://nairametrics.com/2020/04/30/imf-list-unpopular-policies-cbn-must-reverse/

anonymous1759:

Stop all these Grammar, nothing good comes easy the best way to improve local production is to ban foreign goods, we can open up when Nigeria economy is sufficient to compete.

Every country passed through a tough time building her economy. If we build our local industries unemployment will reduce. Maybe you're affected by the policy that's why you're angry but any citizen who's not selfish will agree with the ban of 41 items. Let Generator ban comes next. You'll see the drastic change in power sector.

Nigeriabiafra80:
Buhari have sold the country

AlhajaChinyere:


Dull inexperienced? How did the ugly fat yamlegged world bank woman do?
Until we as a people start producing what we consume we might as well stop procreating!!! We are currently just surviving and of no use to the world!

Blue3k:


Egypt followed steps by the IMF and improved. The avhieved higher economic growth and lower unemployment rate after 2016. Instead of whining about IMF suggestions why not ask yourself why Buhari policies failed in every metric. The ERGP failed targets and unemployment rate kept climbing.

Blue3k:


Egypt followed steps by the IMF and improved. The avhieved higher economic growth and lower unemployment rate after 2016. Instead of whining about IMF suggestions why not ask yourself why Buhari policies failed in every metric. The ERGP failed targets and unemployment rate kept climbing.

Blue3k:


Egypt followed steps by the IMF and improved. The avhieved higher economic growth and lower unemployment rate after 2016. Instead of whining about IMF suggestions why not ask yourself why Buhari policies failed in every metric. The ERGP failed targets and unemployment rate kept climbing.

diplomat058:
Oga, you are allowing the IMF to deceive you with false statistics. Why don't you present the Egyptian narrative of the economic growth to counterbalance your IMF claims? The consensus in the circles of Political economists is that IMF is a vendor for its western owners and always push for liberalization for imports to outcompete and kill local industries. Where is Egypt today? Ask Ghanaians for their experience. What about Columbia? The stories are the same.

When South Korea used local and foreign capital and facility loans to industrialize in the '70s and '80s, the West attributed the development to the use of neoliberal measures, a claim refuted by the Korean Government. we all read about how Park Chung Hee nationalized the financial powerhouse, power, iron, and steel, and attached death

Blue3k:


Egypt followed steps by the IMF and improved. The avhieved higher economic growth and lower unemployment rate after 2016. Instead of whining about IMF suggestions why not ask yourself why Buhari policies failed in every metric. The ERGP failed targets and unemployment rate kept climbing.

Yankee101:
The IMF always trying to control developing countries

Improve imports and flood your country with cheap, substandard foreign products of their masters. They'll never talk of growing local content

All cos of small $3b, which if we had diversified our economy shouldn't be a problem. Okonjo created an excess crude account, Ameachi took her to court to share the money. Today nko?

Dpharisee:
IMF conditions are not for African economies to achieve growth or they will become irrelevant as no country will need there money anymore.

Allow Igbo business men to negotiate on our behalf with IMF and they won't be able to cheat us and not career civil servants doing it. The average Igbo man will never trust a White man and would ensure that every Kobo counts. Ask GTB and Innoson

Blue3k:


Lol you're hopeless case. Even when you see your policies failed miserably you just start rambling platitudes. These policies you advocate for hard business business. The best way to improve local productivity is buy having lower interest rates and making it cheaper to operate in Nigeria.

Nigeria rice policy failed to achieve self sufficiency. The best way to get towards thst goal is with mechanized farming. Eliminating the land use act there by allowing famers to access use loans easier is works aswell.

No clown you won't see a drastic change in the power sector. You dont allow power companies to charge market rates for power.

rusher14:


Nigerians aren't interested in diversifying.

Didn't you see the resistance by the populace to ordinary local rice production?

Is it the same set of retards you expect to embrace even more technologically savvy processes?

bbode1:
The only way to generate more cash flow and increase employment is to place ban on the 41 items. Which the Nigerian economy as done. And it's yielding effects on rice production already. Imf policy to remove those ban will only cause a ripple effect on what the Nigerian economy is trying to grow. Yes we need forex. But the only way is by generating more goods for export in which we have a superlative advantage.
For now, it's the oil.. But we have the population and population is power.
I advise the government to copy from China. We need a micro economy country where the power of the economy is on the small scale businesses.
The only way is by banks granting loans to small business owners. The cbn needs to check some of its monentry policies. And pull down the rigged method of borrowing money from the bank