₦airaland Forum

Mynd44:
Okay, the governors effed up.

What happened to the FG's 51% why didn't they save out of that?

Awon oniyeye

As at may 29, 2015 Nigeria had a closing blance of $29bn in foriegn reserves.

You can choose to ignore that fact!

But where did Buhai get money to bail Aregberascal and co?

Can you answer that for me

Malctunji can you now stop spreading your rubbish lies now

Proudlyngwa:
I can see you have no idea about international economics,
Do you pay Mtn in Naira or Dollar,
Do you even know how telecom companies make their money.
And am done with people who throw in APC when discussions are not going their way.
Can't we have meaningful economic and government related discussion without partisan politics,
Am out of here.

Look at this mor0n?

MTN repatriates over 50bn naira annually back to SA.

That money is transferred through central bank which credits the SA account of MTN in dollars.

Must I spell eve thing out for you?

And besides it was your foolish APC that wanted to extort MTN with a fine of $2bn to fund their useless scam budget.

Dolts!

iSlayer:
The "We SS" people will come for your head

I hear you.

Just as "we SS" people rejected your satanic APC.

Proudlyngwa:
Like I said you are filled with bigoted assumptions,
You can't prove Buhari made any negotiations with the US.
I am in support of direct trade with China,and support boycotting the dollar
US govt does not control volume of crude into the US, actually it was Saudi that increased production and reduced price to punish US for renegading on a decision not to go into shale.

My friend you are myopic.

The US govt had effectively an economic, military and diplomatic standoff with Nigeria over increasing ties with China.

The WEF held in August, 2014 coincided with the hiegth of the BBOG scam but that did not deter china from unveiling a $30bn direct investment package with Nigeria.

This is when the US stepped up their game against GEJ to the point that the secretary of state visited Nigeria not to meet with govt officials but with opposition elements like Buhari and Tinubu.

The biggest problem with Africa is how we are able to quickly supply much needed traitors as leaders and the fact that most of us are ignorant in the inner workings of international diplomacy which you all wrongly assume boils down to polite and soft spoken diplomats wearing suits. This is the opposite. The inner struggles of world domination is full of organized crime, murder, espionage, sabatoures, and outright threats and blackmail.


But you exist on lala land to think all is as CNN and big black cuck reports it.

After years of having a clean shave, I decided to grow a beard.

I look more manly and mature with a beard. Without a beard I look like a sissy.

I want to fck Rita so bad ...

She is hot as hell

Proudlyngwa:
Like I said you don't understand the difference BTW the economy, federal reserve and forex.
Let me help you, if MTN closes shop, and leaves will it affect the economy yes, will it affect Forex, insignificantly,
If oil output drops from 2 million barrels per day to 1 million barrels, will it affect forex, yes, if we are an end product exporting nation, will it affect the economy ,insignificantly.
Unfortunately we are a crazy import driven nation, and they only way out ,now is direct trade with China.

My friend, stop talking trash!

MTN does not inject forex into our external reserves or economy.

Rather they take out our wealth back to SA.

If they shut down now, there will by the antecedent job losses associated with those that are employed directly or indirectly with MTN.

You should stop reasoning from your anus and appreciate the fact that the Nigerian economy as whole depends solely on forex earnings from oil sales and nothing else!

Even your satanic APC and Buhari dunce have bemoaned their inability to deliver on weak oil pricing, low output occasioned by militancy and no ready availlable buyer for Nigerian crude!

So stop spewing trash!

Proudlyngwa:
Your assumptions are myopic, to say the least,laughable at most.
We know quite well ,that USA is for USA alone, but they can't do anything once Nigeria starts a direct trade relationship with China, as have some other African countties. Are we renegading on any US treaty, are we threatening global security with our actions. The US can only threaten not to buy our oil,limit sales of hardware toys and sponsor insurgency, which Nigeria is already going through.
What we need is a national resolve, and damm Uncle Sam

Myopic.

Can you remember when US ceased buying Nigeria crude claiming their shale oil was able to meet their energy needs even though they increased oil imports from Saudi Arabia?

Try and bypass the dollar and see if you will have a country .

The US economy is only buoyed by the ability of the US govt to force the dollar as a global means of trade.

Their 18trillion dollar debt is hinged on their ability to ensure smaller vassal states like Nigeria continue to accept without question the dollar as a means of trade.

This is how worthless brass manilas were used by the Europeans in trading with your ancestors.

Continue thinking US is your friend.

Buhari, in his blind power quest, made a deal with the devil.

The repercussions of which we are now facing.

T8ksy:


. If you guys leave Nigeria today, we Yorubas will also leave too. Do I need to remind you that we never wanted one Nigeria in the first place ( referring to the notion " as a mere geographical expression............." and neither did the Sardunna? It was actually you ibos that were falling over themselves at the mere mention of this clearly unworkable and unholy Union, gesticulating like inebriated newts whilst selling us all to the Sardunna and his concept of northern hegemony in the new nation.

Lordie lordie...


So you remain in this useless Nigeria in order to spite the igbos ?


And you will only consider leaving when the igbos successfully do so?


Are you people for real?

This argument is probably the most foolish thing I have read on NL and considering the level of intelligence is not on the bright side in this forum that says a lot about the degree of stupid1ty you were able to put together in just one post.


Bros I hail ohh!

Proudlyngwa:
You are just countering yourself, available Forex and reserves are too different things, most of our forex is gotten from petroleum related sales. Our reserves is factored on a lot of things which determine the strength of our economy. The telecommunication sector affects our economy, but might not directly provide forex.
Don't get it twisted.

You are the confused one.

The federal govt operates the Single Treasure Account (held in naira) and external reserves (held in dollars).

Both of these are accrued from govt revenue only.

How does MTN balance sheet help the economy where they are not even quoted in the stock market and in a situation most of their earnings are repatriated back to their home base in south Africa ?

You better not come here and expose your ignorance further.

989900:
Like I said, I am not a policy maker, nor enforcer, I only comment as appropriate. It would have been a masterstroke, and, yes over 41 coutries have done that, and none of their head of government have been executed yet.

ATM, we hold other currencies including the yuan, and gold too as part of our Forex, increasing the Yuan storage was what it is/was about.
BTW, I prefer to stick with the topic.

Tell Buhari to diversify our reserves from the dollar to the yuan and see how and where that gets him with Washington.

Even our oil trade with china is done directly in dollars or through Chinese direct investments in infrastructure but never in Yuan.

So when you were prancing up and down shouting "master stroke " and declaring that the currency swap will begin in April this year and everything will be ok, I was just wondering how myopic the youth are today in international events.

All wars Washington has fought since the end of WW2 was to ensure that the dollar remains the dominant currency of trade!

Back to the topic and I see you still have you hopes up. If Buhari releases the remaining odd $26bn reserves in one fell swoop on the currency market and sets the price bidding from 500 naira to a dollar before the week ends , the naira will be trading well above 1,000 as Nigerians will rush to dump the useless naira.

Buhari at least knows this and that is why he refused to float the damn currency in the first place.

So all this wet dreaming you are having over this useless prediction will end up as an anticlimax just like the same yuan currency deal.

Proudlyngwa:
That is a kindergarten assumption, our reserves is a measurement on the strength of the economy. Do banks and BDC sell yuan?
Your question should be do we have enough yuan for our imports.

Our reserves are nothing but govt proceeds from one sector - oil and has nothing to do with our economy.

The reserves only help boost local economy by offering forex to business men to import goods and raw materials.

It has nothing to do with the economy as it is strictly controlled and managed by govt policies and not in any way a reflection of market forces.

DropShot:
The story will surely not continue like this. The key is policy implementation and sustainability to make the naira appreciate.

The story is too familiar and before you can say Chanji, Buhari will pass executive orders making it illegal for Nigerians to buy and hold forex.


He did it in 1984 and he will do it again when Nigerians begin to invest in forex only.

989900:
I hope you can differentiate between a copied material, and one written by a poster.

Yuan deal, yes, I am the CBN Governor, President of Nigeria, and China, and Chinese bank executives rolled into one.

I beg carry your emptyness and go o!

You don dey deny how you were jumping up and down saying Buhari has done a master stroke with the yuan deal.

Let Buhari try it and see if Washington won't assassinate him immediately .

Proudlyngwa:
I have asked that question before in a similar thread, half of our imports are from China, we have a trade relationship with them, why do we need the dollar.

Because if Buhari tries sh1t in moving our reserves from the dollar that is the day his Presidency ends.

Buhari and the Useles APC were supported by Washington for this sole purpose to enslave us to western banks .

Ask Ghadafi, Chavez why they are all long dead and they will tell you it's because they wanted to dump the dollar.

DropShot:
Why not relocate or renounce your citizenship?

The bitter truth.

No sensible business man will miss this opportunity to dump the useless naira

I admire the OP's optimism .


But oga OP what happened to the Chinese Yuan currency deal you were promoting all over this section?


Yeye

For where?

It has gone beyond supply of dollars to total lack of confidence in the naira and the ailing economy.

People like me will rush and buy at 340!

Nigerians with the means and foresight are dumping the naira because there is no investment prospect in Nigeria today owing to the clueless and directionless economic policies of the Dullard's govt.

Midget bin Rufai , the unrepentant boko sympathizer .

It isn't rape when they marry an underage girl of 9yrs without her consent.


This is just the tip . Everyday across northern Nigeria peadophilles srape their child brides . But it is allowed since their prophet set the example .

Why you marry from place where Magun was invented?

This alliance has only confirmed who Yorubas are in the eyes of the south south and middle belt.

If anything at all, no matter the outcome of the elections come February, the southwest will come out used and discarded.

Bumping in August, 2016

I no warn una

mandarin:
I understand your fears but unfortunately even in 100years it may not materialize, why? Culture of freedom.
No one stops you from doing Oro(cult) ceremonies, no one forbids you from holding stuffs in your mosques or churches. You will have no one to fight.
Anyone seen as a religious symbol and marketed that way cannot be a political force among Yoruba. Fashola is a nominal Muslim, every new year thanksgiving in Lagos during his regime had Pastor Adeboye as the preacher, same with Amosun, why do you think they associate with these men? Among the Yoruba, there are few exclusively religious families without the mix of everything and bigotry cannot win you any political popularity not even in Kwara.

I schooled in the southwest too and a group once attempted to disrupt a Friday class die to Jumat, to the surprise of all, Muslims students like themselves countered them that everything in life is of free will.
There's no way you won't have radicalized elements in Yoruba land but their fights will first start from their own families, they will first have to contend with pastors and easy going Muslims, babalawo etc in their families first. You can see why their futures aren't so promising.

I would have shared your hope and confidence of a political structure in the SW devoid of religious sentiments but a new wind has began blowing over the SW and that is a political movement promoting nationalism over sacred Yoruba ideology of freedom of political and religious expression.

There are more opponents of the likes of Fayose and FFK in Yoruba land than there are in the north.

When Olu Falae was kidnapped by Fulani herdsmen who attacked his farm, there were more doubts from the same SW questioning the octogerian elder statesman and chieftain of the once revered Afinifere.

A cursory look at these doubting Thomases who went as far as calling Falae a liar saw that they were mainly drawn from the APC and Muslim fold among Yorubas.

They took a cue from their lord and master, Tinubu who in an attempt to promote himself supreme in all spheres of Yoruba life, started the insults on Afenifere and the revered stools of Obas in Yoruba land.

To these misfits, Tinubu is lord, Nigeria is supreme even above Yoruba expectations and traditions and the northern Islamic front absolute.

If you doubt me, I will be posting links of topics created by Yoruba Muslims in the "Muslim for Muslims only" section to show you how these your brothers and sisters reason.

Esseite:
We all need One Nigeria.... because without the population (170m) citizens and counting, no one would use our seaport or products from farms, see our tourist attraction... we should all crave for one Nigeria.... Lagos is what it is today because of Tax, and Tax can only come into effect with a huge population. why then do you think UK is opening there borders to commonwealth nations? because they need trade.

Angola exports more crude than Nigeria as at today, but Nigeria is still very preferable business wise due to its large population, and that has kept us going.

Lol.

I bet you opposed Brexit and a champion of multicultural EU.

Abegi! Japan is a homogenous nation of peoples of one culture , religion and aspirations.

You are talking of huge market potentials but fail to see that the north is effectively pushing for a singular islamofascist agenda to replace all our identities just as they did to control the Hausa people through Islam.

The system is dead and can only be restructured to meet and accommodate all our ideals or dismantled.

You preach unity myopically through nationalism while the north is bent on using religion to break cultural barriers.


This is where liberal nationalism gets fcked regularly by fascist and communist ideology.

sarrki:
Lol lord ojukwu tried it and failed woefully so your ranting on social media won't take you anywhere . If truly all the SE believe in BIAFRA they won't flood other places with buildings & infrastructure.

So pls stop all this NOISE

I don't speak for Igbos because I am not.

I stated earlier in this thread that the Niger Delta is more committed to seccesion than even IPOB and can easily achieve this if we declared our intentions because we will not have much opposition from our own people since we remain insignificant minorities outside our regions unlike the igbos.

But we need the igbos to be part of our struggle not only because of their resilience and industrious nature but also as a buffer and military ally in our struggle.

So you can keep dancing naked like a mad woman in the town square over an issue that has nothing whatsoever to do with you.

apcisevil:
With all that why do you want to still be in same country with those you so much hate? With all those goodie goodies, I would expect you people to start championing an odua country

You dey mind them.

They can't govern themselves if they are left alone.

Common LG election they must do Amala politics and shed blood .

Their Muslim traitors among them will not hesitate selling them to the north.

And they have so soiled their reputation among their fellow southerners that making any form of political or militant front with the better south is totally ruled out.

Just like Domkat Bali, the need one Nigeria to work but unlike Domkat Bali who feared most of the ravenous Hausa Fulanis, they (Yorubas) are more afraid of their own shadow .

thedarksider:
they may be moaning,but they still dont want to be with you................

I don't need the same people who fought with relish to kill their own fellow Christians on behalf of their northern masters in the same country .

If they truly wanted to end the Fulani attacks they will know what to do and it isn't fighting for one useless Nigeria as Domkat Bali claimed.

thedarksider:
they may be moaning,but they still dont want to be with you................

You only decieve yourself .

Btw I am from Niger Delta and I support Biafra 100000000% becuase Biafra is the only solution to end the exploitation of our resources and lands and to prevent the jihadists bokos from occupying our lands.

So if you want these two things in Odua that is your problem

sarrki:
lolz . Wake up nothing like tribal war anymore our concern should be qualitative leader,Accountable leaders we need SW is not in struggle with any region cos God has favored her with

Lagos ........ seaport

OGUN ............. industrial hub

Oyo. ................ Arable land for farming

Osun................. Cultural heritage and Cocoa plantation

Ondo. ................ Bitumen, Crude oil and Cocoa plantation

Ekiti.................... Tourism

Above all Education for all

Then why do you want this useless one Nigeria to continue?

The honest truth is that the Yorubas can not govern themselves without Abuja.

You fought a long drawn civil war (kiriji war) for over 23 yrs and also betrayals in Ilorin who sold out to the Sokoto Caliphate.

You only knew peace from both the kiriji civil war and Islamic jihad breathing down your necks after you invited the British to take over.

If the better south (Niger Delta and Biafra) seccedes , you will not waste one minute fighting yourselves over who will serve as proxy head of the Yoruba people under northern rule.

This is the beautiful truth.

You would have decided to look into forming a common southern alliance with your southern neighbours but the igbos will have nothing to do with you given your history of treachery and betrayal stemming from the role you played in the brutal civil war 50yrs ago. The Niger Delta on the other hand have a more recent history of your betrayal in the role you played in derailing, insulting and eventually removing their son from office.

As things stand now, you guys are doomed for Hausa/Fulani occupation.

AgentApple:
The fulani herdsmen have executive cover reason why they have become such a great problem to the MB & South.

The jihad has been restarted.

Ignore the Yoruba muslims . They have already signed up like their Afonja descendants.

Here is Khalifar Buhari receiving the black standard of jihad from Saudi cleric

AntiMahdi:
The last Islamic Confrence on "peace" held in Abuja was just a front to flag off and open a new front on total jihad in Nigeria and to appoint Buhari as its supreme commander in our nation.


https://cdn-6.encomium.ng/wp-content/uploads/2016/03/PRESIDENT-BUHARI-ATTENDS-ISLAMIC-CONFERENCE-6-650x400.jpg

All over northern Nigeria, the Amir palaces are flying this jihadist flag since Jonathan was sworn in.

The jihad is on and only a fool will be caught unaware.

thedarksider:
ohh nooooo..there you are very wrong.....you have pissed off the yorubas sooo much,they think now,anything is better than you.....


they want you gone!!...south-east belongs to yorubas too!!!,,,before you start salaiving from biafra dreams in the se....

Keep playing the ostrich.

The middle belt that won the war for you are moaning under the groan of one Nigeria as can be seen with the carnage caused by boko haram.


And if you must remember, that statement is from no other than Domkat Bali and not an Igbo.

So keep deluding yourself on one united Nigeria .

Myopic frog boiling in water.