SmartPolician:
Countries need people who understand Economics to run them now. If we make the mistake of not voting for Peter Obi, $1 to #600 will be a joke by the end of 2023. It may go beyond 1,500 per USD by that time. To be forewarned is to be forearmed.

Peter Obi won't change anything....

Unless he is willing to remove fuel and electricity subsides so as to open them to investment and growth, and free up money for other things and really fight corruption...

But most of you his supporters don't want the power and petroleum sectors setting their prices.

Subsidywise20:


Peter Obi won't change anything....

Unless he is willing to remove fuel and electricity subsides so as to open them to investment and growth, and free up money for other things and really fight corruption...

But most of you his supporters don't want the power and petroleum sectors setting their prices.

Promote your candidate and stop disturbing us.

SmartPolician:


Promote your candidate and stop disturbing us.

Same to you.

P.S : I have no candidate, but I don't want to see LP,PDP, APC, NNPP or SDP in power again.
PPS I stand by my post. I am tired of hearing candidates like your Obi and their Tinubu and Atiku who bring in vague promises, no specifics. You want a strong naira, YET, ye do not tell us how you would do it.

Those saying the living standard of nigeria is better than Ghana are actually lying to themselves, Nigeria with her huge deposit of oil and natural resources cannot boast of 24hrs electricity or energy atleast Ghanaians are protesting which shows their level of civility and understanding of their nation's economy and not Nigeria which is filled with bunch of population with low IQ and poor understanding of economy and used to suffering and smiling.

NaMe4:


You further strengthened his point.

How would they survive in the typical Nigerian environment with lack of basic infrastructure to start with?

How has Nigerians been surviving thus far?

Ghanaians should take it easy. The economic downturn is everywhere in the world right now.
There are riots and protests from Peru to Pakistan to Ecuador and workers strikes in France and even people in America and the U.K. are grumbling about hike in the prices of everything.

They should manage like the rest of the world and not use unrest scatter their small country.

JokwaNwannem:
Those saying the living standard of nigeria is better than Ghana are actually lying to themselves, Nigeria with her huge deposit of oil and natural resources cannot boast of 24hrs electricity or energy atleast Ghanaians are protesting which shows their level of civility and understanding of their nation's economy and not Nigeria which is filled with bunch of population with low IQ and poor understanding of economy and used to suffering and smiling.

We did protest (ENDSARS anyone?, 2011 subsidy and occupy Nigeria protests) but at the end of the day, nothing changed(the elite ended up coopting both protests smartly). Ditto Ghana.

At the end, change involves a radical changing of the economy, where there is a risk of things getting worse before they get better. Ghanaians, Nigerians, and other African countries don't want to do that...too politically expensive.

Okoroawusa:
Ghanaians should take it easy. The economic downturn is everywhere in the world right now.
There are riots and protests from Peru to Pakistan to Ecuador and workers strikes in France and even people in America and the U.K. are grumbling about hike in the prices of everything.

They should manage like the rest of the world and not use unrest scatter their small country.

I doubt anyone wants to take it easy....

CSTRR:
Ghanaian women can come.

The rest should go back.

See your head... You never talk wetin dey hungry you

Subsidywise20:


I doubt anyone wants to take it easy....

Everyone has to. That is the difference between people in developed and underdeveloped countries. It's very rare for people in Germany, France, U.S to protest about economic downturn and destroy public properties or do it in a way that will hurt the economy.

Okoroawusa:

Everyone has to. That is the difference between people in developed and underdeveloped countries. It's very rare for people in Germany, France, U.S to protest about economic downturn and destroy public properties or do it in a way that will hurt the economy.

Ha, but they have done so in the recent past.

Also, for now, the welfare net is holding well in those countries. But for how long. High oil prices, if they last longer than usual could lead to some issues eventually.

IMF do not care . They are working for the G7 nations. Creating loopholes for their members to feast on

Quintopia:


You're wrong. Ghana actually has more resources than Nigeria for her population size. She is a major gold and cocoa exporter, and also exports oil and gas. She only has 25 million people, so the people there should have a very high standard of living. Where has all the money gone? And now she's on her knees to the IMF. I can't remember when last Nigeria approached the IMF for assistance. I think it was back in the days of military rule, with Babangida, around 30 years ago!!

And we all know the one-size-fits-all IMF solution - structural adjustment programmes which will force Ghana to devalue her currency, and open her economy to even more imports ('trade liberalization' as the IMF calls it) making her economy even more import-dependent and worsening industrial growth and unemployment.

SmartPolician:



You know nothing about the South East.

Stop disgracing yourself in a popular forum because you want to defend your oppressor.

Why would I know about a region that is so tribalistic that less than 3% of the population are non-Igbos.
Obi your god of economics was so good that non-indigenous investment from the state is 0%. Talking of producing economy, the only thing Anambra produces is beer. And that beer is sold in the East alone.
Yes but you know about Lagos and Ogun state as there are nothing less than 3 million Igbos there.

Subsidywise20:


Peter Obi won't change anything....

Unless he is willing to remove fuel and electricity subsides so as to open them to investment and growth, and free up money for other things and really fight corruption...

But most of you his supporters don't want the power and petroleum sectors setting their prices.

I have come to the ultimate realization that subsidy has to be totally removed at least on the petroleum sectors and power sectors. Then food production should be improved then it is removed from food.

JokwaNwannem:
Those saying the living standard of nigeria is better than Ghana are actually lying to themselves, Nigeria with her huge deposit of oil and natural resources cannot boast of 24hrs electricity or energy atleast Ghanaians are protesting which shows their level of civility and understanding of their nation's economy and not Nigeria which is filled with bunch of population with low IQ and poor understanding of economy and used to suffering and smiling.

Nna, flee Biafla and go to Ghana

Yankee101:
You can't tax your way into economic recovery

Be more innovative

Tinubu thinks differently, he wants to widen the tax net.

What has been saving Nigeria from experiencing a total collapse of the Nigerian economy are:


1.) Millions of Nigerians living abroad labouring morning, afternoon and night to make money in foreign currencies which they send back to their relatives in Nigeria to help them build, invest and even save.


Nigerians in diaspora have been one of Nigeria's saving grace. And who are the majority of Nigerians in diaspora? Number 1 are Igbos, followed by Yorubas then Bini people and then others.


2.) Yahoo Boys

In as much as we all hate them for painting Nigeria black before the international community, these guys have saved Nigerian economy from dying.


3.) Talented Nigerians Working Legitimately Online On Foreign Platforms as Freelancers!


Freelancers are helping to savage Nigerian economy from collapse. These guys bring back good FOREX. They also create jobs for the massive number of unemployed Nigerian youths

Jack005:
Nigeria is doing bad my friend. Why compare Nigeria to Ghana in the first place? Ghana does not have what Nigeria has at all

True. Ghana doesn't have what Nigeria has but they have enough prospect to be great. Even with their self acclaimed 24/7 power they're still like this.. They can't manage their small population.
The are the second produce in gold, they are oil producing nation but see the mess they're in.

Even with their redenomination of currency, their Cedis is getting useless by the day.

For Nigeria to be standing till now with our diverse tribe and religion is something. Ghana would never have been able to do that.

Karlovych:
Even Ghanaians want to become OBIdient!

They are willing to be part of history and good plans of the visionary leader Peter Obi.

I'm very sure the Average Ghanian would know who to support if they live in Lagos and Anambra for 6 months each.

JokwaNwannem:
Those saying the living standard of nigeria is better than Ghana are actually lying to themselves, Nigeria with her huge deposit of oil and natural resources cannot boast of 24hrs electricity or energy atleast Ghanaians are protesting which shows their level of civility and understanding of their nation's economy and not Nigeria which is filled with bunch of population with low IQ and poor understanding of economy and used to suffering and smiling.

Then go there and follow them chop IMF awoof.
Stupeed idiôt

NaMe4:


You further strengthened his point.

How would they survive in the typical Nigerian environment with lack of basic infrastructure to start with?

The hardworking ones would survive just like how the Igbos and Yorubas and all other hardworking Nigerians who are making in big in this country survives.

And also, I thought a certain Candidate said infrastructures doesn't drive an economy. So the Ghanians won't need infrastructures to survive in Nigeria.

franchasofficia:
What has been saving Nigeria from experience a total collapse of the Nigerian economy are:


1.) Millions of Nigerians living abroad labouring morning, afternoon and night to make money in foreign currencies which they send back to their relatives in Nigeria to help them build, invest and even save.


Nigerians in diaspora have been one of Nigeria's saving grace. And who are the majority of Nigerians in diaspora? Number 1 are Igbos, followed by Yorubas then Bini people and then others.

A lot of Ghanaians have that benefit too....Ghana has a large diaspora.

2.) Yahoo Boys

In as much as we all hate them for painting Nigeria black before the international community, these guys have saved Nigerian economy from dying.

Ghana has its own version called Sakawa boys (I recall watching a documentary on youtube about their activites.)

3.) Talent Nigerians Working Legitimately Online On Foreign Platforms.


Freelancers are helping to savage Nigerian economy from collapse. These guys bring back good FOREX. They also create jobs for the massive number of unemployed Nigerian youths

Same for Ghanaians. (Google Ghanaian internet freelancers) The Internet is providing jobs worldwide.


Ghana and Nigeria are in the same pot of soup. The difference is Nigeria is earning a bit more from oil, and spending trillions of that oil money on petrol subsides...which helps to keep small scale industries stable for now. Remove that,(which i support for many reasons), and short term we would be like the Ghanaians.

Nukilia:


you are not far from the truth. Anambra should've been a model for Nigeria but ...

Nigeria is even too big. It should have been the model for just the SE.

kumulus:



Tinubu thinks differently, he wants to widen the tax net.

He owes taxes for the money he's taking illegally from lagos revenues

kingthreat:


I have come to the ultimate realization that subsidy has to be totally removed at least on the petroleum sectors and power sectors. Then food production should be improved then it is removed from food.

This is why I won't support any candidate that doesn't say he will remove subsidies.. Cos every other solution they are giving is just trash..

But the average Nigerians love to hear lies of building infrastructures, investing in textile industries, building power plants etc.
The politician that will say he will end subsidy will be the most unpopular politician.

Perfectbeing:
This is why I won't support any candidate that doesn't say he will remove subsidies.. Cos every other solution they are giving is just trash..

But the average Nigerians love to hear lies of building infrastructures, investing in textile industries, building power plants etc.
The politician that will say he will end subsidy will be the most unpopular politician.

You are very right. Unfortunately, that is even a bad sell for elections. People will not want to vote unpopular views.

kingthreat:


You are very right. Unfortunately, that is even a bad sell for elections. People will not want to vote unpopular views.

This time around I won't support the lesser evil but the greater evil.

Since 1999, we have been supporting the lesser evil and yet the country keeps doing down.
Let's do something different this time and support the greater evil.

Subsidywise20:


A lot of Ghanaians have that benefit too....Ghana has a large diaspora.




Ghana has its own version called Sakawa boys (I recall watching a documentary on youtube about their activites.)




Same for Ghanaians. (Google Ghanaian internet freelancers) The Internet is providing jobs worldwide.


Ghana and Nigeria are in the same pot of soup. The difference is Nigeria is earning a bit more from oil, and spending trillions of that oil money on petrol subsides...which helps to keep small scale industries stable for now. Remove that,(which i support for many reasons), and short term we would be like the Ghanaians.

How can you be comparing Nigeria with Ghana when it comes to diaspora population or freelancer population or even Yahoo?


It was Nigerians that exported Yahoo to Ghana, sadly.



Nigeria, India, Philippines have the highest population of her citizens living abroad than any other country in the world.


Nigerians, especially Igbos are the highest travelers in West Africa, followed by Yorubas and Binis.



Crude oil that is looted by individuals such that Nigerian state earn far lesser than what is stolen at the end. Forget crude oil, its mostly benefitting the ruling class, the corrupt military officers, some daring Nigerians and their foreign cohorts. Average Nigerians aren't benefiting anything from the crude oil in Nigeria, but Nigerian diaspora remittances, Yahoo proceeds and freelance income go directly to Nigerian peoples pockets thereby cushioning the economic hardship this evil government has brought upon Nigeria

franchasofficia:
How can you be comparing Nigeria with Ghana when it comes to diaspora population or freelancer population or even Yahoo?


It was Nigerians that exported Yahoo to Ghana, sadly

Just pointing out to you that Nigeria and Ghana have a whole lot in common. Population is irrelevant in the discussion.

Also, advance fee fraud is a common thing in many countries...not just Nigeria and Ghana.(Eastern Europe and the US are the worst places)

galantjoe:


The biggest bane of underdevelopment is poor leadership. The system of leadership in some African countries ties economic, finance, social, religious, foreign affairs, etc with their presidency. There is no status quo, the untouchable area a presidency cannot go. Unlike developed countries of the world, e.g. USA, UK, Canada, China, German, etc. Govt in power has little or no power in some certain area of statehood. Technocrats runs those most technical sectors of the economy like health, finance and bank, trade and commerce, IT, manufacturing, etc Many areas are fundamental and to change it needs legislation, which is always rigorous. But here in Africa, every president of a country will impose his immature and inexperienced economic, social, finance and religious policies within his or her whims and caprice. Mostly personal interests usually override national interest in most of developing countries decisions. Worst of it all, they will appoint somebody that did pass Economics / commerce / financial accounts in his or her WAEC to head ministries of finance, economic planning, etc. He can't give what he doesn't have.

Africa has not gotten a better system of govt that would suit the peculiarities of the continent in achieving its developmental objectives. Govt should be continuity but in Ghana and Nigeria, it is not so. The Ghananian president has omnipotent power to do and undo whereupon he has very limited technical know-how in political economics

Man I enjoy reading reasonable comments like this. 9ja pple don't reason that government is inclusive. They think the president should fix all which is not supposed to be so.
This same mentality our leaders have is still the reason why I believe that irrespective of who wins next year elections major Nigeria problems will still persist.

galantjoe:


The biggest bane of underdevelopment is poor leadership. The system of leadership in some African countries ties economic, finance, social, religious, foreign affairs, etc with their presidency. There is no status quo, the untouchable area a presidency cannot go. Unlike developed countries of the world, e.g. USA, UK, Canada, China, German, etc. Govt in power has little or no power in some certain area of statehood. Technocrats runs those most technical sectors of the economy like health, finance and bank, trade and commerce, IT, manufacturing, etc Many areas are fundamental and to change it needs legislation, which is always rigorous. But here in Africa, every president of a country will impose his immature and inexperienced economic, social, finance and religious policies within his or her whims and caprice. Mostly personal interests usually override national interest in most of developing countries decisions. Worst of it all, they will appoint somebody that did pass Economics / commerce / financial accounts in his or her WAEC to head ministries of finance, economic planning, etc. He can't give what he doesn't have.

Africa has not gotten a better system of govt that would suit the peculiarities of the continent in achieving its developmental objectives. Govt should be continuity but in Ghana and Nigeria, it is not so. The Ghananian president has omnipotent power to do and undo whereupon he has very limited technical know-how in political economics

This type of sound comment can mostly come from an Igbo or Yoruba person. Other Nigerians are just sitting on the fence.



The hope of a better Nigeria lies in the hands of Igbos and Yorubas but since Yorubas have sworn never to reciprocate Igbo people's love and support even for once, which has led to unending political tussle, Nigeria will continue to struggle to rise.



We all know the right things to do but due to tribal hatred and religious sentiments, we will never accept the truth

Subsidywise20:


Nigeria's underdevelopment has nothing to do with the IMF and everything to do with our refusal to use our raw materials to produce useful exportable manufactured goods for export.

Basically, we have two issues.

1.We sell our raw materials at prices we don't set (Oil for example...the price is set in London, Paris and New York and probably by OPEC. Not by Nigeria. Most of the time , the price we sell it at is below sustenance...leading to us having to borrow...debt.

2.Despite the fact that we don't have enough money (as a result of 1) we spend a lot on subsidising many things (right now, we subsidise power, and petrol, before we used to subsidise diesel, kerosene, and a host of foods like bread FFS!)..WHICH puts strain on the money, and pushes us into more debt. IMF cometh.

You want to be free from the IMF....then stop subsidsing power and petrol...so that you can produce energy at a profit...which in turn fires your industry to produce manufactured goods and services for exports...which earns enough money to even do more than we can do....inlcuding subsides. Also reform the tax . Nigeria does not collect enough tax as it is...even compared to Ghana. And really fight corruption...not when it is politically expideint.

At the end, we have to work hard and make more sacrifices...not use two billion naira to fund welfare projects that really cost ten times more than that ideally.

Baba how many Nigeria will agree with this assessment. Do you know serious backlash it'll bring from to any government that want to remove subsidy? See watin happen to Jonathan? Even recently when dey try remove subsidy.