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Politics / Re: Nobody Can Accuse Me Of Corruption - Hope Uzodinma by Coronavirus1: 4:33pm On Aug 22 |
Shame Shame Shame father of corruption starting from supreme court judgement. 2 Likes 1 Share |
Politics / Re: Top 10 States With The Worst Infrastructure In Nigeria - PEBEC 2023 by Coronavirus1: 4:20pm On Aug 22 |
Wainey:We have 37 state supreme court declaration of inec results show Abuja as a state |
Politics / Re: From Fuel Costs To Passport Fees, Nigerians Struggle Under Price Hikes by Coronavirus1: 4:17pm On Aug 22 |
Kobojunkieee:The state doesn't have the authority to raise the gas tax because fuel inflation is caused by the federal government, not the state. You claim to defend the government, but in truth, it’s the government that’s negatively impacting you. |
Foreign Affairs / Re: Judgment Debt Default: U.S. Court Awards $111 Million To Trafigura Against Ghana by Coronavirus1: 7:27am On Aug 22 |
They want to crippled African economy insider hand work 1 Like |
Politics / Re: Joe Ajaero: TVC News Anchor Vs NLC General Secretary, Ugboaja (Video) by Coronavirus1: 1:01pm On Aug 21 |
Solving Nigeria's economic problems requires a multifaceted approach. Here are ten potential solutions: 1. **Diversification of the Economy**: Reduce dependency on oil by investing in other sectors like agriculture, manufacturing, and technology. 2. **Education and Skill Development**: Improve education to equip the workforce with skills needed in modern industries, fostering innovation and entrepreneurship. 3. **Infrastructure Development**: Invest in infrastructure such as roads, electricity, and telecommunications to support business growth and attract foreign investment. 4. **Tackling Corruption**: Strengthen anti-corruption agencies, enforce laws, and promote transparency in government spending and contracts. 5. **Support for Small and Medium Enterprises (SMEs)**: Provide access to credit, training, and market opportunities to support the growth of SMEs, which are crucial for job creation. 6. **Improve Agricultural Practices**: Modernize agriculture through the use of technology, better seeds, and farming methods to increase productivity and food security. 7. **Monetary and Fiscal Policies**: Implement sound monetary policies to control inflation and ensure stable exchange rates while maintaining responsible fiscal policies to manage debt. 8. **Attract Foreign Investment**: Create a stable political and economic environment, simplify regulations, and provide incentives to attract foreign investors. 9. **Health Sector Improvement**: Enhance healthcare delivery to reduce disease burden, improve worker productivity, and attract medical tourism. 10. **Regional Integration and Trade**: Engage more actively in regional trade agreements within Africa to open up new markets for Nigerian goods and services. These solutions would require strong leadership, political will, and collaboration between government, private sector, and civil society. |
Politics / Re: Joe Ajaero: TVC News Anchor Vs NLC General Secretary, Ugboaja (Video) by Coronavirus1: 12:59pm On Aug 21 |
Apc I warned you 3 times don't set this country on fire 🔥 14 Likes |
Politics / Re: How To Cripple A Developing Economy Like Nigeria - David Hundeyin by Coronavirus1: 12:46pm On Aug 21 |
CyrusVI:Let me respond for him Here are 10 examples highlighting the challenges facing Nigeria's economy right now: 1. **Inflation Spike**: Nigeria's inflation rate is soaring, leading to higher prices for basic goods and services, making it difficult for many to afford daily essentials. 2. **High Unemployment**: Unemployment and underemployment rates remain alarmingly high, especially among the youth, contributing to widespread poverty. 3. **Currency Depreciation**: The Nigerian Naira continues to lose value against major foreign currencies like the US dollar, reducing purchasing power and increasing the cost of imports. 4. **Fuel Subsidy Removal**: The recent removal of fuel subsidies has led to a sharp increase in fuel prices, affecting transportation costs and the prices of goods. 5. **Public Debt**: Nigeria's public debt is rising, with more of the country's revenue going towards servicing debts, leaving less for infrastructure and social services. 6. **Power Supply Issues**: Persistent power outages and inadequate electricity supply hinder industrial growth and productivity, affecting businesses nationwide. 7. **Agricultural Struggles**: Farmers face challenges such as insecurity, high costs of inputs, and poor infrastructure, leading to reduced agricultural output. 8. **Insecurity**: Widespread insecurity, including terrorism, banditry, and kidnapping, has disrupted economic activities in various regions, discouraging investments. 9. **Brain Drain**: A growing number of professionals are leaving the country in search of better opportunities abroad, resulting in a loss of skilled labor. 10. **Corruption**: Endemic corruption continues to drain resources from the economy, with funds often misappropriated or stolen, impeding development projects and public services. 3 Likes |
Travel / Re: Details Of The Calabar Fatal Accident & The Victims (Photos) by Coronavirus1: 11:47am On Aug 21 |
vanbonattel:You are correct I support you because I love enjoyment and people that enjoy life. The life is too short to be forming na me holly pass. |
Politics / Re: Oil Producers Reject Mandate To Supply Local Refineries Crude by Coronavirus1: 10:08pm On Aug 20 |
Federal government please revoked all oill producers linces any one who refuse to sale to local refinery. 14 Likes 1 Share |
Politics / Re: Appeal Court Orders Ex-kogi Governor Yahaya Bello To Appear For Trial by Coronavirus1: 5:48pm On Aug 20 |
He will run to another black market judge to appeal the judgement in another court |
Politics / Re: Kogi Gov Appoints 1,192 Additional Aides by Coronavirus1: 5:26pm On Aug 20 |
Don't waste your time appointing supreme court will sack him very soon. |
Politics / Re: NLC President, Ajaero Rejects Police Summon, Suggests August 29th by Coronavirus1: 5:25pm On Aug 20 |
yarimo:So is yahaya Bello above the law? 4 Likes |
Travel / Re: How Much Is Enough To Relocate From Nigeria To Ghana by Coronavirus1: 5:00pm On Aug 20 |
50 millón naira |
Properties / Re: Abia Government Begins Demolition Of Structures, Landlords Kick by Coronavirus1: 4:59pm On Aug 20 |
Ikaeniyan0:Why will somebody buy school Allocated land? 😈 minded |
Politics / Re: Sayyu Dantata Imports Fuel From Malta by Coronavirus1: 4:44pm On Aug 20 |
Where is your proof propaganda Apc Affiliation |
Foreign Affairs / Re: Crowd Chants "Lock Him Up " After Hillary Clinton Mentions Donald Trump At DNC by Coronavirus1: 4:33pm On Aug 20 |
CyrusVI:Concentrate on Nigeria politics get your pvc to vote bad government out leave America alone many great women are doing well in presidency in other countries. 2 Likes |
Politics / Re: Shaibu Remains The Deputy Governor - Appeal Court by Coronavirus1: 2:47pm On Aug 20 |
Judgement copies Apc are wonder party |
Travel / Re: 3 Girls Die In Tragic Car Accident On MCC Road In Calabar (Photos) by Coronavirus1: 2:45pm On Aug 20 |
Druking and driving that is the result. Rip to the dead. |
Crime / Re: Armed Robber Arrested After He Robbed A Nigerian Store In Netherlands (video) by Coronavirus1: 1:45pm On Aug 20 |
Spandau:Nigerians are not criminals abroad by caring gun to rob a shop. They can be 419 abroad not rubbing 1 Like |
Politics / Re: Shut The Economy If Ajaero Is Arrested, NLC Directs Workers by Coronavirus1: 1:04pm On Aug 20 |
Military even have small respect for the people Tinubu government is a failure to humanity IGp prosperity will judge you. |
Crime / Re: Armed Robber Arrested After He Robbed A Nigerian Store In Netherlands (video) by Coronavirus1: 12:08pm On Aug 20 |
ShogunNoName:Yes you are correct |
Politics / Re: Nigeria Owes NNPC $4.9 Billion Fuel Debt by Coronavirus1: 10:54am On Aug 20 |
God punish NNPCL for saying Nigeria is owing them they are the one owing Nigeria government the money federal government spend on our refinery where is the money you imported fake fuel to the country shame to NNPC and NNPCL |
Crime / Re: 3 Kingpins, 16 Other Convicts Bag 302 Years In Jail For Drug Trafficking (pics) by Coronavirus1: 9:59pm On Aug 19 |
Why are you giving options of fines this not sentence that's freedom. 22 Likes 1 Share |
Politics / Re: Presidency: I am Not Eyeing Tinubu’s Job in 2027 – Ganduje by Coronavirus1: 9:15pm On Aug 18 |
No smoke without fire 🔥 |
Politics / Re: FG Eyes $500m W’bank Loan To Boost Education, Health Sectors by Coronavirus1: 4:21pm On Aug 18 |
**Title: A Call for Responsible Governance: Managing Nigeria's Wealth Without Borrowing** Nigeria is a nation blessed with immense natural and human resources, yet it finds itself increasingly burdened by debt. The temptation to borrow in the face of economic challenges is understandable, but it is not sustainable. Our nation's future depends on our ability to manage our wealth wisely, harness our resources effectively, and build a self-reliant economy. It’s time for the Nigerian government to reconsider its approach to economic management and focus on maximizing the potential of the resources at its disposal. ### The Burden of Borrowing Nigeria's debt profile has been on the rise, with loans being taken to fund infrastructure projects, pay salaries, and cover budget deficits. While borrowing can provide immediate relief, it comes with long-term consequences. The cost of servicing these debts consumes a significant portion of the national budget, leaving less room for investment in critical sectors like education, healthcare, and social welfare. Moreover, excessive borrowing weakens the naira, increases inflation, and makes the country vulnerable to external shocks. ### Leveraging Our Resources Nigeria is richly endowed with oil, gas, solid minerals, and arable land. These resources, if properly managed, can generate significant revenue and reduce the need for borrowing. The government should prioritize transparency and accountability in the management of these resources. Corruption and mismanagement have historically hindered the effective utilization of our wealth, but with strong political will, this can be addressed. ### Diversifying the Economy Relying on oil as the primary source of revenue is a risky strategy. Global oil prices are volatile, and the world is gradually moving towards renewable energy. Nigeria must diversify its economy by investing in agriculture, manufacturing, technology, and tourism. By doing so, the country can create jobs, boost exports, and increase revenue, reducing the need to borrow. ### Cutting Wasteful Spending The Nigerian government must also address wasteful spending. The cost of governance is high, with a significant portion of the budget allocated to recurrent expenses such as salaries, allowances, and perks for public officials. By streamlining government operations, reducing the number of political appointments, and cutting unnecessary expenses, the government can free up resources for critical investments. ### Encouraging Private Sector Participation The government cannot drive economic growth alone. It must create an enabling environment for the private sector to thrive. By removing bureaucratic bottlenecks, improving infrastructure, and ensuring policy stability, the government can attract both local and foreign investments. This will not only reduce the pressure on government finances but also stimulate economic growth and create jobs. ### Conclusion: A Call for Responsible Governance Nigeria's future should not be mortgaged through excessive borrowing. Instead, the government should focus on managing the nation's resources effectively, diversifying the economy, cutting wasteful spending, and encouraging private sector participation. By doing so, Nigeria can achieve sustainable development, reduce its debt burden, and ensure a prosperous future for its citizens. It’s time for our leaders to demonstrate responsible governance and make the tough decisions necessary to secure Nigeria’s future. The resources are there; what we need is the political will to manage them wisely. |
Politics / Re: FG Eyes $500m W’bank Loan To Boost Education, Health Sectors by Coronavirus1: 3:59pm On Aug 18 |
No more loan manage the country resources. Stop wasteful cut down all allowance |
Health / Re: Edo Health Reforms: A Model For Sustainable Healthcare Improvement - Osarunwese by Coronavirus1: 1:28pm On Aug 18 |
Go to Benin city and verify it's there. 1 Like |
Politics / Re: LG Election: Labour Party Secures Most Votes Without Candidate In Bauchi by Coronavirus1: 1:20pm On Aug 18 |
yarimo:It will never be well with Tinubu for bringing tribe into politics God will puninsh your real papa 🐐 2 Likes |
Business / Re: Meet 24 Nigerian Billionaires In Oil And Gas Industry by Coronavirus1: 1:45pm On Aug 17 |
The Niger delta where the oil is floating from non of of his citizen are among the oil magnet. |
Politics / Re: Hadejia: Shock As Videos, Photos Link Gunrunner To Government Officials by Coronavirus1: 12:11pm On Aug 17 |
Minster of defence should be arrested or sack from his duty. 1 Like |
Politics / Re: Nigeria Eyes $500 Million World Bank Loan To Reduce Staffing Gaps. by Coronavirus1: 2:22pm On Aug 16 |
This government is corse for taking loan up and down because they are happy to share the money 💰 among themselves one day is coming |
Family / Re: ‘It’s A Skit’, Says Man Who Trended After Wife ‘Tore’ His Passport by Coronavirus1: 8:26am On Aug 15 |
adenigga:Story cover up because the woman is going to jail it's not a skit what about the drama inside flight ,You will end up in early grave if you continue with such a wife |
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