₦airaland Forum

Welcome, Guest: RegisterLoginWith GoogleTrendingRecentNew

Stats: 3,326,184 members, 8,425,363 topics. Date: Friday, 12 June 2026 at 12:13 PM

Toggle theme

989900B's Posts

Nairaland Forum989900B's Profile989900B's Posts

1 2 3 4 5 6 7 8 ... 16 17 18 19 20 21 (of 21 pages)

PoliticsRe: Currency Deal With China: Things To Know by 989900B: 5:32pm On Apr 15, 2016
IVORY2009:
Nokia = Finland
Iphone =US
Samsung = Korea
Motorola =US
etc but there are China version, would u prefer China Nokia to that of Finland?
ROFLMAO: Delete or edit your post. cheesy cheesy cheesy
PoliticsRe: China Scam:five Proofs That Fayose Never Address Anyone Or Sign Anything (pics) by 989900B: 5:30pm On Apr 15, 2016
Fayose is '19', if you lived in Ibadan SW (Orita challenge/Ring road) in the 90s, you will know him.

BTW, only his Ekiti gullibles can fall for this cheap scam.

We all can cook up stories, if each of us start to upload conferences and trade fairs we've attended in different countries over many years .
PoliticsRe: Currency Deal With China: Things To Know by 989900B: 5:25pm On Apr 15, 2016
gare:
We all have been shouting diversify the economy, but with this deal I don't see how it will help diversify the economy, because this will promote so much import from China that is what the Chinese stands to gain from this deal why we flood our country with Chinese goods.

So what's the celebration about this deal has taken us backwards
Read thru the thread, your concerns have been answered.

BTW, it's a very good time to export all our cocoa and other agric and mineral resources to China -- it's a 'verrrrry larrge' market!
PoliticsRe: Currency Deal With China: Things To Know by 989900B: 5:21pm On Apr 15, 2016
IVORY2009:
Yes it is, but the Nigerians that are supporting the deal, if you ask them quitely, you will discover that they dont fancy chinese products, perhaps even you tooo, would you want to take your hard earn money to buy a China phone? Rather than Iphone, Motorola, Samsung, Nokia etc, also China Shoe, rather than Italian make, China Wrist Watch, rather than Swiss/Italian make...... This people supporting the agreement, go to their houses, you can never find any Chinese Products
And all those brands you just mentioned are made in China, or Vietnam.

BTW, the whole world buys from China these days. And yes, China has come of age.
PoliticsRe: Lawyers Condemn Saraki's Move To Weaken CCB, CCT by 989900B: 5:07pm On Apr 15, 2016
This is one of the saddest things to happen to this country, but we only carry placards protesting symptoms (fuel scarcity, minimum wage and e.t.c.), whereas, this is the 'genesis', or root-cause of those ills if you will!

And those faces you see in the senate/house of reps, are the real faces of evil -- not some witches/wizards in the village, or mama Nkechi/Bola/Amina next door.

Those lawmen have the powers to answer those prosperity prayers you get scammed for at our respective places of worship, but no, they choose to enslave and impoverish the people -- ruin their futures and their children's along with.

If they can get 2/3rds vote, then they can do anything here-on, they can unseat the same president you voted, and install themselves -- take over the country.

Who be-witched us with this kind of apathetic attitude?

PoliticsRe: Governor Fayose's Letter To China: Should He Be Charged For Treason? by 989900B: 4:53pm On Apr 15, 2016
Fayose going all the way to China same time the FG was in the middle of a deal, to say those words, is an act of sabotage against Nigeria -- regardless of if he his right or wrong.

Ekiti is nothing near to a model state -- actually one of the states doing most poorly, so what is his leverage?
PoliticsRe: IMF Wants Buhari To Change His Forex Policy by 989900B: 4:46pm On Apr 15, 2016
“We remain completely available to help, we believe that it is doable, it can be address.”
Lagarde


cheesy cheesy
PoliticsRe: Currency Deal With China: Things To Know by 989900B: 4:30pm On Apr 15, 2016
Firefire:
I always enjoy your line of argument. Impressive, not the junks Ngene is forcing down our throats.

As you rightly argued, "... it is more about policies/laws, leadership and accountability, and if we get it right..."

I pray we get it right this time. I also expect our leaders to have study other African countries with similar move, how effective was it?
You know, if Americans were told in 1970, that over half of their Made in U.S.A. will become Made in China, and that, they will be losing their jobs to China and borrowing money from China, they wouldn't have believed.

Almost all major American companies now produce from China!

Every major company in the world manufactures from China -- almost!

To get there, China:

1. They killed/jailed their corrupt leaders.

2. Installed less corrupt ones (no one is a saint).

3. They learnt/stole from the best.

4. They created an enabling environment.

5. They worked very hard and focused!!!

And the rest is history -- we've got to replicate that -- starting from number 1.
PoliticsRe: Currency Deal With China: Things To Know by 989900B: 4:20pm On Apr 15, 2016
modath:
Gbam! Gbammer Gbammest! smiley
Hey Mo', I see you! smiley
PoliticsRe: Currency Deal With China: Things To Know by 989900B: 3:25pm On Apr 15, 2016
Just so we set some things straight for the naysayers:

1. If we have xbillion amount of dollars in our reserves, it does not literally mean it's all in US dollars.

2. Even from before, we did keep some Yuan in our 'basket of currencies'.

3. We keep other currencies like GBP, Euro and some few other currencies, and gold too, they are all part of the 'reserves'.

4. We are only increasing our Yuan reserves, and trading directly, rather than going via the $ route (which is a better thing for our economy, considering we have a huge trade volume to and from China . . . times are changing, it's not like the 70s,80s, or 90s . . . the world's trade and ours from then has greatly changed. We can't be applying the monetary policies of 30 years ago in a fast evolving world -- we've gotta evolve with it).

5. China is fast becoming the country with the most investments in Africa, with Nigeria one of it's favourite destination.

6. ATM, the dollar is too strong for it's own good, and the US is worried about that too -- they'r slowly feeling the effect.

7. With the huge trade volume between both countries, it's actually stark insanity NOT to do what PMB just did with China.

8. China's loan rates are one of the cheapest in the world -- every one is borrowing from them -- the UK owes them BILLIONS ($), the US borrowed TRILLIONS ($) from them!

9. China's investment in Africa and Nigeria is estimated to triple in few years.

10 Having a good chunk of our reserves in Yuan, with the amount of imports from there, would help ease the pressure between the Naira and the dollar.

For those who worry about local manufacturing and diversification of the economy, the deal with China as regards major projects such as the 4,000 MW power plant amongst other alternative power solutions, and railway, and refineries, are just the ingredients you need to diversify.

ATEOTD, it is more about policies/laws, leadership and accountability, and if we get it right even them Chinese factories we buy from, will relocate here.
PoliticsRe: Currency Deal With China: Things To Know by 989900B: 2:57pm On Apr 15, 2016
Joel3:
just choose to be illiterate, have you ask yourself what will Nigeria export to China in return for Yuan? where we the central bank get the yuan from?
Don't name-call people when you are not properly armed with facts yourself.

1. China buys our oil, and they are just about to increase volume.

2. China keeps investing hundred of billions of Yuan in Africa, with Nigeria being one of it's biggest beneficiaries.

3. The newly signed MOUs guarantee more inflow of Yuan into the economy.
PoliticsRe: Currency Deal With China: Things To Know by 989900B: 2:47pm On Apr 15, 2016
3 pages so far, and not one single valid reason why this deal shouldn't have been struck, yet, all the naysayers are so full of their beliefs.

You've gotta love the human mind.
PoliticsRe: THE ECONOMIST! PMB Has Done It Again. by 989900B: 2:32pm On Apr 15, 2016
kayfra:
Naira will be strong and based on past experience rather than use it to buy equipment, we'll use our money to buy toothpick and chicken from China. We are still exposed to shocks from Bejing. That's for the consumers.

For the government, if we keep our reserves in Yuan, when China devalues then our reserves tank. The yuan devaluation is typically an intentional move by the government and not controlled by the market.

Even the Chinese government maintain a dollar based reserve.
1. Do you know that if we have xbillion amount of dollars in our reserves, does not literally mean it's all in US dollars?

2. Even from before, we did keep some Yuan in our 'basket of currencies'.

3. We keep other currencies like GBP, Euro and some few other currencies, and gold too.

4. We are only increasing our Yuan reserves, and trading directly, rather than going via the $ route (which is a better thing for our economy, considering we have a huge trade volume to and from China . . . times are changing, it's not like the 70s,80s, or 90s . . . the world's trade and ours from then has greatly changed. We can't be applying the monetary policies of 30 years ago in a fast evolving world -- we've gotta evolve with it).

5. ATM, the dollar is too strong for it's own good, and the US is worried about that too -- they'r slowly feeling the effect.
PoliticsRe: THE ECONOMIST! PMB Has Done It Again. by 989900B: 1:56pm On Apr 15, 2016
kayfra:
It will keep imports from China attractive while we lose our mojo to diversify.
That's a policy/leadership thing.

It's not like a stronger Yuan will automatically translate into us doing the right thing either.

The government needs to put in place proper infrastructure, stable electricity, working refineries, amiable investment policies/laws and general support -- even the Chinese would leave China to come and establish their factories here!
PoliticsRe: Nigerian States By Internally Generated Revenue (IGR) - 2015 by 989900B: 12:24pm On Apr 15, 2016
Lagos is a 'mini Nigeria'.

These figures should be on a scrolling screen in both 'houses', so that when those politicians from states contributing so little ('I no mention anybody o') are demanding and sharing so much for themselves they can quickly be referred to reality.

If Lagos wants railway, airport, seaport, 'anyport', anything -- you give it.

Them Lagos, Delta, Ogun, Rivers, Enugu, Edo, Anambra senators and hons shouldn't be there, where some Kwaran, Zamfaran, Sokoto, Katsina, Gombe, Nassarawan senators or Hons. are presiding, sharing, and lording things over the same guys putting in the hard work -- IGR is basically smart thinking and hard work.
PoliticsRe: "Nigeria's Problem; Lack Of Will To Save Under GEJ .. Okonjo Iweala ... Cableng by 989900B: 11:00am On Apr 15, 2016
1. NOI is just re-affirming the same thing OBJ said about NOI needing proper handling and leadership.

2. NOI trying to save face by subliminally throwing GEJ under the bus; a la, I did well under OBJ, I couldn't have turned bad overnight . . . blame my boss who lacked the political will to do the right thing.

3. The Governors were not elected to lead this great country -- the buck stops with Dr. Goodluck Ebele Jonathan, just as it presently does with PMB.

4. Imagine PMB or Kemi Adeosun trying to blame Fayose and some errant governors for PMB's failures . . . would you listen to them?

5. BTW, most of them governors were PDP members at the time.
PoliticsRe: Jonathan Was Not Interested In Saving Nigeria’s Resources – Okonjo-iweala by 989900B: 10:21am On Apr 15, 2016
Wonders shall never end! NOI doing what she knows how to do best.

Oga Jona, you see your life . . . everyone's throwing you under the bus.
PoliticsRe: Nigeria Has A Lazy Political Class – Pat Utomi by 989900B: 10:16am On Apr 15, 2016
A reflection of the populace at large.
TravelRe: Air Peace To Fly Directly To China by 989900B: 10:14am On Apr 15, 2016
uduak2016:
Something keeps telling me that Buhari might cancel this...to frustrate SE.
What happened to reading before commenting?

"President Muhammadu Buhari in his magnanimity on March 31, 2016 approved for us the right to fly to five different countries and we decided now to make Enugu State the hub," he said. Onyema said Air Peace would fly to India, United Arab Emirates, South Africa, Atlanta in the U.S. and China, adding that the China flight would commence in a few months.
PoliticsRe: Senate Rushes Passage Of CCB Act Amendment by 989900B: 9:43pm On Apr 14, 2016
gfullmoon:
If EFFC does. Amendment of EFCC Act will commence instantly like that of CCT . Even if you try it. Amendment of your name will start in earnest in the Senate.
LOL
PoliticsRe: Senate Rushes Passage Of CCB Act Amendment by 989900B: 9:16pm On Apr 14, 2016
gfullmoon:
Senator Bukola Saraki and fellow Conspirators should prepare to amend EFFC, ICPC Acts etc. For if he succeeds in this episode, EFFC will start from where CCT stops. If this was OBJ era,you could have been wearing Former Senate President by now. But APC are really following you with "Christian" mind. Our NA has added re-writing Budget for the Executive to their function . This crop of NA are making "jinx like" history.
1. Mainstream party sharing power opposition party
2. Opposition party more powerful than Mainstream party even with the possibility of producing the Senate President and Speaker Reps if they wish.
3. CCT amendment Bill which is least to Nigerian economic problems to be concluded and passed in recorded 1 month
4. Almost writing Budget for the Executive.
On the positive side, this 8th NA is the most cashless NA in CBN voice except the few being thrown by the Senate President at Members to accompany him to CCT. And if it continues like this people like Senator David Mark and Co who had spent above 12 years in the NA will prefer ending their Senator for Life mind set this time around to enjoy their money, than to be "suffering" for his people like this. The Executive Legislature Budget scandal was indirectly caused by lack Ghana - must - Go now called in Ghana Nigeria - must - Come exchanging hands usually in choice hotel or location at odd hours.
That"s why they induced some over zealous and greedy DGs and PSs to pad their Budget with the logical understanding that the President is already under pressure to sign without reading or complaining. Truthfully, PMB is under pressure in regards to the Budget. That"s the consequences of taking unnecessary time to form his Cabinet.
I have a question: if there is enough evidence against Saraki, what would happen if he is arrested by the EFCC?
PoliticsRe: Senate Rushes Passage Of CCB Act Amendment by 989900B: 9:13pm On Apr 14, 2016
BeardedMeat:
Of course! I will press the button if you step out of turn so that the mods will send you back from where you are coming from.
Oh, I'm so scareeeeed Mr. 'Cry-baby-oik' -- It depletes my income!

Which of them 'BeardedMeats' are you? Ewu?
smiley
PoliticsRe: Senate Rushes Passage Of CCB Act Amendment by 989900B: 8:42pm On Apr 14, 2016
BeardedMeat:
Howhuh? I bet you don't know. Swerve abeg!
Another e-rat, next thing you'd be running to some c0ck-eyed mods like some deprived cry baby.
PoliticsRe: Senate Rushes Passage Of CCB Act Amendment by 989900B: 8:34pm On Apr 14, 2016
It's a shame some people DO NOT understand the gravity of what the Saraki led senate is trying to do.

Is one man, or some group of self-serving criminals worth plunging our future and kids future into a sink hole for?
PoliticsRe: BREAKING News: Gov. Fayose Embarrasses President Buhari In China With Controvers by 989900B: 8:30pm On Apr 14, 2016
He just embarrassed himself.

Attention seeking turned loco.

1 2 3 4 5 6 7 8 ... 16 17 18 19 20 21 (of 21 pages)