deflover:
Slowly the dollar war is lost
I told them they won't listen
They were dancing like headless chickens
Let's see how far they will continue to pump in more dollars
If you are wise
U better begin to buy cheap dollars with your spare money
Devaluation is coming if you must get IMF loan

0b10010011:
IMF has never wished Nigeria well



Ever since there implant, Okonjo Iweala, left our financial corridors, it's been a blow they re yet to recover from

2Mekus:
Why is it that every time Buhari comes to power Nigeria will start romancing IMF and other world banks for loans? What has happened to all the funds recovered from Politicians and the ones streaming into so-called TSA account from various sources? What has this government done with those monies to require borrowing from outside? How on earth did we end up with this man again for God's sake?

Don't mind them.
His zombie fans would tell you Okonjo iweala is the IMF agent even when there is currently an unprecedented level of borrowing from the same IMF and the world bank under their buhari than ever in Nigeria's democratic history.

NubiLove:


Did you read the article? The loan is coming fron world bank and AfDB.... Nigeria has not asked IMF for loan... they are trying to prevent the lenders from giving Nigeria the loan FG is asking for.

world bank and AfDB are different from IMF.

IMF is trying to play the role of bad belle because Nigeria did NOT ask them for loan! This is politics at play here and NOT real economics.

chynie:
Prophets of doom

We won't crash anything
Is Nigeria a bike?

Adminisher:
Everything the IMF said Nigeria should be doing is exactly what Nigeria has done. They are just not happy that the Naira is proving to have value after the partial floating

martineverest:
useless imf..who need u ?

deflover:


Stop being a zombie
The article is clear
Or is IMF now corruption fighting back
Or is IMF now ipob

The issues here are both fundamental and technical
Has buhari done enough to get out of the woods

That's what IMF is pointing at
They talked about our dollar war
Which is bad
But to you na bad belle

Like I said after britexit
We will talk when there is no spare dollars to flood the market
Besides why borrow
Wetin do TSA and all the recovered billions gej stole
Yeye dey smell
Like I said devaluation is coming
So pray more your good belle works

Abagworo:
Devaluation is very vital for improvement in local productivity. The recent moves that has seen the Naira continuously appreciate against international currencies is not supported by me. Naira should be devalued to at least 1000 to a Dollar.

deflover:


Stop being a zombie
The article is clear
Or is IMF now corruption fighting back
Or is IMF now ipob

The issues here are both fundamental and technical
Has buhari done enough to get out of the woods

That's what IMF is pointing at
They talked about our dollar war
Which is bad
But to you na bad belle

Like I said after britexit
We will talk when there is no spare dollars to flood the market
Besides why borrow
Wetin do TSA and all the recovered billions gej stole
Yeye dey smell
Like I said devaluation is coming
So pray more your good belle works

Islie:






FG’s $1.4bn loan bid faces ‘fresh obstacles’


Analysts back govt’s position





http://newtelegraphonline.com/news/imf-nigerian-economy-may-collapse/

Alajiki:


Check the history of Nigeria and IMF well...it's always been like this. If there's anything IMF is known for, it's pro-devaluation. They attack economic policies left right and centre to lower credit risk rating and discourage would-be lenders.

While I agree with you that the current forex regime is not sustainable, I want you to know that what government is doing now has to be done. It's a risk worth taking while hoping for an improvement in international oil price and at the same time cheking our dependence on oil and importation of consumer goods.

Nigeria is a peculiar and very funny country whose citizens derive more joy in sabotaging her economy. You can imagine demand for PTA only to take same to the black market. Even Nigerians have started opening "schools" in Spain and other liberal European countries just to issue fake admission letters out to fellow unscrupulous maniacs to access Form A and bring same back to the parallel market. ROUND TRIPPING CARTEL.

On the current forex regime, I stand with Buhari.


.

NubiLove:


Stop being a m0ron... the report was released by IMF and not world bank or AfDB, the FG has to dance to the tune of world bank and AfDB not IMF. The discussions are not being held with IMF. Just because you want dollar to reach N600 has made your judgement clouded and deluded.

And do you think IMF always has Nigeria's interest at heart when they release reports? IMF is a for PROFIT organisation!

Your $1 to N600 is not coming in 2017... no matter how you try to make it look feasible... after brexit, let us see if your prediction fails again like the former one where you were saying sky is falling - Nigerians go and buy dollar and keep in your house....

Alajiki:


Check the history of Nigeria and IMF well...it's always been like this. If there's anything IMF is known for, it's pro-devaluation. They attack economic policies left right and centre to lower credit risk rating and discourage would-be lenders.

While I agree with you that the current forex regime is not sustainable, I want you to know that what government is doing now has to be done. It's a risk worth taking while hoping for an improvement in international oil price and at the same time cheking our dependence on oil and importation of consumer goods.

Nigeria is a peculiar and very funny country whose citizens derive more joy in sabotaging her economy. You can imagine demand for PTA only to take same to the black market. Even Nigerians have started opening "schools" in Spain and other liberal European countries just to issue fake admission letters out to fellow unscrupulous maniacs to access Form A and bring same back to the parallel market. ROUND TRIPPING CARTEL.

On the current forex regime, I stand with Buhari.


.

Abagworo:
Devaluation is very vital for improvement in local productivity. The recent moves that has seen the Naira continuously appreciate against international currencies is not supported by me. Naira should be devalued to at least 1000 to a Dollar.

vigasimple:


I am believing that this sound like the authentic Aribisala with sound analysis.

This government lead by Buhari is without a direction. And they kept lying about how much corruption money they have recovered without no impact on the country economy or her people.

They wanted to borrow $1.4 billion when they just shared paris club refund of $6.9 billions

That my friends is the definition of corruption and ineptitude.

deflover:



Smh.
So the report was made by IMF and nor world bank nor ADfb
And u must think they are stupid enough to wave it away
Since IMF is now ipob bank
Or rather IMF is a PDP bank

When you open your mouth to talk ...you show us the color of your teeth

I will advise u to stop being an ass

aribisala0:
What nonsense is this one saying. What is the nexus between devaluation and productivity.

Productivity comes down to
Human Capital( The quality of your people e.g How many Dangotes, Bill Gates and such like do you have in your premiership. In your second division how many Richar Bransons and Donald Trumps do you have and so on). In terms of your workforce how skilled are they. All you need to do is look at the picture of your ministers inspectingg theiir so called projects.The Engineers are always Oyinbo ,that should tell you what you need to know about your people. It is the quality of your people that determines whether you have containers and trucks falling off bridges or not . It is that which determines responses to accidents and disaster and whic facilitates long term planning

Energy utilization. In simple terms electricity production and use. There is a very direct correlation between this and the wealth or productivity of nations

Infrastructure. Particular Rail and roads facilitates the efficient distribution of goods and services

Rule of Law and due process allows investor to plan and removes capricious arbitrariness like the CG of Customs waking up one day and deciding all cars everywhere ust pay duty

These are the thing that bring about productivity. If it was devaluation how come after 50000%( yes you read that right) devaluation in 33 years we are no ore productive now that during Buhari's first tenure

Kaslyni:


seriously perhaps Am the one not comprehending this: the fed has been seeking a loan of $1billion from the IMF and $400 000 000 million from the ADB?

are these loans to be collected monthly, quarterly or just once and that's it? if the latter is the case ( despite all the noise about fighting corruption and monies being recovered) then this government is one of worst tragedies that has befallen this nation

paschu:
It had always been MUCH cheaper for Nigerians to import high quality products than to produce it locally.

Devaluation will at least increase FDI - that's foreign direct investment (as it's been doing in China) - if the government would man up and divert our foreign reserve to MASSIVE infastructural reform and development. Specifically, there should be MASSIVE emphasis on transportation, communication, power and secutity.

Thus I think the idea of defending the Naira now is plain madness.

In fact, are you aware that Naira is currently stronger than South Korean Won? Google it.

Just $1 is worth more 1000 Won.

But can you compare South Korean economy to that of Nigeria?

No way!

Since 2013 South Korean economy has been worth more than $1trillion. And that's not minding the fact that they are much less than us in population. They even own Samsung and a number of other global brands, but we have none. Yet, our Nairra is stronger than their Won.

Is that not madness?

Those who critisize devaluation simply don't understand the power of globalization.

In fact devaluation is one trick China is using to remain ahead of competition.

In fact Trump is threateing to force China to STOP devaluing the Yuan but instead allow it to appreciate against the Dollar IN OTHER TO MAKE US PRODICTS MORE COMPETITIVE.

So, in the final analysis, pegging the Naira at this moment is such a huge bad idea.

But I know this govt. is doing it just to curry public sympathy. They have lost all the good will they once had.

chynie:
Prophets of doom

We won't crash anything
Is Nigeria a bike?

paschu:
It had always been MUCH cheaper for Nigerians to import high quality products than to produce it locally.

Devaluation will at least increase FDI - that's foreign direct investment (as it's been doing in China) - if the government would man up and divert our foreign reserve to MASSIVE infastructural reform and development. Specifically, there should be MASSIVE emphasis on transportation, communication, power and secutity.

Thus I think the idea of defending the Naira now is plain madness.

In fact, are you aware that Naira is currently stronger than South Korean Won? Google it.

Just $1 is worth more 1000 Won.

But can you compare South Korean economy to that of Nigeria?

No way!

Since 2013 South Korean economy has been worth more than $1trillion. And that's not minding the fact that they are much less than us in population. They even own Samsung and a number of other global brands, but we have none. Yet, our Nairra is stronger than their Won.

Is that not madness?

Those who critisize devaluation simply don't understand the power of globalization.

In fact devaluation is one trick China is using to remain ahead of competition.

In fact Trump is threateing to force China to STOP devaluing the Yuan but instead allow it to appreciate against the Dollar IN OTHER TO MAKE US PRODICTS MORE COMPETITIVE.

So, in the final analysis, pegging the Naira at this moment is such a huge bad idea.

But I know this govt. is doing it just to curry public sympathy. They have lost all the good will they once had.

ancientbanana:
They once said we will be going into recession n we are in it now. Our problems in Nigeria is over faith without work. We on talk n Mock advice instead of seeing the reality n work hard to change it. I dey laff una mumurity

chynie:
Prophets of doom

We won't crash anything
Is Nigeria a bike?