You see, you don't need to be a career economist for you to know that the only sensible way out of this APC FG induced recession is for the FG to increase spending!!!Why keep funds that banks were using to do business in CBN vaults all in the name of TSA?FG should kick start the recovery process by releasing money into the system by carrying out capital projects which will create jobs.This will help in the...
Is Nigeria the only country in the world that witnessed drop in crude oil price even though it has gone up again?Even some African nations that export crude oil are doing better than Nigeria in terms of currency value and state of the economy in those countries.President Buhari, please look beyond the 97% people and ask or beg the likes of Ngozi Okonjo Iweala to come and help solve this economic problem we are facing because...
Emergency powers for what? APC should have included this request in their campaign manifesto. Emergency powers were not required to mess up our economy so emergency powers will not be required to fix the economy. GEJ didn't ask for or use emergency powers to grow our economy while he was in office. This is democracy and if our president cannot function well in a democratic system he should simply bow out before all the gains we...
Population, purchasing power and markets for products whether imported or exported all have roles to play in determining which country is a continent's biggest economy.Was Nigeria's No 2 status before the rebasing reflecting inputs from Nollywood and telecoms revolution that even made MTN from South Africa a major telecoms company? No!This is why I always tell people to feel free to challenge the so called experts in their backyards because they are not always right.One of...
Is crude oil revenue really the major source of revenue in Nigeria all the while or do we get more from customs considering the volume of transactions we record at the ports every day and the fact that crude oil revenue is limited to NNPC stakes in the JV arrangements with the oil companies and that is even what is left after the foreign oil companies would have kept aside funds using the oil servicing firms...
The pump price hike has nothing to do with removal of subsidy, Nigeria is broke - Lai Mohammed. --------------------- Why is Nigeria broke? According to APC - Nigeria is broke because GEJ squandered our money and people looted funds left, right and center. But that explanation or answer is nothing but a blatant lie. Here is the truth. There are 2 major reasons; 1. Nigeria is broke because Nigeria failed to listen to GEJ and Iweala...
Where are those Nigerians that have been abusing Mugabe of Zimbabwe because of the state of the Zimbabwean economy even though powerful countries like the US and Britain used financial institutions like the World bank and IMF to wreck the economy of Zimbabwe just because Mugabe decided to right the wrongs done to his people by the British who killed their people and stole their lands? Such Nigerians asked Mugabe to resign or step down since...
Can PMB probe the 2016 national budget without indicting himself since he presented the same budget abi appropriation bill on national TV to the national assembly? How are we sure that some of the bilateral agreements he signed since becoming president are in the interest of Nigeria considering the fact that he either didn't bother going through the 2016 national budget aka budget of padded yams or he just didn't give a damn? The president of...
GEJ and his economic team used part of our foreign reserves to defend the naira so that Nigerians would not be hit with serious economic hardship yet some Nigerians especially those in APC condemned the action. Today, some of the people that condemned such patriotic action are complaining that naira is becoming weaker and weaker and are forced to cough out N325 to get just $1!!! Who then is the shortsighted person now? What is the...
