How nice and touche for Tinubu to proffer solution to the problem he single-handedly caused with his thievery, familiocracy and kleptomania..

Nigeria is really going places...

APC...miss road

Yes!!!!!!! Maybe until he owns nigeria it self

braine:
I believe you, sir. As you did it for Lagos, you can also do it for Nigeria.

god forbid



[img]http://2.bp..com/-0GOa-Kf96gU/UYDFMWNdJ7I/AAAAAAAAADQ/6vRk0uPqE30/s1600/ajegunle_naijadesk.jpg[/img]

This is one of the many ways in which Tinubu is different from so many other politicians.

Tinubu is qualified to be a seasoned economist with how he profers solutions to our cash crunch situation.

As with the Euro zone the past five years since the global financial crisis, austerity has not solved the dire economic weakness of the nations that employed this sickening remedy. All austerity has done is tighten the grip of the wealthy on the economy while weakening the position of the middle class and the poor.

This submission cannot be faulted by even the celebrated economists of this world.

The better methodology is to ascertain, then achieve, the level of naira expenditure needed to expand the economy and create jobs without causing inflation to rise to dangerous levels. This is how broadly-shared prosperity is generated in a sustainable manner.

When I got to this point, my fear was the high inflation such approach may result in thereby making the Naira worthless not until I read this:

Inflation is the major risk of running budget deficits to spur growth. We can contain inflation to acceptable levels by ensuring additional government expenditures are for items that can be supplied domestically, particularly labour. Naira paid to poor and working class people mostly circulates in the domestic economy, spurring additional local commerce and production.

Tinubu surely knows his onions.

I just love the comments above mine,

Keep it coming guys,

I like a good intellectual discuss,

I don't expect the Tanoids on this thread, its too much of an intellectual exercise for them

Ikengawo:


god forbid

whats with the pictures?? Those people like they way they are. they dont want change.

braine:


whats with the pictures?? Those people like they way they are. they dont want change.

you say this from the comfort of your laptop, my brother don't be wicked
[img]http://api.ning.com/files/16wPOLqtG9nJL3xSeBoUeE11hq9bW8n6dKUrT24aaR1q8ua*wVpn7xzw9yxXaYLBYbylb6ONF1aG9VrMqgSAsD4mYsNaMF1Y/GovFasholainspectfloodedareainAjegunleIkorodu16.jpg[/img]

Richard Nixon , not Lincoln

Ttalk:


[b]In 1971 during economic recession in the United State of America, Lincoln [/b]the president jettisoned the dollar backed by gold policy, institutes social programmes that is aimed at the poor and create a tax leverage for domestic companies while bridging the gap between the rich and the poor through introduction on taxes on the rich.

Since then the dollar has taken the place of gold while emerging economies became slaves to the dollar. What is then is the fear nairanisation of our economy? It is simply the fear of unknown.

Suffice then to say that this approach is welcome only if the government will depart from the present way of spending in order to reduce inflation that will arise as a result of increase naira, but if the money is targeted toward the poor and middle class, this will increase economic activities and rejuvenate our economy from depression.
To me inflation can be better managed than depression

Ttalk:


In 1971 during economic recession in the United State of America, Lincoln the president jettisoned the dollar backed by gold policy, institutes social programmes that is aimed at the poor and create a tax leverage for domestic companies while bridging the gap between the rich and the poor through introduction on taxes on the rich.

Since then the dollar has taken the place of gold while emerging economies became slaves to the dollar. What is then is the fear nairanisation of our economy? It is simply the fear of unknown.

Suffice then to say that this approach is welcome only if the government will depart from the present way of spending in order to reduce inflation that will arise as a result of increase naira, but if the money is targeted toward the poor and middle class, this will increase economic activities and rejuvenate our economy from depression.
To me inflation can be better managed than depression

[size=48pt]
Lincoln in 1971?[/size]

Good times coming ahead

One of the most sensible suggestion ever given by the so~called Jagaban. I will ignore the messenger and focus on the message

Chiaka:
While Tinubu is trying to think..............Ameachi is busy cooking problem- with no productive change advice

Lmao. You are sick

ydass:


Tinubu has learned from the best. Even the US prints money. That is the secrete they have kept from many of you and they keep telling you go to school earn good grade and get good job.

Of course I know that usa prints money what about Zimbabwe. You will you collect printed money wen no get value. Usa can print money cos they are the worlds de facto currency. But maga s don de wise up and the dollar is depreciating faster than jack and Jill. Just wait till when they default ontheir world bank payments and everybody stops accepting dollars 2008 raised to power 1920s depression will be childr play compared to what will befall usa.ask Zimbabwe

Ikengawo:


you say this from the comfort of your laptop, my brother don't be wicked
[img]http://api.ning.com/files/16wPOLqtG9nJL3xSeBoUeE11hq9bW8n6dKUrT24aaR1q8ua*wVpn7xzw9yxXaYLBYbylb6ONF1aG9VrMqgSAsD4mYsNaMF1Y/GovFasholainspectfloodedareainAjegunleIkorodu16.jpg[/img]

They refused efforts by the government for relocation!! So what do you expect?

Sweetguy25:


It can be sustainable if it is managed properly.

That's my point. Even usa is abusing that power imagine what our profligate leaders will do

space booked

space booked.....






I'll be bak






mayb bfor Jesus comes

Much respect to Senator Bola Ahmed Tinubu, the Jagaban himself.

Waste of mb reading political jargon.

Sweetguy25:

http://www.thisdaylive.com/articles/slump-in-oil-prices-a-progressive-way-out/193976/

CC: lalasticlala

what is this?oh boy u fit copy not for secondary school ooh,but mind ur self no tryiam again

Mogidi:
How come this guru of economics refused to share his expertise with APC governors?
Some haven't paid salaries for 7 months.

What a dumb post.

The only way out of the economic problem in Nigeria is by stopping the reliance on Crude oil!! Finish!! Every region should branch off into harnessing the natural resources they have. The West have so corrupted our leaders that they can't think about anything else but their cursed Dollars and illegal bunkering

Mention one solution tinubu has brought to lagos as a godfather other than hijacking contracts from fashola,erecting toll gates and planting flowers that are not beneficial to lagosians

Ttalk:


In 1971 during economic recession in the United State of America, Lincoln the president jettisoned the dollar backed by gold policy, institutes social programmes that is aimed at the poor and create a tax leverage for domestic companies while bridging the gap between the rich and the poor through introduction on taxes on the rich.

Since then the dollar has taken the place of gold while emerging economies became slaves to the dollar. What is then is the fear nairanisation of our economy? It is simply the fear of unknown.

Suffice then to say that this approach is welcome only if the government will depart from the present way of spending in order to reduce inflation that will arise as a result of increase naira, but if the money is targeted toward the poor and middle class, this will increase economic activities and rejuvenate our economy from depression.
To me inflation can be better managed than depression

Orikinla:

[size=48pt]
Lincoln in 1971?[/size]

Yes didnt you know Abe Lincoln rose from the dead. He was pretending to be Richard Nixon

It sounds like a good idea on paper but believe me, printing more money increases the flow of money in circulation without adequate increase in production of of goods and services hereby causing hype inflation. Greece would have love to print money to bail out the economy than asking for European union bailout.
Printing more money will crash the value of naira and even make the economy worse off.

Sweetguy25:


Printing money to spur productivity is not a bad idea. As long as money is used to facilitate the production of goods and services, it will boost the economy enormously.

what will be the productivity if the property of money (scarcity ) is reduced without additional increase in naira value i.e more money chasing fewer goods....
naira will worth less than Zimbabwe dollar... that is a bad news.

Tinubu is not being truthful to himself. The truth remains that the only way through which nigeria can come out of her economic woes, is by reducing the salaries of political office holder. Increasing the taxes payed by the rich and wealthy in our country, and also fix the electricity problem we currently experience in nigeria. Believe you me, once uninterrupted power supply is provided for the common man. Nigeria's economy shall automatically be revived and joblessness shall be reduced to the biarest minimum. Tinubu is just beating round the bush, because he knows he's one of those nigerian elite, holding the waelth that is supossed to circulate among the masses.

We've heard of Abenomics in Japan; Now Tinubunomics. I go with Nigeria's version of Quantitative Easing. USA did, it worked; Japan and The Eurozone are currently doing it. That is the trend; let us QE joor.

Let Naira flow like Soludo did. Print the money jare.

On a serious note, printing money for a country like Nigeria would be a terrible idea, because it has no merit and will only lead to further devaluing of the Naira and cause exponential corruption. we can barely manage our government, how much more when we throw open the printing press. Can you imagine the airplane loads of fake Naira that would be coming in from all corners.

It surprises me ( though when I think about it not really, they all need to chop abi) when so-called leaders have no idea what they are talking about and have a lack of ideas. Let me IMHO give the top three things that need to be done:

Stimulate the small and middle businesses by granting well manged loans to ensure the business ideas are fostered. This will lead to an strong internal market, which Nigeria lacks whereas we have a large population. This in turn will spin off jobs etc.

Fiscal and corruption management. Nigerian dont pay tax period,but we complain about the government not doing anything. On one hand I understand since if you see the stealing that goes on and salaries are not paid whereas most high ranking officers are looking plumpy, then its hard to reconcile the two.

Last but not least. Cut down the Government expense by at leats 70-80%. You may think its high, but this is possible. when you see that some offices and departments have been created simply to employ friends and acquaintances, while they serve no useful meaning to the masses, why keep them open. Also reduce the salaries and allowances of the elected officers by 60-70%. The amounts are ridicoulous. Why would a House or Rep or Senator make more than Obama ( Nigeria, we hail thee).

...and a thread for debate on the economy is, quite predictably, as dry and barren as Nairaland's science and technology section.

I guess most people have nothing to contribute because threads like this actually require them to use their brains.

It's a brilliant economic idea. I think other economists could develop on it. I concur his submission on the economy of Europe. I lived 4 years in Greece during the austerity reign. The austerity is useless. Just like he rightly wrote it is a measure for the rich to keep their wealth and the poor to suffer all the pain. The system didn't work in Spain too neither did it work in Italy. Just like tinubu proposes, some economists proposed same for Greece to stop using to drive the economy and go back to drack marks which was their currency before joining the eurozone.

useless man
I read everything but found no solution to the economic problems of the Zoo
the solution is this Nigerians should quit running away from their demons and run to them instead and thereby conquere them. He said nothing about True federalism which is the only solution to the problems, He used to make a lot of noise about SNC but now is the time to organize the one he thinks is the best and implement the resolutions reached.
it is very simple, precise and clear even to the common man
anyway common sense is the only thing that is not common in the Zoo