deomelo:





Igbos and bad news, sadness, pain, sorrow and negativity are like brothers and sisters.


Shouldn't you be asking yourself and fellow athirefKUlooters why Jona stole and gave our $2.8 billion security and anti terror fund to Dasuki/ATM to share with his PDP cronies like FFK, Fayose, Dokpesi and others?



Silly Atiku slave Igbos..

I'm deeply worried at the way they are celebrating that horrible video by Boko Haram.

Politics has made them inhuman.

HAH:


He will win Ondo,, Lagos, and Ekiti
He will win Adamawa, Gombe and Taraba
He will win sokoto, zamfara and kaduna
He will win Plateau, Benue, Kogi, kwara and nasarawa
He will winAbia Enugu, IMO,anambra and ebonyi
He win win Rivers, bayelsa, Edo, Delta,cross rivers and akwaibom

That is 24 state, mark this post

Please count Anambra state out of your rubbish list!

fokye:

your question should be, what did it get Nigerians? Because I think Igbos are doing better individually than any other tribes even with this economic hardship

Yeah. You are right. On social media.

HAH:


He will win Ondo,, Lagos, and Ekiti
He will win Adamawa, Gombe and Taraba
He will win sokoto, zamfara and kaduna
He will win Plateau, Benue, Kogi, kwara and nasarawa
He will winAbia Enugu, IMO,anambra and ebonyi
He win win Rivers, bayelsa, Edo, Delta,cross rivers and akwaibom

That is 24 state, mark this post

He will win ogun state. Gbenga daniel n obj factors

Am not sure if Atiku can win any of the s/w state. Chaii ko rorun rara

dre11:




•To kick start campaign in Lagos on November 28

•To embark on house-to-house campaign

•Tackle APC on issues as SW voters ‘cannot be led by the nose’

•To leverage on influence of Obasanjo, Afenifere leaders






http://thenationonlineng.net/atiku-plans-defeat-buhari-southwest/

Babs91:
Am not sure if Atiku can win any of the s/w state. Chaii ko rorun rara

How old r u? Am sure u r under 26. So u know absolutely nothing.

midolian:


If you like, kick start the campaign in Tinubu's house on same date


If you like, embark on room-to-room campaign



S/West voters are still breathing fine. It is better than being led by the throat



Same irrelevant Obasanjo that can't influence the leadership in Ota farm?

As useless as "P" in the pronunciation of "psychology" is, we all know it is far more useful than Afenifere.


And in the end, he will know that the beautiful people of the South West aren't stew slid!

We are not blindfolded in politics and we will never support evil. Supporting PDP is like saving money to buy one's own coffin.

πe×t Le√el, please

my guy you get bad mouth o, i gbadun your analysis

Felixv:


https://qz.com/africa/564513/a-not-so-brief-history-of-the-fall-and-fall-of-the-nigerian-naira/

read and understand how we got to this mess.

Read the report again

The 2nd to the last paragraph is exactly what I spoke about. Buhari changed the floating exchange rate policy he inherited and used a pegged exchange rate system instead. It was a recipe for disaster.

The article called it a CBN policy but rather a Buhari policy as it coincided with his assumption of office. It is reminiscent of his lamentable economic policies of his first stint in power in 1983-1985.

Countries have fled pegged exchange rates or tight bands to the dollar or other currencies starting with crisis in the Mexico in 1994, Thailand, Malaysia and Indonesia in 1997, Russia in 1998, Brazil in 1999 and Argentina in 2001.

Why the average Joe does not like a floating exchange rate is because if there’s an influx of forex, the currency firms up but if there is an outflow, they don’t want to accept reality that the currency will depreciate. The sooner you accept market reality, the better

You worsen matters when you now start using amateurish means such as import bans and forex rationing, the sort of methods Statist like Buhari prefer.

A floating exchange rate helps create an equilibrium As your currency depreciates, due to declining influx of dollars, this makes imports more expensive and makes exports more competitive and more attractive to businessmen

Of course, it can be frightening when forex declines happens rapidly like it did from 2014-2015 but it is futile fighting the market and thinking you’ll win. The Swiss central bank spent $30b in a futile attempt to prevent the Swiss Franc from revaluing but eventually threw in the towel

From mid 2014, the Naira starting falling from 150 to 200 to $1 by May 2015 when Jonathan left office due to fast decline in crude oil price. Emefiele allowed market realities to take place Despite the decline in forex inflows, there was no report of forex shortages.

Buhari thought exchange rate was fixed by the air and you can just give it any rate and it will stick! That’s why people doubt he has a certificate! I can’t blame them. Worse, he won’t take correction

Despite fixing the rate at 197 because the CBN, could not defend the rate which is a pre-requisite of any exchange rate you choose to have (what does Buhari know), buyers started to switch to the black market when government supply was not enough. This quickly led to a fast widening spread between the official rate and parallel rate

During Soludo and Sanusi’s tenures at the CBN, they did their best to keep the difference between the official rate and parallel rate at no more than 3%. At times it was probably less than 2%.

As the CBN couldn’t meet demand, the spread started getting out of hand. First, for the first time in decades, Letters of Credit issued here were not backed with enough forex and local banks could not meet the foreign exchange obligations with their partner overseas banks. This was scandalous.

The spread at one time hit 360 while the official rate while the official rate stayed at 197 creating a round-trippers heaven.

dre11:




•To kick start campaign in Lagos on November 28

•To embark on house-to-house campaign

•Tackle APC on issues as SW voters ‘cannot be led by the nose’

•To leverage on influence of Obasanjo, Afenifere leaders






http://thenationonlineng.net/atiku-plans-defeat-buhari-southwest/

After they finished Swindling SW out of the PDP Chairmanship.

grandstar:


Read the report again

The 2nd to the last paragraph is exactly what I spoke about. Buhari changed the floating exchange rate policy he inherited and used a pegged exchange rate system instead. It was a recipe for disaster.

The article called it a CBN policy but rather a Buhari policy as it coincided with his assumption of office. It is reminiscent of his lamentable economic policies of his first stint in power in 1983-1985.

Countries have fled pegged exchange rates or tight bands to the dollar or other currencies starting with crisis in the Mexico in 1994, Thailand, Malaysia and Indonesia in 1997, Russia in 1998, Brazil in 1999 and Argentina in 2001.

Why the average Joe does not like a floating exchange rate is because if there’s an influx of forex, the currency firms up but if there is an outflow, they don’t want to accept reality that the currency will depreciate. The sooner you accept market reality, the better

You worsen matters when you now start using amateurish means such as import bans and forex rationing, the sort of methods Statist like Buhari prefer.

A floating exchange rate helps create an equilibrium As your currency depreciates, due to declining influx of dollars, this makes imports more expensive and makes exports more competitive and more attractive to businessmen

Of course, it can be frightening when forex declines happens rapidly like it did from 2014-2015 but it is futile fighting the market and thinking you’ll win. The Swiss central bank spent $30b in a futile attempt to prevent the Swiss Franc from revaluing but eventually threw in the towel

From mid 2014, the Naira starting falling from 150 to 200 to $1 by May 2015 when Jonathan left office due to fast decline in crude oil price. Emefiele allowed market realities to take place Despite the decline in forex inflows, there was no report of forex shortages.

Buhari thought exchange rate was fixed by the air and you can just give it any rate and it will stick! That’s why people doubt he has a certificate! I can’t blame them. Worse, he won’t take correction

Despite fixing the rate at 197 because the CBN, could not defend the rate which is a pre-requisite of any exchange rate you choose to have (what does Buhari know), buyers started to switch to the black market when government supply was not enough. This quickly led to a fast widening spread between the official rate and parallel rate

During Soludo and Sanusi’s tenures at the CBN, they did their best to keep the difference between the official rate and parallel rate at no more than 3%. At times it was probably less than 2%.

As the CBN couldn’t meet demand, the spread started getting out of hand. First, for the first time in decades, Letters of Credit issued here were not backed with enough forex and local banks could not meet the foreign exchange obligations with their partner overseas banks. This was scandalous.

The spread at one time hit 360 while the official rate while the official rate stayed at 197 creating a round-trippers heaven.

I am not an expert at monetary policies but one point that was glaringly obvious was the fact that we didnt have enough money to defend the naira.

So the question is , why were we defending a currency that should have been allowed to be controlled by market forces - why were we creating an articificial exchange rate.

I believe the main issue - as highlighted in the report was the reckless way we spent our money - in the time of boom we didn’t save enough.so when a crisis happened we were left exposed.

We produce only one product and that is oil - our economy needs to be diversified so we would not be vuberable again

Can you stake your life on this?

Skirmishes:
Atiku is going to win 20 states next year...

You can quote me on this, I can bet on this.


3 states in south west
2 states in north east
1 state in north west
5 states in south east
3 states in north central
6 states in south south

Splitting ofvotes in the SE is not new!

otuekong1:
I Think D Apc should wake up,from the osun election it can be seen that d yoruba's will split d votes in btw d 2 major parties

fokye:

your question should be, what did it get Nigerians? Because I think Igbos are doing better individually than any other tribes even with this economic hardship

Why are they not paying my rent?

Skirmishes:
Atiku is going to win 20 states next year...

You can quote me on this, I can bet on this.


3 states in south west
2 states in north east
1 state in north west
5 states in south east
3 states in north central
6 states in south south

He can but he may still loss. it depends on the state that win in south West and north West. Lagos, Ogun and Oyo have highest population in south west and Kano, kastina, Kaduna and sokoto have the highest in north West. all south south without River state is not up to Kano state alone. And all south East its not up to Lagos, Ogun and Oyo state population. He need to work harder.

Oshigun:


The rest of Nigeria will side with you Igbos to include Northerners who gave you quit notice not too long ago? Disaffection for Igbos has never been higher and your likes are not helping by peddling the hate and ethnic bigotry Kanu and others used to get you in trouble in the first place. Kwantinue.

ur right they gave us quit notice , that's why there are 11 million of us over there

Skirmishes:
Atiku is going to win 20 states next year...

You can quote me on this, I can bet on this.


3 states in south west
2 states in north east
1 state in north west
5 states in south east
3 states in north central
6 states in south south

Atiku cannot win any state in south west and north west, he's also going to win only Benue and Plateau marginally in north central. He's going to lose big and you will be very disappointed.

DrDauda:


How old r u? Am sure u r under 26. So u know absolutely nothing.

A 26 years old knows nothing?? From his analysis, he's even smarter than you that call yourself ancestor.

Okoyeebo:
See hidden posts everywhere.

Let me resist the temptation to post. I don't want pigs and idiots crying to Shuku Obuko Eponmalu tonight.

Chai,see how you vividly described your family sha