Nalikedis:
She obviously did not want to publicly declare what has been saved.

mekaboy:
After kemis appointment as finance minister I asked if she was qualified for the post?

Nairalanders as usual turned it to a tribal war, saying it'd because she is Yoruba and not igbo.

We have seen investors flee Nigeria, Inflation rise to 13%, job losses etc.

All this linked to lack of economic direction .

Today she was in an interview and claimed ignorant of a lot of vital figures . This seemed like the channels TV interviewers were more informed than she was on our economy.

My fear and question now is, If you don't have information on the figures of the past and the current excess crude account figures, Then what figures are they planning for the future with?

So there is not future projection ? What figures is this govt planning with?

It seems like this administration is counting on luck. Please someone should tell them that economics works with principles and not luck.

Blamed the previous administration for not saving and also saying they are not saving.



Saying money will be pumped into the economy is not a solution. pumping money into the economy is never a solution as it will end up in the toilet.

The money that will be pumped into the economy is our money and will be spent and disappear.

As long as you don't have foreign investment coming in, we will just consume our money on ourselves or like spending capital feeling ur making progress without making any profit .

obailala:
Fake/exploitative foreign investors don't take their money to places where there is no money; the new ones ignore such a location and the old ones pack their bags and leave. You don't need to be reminded that there is a severe scarcity of funds in Nigeria presently, do you?

Also, with the nation relying on only oil for foreign exchange, I'm sure you don't need an explanation as to why there is a scarcity of forex? When there is a scarcity of a commodity, I'm sure you understand based on the principle of demand and supply, the reason why the value of this commodity goes up?... Finally, with the sky-rocketing cost of obtaining forex especially in an import dependent nation, I'm sure you shouldn't need an explanation to know why the cost of goods and services would go up (inflation)?

obailala:
Fake/exploitative foreign investors don't take their money to places where there is no money; the new ones ignore such a location and the old ones pack their bags and leave. You don't need to be reminded that there is a severe scarcity of funds in Nigeria presently, do you?

Also, with the nation relying on only oil for foreign exchange, I'm sure you don't need an explanation as to why there is a scarcity of forex? When there is a scarcity of a commodity, I'm sure you understand based on the principle of demand and supply, the reason why the value of this commodity goes up?... Finally, with the sky-rocketing cost of obtaining forex especially in an import dependent nation, I'm sure you shouldn't need an explanation to know why the cost of goods and services would go up (inflation)?

mekaboy:


OK, you have stated the problem, now what is your solution? Sit back and watch with hope that things get better someday while people starve to death?

obailala:
Fake/exploitative foreign investors don't take their money to places where there is no money; the new ones ignore such a location and the old ones pack their bags and leave. You don't need to be reminded that there is a severe scarcity of funds in Nigeria presently, do you?

Also, with the nation relying on only oil for foreign exchange, I'm sure you don't need an explanation as to why there is a scarcity of forex? When there is a scarcity of a commodity, I'm sure you understand based on the principle of demand and supply, the reason why the value of this commodity goes up?... Finally, with the sky-rocketing cost of obtaining forex especially in an import dependent nation, I'm sure you shouldn't need an explanation to know why the cost of goods and services would go up (inflation)?

carboblanko:
Very simple explanation. But of course the agents of doom will rather blame Kemi for the current economic crisis.

carboblanko:
Very simple explanation. But of course the agents of doom will rather blame Kemi for the current economic crisis.

kYjelly2:


I'm not even here to argue, but I just want to ask you one simple question:

WHY ARE THEY THERE

As in, why are they in government if you feel its okay to just be listing all our problems everyday, without working on them. We might as well be on auto pilot, no

That's how Adesina blatantly said that those complaining about power should go fight pipeline vandals

So now you feel proud saying scarcity, scarcity, scarcity abi So what is the solution then Or did we elect this government to just simply state all our problems

mekaboy:


OK, you have stated the problem, now what is your solution? Sit back and watch with hope that things get better someday while people starve to death?

Was the APC voted into power to remind Nigerians of the problems and who is to blame or provide solutions?

They knew these problems existed before they came into power. What Nigerians want to know is how did u plan to tackle the problems if you won the elections.

All We see is a sidon they look attitude.

obailala:
Fake/exploitative foreign investors don't take their money to places where there is no money; the new ones ignore such a location and the old ones pack their bags and leave. You don't need to be reminded that there is a severe scarcity of funds in Nigeria presently, do you?

Also, with the nation relying on only oil for foreign exchange, I'm sure you don't need an explanation as to why there is a scarcity of forex? When there is a scarcity of a commodity, I'm sure you understand based on the principle of demand and supply, the reason why the value of this commodity goes up?... Finally, with the sky-rocketing cost of obtaining forex especially in an import dependent nation, I'm sure you shouldn't need an explanation to know why the cost of goods and services would go up (inflation)?

obailala:
There is no way you can solve a problem without establishing and reminding yourself of what the problem is. Also with the suffering masses crying out everyday, and with the dubiously hypocritical opposition (who put us in this mess) spewing balderdash everyday, it becomes inevitable for them to keep announcing and re-announcing what the problem is even whilst they take steps to fix it.

So what are they doing presently?... I do not know, I am not in the govt, but I sure know they aren't sitting back, folding their arms and just watching while things get worse. I believe they are doing something and the bitter truth remains that there is no fast way out of this economic quagmire we find ourselves in today; except of course you want them to come out and start lying to Nigerians.

Finally, the solution to this messy situation is to diversify the economy and diversification can never be done in a day except God himself comes out and does it. In essence, the messy situation will persist for a while, except oil prices miraculously jumps back up. I appear not too bothered because I have a bit of an understanding of the magnitude of the rot and also know it cannot be cleared in a day; you cant feel too disappointed when you don't expect too much.

jaybanfa:
@OP I think we have to change the narrative where foriegn direct investment is seen as the single wonder pill that will solve all of Nigeria's problem...granted it will aid in fast tracking development, I still believe there are vast local and domestic potentials for investments..she i.e Kemi whatshername? Might have goofed but give her the benefit of doubt here abeg, please, ejor, donallah..

Nalikedis:
She obviously did not want to publicly declare what has been saved.

bjdon:


Based on the highlighted part of your statement above, would your agree that Mr President, by his refusal to devalue the Niara, does not understand basic economics?

bjdon:


Based on the highlighted part of your statement above, would your agree that Mr President, by his refusal to devalue the Niara, does not understand basic economics?

olorunda68:
it has been settled, the naira will never be devalued officially. Devaluation will not increase our forex income rather it will bring untold hardship on the populace. so find a means of curing your devaluation fixation!

obailala:
Oh yeah right! There is a difference between textbook economics and real life economics. Mr President doesn't need to conform to your basic economics because what we talking about here is way beyond basic economics. Since 1986, Nigeria has been devaluing its currency at every opportunity when 'basic economics' calls for it. From the lessons learnt from history, not a single time, not once has this basic economics worked for Nigeria or given us any positive result. So please tell me, what is the value of this basic economics to Nigeria and why should the president dwell on it?

Misterdhee1:
Why the wailings?? If she talks too much now, una go deh look for her mistakes, nd turn her into "the second lai Mohammed".. .. At the Right time, the facts nd figures would be made public..

mekaboy:


In other words auto pilot is the best solution abi?

obailala:

So what are they doing presently?... I do not know, I am not in the govt, but I sure know they aren't sitting back, folding their arms and just watching while things get worse. I believe they are doing something,except of course you want them to come out and start lying to Nigerians.

mekaboy:


I was once like u, hoping they were doing something about it till lai Mohammed showed us exactly what they were doing about the unemployment situation. Suggesting dressing masquerade while their relatives are working in CBN.

bloodyBLOGGER:
How one masquerade can create jobs for 1000 people
www.nairaland.com/3083962/lai-mohammed-masquerade-create-jobs
When I opened the above thread where Alh Lai Mohammed made a statement that one masquerade can create jobs for 1000 people, I was surprise by the comments that came from people about the statement. The comments showed how poor the intelligence of the Nigerian youth is as they made a jest of his statement, some out of ignorance while others were mostly out of hate for the man cos he belongs to a party that kicked their own party out of power thereby blocking all corrupt avenues they were reaping from e.g ghostworker salary.
A very intelligent mind would have scrutinized the statement very well and would have realised the lack of need to criticize but attest to the idea. But these people suffering from post-election trauma lack the capacity to reason in such a sophisticated manner, hence their open show of the illiteracy bestowed on them by 16yrs of rot.
Now, to the statement "one masquerade can employ 1000 people". How is this achievable? Shallow minds would expect that the single masquerade will open a company and send out job adverts for unemployed youths like them to apply. Such is hardly the case.
A festival for masquerades is quite an opportunity for businesses to thrive, but our problem is that we have been very myopic by doing things the same way and expecting different results. Let's say such festival spans for 2weeks; below are the opportunities it can open if we truly value such culture as much as to transform its festival by investing heavily in it.
First, each masquerade can be endorsed or branded by a corporate company thereby having the masquerade's attire designed to show the logo of the company e.g GUINNESS. That will fetch the masquerade some big box in tune of millions. The ordinary masquerade of yesterday with just 2 drummers can now employ a trumpeter, a keyboardist, a flutist and any modern musical instrument player(remember, we are doing it in a different way this time around).
Once Nigeria Breweries see that Guinness is keying into the idea, they too might decided to sponsor a group of masquerades who are also going to have their own band. With top bottling companies present at an event that could witness up to a hundred thousand viewers, be sure to have drinks flowing. That's where female ushers come in. Campus girls can take that role which gives them a job experience to write in their CV.
MTN or Airtel might jostle to be the event's official network. This might make them to consult an outsourcing firm to help recruit new hands for a contract job to cover the event. The attire the workers of these companies will wear to the event will be sewn by some individuals who will have some change to pocket.
With these companies swinging in, the media will beam their light on the event thereby popularising it to the extent of attracting the interest of foreigners who will invest in it.
What if it is done in such a way that the masquerade event is used by mobile phone companies like Slots and 3Chub to showcase their products for sale? The large turnout won't be wasted. Stands will be sold to them as they employ in-store promoters to enlighten customers about the phones. I hope you are putting the pieces together and finally getting the picture.
Now, count the amount of festivals we have in Nigeria, those for masquerades and those for others and imagine them branded or sponsored. It will really be great. Mind you, the famous English premier league EPL started of with some folks kicking a round object, now it has become Barclay's Premier League BPL with so many other sponsors. The same way adidas or a Nike endorses Wayne Rooney is the same way a company in Nigeria or from abroad can endorse chukwuemeka or gbenga who are really the ones behind the mask.
So, before you criticise next time, think deeply.
This post is for intelligent minds alone.
Written by Adewole Segun

Pedrop:



U are not ashamed of urself saying u don't know what a government u are under is doing. As a zombie, u couldn't even tell lies and give just a single policy to cover up for the clueless government u support.


U are a citizen and u can't point to a thing, that this is what ur government is doing to arrest our seriious situation. Keep believing they are doing sthing in ur zombie head.



Please when has this APC government never told lies ? Tell me what month it is they never said a lie and i will tell u 2 lies they told that month.



Next time, don't just say u don't know wat a govt u support is doing, u can tag omenka, gbawe, passingshot(dropshot) along to help u with lies. ( My advise to ur personality though)

obailala:
Okay you win, Buhari is not doing anything, he's just sipping kunu and gallivanting around the world while the country runs on autopilot. I'm sure this is exactly what you want to hear, happy now?

You are free to keep wailing till 2019 2023.

mekaboy:
After kemis appointment as finance minister I asked if she was qualified for the post?

Nairalanders as usual turned it to a tribal war, saying it'd because she is Yoruba and not igbo.

We have seen investors flee Nigeria, Inflation rise to 13%, job losses etc.

All this linked to lack of economic direction .

Today she was in an interview and claimed ignorant of a lot of vital figures . This seemed like the channels TV interviewers were more informed than she was on our economy.

My fear and question now is, If you don't have information on the figures of the past and the current excess crude account figures, Then what figures are they planning for the future with?

So there is not future projection ? What figures is this govt planning with?

It seems like this administration is counting on luck. Please someone should tell them that economics works with principles and not luck.

Blamed the previous administration for not saving and also saying they are not saving.



Saying money will be pumped into the economy is not a solution. pumping money into the economy is never a solution as it will end up in the toilet.

The money that will be pumped into the economy is our money and will be spent and disappear.

As long as you don't have foreign investment coming in, we will just consume our money on ourselves or like spending capital feeling ur making progress without making any profit .

Pedrop:



U are not ashamed of urself saying u don't know what a government u are under is doing. As a **** u couldn't even tell lies and give just a single policy to cover up for the clueless government u support.


U are a citizen and u can't point to a thing, that this is what ur government is doing to arrest our seriious situation. Keep believing they are doing sthing in ur **** head



Please when has this APC government never told lies ? Tell me what month it is they never said a lie and i will tell u 2 lies they told that month.



Next time, don't just say u don't know wat a govt u support is doing, u can tag omenka, gbawe, passingshot(dropshot) along to help u with ****. ( My advise to ur personality though)