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Nairaland Forum / Nairaland / General / Politics / Buhari Should Keep Quiet – Pat Utomi (7253 Views)
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Re: Buhari Should Keep Quiet – Pat Utomi by myopinion2011: 10:39am On Feb 22, 2016 |
ibisko04:sorry my bro, d workings of international Finance has eluded u, you and your president Buhari are illiterates in dis context. What Utomi and a few concerned Nigerians stand for is that only devaluation will FORCE Nigerians to real production as u av mentioned above. If u don't understand how it works, call an economics teacher or see me after class. |
Re: Buhari Should Keep Quiet – Pat Utomi by ibisko04: 12:12pm On Feb 22, 2016 |
myopinion2011: Thank you sir. Any how you want to see it, let us go back to productive economy and do away with this import depending nonsense. But devaluation of naira is not what will propelled the people to produce goods and services that are needed locally. |
Re: Buhari Should Keep Quiet – Pat Utomi by myopinion2011: 12:46pm On Feb 22, 2016 |
ibisko04:it is my bro. demand is a function of price. d higher d price d lower d demand, as we were taught in secondary education. if naira is devalued, the price of imported goods will be high. take for example d price of rice might be as high as 30,000 per bag, you as a rational consumer will want to buy the rice produced locally which might be cheaper compared to rice imported. if importers see dey are no longer patronize, they will stop exporting our jobs. this is a wide topic, many don't understand.08132366020 for detail explaination. |
Re: Buhari Should Keep Quiet – Pat Utomi by ibisko04: 7:01pm On Feb 22, 2016 |
myopinion2011: Good explanation my teacher. Still, devaluation of our currency is not a catalyst to being productive. It will only make dollars go higher than expected. The system will correct itself as we are going without officially devaluing naira further down. |
Re: Buhari Should Keep Quiet – Pat Utomi by PassingShot(m): 7:10pm On Feb 22, 2016 |
myopinion2011:So, why do you and myopic people like you have a problem since naira has devalued itself? Why the need to devalue it officially again since that has already happened? 1 Like |
Re: Buhari Should Keep Quiet – Pat Utomi by paramakina202: 7:28pm On Feb 22, 2016 |
presharthur: You rather shut d hell up UTOMİ!When Nigerians were asking for Buhari certificate you asked them to keep quite and face issues. |
Re: Buhari Should Keep Quiet – Pat Utomi by Nobody: 9:40pm On Nov 13, 2016 |
Eeee |
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