gnss:
I don't do Politics of Tribe ,Hatred ,Hypocrisy .

Yesterday I was having a discussion with an Elderly Man an APC Party Man who is a Staunch Supporter of Tinubu about the Economy Situations .

He Said ,Kama Ton Arawaje ,Ilu Osunwon Rara ooo.

Meaning ,Without Deceiving ourselves the Things in the Country is not Okay at all.

He is a Yoruba Man ,I am too .

I do not Belongs to the Class of People that Believes even if The President Policies is not Working Good Results then I must Keep Talking like a Zombie ,

Let's face the Reality .

Things are Getting More Worse .

If you say ,You are Okay ,Several Millions are Sufferings ..Go to the Streets and see .

Now Objectively ..

Concerning the Dollars ,Finance ,P2P , Crypto Etc have been Blammed ,Yet Dollars Keep Rising .

WHAT EXACTLY DO YOU THINK THE GOVERNMENT ,CBN GOVERNOR SHOULD DO PRACTICALLY TO STRENGTHEN THE NAIRA ?

BabbanBura:
But PO has being telling you guys the solutions nah, why asking you here?

1. Production production production. You gat to produce for home and export. So Bulabu needs to mobilise the country to production be it farming, be it industries (manufacturing), be it human labour (capital). The above will reduce imports and therefore fx demands. Excess will improve fx supply. To achieve this, he needs to fix the security and roads

2. Improve exports - be it out solid minerals, oil and gas, agro and allied products, electricity, human capital (manpower, skills etc)

3. Prosecute the past and current thieves, recover funds stashed abroad and home, make them face jail term.

4. Continue to deal with speculators, bank chiefs that aid the politicians to launder funds, the BDCs that move money around for terrorism and other vices

These are arranged in order of impacts and priority. Buy Bulabu is only tackling number 4 and you all are clapping for him. Now that the effect if 4 has worn out, naira is slumping again

able20:

Tinubu is Pandemic already.

gnss:
I don't do Politics of Tribe ,Hatred ,Hypocrisy .

Yesterday I was having a discussion with an Elderly Man an APC Party Man who is a Staunch Supporter of Tinubu about the Economy Situations .

He Said ,Kama Ton Arawaje ,Ilu Osunwon Rara ooo.

Meaning ,Without Deceiving ourselves the Things in the Country is not Okay at all.

He is a Yoruba Man ,I am too .

I do not Belongs to the Class of People that Believes even if The President Policies is not Working Good Results then I must Keep Talking like a Zombie ,

Let's face the Reality .

Things are Getting More Worse .

If you say ,You are Okay ,Several Millions are Sufferings ..Go to the Streets and see .

Now Objectively ..

Concerning the Dollars ,Finance ,P2P , Crypto Etc have been Blammed ,Yet Dollars Keep Rising .

WHAT EXACTLY DO YOU THINK THE GOVERNMENT ,CBN GOVERNOR SHOULD DO PRACTICALLY TO STRENGTHEN THE NAIRA ?

gnss:



Make Valid Points ,Speak Maturedly,This is too Childish.

What do you think Asiwaju Should do to Strengthens the Naira .

Several Millions are Suffering ,Don't you think about the Masses ,Why would you only care about Politicians Occupying a Position only when the people he Governs are Dying .

Oya Make Reasonable Suggestions and Leave whatever anyone says that Annoys you .

hothead:


Two metrics are very important. If they can be balanced;

Demand-Pull: GDP growth, consumer spending, export volume.

Supply-Cost: Inflation rate, interest rates, business operating costs.

Gdp growth will mean consumer spending has increased and export volumes up.

How will consumer spending increase? Currently majority of the population earn less than $2.50/day. How can we increase the people's earnings to $10/day?
What resources/tech can be leveraged on?

I have ideas of several solutions leveraging on tech that can help increase earning of the people. That's another topic.

How will exports increase? What are the most exportable resources? Which ones have the highest return rates and the lowest creation cost? There are there in plain sight: we invest in them and make them 1st solve local gaps and then export across Africa and the world.

All of this is solving for demand pull.

Them supply cost - Inflation rate must be controlled using data, interest rates must be balanced with the Ecosystem to business operating costs low enough to keep sustainable operations.

Some actions can have elements of both demand and supply-side effects like address speculations which is necessary. After blocking all leakages from new technologies in the digital economy, create regulations like SEC is doing with the VASP license and then reopen the digital space up.

Show transparency and communicate about economic policies with citizens for input to build trust and confidence, potentially leading to increased consumer and investor spending.

Then obviously, Manage foreign exchange reserves effectively.

BabbanBura:
But PO has being telling you guys the solutions nah, why asking you here?

1. Production production production. You gat to produce for home and export. So Bulabu needs to mobilise the country to production be it farming, be it industries (manufacturing), be it human labour (capital). The above will reduce imports and therefore fx demands. Excess will improve fx supply. To achieve this, he needs to fix the security and roads

2. Improve exports - be it out solid minerals, oil and gas, agro and allied products, electricity, human capital (manpower, skills etc)

3. Prosecute the past and current thieves, recover funds stashed abroad and home, make them face jail term.

4. Continue to deal with speculators, bank chiefs that aid the politicians to launder funds, the BDCs that move money around for terrorism and other vices

These are arranged in order of impacts and priority. Buy Bulabu is only tackling number 4 and you all are clapping for him. Now that the effect if 4 has worn out, naira is slumping again

MEEVEET:

First thing first listen to Peter obi interviews on moving from consumption to productions

Read and understand theory of comparative advantage

Then try and familiarize yourself with how developmental economics works

Now

Your revenue to debt servicing is already 110%
This means that you need to borrow 10% of what you earn to pay interests for the loan we have already borrowed

Recurrent expenditure is about 200% revenue that's the money needed to run government, pay workers, buy diesel for army, police and others

Does it make sense now to borrow money and do a very beautiful fine sweet costal road that would increase debt servicing/ recurrent expenditure and not increase revenue?

Does it not make sense to invest the loan into something that would increase revenue and at least pay back it's own loan? Is that not the logical thing to do?

How do you do this you would ask... By investing in your people like Peter obi said... How?

Let's take example a village in Benue... That village have 300 farming families and have 10,000 hectares... But can only farm 1000 hectares yearly due to manual labor

Now imagine CBN sends people to talk to this people... Why not put all your farms together and form a cooperative, each person shares being the percentage of farm they bring

Then as a cooperative you approach a bank nearest to you, they give you loan interest loans given to the bank by CBN

With this loan thy buy improved seeds, mechanize their farms

Not only would their yeild per hectares increase based on improved input they now farm more lands in far less time... So cost of production drops

They can still approach banks for more loan to process their products, for rice rice mill for cassava you can have ethnol , fruity juice for fruit farmers ,Feed mill for corn and soya bean farmers

These reduced the cost of production, make the price of foods to reduce and farmers richer

You don't do this by providing 75 billion to SMEs
You do this by providing minimum of 5 trillion years to banks at an interest rate of say 2% banks search for this cooperative, educate them, guid them and give them loan at say 7% interest rate

Must not be farms can he garments factory, leather works, ICT companies, etc

Now that's how you kick start economic growth

FashionCookie:
After they'll say d leaders are clueless. Oya "intelligent" pple we dey wait.
See as everywhere dry....😆 🤣

BabbanBura:
But PO has being telling you guys the solutions nah, why asking you here?

1. Production production production. You gat to produce for home and export. So Bulabu needs to mobilise the country to production be it farming, be it industries (manufacturing), be it human labour (capital). The above will reduce imports and therefore fx demands. Excess will improve fx supply. To achieve this, he needs to fix the security and roads

2. Improve exports - be it out solid minerals, oil and gas, agro and allied products, electricity, human capital (manpower, skills etc)

3. Prosecute the past and current thieves, recover funds stashed abroad and home, make them face jail term.

4. Continue to deal with speculators, bank chiefs that aid the politicians to launder funds, the BDCs that move money around for terrorism and other vices

These are arranged in order of impacts and priority. Buy Bulabu is only tackling number 4 and you all are clapping for him. Now that the effect if 4 has worn out, naira is slumping again

PARADIZEPRIEST:
STOP IMPORTING NONSENSE INTO NIGERIA LIKE EXPENSIVE FOREIGN LIQIORS E.G
MOET
HENNESSEY
CHAMPAGNE ETC
FOREIGN CARS
FORIEGN FURNITURES ANF FITTINGS
FOREIGN KITCHEN UTECIKS
FOREIGN SUITS AND FABRICS
THESE ARE THE RUBNISH THST TAKE OUR DOLLARS OUT.

ALL THESE THINGS WE HAVE LOCAL PRIDUCERS ON GROUND, LEAVE FOREIGN GOODS ALONE,tell all the four people that contested for presidency and their chronies to stop wasting our dollars ,and stop globe tripping like obi. even when election gllast year.

Badmashiii:


It's really tough being a leader let alone a whole president.

Forget those people calling our presidents "clueless" or 'dullards",when given the same opportunity they'll definitely do worse.

First of all you'll look for solutions,then you'll face another hard task of implementing it. To make any positive changes in this country,you must bruise a lot of people. And also get ready to be bruised too.

You're fighting a bloody war.

This post is just looking for solutions o,we're not dealing with implementation yet where you shall face the real work. See as everywhere dry,no much sensible thing.

stallonsly:
It's so simple.... I had to retrieve my password on nairaland because I see this trend as interesting

The solution to naira appreciation is very simple... I just wish it can b implemented

First... Cut down the denomination of the naira note down to 100 naira note as our highest currency

That will discouraging hoarding of the naira note

Secondly all transactions should b done on local currency

Imagine paying senators and governors with 100 naira denomination note and putting high tax on use of dollar note..

Thank you

Fuckyoumod:
this is a foolish question especially when the cause is known.

Naira was deliberately killed (devalued) by Tinubu after floating the naira. So nothing can be done until he decides to stop his stupid financial policies.

Nigerfine3:
Grammatical blunder as headline, too bad

PARADIZEPRIEST:
STOP IMPORTING NONSENSE INTO NIGERIA LIKE EXPENSIVE FOREIGN LIQIORS E.G
MOET
HENNESSEY
CHAMPAGNE ETC
FOREIGN CARS
FORIEGN FURNITURES ANF FITTINGS
FOREIGN KITCHEN UTECIKS
FOREIGN SUITS AND FABRICS
THESE ARE THE RUBNISH THST TAKE OUR DOLLARS OUT.

ALL THESE THINGS WE HAVE LOCAL PRIDUCERS ON GROUND, LEAVE FOREIGN GOODS ALONE,tell all the four people that contested for presidency and their chronies to stop wasting our dollars ,and stop globe tripping like obi. even when election gllast year.

gnss:
I don't do Politics of Tribe ,Hatred ,Hypocrisy .

Yesterday I was having a discussion with an Elderly Man an APC Party Man who is a Staunch Supporter of Tinubu about the Economy Situations .

He Said ,Kama Ton Arawaje ,Ilu Osunwon Rara ooo.

Meaning ,Without Deceiving ourselves the Things in the Country is not Okay at all.

He is a Yoruba Man ,I am too .

I do not Belongs to the Class of People that Believes even if The President Policies is not Working Good Results then I must Keep Talking like a Zombie ,

Let's face the Reality .

Things are Getting More Worse .

If you say ,You are Okay ,Several Millions are Sufferings ..Go to the Streets and see .

Now Objectively ..

Concerning the Dollars ,Finance ,P2P , Crypto Etc have been Blammed ,Yet Dollars Keep Rising .

WHAT EXACTLY DO YOU THINK THE GOVERNMENT ,CBN GOVERNOR SHOULD DO PRACTICALLY TO STRENGTHEN THE NAIRA ?

Ola9ja23:


IPOBidients day dreaming

We know the reason why you people jubilate when Naira depreciate is bcs you think that would make your Bitter Obituary to win through back door


Even if Naira depreciate to 50000 against dollar, Asiwaju remains our president till 2031

Nothing your bitter Obituary or his IPOBidients followers can do to defeat Asiwaju