Beastly Occupy Nigeria protesters and Dumb Demagogues. It is not the duty of Madam Ngozi to make any poster here rich or enable them to live in luxury. That is something you all have to figure out for yourselves.

jp philips:

so when the fg puts a ban on basic commodities and the resulting inflation drops the par capital income further, what do you expect the LGA's to do?

yet the minister of economy failed to be circumspective in churning out such anti mases policies.

Another dumb demagogue . What federal economic policy has prevented the STATES AND LGAs from developing their domains. And NO the FGN DOESN'T have to be socialist or communist before the states provide basic infrastructure. That is not too much to ask.

Corruption is definitely a problem but I think there are bigger problems than that and they are

1. The persistent changing the dollars receipts into naira and disbursing it as monthly allocations to the 3 tiers of government. This increases the money supply and its attendant excess in money supply which leads to the expected mop ups and its attendant tight liquidity. Govment should simply pay the 3tiers in dollars.

If paid in dollars, it will lead to an improvement in the value of the naira and the reduction in interest rates to suingle

2. The ban on this and that. Countries grow rich by focusing on where they have comparative advantage. If you have comparative advantage in something, there is no need to ban it. If you ban something in order to produce it, that means you have no comparative advantage in it!

If these 2 policies are reviewed, the country can grow by 8-10% annually creating more than enough jobs to absorb those entering the labour force annually and also absorbing them mass of unemployed and underemployed in the society.

Boss13: I see nothing wrong with what the guy is saying. Our GDP is improving yet the standard of living is declining. It's so funny that inflation rate is single digit but the price of garri has never gone down. Then what consumer price index (CPI) did they use to calculate our current rate of inflation.

NOI is unable to account for revenue coming into the federation account. Sure-P funds are missing. NNPC is diverting funds, our debt profile is hitting the trillions and our budget for capital infrastructure is poorly implemented. Yet she claims to be minister of finance and coordinating minister.

Do we turn a blind eyes over these issues? I am surprised she termed the guy as negativism which I consider to be terribly wrong because the guy was only letting NOI know her popularity on the street and not in Aso rock.

...I wonder ooooo

Sunny_bobo:

Dude, I'm a very busy man. I'm actually in the UK now for an event which is still ongoing as I type this.

I do not have to do any research yo respond to you as I reserve the right to ignore you.

You are just an employee of a bank. CEOs of banks bow down when shaking hands with me and they do so with both hands. In real life, you'll fill a form and book an appointment to have audience with me.

What a mudarfuck*ker. Now I am really interested in filling out a visitors note to see you. You can choose either to make your address public here (if you only can) or PM me. A normal procedure in every organisation is what a dumb man is bragging about (I forgot he trades). Certainly, you are not what you are. You have neglected my questions for excuses of an assumed event in the UK. The same event presumedly on-going when you were hitting the keypad of your phone. FYI Bank CEOs don't deal with traders and also FYI I don't like dealing with traders, because of the relatively small turnover (I have mentioned that previously), they visit my office and fill the same visitors form you are bragging about or we discuss by phone or I send my team member to go check them out.

I will continue to single you out and prove you wrong that

1. You are not what you claim to be in real life.
2. You do not understand the deep intricacies of business methodologies (What you know how to do is buy and sell). If you even own one.
3. You are not the owner of the trading shop you claim to be working in right now
4. You claim that you are not interested in Nigerian banks and the only thing you do is save and withdraw (I don't know how the hell this salient point skipped my analysis). No business man who trades (even the ones in Alaba) that do not go through a Bank/Financial institution. This continues to show that you do not own that business you are bragging here on NL. Where do you buy the foreign currencies you remit to your Chinese/India manufacturers - from Eko Hotel Mallams?

You can go through my post (previous and anyone in the future). I do not belong to your category (monikers with fantasy outlook) because I have transcended above mediocrity and fantasies.

I just looked at your profile and saw the picture you uploaded. Indeed I was never wronged and I don't mean the mad man who is improperly dressed (who might be either you, your relative, a friend or one of those presumed staff of yours) but the environment within which the picture was snapped (A trading environment indeed). I judge people by their sense of reasoning, articulation and ideologies. Have a good day Mr. Sunny Bobo and stop the lies.

I am actually the person behind the @OccupyNaija handle on Twitter... Its such a pity that the so called Nigerian youths are the pillars behind our problems in this country... When i thought all other well meaning youths will follow me in the bid to ask more questions from the minister, its such a pity that same youths turn around to chastise the only person who dared to ask questions! Most found the name calling by the minister funny while others believed that i deserved what i got.. just a few reasonable ones appreciated my effort in making the minister accountable for the ministry which she heads... We are being swayed by her grammar and sense of appealing to the sentiments of ignorant Nigerians that we have forgotten that the destiny of a country is determined by it's economic strength... She is the coordinating minister for economy so therefore her actions and inactions directly or indirectly affects each and every on of us... Instead of us to join me in asking valid questions, we are busy tearing ourselves down... The sooner we realize which side of the divide we are, the better for us... This fight is we against the government and not we against ourselves... We pay public officers a very high amount in terms of salaries and allowances, they fail to perform then we still make excuses for their failures.. little wonder they always fail us and still seek our support for the ineptitude and incompetent attitude... i really don't talk much on forums like this that are dominated by tribalists,ethnic bigots and political jingoists.. Rather,you can engage me directly on Twitter.. I remain @OccupyNaija .... thanks!

adeekoademola: I am actually the person behind the @OccupyNaija handle on Twitter... Its such a pity that the so called Nigerian youths are the pillars behind our problems in this country... When i thought all other well meaning youths will follow me in the bid to ask more questions from the minister, its such a pity that same youths turn around to chastise the only person who dared to ask questions! Most found the name calling by the minister funny while others believed that i deserved what i got.. just a few reasonable ones appreciated my effort in making the minister accountable for the ministry which she heads... We are being swayed by her grammar and sense of appealing to the sentiments of ignorant Nigerians that we have forgotten that the destiny of a country is determined by it's economic strength... She is the coordinating minister for economy so therefore her actions and inactions directly or indirectly affects each and every on of us... Instead of us to join me in asking valid questions, we are busy tearing ourselves down... The sooner we realize which side of the divide we are, the better for us... This fight is we against the government and not we against ourselves... We pay public officers a very high amount in terms of salaries and allowances, they fail to perform then we still make excuses for their failures.. little wonder they always fail us and still seek our support for the ineptitude and incompetent attitude... i really don't talk much on forums like this that are dominated by tribalists,ethnic bigots and political jingoists.. Rather,you can engage me directly on Twitter.. I remain @OccupyNaija .... thanks!

I think you are part of the country's problem. People think this country's problems are solely or mainly on account of a corrupt and inept political class but the political class are not an alien breed foisted on the populace but a product and embodiment of the attitudes and aptitude of the populace. To illustrate this, I will take one example in respect of which Occupy Nigeria is associated with, fuel subsidy.

In none of the great economic development stories of the 20th century - Singapore, Taiwan, China, South Korea - did economic growth come about by spending bucket loads of money subsidising consumption as we do with fuel. The country spends a trillion Naira on fuel, more than its entire health and education budgets combined. In other words, we value cheap fuel more than health and education. In respect of the former, we have one of the world's highest rates of infant mortality (850, 000 dead a year) and in respect of the latter, one of the world's highest rates of illiteracy. Yet, to the extent that we mobilise, we only mobilise to keep fuel cheap. Because fuel consumption is higher amongst the middle and upper class - people like my mum who own 2 fuel guzzling SUVs and generators - subsidising it is a regressive policy and it helps explain why there is little fuel subsidy protests outside urban sprawls.

Nigeria is bedevilled by corruption but I would submit that a history of boneheaded policies like subsidising fuel, maintaining over bloated public sector payrolls, large state participation in the economy, not sterilising foreign exchange inflow and thereby incurring the Dutch disease, e.t.c, all contributed an arguably higher quota to Nigeria's present state than corruption.

A nation can be underdeveloped through corruption and inept policies but whilst the former may prove a surmountable obstacle, I would say that inept policies are an insurmountable obstacle. Occupy Nigeria represents to me the banner boys of policy ineptitude in Nigeria.

ilugunboy:

Am sorry if you feel that way....however, from antecedent in this community...majority of the people that supports NOI and her other non-performing officials from the East are Ibos.

I have no apology for that.

Replace your brain with bitter leafs.
It produces far much bitterness..