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Nigeria: Thrown into Chaos and a State of Civil War: The Role of the IMF
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murchr
#51 Posted : Monday, June 04, 2012 11:18:17 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
YesuWangu wrote:
murchr wrote:
a4architect.com wrote:
Africa/Nigeria/Kenya should learn from Argentina on how to deal with the Worldbank/IMF.
In 2001, Argentina defaulted on Worldbank debt.
African leaders have a misconception that life is unbearable without Worldbank-all they do is beg for more..

http://www.reuters.com/a...d-idUSN1E7791TO20110810

Ten years later, Argentina has become the 3rd largest economy in Latin America
http://en.wikipedia.org/wiki/

Economy_of_Argentina

Quote:
The economy of Argentina is Latin America's third-largest,[16] with a high quality of life and GDP per capita.[17] An upper middle-income economy,[18] Argentina has a firm foundation for future growth for its market size, the levels of foreign direct investment, and percentage of high-tech exports as share of total manufactured goods.[19]



Defaulting is not the only way out. The best is to make sure when you are negotiating you get a rate that is favorable and ensure that the money is circulating in the local economy. Leadership played a very key role in Argentina.


Defaulting is one of the many things that happens when the 'leadership' you are talking about took decisive measures.

Continuing negotiations that landed you in the hot soup will yield nothing much not matter how sincere they are.

Ask the Greek today. Their current status is being likened to the Argentinians in 2001 who, among other things, intentionally defaulted and they have surely paid for it. The numbers are impressive.



The last time i checked defaulting meant interest rates increasing...as in digging the hole deeper. May be renegotiating can work and threaten to nationalize organizations, Argentina is known for that
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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young
#52 Posted : Saturday, July 14, 2012 11:14:51 AM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
a4architect.com wrote:
the links you @young..have put up are for newspapers written for general viewing...more like red pepper of UG kind of news..i like reading deep well-researched articles that challenge the thought process..


@a4architect

You are forgiven for comparing Nigerian reputable newspapers I listed as that of red pepper of UG.

Can former President Bill Clinton of US, and Tony Blairs wife be associated with such Nigerian paper ?

You are free to read anything and say anything from your armchair in Nairobi.

http://photonews.sunmism...-annual-thisday-awards/

http://www.thisdaylive.com/thisday-awards-2012/
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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young
#53 Posted : Monday, July 23, 2012 11:46:51 AM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
young wrote:
a4architect.com wrote:
the links you @young..have put up are for newspapers written for general viewing...more like red pepper of UG kind of news..i like reading deep well-researched articles that challenge the thought process..


@a4architect

You are forgiven for comparing Nigerian reputable newspapers I listed as that of red pepper of UG.

Can former President Bill Clinton of US, and Tony Blairs wife be associated with such Nigerian paper ?

You are free to read anything and say anything from your armchair in Nairobi.

http://photonews.sunmism...-annual-thisday-awards/

http://www.thisdaylive.com/thisday-awards-2012/

The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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a4architect.com
#54 Posted : Monday, July 23, 2012 12:10:18 PM
Rank: Veteran

Joined: 1/4/2010
Posts: 1,668
Location: nairobi
@young.. what i meant is that to get serious indeptth info, this cant be gotten out of a newspaper e.g Nation, Standard e.t.c since the info is for general public consumption hence not written by technocrats.

Compare this

http://www.globalresearc...ontext=va&aid=28900

with this

http://www.thisdaylive.com/

Both of them have good info but one of them is more in-depth and thought-challenging than the other.
As Iron Sharpens Iron, So one Man Sharpens Another.
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young
#55 Posted : Monday, July 23, 2012 12:21:45 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria

Hi a4architect,

As far as Nigerian newspapers are considered, in terms of balanced indepth news is concerned, the best
is Thisday Newspaper , followed by The Guardian, it
was not so nice to classify it in the mould of Redpepper of Uganda or Kenya nation or standard , that was was why you can see internatural figures attending her world class annual lectures.

You cannot know Nigeria more than me neither do I know Kenya architecture more than you. Reading news online to get info is okay , but most often it is better to cross check facts as online news can be distorted ie most often it is not completely true.

In addition I have official inquiry to make as I just checked your website, you will see my email before end of morrow.

Regards
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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a4architect.com
#56 Posted : Monday, July 23, 2012 12:31:08 PM
Rank: Veteran

Joined: 1/4/2010
Posts: 1,668
Location: nairobi
@young..true..i will never know about Nigeria more than you. Regarding the depth of research in articles, this is debateable-most newspaper articles, inclusive of newsweek, time ,economist are not comparable to an article written by someone who has reserched and studied the topic and whose career/passion lies in the topic as opposed to an article written by someone who is just doing their job without passion.

See the CV of the author here..very impressive

http://en.wikipedia.org/wiki/F._William_Engdahl
As Iron Sharpens Iron, So one Man Sharpens Another.
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young
#57 Posted : Monday, July 23, 2012 2:34:05 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
@a4architect


Please be aware I have sent an official email to your
company for some inquiry/clarification.
Looking forward to getting reply in due course.

Regards
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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murchr
#58 Posted : Wednesday, May 18, 2016 6:45:28 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
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enyands
#59 Posted : Wednesday, May 18, 2016 7:47:47 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
murchr wrote:
Seems like it would have been better if Nigerians agreed to that bitter pill when Jonathan prescribed it. Fuel prices are up 67%.

Madeni lazima yalipwe you can default as long as you want but the consequences are dire. Venezuelans think the apocalypse is here.



This is the crap I was talking of in one of the threads .Nigeria is one of the world's producer of oil. But look it's citizens are on the line buying oil and the price is more expensive than an African non producer of oil. Tulilaaniwa ama ni nini hii

To make the matter worse they want to import oil .I call this lack of planning and failure by the state
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timbosho
#60 Posted : Wednesday, May 18, 2016 8:25:46 AM
Rank: New-farer

Joined: 8/23/2013
Posts: 34
The problems of Nigeria are symptoms of the general state of affairs all over Africa. A greedy incompetent short sighted political and business elite who use their offices to exploit every opportunity they can lay their hands on to steal, an ethnically and religiously divided citizenry unable to see beyond their divisions and control their tribal and religious emotions, or decide that a better future is more important than which division is in power, foreign governments and businesses taking advantage of the previous two factors and meddling in Africa to obtain, maintain and increase markets for goods and cheap sources of natural resources, a large portion of those Africans who see and understand what is happening giving up and running away to Europe, America, Australia, UAE etc, or living quietly burying their heads in the sand and hoping for some miracle to make it all go away.
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