chamber2:

You are yet to make any meaningful contribution.What does your A.O Lawal say about the current issue?

We are waiting

Sanusi Weldon sir[/quote


What is the meaning of this?

yinkaoke:

Devaluation or no devaluation, our economic problem is still anchored on infrastructural development, a fundamental source of our economic problems whose negative spiral effects are enormous but could bring positive and awesome multiplier effect if resolved and put in place.
Take for instance if our roads, refineries are repaired and our power is stable with utmost security the following among others will emerge:
 For Good road network – flow of internal trade and business, even development of urban areas.
 Functional refineries – refined products importation will be zero or minimal, hence a reduce dollar demand, reduced pump rice and problems of subsidy or no subsidy removal solved. We could even start exporting refined products precipitate crude oil export meaning more revenue to the country, increase in our reserves, even an increase in FAAC, more money to state government to maintain their states amidst other source of income and a boaster of our naira.
 Stable power supply – influx of foreign investments, investors, more establishments of companies, more employment opportunities for our timing population, presence of more manufacturing companies leading to a decrease in importation, and a nil imported inflation.
All of the above is dependent on the caliber and efficiencies of our newly appointed ministers and advisers of MR President.
Pending the time all of the above would materialize if at all, I honestly think the CBN should go back to RDAS- Retail Dutch action system to address the loop holes in the flow of currency supply

yinkaoke:

Devaluation or no devaluation, our economic problem is still anchored on infrastructural development, a fundamental source of our economic problems whose negative spiral effects are enormous but could bring positive and awesome multiplier effect if resolved and put in place.
Take for instance if our roads, refineries are repaired and our power is stable with utmost security the following among others will emerge:
 For Good road network – flow of internal trade and business, even development of urban areas.
 Functional refineries – refined products importation will be zero or minimal, hence a reduce dollar demand, reduced pump rice and problems of subsidy or no subsidy removal solved. We could even start exporting refined products precipitate crude oil export meaning more revenue to the country, increase in our reserves, even an increase in FAAC, more money to state government to maintain their states amidst other source of income and a boaster of our naira.
 Stable power supply – influx of foreign investments, investors, more establishments of companies, more employment opportunities for our timing population, presence of more manufacturing companies leading to a decrease in importation, and a nil imported inflation.
All of the above is dependent on the caliber and efficiencies of our newly appointed ministers and advisers of MR President.
Pending the time all of the above would materialize if at all, I honestly think the CBN should go back to RDAS- Retail Dutch action system to address the loop holes in the flow of currency supply

yinkaoke:

Devaluation or no devaluation, our economic problem is still anchored on infrastructural development, a fundamental source of our economic problems whose negative spiral effects are enormous but could bring positive and awesome multiplier effect if resolved and put in place.
Take for instance if our roads, refineries are repaired and our power is stable with utmost security the following among others will emerge:
 For Good road network – flow of internal trade and business, even development of urban areas.
 Functional refineries – refined products importation will be zero or minimal, hence a reduce dollar demand, reduced pump rice and problems of subsidy or no subsidy removal solved. We could even start exporting refined products precipitate crude oil export meaning more revenue to the country, increase in our reserves, even an increase in FAAC, more money to state government to maintain their states amidst other source of income and a boaster of our naira.
 Stable power supply – influx of foreign investments, investors, more establishments of companies, more employment opportunities for our timing population, presence of more manufacturing companies leading to a decrease in importation, and a nil imported inflation.
All of the above is dependent on the caliber and efficiencies of our newly appointed ministers and advisers of MR President.
Pending the time all of the above would materialize if at all, I honestly think the CBN should go back to RDAS- Retail Dutch action system to address the loop holes in the flow of currency supply

yinkaoke:

Devaluation or no devaluation, our economic problem is still anchored on infrastructural development, a fundamental source of our economic problems whose negative spiral effects are enormous but could bring positive and awesome multiplier effect if resolved and put in place.
Take for instance if our roads, refineries are repaired and our power is stable with utmost security the following among others will emerge:
 For Good road network – flow of internal trade and business, even development of urban areas.
 Functional refineries – refined products importation will be zero or minimal, hence a reduce dollar demand, reduced pump rice and problems of subsidy or no subsidy removal solved. We could even start exporting refined products precipitate crude oil export meaning more revenue to the country, increase in our reserves, even an increase in FAAC, more money to state government to maintain their states amidst other source of income and a boaster of our naira.
 Stable power supply – influx of foreign investments, investors, more establishments of companies, more employment opportunities for our timing population, presence of more manufacturing companies leading to a decrease in importation, and a nil imported inflation.
All of the above is dependent on the caliber and efficiencies of our newly appointed ministers and advisers of MR President.
Pending the time all of the above would materialize if at all, I honestly think the CBN should go back to RDAS- Retail Dutch action system to address the loop holes in the flow of currency supply

yinkaoke:

Devaluation or no devaluation, our economic problem is still anchored on infrastructural development, a fundamental source of our economic problems whose negative spiral effects are enormous but could bring positive and awesome multiplier effect if resolved and put in place.
Take for instance if our roads, refineries are repaired and our power is stable with utmost security the following among others will emerge:
 For Good road network – flow of internal trade and business, even development of urban areas.
 Functional refineries – refined products importation will be zero or minimal, hence a reduce dollar demand, reduced pump rice and problems of subsidy or no subsidy removal solved. We could even start exporting refined products precipitate crude oil export meaning more revenue to the country, increase in our reserves, even an increase in FAAC, more money to state government to maintain their states amidst other source of income and a boaster of our naira.
 Stable power supply – influx of foreign investments, investors, more establishments of companies, more employment opportunities for our timing population, presence of more manufacturing companies leading to a decrease in importation, and a nil imported inflation.
All of the above is dependent on the caliber and efficiencies of our newly appointed ministers and advisers of MR President.
Pending the time all of the above would materialize if at all, I honestly think the CBN should go back to RDAS- Retail Dutch action system to address the loop holes in the flow of currency


All these points makes a whole lot of sense but there are meant to be a 'post plan' economy development. Lets look at what is feasible and attainable for now which are:monetary and fiscal policies.
External reserve management, credit ratings and credit lines,
Currency evaluation, Interest rates etc as listed by the other Op.

ebere1712:

The sanusi man should be judged by what we see not what he speaks or laws he implements. All the laws he has implemented so far have and will all have negative impacts. He should have more education and experience before occupying such sensitive position. May be this will help Nigerians see why they should patronize made in Nigeria goods.

ypad:

the rise in dollar is GEJ fault it's the CBN. One of the duty of CBN is to regulate the currency.