₦airaland Forum

Curious345:
Good .

I love sanwolu and I will vote for him .

But I cannot stain my finger with ink to thumbprint for tinubu victory .. am I maaaaaaaaad!

How do you people blame Tinubu for Buhari but deny him of praise for Sanwo Olu?

Not a Tinubu supporter at all but haba.

frozen70:
Is alright

Imagine, you traveled out send 15 million Dollars for building an estate, put it on rent and enjoy the inflow of money

Na so e easy to find 15 million dollars abroad?

Lol.

voltron14:
This is called wuruwuru to the answer.

Twitter is bla bla bla, yet was sold for 44 billion dollars.

The valuation of Twitter clearly has to do with it's potential and ergo, the value of it's shares, and to the hostile nature of the takeover, not its actual revenue.

WillyCassey:
I hope if it is the mother that cheated and they're bashing all those people rilled up there will still be supporting her.

Cheating is not normal, and should not be encouraged from both genders. The fact we take it in Nigeria does not make it a norm, in many places you lose your job and friends for Cheating.
As for the dad, if you want respect, respect yourself. It is not rocket science.

In what place do people lose jobs for cheating?

dettolgel:
If you are talking of billions I may agree with you a bit. But 100million come on. 2 million go to 50 different BDC or 5 million with 20 BDC. You can get it all done within 3 weeks.

We dont have any where enough dollars to change all the hoarded naira.

And contrary to what you might think EFCC is watching the Bdc guys. Today, for example, across the nation black market traders have been raided.

Are you not aware?

zoedew:
One expects that the police will take in the reckless and irresponsible parents who live a wild lifestyle for questioning and possible prosecution. The interest of the dead child was not well protected while he lived. In saner climes the parents will be required to provide answers to questions as to where they were and with whom did they leave the child when the unfortunate incident happened? Both parents should do time in the rabbit hole to correct their mentality. Long time back that child should have been taken away from the wild parents by the State in compliance with the child rights act that stipulates the interest of the child as paramount.

They traveled within Nigeria. You cant be in your little cubicle teaching the police work when you dont knoe the facts.

Kasssandra:
The problem with the mass transit scheme is not the launching...but the maintenance.

Within a few years, all the buses are going to be scrap, and the thing will fail...because the people of Kano won't pay the kind of money...either in fares, or subsides...that would be needed to keep the thing running.

I bet that the standard fare would be less than 200 naira. Meanwhile, Kano state does not collect enough in taxes, and the revenue from oil is not enough for a big state like this.

If i suggest that Kano people should pay something like 700-1000 naira per trip as fare, many people will shout 'We are poor'. Well, at the end, you get what ye pay for.

Clearly, the report says it will be run by private operators so they will fix the prices at whatever is necessary for their profit. That is sound economics at work.

DSC7:
So na only the national complex dey important to secure?

Even the malls have these procedures. And they didn't just start now. To enter a mall in Abuja your car has to be screened.

nedu666:
Oga just dey observe. For next 3 months u will see dollars reaching 1000. Stock market will experience a massive boost. Fg tb and bonds will be oversubscribed by 300%. U will see massive purchase of properties and other assets. This is not 1984.

How will they do it? We are talking about spending physical cash, and anyone who receives that cash still has to deposit it. Each deposit above a certain amount triggers a notice to the NFIU who are particularly on the lookout at this time. So you'll have to explain where you got the money and if you sold property, who you sold to.

In short, anyone making moves at this time will immediately go on the radar for investigation.

Kingcalls:
Rashford scores when Ronaldo is in the peach...the game against Liverpool is the only time he scored when Ronaldo wasn't on the peach... Ronaldo frees space for him...but they keep on saying Ronaldo is the problem

Rashford has never had a problem with having chances. His problem is finishing so nothing to do with ronaldo.

Jeromejnr:
There were also predictions Hillary would win against Trump.

But here we are.

Exactly, those Hilary's online polls are just like Peter Obi's online polls.

I made an assessment of the situation a fee days ago and if you're honest with yourself you should understand that APC is incumbent at the national level, and with Wike's group swinging to their side, that is over half of all incumbent governors behind Tinubu.

Do the math.

marcmao:
He has always been the most preferred candidate. The time is now to make it happen.

Yea but Atiku is a Fulani bigot so sorry he is going nowhere.

coputa:
On the contrary.;a fall in GDP will result to high inflation as the GDP is the monentary value of goods and services produced in a country.if this is low,i
it will lead to mass importation of goods with the scarce resources, thereby reducing the value of the currency.

That is obviously wrong:

- If GDP is low, it means producers haven't made much money.

- When this happens it means less money flows into the home.

- When this happens it means consumption will automatically drop. Not because there is nothing to buy, but because there is no money to buy it with. The money is tied up somewhere.

That is the basic economic cycle.

Now in this particular case, we are even talking about short-run GDP shortfall. Are you telling me we are going to start importing onions and pepper simply because market women aren't selling much for a few weeks?

This is exactly what will happen:

Limited inflation of the most essential commodities like food, with wider deflation on everything else, averaging into deflation across the board.

begoniaa:


And you're a testerical clown; no cap.

Cheers.

seunmsg:
We dey Abuja and nothing do us. After work today, we go still go flex for garden till late in the night. This is our country and we won’t live in fear.

I'm so proud of this comment.

Whatever comes, we are Nigerians. This is our country! We will not run. We will never cower in fear.

Freethinker87:
Not yet, but we know there's going to be a major drive towards being self-sufficient in food production so that food prices can stabilize. With that in mind, we are sure there's going to be heavy investment in staples such as rice, vegetables, cassava, etc. Words have it that he was behind the development of the master plan that made 30% cassava flour mix mandatory for baked goods. That policy made Nigeria a net exporter of cassava today.

We are expecting to see such policies in the process value chain. The best thing for an entrepreneur to do now is to secure some pieces of land in the North or start working towards building a small food processing plant there.

Cheers.

begoniaa:
Wow! Is this how you're going to keep going "sounds like a plan, not yet the final end result, has he mentioned this specific detail?"

Now I see your moniker is an apt description of all you've been asking on this thread.

It's okay if you don't know the answer. Don't be hysterical to deflect.

Makes you look silly.

Freethinker87:
Because Kano is building a rail line to the port in Lagos. When completed, it will be easier to transport finished goods to the port for export to other African countries and the rest of the world.

Okay, sounds something like a plan. Has he mentioned the major products he expects Nigeria to export using this value chain?

TheGoodJoe:
See, when he says to pursue tight policies, he does not mean all sectors. If you get this, it gets easier.

If someone is in the agric exportation sector, there will be monetary access for him through other instruments. If you are into loans for another sector that will not favor the country, like crude products importation, the tight monetary system will make it unfavorable.

By the way, I am not speaking for Peter Obi. I listened to him and I am sharing things that entice me to believe he is the right man to steer the country at this time.

He has made it clear. Bill Gates and Steve Jobs made it from favorable loans. He made it from a loan without collateral. It is impossible he will push a policy to restrict the very essence that is driving him.

Alright, let's see.

slimfit1:
If you fools will stop attacking me unnecessarily it will be nice. We have people the resources to produce anything in this country

Go play with your toys kid.

Freethinker87:
PO has never advocated exporting raw materials. He has always said Niger will be the agric hub while Kano will be the processing centre. If you follow PO you'll understand his vision better. That's why people like us who're not interested in politics keyed into his vision. He's better than other career politicians on the ballot.

Interesting one.

Why Kano?

I'm surprised such a renowned economist could present such views. It is a trite principle of economics that GDP and inflation share a directly proportional relationship.

Of course, a fall in GDP will lead to a fall in inflation.

slimfit1:
So sad we have a lot of people in this country that think like you. Thanks for giving me lots of information, that doesn't make sense. By the way, I have two friends that studied aeronautics they said you are chatting balls. He showed me people in Nigeria designing drowns.

Where did I say people in Nigeria cannot design drones??

Hope you and your friends are ok in the head?

TheGoodJoe:

What will he do different?

1. He will cut out lots of bottlenecks that stop people from going into production.

Insecurity
Power
Access to funds (Peter Obi's business scaled because of a loan he got without collateral from a bank in London)
Reduce unnecessary taxes that hinders production. Etc.
Open more ports and allow them import and export easily.

2. Peter Obi has first hand contacts with companies with high production capacities and has worked with them for decades.

He understands the nuts and bolts that goes from utilizing raw materials to exporting them. It is this kind of modus operandi he wants to transfer to our system.

Your first point is great. Point 2, is less credible. I mean if he's had such contacts and hasn't used them to build anything of note even while he was governor, that doesn't tell well.

But let's look at your point number one because you have hit the nail on the head.

a. Insecurity. This is a tough one and he isn't telling us how he will do it so we can't be sure he really has a plan.

b. Power. I need not tell you how many people have promised and failed to fix power. How will he do it differently?

c. Access to funds. This is actually why I asked if you're speaking for Obi or quoting him because Obi has clearly said he will pursue tighter monetary policies. Under such, the CBN will issue very high-interest rates which make it more attractive for people to save and not invest, and those seeking loans for investment will face discouragingly high-interest rates too.

So maybe you need to teach Mr Obi some economics!

begoniaa:
From this interview, one way: by boosting and encouraging food production.

Insecurity and banditry have sent farmers away from the farms, and so we are left dealing with the attending problems of that. Weak local markets, propped by importation, high cost of food, etc.

When he deals with banditry and insecurity, more farmers are able to return to their farms and they'll produce more goods, both for our consumption and exportation.

Cheers, thats a good start but ultimately nowhere near the final answer.

When we deal with insecurity, we'll merely return to our normal pre-insurgency agricultural output. That is enough to feed the nation but that wont make us net producers.

How do wr get to the point where we begin to become major producers in agriculture?

It must be done by value addition not mere farming.

That will happen when we can turn a basket of tomatoes into a carton of tinned tomatoes.

So again, what is the plan for this?

TheGoodJoe:
Peter Obi has interviews littered all over the internet. You can listen to them to get ideas of his plans. I can start scrolling through videos upon videos to get snippets for you. I have summarized the few I can.

Secondly, Peter Obi never said we will wxport only raw materials. He has repeatedly hammered about the production capacity of Aba and how they can perform well producing goods on mass to meet market demands.

As for raw materials, he has highlighted about Taraba and others meeting demands of raw materials.

Finally, he is a highly exporter from Europe and did it for decades. I am not speaking for Peter Obi but expanding his points.

Finito.

This is what I want to understand. Never have I seen him address this point. What exactly will he do that others have not done, to scale these local production efforts?

It's a really simple question.

And what does being an exporter from Europe have to do with expanding local production??

toxtimmy:
To a hammer everything is a nail.

If you don't have a strategy even 1 million stealth f35 fighters will not help you.... Your president said fighting Boko Haram is a fight against the north ... You president is building a naval base and training school in Kaduna desert.... You buy helicopters and that's it...Bleep shit..

Why don't they buy helicopters and sign a contract to produce the parts here in Nigeria just like India does...while we work towards producing helicopters ourselves.... For crying out loud every theroitcal material needed to learn how to build an helicopter is on the internet and it's free.

What do you mean they don't have a strategy? This is sophistry. So your president is building a base in the desert, what does that have to do with the military having or not having a strategy against boko haram?

You are now arguing that we should start making helicopters. Why?? Do you realize it's cheaper to simply buy them because we won't produce enough to have economies of scale??

TheGoodJoe:

By increasing demands for our goods as he did by plugging gaps in market by exporting needed goods to Africa.

These countries he imported from still import goods in large scale from countries like China and Vietnam.

These countries need raw materials too and we can feed that market.

That will make us less a consumption nation.

A BETTER NIGERIA IS POSSIBLE WITH PETER OBI.

Exporting raw materials will not take us from consumption to production in any way. We will still be stuck in the cycle of exporting raw materials and importing finished goods. The only way to become a producing nation is by adding value to raw materials.

Now that is easier said than done so I want to understand the plan. Especially when PO has already said he will pursue contractionary monetary policies which will create a difficult,t environment for investors and business people.

Besides, are you answering for Peter Obi or are you referencing something he said?

If the second, please point me to the source if you don't mind.

The earlier thread was quite unfair and misleading.

However, the question remains unanswered. It was, "how do you intend to take Nigeria from consumption to production?"

toxtimmy:
What's there to celebrate?

The fact that our military has acquired newer and better equipment that will save soldiers lives and increase their capacity to decimate enemeis of the people.

is that not obvious?

slimfit1:
Order a useless way of thinking, ordinary Iran is selling drones to Russia. Why do you have a poor way of thinking? What is wrong with using the money to learn how to produce our own?

You have absolutely no idea how the world works. That we can create something does not mean we should create it when it is clear that creating drones from scratch at this point will be costlier than simply buying them.

Always in a haste to sound smart when you don't even have a rudimentary understanding of the way things work. Among allies, even the most advanced militaries still buy and sell to and from each other when it is economically sound to do so.

You are even contradicting yourself by citing Iran and Russia. So are Russia dummies to be buying drones from Iran? Does that mean they lack the capability to produce them?

In case you have not understood, producing a small number of drones for a country that will have to import all the raw materials to assemble them, is far more expensive than simply buying them. This would make sense if we intended to become an industrial producer of drones. But if we did, could we sell better and cheap drones than the Chinese who have been in the business for far longer? And where is the market for Nigerian-made drones?

The funny thing is I have no doubt you will still be among those jumping to call ours inferior if and when we do make them.

Mrtaye:
He meant no harm naw

It just gets really upsetting sometimes. Our military is out there doing their best yet those they protect can never find it in them to say a kind word or simply be appreciative.