dannewlife:
Divide this country PEACEFULLY into regions. Let every region find a solution to their problems in their own unique way .

godoluwa:
daily balanced diet requires a tin of milk & egg. How old are you plz?

oduastates:

A balanced diet requires the right amount of protein ,carbs and vitamins
How clueless are you?

grandstar:


History always repeats itself.

In 2009 when the price of crude oil collapsed to $35 from $148 in 2008, the naira came under intense pressure. Soludo refused to allow the naira to depreciate from around 120 where it was.. He started introducing forex restrictions.

The naira however depreciated from 120 to 190 at the black market, a difference of up to 70naira. Before the difference was not more than 2naira.

When Sanusi came in that year, he immediately devalued the naira at the official rate to 150. Immediately, the black market rose from 190 to around 155.

If Buhari should devalue the naira between 230 and 240, the black market will converge with the official rate.

dBard:


The cheapest and best source of protein n essential nutrients is Milk.
That's why milk is regarded almost as a complete meal on its own.

Careful how quick u call someone clueless

AbleGodAlways:





Don't ever pray for what happened in 1983 repeat itself else na leg you go use go niger Republic, you better go and ask your father for the gist

obasiken:


In 1983, people had to line up to buy a tin of milk. Go and ask your father. This policy is an ancient policy or you now know better than 2 former CBN governors sanusi and soludo who have come out to say the same thing.

oduastates:
NOTHING I WANT MORE THAN FOR CRUDE OIL PRICES TO FALL MORE AND MORE .
This is the best thing to shock the country out of uselessness. And if people refuse to change , let them continue to suffer.
It will also be good for the Niger delta

At this present moment , I believe that the true value of the naira is closer to N5000 if you discount oil.
Basically means that Nigeria does not export anything , does not make anything and will forever remain dysfunctional until the bitter medicine is applied
Restricting dollars does work . It did work in 1983 .
It means that individuals and companies whose business are built on importation and dumping of basic items will suffer and possibly collapse .
It also means that potential local alternatives will grow out of the ashes .
I cannot forget how South Korea used Nigeria to experiment and dump those paper Daewoo experio cars .we allowed them . Countries come and dump in Nigeria without restrictions while they put all sorts of restrictions on Nigerian agricultural produce.

Nigerians want to buy what they cannot afford .
What has changed between 1983 and now is the taste for excessive luxury.
What has never worked in Nigeria is the devaluation.
Every devaluation in a Nigeria has always led increase in poverty while the looting elites later bring back a little bit of their looted dollars to buy government properties for cheap.
To show you how the useless Nigerian economy behaves, tomatoes , onions and beef sellers have increased their prices because of the devaluation of naira.
When exactly did dollars become the Nigerian currency.
None of the inputs into the production of these two goods has suffered a corresponding increase in price.
What you have there is an economy that simply does not work . For a few years under Obj , it felt like Nigeria was about to build a truly middle class led economy . That dream was blown away by Yar Adua and Jonathan
This is why I support the dismantling of the current system of excessive importation which I hope will be followed up by the dismantling of the informal sector as shown by the behaviour of these tomatoes seller.
This crisis remains an opportunity. Let the elites cry and starve for the dollars .
This crisis present and opportunity to change the way Nigeria works .
A Nigerian value chain can be built without much effort . If your drink factory need orange concentrate , source it locally . Mango is wasting away in Benue , tomotoes is rotting away in the north .
Talking about priorities,
Ondo was building useless conference centres when it should be building Cocoa plantations . Cross river was building Tinapa instead of palm oil , Akwa ibom was building stadium instead of pineapples and coconut , Osun building airport instead of plantain.
Do they know that they can build an entire value chain on what they have ? From chocolate to soap , cosmetics ,detergent,lubricants, medicine etc

obasiken:


In 1983, people had to line up to buy a tin of milk. Go and ask your father. This policy is an ancient policy or you now know better than 2 former CBN governors sanusi and soludo who have come out to say the same thing.

oduastates:


For a Nigerian , the cheapest is beans

wirinet:


And is it by force to drink milk? In fact an adult does not have the need to drink cow milk. If Nigerians are obsessed with drinking milk, then they should rear cows and milk them. The government says there is no dollars to import milk and you are complaining of lining up for milk. If you insist on drinking foreign milk, then source for dollars yourself and import it.

sarutobie:

You've been making phantom claims here..how much quantity of beans will twenty naira get you? Twenty naira sachet milk will provide an individual with the essential amino acids,minerals and fat needed for his/her daily activity.

In fact, most people believe that their health will be jeopardized if they don’t consume dairy products. Cows milk is often described as nature’s most wholesome food. Our “nutritional education” in schools (funded in part by the dairy industry) teaches us that dairy products form one of the main food groups we all need for proper nutrition. And with the most powerful Congressional leaders in Washington receiving campaign contributions from the National Dairy Council, we can be assured that dairy products will continue to be advertised as food that is “necessary” for good health.

Humans weren’t designed with an odd gene flaw requiring us to drink the milk of other animals to grow, because every species has endemic traits that only apply to their specific type.

Cow’s milk contains most of the same components as human breast milk, however, these components are not in the same amounts. For example, humans have the most advanced brains of all species on earth, therefore human breast milk has evolved into having high levels of PUFAs or polyunsaturated fatty acids (especially linoleic acid) which is responsible for the rapid brain development.

Cow’s milk, on the other hand, contains significantly lower amounts of PUFAs, but higher levels of saturated fats, which contribute to rapid body building. Therefore it should come as no surprise that cow’s milk has double the amount of protein than human milk because cows double their size in 45 days, while humans take 180 days for the same growth.

In addition to the difference in the amount of protein in cow’s milk when compared to human milk, there are also major differences in the composition of this protein. There are two important proteins in milk; Casein and Whey. Cow’s milk has twenty times more casein, which puts a huge pressure on human digestion as it coagulates and forms dense curds that are adapted for the four tiered stomach digestive apparatus of a cow. Human milk, on the other hand, is made up of sixty to eighty percent more whey than casein which is easier to digest for our stomachs.

These are some very logical, factual and scientific reasons why a cow has a brain weight three times as small as ours and a body weight seven times as heavy. The bottom line is, cow’s milk is meant for calves to grow and not humans. We are really not meant to be drinking cow’s milk, at least not in the quantities that we do and especially not into adulthood. To make matters worse, human milk is getting more and more contaminated by pesticides due to the meat and dairy that makes up a mother’s diet.
- http://www.onegreenplanet.org/lifestyle/is-cows-milk-meant-for-human-consumption-part-1/

wirinet:


This is where you have got it all wrong. N20 beans is far mor nutritional and beneficial than N20 cow milk. The only problem with beans is that you need micro amounts of animal protein to fully activate it. Infact cow milk is said to have many nagative consequence on humans, cow milk was designed for cows and not human, that it is why it is dangerous to give infants unprocessed cow milk and it is dangerous to give cow milk to baby cats and dogs.
Read this for more info

ISpiksDaTroof:


If not for a collapse in the system--- a rot which was allowed to fester because of previous irresponsible Governments--- shouldn't you be asking yourself why you have a black market for currency?

obasiken:


In 1983, people had to line up to buy a tin of milk. Go and ask your father. This policy is an ancient policy or you now know better than 2 former CBN governors sanusi and soludo who have come out to say the same thing.

wirinet:
I have never supported the devaluation of the Naira. Every government since the 70s had devalued the naira and we never fared better after the naira was devalued. Each time the Naira was devalued, we also go through rounds of socio-economic crisis. As the naira rate increases against the dollar, inflation would skyrocket (since we import everything), petrol prices would increase (and the same argument would come up again that petrol has become cheaper than a bottle of coke), labour would discount wages in dollar terms and ask for increase in wages (because take home pay would no longer take you home, doctors would go on strike and demand wage increases, poverty levels would increase, etc. PDP/TAN/IPOB aka wailing wailers would be estatic saying we told you Buhari is a disaster and call for civil disobiedience.

So buhari is trying to manage a very tricky situation with the current dollar policy, he is giving dollars very cheap for importing essential commodities like fuel, medicines and industrial raw materials, while telling those that want to import milk, tooth-picks and champaigns to source their dollars themselves. Whether this policy would work in the long run, i am not sure as the policy is highly prone to abuse.

sarutobie:

You've been making phantom claims here..how much quantity of beans will twenty naira get you? Twenty naira sachet milk will provide an individual with the essential amino acids,minerals and fat needed for his/her daily activity.

grandstar:


In a 3rd world economy like ours where there is a lot of business done informally, a black market is not bad. Its just a place where people buy forex, especially superfast without the bureaucracy and time it takes going through the official channel

Even the CFA countries with a currency tied strongly to the Euro and defended stoutly by France has parrallel or black marlets. for easy conversion.

As long as the difference is not more than 3%, then no problem

ISpiksDaTroof:
You don't understand what's going on, so stop pretending like you do. Look at you trying to reduce the argument to Bean and Milk. Why don't you just sit back, read and learn from those that have a better understanding instead of interjecting and learning nothing like a typical Nigerian.

obasiken:
In 1983, people had to line up to buy a tin of milk. Go and ask your father. This policy is an ancient policy or you now know better than 2 former CBN governors sanusi and soludo who have come out to say the same thing.

989900:


What happened in 1983?

ISpiksDaTroof:
I asked simple question and your defense was 10th world countries with hopelessly useless Economies that use the CFA?!

My man, this discussion is bigger than you. You need to just sit back and watch the likes of Oduastates teach you what you're pretending to know.

AbleGodAlways:




Go and ask your father

obasiken:


In 1983, people had to line up to buy a tin of milk. Go and ask your father. This policy is an ancient policy or you now know better than 2 former CBN governors sanusi and soludo who have come out to say the same thing.

grandstar:


When thry say an economy is overheating , what does that mean? Give me 2 countries that adopted the US dollar as their national currency and why? And the simpliest of questions, if I export a product from the UK to france, how much Import duty will the French importer pay? You have 5minutes!