pinkcottoncandy:
why are Nigerians against borrowing?

UK has a population of 70 million and they owe over 1Trillion dollars.

Our Government should be able to borrow ....UNDER THESE CONDITIONS.

1) Borrow money to build 4 regional refineries. This will eliminate the fx losses from oil export/import saga. We will not need to export any oil but to use our oil here in Nigeria and sell any excess to neighbouring african countries. Masses will be able to enjoy little crumbs from the national cake ...as price of fuel will reduce to maybe 20 naira per littre....our currency will stabilise ....ohhh and appreciate....

2) Borrow to fix our NEPA electricity issues so that the common man can enjoy life, local business can grow and industries can strive, inviting foreign investment to build factories regionally so that youths can get employed.


THESE ARE THE ONLY 2 ISSUES THE GOVERNMENT SHOULD BE ALLOWED TO FIRST BORROW MONEY FOR. AND NOTHING ELSE UNTIL THESE 2 ARE ACCOMPLISHED....

It does not matter if the amount borrowed is 200 billion dollars

Imagine our annual budget for 200 million people( no need to deceive ourselves..we are more that 200 million in number)....

A tiny budget for a lot of people. considering the purchasing power parity is not in our favour.....Goods are more expensive in Nigeria that other countries how are we expected to develop...how is our GDP supposed to increase...

I dont understand who advises our leaders....a bunch of IDJIOTS. Why can they not get leading professors globally to form thinktanks to advise on our different policies before they are implemented?

A person who does not realise he has body odour...how will he know that he needs to buy a good rollon;....The same way a government who does not understand the dynamics that drive and economy, how can they know how to create policies to fix the economic mess Nigeria is in?

YOUTHS YOU MUST RAISE YOUR VOICES-----WE NEED GLOBAL THINKTANKS TO ADVISE OUR GOVERNMENT AND NOT FAT BELLIED FOOOLLLSS THAT KNOW NOTHING ABOUT ECONOMICS.

AS FOR THE STUPIDITY OF OUR CBN.....NO COMMENT!!!

Nice analysis, but unfortunately economics does not work that way, UK may be having one trillion dollars as it debt profile, but they have a strong economic structure, large GDP, increasing GNP and most importantly a consistent revenue generation. Thesame thing with USA and China. Please try to verify these :
Nigerian revenue ratio to it debt
Nigerian GNP ratio to it debt.
Stability of Nigerian currency and
Efficiency of it tax collection.

It depends on the following factors
1 The applicant dependency level. (ie number of people he feed)
2.location of the applicant.
3.financial discipline.

This reminds me of NYSC CAMP AMADA Gombe state. It was really terrible.

If all this is what an undergraduate needs to sustain in order to be able to graduate with "Distinction ". Then I rather flex and graduate with 2:1.

That is African mentality for you. That why Donald trump said that Africa needs to be Recolonise.

LACK OF PRIORITY.

Every now and then is public holiday, after same government will close firms nd businesses over tax eviction.

THERE ARE TWO THINGS THAT WE CAN NOT ESCAPE IN LIFE.
DEATH AND TAX.

U said it All.

Rilwayne001:
Is it their fault? No. It's the fault of the illiterate president and the retarded minister of Education. Apparently this system won't work because of those olevel results were gotten from special centers. Most of those who claimed to have A' have nothing to show that they are indeed quality for it. But with this new policy of no post ume, they have an upper hand than those who worked hard to earn their complete results.

And the funniest thing is that, by this time next year, hundreds of this new intake will be withdrawn for failing to meet departmental/faculty gp cut off, why because they are not qualified to be there in the first place.

With the irregularities in Olevel exams and Jamb, this new system is dead on arrival. Post ume remains the best option until the Jamb/olevel rot are cleaned for good.

daveP:
Abeg click Like if to get sense no be by 1st class.


(dodges mugs hurled at his head)

All these ministers sef get good grades but totally inexperienced practically. That's where I look down at economists; all na theory.

point of correction udoma is an economist neither is the minister of finance.

Their is positive correlations between oil price and corruption in Nigeria. I.e high oil price leads to high corruption

WHAT A TRAGEDY. MY CONDOLENCES

Mr man 2:2 and two 2:1 are two separate grade regardless of institution you graduated,as long as you can defend it anywhere in the world.

REST IN PEACE

GOD HAVE MERCY ON YOUR CHILDREN.

Oga sir if u knew that the economy is in the right direction. Why then do u want to sell our national assets.

This country is in a mess!!!

Proudly Economist. We are not stingy,but rather rational spenders.

Am not surprise of the governors endorsing the sale of national assets, after selling it the know how much that will be allocate to them for looting.

What did he do with the money, this man deserve to be jailed after he lives office.

greenpasture:


Budgeting is a process of compiling data from multiple sources and verifying the data. You don't need an economist to do this. Anyone who thinks like the house does simply hasn't had a good education. Why appoint Obama a lawyer over a complex economy like the US?

The objective of education is allowing you to have a logical thought process. Budgeting or even running a country does not require function specific skill sets. These guys have people to do function specific tasks.

Don't limit yourself.

Even if you have a degree in English you can run IBM Budgeting and by the way anyone who sits on as many corporate boards as Udoma does, can read a corporate balance sheet. A national balance sheet simply has more zeros. Process is the same.

The only reason the house is beefing him is because he was formerly in the PDP. When they passed him as fit to be a minister, were they drunk?

I disagree with u there are positions or appointments that require a professional on that field. Example is USA, u must be an economist to be a FED chairman.

This country is in a mess.
Lawyer:minister of budget nd economic planning
Accountant: minister of finance
Lawyer:minister of power, housing nd works
Surgeon :minister of labour nd employment

What do u expect with this type of wack appointments.

For what reason will he apologise,

If fully implemented it will help cushion the poverty level in the economy.

CBN should do what is needful by reducing the MPR in order to stimulate the economy which is in a contrationary state.

[quote author=FlirtyKaren post=49539526]According to Portharcourt based journalist/sports anchor China Acheru, sperm donors are charging 150k, egg donors 400k in Port Harcourt. How tempting is this offer?

Don't forget the consequences, huge implications of sharing your sperm with fertility banks. lol. Funny reactions from China & his followers continue after the cut.

http://www.lailasblog.com/2016/09/so-sperm-donors-are-charging-150k-egg.he]Dame the consequences