₦airaland Forum

Statsocial:
Aspiring for top 10 for any state is in fact mediocre. If Osun can tap into its full potential thereby raising IGR and block wasteful spending with effective leadership it can compete with any state in the top 5. Effective leadership is all that matters. Hopefully, after Aregbesola's exit Osun would tk centre stage again.

realborn:
Mr Omonnakoda indeed spoke well.

However, in concurrence with Mr Tinubu which Mr Onmakoda identified too, growing the reserves without stimulating manufacturing and production, and not providing same for necessities/goods consumed but not manufactured locally will lead to higher prices and perhaps staglaftion.

We urgently need to identify these pertinent goods, re-stimulate the manufacturing sector to produce most of these goods within a specific duration otherwise, with scarcity of forex, all sectors will suffer, demand will exceed supply, and the Naira will comtinue on a free fall.

For example, the allowance of forex for supply of petroleum products daily put a strain on our reserves. Why can't we have more investors like Dangote building refineries of similar capacity concurrently to ensure that in 4 years we will have no need to import, export to neighboring countires and save a huge chunk of our mandatory forex flight?

Another example is the commendable rice revolution. Why can't the FG consolidate on the learnings and ensure within a year we have rice reserves adequate to feed the nation and also export? Other key agricultural products alike.

In the short run, the FG needs to adequately manage the militating Niger Delta factor to sustain crude oil production (our present key forex commodity) to ensure production is at optimal level and thereafter supply corresponding forex for requisite commodities until we are duly sustainable to locally churn out these products. If this is not done, the Naira will keep sinking low.

Lastly, the FG needs to study how we survived before the advent of crude oil. We may reinvigorate the cash crops and minerals of yesteryears with minimal financial inputs with huge stimulating impact on employment and the economy thereby reducing the over-dependence on crude oil.

The micro and macro economics factors need to be reevaluated.

My 2 cents (not an expert)!

Statsocial:
The West is doing Well

Statsocial:
I don't know where that emoji with glasses beside Kaduna came from o. Am a proud westerner and reps all S/Western state. Precious Osun state would enter the list of top 10 soon. I dunno why Ondo is wasting time but am sure we would come up with something nice also. IrepS/W plus Kwara

Symphony007:
Gladly your words mr.tinubu are extremely inconsequential because this voodoo economics you speak of has made nigeria the second largest economy in africa and projected to be first by 2020. You're entitled to your own opinion but not to your own facts, these are the facts and your opinion is just plain nonesense!

quid:
Just admit that APC is grossly incompetent and economically clueless. Stop beating about the bush . . .

quid:
@ tsdarkside and standing5 , read this post properly ^^^

chriskosherbal:
Hmmmm

Vendoor:
Wow... Thats Really Massive

TippyTop:
[s][/s]
What caused the recession of 1984, too many universities abi?

midol:
We yoruba muslims know that Governors who are chopping billions will definitely hate Biafra. Go and look at the billion of naira they are collecting even after retirement. Why would we expect them to be pro-Biafra.

Obiano, Rochas, Wike etc are not expected to support Biafra. Why our hausa and yoruba muslim skulls expect otherwise is beyond me.

StarscreamOne:
First of all, only number 2 & 7 are actually in effect. The rest is propaganda; and some major b.S. Buhari is too old to rule this nation. He is preaching d anti corruption crusade and he's putting Nigeria on pause. Until we bring back coins into d economy; and Restore Power, Nigeria will keep crawling. Can u imagine A nation that cant
make Pencils in the 21st century? Stewpid change...

masseratti:
If beremx should say this i believe her, the lasg had good intentions but the civil/evil servants won't let the populace have it, private investors jhave to go into rice cultivation, milling and production.