herbie27:
Devaluation of any currency has advantages and disadvantages bt with the best brains in an economy devaluation works and that's why is the last resort in dis situation.

Lagarde is good and that's why she occupies that position.

He shld have asked the Chinese government how they handled their currency devaluation wen ever they do so.

Kemi knows nothing, Emefiele is docile while the president is adamant to take advice wen he failed economics.

No strong economic team.

Kemi knows nothing indeed, have you checked recent statistics of IGR of states where Ogun is one of the most improved states in IGR generation? That is the woman responsible.

The earlier we accept the fact that these whites are not that brilliant than our own people, the faster we will develop.

Your thoughts here are what the west have been using to advantage of us. They made us believed we know nothing which are lies.

The slave master talking.

i have a feeling that at the end. we will go back to IMF and still devalue the currency. currency is devalue by market force and you can't escape it.

Sunofgod:
If Buhari doesn't do what the 'Jews' IMF tell him to do he'll be in trouble....big trouble!




(the 'Devil's Jews Agent' in action - see her face self!)

[img]http://www4.pictures.zimbio.com/gi/Ngozi+Okonjo+Iweala+IMF+Managing+Director+ylila4V5E4Ul.jpg[/img]

you are a rat for calling jews when mohammad is ur problem

musicwriter:
Next thing the IMF will do is make our situation worse than is now, until the Nigerian masses go to the street to protest against the government. Then, both IMF, USA, world bank, would say ''I told you so''. Then, they would start funding stooge opposition party to bring down the Buhari government. They'll not rest until Buhari succumb to pressure or they over-throw him. That's how they operate.

This's no conspiracy theory. It has been used in Argentina, Russia, Iran, Zimbabwe, Indonesia, e.t.c, e.t.c.

Watch out Africans!.

that is why i fear for buhari.

modath:


I'm not worried, i believe china too won't sit back , fold their hands & allow the west continue to undermine their interests..... They invited Nigeria over, it wasn't just a back alley chance meeting.

Awa black Jews will change tune, soon as ease of doing biz is strengthened, that one is more important than one yeye ai-em-efu, money gats to be made.

But the Jews are refusing rail project o, can they surely overcome their bitterness with PMB? Well let's see how it goes

Goke7:


Kemi knows nothing indeed, have you checked recent statistics of IGR of states where Ogun is one of the most improved states in IGR generation? That is the woman responsible.

The earlier we accept the fact that these whites are not that brilliant than our own people, the faster we will develop.

Your thoughts here are what the west have been using to advantage of us. They made us believed we know nothing which are lies.

Ngozi is a better brain than Kemi.

And internally generated revenue has nothing to do with Kemi, guy plz!, am not a dunce.

Goke7:


Honestly am not too scared, what scares me is how divided Nigerians are in terms of religion and ethnicity, this is what the west can take advantage of to wreck us. But if we can just forget about last year elections and stand with PMB, the west won't succeed.

The greatest beneficiaries of the China deal are presently from the region that antagonises the present govt the most. They need to get wiser now, the yuan deal is in their favour

i can assure you their number one tool will be this ipod wahala. And i fear the ipods will fall for their tricks thinking they would be better off.

IMF = International manipulation fund:

How the world bank and the imf destroy africa: http://www.africaw.com/how-the-world-bank-and-the-imf-destroy-africa

IMF and USA set to ruin Ghana - Craig Murray: https://www.craigmurray.org.uk/archives/2015/06/imf-and-usa-set-to-ruin-ghana/

All these because we are romancing China...LWKM.
These west and their outdated neo colonialist institutions. If we embrace Flexible exchange rates, what is our productive capacity presently to counter the adverse effect of this exchange rate regime. They told Babangida Regime and Sonekan same thing and the scar is still on naira till today. PMB has people around him to know better than to dance to the tune of IMF. When i was in school, we use to study IMF conditionalities and even now, these conditionalities have not changed, just that liberal marriage law(same sex marriage has been added). Like i keep saying, let us manage our economy our own way. China did it, they are creditor to US today. UAE did it, they have become the 8th wonder of the modern world., Japan has done it and they are still doing it, why not Nigeria? Is IMF afraid of the outcome, the freedom the development after these economic wilderness? We have too many professors in this government not to have considered this option in the first place. The colonial master want to continue the plundering that left african continent in the mess we are today. Madam IMF should leave us alone.
#GODBLESSNIGERIA#

Sunofgod:
If Buhari doesn't do what the 'Jews' IMF tell him to do he'll be in trouble....big trouble!




(the 'Devil's Jews Agent' in action - see her face self!)

[img]http://www4.pictures.zimbio.com/gi/Ngozi+Okonjo+Iweala+IMF+Managing+Director+ylila4V5E4Ul.jpg[/img]

you are unwise to cal jews ..why not blame the witch in your vilage

musicwriter:


Mr. Joe Stiglitz (an American) was a former world bank chief economist, and he didn't like what was going on between the IMF, world bank and poor countries. After all efforts to get his organization to change their exploitative ways of doing business, he was fired. Then, he went to the press.

Here is Joe Stiglitz's world bank and IMF's 4 steps to poverty http://www.africason.com/2014/08/world-bank-and-imfs-4-steps-to-poverty.html

You have a choice to educate yourself now or remain forever dumb.

The world bank and IMF are nothing but neo-colonial instruments to keep on exploiting third world countries. They've done more harm than good in most countries. See below for details.

A Typical Example of How the World Bank and IMF Made Ghana Poorer.
http://www.africason.com/2014/08/typical-example-of-how-world-bank-and.html

How The World Bank and IMF Control Poor Nations
http://www.africason.com/2014/08/how-world-bank-and-imf-control-nations.html

IMF and World Bank Are Major Cause of Poverty in Africa.
http://www.africason.com/2014/08/imf-and-world-bank-are-major-cause-of.html

Poor Countries Have Paid More Money to IMF and World Bank Than They Borrowed
http://www.africason.com/2014/08/poor-countries-have-paid-more-money-to.html

Revealed!!. World Bank and IMF's 4 Steps To Poverty - by renegade world bank staff!.
http://www.africason.com/2014/08/world-bank-and-imfs-4-steps-to-poverty.html

How World Bank and IMF Riped-Off Poor African Countries.
http://www.africason.com/2014/08/how-world-bank-and-imf-rip-off-poor.html

World Bank Structural Adjustment Program (SAP) Destroyed African Economies.
http://www.africason.com/2014/08/world-bank-structural-adjustment.html

World Bank and IMF; Agent of Poverty or Development?
http://www.africason.com/2014/08/world-bank-and-imf-agent-of-poverty-or.html

The World Bank and The Development Delusion.
http://www.africason.com/2014/08/the-world-bank-and-development-delusion.html

IMF and World Bank: Puppets of Few Rich Nations.
http://www.africason.com/2014/08/imf-and-world-bank-puppets-of-few-rich.html

IMF and World Bank: Neo-Colonial Tool to Exploit Third World Countries.
http://www.africason.com/2014/08/imf-and-world-bank-neo-colonial-tool-to.html

The IMF and World Bank Help Keep Africa Dependent on More Loan.
http://www.africason.com/2014/08/the-imf-and-world-bank-help-keep-africa.html

IMF Misleads the World With Rhetorics and PR on Poverty Reduction in Africa.
http://www.africason.com/2014/10/imf-rhetorics-and-pr-on-poverty.html

And your government knew all these your fact and decided to go seek for loan from the IMF?.

You can forever remain dumb with your internet false stories or believe that your nation needs more than adding yuan to its reserve and nt plan for exportation of other things to favour it's unfavourable balance of payment.

****

Am sure your allegiance is with biafrat going by your previous posts so am not surprized that you want buhari to fall and Ngeria to fail.

herbie27:
Ngozi is a better brain than Kemi.

And internally generated revenue has nothing to do with Kemi, guy plz!, am not a dunce.

herbie27:
And your government knew all these your fact and decided to go seek for loan from the IMF?.

You can forever remain dumb with your internet false stories or believe that your nation needs more than adding yuan to its reserve and nt plan for exportation of other things to favour it's unfavourable balance of payment.

If Nigeria went to IMF for loan, why is Buhari against the loan?. Please let me know.

What do you expect from a slave master. Cheap blackmail. My concern is the Nigeria people. Can we unit and develop this country? She has tried to pressurize the president to devalue the naira, that did not work. Now she has resort to blackmail.
My question has always been on who's interest to devalue? A nation that import virtually everything except air. In addition to that we are bedeviled with greedy political class. IMF please, help us to recover our loot!

hadura29:


You're not making sense Ma...

simply means, there is no choice in the matter.... Devaluation is inevitable.

vicadex07:
Youre worse than a dunce...you this lowlife oyinbo assliker.

Am sure your allegiance is with biafrat going by your previous posts so am not surprized that you want buhari to fall and Ngeria to fail.

I won't report dis ur insult cos am nt pained at all, the truth jst hurt you and intellectually your nt good.

To prove that you knw nothing.

Internally generated revenue is the income that state generate over a period of time from production, business activities, and services.

Do you even knw wat ur saying to mention Kemi here?.

stevecantrell:
Nigeria is always a test-case for this people..if Buhari succeeds with this, other African countries will follow and that is bad business for the IMF.

They do their utmost to stop it from working.

Best comment of the year!! Your head is screwed on tight brother!!

Okijajuju1:


Figuratively darling..

Wetin? Madame lagarde looks like she is no slouch in that department. Just sayin'

Chubhie:
I love this developing mind games between buhari and the west.

Just as someone else said, IMF and the West are simply terrified we are on the right track to fixing this using home grown mechanisms.

They know the wider implication of us succeeding without their inputs- other struggling African economies would likely adopt our strategies rendering them less potent in deciding the trends in our domestic affairs.

musicwriter:


If Nigeria went to IMF for loan, why is Buhari against the loan?. Please let me know.

I can't believe that you who seem to knw it all doesn't knw the answer to ur own question because you run to the internet to gather information and doesn't knw how economics works....it's a shame!.

Every international monetary organisation or even local have its conditions for giving out loans.

Jst as nations have conditions for giving other nations loans.

You seeks for the one who's terms and conditions are favourable.

Buhari went to the IMF for a laon and didn't like it's terms so he bailed out, he even invited her over for advice and she gave him.

Guy!, go and read your books and stop quoting me cos i will school you.

repogirl:
simply means, there is no choice in the matter.... Devaluation is inevitable.

What if the Nigerian youths are ready to industrialize the country so as not devalue the currency... save more and buy what we produce?

What if we are ready to fix it once and for all so that we can end this western slavery?...

We don't have to devalue, how many people are still complaining?

Have you noticed that we've been on this devalue thing and the country is still holding strong?

Have you noticed that people are beginning to realize that there are a lot of rot in the system?

And lastly, do you work with imf?...

Some of your ignorant people commenting here that we should devalue. I really question yall level of intelligence when it comes to economics

Are you guys aware that the devaluation suggested by IMF have nothing to do with market forces determining the value of the naira..Rather the rapid devaluation is go more to do with deliberate artificial manipulation by IMF to make us devalue in order to create hardship in nigeria.

saudi, uae, Kuwait, (and all this Arab evil countries ) why is the IMF not going to meet them to devalue the current becos of low oil price. Is it not the same oil we sell?


Look, this whole thing about sudden drop in the oil price is at a result of artificial manipulation by western institutions aka slave masters to target certain countries in to further poverty. Nigeria is also included.

Notice the oil producing countries the whole thing is affecting. Russia, Iran , vezulaza , etc. ...This are countries western countries want to bring down into poverty

WHAT IF I TELL YOU THAT BOKO HARAM IS FUNDED AAND CREATED WHY AMERICA AND OTHER WESTERN COUNTRIES,.

I have evidence to prove this. America have long been finding ways to divide nigeria by 2015. The plan dis not work and they now decide to use terrorism to achieve the goal along side with IMF

Nigerians need to wake up before this evil people destroy us.

what we need now is unity among ourselves to solve our problem rather than going to meet the white man

herbie27:
Devaluation of any currency has advantages and disadvantages bt with the best brains in an economy devaluation works and that's why is the last resort in dis situation.

Lagarde is good and that's why she occupies that position.

He shld have asked the Chinese government how they handled their currency devaluation wen ever they do so.

Kemi knows nothing, Emefiele is docile while the president is adamant to take advice wen he failed economics.

No strong economic team.

[b]
I laugh when I read contributions like this.

Are there no eggheads and technocrats in the top echelon of the Ministry of Finance?

Kemi knows nothing yet Ogun State, her past stomping ground makes substantial IGR?

Or you think you are more intelligent than Emefiele?

You guys always try to personalise issues by so doing defeating your defence.

This issue is a matter of choice, and the government has chosen what it considers the lesser evil.

At present, you would have connected people probably benefiting from round tripping. Yet, that is less painful for the masses than devaluation of a currency leading to a Zimbabwe-esque situation.

Runaway inflation is nothing the masses can bear. So tightening trousers, getting forex for only the essentials appears to be the thrust of our policies.

The present government is betting on its vaunted and expected ability to provide infrastructure, the backbone for enterprise.

They feel there's nothing to gain by devaluation other than having vultures feast on our basic industries and materials.

In the often cited Nigerian maxim " who devaluation don epp"?

Please provide reasons why we must devalue our currency, how it is beneficial to the common man, how it impacts his take home pay, access to basic health care and infrastructure and how it promotes local enterprise. Perhaps then we can begin to accept it as the right alternative. [/b]

omenka:
Just as someone else said, IMF and the West are simply terrified we are on the right track to fixing this using home grown mechanisms.

They know the wider implication of us succeeding without their inputs- other struggling African economies would likely adopt our strategies rendering them less potent in deciding the trends in our domestic affairs.

I'm always for leaders who can tell Amelica to their faces to shove their economic blueprints to their ass and then matches such with actions. If I'm Mr President I won't go to China but shut down our borders and tell the citizens it's either we thrive in this harsh conditions or die. With all the human and natural resources in Nigeria, You will see the beauty and true spirit of Nigerians.

Our solutions lies within. not in the East or West. Buhari first needs to go on reconciliation moves across the aggrieved 5%. No family divided against itself can proper.

No one cares what the IMF wants, PMB should do the right thing for Nigeria and ALL Nigerians

ojuolu:
All these because we are romancing China...LWKM.
These west and their outdated neo colonialist institutions. If we embrace Flexible exchange rates, what is our productive capacity presently to counter the adverse effect of this exchange rate regime. They told Babangida Regime and Sonekan same thing and the scar is still on naira till today. PMB has people around him to know better than to dance to the tune of IMF. When i was in school, we use to study IMF conditionalities and even now, these conditionalities have not changed, just that liberal marriage law(same sex marriage has been added). Like i keep saying, let us manage our economy our own way. China did it, they are creditor to US today. UAE did it, they have become the 8th wonder of the modern world., Japan has done it and they are still doing it, why not Nigeria? Is IMF afraid of the outcome, the freedom the development after these economic wilderness? We have too many professors in this government not to have considered this option in the first place. Madam IMF should leave us alone.
#GODBLESSNIGERIA#

In the 21st century world that we live in, you are either inventing something or you are a source of raw material. Look at the list of countries with highest foreign savings. Majority are innovators; China, japan, india, hong kong, south korea etc. Many of these countries have very limited raw materials but they import the raw materials, refine, invent them into finished products for other countries to consume. America as at today is the largest economy in the world with an estimated value of $18 trillion, a debt of $13 trillion and a reserve of just $110 billion. Its economy is 50 percent service based, compared to the chine and japanese who manufacture everything the world consumes. Both have reserves worth $3.4 trillion and $1.5 trillion respectively. In all of these, where does africa with all its resources belong? A continent with huge mineral deposits, but majority of its people languishing in stone dearth poverty. Years of absorbing IMF policies, this is all we have to show for it. China/East or West, we none cares about our well being or development. All that matters to them is our resources. A rapid development of the continent is bad news both ways. But ask me to chose between the two, i will walk east, armed with a huge reminder board on my chest saying "Tread Softly".

herbie27:
I can't believe that you who seem to knw it all doesn't knw the answer to ur own question because you run to the internet to gather information and doesn't knw how economics works....it's a shame!.

Every international monetary organisation or even local have its conditions for giving out loans.

Jst as nations have conditions for giving other nations loans.

You seeks for the one who's terms and conditions are favourable.

Buhari went to the IMF for a laon and didn't like it's terms so he bailed out, he even invited her over for advice and she gave him.

Guy!, go and read your books and stop quoting me cos i will school you.

Those conditions you spoke about is what the exploitation is all about. That's one.

Also, for your information, the IMF and world bank also doesn't necessarily wait for countries as they're perpetually lobbying for business opportunities in third world countries. As you noted they're like banks or what you called (international monetary organizations). Banks everywhere in the world constantly lobby well-to-do companies or individuals to take loans. That's what the IMF and world bank do- which is why Ms. Largade have been all over the country meeting with from Genevieve to Orji Kalu or anybody that matter to buy her proposal.

You have nothing whatsoever to offer on this debate.

herbie27:
Lagarde is good and that's why she occupies that position.
.

Wrong: She is there because America will not allow a non westerner to occupy the position. Google it

To those that do not really understand why the IMF is not necessarily looking out for our best interest, see the paragraph below:

femiakinbully:
.....
“If that doesn’t happen, we would continue to see the dual exchange rate, and putting in place a list of those product and services that are forbidden in Nigeria for import purposes, cannot be a substitute to a more flexible exchange rate.”



https://www.thecable.ng/imf-asks-buhari-change-forex-policy

They would rather have us devalue the Naira so that people can suffer instead of stopping some foreign imports that will affect their darling countries. NO.

Even if we end up devaluing the Naira we still need to proceed with stopping some imports!

Benikuuse:
I don't want to read that note but all i know is buhari Government is doing try and error, but i believe things will be better

If 1 + 1 = 3 the Buhari is right. Unfortunately, its 2. Buhari's economics policies are bad. Soludo, Sanusi and Utomi have all condemned them.

The persistent petrol scarcity is all his fault because their is no forex for the oil marketers to import petrol due to Buhari's forex restrictions. The economy is doomed.

rusher14:

[b]
I laugh when I read contributions like this.

Are there no eggheads and technocrats in the top echelon of the Ministry of Finance?

Kemi knows nothing yet Ogun State, her past stomping ground makes substantial IGR?

Or you think you are more intelligent than Emefiele?

You guys always try to personalise issues by so doing defeating your defence.

This issue is a matter of choice, and the government has chosen what it considers the lesser evil.

At present, you would have connected people probably benefiting from round tripping. Yet, that is less painful for the masses than devaluation of a currency leading to a Zimbabwe-esque situation.

Runaway inflation is nothing the masses can bear. So tightening trousers, getting forex for only the essentials appears to be the thrust of our policies.

The present government is betting on its vaunted and expected ability to provide infrastructure, the backbone for enterprise.

They feel there's nothing to gain by devaluation other than having vultures feast on our basic industries and materials.

In the often cited Nigerian maxim " who devaluation don epp"?

Please provide reasons why we must devalue our currency, how it is beneficial to the common man, how it impacts his take home pay, access to basic health care and infrastructure and how it promotes local enterprise. Perhaps then we can begin to accept it as the right alternative. [/b]

My brother you shld have checked my previous post 4 a better understanding of my view....i threw lights on devaluation so he would understand.

Kemi has nothing to do wit Ogun state IGR because she's nt the masses neither is she the governor, jst as she has nothing to do wit either Lagos state which has the highest IGR nor Rivers state that has the second largest IGR.

The IGR is the income that accrue to the state through its masses who pay taxes and are involved in various stages of production with government activities, Lagos state has the biggest because it's and most industrious region in Nigeria wit it's high population.

I repeat IGR has nothing to do wit Kemi