tuoyoojo:
Nigeria 's economic policy be like

go front small

oya come back

cut ur hand small

oya come back

go front again

cut ur hand again

NA TRUE YOU TALK OO.... YOU JUST DEY MAKE ME LAUGH
YOU BE WERE OO

deenee:
First and foremost CBN has been selling dollars to BDC operators since the time of GEJ. Infact it is on record that about 6billion dollars was sold to BDC operators in one year alone during GEJ's tenure.

It is also on record that a lot of these BDC's are fronts for corrupt politicians and civil servants. Someone once showed me documentary evidence linking ownership of about 150 BDCs to a former VP of this country.


The Buhari administration has been trying to sanitize the BDC business but met with stiff resistance. Just like Nigerians want Buhari's head for banning foreign rice yet at the same time we want local producers to excel. My question is if we don't patronise the local producers how will they excel?

A lot of the manufacturers that are also making noise are rent seekers who simply want to get dollars from CBN using over invoiced Form M after which they turn back and sell over 70% of the dollars back to the black market.

Let's stop deceiving over selves. Nigeria will not change for the better but rather get worse until we Nigerians decide to shun all sorts of corrupt greedy practices that undermine the growth of our country.

CBN stopped giving Erisco the tomato paste maker "special dollars" because they discovered that he was round tripping some of the dollars in the black market. The man comes and starts shouting and saying that he will relocate his business not minding the fact that he has committed an offence that is punishable by death in countries like China and Korea. Yet ignorant and gullible Nigerians are abusing the govt without even knowing the full story.

The bad thing is the dollar situation will not abate or get better any soon despite the increase in oil revenue because the pile up of cash for 2019 elections has started and this pile up is currently been done by three sets of people namely....PDP, APC and a new political party in the making.

God bless Nigeria

Hmm, what a great insight you just shared. The problem is not about the policies but the people implementing them. Both the local manufacturers and BDCs would take advantage of any policy in their favor. How can a nation grow when the people are neck deep in illicit practices? You want government to come to your aid, but any ensuing help is used at the detriment of the masses. And, they will still come out to blame Buhari for it.

Government policies, all over the world, are often skewed to one side, it's now left to the beneficiaries to give back to the society what they have received. But the reverse is the case in Nigeria, we are still waiting for the proposed data hike by telecom operators

PaulKillerman:
this I a good idea; but sir should I remind you, they are stages in life, u learn to sit, then crawl, then stand with support, then without support before attempting to walk; nature will not allow u bypass or boycott any of this vital rungs as they are veritable test for maturation ...

My brother ; We do Not have any tangible thing we are manufacturing as a state, Nobody is encouraging it, the people are not inclined towards it obviously for both lack of will and of course the discouraging environment we find ourselves. ; in such a situation , u cannot start hastingly banning everything as that will amount to an economic harakiri ; u are killing yourself ,u will only end up setting a thriving milieu of untold inflation;(an they will be smuggled) also considering the greed inbue in an average blackman They will further capitalize on that... Those were some of the mistakes Buhari has made. So my brother, it behoves of us to be very sagacious and put all in perspective before we act. U Do not just act with linear thought, u should be more encompassing with a broadened horizons of analytical thoughts when acting... We have so many unfinished business back home. Let's get done with them , before we think of the next rung on that ladder

Big grammar bro this is simple economics after 55 years we can't still get our act togetehr ban all those goods that are stagnating our economy the government should be brave and take a strong stand for posterity's sake, no pain no gain we need to develop our industries rapidly here in Nigeria,say no to importation more to exportation you lazy race of people.

vedaxcool:
As long as a poor country continues to believe in using foreign goods that we can't afford then we will remain in this mess...ban importations of certain goods for the good of our manufacturers you will see a certain group make it seem like you have stopped them from breathing.

I said this before but i think federal govt is mistaken by banning importation of cars. That's not the priority. Priority should be to place ban on foods import. Nigerians are getting lazy. They can produce their own organic foods.

Problems is, if a product is tagged "made in Nigeria" even though it is ORIGINAL versus "made in America" even though it is FAKE, I swear majority would choose made in America. That's a big problem now. I was shocked when i heard nigerians import chicken.

Lord have mercy.

So importation of food should be banned first not cars. This is what drives up inflation and rise of dollar. Plus i am aware of IMF culprits as well.

Empiree:
I said this before but i think federal govt is mistaken by banning importation of cars. That's not the priority. Priority should be to place ban on foods import. Nigerians are getting lazy. They can produce their own organic foods.

Problems is, if a product is tagged "made in Nigeria" even though it is ORIGINAL versus "made in America" even though it is FAKE, I swear majority would choose made in America. That's a big problem now. I was shocked when i heard nigerians import chicken.

Lord have mercy.

So importation of food should be banned first not cars. This is what drives up inflation and rise of dollar. Plus i am aware of IMF culprits as well.

The truth is Nigerians are not serious about surviving in this planet, our complaints is worse than the Children of Israel being led by Moses not ready to sacrifice for future generation and always exceeding in complaints

tuoyoojo:
Nigeria 's economic policy be like
go front small
oya come back
cut ur hand small
oya come back
go front again
cut ur hand again

U made me laff. lol. really funny but true.