Bullfallo:
A fast economy relief.

1, For me i think fuel should come down below #350.
this will bring down transportation and gradually impact the economy and wellbeing from a little savings.

(Just imagine transporting 1k everyday to work plus feeding on a salary of 30k to 50k?)

2. Open the borders for food to come in. This is no longer cheap as the naira declined to cefa. Even okrika clothes are expensive because of cefa change rate.
But atleast whatever cab be gotten that is cheaper than what we have here should come in This will bring down some food the price.

3.local indigenous vigilante to secure community and farm lands. This should encourage productivity in food security

Bullfallo:
A fast economy relief.

1, For me i think fuel should come down below #350.
this will bring down transportation and gradually impact the economy and wellbeing from a little savings.

(Just imagine transporting 1k everyday to work plus feeding on a salary of 30k to 50k?)

2. Open the borders for food to come in. This is no longer cheap as the naira declined to cefa really fast. Even okrika clothes are now very expensive because of cefa exchange rate.
But atleast whatever can be gotten that is cheaper than what we have here should come in. And This will bring down some food price.

3.local indigenous vigilante to secure community and farm lands. This should encourage productivity in food security

nairalanda1:


The problem is, as at when the new government came in, debt was eating 90% of our revenue. The only way to pay for increased fuel subsidy is by borrowing more and more money..to plug the holes left in by subsidy. Add the fact that subsidy costs have shot up because of the fall of the naira and high oil prices, and you get a future mess that won't bond well for our economy.

If we want subsidies to come back...we either find more revenue...which takes time, or we borrow.




You do that, and you get cheap food, at the cost of our farmers suffering massive losses, on top of what is happening now.

Yes, I do not support closed borders, and banning rice was a bad thing...but unrestrained open borders to reduce food costs? NO.

PLus dollars are scarce. Open the borders, unrestrained imports, unrestrained use of dollars to import.....naira crashes more.




TO an extent I guess they are doing that.....but the problem is

1.Our police is underfunded. We give them one tenth of what the NYPD gets to police New York, a city that last I checked does not have 200 million people, nor is the size of NIgeria

2.Our police is undermanned. 350000 Men and women are expected to police 200 million or more people. Add the fact that even if we withdraw all those police on unnecessary guard duty and send them to the 'front', it still won't be enough.

Sort the above and we would have some more security.

accordadoga23:
Hehehe

Coming from a patriotic Nigeria not the ones who want Obi the failure so that few weeks to the end of his tenure in Aso rock he can declare Biafra.

Nice one OP

nothingspoil70:
There is no quick fix to the mirage of economic problems facing Nigeria at the moment. All you wrote above are mere wishful thinking.

We are all responsible for what is happening in the country at the moment. We need a national re orientation

Bullfallo:
we trade with neighbors with cefa and not dollars. We export and import through borders. Can’t you see cefa grow to overtake the naira 350% under APC and worst during this administration.

Naira the worst performing currency against other currencies like never before under this administration

Bullfallo:
A fast economy relief.

1, For me i think fuel should come down below #350.
this will bring down transportation and gradually impact the economy and wellbeing from a little savings.

(Just imagine transporting 1k everyday to work plus feeding on a salary of 30k to 50k?)

2. Open the borders for food to come in. This is no longer cheap as the naira declined to cefa really fast. Even okrika clothes are now very expensive because of cefa exchange rate.
But atleast whatever can be gotten that is cheaper than what we have here should come in. And This will bring down some food price.

3.local indigenous vigilante to secure community and farm lands. This should encourage productivity in food security

nairalanda1:


That only works for some imports. For many other imports, especially rice....we have to use dollars. Use more dollars, naira crashes more.




Yes, because 80% of our revenue comes from one source, and there is no diversification of earning sources. It is the fault of both the previous and this government.