theSpark:
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:
They also shouldn't try to force the naira to depreciate or appreciate until oil prices stabilize.

toast224:

Thanks. Pls concerning the jamb office, is it their new complex along aba express way? I still remember early last yr our names were pasted on the departments notice board stating that our admission letters were ready but i neva bothered to follow it up. Its all coming back to me now.

chikaodili345:
Green.

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.

Stancity:
It's not advisable for a "LADY" to be awake up to this time of the night unless u have a different view...

Venom104:
Hilsocial.. seems like you know your stuff.. obviously not an abusite, right?

haliluck:

Meaning? ??

dtruth3:
Please when exactly will B15 be mobilized, September or November?

foxxynik:

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How will u whittle down the influence of the dollar? I don't know what the argument is all about..... But that very process will warrant a direct submissiveness of our entire crude oil to America... That alone can influence the Nigerian currency!

Venom104:
Hilsocial.. seems like you know your stuff.. obviously not an abusite, right?

foxxynik:
Like I was sharing a view with a friend... Nigeria will suffer more if we don't fall back to the Agricultural production and supply as to when 2dollars was made to equal to a naira coin...
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Again, like what China is doing, Nigeria should try as much as possible to tell our foreign suppliers of goods (e.g electronics) to build their factories as well as to employ a certain number of Nigerians to work directly with them....
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China supply us with Techno phones and other products... If a branch of their factory (for production NOT Assembling factory) is built in Nigeria...and many of our youths are employed... Before the company folds....we'll be able to produce mobile phones as well...
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We need to delve into technology in other to make proper use of our natural resource.
.
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Again, our steel factory is just a waste... Where russia is producing guns and other weapons and be selling it to Irag and other countries undergoing civil wars and be making money.... Nigeria is wasting theirs and be looting money all in the name of revamping the factory!
.
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What is the country planning for its younger generation?

Venom104:
Hilsocial.. seems like you know your stuff.. obviously not an abusite, right?

foxxynik:
Like I was sharing a view with a friend... Nigeria will suffer more if we don't fall back to the Agricultural production and supply as to when 2dollars was made to equal to a naira coin...
.
.
Again, like what China is doing, Nigeria should try as much as possible to tell our foreign suppliers of goods (e.g electronics) to build their factories as well as to employ a certain number of Nigerians to work directly with them....
.
.
China supply us with Techno phones and other products... If a branch of their factory (for production NOT Assembling factory) is built in Nigeria...and many of our youths are employed... Before the company folds....we'll be able to produce mobile phones as well...
.
.
We need to delve into technology in other to make proper use of our natural resource.
.
.
Again, our steel factory is just a waste... Where russia is producing guns and other weapons and be selling it to Irag and other countries undergoing civil wars and be making money.... Nigeria is wasting theirs and be looting money all in the name of revamping the factory!
.
.
What is the country planning for its younger generation?

foxxynik:

.
.
How will u whittle down the influence of the dollar? I don't know what the argument is all about..... But that very process will warrant a direct submissiveness of our entire crude oil to America... That alone can influence the Nigerian currency!

theSpark:


Whittling down the influence of the dollar: by this I mean control the excessive dollarization of our economy. Eg banning paying rents, hotel fees, school fees in dollars.

theSpark:
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

hilsocial:



You are right bro. Dia is so much dollar demand already , if we do as said it will probably halve the demand. For any economy to develop and be self suffcient they must not depend on international trade to provide their necessaries. And here are we importing crude oil that has so much multipliers effect on d economy . You are absolutely right.

foxxynik:

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That will be very difficult per se...knowing fully well that our currency isn't worldly recognised. As it stand... The world Bank does not include transaction with our currency! Not even direct exchange! If the world bank could recognise our currency, then... The above listed process will be done... Within the country, I could tell that the level at which ppl buy or rent with dollars is very minimal.
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I understand with u very well...and I stand to share ur point of view... But I believe... Our politicians know what to do... But greed won't let them!

hilsocial:



You ve a very good idea of what we need but we in Nigeria again is high cost of production and high cost of marketing due to probably power failure and decayed transportation infrastructure respective . So govt shd address what makes up producer cost esp public goods cos companies pay tax and high producer cost discourages SME which is most employer of labour. Without dat addressed companies will still move to oda countries with favourable production ambience and ship to our country where dia is large market and sell.

hilsocial:


The truth is dat ur currency can only command respect when u produce and export finished goods.

foxxynik:

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GBAM!!!!
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And i keep asking one question, Why did we ever stop to make use of our refineries?
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Why can't we build a new functioning refinery? Atleast to curtail the expenses!

foxxynik:

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Ofcoz, power failure is a turn off for any company who's willing to establish its factory here.... Weren't our government supposed to do something about it? Weren't this country supposed to be having a steady power supply? Is the country not rich enough to have all that it takes to influence its investors?
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Is our government doing anything at all in the development of this country? When we can't even brag of a 24hours power supply?

foxxynik:

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Exactly, finished goods.... Where foreign investors will beg to trade with us....