babatawa:


mehn? guess theSpark was right afterall

you be bolt? you just rush conclude

Good evening all

Real Gs move in silence like lasagna.

theSpark:

How much should we take per dose? Talking about quantity. Glassful? Teaspoon?

Tea cup. family size

theSpark:
h

eeyah

babatawa:


i was readin the article whn i posted johr...
No excuse

E be like u and thespark like economics . Nice to know. What do u guys make of dat risky suggestion.

majidyusuf:
them dey pay 100 b0x per first page, so i no blame una

whey d money. I never see am o.

hilsocial:


whey d money. I never see am o.

them dey gather am for una, na lump sum payment

hilsocial:



E be like u and thespark like economics . Nice to know. What do u guys make of dat risky suggestion.

theSpark over to you...

majidyusuf:
them dey gather am for una, na lump sum payment

na so Rivers de hold pple alawee .

theSpark:
h

Chai . I feel ur pain bro. Dis hurts .

hilsocial:


na so Rivers de hold pple alawee .

na pple say they must serve for rivers na

hilsocial:



E be like u and thespark like economics . Nice to know. What do u guys make of dat risky suggestion.

Proceed with caution. I don't know but if they can print more naira and hold down inflation and whittle down the influence of the dollar it may work out. From the little I know.

majidyusuf:
na pple say they must serve for rivers na

I cant trust govt with my money . With the economic depression . Most states will struggle to pay state alawee .

hilsocial:


I cant trust govt with my money . With the economic depression . Most states will struggle to pay state alawee .

lets hope things get better

theSpark:


Proceed with caution. I don't know but if they can print more naira and hold down inflation and whittle down the influence of the dollar it may work out. From the little I know.

The problem will hv in NIG ab initio is leakage due to corruption . Printing more naira is risky where dia is corruption cos d money may nt be used to foster production den dat may lead to inflation . Austerity measure is also risky wia dia is corruption too cos little will get to poor. What we need is to tackle corruption which is an economic sabotage , diversify d economy using comparative advantage principle and ensure good taxation esp progresive taxation for now.

hilsocial:


The problem will hv in NIG ab initio is leakage due to corruption . Printing more naira is risky where dia is corruption cos d money may nt be used to foster production den dat may lead to inflation . Austerity measure is also risky wia dia is corruption too cos little will get to poor. What we need is to tackle corruption which is an economic sabotage , diversify d economy using comparative advantage principle and ensure good taxation esp progresive taxation for now.

Are you an economist?

How do we now fight corruption?

miccoy:

Are you an economist?

How do we now fight corruption?

V hard. If we ve a good security and judiciary system dat is truely independent den we ve hope . But strategically, govt can also provide a system dat prevents corruption . Just like asking how to do u stop cheating in universities. All comes down to the question of is d executive arm of govt really serious with tackling corruption?

Other options are:

1: Devalue the naira, this will help to woo foreign investors.

2: Impliment the closed economy concept for a stipulated period, say for two decades.

3: etc...

I do think the people high up are considering various ways to alleviate the current spate.

#God help us

hilsocial:


V hard. If we ve a good security and judiciary system dat is truely independent den we ve hope . But strategically, govt can also provide a system dat prevents corruption . Just like asking how to do u stop cheating in universities. All comes down to the question of is d executive arm of govt really serious with tackling corruption?

Would arresting & jailing people stop corruption? Because, the last time I checked, people still smuggle drugs to Malaysia despite the punishment being a "capital" one

Physika:
Other options are:

1: Devalue the naira, this will help to woo foreign investors.

2: Impliment the closed economy concept for a stipulated period, say for two decades.

3: etc...

I do think the people high up are considering various ways to alleviate the current spate.

#God help us

We hv already done dat and it didnt work, infact it will hardly work for a country like NIG dat depends largely on importation of raw materials and technology. It will cause shut down of firms and unemployment . For closed economy, we shdnt even think of it . Even USA run an open economy .

miccoy:

Would arresting & jailing people stop corruption? Because, the last time I checked, people still smuggle drugs to Malaysia despite the punishment being a "capital" one

There is no country without crime . What most govts think of is how to prevent and alleviate crime and also prosecute culprite . U cant stop justice cos it is d only way to deter pple frm commiting crime .

hilsocial:


We hv already done dat and it didnt work, infact it will hardly work for a country like NIG dat depends largely on importation of raw materials and technology. It will cause shut down of firms and unemployment . For closed economy, we shdnt even think of it . Even USA run an open economy .

Most mport activities 2 d best f my knowledg ar run by individuals wit d sole aim f makin profit wit little or no contribution 2 d economy at larg nd diz knda practices ar growin anualy.

Dz means dat mportatn cn b reduced nd consequently shut off on d long run. IMO

Physika:


Most mport activities 2 d best f my knowledg ar run by individuals wit d sole aim f makin profit wit little or no contribution 2 d economy at larg nd diz knda practices ar growin anualy.

Dz means dat mportatn cn b reduced nd consequently shut off on d long run. IMO

I disagree with u dia. Our importation is caused by deficit in production locally to satisfy the demand . Dnt blame it on individuals . Lets use Petrol and Cars for example with our refineries and auto mobile companies working do u think d importers will make much. We are a consuming nation so we cant help it dan to import to satisfy our wants.

No motivation for Chelsea again. Nice team .

hilsocial:


I disagree with u dia. Our importation is caused by deficit in production locally to satisfy the demand . Dnt blame it on individuals . Lets use Petrol and Cars for example with our refineries and auto mobile companies work do u think d importers will make much. We are a consuming nation so we cant help it dan to import to satisfy our wants.

Ur point z same as mine. U say thr z a deficit in productn henc d reason fr mportatn nd I sugest a closed economy whc wil effect maximum utilizatn f d availabl resources. D oil sector z a valid xample.

I believe when we have strengthened institutions corruption will be minimal. For instance if efcc is strong and independent there will be less corruption.

Strong institutions mean that everything will rum smoothly and efficiently. ITF will pay us our siwes money that they owe us.

I don't subscribe to the idea of a closed economy because this is the age of globalization. If we close our economy from the world the inbreeding may be too much and we'll not innovate. We need diverse input and funding.

hilsocial:


The problem will hv in NIG ab initio is leakage due to corruption . Printing more naira is risky where dia is corruption cos d money may nt be used to foster production den dat may lead to inflation . Austerity measure is also risky wia dia is corruption too cos little will get to poor. What we need is to tackle corruption which is an economic sabotage , diversify d economy using comparative advantage principle and ensure good taxation esp progresive taxation for now.

I may also add the point of Fiscal Discipline to your contribution. If the budget is not capital inclined and it is not followed to the letter we have a lot of loose money which our light fingered leaders find easy to shift.

Physika:


Ur point z same as mine. U say thr z a deficit in productn henc d reason fr mportatn nd I sugest a closed economy whc wil effect maximum utilizatn f d availabl resources. D oil sector z a valid xample.

A closed economy is an economy dat does not engage in international trade meaning it is self sufficient. No import and export . No country does dat now. It is more theoritical dan practical. All economies now are open.

theSpark:


I may also add the point of Fiscal Discipline to your contribution. If the budget is not capital inclined and it is not followed to the letter we have a lot of loose money which our light fingered leaders find easy to shift.

I agree with this.

We could also improve the economy thru

A strictly controlled importation system whereby flimsy imports are discouraged.

Well policed borders to discourage smuggling from Cotonou

Well managed ports to make imports/exports hassle free

Tarrifs on goods we can produce in Nigeria. Outright ban on importing some products eg buckets toothpicks plastics

Electricity

theSpark:
I believe when we have strengthened institutions corruption will be minimal. For instance if efcc is strong and independent there will be less corruption.

Strong institutions mean that everything will rum smoothly and efficiently. ITF will pay us our siwes money that they owe us.

I don't subscribe to the idea of a closed economy because this is the age of globalization. If we close our economy from the world the inbreeding may be too much and we'll not innovate. We need diverse input and funding.

exactly