OasisX:


......Sad News: 1km completed, 699kms to go - Lagos-Calabar Coaster Highway.

Itsrm:
"I perceive a future where we really don't need to intervene"

Tells me all I need to hear.

Ellexy:
Where is the train track in the middle they said the road will have?

BlueRayDick:


That's what is called PROPAGANDA .

Most people don't know propaganda includes facts, half-truths , outright lies and sometimes a mixture of everything just to influence public opinion.

U can see Cardoso's statement has already achieved its aim .

Person say he perceive a future where they won't need to intervene ( which obviously mean that's not what obtains in the present ) , but see people refusing to see his statement was half-truth. He talk half, he leave the other half for una to go figure .

At least he was wise enough not to ask people to go bring evidence of intervention like petroleum minister was asking

OasisX:




.......train track construction will begin from Jakande bruh.

DissTroy:


No. Akwa State University main campus is at Ikot Akpaden, Mkpan Enin LGA, while the annex is at Obio Akpa, Oruk Anam LGA.

Oruk Anam is the largest LGA so maybe not so much. Like I mentioned, interiors. The neighbouring Ukanafun LGA is a good option.

Onna and Esit Eket LGAs might work. Udom urbanised those areas though.

Just avoid Eket and Ibeno - oil-producing areas snapped up by the big boys.

Avoid this area. Completely urban. Rivals Uyo, Eket, and Ikot Ekpene for urbanisation somewhat.

The refinery is at Ete in Ikot Abasi. The fertilizer facility is close to the Mkpat Enin axis but still in Ikot Abasi LGA.

ALSCON and Ferrostal company take up the other expanses. Ibom Power Company takes up the Ibekwe axis after the refinery still in Ikot Abasi LGA. The Federal University of Technology, Ikot Abasi (FUTIA) takes up the rest.

No available lands for such.

Ukanafun LGA might work.

----


Wait a minute... How come you know that axis so well?

Ellexy:
Na wetin Umahi tell you?

BlueRayDick:


That's what is called PROPAGANDA .

Most people don't know propaganda includes facts, half-truths , outright lies and sometimes a mixture of everything just to influence public opinion.

U can see Cardoso's statement has already achieved its aim .

Person say he perceive a future where they won't need to intervene ( which obviously mean that's not what obtains in the present ) , but see people refusing to see his statement was half-truth. He talk half, he leave the other half for una to go figure .

At least he was wise enough not to ask people to go bring evidence of intervention like petroleum minister was asking

Ibime:


A Central Bank Governors job by definition is to avoid spooking the markets. Propaganda can't be levelled against him, he is doing his job which includes softening the message and obfuscating the naked truth if need be (not saying he is). He is simply doing his job towards a greater goal of protecting the economy.

Ibime:


A Central Bank Governors job by definition is to avoid spooking the markets. Propaganda can't be levelled against him, he is doing his job which includes softening the message and obfuscating the naked truth if need be (not saying he is). He is simply doing his job towards a greater goal of protecting the economy.

BlueRayDick:


Nobody said the CBN governor shouldn't do his job .

Nobody said defending the naira is wrong or illegal .

In fact, nobody really cared about whether Naira was being defended or not until Tinubu led APC government made defending the naira look like a bad thing .

The CBN under Cardoso bold faced told us naira has been floated and henceforth the CBN will no longer determine the exchange rate but that only interaction between demand and supply will be determining the exchange rate . The old practice of defending the naira or intervention by CBN will no longer happen .

So we are only curious to know if like most of Tinubu's policies that didn't work out as planned; perhaps they have quietly gone back to the drawing board without "louding it ". At least that was what happened with petroleum subsidy .

It's nothing deep at all

Ibime:


It's allowed. Peter Obi said he would float the Naira, then when it floated too far he said "I would have floated it, but defended it at N700".

Only first world countries can really guarantee a float without interventions.

BlueRayDick:


Nobody said the CBN governor shouldn't do his job .

Nobody said defending the naira is wrong or illegal .

In fact, nobody really cared about whether Naira was being defended or not until Tinubu led APC government made defending the naira look like a bad thing .

The CBN under Cardoso bold faced told us naira has been floated and henceforth the CBN will no longer determine the exchange rate but that only interaction between demand and supply will be determining the exchange rate . The old practice of defending the naira or intervention by CBN will no longer happen .

So we are only curious to know if like most of Tinubu's policies that didn't work out as planned; perhaps they have quietly gone back to the drawing board without "louding it ". At least that was what happened with petroleum subsidy .

It's nothing deep at all

LordAdam16:


Precisely why data is of the utmost importance when parsing the statements of central bank governors.

Unfortunately, under Cardi B's regime, they've been quick to share favorable data but deliberately withhold hard data that'd offer clarity.

This is a Governor who sent out a spokeswoman on a late week afternoon to organize the media and wax lyrical that billions had come in after the just-concluded TBill auction. Information one could already glean from TBill auction data and the FMDQ.
Yet now he has refused to state exactly what debts accrued since Q2 2023 could possibly be responsible for hiking our traditional debt service payments so high that it results in a negative $2B reserve depletion.
More importantly, considering he's already taken more debt at the start of this year at worse interest rates (double digit) and already preparing to take on more, what does it mean for our monetary position going forward.

This is an administration where the Minister of State for Petroleum can go on the record and insist that subsidy is not being paid on gasoline.
Forgive me for not taking the words of a central bank governor of the same administration at face value. As folks would say, he should show workings.

-Lord

User09:
Plenty grammar, arrogance, noise, pontificating but zero substance. This Lord guy dey funny me die .

Walahi he has zero to little knowledge of fundamentals. Just associating and garbling terms together.

My apologies Lord, I know this is a personal attack but I just couldnt help it . Just allow me this moment, I'm still celebrating Arsenal's L

BlueRayDick:


How Peter Obi take enter this matter now ?

LordAdam16:


You are excused.

Arsenal should be made to give up their CL slot.
Still ruing their weekend disaster, then somehow capitulate to one of the worst Bayern teams in recent history.

-Lord

User09:
Plenty grammar, arrogance, noise, pontificating but zero substance. This Lord guy dey funny me die .

Walahi he has zero to little knowledge of fundamentals or economics. Just associating and garbling terms together.

My apologies Lord, I know this is a personal attack but I just couldnt help it . Just allow me this moment, I'm still celebrating Arsenal's L

Ibime:


Central Bank Governor and Petroleum minister are two different briefs. We expect half truths from CBN so long as their data is correct. It is not seen as lying, but picking out the stats that favour a positive narrative. So long as their stats are truthful, they can give whatever interpretation they want about the stats. Just like CFO before quarter end who will suddenly find a favourable true-up, or rebase their assumptions on 365+ Bad Debt calculation in order to hit a profit figure analysts are expecting before quarterly reports are due, in order to save the stock from tanking. Finance is about massaging the message and managing the results in lean periods, until a bountiful period allows you to clean out all the cobwebs and absorb all your writedowns. Or alternatively, you bring out all your dirty laundry when the economy crashes (which I suspect many NSE CFOs are currently doing, burying their bad news amongst the greater bad news.)

For me as long as a central bank publish their stats and stats are accurate, Governor can paint whatever picture he wants. Cardi B problem is that Emefiele so fücked up the reserves, our central bank can't afford to give full disclosure for now

I for one don't believe our Foreign Reserves figure of $32bln. I have never seen where CBN will hold $32bln unencumbered and be begging hat in hand for loans of $3bln, $1bln and $600m to stabilise Naira. Loans for Naira defence are a foreign concept in our monetary policy. With $32bln, you can defend Naira for up to 3 years before it hits zero

I believe the JP Morgan reports that most of the $32bln is encumbered and this is why I believe Cardi B is not in a position to give full disclosure because the naked truth will tank Nigeria. The Afrexim loan alone is enough signalling that all is not well. Cardi B is doing his best under the circumstance.

Or alternatively, you bring out all your dirty laundry when the economy crashes (which I suspect many NSE CFOs are currently doing, burying their bad news amongst the greater bad news.)

iamoyindamola:
https://www.nairaland.com/8064972/air-peace-accused-abandoning-abuja-owerri
Nawa o
Someone said majority of their pilots are now international

BlueRayDick:


What did I just read ? Owerri airport closes at 6.40pm ?

Yet all these stupid governors want to keep spending state money on building more airports .

Na wa o. Airport Dey close 6.40pm ; only God knows what time Eboyin airport will be closing; maybe 3pm or earlier sef.

Ellexy:
So, weather controlling science backfired and we have flood in the desert.....

iamoyindamola:

Snow go soon fall for naija be that