₦airaland Forum

olaboy33:
OP abeg add Oga Fash too..

he also took time to congratulate the players

waiting be ur problem sef. U no get hand to create ur own topic so u can mention fash and ur entire family.. rubbish

Guestlander:
Why is she still being followed around by soldiers and the Police?

Somalian impostor wanna be Nigerian.. here in Nigeria we don't reason via our ears..get minute sense abeg

niceprof:
Because she is the wife of the former president and COMMANDER IN CHIEF ,OF THE ARMED FORCES of the federal republic of Nigeria.

don't mind that idiot. A Somalian imposter wanna be Nigerian

Cinkq:
Every country has its own problems just as every family has its own challenges.

Recently close to 1000 US diplomats in Russia were sent home.
I can even count more than 20 european countries with more serious problems and challenges than Nigeria .

I don't know why some people tend to rejoice whenever there is uninspiring News about Nigeria?

pls Mr tell us. Were the 1000 American diplomats evicted from Russia because the US government was not able to fund the financial needs of the embassy? Don't try to be smart by half

Bayajidda1:
This suit will go a long way in determining the fate of the Biafran agitations, the career of Yusuf Tukur Buratai and the legality/illegality of the deployment of the country's military by a section of the country against others.

Let the mentions begin!

E be like say u just start work for BMC ooo...this one way u dey jump on every topic just to register ur comment.. take am easy ooo..

omohayek:
Your response displays both an ignorance of basic economics and serious shortcomings in your reading comprehension. Just because nominal interest rates were high doesn't mean real interest rates were even high enough to keep up with galloping inflation. An interest rate of 17% when inflation is running at 19% actually means real rates are negative by -2%. As for the relevance of my policy prescriptions, I would think they'd be obvious to anyone who actually understood what I wrote: these measures would have made it unnecessary for the CBN to fund the government through such underhanded means.


I won't waste any more of my time responding to your meandering rant except to say that it shows your own understanding of even basic economic concepts is as lacking as Buhari's. You talk about privatization having "mixed results", even though you probably dashed out your rant over a privately-run mobile line; do you remember what telephony was like during the NITEL years, or are you too young to even know what I'm talking about?

u don't need to bother responding to micro and macro economic illiterates that are not rational enough to comprehend and properly analyze monetary policies that are toxic to what a proper economy should work like. Their ways of thought are always we against them,apc against PDP. That had being our major problem as a nation.

Blue3k:
Typically it doesn't though which why I cite Japan and US. They have been doing doing QE and inflation stayed at 2%. The Federal Reserve bought Mortgage backed securities, treasuries other securities. Keep it mind the federal Reserve exchange the toxic asset for cash to keep it reserves. That why we don't see the massive inflation you might expect after billions have been spent.

Yes it does make rich richer. They banks can make money in stock market but they also win during riding rate environment like they are currently doing. They remind me to buy doesn't go up too much since they're not loaning most money they get. They corporations don't want to increase wages yet.

we are both saying the same thing to a large extent Mr. That was why I said something is seriously wrong with QE. It's either there is a major distortion at the extreme point of the operation that is supposed to yield the desired result which is corporate profit,higher wage growth,higher consumer spending and higher inflation. I don't agree that current weak inflationary pressures in the US is all as a result of the Fed exchanging the bad debt instruments to cash so as to keep its reserve. Of course that is part of QE operation. The Fed is expected to swap it's asset holdings when the yields of those securities begin to notch higher in the long run. So to me,the infectiveness of QE has a lot to do with corporate institutions rather than the operation itself. On the aspect of Japan.its problem is more of a demographic imbalance rather than the effectiveness of QE to yield higher inflation. About sixty percent of the Japanese population is above 50 if am not mistaken. So there is a problem with the labour force in the country. That is why international financial and economic agencies like the IMF and world Bank are calling for a soft landing of the enclosed traditional society settings of Japan so skillef foreigners can flood the domestic labour market and help boost its work force and help push up consumer inflation too.

chloride6:
Don't you feel that this could be attributable to the enormous increase in the national accounts?

from the graph attached you can see that broad money supply in the economy has been on the steady rise adding nearly 2 trillion in the short interval of 2 months between october and december 2016. It only began to drop this year around when the high interest t-bills sale began.

Anyway, alarmist views like this will do our country no good. It will only dampen investor confidence in our economy.

we won't be seen as being serious if we keep using magical economic and financial markets operations. U talked about national account,i guess u mean current account. A current account is an account that entails the aggregate income of a Nation. A nation Can only have a current account surplus if the balance of trade is in the positive of which we don't have and can't seem to have in the nearest future since we are still heavily import dependent. That chart of yours has absolutely nothing to do with the Treasury bills market operations. If a government will engage in its own t-bills operations all in the name of having a robust liquid market,then we shouldn't be complaining about speculators spoking asset prices in the shot term just to make profit. It's just like a company engaging in a shear buy back operation. U only end up inviting short timers and not long timers. Such operations also shows that something is wrong with the underlying fundamental macro economic factors of the economy. Long-term,large money investors want to see longer term confidence for them to come in. And this can only be achieved with serious fiscal and monetary policy implementations of which we can't clearly see for now. The drop in broad money supply I think is as a result of the fear of the CBN in reducing the excess liquidity injected into the economy so as to reduce real naira supply.[/quote]

[quote author=chloride6 post= that's the problem with some of us. We always think rational observation is always a way of attack the current govt. U think they are perfect?[/quote]

[quote author=chloride6 p[/quote]u think so?

huntila:
It is amazing that topics like this do not get enough Educative, Insightful and robust contribution for and against on Nairaland. This is the Economy we are talking about with insightful revelations.If it is entertainment or silly topics, people will hopelessly play out their ignorance and begin the Tribe card. I have listened to Prof Garba who is a member of this CBN Mpc. I believe he would not cry foul where there is none.

that is to show u the level of intelligence people on this forum have. Most people here and to a large extent Nigerians do not like the term "Brain storming" it scares the shit out of them. They are comfortable with skewed linear reasonings and mind fantasy events like u listed. Our poor educational system and nature of the country is to blame too. They stay away from such topics because they just don't understand what is being discussed. so they have absolutely nothing to contribute

omohayek:
But thanks to this cowardice Nigeria has now suffered the worst of both worlds, high inflation and the first recession in 25 years. Russia did most of the right things, and despite also having to deal with Western sanctions (because of the Crimean invasion) Russia has neither suffered Nigerian levels of inflation nor Nigeria's radical economic slowdown.

As for the privatization thing, I know I sound like a broken record on this, but Buhari's refusal to do anything about it can't be understood without thinking about the ethnic angle. There's a reason why the only other Northerner to rule since 1999 was also strongly opposed to privatization: Nigeria's bloated public sector, with its "federal character" obligations and whatnot, provides a huge source of patronage to northern politicians, and privatization would mean all these northerners would be forced to compete with their southern counterparts purely on the basis of merit - and there's no question what that would mean in terms of who gets employed and at what levels. The degree to which the Nigerian state is rigged to favor Northern interests is easy to underestimate if one just looks at federal allocations.

One of the consequences of the northern inability to compete on the private sector's level playing field is that northern elites aren't all that bothered about losing out on the opportunities a stronger private sector would provide. After all, it's not as if most of them would be in any position to take advantage of said opportunities, so why should they care?

u be real man. An elder and a well studied professional..keep making sense please.

Blue3k:
These accusations are serious. It would lead to future inflation down the road if the money lend gets onto general money supply. Anyway the crowding out is most concerning thing. If private sector can't get credit we are biting time for oil recovery.



This is really odd. QE doesn't cause high inflation as seen on USA and Japan that both did it. The interest rates were kept steady since they essentially played with yield curve by buying treasuries. Is Nigeria really doing QE?

QE ordinarily ought to lead to higher inflation. But when monetary policy authorities focus more on outright buying of corporate securities so as to give life to failed institutions,it leads to asset price bubbles like it's happening with US equity markets rather than growth in the real sector. So QE is only making the rich richer in as much as it's operations are fixated on corporate bond buying instead of real money supply to the private sector that should lead to higher profit returns to corporations and then higher wages for employees,leading to higher spending growth which then should lead to higher inflation. Something is seriously wrong with QE operations worldwide

ObaKlaz:
Wooah! 52 Inch?! That's on the same level with Cherokee D'ass!!!

xvideos and pornhub Marchant spotted. Lolzzzz

APC perfecting their 2019 rigging result format.

This mumu freeze way dey come bleep one dirty old cargo lady for royal avenue,odili road for portharcourt go dey talk trash always online. The lady get full array of fractured skin cracks around her leg and feet. Him go dey come online d deceive himself. I plan to break him jaw if say him F'up when I jam him and the aunty for the mini supermarket around my area. Jonsing man.

aieromon:

haha... agbero jam pickpocket...motor pack jam original Weinnnn....

emmyspark007:
Naija girls and love of money eh

lolzzzz.. waiting u expect from traveling olosho...see her picture,u go know say she be confirm Candy shop..they are ready to bleep the devil just to get the Benjamins and the good life

Is naija a contry? We are finished as Nigerians..d same router used by Airtel is the used by Emtel here in Mauritius. 8,700naira for unlimited 75GB monthly usage. As am typing,i dey watch Newcastle vs West Ham live streaming...I still dey play music via YouTube non stop.. excellent network..light 24/7.. any foreigner or company that comes to naija treat's us like shit,cos our own government treat's us like shit..so no blame Airtel...

PassingShot:
And who are you please?

Reveal your identity so we know you're what you claim to be.

hahaaa...u get time to reply that jobless 50year old man with 5kids... person way dey spend 20hours a day here on nairaland posting trash dey talk about being in a league of elites..shior....

Episteme2:
Abeg, find another thing and tell us. This is stale. People are tired of reading this your hard drug rhetoric every time.

do u think that person is human? Na only computer programmed robot dey act and talk the same way as programmed..lol

freshvine:
See rochas, confirm betrayer and Muslim puppet in ibo land

Rochas is the psycophant of the century..PYO seems more sensible..

Okoyiboz3:
The SS is rich in Crude oil,
The SW has a robust economy and Infrastructure
The North has Agriculture and Politics,

The SE has... erosion.

don't be a naïve little infant..try to be sensible sometimes pls...the SE is the giant in commerce in Nigeria remember. If only all regions can focus in developing their area of strength,n naija for don go far..

UNIQUELADY1:
GEJ GAVE IT TO THEM

and their elites condemned and finally destroyed it. They knew it will put an end the their hegemony on the poor masses... The leaders in the north hated GEJ because they understood his game plan. His plan was to emancipate the large northern poor and illiterate population via education...for that was the only eternal gift he could give them. But unfortunately,their barbaric leaders made sure they never see the hand writing on the wall...it's a Shame.

sarrki:
You sound patriotic


Having said that

Our country is in safe hands

ur idiocy seems to be irredeemable...I guess u are taking a refuge and in aso Rock... Nigeria is in safe hands indeed..

vicfuntop:
. So because they like girls they are crazy. All these homophobic people sef

L boss spotted..���... better change ur ways..

9jakohai:
While I won't mind if PMB leaves office to properly take care of his health, the issue is you don't sack a worker in the middle of a chronic illness unless the employment contract specifically permits it.

After all I have personally known a chief exec who was laid up for over 3 months with injuries from an accident who was not sacked, and resumed his post after a full recovery.

Plus, Osibanjo is acting president. Govt is still working.

pls read through the lines and get the complete situation of things.. the example u gave at least had the company in mention having a full knowledge of the exact physical condition(accident) that the chief executive was in. In the case of pmb, for 3months,the employers of pmb(Nigerians) do not know exactly what is wrong with their staff. Do u think that company would have continued to retain that chief executive if he went AWOL claiming to be sick without the firm knowing exactly what is wrong with him? Not all Nigerians are politicians or connected to politicians...we just need a functioning country

BUHARItesticles:
Comparing Nigeria of today and America of 1919 is the lowest APC could go in ridiculing our nation. This is shameful

chai my brother..this ur comment touch me no be small. Naija is dead and long buried..

Mind you,the investment firm that owns PSG(QSI) is a firm that fronts for the Qatari government. In other words,PSG is owed by the government of Qatar. See investment way sensible human beings dey use the money from their God given wealth dey do. Naija Na competition of who go loot pass our leaders dey do...

sarrki:
OK

Ephi123 and greatgod2012

Come and see oooo

I missed this two patriots

u dey call for backup from ur likes...u never see anything