₦airaland Forum

gabby227:
Make una See me See wahalaoooo,
I went for the burial of a friends grand dad
somewhere in Anambra, & in that village, when
someone dies, an elderly man will come up and tell
whose next to die. So this man came along and
said that the next person whose going to die is the
one who decides to leave the burial ground first.
Friends since yesterday I stil dey dia ooh, nobody
wan 1st go oo, everybody just lie down, Even the
old man at age 112years is lying down beside me,
he is asking me if my people never start to look for
me?
As am talking to u now. Am still lying down under
the hot sun. What should I do next?

LMAO

Nice try! You will make a good comedian. Please add this to the list of your future jokes

heatflux:
That money can buy a modern Jet for the air force if put together in every 4 and half months

I think this explains the reason for inventory of substandard arsenal and malfunctional jets that keeps crashing every other day.

When a system is infiltrated by corruption carriers, it will always have a recursive effect unless an act of filtration by an autonomous anti corruption agent is engaged!

That's the "The Economist" doing their job! ~ they never disappoint~ always throwing blows

Nigeria no doubt is in a very tight corner; there are many policy options but each with its loopholes. It is true that the current forex policy has lots of flaws and creates avenues for some illegal practices.

However, devaluation is not the best alternative policy direction that will solve the current dilemma.

There are certain conditions that must hold if devaluation will serve us right. Nigeria is far from satisfying these necessary conditions and as such devaluation will only end up worsening our deficit position, though it may seem appealing to foreign portfolio investors but trust me it is not the panacea!

What we need is a combination of different policies that will address the concerns of all the stakeholders and not just devaluation which may not serve the need of the domestic economy!

I thought as much.

However, I hope this hiked interest rate won't affect the level of domestic investment adversely as they both have adverse relationship. I also hope that this will attract enough capital inflow to improve our alarming balance of payment deficit! as well as stop our foreign reserve depletion and lessen the present pressure on naira!

"Inflation is always and everywhere a monetary phenomenon" The primary driver of inflation is the growth in money supply. I guess that explain the reason why it seems to be the first point of call for CBN given the recent rise in inflation level. This might go a long way to curtail inflation -as less money chases available goods, also, it might probably limit the extent to which public expenditure is channelled towards imports which will of course strengthen our Naira via improved net export.

Also, increased interest rate relative to the international interest rate might translate to capital inflow and that also will improve our capital account balance, thus, sustaining naira.

As pointed out, increase CRR should reduce the level at which arbitraging and speculative move among banks affect naira.

As for investment, how about viewing it from the angle that this means more savings will be available for investment, as saving may become more attractive in the face of increased rate.

Pls note that, the MPR is just a benchmark for other rates in the economy.

html14java:


It was so funny i even forgot to laugh

Wao! ...this comment is almost funny!

Impressive!

A Tech outsourcing coy needs IT Professionals in Abuja. Practical skills compulsory. OND min. CV should be sent to laureate_consults at ymail dot com

Interested candidates must be skilled in the following areas:

Networking, Web Dev, Wireless, Database, App Dev, IT Security.

Reminds me of 2Baba's Song

Just like rain drops falling from my eyes
Just like tear drops falling from the sky
It's like a blessing, a blessing in disguise That we fail to realize
Now I've to pay the price,pay the price

See, young man, be careful and think it twice
Before you choose to use, before you choose to use, to use your device

So you don’t have rain drops falling from your eyes

When you see a blessing in disguise Oh what a sacrifice, a sacrifice I see them...

Lol

RENOWNED2:
pisces.......

March 5

O'Yeah! We Rock!

Almost everything here http://zodiac-signs-astrology.com/zodiac-signs/pisces.htm about pisces is true even the foot part is kind of

I need a sit here; preferably at the VIP table...I've gat to observe

Nice one! That's what you get when your idea creates value and makes life easier. I love women with good brain

#36 Don’t ever change, because I love you just the way you are.

Would be great if you let folks have it here, than taking bus to another land where naira dnt exit just because they wanna find cute things to say to that chosen damsel

enioladimeji:
March 5

I thought I was the only being sent to earth on this blessed day until I see this

Hi

erico2k2:
I meant as a couple try in terms of importation. And where do U think in the world petrol is sold less than $0.50/ltr? dnt forget the true value of $0.50 is approx N135 today.

Hmmm...http://www.globalpetrolprices.com/gasoline_prices/


So your point is subsidy should not be removed as planned even when it's evident that we may not be able to afford it conveniently any longer without incurring more debt and that some sycophants are using it as a cover to exploit Nigerians

Lol...and life teaches

erico2k2:
And have you asked yourself where we are going to get products from if and when subsidy is removed? ?

Do you mean "we" as in individual consumer unit or "We" as in nation~aggregate demand "Cos the last time I checked the international market for the supply of this finished product is not closed

Ofcourse, I understand that removal of subsidy might tell on the citizen's purchasing power in the long term.

tuale4u:
This is the best time for Nigeria to remove subsidy

I'm not contesting that

My concern is the aftermath and the proper investment of these funds in projects that improve lives.

However, I wonder how this product is going to be priced~ are we looking at full deregulation here or government will still give price benchmark, more like getting involved~ "Cos the pricing is another issue

Confronting a drop in oil prices and mounting regional turmoil, Saudi Arabia reduced energy subsidies and allocated the biggest part of government spending in next year’s budget to defence and security.

Authorities announced increases to the prices of fuel, electricity and water as part of a plan to restructure subsidies within five years. The government intends to cut spending next year and gradually privatise some state-owned entities and introduce value-added-taxation (VAT) as well as a levy on tobacco.


 ....growing regional unrest, including a war in Yemen, where a Saudi-led coalition is battling pro-Iranian Shiite rebels. In attempting to reduce its reliance on oil, the kingdom is seeking to put an end to the population’s dependence on government handouts, ‎
‎




However, the timing, social, political as well as economical fundamentals are critical in changing policy gear of any nation!

Hope for the best but prepare for the worst ~they say. The benchmark isn't that bad


I believe in miracle

Ymodulus:
I agree with you wholeheartedly. As it stands Netflix dream of breaking into the china market is just a wish.

Netflix will never be allowed in China. It's just a day dream for CEO. We need to start generating revenue and not giving money to some foreign Johny just enter Nigeria foreign firms

Nice news to see such services available worldwide. However this is not only about services available worldwide, it's about local authorities allowing them to do their business freely.

I'm sure in a matter of days, Netflix will be blocked in the UAE because it's going to hurt the local communication companies which monopolize the market. Plus, I believe there's adult content on Netflix which can't be allowed in UAE.

Also in China, if there is anything to praise the Chinese Government for, its the fact that they don't just allow foreign competition that can kill of their local companies.

Take a look at several bug companies till date, Chinese government even while trying to control information try as much as possible to ensure that their own country have a local version of what is seen internationally.

Do you talk of

** Twitter? China has Weibo
** WhatsApp? China has wechat / Qq / recent
** Google? China has Baidu
** Amazon? We have Aliexpress , Taobao etc.


My point is, the CEO of Netflix should stop day dreaming about breaking into the Chinese market. It is never possible. Even Facebook till date is no where in China, not even twitter. Even Google has no presence.


********

Another problem is that Nigeria does not have cable operators or Good internet service like Comcast, that can allow good streaming of such videos on our home TV without Buffering.

However looking at the Good sight of this deal, it will be advantageous,

*Combining $8 ( 1600 naira ) + Internet subscription fee = Final subscription will be cheaper than DstV subscription.
* Aside the fact that the movies on Netflix can be Movie on Demand
* I can finally get to watch season movies as fast as possible without downloading

I doubt if blocking foreign investments as this is the way out~ what we need do is to create the boundaries, set our rules, ensure local content~ and at best find a means to encourage as well as strengthen domestic firms.

Foreign investment as this is a good thing if properly guided!~ think about the likely capital in-flow(effect on our BOP),employment that may probably come with such, how the competition might drive the price in favour of the end user and lots more!


There are better ways around this than building resistance again foreign investments!

It's cool~if it's Mentor-Protege tinz~ learning from folks ahead is a noble course!

TheFreeOne:
The economic policy direction of the govt needs to be properly articulated as regards forex restrictions, stimulating growth, infrastructural development and others cos the low oil prices, increased US interests, BH insurgency and other security concerns ain't in our favour.

Largarde expressed the concerns of foreign investors as earlier done via barclays/jp Morgan and others.

Exactly!

Current Forex policy create some level of uncertainty & it's affecting the SMEs too.

Ofcourse, growth needs to be stimulated( tho* the "HOW" is the question that begs for answer).

Definitely, poor infrastructural conditions imposes unnecessary cost on firms (and it scares them off Mehn!).

Funny enough, current global oil price with the uncertainty tied to Iran proposed supply of the commodity is really a monster staring us in the face And rate hike in US just showed investor a better alternative soil to plant their investment.

Yeah! Security is a big treat to FDI!

Mehn! Through all these, I see Nigeria coming out Stronger

God Bless Nigeria!

I hope attention will now be given to Tourism as a viable source of revenue for Nigeria. At least, we have economies that live off tourism!

TheFreeOne:
In short she said we shouldn't expect much FDI due to our present bad situation but manage our resources carefully and be cautious in our decisions cos any major economic mistake from us will boomerang across the African continent.

She only fall short of asking us to honor our debts too...and adding...OYO.

Yeah. Kind of

...but then our present condition if properly manageddoes not restrict capital inflow in form of FDI(with the emphasis on the Holy trinity - foreign exchange rate, inflation rate and interest rate) , though it may not be business as usual and investors gat to thread with caution too.

EternalTruths:
A journey of a thousand mile starts with a step

Start the True federalism step today and watch how Nigeria becomes an economic power house in 8years.

So forget the doctrine of interim.

Lol

EternalTruths:
Stop deceiving Buhari

True federalism will see the states stop the feeding bottle practice and fully exploit their resources bringing economic prosperity

Economic Prosperity will only come if each geo-political zone identifies areas of strength and works on attracting investment in those areas~ meaning for true federalism to translate to what you said, we've gat some bridges to build and rivers to clear at the regional level

However, in the interim we need some sound and practicable economic policies!