₦airaland Forum

Nvestor02:
I know it's a fake news... Coup is not an easy task in the present day Nigeria and there is a high percentage that it will fail and bounce back.

Tinubu ride on jor.... Dollar no even get strength.

See how e dey fall yakata for Naira .

The only way a coup can fail is if there's dissolution of power. OBJ tried to hint tinubu but I hope he gets it. I don't like tinubu but a military rule is a no-no amd it can very possibly happen. It's hausa dat dominate the military so its very possible. Tinubu should quickly restructure to end anything coup. Once the power centrally is not as strong as it used to, there would be no point of a coup. E.g America/canada- the states/region are independent & control their resources while also controlling security, now how will a soldier gain legitimacy in a coup there? If he removes the president, it changes nothing, the states are very well equipped and he cannot face the states cos they got enough police at local, council and state govt levels. Tinubu should not allow greed of national cake to destroy him, let him restructure like he always said otherwise he would wake up to goodbye sir

3 weeks orientation camp 3 guys don pass you around. Body count opportunities.

We will come out with koboko in SE to see any fool that will protest. Chineke gakpoya oku

CaptainFM1:
I really don't bluudy care who is playing games with one another. It's none of my business. My point is government internal memo should be what it is. We have really turned this country into a toothpick.

Lol at toothpick. U can say that again

CaptainFM1:
How's internal memo being leaked so easily like that? Shouldn't somebody be going to jail for this?

Nobody's going to jail cos it's karma at play. They also leaked confidential info to Sahara reporters during GEJ time, don't be quick to 4get

Big disgrace man. Damn

Ah ah meanwhile ronuites wey trek for buhari from SW to Abuja go don reach by now

Hope wan run him supreme court parole for you but e no work. Be like edo no be imo

The fool lose both him money and girlfriend in one week

This is the only thing the west understands. U must come from a position of strength otherwise you would be pushed around and ridiculed like nigeria

Chukwuka319:
Am unapologetic Igbo but I must be brutally honest.Anyone with insults can direct them to his or her ancestors, and generation unborn.
Why are they harassing Gowon? He spoke the truth about the civil war.
Gowon never wanted the war to break out and sought peaceful means of settlement,but Ojukwu was reckless,rash and too eager to pull Igbos out of Nigeria.
Well Gowon is still alive, healthy and bubbling in good health, while Ojukwu the war lord has long ago passed to the other Side.
And Gowon is older than Ojukwu.
Irony of life.

See this yoronu claiming igbo. You don't even know ur own history. Gowon could have stopped it from even reaching a war thing but he was too lazy and weak against the powers behind him

That is how it starts, the soldiers will step in to enforce law and order then shoot innocent looters leading to all out revolution.

And the coward probably paid for her... he's even crying lol. Seems like people from that region cry easily

Hunger induced revolution is the worst kind. It's usually very violent and politicians will have no way to escape. Tinubu should continue being clueless when it sets, he will realise that he surrounded himself with yorubas who have no balls

Tribalism what they are known for

emkz:
These are just temporary measures and are bound to fail. The forex market in Nigeria is like a hydra-headed snake. Cut one head; as you face another head, the first head will grow back. Cut the damn neck! In other words, let the CBN address the root of the problem instead of pretending they don't know.

Since last week, dollars injected into the forex market are mopped up.

Who exactly are those mopping up the forex?

What economic activity is tied to the raid of the forex?

Ribadu claims the activities of speculators are responsible for the hike in dollar rates.

My question to Ribadu is: why are the speculators not afraid of the government?

For many years, bank MDs have been accused of buying forex from CBN and the forex goes into the black market through back channels, for example, there are vulturistic abokis sitting in banking halls trying to buy off dollars from customers.

Who regulates those abokis?

If the $10billion the vice president said would come into the system enters, it would be evacuated by the same speculators which would not solve the problem.

My observation is that CBN has lost complete control of the forex market and are being regulated by the BDCs and population instead of CBN being in control. All over the world, forex trading is heavily regulated by governments through central banks.

What I also observed is that the dollars are mopped up by those who don't need them but are keeping them for a profit. Therefore, let CBN take complete control of the forex market through the following measures:

(1) Deregister all unlicensed BDCs. That market is heavily unregulated and until they are faced squarely by the authorities, the practice of the naira dying will not stop.

(2) Stop selling dollars to commercial banks as it is clear that they have failed in meeting their obligations to customers with the dollars. People who approach the banks for PTA/BTA and school fees are directed to the BDCs. Why do BDCs have dollars and banks don't? Even with banks, some people still approach the CBN to transfer their school fees. Infact, it was found that the banks had $5billion in their vaults. How come no one has been punished when these same banks created artificial scarcity to push people to BDCs?

(3) All banks should be compelled to show a statement of how they used the dollars they received from the CBN from the last two years. At least it would give us some ideas of what disappeared through the black market.

(4) CBN needs to carry out a tsunami on the banking industry. Use some bank MDs known for the forex fraud as examples by dismissing them for breaking the law.

(5) Once all these measures are taken, the CBN must protect all forex coming into the country to ensure the problems we currently have are not iterated.

In summary, CBN needs to take drastic measures to regulate the market.

There are other measures that can be taken to get the dollars from those who have stored them. Whether the CBN would have the will is something else. The Nigerian forex market is like those who pirate music.

Kill the black market for forex.

Honestly while bankers make money from forex trading the money is not made from selling to aboki(lol).& the banks are not the problem, the govt is. Putting the blame on banks only shows that you subscribe to ronunomics. The govt should first tackle insecurity in the north central, that way we can increase fx inflows tru sales of agricultural products. Also they should reduce the custom charges of goods imported to nigeria for things we can't produce like car parts, truck parts, machinery parts etc. Custom charges of 9-10m naira for one container is outrageous and damages our economy because the importers will simply pass the price burden to the end users making it very expensive. The govt should also sell our crude in naira that way we can determine the value of our currency at our own conversion rate. The govt should also collabo with banks(expand their operations) into the oil industries tru PPP between banks and other individuals to rapidly build modular refineries with at least 5kbpd with an estimated completion date of 2-3 years. As for the inflation, simple. Outlaw the use of 1k, 5h & 2h notes while the cbn offer juicy rates like 10% of various fixed & investments deposits both in naira and dollars. The naira in circulation has about just 20% in the financial industry meaning people are hoarding both naira and dollars.

Lol

VeryWickedMan:
I swear I'm better than Tinubu.

He's now the most useless president in the history of Nigeria. Look at whom ronu idiots forced on nigerians. Omase ooo. Ebi moawa ooo

U go arrest tire no evidence

My people they did this before during buharis tenure. If you have VPN and still use it just hide the app in many folders cos what police will start doing is checking phones for binnace app. Be warned

MrPOTUS:



Wil this not increase inflation?


Someone should enlighten me

Exactly. This guy honestly needs to be stopped before he does more damage.

Weak ass mofos that were the first to run away from Afghanistan.

Why can't this people just respect their hosts

gabicon:
I'm not sure why people support coups, if we look across Africa over time, we will realise that coup government haven't made the lives of citizens of any country better. Coup starts with them selling hope of a better future, then they taste the resources of the country, after which normalizaton occurs. Africa needs to find better ways of governing themselves and this better way starts with the administration of criminal justice.

Most African people dont care about governance. They don't participate, demand accountability and take their country seriously. Democracy in its real form destroys the thriving of. coup because it will dissolves power to the local federating units- council, LGA, State Gov, Federal. There's no central Power to usurp as each region/state can function independently irrespective of central[i] "leadership"[/i]. They control their resources & security internally. While the central leadership protects external security.

Ebinpawo1:
God when shall it be in Nigeria...?
When shall out gallant men rise up to the occasion...?
That seems to be our last hope now..

How cowardly are you to mention military take over?,?,? are you not tired of your suffering? The military is anoda elite arm of govt na d same padi padi men. If you really want things to be better once and for all you need to come out and do the needful. The revolution has to be from the people to have real change. Like the people of Sudan. They removed Bashir alaasad thru a revolution, d military quickly took over promising to bring stability & democracy, 2 years no signs of democracy, they started another revolution... na so e suppose be.

Lilosio:
Are you quoting the bible? If not please lay down facts to check and confirm what you saying and don't bring wikipedia here..

It's a corrupt organization that edits pages every seconds to soot it's agenda

Nope it's based on a documentary I watched on History Channel which interviewed both Arab, and christain scholars on the issue. Palestinians and Arabs only started to settle after Saladin won the crusades in favor of Islam and he spread Islam to eventually form Ottoman empire. The original owners of that land were the caananites they were eventually pushed out to form Lebanon, Jordan and some parts of Syria.

[quote author=Lilosio post=128547719][/quote]Ok are you saying the entire land of Israel belonged to the Palestines? So who were the Palestine and how come they were never recorded historically as being the true dwellers of Israel? At least it's on record the caananites lived there before the jews conquered and settled there. So when did d Palestine begin to occupy Israel cos from records its after the christains lost the crusades to the Muslims that the land of Israel were occupied by eventual Palestinians. The caananites are/were not Palestinians

Men do not trust anyone, do a DNA test. Except the child na ur carbon copy. Wetin go pain you no be the cheating, but the resources spent raising anoda perso pikin.

The only place I can rest my head comfortably in SW is lagos. Other places I don't bother to go there. Even if I have to, this is how I go

Blazebond:
MUMU Israel,Brazil have already sent the Israeli ambassador packing and closed their embassy in Israel permanently,they have cut diplomatic ties with Israel kpatakpata,all of you that supported Israel in this their genocide against innocent children and women will suffer the same fate as those people,you all are heartless idiots.

Israel says that the war would end if Hamas were to release the Israeli hostages it took during its October 7 onslaught, and surrender.
Why can't you people advice hamas to do such? Why can't the hamas president surrender himself to ICJ & tell his people to surrender for now? Why fùcking Arabian bitches & enjoy shisha in Iran while his people are being killed? His cowardice reeks like that of a particular tribe in naija

AllenSpencer:
You started from October 7. Why don’t you start from the Nakbha in 1948.

You oppress people for decades and expect them to watch? Who does that on Earth?

So by your analogy it's ok for ESN to now enter lagos or Abuja and shoot up people in shoprite, kill police and army and still take nigerians as hostages since they have been oppressed by Nigerian army since 1967? It's hypocrisy to wish the best for foreigners(Palestinians) while wishing the worst for your African brothers(igbo). Mind you hamas is a government in Gaza, they were duly voted for and elected in a free & fair election. So what's happening is war between two nations, one must surrender or be annihilated

Tinubu let nigerians breathe. Importers are paying as much as 12-15m to import basic necessities thereby passing the cost to Nigerians. While the NCS keeps increasing in revenue, Nigerians keep nose diving in poverty