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Nairaland Forum / Nairaland / General / Politics / Nigeria Dismisses Calls For IMF Solution To Nigeria’s Economic Challenges (15222 Views)
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Re: Nigeria Dismisses Calls For IMF Solution To Nigeria’s Economic Challenges by sweetgala(m): 3:52pm On Apr 16, 2016 |
KINGwax007: It was always going to happen at some stage. I'm happy S.Arabia and OPEC stood strong in the face of it all, Shale oil which is the real reason for the drop was never really sustainable and the prices have hit a bottom where most of the companies prospecting are not making a profit. Shale oil reserves are also limited without having to go further down to the earths bedrock We should see oil prices rebound to 50 BPD soon even if Iran join the fray, the political situation would still mean the uptake would be even across board for OPEC members. Nigeria has some extremely rich natural gas deposits and that can be a source of wealth for us, LPG is desired for figuring many power stations as the population of Africa increases demand may increase too 2 Likes |
Re: Nigeria Dismisses Calls For IMF Solution To Nigeria’s Economic Challenges by Nobody: 3:54pm On Apr 16, 2016 |
Spot on Kemi, who have IMF conditionalities helped ? Stay the course. The key is country to country deals. Now that some western economies are scared to see us diversifying into trade related Yuan they are running scared. No to IMF 8 Likes |
Re: Nigeria Dismisses Calls For IMF Solution To Nigeria’s Economic Challenges by sweetgala(m): 3:56pm On Apr 16, 2016 |
enlightenedmind: Until you realise most of the high end items , from electronics to clothing, and miscellaneous items are produced in same China. There is a reason why different grades of items are made in China and it is because manufacture is not regulated, therefore the same station manufacturing an high end product can use substandard materials , poor quality control etc and make a similar product at a cheaper price |
Re: Nigeria Dismisses Calls For IMF Solution To Nigeria’s Economic Challenges by Charles1694: 3:58pm On Apr 16, 2016 |
I wished they had a Facebook account, I would have finished them. FUCKING IDIOTS 5 Likes |
Re: Nigeria Dismisses Calls For IMF Solution To Nigeria’s Economic Challenges by steveneche(m): 3:58pm On Apr 16, 2016 |
TPAND: investors pulling out? Data source pls.. Mind u China does not make substandard products, rather nigerians go there n order sustandard remodification of every product they import.. We are our own problem 13 Likes 1 Share |
Re: Nigeria Dismisses Calls For IMF Solution To Nigeria’s Economic Challenges by blackpanda: 3:59pm On Apr 16, 2016 |
This Buhari's China trip is really causing America sleepless nights. The fear that we will dump the dollar for the yuan is really a big problem for US. But we wont go back. We refuse to be slaves to people who dont care about us. Not long ago, the presidential aspirant came out to rubbish and insult us. Today they are looking for who will take their loan. To hell with them. It is better to deal with china that puts all its cards on the table and u know what ur getting into. Rather than IMF "greek gift"! 9 Likes |
Re: Nigeria Dismisses Calls For IMF Solution To Nigeria’s Economic Challenges by fejicruz(m): 3:59pm On Apr 16, 2016 |
I wonder by IMF is taking Nigeria's matter personal o. There must be a hidden agenda. We need to eat with IMF with a spoon as long as NEPA pole. 5 Likes |
Re: Nigeria Dismisses Calls For IMF Solution To Nigeria’s Economic Challenges by mildflame: 4:02pm On Apr 16, 2016 |
4k them!!! Let them go look for their puppet 2 Likes |
Re: Nigeria Dismisses Calls For IMF Solution To Nigeria’s Economic Challenges by Menzy86(m): 4:03pm On Apr 16, 2016 |
TPAND:U obviously dont understand anything about international economics/politics. Are u supporting d idea of an IMF loan/devaluation? 4 Likes |
Re: Nigeria Dismisses Calls For IMF Solution To Nigeria’s Economic Challenges by shamecurls(m): 4:04pm On Apr 16, 2016 |
China all the way...... 2 Likes |
Re: Nigeria Dismisses Calls For IMF Solution To Nigeria’s Economic Challenges by Nobody: 4:06pm On Apr 16, 2016 |
Menzy86: What do you understand about it? 1 Like |
Re: Nigeria Dismisses Calls For IMF Solution To Nigeria’s Economic Challenges by musicwriter(m): 4:08pm On Apr 16, 2016 |
Mrs. Adeosun emphasised that what the country is passing through is surmountable, adding that government is already applying a cocktail of measures to address the problem. This's how African leaders should talk to white people. AUTHORITATIVELY!. You can't believe the panic in IMF and world bank headquarters now that it's clear we will not bulge. And their fear is that "if Nigeria find a way to solve our economic crises, it would become a model for other third world countries" to copy. The years of slavery, colonialism, monkey de work baboon de chop, is over!. For the first time I'm very proud of this woman. We will solve our problems for and by ourselves. 13 Likes 1 Share |
Re: Nigeria Dismisses Calls For IMF Solution To Nigeria’s Economic Challenges by Nobody: 4:08pm On Apr 16, 2016 |
TPAND: Why wait? The Nigerian market has been flooded with their products for a long time now. The top export destinations of Nigeria are: India ($12.4B), the United States ($10.9B), Brazil ($9.7B), Spain ($7B) and the Netherlands ($5.12B). The top import origins are China ($11.6B), the United States ($5.89B), the Netherlands ($3.59B), Belgium-Luxembourg ($3.08B) and India ($2.69B). 2 Likes |
Re: Nigeria Dismisses Calls For IMF Solution To Nigeria’s Economic Challenges by Nobody: 4:09pm On Apr 16, 2016 |
Secondary school minister |
Re: Nigeria Dismisses Calls For IMF Solution To Nigeria’s Economic Challenges by Fourwinds: 4:11pm On Apr 16, 2016 |
TPAND:Since we have been running to IMF., how is d economy..have they better d economy. so IMF should leave us alone...we are with d Chinese now OK 5 Likes |
Re: Nigeria Dismisses Calls For IMF Solution To Nigeria’s Economic Challenges by mildflame: 4:12pm On Apr 16, 2016 |
sweetgala: In a way that why I want the oil price to keep crashing so that their production price will be far above the selling price 1 Like |
Re: Nigeria Dismisses Calls For IMF Solution To Nigeria’s Economic Challenges by Nobody: 4:15pm On Apr 16, 2016 |
modath: Greece adopted the euro in 2001 so what has their old currency got to do with the discussion when the Drachma was replaced by the euro in 2001 LONG before the crisis broke out? **** |
Re: Nigeria Dismisses Calls For IMF Solution To Nigeria’s Economic Challenges by Bawsse(m): 4:16pm On Apr 16, 2016 |
I'm happy that this administration is taking a stand on this... It's our duty as the masses to stand behind them irrespective of ethnic affiliation. 1 Like
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Re: Nigeria Dismisses Calls For IMF Solution To Nigeria’s Economic Challenges by Fourwinds: 4:17pm On Apr 16, 2016 |
Mindfulness:Rubbish ... Since we were with IMF.how had d economy fair.. so we should continue to apply d same method and expect results rite. 3 Likes |
Re: Nigeria Dismisses Calls For IMF Solution To Nigeria’s Economic Challenges by musicwriter(m): 4:19pm On Apr 16, 2016 |
modath: Thank you very much for this wonderful post and links provided. I'll go through each and everyone of them later in the day. Just yesterday one foolish troll was all over the place suggesting we needed the IMF or we die. What he/she don't know is that the IMF and world bank need us more than we need them. 7 Likes |
Re: Nigeria Dismisses Calls For IMF Solution To Nigeria’s Economic Challenges by Nobody: 4:19pm On Apr 16, 2016 |
Mindfulness:I like ur logics bt trust me Zombies will come for ur head like a plague. Imagine some1 saying that IMF was lobbying Genevieve and Orji to take loans as if they are members of the IMF |
Re: Nigeria Dismisses Calls For IMF Solution To Nigeria’s Economic Challenges by enlightenedmind: 4:19pm On Apr 16, 2016 |
sweetgala: I am saying the loan does not force us to import. It only provides a convinient 'where' IF WE CHOOSE TO IMPORT. So china can regulate the prices of its imported goods in Nigeria. If we decide to import toothpicks, or machinery, we must give the contract to China. Nobody else is allowed to bid. If we decide not to import no problem. But anything we are importing must be from china. As well it will be favourable for Nigerian exporters to ship to china. |
Re: Nigeria Dismisses Calls For IMF Solution To Nigeria’s Economic Challenges by olutop(m): 4:23pm On Apr 16, 2016 |
LRNZH: |
Re: Nigeria Dismisses Calls For IMF Solution To Nigeria’s Economic Challenges by olutop(m): 4:24pm On Apr 16, 2016 |
lol |
Re: Nigeria Dismisses Calls For IMF Solution To Nigeria’s Economic Challenges by sweetgala(m): 4:25pm On Apr 16, 2016 |
enlightenedmind: We should not be importing toothpicks period, it would be stupid for CBN to lift the list of banned products. Our primary Imports now should be machinery and materials for those who are already involved in manufacturing 5 Likes |
Re: Nigeria Dismisses Calls For IMF Solution To Nigeria’s Economic Challenges by musicwriter(m): 4:25pm On Apr 16, 2016 |
Bawsse: I can't explain how happy I am that "the scales has fallen off the eyes of the Nigerian government and the African people" about the exploitative nature of IMF and world bank. Gradually, we will also learn about the foolery in what we believe to be education that they left us. 4 Likes |
Re: Nigeria Dismisses Calls For IMF Solution To Nigeria’s Economic Challenges by kahal29: 4:29pm On Apr 16, 2016 |
musicwriter: Well said my brother. 4 Likes |
Re: Nigeria Dismisses Calls For IMF Solution To Nigeria’s Economic Challenges by superstar1(m): 4:29pm On Apr 16, 2016 |
it is not by tying African scarf like an ''alatika'' lady. Kemi will deliver. Quote of the year ---- Nigeria is not sick and even if we are, we have our own local remedy 10 Likes |
Re: Nigeria Dismisses Calls For IMF Solution To Nigeria’s Economic Challenges by Nobody: 4:31pm On Apr 16, 2016 |
Fourwinds:If we really don't need the IMF as you said our government would have opted out membership. |
Re: Nigeria Dismisses Calls For IMF Solution To Nigeria’s Economic Challenges by Nobody: 4:34pm On Apr 16, 2016 |
Mindfulness: The IMF has created an immoral system of modern day colonialism that SAPs the poor The IMF along with the WTO and the World Bank has put the global economy on a path of greater inequality and environmental destruction. The IMF's and World Bank's structural adjustment policies (SAPs) ensure debt repayment by requiring countries to cut spending on education and health; eliminate basic food and transportation subsidies; devalue national currencies to make exports cheaper; privatize national assets; and freeze wages. Such belt-tightening measures increase poverty, reduce countries' ability to develop strong domestic economies and allow multinational corporations to exploit workers and the environment A recent IMF loan package for Argentina, for example, is tied to cuts in doctors' and teachers' salaries and decreases in social security payments.. The IMF has made elites from the Global South more accountable to First World elites than their own people, thus undermining the democratic process. You lack foresight, your IMF overlords dont give a single fvck about Africa. They only live to serve wall street and other wealthy countries. 3 Likes 2 Shares |
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