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United States, EU Report Nigeria To World Trade Organization. - Business (4) - Nairaland

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Mark Zuckerberg Loses 17. 6bn Plunge To World's Sixth Richest / Nigeria: Report - Nigeria Loses 72 Percent Internet Revenue To Us / Nigeria's World Trade Center Abuja Poised To Send Its Economy Sky High - CNN (2) (3) (4)

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Re: United States, EU Report Nigeria To World Trade Organization. by jice(m): 2:15pm On Nov 12, 2015
Goke7:


Truth is the western powers are wary of PMB especially in his drive to revamp Nigeria's indigenous economy, we really need to pray, they don't continue to use pdp and their biafra touts to incite Nigerians against PMB. reason PMB himself has assembled a bunch of fearless cabinet members like fashola, audu ogbeh, amaechi and so on. It takes guts to deal with the western world and call their bluff.

[size=18pt]Is Ogbeh fearless before the outside world?
[/size]
Re: United States, EU Report Nigeria To World Trade Organization. by ojuolu(m): 2:17pm On Nov 12, 2015
Favparis:



Hi Mr. Economist, what contribution has this your Economic brain contributed to the development of our economy?

Since you know this Economy so well, has it changed anything in this crumbling sector?

Answer Meundecided
Obviously you are not schooled in the science of economic management. You won't see the effect of this policy now because its either you eat from your parents pot or your disposable income is so small that the free falling value of naira have no meaning to you. It is better to guess what could have been for laymen like you than to practically experience what harm the free falling value of naira which this selfish first world countries are preaching will do to the country economy and her people.
Re: United States, EU Report Nigeria To World Trade Organization. by Bluffly: 2:20pm On Nov 12, 2015
EternalTruths:


You don't need to stop the importation of their products


Invite their companies to build factories here in Nigeria and send part of their profits to their home country in order to douse economic tension

I hope you understand the economic politics I want Nigeria to play.

Economic politics 101 cool

I quite understand. Have they convinced China to stop artificial influence of their currency to encourage exportation? In an economy that has wealth without value like Nigeria I encourage this short term approach. Do not forget that we do not yet have the facilities to accommodate such industries. It is not enough to invite or for them to honor an invitation when cost of production is high, interest rate is high, and our inflation rate is almost hitting double digits.
Re: United States, EU Report Nigeria To World Trade Organization. by lordmayor4(m): 2:23pm On Nov 12, 2015
Forget what the foreign world powers, imf, world Bank tell you. Nigeria economy is good. We are experiencing a degeneration cos we are rebuilding and very soon we will see the impact of the regeneration of the economy powered by local content.

Let them find other people to deal with, let them deport all Nigerians as they have threatened. We are on the road to glory.
Re: United States, EU Report Nigeria To World Trade Organization. by cronsberg: 2:23pm On Nov 12, 2015
The do you know what i just realized? Africa as a whole can single handedly cripple the west without any war or sanctions, and i promise you, the downfall of the west will mean the uplift of Africa. Here is how africa can do it.
1. Hold secret meetings between all nationalistic african leaders on how to gradually completely stop exporting raw materials to the west by implimenting protectionist policies. So that if western companies aren't willing to set up real manufacturing plants here in africa, then no more raw materials, instead invest in our own know how to utilise those raw materials.
2. Africa should aslo impose strict monetery controls such that borowwing dollars to import agric products cannot be allowed anymore. Instead, companies should farm and add value to the products here in africa and pay taxes. By now, western companies will start to feel the pinch, and start complaining because there revenues will surely be depreciating.
3. Deliberatly assist willing migrants to flow into western countries massively, thereby over stretching theri finances and societies, simultaneaously offering massive pays to real skilled africans to remain in africa and even attracting the west's best minds.
4. Since they can't do without african oil, silicon, bitumen, gold, Gas, e.t.c Huge taxes should be impossed on those items

I promise with these policies, the western economy will definitely come close to hitting rock bottom. And the will be the opportunity for africa to truly rise and shine. Africa should try doing that not because of anything but the pleasure of seeing the we are important too and can actually use our power too and if anything, to play with their economies like they did with ours for centuries.

2 Likes

Re: United States, EU Report Nigeria To World Trade Organization. by Jymsyno2004yahoocouk(m): 2:24pm On Nov 12, 2015
It is hard for such currency regulation by the cbn to work in a single commodity economy as nigeria. This is 21st and not 17th century. Most fdi will nt invest bcus doing so will mean losing abinitio about 20% of ur cap. Why bcus d naira is over value to that tone. We r talkin about astute investors here. The only way to go is developing the real sector. But b4 this we all may need to take a pay cut. But sentiments and insincerity no go allow us.

1 Like

Re: United States, EU Report Nigeria To World Trade Organization. by SIRTee15: 2:25pm On Nov 12, 2015
Shymm3x:


Lol.

Who gave you the right to protect ya economy against the almighty dollar? grin

Better play ball, else bombs are coming.

there's no need to send rain of bombs,
all they need to do is befriend that albino and promise him Biafra.
buhari will behave sharp sharp.

To my eastern brothers........
here's ur golden opportunity to actualize ur dream,
start courting america since buhari is not ready to play ball with them.
Re: United States, EU Report Nigeria To World Trade Organization. by EternalTruths: 2:25pm On Nov 12, 2015
Bluffly:


I quite understand. Have they convinced China to stop artificial influence of their currency to encourage exportation? In an economy that has wealth without value like Nigeria I encourage this short term approach. Do not forget that we do not yet have the facilities to accommodate such industries. It is not enough to invite or for them to honor an invitation when cost of production is high, interest rate is high, and our inflation rate is almost hitting double digits.


You can easily reduce cost of production by establishing industrial areas and build special power stations for them to supply them electricity


In the case of interest rate and inflation rate, you can support the companies by not taxing them in their first 20 years of operation.


cool
Re: United States, EU Report Nigeria To World Trade Organization. by CSTR2: 2:31pm On Nov 12, 2015
OnReflection:


You would wipe that grin off your face, once you've had acquainted yourself with some useful knowledge which goes beyond the pedestrian comparison tendered above.

Unfortunately, as I have not the time nor the wherewithal to take the seeing-blind and hearing-deaf to school, today; you will have to make do with a paper published by one of the most respected Public Policy think tanks in the United States: Top Five Reasons Why Africa Should Be
a Priority for the United States -- http://www.brookings.edu/research/reports/2013/04/africa-priority-united-states



You can thank me later... cool
I am just seeing this now.
And yes, I read the article and it was focused on America keeping a strong hold on Africa to prevent terrorism in Africa from snowballing into America, and also to get a greater hold on resources and the huge consumer base.
These reasons definitely does not make Africa a threat whatsoever to the US, the way china is.
It only highlights the fact that Africa is a baby that needs to be watched and sometimes exploited since she can't use her resources herself.
You are out of your depth here. grin
God bless America.
Re: United States, EU Report Nigeria To World Trade Organization. by Bluffly: 2:32pm On Nov 12, 2015
EternalTruths:



You can easily reduce cost of production by establishing industrial areas and build special power stations for them to supply them electricity


In the case of interest rate and inflation rate, you can support the companies by not taxing them in their first 20 years of operation.


cool

You might have a point. This is a long term approach but in the short run we can manage what we have at hand, only in the short run
Re: United States, EU Report Nigeria To World Trade Organization. by CSTR2: 2:37pm On Nov 12, 2015
holyfather:


which hammer
this right here is why we are still the "third world",cockroach mentality.
it's time for Africa to wake up from that horror dream!
it's no fun!
Africa is a shitthole with no protective cover whatsoever.
Russia a second world country is suffering the effects of crossing the US, let alone Africa.
The time to play a strong game with the US is not now. Develop your country to a point of self-sufficiency and prosperity, then you can talk. China did not started acting strong until they became truly strong.
For now, any sanctions the US inflicts on Africa would send the continent back to the stone age.
That is the bitter truth.
Re: United States, EU Report Nigeria To World Trade Organization. by ritababe(f): 2:40pm On Nov 12, 2015
baralatie:

it means the us and EU is as members of the w.t.o body is making a report of sharp malpractices where traders are complaining not being able to do business and they want the w.t.o to see the issues been raised.

tnk u
Re: United States, EU Report Nigeria To World Trade Organization. by Qc1(m): 2:40pm On Nov 12, 2015
He who want to fly must first learn how to walk, he who want to walk must learn how to fall. This is the best decision for both short and long term for Nigeria. The only problem I have with this is power sector. If Fashola can revamp these issues then Nigeria will be great. It will take some time, maybe four years but after a decade of promoting local industry, Nigeria will be a force to recon with. It takes China 30 years but It will take Nigeria just under 7 years because of availability of today technologies. Nigeria have both the population and expertise to build this nation. These guys that reside in US/EU knows what I'm talking about.

Let the US/EU shut up! We have to build from within, they don't even patronize our oil anymore! Anything that is bad for them is good for us. Do you guys think US/EU love us that much to care about us more than us? They know it will only take less than 8 years to get back on track to be one of the biggest economy in the world. They need us more than we need them.
Re: United States, EU Report Nigeria To World Trade Organization. by ritababe(f): 2:40pm On Nov 12, 2015
wristbangle:


Rita, let me explain to u in a lame man way. They are concern that we no longer buy from them hitherto affecting their revenue generation.

ok tnx
Re: United States, EU Report Nigeria To World Trade Organization. by ritababe(f): 2:41pm On Nov 12, 2015
drss:
dat US and EU report buari to world trade organization for manipulating foriegn exchange currencies - d dollar.

tnx boo
Re: United States, EU Report Nigeria To World Trade Organization. by hollandis(f): 2:43pm On Nov 12, 2015
Bluffly:


Everything in life requires painstaking to achieve. Work before enjoyment and not enjoy all through.

You have absolutely gone mad
Re: United States, EU Report Nigeria To World Trade Organization. by hollandis(f): 2:44pm On Nov 12, 2015
dragunov:
You are a punk ass muthafucka! You are sooooooooo dumb and clueless like your hero and his disaster of a wife.

I am based in USA he goat
Re: United States, EU Report Nigeria To World Trade Organization. by InvertedHammer: 2:49pm On Nov 12, 2015
CSTR2:
Africa pose no threat whatsoever to the US. The combined African GDP is just at $2.0 trillion compared to a single US state of carlifornia with a GDP of $2.3trillion grin grin.
The US provided a forum called the AGOA for african countries to export their products to the US as a means of helping them.
South Africa decided to play smart by eating her cake and having it at the same time, and the US threatened to drop the hammer and they would be in the right.
/
Don't tell the GDP story to the deluded Nigerians that always compare Nigeria with USA.

Los Angeles, one of the many counties(LGA) in California has GDP of $650bn. while Nigeria as a country is celebrating $500bn in GDP.

Fact remains that Nigeria is a very poor country.
/
Re: United States, EU Report Nigeria To World Trade Organization. by 247notire(m): 2:52pm On Nov 12, 2015
The stupidity of many NLers is bewildering. Most of them conveniently ignored the part which says that Nigerian delegates have also complained. Kids all over here mehn. All businessmen I knw are complaining bitterly, even Chamber of Commerce has complained, Manufacturers Association of Nigeria has complained una dey here dey behave like the proverbial ostrich. I weep for this country. Next year is looking very very bad from what I see. Inasmuch as I hate US, what is being said by them nw has been said severally by our indigenous firms too. Block heads abound on NL I swear and most of them are buhari supporters. It's a pity...
Re: United States, EU Report Nigeria To World Trade Organization. by Nobody: 2:53pm On Nov 12, 2015
the idiots are worried that our economy would improve and their own would reduce... so we should keep importing rice and tooth pick when we can produce it ourselves.
Re: United States, EU Report Nigeria To World Trade Organization. by Dee60: 2:56pm On Nov 12, 2015
Why should they be bothered that Nigeria is no longer interested in funding import of toothpicks and fish?

Which sensible nation that is surrounded by water will be imprting rotten fish from far away south america? With all our forest of Iroko trees, why should it be difficult to make toothpicks?

Looks like someone wants to use us dumping ground forever. Meanwhile they wont allow us carry elubo and garri through their airports, even when they are meant for our own household consumption.

Can you imagine?
Re: United States, EU Report Nigeria To World Trade Organization. by 400billionman: 3:09pm On Nov 12, 2015
EternalTruths:
Chai

Buhari go school , you sey no.


Sebi you don see wetin you cause


True Federalism wey for help diversify the economy and keep our dollar supply high, you kick am away


Kai Buhari grin





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APC knew he had no certificate..
Re: United States, EU Report Nigeria To World Trade Organization. by amazingspiderma: 3:12pm On Nov 12, 2015
OnReflection:


You would wipe that grin off your face, once you've had acquainted yourself with some useful knowledge which goes beyond the pedestrian comparison tendered above.

Unfortunately, as I have not the time nor the wherewithal to take the seeing-blind and hearing-deaf to school, today; you will have to make do with a paper published by one of the most respected Public Policy think tanks in the United States: Top Five Reasons Why Africa Should Be
a Priority for the United States -- http://www.brookings.edu/research/reports/2013/04/africa-priority-united-states



You can thank me later... cool

Took time to read the report and came up with the following points.

Proactive engagement with Africa in securing peace and security is vital for the mutual benefit of both Africa and the United
States is lacking.US focus on mainly on security and this is reactive while China focus on developmental projects which is highly proactive.

The reality is that the U.S. is being increasingly edged out of the continent politically and economically as Chinese funding flows to Africa with “no strings attached,” such as requirements on transparency, anti-corruption, environmental protection,development and better governance.This is contrary to the US approach;For instance the failed arms deal between the Federal government and the US is a good example.US is losing trust quite rapidly.

The U.S. needs to better coordinate with China on providing aid, technology and technical support in the fields of health care, and
medical and agricultural assistance. Currently most of the support from the US is in humanitarian aid and medicine,these areas have little direct commercial benefit and require less capital and infrastructure development.

U.S. government provides virtually no support for American businesses seeking to trade or invest in Africa.

Beyond global health, the U.S. is the leading donor of humanitarian aid to sub-Saharan Africa, particularly in the area of emergency food;The US failed to take advantage of long standing relationship to advance knowledge on technology and development with Africa,rather they were more concern with spying and resource exraction.But China is building relationships with governments which translates into both resource and technology transfer.

The US is still thinking AID while China is thinking business;

Right now for every possible US Multinationl in Nigeria,there is a Chinese equivalent.China is giving Africa (Nigeria) alternative,it is no longer a monopoly.

The US oil companies for instance have continously polluted lands thereby destroying the livelihoods of people in oil producing regions without fully addressing these issues.When they want to they send out funds through unreliable stakeholders who end up mismanaging it.Meanwhile for any chinese projects,the chinese take direct responsibility from start to finish,knowing fully well that African leaders have bad fund management records.This model is the same as the Julius Berger construction company operation. Oil companies especially those from the U.S. would have to start thinking in this direction and make sure that all relevant projects on community social responsibilities and compensation are executed by trusted partners even if they have to come from abroad.

The US would have to raise its game and rethink,it is no longer business as usual.

1 Like

Re: United States, EU Report Nigeria To World Trade Organization. by Nobody: 3:13pm On Nov 12, 2015
I will say is n't totally bad for the band & i know stringe up in no time,.if actually want Nigeria work for other nation should admire of,..though am from 5% part of naija according NEPA bill certificate holder,. We south south will continue watching their body odour
Re: United States, EU Report Nigeria To World Trade Organization. by 400billionman: 3:16pm On Nov 12, 2015
drss:
wat happen to d billions of dollar investment buari was alleged to have brought from d US trip?

Buari did not attract a single investment from his numerous US trips simply because he didnt travel with an economic team..
Re: United States, EU Report Nigeria To World Trade Organization. by agabusta: 3:19pm On Nov 12, 2015
Bluffly:


I begi. This is a story for the god's. If the hardship will stimulate local production, let it be. So they want our importation to keep rising over Exportation. They are all economic saboteurs. Imagine them saying approval should have being sought from IMF, over what. Nonsense.

I thought I was the only one tht noticed tht nonsense tht "approval should have been sought from the IMF".

That is the height of arrogance. How there they utter that crap to us?

That silly Nigerian Representative needs to be fired as soon as possible.

The person is very daft and lack the finesse and wisdom of a trade diplomat.

2 Likes

Re: United States, EU Report Nigeria To World Trade Organization. by drss(m): 3:26pm On Nov 12, 2015
400billionman:


Buari did not attract a single investment from his numerous US trips simply because he didnt travel with an economic team..
talk about a dullaard. Buari is clueless.
Re: United States, EU Report Nigeria To World Trade Organization. by Favparis(f): 3:27pm On Nov 12, 2015
ojuolu:

Obviously you are not schooled in the science of economic management. You won't see the effect of this policy now because its either you eat from your parents pot or your disposable income is so small that the free falling value of naira have no meaning to you. It is better to guess what could have been for laymen like you than to practically experience what harm the free falling value of naira which this selfish first world countries are preaching will do to the country economy and her people.


How does this answer an Innocent question? undecided undecided
Re: United States, EU Report Nigeria To World Trade Organization. by JuanDeDios: 3:29pm On Nov 12, 2015
PassingShot:
This is an indication that PMB/CBN took the right decision. Any economic decision that makes US/EU frown at us or report us to any body is surely good for our own economy.
No necessarily. They're frowning because the policies are bad for them. Whether they're good for us is a separate matter. One doesn't equate to the other.
Re: United States, EU Report Nigeria To World Trade Organization. by dragunov: 3:30pm On Nov 12, 2015
hollandis:


I am based in USA he goat
Now who gives a shit about where you are holed up? So because you're holed up there now gives you the right to spew trashy stuff all around? You don't have the right to talk then.

1 Like

Re: United States, EU Report Nigeria To World Trade Organization. by Bluffly: 3:31pm On Nov 12, 2015
hollandis:


You have absolutely gone mad

You and your forefathers, foremothers Generation to generation are suffering from chronic madness
Re: United States, EU Report Nigeria To World Trade Organization. by Nobody: 3:34pm On Nov 12, 2015
Gbam !

Not just recalled, but dismissed!

I hope like in all ministries the trade minister would be commencing the purging of dead wood and rotten apples within his ministry and that individual should be amongst the staff that he sheds.
baby124:
Buhari should recall that foolish representative talking against the wishes of his country. What a dullard

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