This Tilubu has no functioning brain. This meeting was fruitless and lack substance. It is obvious that Nigerians are in problem and our leaders are so useless and clueless in tackling those problems.

Tilupu will die a painful death.

It have been said but we're waiting for the action towas it

sketching:
Six decisions from Tinubu, 36 govs meeting



https://punchng.com/six-decisions-from-tinubu-36-govs-meeting/

sketching:
Six decisions from Tinubu, 36 govs meeting



https://punchng.com/six-decisions-from-tinubu-36-govs-meeting/

One of the grouse of Nyesome Wike on his estranged political godson in Rivers state is the former's attempt to resuscitate Songhai farm and the fish farms built by Amaechi.

Had it been Wike as Governor gave priority to agriculture by now Rivers state would have been self sufficient to an extent in food production. The Cassava processing farm in Afam, oyigbo that was built by Shell as part of their CSR and handed over to Wike has been under lock and keys for over 5 years. That plant would have helped in processing garri in an industry scale if it was put to use.

The fish farm built by Amaechi but sabotaged by Wike would have helped in complimenting our fish mix in Rivers state. But because Wike had an aversion for anything Agriculture, his minions stole all the equipment put in place at the Buguma Fish farm and others and also ate the fishes.

Should we also mention how Wike paid touts to set ablaze the banana plantation farm in Ogoni after deceiving the Ogoni youths that they are not monkey. Meanwhile, country like St Vincent in the Caribbean has as it number one revenue earner, the export of banana.

Every state governor should be made to invest in Agriculture. We have arable land so have no business having challenges of feeding ourselves in Nigeria.

So these are the things that 36 governors used state money to fly to Abuja to hear....

It should have been communicated through WhatsApp message na

No security = No food security

The meeting is a total waste of time
Does that mean the governors didn't know to do all these before?
Also, when had governors ever don't whatever the federal government asked?
Is it the hoarding of food that is causing increased prices of food?
Mtcheeww

adyam:
We must begin to ensure that our state governors are held accountable.

Of course, we should now be holding our governor's accountable so as to let off the hook your clueless president!

No cognitive and proactive plan and approach to tackle the present situation ravaging the country.

Rubbish gathering

EverythingPhone:
Okay …but ebi nsi pawa o
Meanwhile I track lost or stolen phones or devices at an affordable fee
A trial will definitely convince you
Contact me via siggy below

Can you send me your number so I can call you

sketching:


There has been serous neglect in government, so they are starting allover from basics.

That's long term plan..

on the short term... bring in food and watch the prices..
people are dying...

people are dying...

you can't be yapping about boosting local production as if the gains can be felt this evening..

What a useless administration
continuing where Buhari stopped indeed

The more money in the governors' hands, the more money to loot by them and their cronies.

The impact of the huge increase in allocation that they have been collecting since June last year has not been felt by the citizens of the states they are ruling. All the half hearted and badly monitored palliative measures initiated by them have no effect on the general masses. And there is a big crisis now in the food, health and security sectors of the country.

People are dying and angry, and the rulers should take caution. Because when the fire burn, it is going to consume them.

Nonsense

The President is absolutely taken the Nigerians for granted. There is a serious issue of hyke in the country and he is busy doing his own things without minding what the masses are going through.

mrvitalis:
There is food crisis and the best the President can say us find a way to produce more food?

Lmaooo

We need to fix insecurities? Lmaooo

This people no dey even rate Us

Which kind general none specific statements are these

APC has absolutely nothing to offer the economy is too difficult for them to handle and they are too arrogant to admit it

What you people don't realize is that it's your state government that owe you a duty of care to make food available, out of the billions in monthly allocation each state should be able to go in farming just to feed their state

twilliamx:


What you people don't realize is that it's your state government that owe you a duty of care to make food available, out of the billions in monthly allocation each state should be able to go in farming just to feed their state

No body is crying about availability of food they are crying about inflation, unstable exchange rate, economy regression, insecurity and national instability

No body hold their leaders accountable more than Igbos

No single bad Igbo governor have a cult following none zero

Turn dem into action make we see. Na statistics or decisions we go chop? 😆😆😀🤣

sketching:
Six decisions from Tinubu, 36 govs meeting



https://punchng.com/six-decisions-from-tinubu-36-govs-meeting/

So which one of the actions is he going to carry out
Someone need to tell Tinubu this is not how to run a federation.
Nigeria is a Republic not a monarchy where the king dishes out orders to his chiefs. He's just wasting his time. Just as he has a mandate to serve the people, do do the govs. They don't report to him neither are they duty bound to carry out any advice or instructions from him.
I see this as just political camaraderie for the gram and nothing else

twilliamx:


What you people don't realize is that it's your state government that owe you a duty of care to make food available, out of the billions in monthly allocation each state should be able to go in farming just to feed their state

Can you quote relevant portions of the constitution that makes it the duty of the states to farm and feed their populace?
For me, it's becoming clear that apc are actually very clueless about governance.
When Tinubu was gov, did anyone ever call him to state house to tell him how to run his state?
Secondly, how exactly will states like Lagos, Rivers, Bayelsa now "feed" their residents since you say it's the responsibility of the states?

If u want to know a good leader , Watch how he fights corruption.

Yesterday I had to park my car somewhere and use Tricycle.....
While we were stalked in traffic, Myself and the keke driver indulged in some interesting gist.
He practically told me that the traffic am seeing right now is caused by police officers. They cause traffic every time just to make it convenient for those idiots who issue tickets to collect their money. These ticket guys are placed at random in different bus stops without any legal means of identification. They are stationed to collect money indiscriminately from keke riders....

That's is just one amongst many evil things happening in the country.

mrvitalis:

No body is crying about availability of food they are crying about inflation, unstable exchange rate, economy regression, insecurity and national instability

No body hold their leaders accountable more than Igbos

No single bad Igbo governor have a cult following none zero

Did I mention anything Igbo or hausa here. The president conveyed a meeting and all that you mentioned was addressed! I remember when some ritualists were killing people in ikorodu area of Lagos, the state government did wait on federal government to flush them out. He tackled it decisively, what exactly are the state governments doing to secure there states? Government is not just one tier, every tier has to contribute their quota to make it a success

Those are not all decisions. Majority are pleas from the president. Falling on deaf ears as usual.

twilliamx:

Did I mention anything Igbo or hausa here. The president conveyed a meeting and all that you mentioned was addressed! I remember when some ritualists were killing people in ikorodu area of Lagos, the state government did wait on federal government to flush them out. He tackled it decisively, what exactly are the state governments doing to secure there states? Government is not just one tier, every tier has to contribute their quota to make it a success

He didn't address anything, we need plans we can follow with steps

Not we need to produce more foods, how when, how much would we need, where would the funding come from, how the lands be made available

This is how you state a plan

From the points, I didn't see any meaningful action point.

Just gather, talk and everything remain the same.

World's Top Performing Currency and Insight for Naira

* Government/CBN should stop the printing 500 NGN notes and 1,000 NGN notes (the use of #200 note should be sparingly) and officially discontinue the use of these currencies!

* Reintroduction of Nigeria coins, 50Kobo, 1 NGN and 2 NGN.

* Focus should be on Local Business and not call for foreign investment; as foreigner will eventually and continually repatriate their profits in USD. (learning from what is happening in China)



Welcome, lets get started by examining the top 10 performing currencies in the world to gain necessary insights before drawing our conclusions.

*.Kuwait Dinar KWD: ( 1 KWD = 4,920.49 NGN )
Bank notes: 1/4, 1/2, 1, 5, 10, 20 Dinars -------------- Highest denomination == 20 Dinars; Coins == Yes
Coins: 5, 10, 20, 50, 100, 200 Fils


*.Bahraini Dinar BHD: ( 1 BHD = 4,021.64 NGN )
Bank note: BD 1/2, BD 1, BD 5, BD 10, BD 20 --------------- Highest denomination == BD 20; Coins == Yes
Coins: 5, 10, 25, 50, 100 Fils, BD 1/2


*.Omani Rial OMR: ( 1 OMR = 3,937.77 NGN )
Bank note: 1/2, 1, 5, 10, 20, 50 Rials --------------- Highest denomination == 50 Rials; Coin == Yes
Coin: 50, 10, 20, 50, 100 baisa and rarely used 200 biasa


*.Jordanian Dinar JDD: ( 1 JDD = 507,65070 NGN )
Bank notes: 1, 5, 10, 20, 50, Dinars ------------------- Highest denomination == 50 Dinars; Coin == Yes
Coins: 1/2, 1, quirsh, 21/2, 5, 10 Piastras


*.British Pound GBP: ( 1 GBP = 2,135.49 NGN )
Bank notes: €5, €10, €20, €50 ----------------------- Highest denomination == €50; Coin == Yes
Coins: 1P, 2P, 5P, 10P, 50P, €1, €2


*.Caymanian dollar KYD: ( 1 KYD = 1,815.81 NGN )
Bank notes: 1, 5, 10, 25, 50, 100 Dollars ------------------- Highest denomination == 100 Dollars; Coin == Yes
Coin: 1, 5, 10, 25 Cents


*.Euro EUR: ( 1 EUR = 1,631.43 NGN )
Bank notes: €5, €10, €20, €50, €100, and €200 --------------- Highest denomination == €200; Coin == Yes


*.Swiss Franc CHF: ( 1 CHF = 1,719.44 NGN )
Bank note: 10, 20, 50, 100, 200, 1000 francs ------------------- Highest denomination == 200 francs; Coin == Yes
Coins: 5, 10 and 20 Rp/cts, 1/2, 1, 2 and 5 Fracs


*.United State dollar USD: ( 1 USD = 1600 NGN )
Bank note: $1, $2, $5, $10, $20, $50, $100 ----------------- Highest denomination == $100; Coin == Yes
Coins: 1C, 5C, 10C, $1/4, $1/2, $1.




Go back to the list once again and check what's the highest denominations of each currency (and population of users of each currency), You will discover that the top performing currencies do not have high face value like we have 500 NGN and 1,000 NGN in Nigeria.

Also, you will notice that the top performing currencies have coins form of currency with denomination of very low face value.


The highest of the denomination is 1000 Franc followed by 500 EUR. 1000 Franc is not in frequent use and the highest Franc denomination next to it is 200 Frank ( not like 500 NGN as we have here in nigeria ). Also the use of 500 EUR was discontinue in year 2018.

Get a hold on history of exchange rate in Nigerian, you will find out that every introduction of new high (face value) denomination currency note has adverse effect on exchange rate.


Why High Denominational Currency Note Is Bad:
1. Increase in prints of currency notes with high face value e.g 1000 NGN makes other lower currency of less important and less useful. This can gradually lead to upgrade of price of goods and services in market.

2. It makes stealing, looting and hoarding of cash easier as larger amount of money value can be packed into a very small space.


3. 500 NGN and 1000 NGN are no money for the common man, go to the market and examine what denomination are most in use.

4. It's in a way opposing the cashless policy by the federal government of Nigeria.


What The Wise Nations Did:
1. United State of Ameria used to have $500, $1000, $2000 currency notes until December 14, 1945, when the high denominational bills were last printed and officially discontinued on July 14, 1969 by the Federal Reserve System.

2. Europian Central Bank announced on 4 May, 2016 that it would phase out the 500 Euro notes by the end of 2018.



Other Factors That May Affect The Exchange Rate Of A Currency Include:
1. Ratio of goods/services importation to exportation

2. Availability of currency and number of complying users.

The Illegal illegal printing of currency by the CBN according to as reported by some news media outlets has a long way to desctroy value on our cash.

3. Inflation rate

4. Government debts and federal reserve.

5. Political policies and stability

6. And many more



My Recomendations:
Nigerian government should permanently discontinue and remove 500 NGN and 1,000 NGN currency notes from circulation. Reintroduction of 50 Kobo, 1 NGN and 2 NGN coins should also be done.

A government fighting corruption will yield to this advice as abundance of lower denomination currency will discourage looters from hoarding and keeping cash in a safe instead of bank.

Caveat emptor:
This writeup is a personal opinion resulting from my many observations. It is not a scholarly work and should not be treated as one. Copy-and-paste bloggers should please reference the link and author of the article.




TOP PERFORMING CURRENCY (UPDATED CONVERSION RATEs)

1. Kuwaiti dinar (KWD)
The Kuwaiti dinar is the strongest currency in the world with 1 Kuwaiti dinar buying 3.26 US dollars (or, put another way, US$1 equals 0.31 Kuwaiti dinars).

Kuwait is located between Saudi Arabia and Iraq, earning much of its wealth from being a leading global exporter of oil. The Kuwaiti dinar was introduced in the 1960s and was initially pegged to the British pound before being re-pegged to an undisclosed basket of currencies.

2. Bahraini dinar (BHD)
The Bahraini dinar is the second strongest currency in the world with 1 Bahraini dinar buying 2.65 US dollars (or US$1 equals 0.38 Bahraini dinars).

Bahrain is an island nation in the Persian Gulf off the coast of Saudi Arabia. Like Kuwait, the country earns much of its wealth from oil and gas exports. The Bahraini dinar entered circulation in 1965 and is pegged to the US dollar.

3. Omani rial (OMR)
The Omani rial is the third strongest currency in the world with 1 Omani rial buying 2.60 US dollars (or US$1 equals 0.38 Omani rial).

Oman sits between the United Arab Emirates and Yemen at the tip of the Arabian peninsula. As with its other wealthy neighbours, Oman is a major exporter of oil and gas. The Omani rial was introduced in the 1970s and is pegged to the US dollar.

4. Jordanian dinar (JOD)
The Jordanian dinar is the fourth strongest currency in the world with 1 Jordanian dinar buying 1.41 US dollars (or US$1 equals 0.71 Jordanian dinar).

Jordan is largely land-locked country in the Middle East. Jordan is less dependent on oil and gas exports than its neighbours and has struggled with sluggish economic growth and rising debt. The Jordanian dinar entered circulation in 1950 and is pegged to the US dollar.

5. British pound (GBP)
The British pound is the fifth strongest currency in the world with 1 British pound buying 1.28 US dollars (or US$1 equals 0.78 British pounds).

Britain is the sixth largest country by Gross Domestic Product (GDP), according to the World Bank. The pound was first introduced in the 1400s before being decimalised in 1971. It is free-floating and thus not pegged to other currencies.

5. (Tie) Gibraltar pound (GIP)
The Gibraltar pound is the joint fifth strongest currency in the world with 1 Gibraltar pound buying 1.28 US dollars (or US$1 equals 0.78 Gibraltar pounds).

Gibraltar is located at the southern tip of Spain and is officially a British territory. The Gibraltar pound was first introduced in the 1920s and is pegged to the British pound (at par, meaning that one GIP equals one GBP).

6. Cayman Islands dollar (KYD)
The Cayman Islands dollar is the sixth-strongest currency in the world with 1 Cayman Islands dollar buying 1.20 US dollars (or US$1 equals 0.83 Cayman Islands dollars).

The Cayman Islands is a British territory in the Caribbean and is an offshore financial centre. The Cayman Islands dollar was first introduced in the 1970s and is pegged to the US dollar.

7. Swiss franc (CHF)
The Swiss franc is the seventh strongest currency in the world with 1 Swiss franc buying 1.15 US dollars (or US$1 equals 0.87 Swiss francs).

The Swiss franc is the official legal tender of Switzerland and Liechtenstein and is seen as a safe haven due to Switzerland’s political stability. The Swiss franc was introduced in 1850 and was later briefly pegged to the Euro before moving to a free-float.

8. Euro (EUR)
The Euro is the eighth strongest currency in the world with 1 Euro buying 1.10 US dollars (or US$1 equals 0.91 euros).

The Euro is the official currency of the Eurozone, being 20 out of the 27 countries that form part of the European Union. The physical currency entered circulation in 2002 and is free-floating.

Related: Euro to AUD forecast

10. US dollar (USD)
The US dollar is the 10th strongest currency in the world, worth exactly 1 against itself. All other units of currency across the globe are worth less than a US dollar.

Created in the 1700s, the US dollar is legal tender in the USA, other US territories and sovereign nations including Ecuador and Zimbabwe.

The US is the world’s largest economy by GDP and the US dollar is by far the most-traded currency globally.

The US dollar is also the largest reserve currency in the world (the currency most held by central banks) and is the currency used to price many commodities, including oil, gold and copper.
https://www.forbes.com/advisor/au/investing/currencies/top-10-strongest-currencies-in-the-world/


My piece of contribution.

viodemus:
Useless meeting. It lacks creative wisdom. Stop
being lazy, you dey find lucky news, while you dey chop the money.

Maybe he serve them stone rice mix, make dem teeth cucu be like him own.

He be like say, he want make hunger bring out everybody eyes. Make dem chop stone join, so that dem teeth go uniform with him own.

Hunger wan kill Helinues and Yarimo as dem dey find chair siddon unto say dem don tire to dey stand on Tinubu mandate. 🤣

sketching:


There has been serous neglect in government, so they are starting allover from basics.

which basics are they starting from?

mrvitalis:

He didn't address anything, we need plans we can follow with steps

Not we need to produce more foods, how when, how much would we need, where would the funding come from, how the lands be made available

This is how you state a plan

God bless you.

ogbeni twilliamx, over to you

He is still playing. Food importation should be considered. Farmers output can be used to replace import if it increases as he is suggesting here.

mystiqueB:
Make I no talk wetin dey my mind first

I hope say no be the same thing me and you dey think so.