hucienda:
cc Kemi Adeosun

bcc Godwin Emefiele

topstar80:
I won't wanna be bias..
the best solution for the Nigerian economy is to rid every looter...
if we keep on saying we want a boosted economy and there are still means by which monies are laundered,we will not get There, for what is the use of increasing the water level in a tank when u know that the tank is leaky ?..
we should try and fix the leaky areas first before trying to see a boosted economy...
I'm not a politician but I give kudos to the current administration for seeing this need before any other dream..
God bless our Nigeria

frankwyte:
The reason i stopped commenting on national discuss that will assist this nation is when you tell the truth, some people just are not comfortable with the truth rather they results to name calling or better put ..... Strange to be criticize, that way they remain stagnant, and cant move forward or interact without having grudges; but they soon forget that you need interaction and criticism to appreciate the beauty of life itself otherwise yu are dead!

gohome:


You are being to optimistic. In project management, there is what we call P10, P50 and P90 models. Most managers use the P50 models ( average) to plan, some even use P10. My P50 model analysis is what I provided to you.

That said, we seem to want the same thing ( increased in house refining capacity). Why I want more refineries, you want one single mega refinery.

Standing5:
Many monikers won't save you deluded ässès. Oil you are shouting is hard worth anything again. Get up and work out your läzy assès.

tuniski:
you started like u have good grasp but, quickly went off by the over used lame line of 16yrs of waste. So Russia too had 3r0yrs of waste abi? Stop blame game and come up with solutions. It is actually the problem structurally basing our posterity on oil boom/doom. Apc is here let them solve the part of the problem they can then give way. Govt is a continuum but, apc is an error while the Sai baba chanters today are zombies!

Standing5:
Russia had good savings and invest in technological advancement that they are falling back to now. Nigeria saved and quickly deplete same via frivolous arms purchase, increase recurrent bills. among others.

mrvitalis:
Bro the solution is not on grammar we need urgent solutions and I would propose the following
Government should set up a farm company like NNPC allocate unfarmed land to the company
Develop seedlings true the ministry of agriculture... Farm to substitute the things we import simple as a b c
Allocate 200000 hecters for wheat farming
1 million hecters for rice farming
Just like that.. . The ban importation of this farmed goods.. . The importers must buy from government
U create jobs.. . Save our foreign reserves
Generate revenue... . It's not rocket science bro
We just have dummies ruling us

sweetgala:


APC is an error. I'm glad APC came on board before this country was put to death. APC was our salvation bwcuse if PDP had won , all those who stole and invested billions into the PDP stake would want their loot back

tuniski:
no,that will be concentration camp not farming. Moreso, govt doing more aand more Is simply encouraging inefficiency and corruption. Govt is already overwhelmed let citizens be Stimulated and encouraged to do commercial agriculture. Govt must stay off they are a never do good bunch!

tuniski:
flawed and living on propaganda of apc! Saying naija would have been dead with pdp is d biggest lie ever told. Apc is here and naija is dying. Why will anybody wants to assume leadership of a dead nation? Truth is naija was d biggest economy in Africa and apc base everything on the basis of vilified pdp govt. Apc is just lost! Overwhelmed by the magnitude of challenges pdp was facing and still making govt sane. Don't tell me about oil price cos it is a lame excuse by a govt lacking in ingenuity and outside of the box tot! Wee are here and apc must solve the problems d best they can cos govt is continuum. Blame game won't deliver posterity!

yaki84:


what did the states do with their own share of the oil monies pumped to them since 1999?
states control 70percent of lands in the country, federal govt dont hv lands....any projects either housing or roads they build they must allign with states if not it wont work.
the last admin made some nice plans towards diversification, monies were pumped into agric sector, we had the auto policy even though the wasterners kicked against it, telecoms sector too was beefed up n restructure n is still passing thru restructuring cos its another economic indices towards attaining robust economy in the future.
so many power plants hv been built and soonest some will kickstart example is d one at odukpani in cross river state.
states were suppose to be the primary drivers of diversification cos they ave access to lands which the federal govt lack......what did ur state govt did with oil monies allocated to them since 1999?

baralatie:

Like I said,as long as pmb "thinks" there is no fuel in the car while "doing nothing" but shouting "there is no fuel!",I no agree!
Only for a passerby tell pmb "oga enter the motor make you check the fuel gauge,

kenneth3428:
There is no hope for Nigeria with the way PMB is going about things. Look at the budget for instance. There are no future leaders in Nigeria, we only have the leaders of the futures past.

vodkat:



Price of oil will.go as low. As 5$ per barrell.especially when other countries start using shale techique to get oil.

As of now only the actions of us scattered the market.

Us prefers low prices becuaae it weakens Russia and arab terrorist who.r 90% dependent on oil as source of income

asamaigho:



lol!
well oil prices will neva get dat low bro!
if it does,den d IOCs will go totally bankrupt,dat will b a major world disaster.besides d saudis will not allow dat to happen.
i think it wont go less than 15dollars pb.

baralatie:

You back to what I am saying
"Pmb in a car with fuel and up to date working systems is screaming "no fuel"
Haba!!

sweetgala:


The is no fuel in the car, we are broke believe it or not

vodkat:


Saudis have no say, if they had say they would want oil to be 1000$ per barrel so they can be using dollar to clean yansh.

oil can be replaced in vechicle

as we speak some power lithium battery can run a car engine without need for fuel.

take it or leave it.


Out of the top 10 economies is in the world there is no major oil producer apart from Russia.

Oil makes countries lazy and not use their brain

sweetgala:


We know your type, the bunch who live and enjoy the hard work and development in SW but spare no opportunity to accuse them of the ills in your society. Please go ask your state governors what they did with their bountiful allocations and security votes.

I know for a fact that GEJ input zero new ideas with his 5 years in office absolutely nothing, all he did was benefit from the plans laid down by OBJ and taken up by Yar'adua.

The only thing he was good at was signing defective documents he had no clue what they meant. How did we let a shrimp zoologist become out president I don't know

hakeem4:
Let's not only depend on oil
Yes oil is a problem, but remember we are operating a consumer type of economy. over 90% of our daily and essential needs are imported. I think this is portraying our image as a rich country that is not ready to move into production. Now we need to dis-abused the mind of all Nigerians from the concept of dependency on importation and the consumption of imported materials. We need to close our country disband the ideology of globalization and allow our professionals to initiate a way out. Remember necessity is the mother of ....................

Like if you agree


Share if you disagree

gohome:
We have a problem.
1. Weak Fiscal Policy and political structure.
2. Executing good economic policies.


I will only touch on 2 because the ruling party does not have the nerve to dismantle the fiscal structure we have now. Also so unfortunate the last one could not. In the next elections, we should vote for the guy that will stop handouts to states. The gain of just this single decision is too enormous to mention in this thread. Will create another thread highlighting this

I will go ahead with number 2. Solutions to number 2 start with a good plan (budget). Unfortunately we have started off in the wrong foot. The growth rate of a country depends on rate of saving and investment. For this purpose, budgetary policy aims to mobilise sufficient resources for investment in the public sector. Therefore, the government makes various provisions in the budget to raise overall rate of savings and investments in the economy. what I have seen so far in this years budget is not impressive. Hopefully next year will be much better.


Another example as regards to policy is curbing inflation rate. Look around you, you can hardly find anything manufactured in Nigeria. So what it means is that inflation is going to be in double figures because of a devalued Naira at 310 to a dollar. It's a bad policy to fix the Naira and not let market forces work. A good example to explain this bad policy is the way and manner we have handled our forex. Firstly, the entire policy to control our outflow was not carefully thought through. What we are doing is fixing the roof because of bad foundation. Or repainting the car and feeling good when your engine is about to knock. Bad precedence we have laid in the past 50 years. Keeping the right to set the dollar price exclusively to CBN is a recipe for disaster. It's only a matter of time and that time will be when oil is worthless. Do you know that the CBN gathers all our dollars and print Naira equivalents of these dollars. They flood this Naira in the economy and because the GDP growth is not equivalent to the Flooded Naira, inflation starts to kick in, the CBN the go ahead to reduce to cash in circulation by raising interest rate, selling T bills and even borrowing from bank at huge cost. Imagine! The simple solution to this is to let it stand on its feet. Every body source for your dollars and let your customers buy it at any price.

But wait a minute, the decision to do that is not so simple, the dollar will reach 500 Nairas, so politically, it will be suicidal considering the fact that 1 Naira was suppose to be of equal value to the dollar.

A true devalued Naira may be a solution to our problems. It will reignite the real sector. Manufactured good in Nigeria can now compete with foreign goods In Nigeria. Thousand of Jobs will be created. We will get better at it and even start to export. There is hope people.

That's the only way. For you to increase your outflow, you have to be able to sell manufactured products, resources like oil etc can not cut you in. To be able to manufacture competively with China, Germany etc, you will need

1. Technology
2. Fiscal policies, tax cuts import waivers on heavy duties etc
3. Most important, Infractructural development (1 Trillion US at least).This will include power, rail, roads, ports etc. unfortunately, we have squandered billions of hard earn forex that should have been used for this
4 Human Resource - STEM professionals, technicians etc
5. Strong Policing- strong police force, legal framework etc.
6. Strong Foreign policy

What do we do?
1. Can we as citizens reach out to our legislators that the budget should reflect the above and don't be passed until it is changed.

2. Can we also push for a well laid out fiscal policy

3. Can we also push for a policy that will ban all forms of commodities except heavy duty equipment from accessing forex from the CBN

4. Can we set a hard target for the power problem to be fixed. (Milestones included). All projects in the world have targets

5. We consume 40 million liters a day of PMS. Dangote refinery will do 10 million liter max. Can we rigorously push for 4 Dangotes to build refineries especially from the oil majors in country.

6. With just a 10% increase in GDP and 30% increase in manufacturing, 2.2 million barrel a day of oil we produce will not be enough for local consumption.






Came across the link below and I thought it might be interesting.

https://m.youtube.com/watch?sns=fb&v=xex7NAhTR_w

Standing5:
I agree on state, fiscal federalisw, and nation building above. We can't just build nation by wishing it. Monies have been stolen and should be recovered

sweetgala:


Please tell them, it is common fact that the technology advances Russia is relying on now are the same ones harnessed during the cold war competitive days when USSR pumped money into science and research and also had to manufacture in-house due to trade sanctions. The SU 27 and Mig 29 were designed as the cold war came to an end, the mil mi24 hind is a cold war design.

Maybe what Nigeria needs is a couple of sanctions to make us become resilient again, because it seems business men would rather import low quality goods from China rather than promote local manufacturing

yaki84:



I cant join issues with people that r hypocrites, crafty, greedy n double face thieves.
people who defend someone that never sign cheques for the entire 8yrs he spent as govr, people who defend someone who never awarded contracts as a state governor. people who defend someone that purchase 3bmw cars for 600million naira but attack another for buying same at 250 million naira, people who give kudos to someone that awarded two boreholes for a whooping 189million naira. bobo I cant n I will never join issues with any wasterner, sophisticated beggars.
gej stole oyel money, crude oyel money, crude that is being drilled from his backyard n its effect has caused much degradation to his people.
he stole what belongs to his state, so he is justified n heavens wont sanction him unless he started the stealing, he introduced the embezzlement, n the looting.
if u r pained by this then u need a dose of 1tablespoon of otapiapia to ease ur pain.
ciao...... mumu

baralatie:

the beauty is this. there is a fuel in the car and it is full tank.
If the driver is saying no fuel.It is either of the following
a,the driver is not familiar with the car
b,the driver is misguided on the workings of the car
c,the driver is not in the car
d,the driver does not know where the ignition is
e,the drover needs help