₦airaland Forum

TonyeBarcanista:
A mixture/blend of capitalism and socialism remains the best

Capitalism or Socialism or even both stands to enslave the people if not done with self-sufficiency in sight and properly. When we import what happens to wealth that's suppose to circulate in the economy is that it is exchange for goods produced by foreigners (employs foreign hands) and wealth is transferred to foreign hands(capital flight). Our own form of economy isn't capitalism/socialism 15% of the way. We simply harrass govt from LG, to state to FG for money either via dollar subsidy, petroleum subsidy, religious trip, training stipends, or unproductive hours in govt employment.

Naija9090:
SE is the epicenter of capitalism in Nigeria. SW and North is largely socialism...depend so much on federal allocation.

Don'tconfuse you going to china to dump FG subsidized dollar in exchange for goods that employed chinese in its production into Nigeria economy amounts to capitalism. Innoson for example can't boast of 5% local input into its final products. The people you call socialist dominate the industry for providing your most basic needs. Transportation, Housing, food.
For shelter industry i give te SEners 30%

Buhari is on the right track here. No devaluation is needed. The dollar account of all exporter should fund the import needs of importers. If our claim as Nigerian that we are hardworking is true then we should have enough dollar reserve from exporters to satisfy the needs of importers. What we have had is a case of govt giving out dollars from oil sales to importers who add no value to the system but help promote capital and employement flight. Nigerians have been net consumers i.e technically relatively unproductive for too long, if you are truely productive and reasonably competitive, sell your products and services to the dollar market and buy what you need with the dollar earned, not you going to govt for dollars. Buhari can't subsidize every toothpick, mascara, toothpaste, noodle, DSTV subscription with non-existent Dollar that isn't his fault.
Importation of those things means a foreigner is employed for its production and the wealth generated in Nigeria has been transferred to the foreigners' hand for the forseeable future. For even offering to give hard earned Dollar out at a low rate to importers of certain items is a plus from Buhari govt. As long as we continue to hide behind man-know-man format to earn from govt(oil), there will continue to be naira devaluation in exchange markets.

Buhari is on the right track here. No devaluation is needed. Let the dollar account of all exporter fund the import needs of importers. What we have had is a case of govt giving out dollars from oil sales to importers who add no value to the system but help promote capital and employement flight. Nigerians have been net consumers for too long, if you are truely productive and reasonably competitive, sell your products and services to the dollar market and buy what you need with the dollar earned, not you going to govt for dollars. Buhari can't subsidize every toothpick, mascara, toothpaste, noodle, DSTV subscription with non-existent Dollar that isn't his fault. Importation of those things means a foreigner is employed for its production and the wealth generated in Nigeria has been transferred to the foreigners hand for the forseeable future. For even offering to give hard earned Dollar out at a low rate to importers of certain items is a plus from the Buhari govt. If you are productive and competitive on global standard, then earn your own dollar. What we are paying for today isn't really oil earning reduction but lack of productivity and global competitveness in time past.

A man who couldn't run NTA, host a party, have a Cinema for average Nigerian thinks he can tweet his way to political followership.

boluwatife66:
Have you heard of round triping? well SLS made it clear that ur idols policy has never worked any where. I am not against indeginisation policy, but dont u think there is something foundamentally wrong with buhari's administration? in 1983, he came and blamed shagari of wastage and the economy was almost colapse b4 IBB came and things changed overnight....this is 2016 you guys are aso blaming GEJ for the rot of 16 yrs, forgeting that importation of staples did not start yesterday. our failure as a nation is in our past and unfortunately for u buhari is part of it.

Stop throwing around irrelevant jargons. Round tripping is out of this one,

iamfreshmontana:
COUNTRIES BUHARI HAS VISITED IN JUST NINE MONTHS
(300 DAYS) IN OFFICE
...
1) Niger Republic (May 2015).

2) CHAD (June 2015).

3) Germany (June 2015).

4) South Africa (June 2015).

5) United Kingdom (May 2015).

6) USA (July 2015).

7) Benin Republic (August 2015).

France (September 2015).

9) Ghana (September 2015).

10) India (October 2015).

11) Sudan (October 2015).

12) Iran (November 2015).

13) France (November 2015).

14) USA (November 2015).

15) South Africa (December 2015).

16) Benin Rep. (December 2015).

17) UAE (January 2016).

18) Kenya (January 2016).

19) Ethiopia (January 2016).

20) France (February 2016).

21) Utd. Kingdom (February 2016).

22) Saudi Arabia (Februay 2016).

23) Qatar (February 2016).

24) Egypt (February 2016)

....

with results to show. That makes him the effectual one.

Good bad news

Genius100:
What did you read? Can you post the link?

Nigerians are clowns. Fashola proposed a modest increase in power tariff and they are protesting. These are the same clowns telling Buhari to devalue. Do you guys understand that refined petrol is imported? Are the masses ready to pay N200 per liter if Buhari devalues? Or do you guys want us to go back to the subsidy regime with all its inherent corruption?

Our sophisticated ignorance is second to none. With level of subsidy being enjoyed at fed unis and the protest that goes with any increase in fees, I am not surprised at all.

Tpave:
I reason with with you, but with the hope that things will really get better soonest cos we can't continue like this.

The next action(s) should be from you and I. We should go fund our dollar craving by offering goods and services to the Dollar market. Most people are depending on govt. to make them billioniares. The govt is there to give us a condusive playing feild to enable us express ourselves economically and not subsidize DSTV, rice, flour, iced fish, toothpick, and clothes with Dollar meant to build Power plants, Power transmission lines, railway, schools, health structure and industries.

boluwatife66:
Thanks for thinking am ignorant and also avoiding the prayers.. am sure other gurus like sanusi lamido sanusi that have complained about buharinomics is also ignorant...

Sanusi challenge is he isn't painting the full picture to guys like you. Nigerians may not adapt but to being productive and earning their own dollar because of poor management skills, that doesn't mean Buhari is wrong to stop subsidizing dollar purchase for little things like toothpick and condoms.

Discouraging FTC folks.

Buhari is right with his economic policies so far.
The dollar account of every importer is suppose fund the import needs that importer.
The reason we are suffering from FG dwindling Dollar reserve is because Nigerians have been net consumers for too long, if you are truly productive and reasonably competitive, you ought to sell some of your products and services to the dollar market to earn dollar(your own dollar reserve) and buy whatever you need with it. Buhari can't subsidize every toothpick, rice, stock fish, iced fish, clothing fabric, mascara, toothpaste, noodle, DSTV subscription transaction with virtually non-existent Dollar that isn't his fault. For even offering to give hard earned Dollar out at a low rate to importers of certain items is a plus from his govt. If, as a business person your end product interfaces with the global market and you are truly productive and competitive on global standard, then earn your own dollar. What we are paying for today isn't really oil earning reduction but lack of productivity and global competitveness in time past. Buhari is still the best hand for the Job. The last admin was eyeing increase in VAT, cancelling of Amnesty, Sales of More parastatals. These are last resort of any nation bereft of ideas to run its economy, it is like a man who decides to stop having a security guard(amnesty withdrawal), sell his core assets/capital like his clothes, tools, or vehicle/machines(NNPC privatisation etc), and increase what he charges for his service which hasn't improved (increased VAT) in order to continue feeding, paying his DSTV bills etc saying he is better than the man who is decides to be productive to meet his needs by doing same to buy a car he can start driving to make money. The difference is clear between Buhari's productiveness based policies and the past govts consumption based policies.

Fast growing could mean you were very not to long ago and currently experiencing a surge in growth but I know ours is beyond that. Nigeria's human capital changes the equation drastically, when it comes to economic growth.

Ignorant OP, Buhari is right. Let the dollar account of every importer fund their import needs. Nigerians have been net consumers for too long, if you are truely productive and reasonably competitive, sell your products and services to the dollar market and buy what you need with it. Buhari can't subsidize every toothpick, mascara, toothpaste, noodle, DSTV subscription with non-existent Dollar that isn't his fault. For even offering to give hard earned Dollar out at a low rate to importers of certain items is a plus from him. If you are productive and competitive on global standard, then earn your own dollar. What we are paying for today isn't really oil earning reduction but lack of productivity and global competitveness in time past.

Zombies everywhere. Even if the message talks about their own personal problems they will oppose the mesenger. Colö people.

He is right. Let the dollar account of every importer fund their import needs. Nigerians have been net consumers for too long, if you are truely productive and reasonably competitive, sell your products and services to the dollar market and buy what you need with the dollar earned. Buhari can't subsidize every toothpick, mascara, toothpaste, noodle, DSTV subscription with non-existent Dollar that isn't his fault.

Ofodirinwa:
Like or Share
this post if you would vote for Sen. Ben Bruce as the President of the Federal Republic of Nigeria in 2019

www.nairaland.com/attachments/3353514_benbruce_jpegdaf9842386bd90f8572ba0ab5e88b9e5

Ofodirinwa:
Like or Share
this post if you would vote for Sen. Ben Bruce as the President of the Federal Republic of Nigeria in 2019
[img]http://benue.info/wp-content/uploads/2015/05/wpid-buhari-roll-royce1-390x336.jpg[/img]

Ofodirinwa:
Like or Share
this post if you would vote for Sen. Ben Bruce as the President of the Federal Republic of Nigeria in 2019

www.nairaland.com/attachments/3353514_benbruce_jpegdaf9842386bd90f8572ba0ab5e88b9e5

Scam poll, OP presented No Buhari option, I quote both options just in case.

We need to go back to farming(food), housing construction(shelter), medicine science(health), and step up industry(toothpick, clother, cars, shoes, electronics etc). These are our basic needs that can help our fast depleting capital stay within our economy, they aren't out of our reach.

Double

Good

SylarsMcQuins:
The Topic of the topic should be : Oil broke Nigeria can't afford to pay teachers.

This is just the beginning, when APC is done with Nigeria there will be nothing else to govern.

you mean APC control oil prices

ceaz4r:
How come this 'insecurity' didn't stop petroleum activities in that same region the way it 'affected' port activites?

How come other businesses, especially individual businesses, still trive there in the Niger Delta?
Please enlighten us.

The FG is strong willed enough to confront the obstacle. As for port activity, nobody will stay behind and battle greedy local when there are more peaceful alternatives.

So what, NOI already predicted it, Buhari is the best man to postpone the D-day and help strengthen the economy. Even the alleged 'best' Nigerian President ever had to concede defeat to avoid embarrassment.

OP, are u blaming Buhari for our current state?

OP, they will eat you alive, you just watch.

Ximonak:
Etisalat didn't make profit for 2yrs in nigeria but they were giving out free credit/sms and data plan just to gain customer trust.
DISCO is just after milking us, and the government is supporting it indirectly
What about the increment already before now,
Imagine paying 2000 those days (the read the old meter) before it was privatise.
EKEDP billed 5k still no improvement. We still contribute to buy transformer/fuse etc for the transmission. We still paid for 3months darkness...
Give us prepaid they refuse, some months it's 12k with like 3times 6hrs light, darkness the rest.
We have the money, give us prepaid meter even add the bribes make it 50k for single face, but they refuse.
Except some new house that will give them 70 - 100k for single face, it will not take 3months you will see prepaid installed in that new house
I am fed up, the FG is not even helping matter

Accurate

Okpueze1:
Instead of visiting IVM to see things for yourself, you are here ranting. You think all these foreign companies produce all the parts of the motor? Go and do your research because it's the only thing that you need to wise up. The same applies in the aviation and marine industry. I have not seen a company that manufactures ALL the parts required in the production process, be it Mercedes, Benz, Daimeller, BMW, Toyota.

Don't be surprised how I group my first 3 companies. They are 3 different companies that amalgamated because of some economic reasons etc. Do your research.

How old is IVM that you are so quick to call it an assemblage? You have to start from somewhere, with time and necessary support from Govt and individuals, you'll soar to a greater unprecedented height.

Other vehicle assembles don't produce all their parts or components but get it from local sources. Stop ranting here and make your point.

dtruth3:
that is because the sponsors (Buhari and co) never allowed him to do so, Infact they mobilizes and frustrated the efforts.

The Real Government of BLAME speaks. Buhari must have glued the trigger to PDP's gun or edited the laws of physics by paying spiritualist few billion to wage a spiritual war then. Keep arguing against yourself.

Lvlink:
Yes they are best described as possible sympathizers. That's exactly what the Op is trying to say.

It is common sense that they (Bokoharam & Militants) would naturally choose those who are sympathetic to their cause!

In essence, you have just agreed with the Op that Buhari is truly a Bokoharam sympathizer

Had Buhari turned down the gesture by faceless ''Boko Haram Voice'' then, he would be been called a bad statesman in the face what OBJ was doing then. Don't forget OBJ went to Maiduguri to try and solve BH. People knew PDP was very likely behind that faceless BH voice with the deafening sound of Buhari that followed from the PDP camp.

Iroh88:
According to the Op's logic, Aniko Briggs and Wole Soyinka are sponsors of militants in the ND since they were chosen to negotiate with the government on their behald.

Thank you. His logic permits ignoring the then close associates of Atiku and co who after a largely PDP meeting of top Northerners, declared Nigeria will be ungovernable in 2010, just before BH grew stronger.

dtruth3:
the one that has not bought a single bullet for the military since he took over govt.
The one that is still using the arms bought by GEJ.

Fact - Buhari is fighting Boko Haram with arms I procured - Ex-president says

Dimeji Akinloye | 23:01 | 28.01.2016
He made the statement while speaking to France 24. He affirmed that no new equipment has been bought.

So you tell me, the one that had record amount of weapons with which to fight BH but rarely did and the one with few weapons and limited (near Zero) funds to purchase weapon who is putting to extinction who is BH?