grandstar:


So Nigerians are asking to be spoonfed?

Lending rate is 25%, power supply is epileptic, Apapa ports are a nightmare for importers, the government has shut the borders, more goods are being banned and you say Nigerians are expecting to be spoonfed?

People are trying to find one means or the other to survive such as Okada's and tuktuks and government's are banning them left right and center.

The economy is barely growing 2% per Annum. No matter how hard Nigerians try, the forces against progress even with their best efforts is challenging.

Nigerians aren't asking to be spoonfed. On the contrary, they ask for too little but this government policy is always putting them down.

Look at car importation. A once thriving sector and government slams a 70% import duty on it. They have now turned many into smugglers.

The unemployment stats are expected to be released tomorrow. We'll see if Buhari improved the economy like they say. I predict the unemployment rate to raise since that's been the trend since he entered office.

Blue3k:


The unemployment stats are expected to be released tomorrow. We'll see if Buhari improved the economy like they say. I predict the unemployment rate to raise since that's been the trend since he entered office.

The unemployment rate is only going to worsen. The economy needs to grow at 7% to create enough jobs to adsorb those entering the labour force annually. At 2% economic growth rate, there's bound to a decline in employment numbers.

The economy is messed up till 2023 or as long as Buhari is up there. Even after his exit, only deep reforms are carried out, the economy will still remain comatose

grandstar:


So Nigerians are asking to be spoonfed?

Lending rate is 25%, power supply is epileptic, Apapa ports are a nightmare for importers, the government has shut the borders, more goods are being banned and you say Nigerians are expecting to be spoonfed?

People are trying to find one means or the other to survive such as Okada's and tuktuks and government's are banning them left right and center.

The economy is barely growing 2% per Annum. No matter how hard Nigerians try, the forces against progress even with their best efforts is challenging.

Nigerians aren't asking to be spoonfed. On the contrary, they ask for too little but this government policy is always putting them down.

Look at car importation. A once thriving sector and government slams a 70% import duty on it. They have now turned many into smugglers.

What is stopping docile Nigerian from going onto the street and saying "No More". Nigerian protested in 2012 when GEJ tried to cut oil subsidies and invest in infrastructures. Nigeria protested to keep the oil subsidies that only benefited oil importers at the expense of infrastructure development.

Sowere, tried to organised street protest to force good governance but Nigeria stayed at home. If Nigerian refuse to fight for their right the only option is hardship and pain.

sulaak:
The OPEC Plus agreement between Saudi Arabia and Russia was bound to fail, due to the overproduction of US Shale oil and now with oil racing toward a low of $25 per barrel only low production countries in the middle east can make a profit from oil export, for Nigeria, the failure to diversify its economy is now looking like a disaster.

How will Nigeria generate $5-10 billion per annum to service its debt? Maybe, Nigeria should consider cancelling the planned $22 billion loan immediately and focus on a debt restructuring programme for the remaining $90 billion.

Haha, how can a dullard understand your explanations ?

Cancel what, money wey I don plan to use send Boko Haram boys to foreign universities ?

RapistOnBail:
No! Don't wait for Government to provide you a good life. Work for it.

The governments responsibility is to create Peace and harmony in the country. This leads to a favorable market sphere for both local and foreign investors.

Nigerians want to be spoon fed by the Government

Lazy human beings

I don't blame you, maybe one parastatal pays you N100k a month and you are talking rubbish.

You that is hardworking in Nigeria, how many houses have you built ?

Given 5 years from now, your false sense of financial security will fail you. It is cyclical.

A worldwide recession is loading and your company may soon have no money to pay your salaries.

Naughtysite:


I don't blame you, maybe one parastatal pays you N100k a month and you are talking rubbish.

You that is hardworking in Nigeria, how many houses have you built ?

Given 5 years from now, your false sense of financial security will fail you. It is cyclical.

A worldwide recession is loading and your company may soon have no money to pay your salaries.

I don't work for nobody. And that's a key to financial breakthrough . You won't understand this tho.

Oracle23:


The U.S are not reliant on crude oil like nigeria.

Their citizens n businesses will do well this period because the price of gasoline n diesel will fall heavily in America

Share prices are tumbling in US, today alone 6% stock value gone.

Corona virus effect.

The oil price slump won't affect US much.

Over 200k new jobs created by Trump govt in February.

Kei144:
https://www.cnbc.com/2020/03/08/oil-plummets-30percent-as-opec-deal-failure-sparks-price-war-fears.html

Very bad news for Nigeria's oil dependent economy.


You can shield urself from this looming nigeria's economic doom by joining sairuimall e-commerce business with a minimum of just #53,200 VIP2 plan and become financially free. This company will help you to sell their own products and return both ur trading capital and profits together with one free product after every 10 days of online trading. This chinese company have been in business since 2008 and have been paying it's members without any hitches.
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plaetton:


Don"t mind the fools.
We even have one dimwit here , Rossinnki, even celebrating and bragging about who should not get a piece of the foreign loan.
Can you just imagine ?
A fool, obviously suffering from acute stockholm's syndrome, celebrating and bragging about the debt enslavement of himself and his generations of children.

My brother na so we see am. SE no dey vex self because we know say dem go loot am, my own is that I wonder who will pay the debt

CanadaOrBust:


Ignorance. It is VERY BAD for US economy. US is by far the world’s greatest producer of oil. In fact there are speculations they did this partly to hurt US economy

America isn't dependent on oil for a bulk of its crude oil earning or for its budget. I doubt oil contributes up to 5% for each. In Nigeria, it contributes 70% for both.

Falling oil prices means cheap petrol which cheap energy for motorists and many businesses

RapistOnBail:
Since you can type this without Any oppression, then an average Nigerian can find Nigeria favorable to do business.

Creating peace and harmony isn't enough. If it was, Bhutan would be the richest country on earth and Zambia too.

For countries to excel, it's the governments duty to create a favorable business environment. This is glarely missing in Nigeria today. Even the peace and harmony you shout about, point it out with all these Fulani bandits and militias all over the country not to talk of a war in the North East?

grandstar:


America isn't dependent on oil for a bulk of its crude oil earning or for its budget. I doubt oil contributes up to 5% for each. In Nigeria, it contributes 70% for both.

Falling oil prices means cheap petrol which cheap energy for motorists and many businesses

So how do u explain this?:
“WALL STREET
The largest point drop in history occurred on March 9, 2020 as panic over a new oil war between Saudi Arabia and Russia caused the Dow Jones Industrial Average to fall 2,014 points.”

As of the time of filing this report, security had been beefed up at the House of Assembly complex.

It was learnt that the fight broke out during a debate on the report of the Chairman of Kano State Public Complaints and Ant-Corruption Commission.

Aminu Ado Bayero has been named the new emir of Kano, replacing Muhammadu Sanusi, who was dethroned a few hours ago.

Abba Anwar, chief press secretary to Abdullahi Ganduje, governor of Kano, disclosed this in a statement.

---

Read More:
https://speakersden2..com/2020/03/emir-of-kano-sanusi-dethroned-aminu-ado.html

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Video:

https://www.youtube.com/watch?v=L7ns_dD6xaY

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grandstar:


Creating peace and harmony isn't enough. If it was, Bhutan would be the richest country on earth and Zambia too.

For countries to excel, it's the governments duty to create a favorable business environment. This is glarely missing in Nigeria today. Even the peace and harmony you shout about, point it out with all these Fulani bandits and militias all over the country not to talk of a war in the North East?

The fulani herdsmen poses a threat to the welfare of Nigerians. No doubt about that.

The Combined wealth of Nigeria 5 Richest Men is somewhat over 30 billion dollars.

Ask yourself how these men happen to pull up such amount of Wealth in a terrible Economy like the average Nigerian would say.

Let's start taking blames and responsibilities for our actions.

THE GOVERNMENT OWES US NOTHING.

RapistOnBail:
The fulani herdsmen poses a threat to the welfare of Nigerians. No doubt about that.

The Combined wealth of Nigeria 5 Richest Men is somewhat over 30 billion dollars.

Ask yourself how these men happen to pull up such amount of Wealth in a terrible Economy like the average Nigerian would say.

Let's start taking blames and responsibilities for our actions.

THE GOVERNMENT OWES US NOTHING.

Thanks for your response.

In the extreme dog eat dog atmosphere you promote, there will winners but it will be too scanty. We might as well all deport to the DRC.

So, do you think countries can become prosperous with your assertions? Or can individuals prosper with your beliefs?

Research has shown otherwise. Countries can not become prosperous with the government owing you nothing!

Yes, there will be a few winners but most will be losers. Even the big dons you mentioned, how did they make their money? Dangote was through monopolies he built up which was rigging the sytem for his benefit. That means either other businessmen or the consumers were losers. Look at cement, by asking the government to ban importation of cement, we pay about 50% above the international price for it.

Folorunsho Alakija was simply gifted an oil well by Mariam Babangida. Otedola's money is clean

In which place do you expect to get returns, very arid land or fertile soil? You get the best results on fertile soil. It is the job of government to create fertile soil. The more fertile it is, the greater the rewards on personal efforts.

The World Bank has a "Ease of Doing Business" report and rate countries based on how easy it is to do business. If you want to follow the money, just follow the top rankers.

Rwanda, an African country ranks 30 or so which is quite good. It is one of the best-governed countries in Africa. Its capital is the cleanest in Africa. Foreigners are rushing there to invest and even Nigerians are going there to set up businesses.

The same fools you call lazy travel out and do well overseas. Hardwork and ingenuity has its limits if the ground is arid.

Is it too much to ask for goods to be cleared within 48hours? Is it too much for import duties to be low

grandstar:


Thanks for your response.

In the extreme dog eat dog atmosphere you promote, there will winners but it will be too scanty. We might as well all deport to the DRC.

So, do you think countries can become prosperous with your assertions? Or can individuals prosper with your beliefs?

Research has shown otherwise. Countries can not become prosperous with the government owing you nothing!

Yes, there will be a few winners but most will be losers. Even the big dons you mentioned, how did they make their money? Dangote was through monopolies he built up which was rigging the sytem for his benefit. That means either other businessmen or the consumers were losers. Look at cement, by asking the government to ban importation of cement, we pay about 50% above the international price for it.

Folorunsho Alakija was simply gifted an oil well by Mariam Babangida. Otedola's money is clean

In which place do you expect to get returns, very arid land or fertile soil? You get the best results on fertile soil. It is the job of government to create fertile soil. The more fertile it is, the greater the rewards on personal efforts.

The World Bank has a "Ease of Doing Business" report and rate countries based on how easy it is to do business. If you want to follow the money, just follow the top rankers.

Rwanda, an African country ranks 30 or so which is quite good. It is one of the best-governed countries in Africa. Its capital is the cleanest in Africa. Foreigners are rushing there to invest and even Nigerians are going there to set up businesses.

The same fools you call lazy travel out and do well overseas. Hardwork and ingenuity has its limits if the ground is arid.

Is it too much to ask for goods to be cleared within 48hours? Is it too much for import duties to be low

Valid points! Though I have lost count of the Argument.

Its in man's nature to be Follower but not leaders. Maybe that was programmed in our inherited Culture.

Not everyone can be an Entrepreneur, but a very few can make a Lot of differences.

Yes! Government not owing us Nothing would buckle us to be productive in whatsoever way. It brings in Self dependance/Independence, self reliability, most of all INNOVATION.

We don't even leverage on existing technologies to cater for our basic needs. We just Love to WORK for 35 years and retire and live a miserable retirement age.

Have a Good night.

I think that this will be reflected in many countries, and on the dollar. If the dollar falls, then it will be hard for all of us to trade forex.

I hope this is not for long, the outbreak of the coronavirus will stop and production will resume their work.