OsamaB:


Atleast you said political naïve, Nigeria's problems are not mainly based on the politics that is widely played with sentiments.hence, the need for économic and academically sound individuals to contribute to solving our problems....

like our PHD ex president contributed...bro....book does not solve these kind of issues

Buhari refusal to devalue naira will cause Nigeria economy the biggest disaster. take a look at it from this angle, you buy a good at 301 & you are asked to resell at 199 despite the fact that the value of that good has never depreciated. how will u feel?

Ripama:
That is an insult to the President of Nigeria. The fact dt you are skillful n knowledgeable in a particular field doesn't me you shud not give honour to whom honour is due. Who is Pat Utomi to av lashed our president. Was it cos he was not made Minister of Finance? kpshew..

MY FRIEND ZOMBIE KEEP QUIET! HOW MANY COMENT DID U MAKE HERE WHEN UR FELLOW ZOMBIES WERE BUSY INSULTING PRESIDENT GEJ. SO BUHARI IS MORE A PRESIDENT THAN GEJ. NONSENSE!

flokii:


tosyne you sef dey see them...

RESPECT no dey their dictionary atal... even if you ain't pleased with his point of view, at least you respect his office & position

that guy doesn't deserve d title 'prof'.. he is a complete IDIOT

Shey you can now see that paper certification is not a true measure of wisdom. One can be a professor and still think like a kingdarten pupil

Klogo:


if a professor of political economy does not understand money devaluation, both academically and politically, then who can?

just like PHD ngozi did...is Nigeria beta now?

shut your trap,what do you know about economics,devaluation makes things cheaper for those who buy raw material and very expensive for those who buy the finished goods.to buy goods you first have to convert your money to dollar,if you were using 200naira to buy one dollar,now you have to bring 300 naira to buy the same dollar please tell me how those it help you.i had to use simple mans terms because people like you with your big grammer dont ever know anything just to wail

hobermener:
typical of the average zombie who is totally bereft of simple economic policies and their implications. Humbly keep quiet when the issue discussed is far beyond your grasp. Devaluation makes a country's currency cheaper, and those of others expensive, consequently boosting exports, and curtailing imports.

NIGERIA IS A COUNTRY WHERE YOU ARE DEEMED TO BE AN ECONOMIST BECAUSE, LIKE TRUMP, YOU HAVE ACCESS TO THE MEDIA AND YOU CAN MAKE THE LOUDEST NOISE.

ALL THE PEOPLE SCREAMING DEVALUATION HAVE NOT MADE ANY SENSIBLE ARGUMENT. THEY ONLY CLAIM THAT IT IS ENCOURAGING ROUND-TRIPPING. YET THEY CANNOT PROVE THAT WITH FACTS.

NATIONS DEVALUE THEIR CURRENCY TO ENCOURAGE FOREX INFLOW THROUGH EXPORTS. AND THEN THEY RE-VALUE AGAIN IN THE COURSE OF TIME. IN NIGERIA, NAIRA HAS NEVER (AND I MEAN NEVER) REGAINED VALUE. IT HAS ALWAYS BEEN ONE WAY. FROM 3 NAIRA TO THE DOLLAR, TO 11, TO 18, TO 32, TO 60, TO 98, TO 120. TO 158, TO 199!

IT IS SO, BECAUSE OUR DEVALUATION HAS ALWAYS BEEN TO ENCOURAGE SPECULATORS AND NOT TO ENCOURAGE EXPORTS. OUR OUTPUT OF COCOA, CASHEW, RUBBER ETC HAS NOT INCREASED IN THE LAST 20 YEARS. IN FACT, COMMODITIES LIKE RUBBER AND CASHEW ARE ALMOST EXTINCT. NIGERIA NO LONGER EXPORTS LEATHER. ALL THE PAST DEVALUATION HAVE FAILED TO ENCOURAGE ANY MEANINGFUL LONG TERM INVESTMENT IN PRODUCTION.

NIGERIANS WHO HAVE STORED MONEY ABROAD (SOME FROM DOUBTFUL MEANS) REALLY WANT DEVALUATION - THEY WANT THEIR 1000 DOLLARS TO FETCH THEM 300,000 NAIRA.

CONTNUED DEVALUATION WITHOUT SOLID LOCAL PRODUCTION THAT IS GEARED TOWARDS EXPORTS WILL ONE DAY MAKE YOUR CURRENCY WORTHLESS. COMMON SENSE.

DEVALUATION TODAY WILL MAKE PETROL SELL FOR A MUCH HIGHER PRICE. IS NIGERIA READY FOR THAT? WILL THAT NOT SPARK ANOTHER CRISIS? COMMON SENSE!

STOP SPENDING YOUR DOLLAR EARNINGS ON 'ANYTHING MADE IN CHINA' LIKE HUMAN HAIR, TOOTHPICKS, CHAMPAGNE AND WATCH YOUR CURRENCY GAIN VALUE. COMMON SENSE!

NIGERIA IS THE WORLD'S LARGEST IMPORTERS OF CHAMPAGNE AND BEAUTY PRODUCTS. WE ARE SURROUNDED BY WATER BUT WE IMPORT FISH ALL THE WAY FROM CHINA AND SOUTH AMERICA. YOU CANNOT CONTINUE WITH THAT AND EXPECT YOUR CURRENCY TO GAIN VALUE. COMMON SENSE!

SINCE THE CBN PLACED RESTRICTIONS ON 42 ITEMS, FACTORIES HAVE SPRUNG UP TO MAKE TILES LOCALLY. THERE ARE OTHER EXAMPLES. THAT WOULD NOT HAVE HAPENNED WITHOUT A POLICY TO CURB SENSELESS IMPORTS. HOW CAN WE BE SURROUNDED BY ROCKS AND YET BE IMPORTING STONES? MAKES NO SENSE!

WHILE THE PROFESSORS ARE TALKING, CHINESE AND INDIAN BUSINESS PEOPLE ARE LOOKING TO ESTABLISH FACTORIES. WE NIGERIANS ARE STILL SLEEPING AND MAKING THE BLAME GAME! TALK IS CHEAP. LET US GET NIGERIANS TO PRODUCE! COMMON SENSE!

CHECK WHAT YOU ARE PUTTING ON NOW - YOUR SHOE MADE IN ITALY, YOUR SHIRT IN UK, YOUT SUIT IN INDIA, YOUR TIE IN BANGLADESH, YOUR WRIST WATCH IN TAIWAN, YOUR HUMAN HAIR IN BRAZIL, YOUR UNDERWEAR IN THAILAND. YOU HAVE JUST RELAXED WITH NICE FRUIT JUICE MADE IN SPAIN AND YOU ARE WATCHING DSTV COURTESY OF SOUTH AFRICA. FINALLY, THE DIVIDENDS ON YOUR GSM ENDS UP IN INDIA. NO NATION DOES THIS AND EXPECT HER CURRENCY TO GAIN VALUE. COMMON SENSE.

THE BEST ECONOMICS IS THE ONE THAT MAKES COMMON SENSE. THAT IS WHAT NOBEL PRIZE WINNERS ALLUDE TO. AND I AGREE.

Ripama:
That is an insult to the President of Nigeria. The fact dt you are skillful n knowledgeable in a particular field doesn't me you shud not give honour to whom honour is due. Who is Pat Utomi to av lashed our president. Was it cos he was not made Minister of Finance? kpshew..

shut the Bleep up,who the hell is the president, can't he be rebuked, this is democracy and the president is leading the nation astray he is told to Bleep up.he should sit down,that man knows economy more than ur head and the presidents head combine

archdaura:
it seems aggrieved utomi don turn to wailer for not being appointed the finance minister. its a shame will all your PhD education and exposure addressing the President In fayose manner. next time before u talk olodo prof wailing wailer ;Dit seems aggrieved utomi don turn to wailer for not being appointed the finance minister. its a shame will all your PhD education and exposure addressing the President In fayose manner. next time before u talk olodo prof wailing wailer

What is your problem with PhD éducation now ArchDaura

Ripama:
That is an insult to the President of Nigeria. The fact dt you are skillful n knowledgeable in a particular field doesn't me you shud not give honour to whom honour is due. Who is Pat Utomi to av lashed our president. Was it cos he was not made Minister of Finance? kpshew..

maybe he should be locked up in a cell or something. isn't that the way it is now being done in naijeriya?

KINGwax007:
Even if Pat shld tell the president to go kill himself, I knw he's got reasons. He's pained and embittered. With all his education, he has always struggled to become the president.

That being said...he mustn't blame us when his kinsmen has refused to vote for am

.

Oshogbo weed at work

mazzi:
Buhari is a product of tribal sentiment we have in this country!

This man is not fit to be a local government chairman,but here we are having him as president.

Not fit to be a village head sef talkmore of a chairman

tosyne2much:
Shey you can now see that paper certification is not a true measure of wisdom. One can be a professor and still think like a kingdarten pupil

it never was... and will never be

cos if it were, things would have been a lot diff. now

Certificate is overrated in Africa

How come Fashola told Senate they cannot stop Electricity DICOS from increasing Tarrif. Is he for us or against us?

In this kind of economic situation when a lot of people are struggling to survive. Moreover, the price of diesel has come down.

Why must we pay more? Somebody help

Sunnybobo3:
l

Well, the topic on which he is speaking on is one of the things he knows best.

which topic ?and what knowledge ..If you truly understand; you will know that at the presidential level ,there is no way you can divest economy from politics
.Utomi was rude and politically naive .

babyfaceafrica:
like our PHD ex president contributed...bro....book does not solve these kind of issues

So you feel playing politics with it can solve the problem?. Do you know that the statement made by the President has an impact Either positive or négative to investor confidence. The President should Atleast discuss matters like that with his économic team to weigh the impact of such statements in foreign countries rather than communicating with Nigerians.

Finally, since you brought the excuse of the previous PhD président like most politicians in this government do, the previous Government has done it's part and handed over to the one you trust so bringing up the previous PhD président does not profer solutions to the problem, But keeps duelling on politics of everything rather than common reasoning.

flokii:


tosyne you sef dey see them...

RESPECT no dey their dictionary atal... even if you ain't pleased with his point of view, at least you respect his office & position

that guy doesn't deserve d title 'prof'.. he is a complete IDIOT

Which office?? Nigerian president office has lost its value and prestige since naa... everyone must reap wat they sow..

Until tinubu starts wailing too,all these zombies wont see reason with buhari critics

'd country shud av saved wen it had d supplus but didn't'i no sure dis man na proffesor sef.y cryin at d present govt wen u knw ur aforemention statement is towards d immediate past govt.dis man shud b probe cos it seems is among d yam eater

Dee60:
NIGERIA IS A COUNTRY WHERE YOU ARE DEEMED TO BE AN ECONOMIST BECAUSE, LIKE TRUMP, YOU HAVE ACCESS TO THE MEDIA AND YOU CAN MAKE THE LOUDEST NOISE.

ALL THE PEOPLE SCREAMING DEVALUATION HAVE NOT MADE ANY SENSIBLE ARGUMENT. THEY ONLY CLAIM THAT IT IS ENCOURAGING ROUND-TRIPPING. YET THEY CANNOT PROVE THAT WITH FACTS.

NATIONS DEVALUE THEIR CURRENCY TO ENCOURAGE FOREX INFLOW THROUGH EXPORTS. AND THEN THEY RE-VALUE AGAIN IN THE COURSE OF TIME. IN NIGERIA, NAIRA HAS NEVER (AND I MEAN NEVER) REGAINED VALUE. IT HAS ALWAYS BEEN ONE WAY. FROM 3 NAIRA TO THE DOLLAR, TO 11, TO 18, TO 32, TO 60, TO 98, TO 120. TO 158, TO 199!

IT IS SO, BECAUSE OUR DEVALUATION HAS ALWAYS BEEN TO ENCOURAGE SPECULATORS AND NOT TO ENCOURAGE EXPORTS. OUR OUTPUT OF COCOA, CASHEW, RUBBER ETC HAS NOT INCREASED IN THE LAST 20 YEARS. IN FACT, COMMODITIES LIKE RUBBER AND CASHEW ARE ALMOST EXTINCT. NIGERIA NO LONGER EXPORTS LEATHER. ALL THE PAST DEVALUATION HAVE FAILED TO ENCOURAGE ANY MEANINGFUL LONG TERM INVESTMENT IN PRODUCTION.

NIGERIANS WHO HAVE STORED MONEY ABROAD (SOME FROM DOUBTFUL MEANS) REALLY WANT DEVALUATION - THEY WANT THEIR 1000 DOLLARS TO FETCH THEM 300,000 NAIRA.

CONTNUED DEVALUATION WITHOUT SOLID LOCAL PRODUCTION THAT IS GEARED TOWARDS EXPORTS WILL ONE DAY MAKE YOUR CURRENCY WORTHLESS. COMMON SENSE.

DEVALUATION TODAY WILL MAKE PETROL SELL FOR A MUCH HIGHER PRICE. IS NIGERIA READY FOR THAT? WILL THAT NOT SPARK ANOTHER CRISIS? COMMON SENSE!

STOP SPENDING YOUR DOLLAR EARNINGS ON 'ANYTHING MADE IN CHINA' LIKE HUMAN HAIR, TOOTHPICKS, CHAMPAGNE AND WATCH YOUR CURRENCY GAIN VALUE. COMMON SENSE!

NIGERIA IS THE WORLD'S LARGEST IMPORTERS OF CHAMPAGNE AND BEAUTY PRODUCTS. WE ARE SURROUNDED BY WATER BUT WE IMPORT FISH ALL THE WAY FROM CHINA AND SOUTH AMERICA. YOU CANNOT CONTINUE WITH THAT AND EXPECT YOUR CURRENCY TO GAIN VALUE. COMMON SENSE!

SINCE THE CBN PLACED RESTRICTIONS ON 42 ITEMS, FACTORIES HAVE SPRUNG UP TO MAKE TILES LOCALLY. THERE ARE OTHER EXAMPLES. THAT WOULD NOT HAVE HAPENNED WITHOUT A POLICY TO CURB SENSELESS IMPORTS. HOW CAN WE BE SURROUNDED BY ROCKS AND YET BE IMPORTING STONES? MAKES NO SENSE!

WHILE THE PROFESSORS ARE TALKING, CHINESE AND INDIAN BUSINESS PEOPLE ARE LOOKING TO ESTABLISH FACTORIES. WE NIGERIANS ARE STILL SLEEPING AND MAKING THE BLAME GAME! TALK IS CHEAP. LET US GET NIGERIANS TO PRODUCE! COMMON SENSE!

CHECK WHAT YOU ARE PUTTING ON NOW - YOUR SHOE MADE IN ITALY, YOUR SHIRT IN UK, YOUT SUIT IN INDIA, YOUR TIE IN BANGLADESH, YOUR WRIST WATCH IN TAIWAN, YOUR HUMAN HAIR IN BRAZIL, YOUR UNDERWEAR IN THAILAND. YOU HAVE JUST RELAXED WITH NICE FRUIT JUICE MADE IN SPAIN AND YOU ARE WATCHING DSTV COURTESY OF SOUTH AFRICA. FINALLY, THE DIVIDENDS ON YOUR GSM ENDS UP IN INDIA. NO NATION DOES THIS AND EXPECT HER CURRENCY TO GAIN VALUE. COMMON SENSE.

THE BEST ECONOMICS IS THE ONE THAT MAKES COMMON SENSE. THAT IS WHAT NOBEL PRIZE WINNERS ALLUDE TO. AND I AGREE.

Absolutely!

[quote author=onoja12 post=42593549]shut your trap,what do you know about economics,devaluation makes things cheaper for those who buy raw material and very expensive for those who buy the finished goods.to buy goods you first have to convert your money to dollar,if you were using 200naira to buy one dollar,now you have to bring 300 naira to buy the same dollar please tell me how those it help you.i had to use simple mans terms because people like you with your big grammer dont ever know anything just to wail


Your case is irredeemable. Kindly return your economics degree, if you've been awarded one already

Idiot that ran down Volkswagen and Bank PHB. Afin bukuru.

crixtex:

Which office?? Nigerian president office has lost its value and prestige since naa... everyone must reap wat they sow..

Alright

then I guess you also have d bliv that Nigeria will be great again..

We are running out of stock please print more forms.....

babyfaceafrica:
Quiet not quite..oga OP.............Professor Utomi should stick to what he knows best........academically sound,but politically naïve!!!!...God bless Nigeria

look at this one. What do you know about politics?

Utomi was talking about the political implication of that statement mum.uhari made because the world was listening and political decisions like that have feedback effect and economic implications.

Its embarassing that some of you are so dumb to a fault. I mean so in your mind mum.uhari is more sound politically than Utomi. Guy abeg shift

flokii:


Alright

then I guess you also have d bliv that Nigeria will be great again..

Yep... Nigeria is/will always be great... buh we must embrace love and truth and justice... if not, we will kip going in circles. ...

babyfaceafrica:
Quiet not quite..oga OP.............Professor Utomi should stick to what he knows best........academically sound,but politically naïve!!!!...God bless Nigeria

I would have insulted you now. However, let me keep my cool. #TALK_WITH_SENSE

When people are too cerebral, they forget that the only perfect place for them is the lecture theatre- economic politics is quite different, and it quite nice his wealth is generated from lectures-

Prof we are in the applied world and box analysis, does no work in this kind of world of ours- it only works In a place were you get to a train station to board a train at 7am and you actually meet it there at 7am

babyfaceafrica:
Quiet not quite..oga OP.............Professor Utomi should stick to what he knows best........academically sound,but politically naïve!!!!...God bless Nigeria

this is not politics, its economics..... Last time I checked, Baba failed economics with F9.

flokii:


it never was... and will never be

cos if it were, things would have been a lot diff. now

Certificate is overrated in Africa

Very overrated bro. Certificate is more worshipped than the holder himself

Pat Utomi take on devaluation.