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Nairaland Forum / Nairaland / General / Politics / 10 Government Policies, Destroy Nigeria's Economy (594 Views)
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10 Government Policies, Destroy Nigeria's Economy by SUFFERInSMILIIN(m): 9:01am On Mar 22 |
1, Gdp revaluation . Increasing the GDP of the country From about 80 billion Us dollar to 380 billion US dollar. This was one of the most destructive Economical policies cbn governor okunjo Wheeler. This was the beginning of inflation and devaluation of the naira. The same percentage which the GDP was increased by was the same percentage which the Naira devalued and the same percentage of increase in inflation. 2 bvn Bvn was one of the most destructive policies by the Nigerian government. This policy led to people not having faith in the financial system and keeping their foreign currency out of the country. Most people believed that the government was after their Monday in fact some foreign embassies while writing emails to their citizens to remove their money from the nation. This is why today A lot of the countries currency is out of the country. 3 . Land border closure for goods. Products were relatively cheap because they were coming through the land borders but by closing the land borders to goods. What this meant is the country had to borrow a huge amount of money to produce food example we needed 5 billion US dollar a year to feed the country with rice. But we end up borrowing more than 15 billion US dollar to plant rice and produce nothing in agriculture or rice farming. We could have saved four times less the money By importing the food Then producing nothing. 4. On stable cbn and government policy. When did government starts interfering with people's personal businesses and making laws for people's personal businesses. A good example Banks telecommunication companies Industries and other private established businesses. This is a catastrophic move which does not give confidence to investment. Also the cbn trying to change his policies on a daily basis led to a lot of people removing their money from the banks in the country and businesses in the country and putting them abroad. When did government and cbn is trying to control everything from people sending money back home to people repatrating money people trying to invest in the country this it catastrophic move. 5. Religion and schools. The religion crisis and schools crisis let the educational system in the country to collapse dramatically. Which a lot of religions given hope in schooling and education and building a class schools and education even in some west African countries. It is no more old news when you hear a Nigerian has built a A Class school in another African country because of the policies of the government in the country. 6. Ruger settlements. Ruga said to men's have led to the collapse Of the agricultural sector in the nation Which actually zero investment In the agricultural sector a citizens are spent in billions of US Dollar in farming in countries like Benin Republic, Togo Republic, Ghana, Cote d'Ivoire, Liberia, Kenya, Tanzania, Mozambique, Rwanda, South Africa, Namibia and Botswana which are now the for front of Agriculture. 7. Lack of investment in the oil and gas sector. Massive corruption in the oil and gas sector has left companies and Industries not even thinking of investing anymore in this sector. Also white elephant projects have destroyed the oil and gas sector when some refineries which are over 20 billion dollars in debts cannot repay their debt in 30 years. Today for every barrel of oil you bring out from the ground there is massive death on it. 8. Leadership failure. In any country in the world Nigeria has a leadership problem. When you go to even develop countries like America you find Nigerians are 138 immigrants in performance and achievements. The people do not vote for development. 9. Illiteracy. You can find win Nigerians going to the best universities in the world at the end of the day we perform nothing. In fact the only thing win Nigerians do vote for her own criminal all over the world and suffer. Illiteracy has destroyed We Nigerian people more than anything in the world. And the illiteracy is why we have poor leaders all over the world. When somebody in a developed country tells you let's vote for ourselves and suffer suffering is no problem for us . Illiteracy has done the most damage to our country and her image abroad where any criminal we hope on the bandwagen and support him. 9. Lack of investment. Lack of investment bought by the citizens And by foreign investors Have stagnated the economical growth of the nation. 10. You can add your own suggestions and ideas 1 Like |
Re: 10 Government Policies, Destroy Nigeria's Economy by helinues: 9:02am On Mar 22 |
Half baked post |
Re: 10 Government Policies, Destroy Nigeria's Economy by SUFFERInSMILIIN(m): 9:05am On Mar 22 |
helinues: If you know you can do better why don't you do your own instead of criticizing somebody for his heart and efficient work |
Re: 10 Government Policies, Destroy Nigeria's Economy by helinues: 9:06am On Mar 22 |
SUFFERInSMILIIN: So you want to plant in a day and harvest that same day? All what you wrote are exaggerated, for example the religion and education, how many states are affected? |
Re: 10 Government Policies, Destroy Nigeria's Economy by VeeVeeMyLuv(m): 9:14am On Mar 22 |
helinues:Is any state supposed to be affected in the first place? You guys keep paying lip service to security of lives and property. |
Re: 10 Government Policies, Destroy Nigeria's Economy by helinues: 9:15am On Mar 22 |
VeeVeeMyLuv: So why blaming the responsibility of states on FG? |
Re: 10 Government Policies, Destroy Nigeria's Economy by SUFFERInSMILIIN(m): 9:15am On Mar 22 |
helinues: Last year Nigerian spent up to 15 billion US dollar on education outside the Country 1 Like |
Re: 10 Government Policies, Destroy Nigeria's Economy by helinues: 9:16am On Mar 22 |
SUFFERInSMILIIN: Okay. How many states universities do we have in Nigeria compared to Federal universities? Who should be responsible here, state of federal? |
Re: 10 Government Policies, Destroy Nigeria's Economy by VeeVeeMyLuv(m): 9:24am On Mar 22 |
helinues:Because of the way the security system is designed and structured at the moment FG is responsible for security of the entire country including ward level, LGA level, state and federal. Remember that The security apparatus is centralised with a central command and alot of bearucracy. The states can't do anything unless they get authorization from central command. Fct minister recently complained about this bearucracy. This has informed the cry for state policing. It is the duty and responsibility of PBAT. he should stop shying away from his responsibility. The buck stops at his table |
Re: 10 Government Policies, Destroy Nigeria's Economy by helinues: 9:26am On Mar 22 |
VeeVeeMyLuv: Orji Kalu once said, any state being trouble by insecurity, the governor of the state want it that way. You know that's a fact right |
Re: 10 Government Policies, Destroy Nigeria's Economy by Foreverly02: 9:27am On Mar 22 |
helinues:Lol |
Re: 10 Government Policies, Destroy Nigeria's Economy by SUFFERInSMILIIN(m): 9:34am On Mar 22 |
helinues: Bought at the moment the people are suffering |
Re: 10 Government Policies, Destroy Nigeria's Economy by helinues: 9:36am On Mar 22 |
SUFFERInSMILIIN: Pardon! |
Re: 10 Government Policies, Destroy Nigeria's Economy by Stanleymaster1: 9:39am On Mar 22 |
All citizen living in Nigeria is a problem to the country, give them small opportunity, u will see their true colour. |
Re: 10 Government Policies, Destroy Nigeria's Economy by NorthernAgender: 9:39am On Mar 22 |
In what way please go ahead prove to this honorable forum that is op are saying rubbish totally. helinues: |
Re: 10 Government Policies, Destroy Nigeria's Economy by helinues: 9:40am On Mar 22 |
NorthernAgender: Go through the thread, this time slowly |
Re: 10 Government Policies, Destroy Nigeria's Economy by NorthernAgender: 9:47am On Mar 22 |
Meanwhile the op make sense to some points but yet that is not where the problem started from.since we got independence we have never have good leaders. The last time Nigerians experienced good leadership was when Nigeria practised parliamentary system of government. I always shaking my head for those who always praising yar'adua leadership I have realized many things about the people of Nigeria the short memory among us is a big threat. You see those who are still waiting for messiah are the one I pity most if this country not totally restructure and the stakeholders come to roundtable to discuss and apply what will work for us as a nation I'm sorry to say this is how Nigerians will continue to suffering. 1 Like |
Re: 10 Government Policies, Destroy Nigeria's Economy by NorthernAgender: 9:48am On Mar 22 |
You are a olodo nothing else. The guy make some points even though if I disagreewith number1and2 points. helinues: |
Re: 10 Government Policies, Destroy Nigeria's Economy by helinues: 9:50am On Mar 22 |
NorthernAgender: Oops. You just insulted yourself for no reason. Fixed for you 1 Like |
Re: 10 Government Policies, Destroy Nigeria's Economy by Korectmann: 9:53am On Mar 22 |
helinues:Can you teach English to primary school children? |
Re: 10 Government Policies, Destroy Nigeria's Economy by pharmagba: 9:54am On Mar 22 |
Ops is just an Obident. No depth. |
Re: 10 Government Policies, Destroy Nigeria's Economy by helinues: 9:57am On Mar 22 |
Korectmann: What exactly is your problem you this boy, did anyone put gun on your head when you made the below comment less than an hour ago. Stop wasting your life away on NL trolling others for years. Have some shame nigga
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Re: 10 Government Policies, Destroy Nigeria's Economy by Korectmann: 10:35am On Mar 22 |
helinues:Alright but stop sending me emails about job request. Pls I'm very busy right now. Will see what I can do for you when I'm free ok. |
Re: 10 Government Policies, Destroy Nigeria's Economy by helinues: 10:36am On Mar 22 |
Korectmann: If I ever sent you emails make thunder fire me but if you dey lie, na thunder go fire you |
Re: 10 Government Policies, Destroy Nigeria's Economy by Korectmann: 10:37am On Mar 22 |
helinues:I have the screenshot but I'm not that childish to post it here. |
Re: 10 Government Policies, Destroy Nigeria's Economy by helinues: 10:38am On Mar 22 |
Korectmann: Wait for the thunder to pay you the visit as it's obvious you are a notorious liar. Shame |
Re: 10 Government Policies, Destroy Nigeria's Economy by Korectmann: 10:40am On Mar 22 |
helinues:Imagine someone that I want to help insulting me? I won't help you in this life again and don't disturb me again. |
Re: 10 Government Policies, Destroy Nigeria's Economy by Salewa97: 10:57am On Mar 22 |
10. The lack of transparency and accountability in government spending has contributed to the destruction of Nigerias economy, with funds being embezzled and mismanaged instead of being used for development and growth. |
Re: 10 Government Policies, Destroy Nigeria's Economy by VeeVeeMyLuv(m): 10:58am On Mar 22 |
NorthernAgender:Their IQ is as small as a mustard seed |
Re: 10 Government Policies, Destroy Nigeria's Economy by jude79(m): 11:22am On Mar 22 |
helinues: English master, your using the phrase generated from me, na wao ![]() |
Re: 10 Government Policies, Destroy Nigeria's Economy by SUFFERInSMILIIN(m): 5:32pm On Mar 22 |
NorthernAgender: Just ignore helinues: he has a PhD in illiteracy from the best university in the world |
Re: 10 Government Policies, Destroy Nigeria's Economy by SUFFERInSMILIIN(m): 5:35pm On Mar 22 |
Salewa97: Here is a good number 10 can somebody please give us number 11 suggestion. My brother which delivered number 10 suggestion I agree with you 100% |
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