damola311:


Looting never stopped, it still happen in this administration... This is Nigeria man, they are not just load about it.

Of course it has not stopped bro but what good will impeachment do us? In as much as am beginning to have a rethink about Bubu I will forever be grateful for him for opening our eyes to see the state of the economy.

It should be given to China to manage for 15 Years.

for you to think looting has stopped in Nigeria then u must be the biggest fool ever.....looting and Nigeria politicians are 5&6

namuguibe:
*Agriculture
*Strong anticorruption drive
*Promote local industries/manufacturing via tax incentives
*Continuos investment in education and healthcare
*Population control - we born pikin too much in this country.

Birth control should be a serious issue... Earth can house 4-5Billion people but we on 8Billion. With ignorance we wont last as a species for a century and one illiterate will give birth to 8 children



I trust Mother earth.. If it gets too heavy it rains disaster

Government should focus on just three things
1. Electricity generation
2. Bringing in investors so we can manufacture everything we need here
3. Provision of morgages and loans to sme owners all over the country

kahal29:


It won't my brother... That's typical Keynesian Economics. Massive Government expenditure and interventions to salvage the economy.

I sent u a pm bro. There is smth i"d like to discuss with you privately please. Thanks

What is an economy.
An oil economy?

iceberylin:



Birth control should be a serious issue... Earth can house 4-5Billion people but we on 8Billion. With ignorance we wont last as a species for a century and one illiterate will give birth to 8 children



I trust Mother earth.. If it gets too heavy it rains disaster

On point .... we need to procreate more responsibly. In the distant past, you had made kids do help you on the farm. Times have changed now. Only have what you can afford and give proper attention and upbringing to.

Stelvin101:


It will bro because the purchasing power of naira to the outside world is very weak. If government should pump in money right now and we all start living in short-time happiness then it will be like subsidizing the entire nation which is a very terrible risk to take. Naira needs to get some strength on her own and that's what government should focus on by increasing Agricultural productivity and other sector which will enable Nigeria become an exporting economy rather than importing. Pumping in money into the economy at this present state will only reduce the value of Naira more, trust me i know what I am saying. Is it that we don't have economist at Federal in this country or what

I strongly agree with you. If government should make the mistake of pumping money into the economy, it would lead to too much money chasing too few goods, bringing about hyperinflation like the case of Zimbabwe.

Stelvin101:
Pumping in cash into the economy will only lead to Hyper-inflation because the purchasing power of naira is as bad as the situation German Currency found itself during Hitler's era. Almost everything used by we Nigerian is imported, up to even cutlaries. The first government needs to do is find an everlasting solution to this dollar palava because it's one really affecting the economy in every way. I still feel we should have come to a bargain with the Chinese about the use of Chinese Yuan by importers since almost everything used in this country is imported from China, then a license will be given to other who import from Europe to use dollars at their own peril. Then before government can think of pumping money into the economy to enhance productivity. My thoughts though

Pumping money into the system doesn't necessarily mean putting the physical money in circulation. It means identifying those sectors that need money , like agriculture , solid minerals , power , road , etc and apportioning a great amount of money to them in order to drive them.

But that notwithstanding, only an Igbo leader can revive the economy

Please the government needs to be careful.

They pumped money into construction (I think 350b naira) and it didn't reflect in the economy nor help increase employment in the country as envisaged.

Pumping money into the wrong hands will be very dangerous and the motive tarnished.

kahal29:


It won't my brother... That's typical Keynesian Economics. Massive Government expenditure and interventions to salvage the economy.

In the long run, it will lead to a persistent and rising level of inflation. Inflation is always and everytime a monetary phenomenon

Scraping tsa

Stelvin101:


It will bro because the purchasing power of naira to the outside world is very weak. If government should pump in money right now and we all start living in short-time happiness then it will be like subsidizing the entire nation which is a very terrible risk to take. Naira needs to get some strength on her own and that's what government should focus on by increasing Agricultural productivity and other sector which will enable Nigeria become an exporting economy rather than importing. Pumping in money into the economy at this present state will only reduce the value of Naira more, trust me i know what I am saying. Is it that we don't have economist at Federal in this country or what

My brother pumping money does not mean giving out money to Nigerians but spending money on basic critical infrastructures of power, roads, water etc that will create the enabling environment for growth and development, reduce the cost of doing business in Nigeria and enable small and private business to thrive.

Stelvin101:
Pumping in cash into the economy will only lead to Hyper-inflation because the purchasing power of naira is as bad as the situation German Currency found itself during Hitler's era. Almost everything used by we Nigerian is imported, up to even cutlaries. The first government needs to do is find an everlasting solution to this dollar palava because it's one really affecting the economy in every way. I still feel we should have come to a bargain with the Chinese about the use of Chinese Yuan by importers since almost everything used in this country is imported from China, then a license will be given to other who import from Europe to use dollars at their own peril. Then before government can think of pumping money into the economy to enhance productivity. My thoughts though

well said bro,,pumping money into an already cost inflated econony wil solve nada... surprised our economist wit certificates kip sayin jargons ....we need to diversify demand frm dollar .nigeria practically spend dollar lik it our official currency..if only d yuan currency deal ad workout.. avin operational refineries alone wil solve half of our problem cos 50% of our foreign xchange goes into oil importation ...these things r even common sense nt searching fr textbooks

emymeeky:


Pumping money into the system doesn't necessarily mean putting the physical money in circulating. It means identifying those sectors that need money , like agriculture , solid minerals , power , road , etc and apportioning a great amount of money to them in order to drive them.

But that notwithstanding, only an Igbo leader can revive the economy

I concur

Agriculture!!
..ryt here in benue i c huge potentials 4 diversification and revenue earners but the ortom gov. is just giving out cassava sticks,no loans,no fertilizers etc....the same old sh.t..

Stelvin101:


It will bro because the purchasing power of naira to the outside world is very weak. If government should pump in money right now and we all start living in short-time happiness then it will be like subsidizing the entire nation which is a very terrible risk to take. Naira needs to get some strength on her own and that's what government should focus on by increasing Agricultural productivity and other sector which will enable Nigeria become an exporting economy rather than importing. Pumping in money into the economy at this present state will only reduce the value of Naira more, trust me i know what I am saying. Is it that we don't have economist at Federal in this country or what

What you are proposing is what we really need to do, but, that is long term. before you can invest in agriculture up till point of export may take like 5 years. That is why you don't diversify during a recession, you save and diversify during a boom.
Right now, we need short term solutions and also start making long term plans. Imagine if we had diversified during OBJ, we wont be feeling the effect of fall in oil price.

Work hard, network with the right institutions, seek for help and pray.

kahal29:
How can Nigeria revive its economy?

The Federal Government should pump money into infrastruture development, which will create more jobs and boost liquidity, economists and private sector players said yesterday.

The Nigerian Bureau of Statistics (NBS), in its Second Quarter Report released on Wednesday, said the economy contracted by 2.06 per cent to record its lowest growth rate in three decades.

The report said the economy shrank by 0.36 per cent in the first quarter of 2016 to hit its lowest point in 25 years. Unemployment grew from 12.1 per cent in the first quarter of 2016 to a record high of 13.3 percent in the second.

Finance Minister Mrs Kemi Adeosun said: “It’s the worst time possible for us”. She, however, assured all that things will get better.

President Muhammadu Buhari said yesterday that Nigeria will be prosperous again. He spoke in Osogbo the Osun State capital, at the inauguration of a mega school built by the Rauf Aregbesola administration.

A development economist and financial Expert, Odilim Enwegbara, who is the Chairman/CEO at Pan Africa Development Corporate Company (PADCC), said the government should leverage on its expansive revenue base and spend its way out of the recession.

He said: ”To help our economy, the government needs to pump trillions of naira into infrastructure projects and trillions of naira into social intervention policies so as to make more money available to the citizens to boost their purchasing power, which will make these cash-strapped citizens start consuming, not imported goods and services, but mostly locally made goods.”
By consuming locally made goods, Enwegbara said, more money will get into the hands of local people and artisans. This, he said, will kick-start the once excluded grassroots economy.

In his view, President Buhari needs to inject a minimum of N3 trillion annually into the economy.

”Buhari’s social interventionist policies too should, besides making the school feeding programme a priority, monthly stipends of not less than N10,000 (instead of N5,000) should be given to millions of our poor families, widows, elderly, mentally and physically- challenged Nigerians. This should be promoted with the rigour it requires.

Lagos Chamber of Commerce and Industry (LCCI) Director-General Muda Yusuf spoke of an urgent need to inspire investor confidence by ensuring that policies are not only credible and sustainable, but also consistent.

He described this measure as critical in building the confidence of investors, adding that there is the need for the injection of private capital by domestic and foreign investors to turn things around.

Yusuf called for government’s stimulus spending to fast-track the growth of the economy, including the speedy implementation of the 2016 budget.

He said this could have very clear positive impact in pulling the economy out of the woods.

According to the LCCI chief, the energy issue has remained a sore point as a result of the poor supply and the high cost of gas, which in most cases is not available.

He said: “Economic empowerment of majority of our citizens by increasing the purchasing power of the economically excluded is the magic wand which increasing their consumer power should increase production and new jobs. In other words, if by empowering the marginalised and excluded millions deep-seated economic malaise will finally be resolved.”

The Vice President (North West Zone), Manufacturers Association of Nigeria (MAN), Ibrahim Usman, said to move away from recession, the government must embark on infrastructure development to attract money into the system.

He said in other climes, the government drives the economy, giving it direction, but he admitted that there is no quick fix to get out of the recession.

Usman, who is also the Executive Chairman, Powerseal Nigeria Limited, called on the government to quickly end the Niger Delta militancy issue.

The economic think tank of Financial Derivatives Company Limited, led by Bismark Rewane, expressed optimism that “the lower-than-expected figures for July signal a possible tapering in the rate of increase in consumer prices which might improve market sentiment.”

Usman added that market players “are expected to react accordingly”.

http://thenationonlineng.net/experts-buhari-pump-cash-save-economy/

Feel free to add your own suggestions

A competitive federalism via fundamental constitutional change, including fiscal federalism—taxation powers, rights over natural resources, wage setting, fiscal responsibility, etc – breaking from unitary-federalism of uniform standards to multi-speed federalism with only minimum standards.
The Polithiefcians are aware of this but selfish interest had enveloped their mind. The betterment of this goddamn country lies on the youths revolutionary actions.
#i stand with true federalism

ericsmith:


well said bro,,pumping money into an already cost inflated econony wil solve nada... surprised our economist wit certificates kip sayin jargons ....we need to diversify demand frm dollar .nigeria practically spend dollar lik it our official currency..if only d yuan currency deal ad workout.. avin operational refineries alone wil solve half of our problem cos 50% of our foreign xchange goes into oil importation ...these things r even common sense nt searching fr textbooks

My broda I tire, these things are common sense. If you read people's comment you will know we have young and competent people in this country who are not even an economist but they know what to do if given the opportunity. I am not an economist by profession but I know working with the right team of people who think and reason, together we can deliver. So I am coming out for Presidency come 2019

The situation we are in now is long overdue. It is a tough time but when right strategies are put in place it will not last.
As long as we continue importing consumer commodities unemployment and crimes will be on the rise even though unemployment is not the only cause of crime. So stop importation of those things we have comparative advantage to produce in the short run.
Build a strong institution that regulates optimization agent.
Uphold a clear terms of reward and punishment.
invest heavily in infrastructure like road, electricity,data system, school, security
Within a short time, Nigeria will be great again.
For any time you buy any imported goods, and encourage others to do so, you've succeeded in creating employment for that country or countries and create unemployment in your country.
Brave up my beloved Nigerian, Tough times don't always last.

YoungHustler:
It's so simple. We only need to look inwards & we will discover that the answers we seek lies within our powers.


#pBBOG = projectBringBackOurGEJ!!!



#pBBOG..........tell your neighbours.


.

Psychedelic effects is manifesting in u

Forget about the oil. Raw materials and local production is the way to go .

MMM

Stelvin101:
Pumping in cash into the economy will only lead to Hyper-inflation because the purchasing power of naira is as bad as the situation German Currency found itself during Hitler's era. Almost everything used by we Nigerian is imported, up to even cutlaries. The first government needs to do is find an everlasting solution to this dollar palava because it's one really affecting the economy in every way. I still feel we should have come to a bargain with the Chinese about the use of Chinese Yuan by importers since almost everything used in this country is imported from China, then a license will be given to other who import from Europe to use dollars at their own peril. Then before government can think of pumping money into the economy to enhance productivity. My thoughts though

So true, releasing too much money into the economy is not the solution because if there is too much money in circulation, the purchasing power of individuals will be higher and this will not solve the inflation in the system. Your above mentioned solutions is one of the many that can alleviate the economy from recession if only it could be implemented.

Stelvin101:


My broda I tire, these things are common sense. If you read people's comment you will know we have young and competent people in this country who are not even an economist but they know what to do if given the opportunity. I am not an economist by profession but I know working with the right team of people who think and reason, together we can deliver. So I am coming out for Presidency come 2019

if common sense is d only certificate yu showcase i wil vote fr yu bruh... common sense scarce 4 nigeria,,wat is phd upon msc upon bsc upon dilopma wit no common sense?? instead of banning of rice,,it shuld av bin volume restriction to commensurate local produce rice till wil can b self sufficient,,yu cannt force pple let price decide @ moment lik this ..let see wu wil buy @ 20k wen 11k rice is standing nex,, to think that elites around buhari proffer sum of this policies is so disappointing

kenonze:

Psychedelic effects is manifesting in u

Your DP depicts you as a wh0re, so you are completely ignored.
I aint got the time for a cheap attention craving low life like you.
You will forever be ignored 'cos I shouldn't be dignifying you with responses.
Discerning minds would understand my position.

YoungHustler:

Your DP depicts you as a wh0re, so you are completely ignored.

I aint got the time for a cheap attention craving low life like you.

You will forever be ignored 'cos I shouldn't be dignifying you with responses.

Discerning minds would understand my position.

Your moniker is just 100% u

Folks I stand to be corrected the present administration can only be successful in the short run, in the long run we need creative leaders,this are my points:what kind of economy survives in the long run when governments main target is to increase its income base?, the United state is always championing investment patterns that make individuals rich and not the government.look at the number of jobs corporations like Facebook, Google, Microsoft, Amazon and Goldman Sachs have added to the us economy. on the other side government can make quick cash by tapping into the entertainment sector let's take the Nigerian premier league as a case study in comparison with the EPL, the Epl has attracted foreign investment, boasted the local market, television rights have tripped over years to a whopping 5 billion dollars in 2016,why can't Nigeria league be like that, The government has also failed to invest in infrastructure.and it's policies so far aren't well thought out, the best policy I have seen from any government in Nigeria in the last decade is the contributory pension scheme which has added 6 trillion naira to the economy and created new jobs..we need technocrats not politicians in government.