₦airaland Forum

kingsolomonjnr01:
Sorry oh... thank God I'm using free Opera mini data

free operamini is just 20mb now. everything is going down step by step

PhiliptheArab:
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And it isn't lke the economy was healthy by the way.


Yes, and inflation fell too. Doesn't mean the economy was healthy, plus we were still heavily dependent on oil..



Oil was on an upward trajectory then, plus our forex needs were not as much as they are now.
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Thats for you. For me, breakeven means that Nigeria is not earning enough and we have to diversify our economy pronto . Which is why I don't support either apc or pdp....neither have ideas for diversifying our economy.



Print more money and get more inflation.....

Okay.

Plus guess what we would use to print more money....scarce forex.

I'm surprised you suport a Tnubu idea. An idea that was claptrap.



I didn't support the border closure because i saw it as government avoiding the deregulation elephant . Plus it was rddiculous.


And where do we get most of our forex? Oil income. Yaradua was able to leave $60 billion in the reserves when he passed on because we had high oil pricess, including a record high of $100 and above in 2008. .


Which in a way is what the gvernor is doing...dollar restrictions.




Yeah, so he is a government appointee. What else is new.

Actually the reason why i am defending him is simple. He does not write the overal policy It is his boss the Minister of Finance and the President who do..and they are portectionists unlimited....and subsidy supporters. Whose hand got forced by low revenue from oil.

Plus if oil is not so important, why do we talk about it soo much?

We must deregulate...whethr Buhari orAtiku like it or not. We need the investment and the jobs, and the eventual low petrol prces.

A quick correction. The minister of finance is not a boss to the CBN governor.
Deregulation without adequate means of protecting businesses esp small businesses is a recipe for job losses.

Gkay1:
free operamini is just 20mb now. everything is going down step by step

truly, I remember when it was 50mb.

kingsolomonjnr01:
truly, I remember when it was 50mb.

soon free operamini will not work anymore. so prepare to buy data or subscribe