This professor knows economics like the back of his palm. I enjoyed his elucidations and erudite answers to all the questions posed to him. I hope this currency swap policy with China brings Nigeria more growth stimulus because we need it to progressively get out of the woods.
Did you notice how experts should be talking. No whining, no lamenting, no sentiment, no name calling, no blame. I doff my hat for Prof. Ife. This is type of people that should be brought for interview.
Nigeria needs to do more business with China. We have to learn a thing or more from them on how they did it. Nigeria must move forward for goodness sake.
Well,they too are gradually waking up.They just joined the sahel states by asking the French military to leave ivory Coast..The next move now maybe the single currency,even without the sahel states for now.
Apart from oil (restricted by OPEC quotas) and gas (restricted by domestic production output), what does Nigeria have to expand trade with? Is it groundnuts, palm oil, cocoa, cassava? These agricultural items cannot match the value required to expand bilateral trade substantially. The truth most Nigerians refuse to face is that we produce little goods of export value outside oil and gas. The other area of expanding FX earnings is remittances, however this is not sourced from China.
We should be careful of this deal with China because, China is losing its largest consumer market which is EU and the US due to Trump 2.0. We should not become their dumping ground as this will kill local manufacturing as it did in the US. We should rather insist they bring manufacturing into our country because we are their largest market in Africa. We all know Africa and the new BRICS enthusiasts are their new targeted markets. China is the king of mass production but, depends on consumers outside China. We must protect our local industries and not get carried away by solving one side of our problem, which is lowering pressure on the naira. While we turning our country to what French did to those Francophone countries; dumping. We don’t want to become a warehouse economy.
Currency swap is a good deal as the prof has explained.l do think china has better mindset toward Africa's development and progress than any western nation.I dont necessarily think trade between both countries will be balance for now,we are the ones needing favour and help not them.China will be taking a risk too increasing the swap.Part of the sacrifices for that favour and risk for now will be the imbalance in trade.The most important thing is to get all the equipments and infrastructures we need done first and then we can start talking about trade balance.If the higways and rail are constructed to a desired level,maybe we can start pushing for higher trade volume into china...The ladies are looking stunning!❤Thank you.
So you think. We think we need China more but it’s in the short term. China needs us in the long term and we may get trapped economically. China’s visit at this time is more of a “damage control” to their economy because of the coming looming consequences of Trump 2.0. They are seriously looking for bigger consumer markets for their mass productions which won’t get into US and EU as before. China is doing all these in their best interest or else their industries will dies. We should be focused on China bringing in their industries rather than, becoming their dumping ground which will finally kill our industries. We all know the West is wickedly domineering but we should also think more of ourselves rather than helping China to survive the looming Tarrif wars.
@DonaldOYewande Well if they build your infrastructures and supply all the equipment needed for the economy to grow is that not enough of us looking to help ourselves?😀We need the infrastructures,we need the equipment that would enable us achieve greater things and they have it...
There you go...cut out middle-men currencies and trade with eachothers' lical currencies...After all, we were supposed to be sovereign equal partners. We can use the money for local Agro development/ local manufacturing investments, human capital development, health and educational reinvestments, selected capital goods/ infrastructural deposits...and security training. One❤Africa.
ARISE NEWS always starts its interviews with negative/criticism posture/ instead of positive posture for the country. patriotism on a lower level as if its the mouth piece of Nigeria's traducers.
They don’t know how bad it projects our country image. The bad taste they have about their preferred candidate’s loss, never leaves their mouth. They’ll be fine.
This professor knows economics like the back of his palm. I enjoyed his elucidations and erudite answers to all the questions posed to him. I hope this currency swap policy with China brings Nigeria more growth stimulus because we need it to progressively get out of the woods.
Did you notice how experts should be talking. No whining, no lamenting, no sentiment, no name calling, no blame. I doff my hat for Prof. Ife.
This is type of people that should be brought for interview.
Nigeria needs to do more business with China. We have to learn a thing or more from them on how they did it. Nigeria must move forward for goodness sake.
But can't you see Tinubu is in the pocket of the old colonial masters. Nigeria needs to join BRICS IMMEDIATELY!
The Prof is very good though.
In China corrupt politicians get beheaded, but in nigeria they gv then milk 🥛 and honey 🍯. So there can never be developments
Fantastic idea! The swap deal should be raised to at least 10 billion dollars ! This is will reduce the pressure on the naira.
It is sad to see the traitorous role ivory coast 🇨🇮 is playing in Africa.
Well,they too are gradually waking up.They just joined the sahel states by asking the French military to leave ivory Coast..The next move now maybe the single currency,even without the sahel states for now.
Fantastic, Buhari’s government yapped on about the Yuan and Naira swap but didn’t do nothing. I hope they implement this policy in its entirety.
Apart from oil (restricted by OPEC quotas) and gas (restricted by domestic production output), what does Nigeria have to expand trade with? Is it groundnuts, palm oil, cocoa, cassava? These agricultural items cannot match the value required to expand bilateral trade substantially. The truth most Nigerians refuse to face is that we produce little goods of export value outside oil and gas.
The other area of expanding FX earnings is remittances, however this is not sourced from China.
A reasonable Prof
We should be careful of this deal with China because, China is losing its largest consumer market which is EU and the US due to Trump 2.0.
We should not become their dumping ground as this will kill local manufacturing as it did in the US. We should rather insist they bring manufacturing into our country because we are their largest market in Africa. We all know Africa and the new BRICS enthusiasts are their new targeted markets. China is the king of mass production but, depends on consumers outside China.
We must protect our local industries and not get carried away by solving one side of our problem, which is lowering pressure on the naira. While we turning our country to what French did to those Francophone countries; dumping. We don’t want to become a warehouse economy.
Quick question ? Where is Rufai ?
Currency swap is a good deal as the prof has explained.l do think china has better mindset toward Africa's development and progress than any western nation.I dont necessarily think trade between both countries will be balance for now,we are the ones needing favour and help not them.China will be taking a risk too increasing the swap.Part of the sacrifices for that favour and risk for now will be the imbalance in trade.The most important thing is to get all the equipments and infrastructures we need done first and then we can start talking about trade balance.If the higways and rail are constructed to a desired level,maybe we can start pushing for higher trade volume into china...The ladies are looking stunning!❤Thank you.
So you think. We think we need China more but it’s in the short term. China needs us in the long term and we may get trapped economically.
China’s visit at this time is more of a “damage control” to their economy because of the coming looming consequences of Trump 2.0. They are seriously looking for bigger consumer markets for their mass productions which won’t get into US and EU as before. China is doing all these in their best interest or else their industries will dies.
We should be focused on China bringing in their industries rather than, becoming their dumping ground which will finally kill our industries.
We all know the West is wickedly domineering but we should also think more of ourselves rather than helping China to survive the looming Tarrif wars.
@DonaldOYewande Well if they build your infrastructures and supply all the equipment needed for the economy to grow is that not enough of us looking to help ourselves?😀We need the infrastructures,we need the equipment that would enable us achieve greater things and they have it...
Where is rufai please
There you go...cut out middle-men currencies and trade with eachothers' lical currencies...After all, we were supposed to be sovereign equal partners.
We can use the money for local Agro development/ local manufacturing investments, human capital development, health and educational reinvestments, selected capital goods/ infrastructural deposits...and security training.
One❤Africa.
Mr. Prof., why is it difficult for you to explain the principles of economics you are teaching our children? You guys have failed Nigerians.
Prof. Ife, Your Nigeria has a lot you can produce and make China buy them. Rather, you are memorizing Chinese microeconomic systems.
you cant even speak english properly! doubt you even understand what he says
product of a failed educational system
Apart from terrorism, what does Nigeria have to export?
ARISE NEWS always starts its interviews with negative/criticism posture/ instead of positive posture for the country. patriotism on a lower level as if its the mouth piece of Nigeria's traducers.
Patriotism is not to sweep your problems under the carpet. Problem exposition and constructive criticism is the hallmark of patriotism.
They don’t know how bad it projects our country image. The bad taste they have about their preferred candidate’s loss, never leaves their mouth. They’ll be fine.
@@ugowilliams8437do you ever watched Fox News?