Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,201,060 members, 7,977,019 topics. Date: Wednesday, 16 October 2024 at 05:47 PM |
Nairaland Forum / Nairaland / General / Politics / Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala (19857 Views)
Airforce Commences Night Training In Lagos (Don't Panic) / Fuel Not Scarce, Don't Panic Buying - NNPC Tells Nigerians (October 14th) / Amaechi To Wike "We Are Ready For Handover, Don't Panic'' (2) (3) (4)
(1) (2) (3) (4) (5) (Reply) (Go Down)
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by synergycom19: 9:08am On Nov 28, 2014 |
Off course they are on top of the situation,we now that even before now,even the insurgency you guys have always been on top the situations. |
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by madjune(m): 9:08am On Nov 28, 2014 |
Seriously the majority of Nigerians won't panic so long as there's no hike in fuel price nor scarcity, no hike in price of agege bread nor in ijebu garri. Chikena. Aso Rock can entertain itself with its panic and madness. Abeg o. 1 Like 1 Share |
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by idupaul: 9:09am On Nov 28, 2014 |
If I am not to be mistaken this pig of a woman, this pig looking creature has been Minister of Finance under 2 president in the last 12 years , Madam Piggy its your useless strategies that got us here in the first place and now you want us to trust ur same swine strategies to get us out , Madam you don have the fear of God at all . 2 Likes |
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by Nobody: 9:09am On Nov 28, 2014 |
This woman ... Her lies are very nauseating, she says we should not panic but the cbn has already devalued the naira thereby exacerbating the already miserable and unpalatable plight of the masses. 1 Like |
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by ayoola2002(m): 9:09am On Nov 28, 2014 |
If anybody still believe in her words, you r OWN YOUR OWN. 2 Likes |
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by Nobody: 9:10am On Nov 28, 2014 |
Clone2020:Youth you say? I laugh in Amala. The youths who don't know the repercurssion of their action in present day Nigeria? The youth who would rather worsen their own life than better it? This country is doomed! It will keep getting worse. 1 Like |
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by bambuzz88: 9:13am On Nov 28, 2014 |
bugs1: is there something this so called leaders are eating that is retarding their brain cells or do they think they can fool everybody 1 Like |
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by grellworld: 9:18am On Nov 28, 2014 |
things r going to improve in 2015 when dangote completes his refinery and igeria stops importing fuel. but we need to stop depending on oil money. |
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by hayoakins(m): 9:18am On Nov 28, 2014 |
The strategy that caused the devaluation of our legal tender huh ? |
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by Boomboost(m): 9:18am On Nov 28, 2014 |
Do Nigerians trust Nigerians? Atleast Jonathan govt hasn't had much oil price fluctuations... |
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by bambuzz88: 9:21am On Nov 28, 2014 |
Clone2020: waow.......i cant believe we still have people like you in our country.........well said 1 Like |
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by solara: 9:23am On Nov 28, 2014 |
Ebubeslym: LOL... THIS HAS MADE MY DAY... ... NICE ONE 1 Like |
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by EstherNdidi11: 9:29am On Nov 28, 2014 |
The fall in oil price in d international mkt is an early warning system. Nigeria needs to file-tune its diversification of d economy. Oil contributes more dan 80% of Nigeria revenue & if anything happens to oil price downward, there's a very big problem cos oil is d major source of revenue of Nigeria. Therefore, anybody who says no cause for alarm is not being sincere at all. Diversification! Diversification!! Diversification is d answer!!! 1 Like |
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by olajide8(m): 9:30am On Nov 28, 2014 |
How many years ago - did I talk about NOI* I sounded biased then abi? Do I still sound biased? Okay when I told you people, if IMF and world bank say we are doing something right we are actually do everything wrong? - it was not listen too then* - and I doubt it would be listen to now- go back to my earlier posts immediately they removed the supposed subsidy, years ago- legalising out right stealing and corruption, they would have said then, she's was the M.D of world bank, she left her plum job to serve nigeria, she should have stayed their "rubbish"- my brothers from the other side of the niger, that travel to import -this! and that!!, your own daughter has just hammered you, the most- with her upside down VOODOO economics- a nice script written to plunge us into slavery- to china and the west, "no wonder they don't want to help us with anything" Foreign Direct investors are the way to go, first lie, it has never been the way to go! the mess is just getting, messier!!! - they were busy mopping liquidity when they were supposed to be looking for the right level or % for inflation for the countries economy - they were busy approving money and owing local contractors, for roads constructed or being constructed, while eating N1b food - and some collecting salaries in dollars - traveling every week abroad for no reason, with an entourage of, 30 people - while buying cars instead of building specialised treatment centres, for the treatment of ebola or any other contagious issue of health -N1.9b* - screeding the walls of airports and shouting aero-tropolis new airports - rail systems:- adding stones to tracks, which were already done by obasanjo Govt, approving money for universities that were upgraded from secondary schools to technical colleges and then universities within 2years, of collecting the allocation apportioned for this upgrade, each time they said they were upgrading, federal university otuoke is an example - federal university wukari taraba state another example- under her nose for that matter!!!! - don't worry, once she is through, she would take her passport and jet out again*- 3 Likes 1 Share |
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by anonimi: 9:41am On Nov 28, 2014 |
sebali: She has done an EXCELLENT job so far with all the progress we have made in reviving our industrial base slowly in cement, automobiles etc. You should rather be concerned about the loafers that we have as SINators and representaTHIEVES as well as the 36 state governors who just want HIGHER oil price benchmark so they can share & spend more with little concern about savings and capital expenditure => Budget: Sanusi, Okonjo-Iweala insists on 75$ oil price benchmark That was for the 2013 budget. Below was for this year's budget => Nigerian president delays budget on spending dispute Far too many of us are simply MUGUS hence these fools can lead us without qualms while we shout president this, president that for any small problem we have, including absence of PROFESSIONAL teachers in our secondary schools or unpaid salaries to state workers No wonder some clueless people want an old soldier who described his fellow citizens as "senseless and useless" to come back and flog them to discipline. |
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by Reference(m): 9:43am On Nov 28, 2014 |
nairaman66: So introducing austerity measures is a sign that she's lying. What sort of thinking is this. If fire breaks out and the firemen tell you not to panic and then go ahead to cut power and begin demolition does it mean they are lying or incompetent. Is positive action now a sign of incompetence. Or you prefer no action or you want to panic by force. Oya panic na. Austerity measures is the standard operating procedure for dwindling incomes for any financial entity be it an individual, corporation or nation. Austerity simply means reducing your expenses with its attendant consequences. 3 Likes |
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by musicwriter(m): 9:44am On Nov 28, 2014 |
BlackTechnology: My brother, thank you. What you've said here holds the solution for not only Nigeria but all African countries. Only science can save Africa!. And it's what I've been clamouring for ages!. Anybody who want to know why please read the below link and you'll understand. 2 Likes |
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by NuhuRibadu: 9:46am On Nov 28, 2014 |
who is panicking? i think they are the ones panicking in this instance- or why did the suddenly devalue the naira and raise the interest rate? you are panicking and u r telling nigerians not to panic? it is just a matter of time before the panic-induced policies you are making now generate the same among nigerians, and your announcement that we should not panic will actually fuel it (coz pple will believe the exact opposite of what you say) |
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by PStacks(m): 9:47am On Nov 28, 2014 |
PDP simply means People deceiving people. Nigerians Deceiving Nigerians. When they want to tell you that there is Fire on the mountain, Run, run run run, The only way they can say it to you is that, everything is under control. Everything has always been under control in Nigeria and yet we find ourselves in dis dilapitatable state. Everything was under control in chibok, yet more than 200 girls vanished into thin air. Everything is under control in Mubi, yet the town got raised. Everything is under control in the north-east, yet boko haram captures more territory. Every thing is under control with this economy, and yet Austerity measures has been introduced, Naira further weakening. When u devalue the naira, its like saying American Dollar and Nigerian Naira are in a boxing Ring, the Dollar has boxed the naira so much so she's thrown in the towel and conceded to a brutal defeat, hereby devaluing the naira and getting a chance only to go into the ring again and get beaten pulp blue and black. People must learn to stop deceiving people.. When u hear "Everything is under control", its a deceptive Cliche. The truth of the matter is, There is fire on the mountain and people must run run run run. Everything is not under control ooo! Fuel prices would go up oo, There would be more famine and more hunger In the land oo! Boko haram would not stop ooo! Wahala go dey for 2015 ooo! Chibok girls, its over 230 days or more ooo! The rich would get richer and poor get poorer ooo! Taxes on yatch, private jets and champagne wouldn't be burnt by the rich because they are highly connected. The treasury would bear the cost of these taxes ooo! Fellow Nigerians, everything isn't under control ooo! A word is enough ooo. 4 Likes |
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by akoaki(m): 9:53am On Nov 28, 2014 |
Although the details of the strategies have not been made public by the minister, I strongly feel such should include cutting of salaries and emoluments of all political office holders- president and his vice, national and state assembly members, ministers and all the principal officers in our political structures. It will be unfair for the federal government to make regular nigerians bear the full brunt of the recklessness of the ruling class. The nigerian populace has sacrificed too much while the ruling class has taken too much from the country . 3 Likes 2 Shares |
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by nairaman66(m): 9:54am On Nov 28, 2014 |
Reference: It is a sign that she is playing double standards! For the records in the space of a month they have introduced; Devaluation of the Naira. Introduction of austerity measures. Taxes on luxury goods which is yet to take effect. Inconsistency of the Naira against the Dollar. All These aforementioned points has already lead to a panic situation, yet she said we shouldn't.. 1 Like |
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by tiwiex(m): 10:03am On Nov 28, 2014 |
Billyonaire: Government know how to scream when price falls. $74 or $77, we were selling at $100 for amlost 10 months. What happened to the excesses. Did we feel the impact in job creation and all? No. Even with the excesses, the foreign reserve was dropping fast. So government was overspending and stealing. Burning the excess immediately and also chopping the reserve. The reserve never incresed for a day with the excesses. Now prices are low, yet we still pay the same for pump price of petrol. How come prices of petrol are not dropping? So government is even profiteering from the mess. Madam Okonjo, please stop teaching us nonsense. You guys have gotten used to selling nonsense to GEJ. Thanks to his gullibility and now you assume all Nigerians are completely dumb. For you to tell us things like this, i wonder the fubulicious stories you tell oga at the top. 6 Likes |
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by simplychic(f): 10:03am On Nov 28, 2014 |
Mad woman, i can never respect or trust whatever she says, hypocrite. 1 Like 1 Share |
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by Boss13: 10:09am On Nov 28, 2014 |
Reference: I beg your pardon. What austerity measures is she putting in place - Taxes on luxury goods and expensive wines. Which means the Moet & Chanddon I drink socially will shoot up in order to cater for the bogus, extra load and overweight politicians. A man who has worked so hard and intends to get himself a Benz or a BMW will have to pay through his noses because The House of Representatives needs to collect their regular salaries. Her austerity measures should be cutting down on the salaries of politicians and the number of aides, ministers and special advisers should be trimmed down remarkably. Likewise, the benchmark for oil price during budgeting should be within $50. 3 Likes |
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by pricelessmr: 10:10am On Nov 28, 2014 |
Clone2020: On track, No alternative. 1 Like |
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by grandstar(m): 10:12am On Nov 28, 2014 |
The best strategy is a floating naira i.e. one that reacts to forces of demand and supply. when forex is plentiful, d naira strengthens & when forex is low,it weakens. 2nd strategy is to cut waste such as the oil subsidy and the bloated civil service |
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by eejo(m): 10:13am On Nov 28, 2014 |
if not for stupid pdp and apc govenors the swf by now will be enough instead they went to court and shared the savings now crashing income no savings 3 Likes 1 Share |
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by Btruth: 10:15am On Nov 28, 2014 |
Mad woman of mad administration. Aunt ode! 1 Like |
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by NuhuRibadu: 10:19am On Nov 28, 2014 |
idupaul: NOI is a great woman, and one of the few nigerians that we should be celebrating. the problem is GEJ whose lack of leadership qualities leads to nigeria not getting the best from this woman. Contrast to obj's regime, obasanjo knew exactly what he wanted the woman to do among all the other things that are involved in the development of the country, and obasanjo placed NOI among a "team" of technocrats, politicians, businessmen, bankers lawmakers and law enforcement agencies that deliberate about economic policies to be made. Her achievements then were noticeable to all. However, making her the "prime" minister by the clueless one, and her one-man fight for the development of the country is what led us to where we are today. Nigeria, under gej, is just on cruise control. gej's imagination can not grasp the lenght/breadth/depth of nigeria's problem (economic, political etc), he has no personal vision of where nigeria should be heading (except the ones NOI tells him) , and he does not know how to get us there 5 Likes |
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by Boss13: 10:33am On Nov 28, 2014 |
tiwiex: That is exactly what we have been saying. Oil prices are dropping, however pump prices for fuel remains static. They tell us Subsidy is the reason. The same subsidy they share to their friends and proxies. |
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by Nobody: 10:38am On Nov 28, 2014 |
Now that Crude Oil price is falling Why is petrol price not falling? When the price of the raw material for the refine product was up, the FG claim they are subsidizing it Are they still subsidizing petrol pump price, Now that the cost of the raw material is down or are they now "sursidizing" it or should I say making profit from it?. Can someone kindly explain this voodoo economic to moi. Pleeeeeeeeeeeeeeeeeeeease! 1 Like |
APGA, PDP Supporters Clash In Abia Over Results, APGA Rejects Results. / How Is The Current Price Hike On All Items Affecting You / Petrol Price Hits N160/litre At Depots
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 75 |