₦airaland Forum

MrTeCO:
Wait ooo.....I've been seeing stupid stupid comments here from most NairaLanders with most of you all missing the real fact......here I Quote...:

Dangote gets a loan of $2Billion n a whole country like Nigeria gets a loan of $6Billion....hmmm smh

Question...!

1. Does that mean that Dangote's cement plants are far almost close to all the infrastructure the GMB plans for the whole country that its diff with Africa's largest population is just $4Billion ? That's awkward.

2. From what I see here, Buhari's govt is only interested in seeing to the full establishment of Northern supremacy in Nigeria's economy for the President to solicit a loan for Dangote's company alone(I know most of you will call me a tribalist but check well you'll see that most of the embattled budget mainly benefits the North)

3. What exactly is that $6b will do in a country like Nigeria if Dangote's proposed cement plants will gulp $2b....?



Please someone with a Reasonable mindset should answer me.....ohh, let the Bashing begin...am ready for it.

aresa:
1. Nigeria is not the west and Nigeria and the west are not facing the same economic struggles..

2. The fact that China accumulates dollars has no bearing on our own economic worries and just to add to that, China can afford to collect dollars as reserves which we should be doing also, but we are incapable of doing that right now since the only avenue is strong export and a very diversified economy which ours is currently not.

3. Since we can are in no position to generate dollars or spend whatever dollar we have at the moment, we must boost our export.

4. Boosting our exports means we must first improve our power supply to make sure our manufacturing factories, industries and the informal sectors down to the air dresser and so on..

5. Boosting since nearly all our manufacturing depends on raw material imports from China, it makes great sense to buy and import via Yuan instead of the dollars.

6. The dollar is too strong to trade with right now and it won't be in our best interest to keep exhausting our meager dollars.

7. Lastly and again, we need to get our acts together first before comparing with other countries with different economic situations and realities. Let's cut our coat according to our size by first growing our local manufacturing and export potentials. This is what generate dollars, not comparisons with other countries like China with strong manufacturing base that translates into dollars regardless.

manny4life:
Oops, is this a reply to @ISpiksDaTroof ? Mr ITK...

Lmao... Hang on, I'm just getting started

Firefire:
The pressure on our reserve apart from the reduced revenue from oil, is not coming from China, but from the west. To me, the only benefits of this deal is to open the floodgate of Nigeria to all manners of importation of useless and fake products from China without any corresponding export. Why

ISpiksDaTroof:
I don't understand how you clowns come on here pretending to know what you're talking about then go on to spill whatever rubbish is bubbling in your brain to the world.

" They have only succeeded in dividing Nigeria and China into Consumption/import dependent economy and Production/export economy respectively", pray tell, Sir, what was 'it' before this deal? Who was the consumer and who was the producer? Please, tell us so we can understand your supreme genius that the OP and the FG failed to recognize.

"Any policy that cannot strengthen our export base in relation to import is useless for now", and are you blind that you didn't see the deal was crafted so that infrastructures that will eventually support exports are also to be built?

"What we need is economy diversification via import substitution strategy of industrialization." Yes, Genius, you're the first person to come up with this line of thought and nobody has heard this before.

You need to shut up and stop pretending you know what you're talking about.

repogirl:

repogirl:
The OP, NgeneUkwenu is definitely high on Chinese tea.

All Buhari has done is to widely open the gates of importation unto China which is funny because we thought he was encouraging locally made products and exportation?


This deal will greatly benefit the Chinese more than Nigeria because now that there is a free flow of importation from China into Nigeria, the demand for Yuan will increase greatly which will increase its value which is exactly the same thing we are facing with dollar.

Don't try to hood wink us, your certificate less president definitely doesn't understand the intricacies of the deal he just made.

funmillion:
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Seun:
I have no problem with trade deals, but anyone who thinks this will strengthen the naira is confused. The only thing that will strengthen the naira sustainably is if we export more (or if the price of oil recovers). Our honourable president's well intentioned voodoo economics didn't work the last time and won't work this time either. He needs to listen to mainstream economists and follow their recommendations. Economics works.

gurunlocker:
You can't comment without attacking, such a manner.... how many percentage has he achieved in 11 months?

herbie27:
So you mean he shld 4get abt the girls?.

Remember that rescuing the girls was one of his campaign promises.

chukwudi44:
well done my brave senators!!! That amendment must be passed into law before the end of next month!!! lets speed it up and ensure it gets to the executive for assent before monday

focus7:
I will not be surprise that there was a human involvement in the conception.

sinceraconcept:
I'm actually used to the rubbish these Saraki's houseboys say,he pays those greedy idiots that are supposed to be concerned about their children's success,Saraki pays them and they come to Ilorin radio stations Midland FM,Harmony FM and Royal FM(Dan kazeem has also joined them). There are these annoying programs on Harmony and Midland FM with these old men spewing rubbish,brainwashing Ilorin people and thinking all Ilorin residents are illiterates . They say all sort of things to make everybody think that Saraki is a saint. I just laugh at their ignorance,awon agbaya baba to ye konma wa ti tawon omo won a se dara. They're all over Ilorin radios idolising and praising Saraki like their life depends on it

tit:
thanks Allah for a leader like Seriki.
buhari want to use hungry to kill people in this country.
but leaders like Seriki is giving government a man face

mrvitalis:
On thing is for sure Sahara reporters are at the top of investigative journalism in this country

Well one day the empire tinubu is building will collapse ans fall on him

God sometimes use bad people to bring about good changes....

chukwudi44:
long overdue!!! Well done senators!!! No one has a monopoly over abuse of powers