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Nairaland Forum / Nairaland / General / Politics / Financial Times calls Nigeria's economic approach the height of foolishness (35665 Views)
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Financial Times calls Nigeria's economic approach the height of foolishness by NavierStokes(m): 9:21pm On Jan 22, 2016 |
Naira devaluation talk grows stronger as Nigeria also adopts Chinese-type circuit breaker http://www.ft.com/cms/s/3/5b13549a-bf74-11e5-846f-79b0e3d20eaf.html#axzz3y3yTTPfZ 4 Likes 1 Share |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by kernel504(m): 9:34pm On Jan 22, 2016 |
APC A PARTY WITHOUT CLEAR ECONOMIC POLICY. 174 Likes 12 Shares |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by Nobody: 9:39pm On Jan 22, 2016 |
That Kemi Adeseoun of a woman is the true depiction of cluelessness!! 162 Likes 11 Shares |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by tempest01(m): 9:44pm On Jan 22, 2016 |
We need to encourage local products....identify the substitute products and encourage it. PMB needs to find good economists who will proffer solutions to this our current crises. GEJ Will be smiling that he isn't at the helm at this critical time. Sometimes defeat can be good 147 Likes 7 Shares |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by Nobody: 9:47pm On Jan 22, 2016 |
ok |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by PRYCE(m): 9:48pm On Jan 22, 2016 |
Cluelessness! 60 Likes 2 Shares |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by sdindan: 9:48pm On Jan 22, 2016 |
hmmmmm!
I wish Buhari can read or understand English well.
Everybody is wailing even foreign media. 176 Likes 10 Shares |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by SamJed(m): 9:49pm On Jan 22, 2016 |
APC has no good economic plan 101 Likes 5 Shares |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by talktimi(m): 9:50pm On Jan 22, 2016 |
There are some situations where I don't like to say I told you so especially if they affect me negatively too. This is one of them 91 Likes 4 Shares |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by Nobody: 9:50pm On Jan 22, 2016 |
Lalasticlala come and do the needful!! 7 Likes 2 Shares |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by Trut(m): 9:51pm On Jan 22, 2016 |
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Re: Financial Times calls Nigeria's economic approach the height of foolishness by omohayek: 9:52pm On Jan 22, 2016 |
chukwudi44: The true mark of cluelessness is blaming Kemi Adeosun for two areas of policy over which she has no control. It takes real ignorance to blame the finance minister for an FX policy which is actually set by Godwin Emefiele, the head of the CBN; she also had no hand in the NSE's difficulties, as the CEO of the Nigerian Stock Exchange is a man named Oscar N. Onyema. 100 Likes 6 Shares |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by NavierStokes(m): 9:52pm On Jan 22, 2016 |
chukwudi44: My brother, i have been very vocal about these "venezuela styled" policies on here, i have seen first hand its effect on her people. It baffles me how someone can see a failed policy and still go ahead to implememt same expecting a different result. In all the party has been clueless on the economy as stated by their chairman, where he says they will convey a meeting of policy makers and stakeholders so as to be able to have a clear direction on the way forward, which in other words means they are yet to have a clue on the way forward these past months. 35 Likes 2 Shares |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by Nobody: 9:53pm On Jan 22, 2016 |
kernel504: PDP , THE PARTY WITH CLEAR ECONOMIC POLICIES RIGHT? 21 Likes 1 Share |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by Pidggin(f): 9:54pm On Jan 22, 2016 |
During the presidential media chat economist Buhari insisted that he would never devalue the naira. I bet if someone was bold enough to ask him what he understood by devaluation, he would not have been able to answer the question. 127 Likes 8 Shares |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by omohayek: 9:55pm On Jan 22, 2016 |
NavierStokes: You point to an insightful article on Nigeria's economic direction, and then proceed to throw away all your credibility by endorsing a ridiculous attack on Kemi Adeosun, simply because it was made by "your brother". What a waste. 21 Likes 1 Share |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by magicalx(m): 9:56pm On Jan 22, 2016 |
What Word is worse than clueless give it Bubu and his Saint of a team 41 Likes 1 Share |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by nobilie: 9:57pm On Jan 22, 2016 |
Nigerian currency# is failling and may continue to fall as we currently does not export much of anything like oil. Apart from the fact the international crude oil price has gone down, we are struggling to sell the quantity we use to sell. Every country is restrategizing. USA, South Africa are no longer buying as much as they do From us. The crop of governors we have to not even know how to make money from the resources in their states. May God help us. Farming will not be a bad idea. If militant activities in the creeks resume, then, there will be more trouble as our refineries will then be useless. My advise to the govt: Enforce harsh laws in political criminals. Take off subsidy completely. Do much to recover stolen fund's and use them to finance infrastructural projects to boost production. increase tax. Find a way to tax the rich more. Encourage research in the universities. Encourage low cost buildings. US have lots of buildings made of woods. This will help reduce cost of maintaining a family/household. Nigerian govt should request those that have stollen from us in the past to return part of what they stole. 26 Likes 3 Shares |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by Tochaigh: 9:58pm On Jan 22, 2016 |
If emifiele was standing right in front of me, with a loaded beratta in my hand. I will send that motherfucker straight to hell. AhhAhh! Must buhari be so effing slow. Emifiele should have been sacked like yesterday!!! 16 Likes 1 Share |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by kernel504(m): 9:59pm On Jan 22, 2016 |
cosmo84: BROTHER, PDP WASN'T BETTER, BUT APC POLICIES AND ACTIONS LEAVES PDP WITH THE TITLE "SAINT". LIES AND BLAME IS NOW THE HALLMARK OF APC. 90 Likes 6 Shares |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by Chubhie: 10:02pm On Jan 22, 2016 |
But the zombies told us that Buhari's economic acrobatics is the 8th wonder of this world. The thunder that will fire all zombies is wearing pant and bra. 70 Likes 4 Shares |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by NavierStokes(m): 10:06pm On Jan 22, 2016 |
omohayek: 1.Making a reference to him as "my brother" has got nothing to do with ethnic affiliations but rather as one human to another. 2. The economic policies being brandished by this administration has all been synonymous with cluelessness. 3. I am afraid your responses are coming across as bigoted from the way youtried to shift blames to emefiele and onyema and attempting to shield the finance minister from attacks. 4. My brother do not be intransigent and assert that I am incredible because of differing opinions. The message was delivered exactly "as is" from the source. PS: note that the CBN is inder the ministry of finance, and also the NSE thoigh private is regulated by SEC and under the supervision of the ministry of finance. So his assertion isn't unfounded and you arguing the contrary is an indirect attempt to accuse madam finance minister of laxity in carrying out her duties. As for the genesis of most of these issues, i think this makes an interesting read below: http://venturesafrica.com/features/president-buhari-just-might-have-reduced-nigerias-finance-minister-kemi-adeosun-to-a-glorified-figurehead/ Positing our current minister of finance might have been setup to be a clueless figurehead. You should have seen it playing out with the issue of our 2016 budget and the "alleged" fiasco in the UAE. 93 Likes 5 Shares |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by DelGardo: 10:10pm On Jan 22, 2016 |
So they advocate that CBN should let Naira go on a free fall, and the wailers seem to like their suggestion. Cool. I only hope they don't come here tomorrow to scream "Exchange rate is now N3,500/$!". 17 Likes 3 Shares |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by doctokwus: 10:12pm On Jan 22, 2016 |
Tochaigh:He has a tenured post and there is sth like the senate having to approve his sack,if i am not mistaken.Besides,his ethnic group presents another challenge. But,pmb is just unnecessarily postponing the inevitable. Just like the govt seems to be dillydallying with GEJ's arrest,emefiele has several reasons to have been sacked since yesterday:gross incompetence and his involvement in the sleazes under the GEJ govt. If there is one cbn gov that has failed in all aspects of central banking,its Emefiele.Why he remains there is known only to the govt. To avoid cries of victmization,another Igbo can be appointed and there are countless more competent ones than Emefiele. 5 Likes |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by SMARTKOSSY: 10:14pm On Jan 22, 2016 |
chukwudi44:Get the spelling ryt first na 9 Likes 1 Share |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by SMARTKOSSY: 10:15pm On Jan 22, 2016 |
Chubhie:Sexy thunder?noooo dats too sweet for the zombies 15 Likes |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by achiphet(m): 10:16pm On Jan 22, 2016 |
Am watching in 12D. Mainwhile am moving all my cash outa dis country! Learn how to get 120% return on your investments on MAP USA. Sorry for you if u still have your money in a nigerian bank 2 Likes |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by omonnakoda: 10:17pm On Jan 22, 2016 |
chukwudi44:Actually you are s.tupid. Does the government run the Stock Exchange. Or does the government own it? Why not restrict yourself to what you know. It is not mandatory to comment. 20 Likes |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by Nobody: 10:18pm On Jan 22, 2016 |
doctokwus: Kemi Adeseoun is the leader of the Buhari's economic team 56 Likes 1 Share |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by OkutaNla: 10:23pm On Jan 22, 2016 |
DelGardo: Don't mind those hypocrites. If that happens they will be first to remind us how much it was under Okonjo Iweala and Jonathan. They are confused and don't wish this administration well, irrespective of what it does. 9 Likes |
Re: Financial Times calls Nigeria's economic approach the height of foolishness by Chubhie: 10:25pm On Jan 22, 2016 |
SMARTKOSSY:We all have friends,colleagues,families who for some reasons beyond logic gets enchanted once sai baba is echoed yet face same harsh economic realities with us. maybe a sexy thunder can do the trick? I know demdem is already getting excited with having a thunder romp. 12 Likes |
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