rvp2018:
He is right on money.
This has nothing to do with import restriction on say rice. Trade policies.
It's about Naira-Dollar - Moniteray policy.
Nigeria should restrict import of rice/etc without using dollars.
It should do that by simply raising the import duties for foreign rice.

The Zoo moniterary policy is crazy. Last happened in Kenya in 1990s. What Obi is seeking to do - Kenya did in early 1990s.

rvp2018:
Kenya ordinary taxes are approaching 20b..total revenue are more than 20b.Your zoo has a long way to go

GeneralDae:

I agree with you on this. Government was trying to do this recently especially with the telecommunications which has in total 206 million users ( because some people are active in at least two lines). We have by far the largest number of active internet subscribers in Africa at 109 million people. Second largest is Egypt with 78 million people. These are the areas we should focus on but Nigerians would protest and hold the Government by the jugular and this is election period.

samorobo:


But now KQ is not making profit and that’s all that matters.

We figured Nigeria air would go the BBC shameful route like KW abd we decided to dissolve it to avoid the Shane but instead went the American way that doesn’t have a national carrier but has numerous profit making private carrier they holds the stitches of their aviation sector . KQ is a mess, bring something else up- we trashed this already.

Fourpockets:

You could make your points without insults... Moving on

A country like Nigeria needs import restrictions else our currency would free fall a thousand fold. Like why were we importing toothpick? Makes no sense when we have plenty of wood. Even in China, it was restrictions like these that helped their economy in the long run

obaaderemi:
Your revenue is less than $20bn. Nigeria's own is approaching$40bn.

. Stop lying. Your slum is going nowhere.

Wuoche:


Why do you guys like giving Ruto credits which are not his? The guy is barely a month since he became the president and with that frame time, he can't negotiate any deal that it's results can be seen within 24 days. Just to be honest with you, right now Ruto is still enjoying the fruits of UHURU.

gallivant:


True but Uhuru also claimed all the projects of Kibaki and coalition government as Jubilee projects.

rvp2018:
Why are you importing oil when you have it. That is possibly single hemorrhage of forex.

Fourpockets:

Exactly, although we import refined products not oil directly.
Immediately we have refineries that can meet demand, we'll ban importation of refined products soonest. That's why I have hope of what dangote refinery would do

Shma2022:

What I'm talking about rotates within ruto's ideals.

I know you won't understand why I'm hyping him. Here is the case: Ruto is OUR president. Yes, he's already our father; Not the father of kalenjins but the whole of Kenya.
If we keep displaying his flaws to strangers, that will be an own goal. I'm here to defend even Kenyan - extremists || thieves murderous and whatnot... || As long as they carry the image of Kenya. That does not mean I won't criticize him in our local spheres.

Thanks.

Wuoche:


I accepted Ruto's Presidency long time ago. But please, don't try to give him credit on someone's else effort. When Uhuru and Safaricom was negotiating Ethiopia's entry, Ruto was more of an opposition than the government. The guy opposed everything Uhuru tried to do just to make himself relevant. There was a point his allies (Mudavadi) said that Uhuru should stop building roads cause people can't eat roads. I'm sure the day that road will be launched you will be here again praising Ruto.

My humble request to you is this. Just wait for Ruto to launch his own projects and start praising him, infact I'll join you all in praising him.

Balogunodua:


Nigerians are way more productively than your shithole citizens get thaf into your skull.

Reason for low tax collection in Nigeria is because the government have refused to tax businesses, especially the informal sector. But the federal government is already planning to expand our tax net, and there was improvement since 2021.

Wuoche:


I accepted Ruto's Presidency long time ago. But please, don't try to give him credit on someone's else effort. When Uhuru and Safaricom was negotiating Ethiopia's entry, Ruto was more of an opposition than the government. The guy opposed everything Uhuru tried to do just to make himself relevant. There was a point his allies (Mudavadi) said that Uhuru should stop building roads cause people can't eat roads. I'm sure the day that road will be launched you will be here again praising Ruto.

My humble request to you is this. Just wait for Ruto to launch his own projects and start praising him, infact I'll join you all in praising him.

Wuoche:


I accepted Ruto's Presidency long time ago. But please, don't try to give him credit on someone's else effort. When Uhuru and Safaricom was negotiating Ethiopia's entry, Ruto was more of an opposition than the government. The guy opposed everything Uhuru tried to do just to make himself relevant. There was a point his allies (Mudavadi) said that Uhuru should stop building roads cause people can't eat roads. I'm sure the day that road will be launched you will be here again praising Ruto.

My humble request to you is this. Just wait for Ruto to launch his own projects and start praising him, in fact I'll join you all in praising him.

obaaderemi:
This is already taking place in Nigeria. Transaction via mobile payment are taxed.

Shma2022:

I get you, don't worry.

What I posted is not entirely his thing. But the license negotiation will see Safaricom's revenue exponential growth! Which is part and parcel of his achievement.

So relax.

Shaytun:


You’re not building any behemoth of a bank with a DRC base.

The county is shit, it has a non existent economy.

Banking is not DRC main problem right now, it’s food.

Folks are hungry, nobody is going to save any money when they have not eaten two square meals a day.

The number of registered company doing business in DRC with significant funds is not up to 500.

The banking policy in that country is shit, you’re not going to make any profit or turn over that will suddenly make you overtake nigeria or SA in DRC, not even in the next 20 years.

Fourpockets:
Unrelated, but what do you guys think about what Peter Obi said:



I personally don't like that Idea also it contradicts what he said about consumption to production, if he does this, he could set back the gains Buhari made in agriculture by years. Its not good at all.

68816419:

Believe them at your own risk; none of their banks have generated significant profits since their expansion; the only thing keeping them is the same pride as KQ.

Balogunodua:



Reason for low tax collection in Nigeria is because the government have refused to tax businesses, especially the informal sector. But the federal government is already planning to expand our tax net, and there was improvement since 2021.

rvp2018:
And yet we are able to finance an almost 35B dollars budget. You're a cartoon.

obaaderemi:
You are a monkey. You finance your budget with borrowing. We've pointed this out severally.

obaaderemi:
You are a monkey. You finance your budget with borrowing. We've pointed this out severally.

GeneralDae2:

There was the proposed deal to put a 5% tax on telecom operations. This was resisted mainly by the minister of communications Isa Pantami. Have the 5% tax been implemented?

Shma2022:

As long as it finances integral issues; I don't see any wrong in borrowing.
USA is many years ahead of any African country, but it owes china trillions of dollars_ $1000 billion+.

rvp2018:
Obaboon, we refinanced our debt - we borrow a 10 billion - we repay 10billion. The more than 20 billion revenues (ordinary+AIA) is what we use for development+recurrent expenditure.

obaaderemi:
You are hurting hence the insults. How much of your budget is aid? Not to talk of borrowing.

GeneralDae2:

USA can easily print dollars. International debts are usually paid in dollars.

Shma2022:

I know the federal reserve can print dollars and pay off debts. One thing you should take note of is that any amount printed outside the outcome of value creation is worthless. Ask yourself why USA is yet to repay $1000billions to China. Fear of DOLLAR SLUMP! Consequences? High inflation, economic meltdown, currency depreciation, and whatnot. This attempt will sink the nation further into an economic crisis.

The value of money is how much people are willing to give for it. It doesn't matter whether you have actual influence over it or not.