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Poor Power Supply Is The Biggest Constraint On Investment In Nigeria - UK Govt - Politics - Nairaland

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Poor Power Supply Is The Biggest Constraint On Investment In Nigeria - UK Govt by Naijiant: 12:13pm On Oct 13, 2016
The UK government has concluded that epileptic power supply is the single biggest factor hindering economic growth in Nigeria.
Details: http://www.naijiant.com/articles/poor-power-supply-biggest-constraint-investment-growth-nigeria-uk-govt/
Re: Poor Power Supply Is The Biggest Constraint On Investment In Nigeria - UK Govt by 989900: 1:16pm On Oct 13, 2016
Everyone knows that already, throw in archaic laws too.

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Re: Poor Power Supply Is The Biggest Constraint On Investment In Nigeria - UK Govt by orisa37: 2:21pm On Oct 13, 2016
No UK. Power is improving. Our CBN Policy is killing us. Our Naira is woefully drained to Foreign Exchange Exploiters. No low interest loans to refurbish small scale factories. Our Banks have become totally irrelevant, confused and confusing. Our CBN is responsible.
Re: Poor Power Supply Is The Biggest Constraint On Investment In Nigeria - UK Govt by omohayek: 3:22pm On Oct 13, 2016
orisa37:
No UK. Power is improving. Our CBN Policy is killing us. Our Naira is woefully drained to Foreign Exchange Exploiters. No low interest loans to refurbish small scale factories. Our Banks have become totally irrelevant, confused and confusing. Our CBN is responsible.

You're putting the cart before the horse. The reason why the Naira continues to slide is because our non-oil exports are insufficient to bring in the foreign exchange we need to stabilize the currency, and the reason why this is the case is because domestic industry is crippled by factors like lack of electricity and poor transport. There's no need to blame "exploiters" or a CBN conspiracy for anything.

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Re: Poor Power Supply Is The Biggest Constraint On Investment In Nigeria - UK Govt by Naijiant: 5:13pm On Oct 13, 2016
omohayek:


You're putting the cart before the horse. The reason why the Naira continues to slide is because our non-oil exports are insufficient to bring in the foreign exchange we need to stabilize the currency, and the reason why this is the case is because domestic industry is crippled by factors like lack of electricity and poor transport. There's no need to blame "exploiters" or a CBN conspiracy for anything.
Take a bow, sir!

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