₦airaland Forum

Sweetguy25:
To the question - Has Buhari restored Nigeria's pride? Now this is a silly question. I don't know what Nigeria's national pride is and I honestly doubt if Nigeria has anything positive to be proud about. So, there is absolutely nothing to restore and even if there is, the present monkey leading the country is ensuring that it doesn't get restored.

plaetton:
At a time that bank of Japan, the European Central Bank, China, the US federal reserve were desperately pumping liquidity in their deflationary economies through their banks, Buhari came in and did the unthinkable opposite of draining N3 trillion out of the banking system, at once.

The TSA implementation was the equivalence of a nuclear bomb on the Nigerian economy.

This was the equivalence of draining your rickety car ofvengine oil in order to save yourself some change.

But It's not too late.

They can still return the N3 trillion back to the economy via the banking system. Money in commercial banks is what they leverage to create and expand credit in the economy,,. Which in turn , fuels Commerce and employment.

Any amateur computer programmer can write software and algorithms to help the FG keep abreast all their accounts with commercial banks in REAL TIME, irrespective of how many there or how far they are spread.

The FG should swallow their pride, or in Buhari's words, swallow their own vomit, and release the TSA funds right back to the economy.

N3 trillion, N10 trillion or N100 trillion are just figures, useless figures, if they cannot add liquidity , credit , employment and GDP to an already ailling economy.

rapistbuhari:
[s]I blame the Ijaw who gave strangers that migrated from yoruba land an empathetic settlement in warri.

Now they are claiming to be the owners of your table land. A tribe whose entire population is not up to 300,000 now claiming warri.

They are number 1, in the list of those who sabotage our effort for equity closely followed by the Urhobo.

However, it is worthy of note that their threats are empty. If they like, let them stay behind.

We are heading towards freedom. And will surely get there

Itsekiris have No Exclusive Right to any land in Delta because they share same with Ijaws and Urhobos especially Warri even as you have Olu of Itsekiri.

If itsekiris are not comfortable with Niger Delta Avengers please let them flock off to Ogun state[/s]

BeastAmbition:
When will nigeria start having visa-free pact with country like England, Holland, U.S.A, and lot.

Luvties:
Gradually the WAR against corruption is getting to FAYOSE door steps who owns the land worth N650million.

Interesting.

Kanu was alleged to have illegally smuggled radio transmitters into Nigeria, which he used to disseminate “hate broadcasts”, encouraging the “secession of the Republic of Biafra”, from Nigeria

Quakertellicus1:
Actually, Nigeria has been broke since independence.....because our sources of revenue have been based on the sale of raw materials...whose prices we DO not control.

In the 1960's it was agric. When that failed in the 1970's....we turned to oil. Oil has failed us twice...in the 1980's and today.

The truth of the matter is that Nigerians should wake up and realize that we do not have the money....and the basis of our revenue generation is always in danger of being hit by fluctuations in the price of the things we sell. The minute we wake up to that .....the better.

So...time we left that oil alone...and became a strong manufacturing economy by spending more on power , transport and education....and less on useless government jamboree welfare projects.It is time we woke up to the fact that there is no free ATM dispenser of money. We have to work for it by developing an innovative manufacturing based economy.....not an oil based economy.

lashout1:
[s]But there is 1.7b Naira for Aso food stuffs[/s], 13 m for a single trip abroad and 1tri to pay our civil servants (fulani hellmen) to kill innocent citizens.

bigtt76:
What about those illegally employed by CBN? Have they been removed?

Emmyvans:
Market forces may be allowed to determine the value of the Dollar against the Naira.
That should see the official exchange rate plummeting from N197/$1 to between N260-N280/$1
Hope they also make FOREX easily accessible this time

sanusidabo:
The dollar is not a legal tender in Nigeria so why do you allow some unscrupulous elements to jeopardize the economy. Key advice ban BDC so that exchange should be carried out in commercial banks hence unnecessary demand can be avoided. Further trading dollars out side money deposit banks should be seen as an offence or any body involved be treated the same way General Bamaiyi did to drugs addict. So we should also not allow the activities of law breakers to destroy our country. Concern Citizens for Better Nigeria

Emmyvans:
CBN finally decides... Allows exchange rate to float more freely
http://dailypost.ng/2016/05/24/cbn-finally-adopts-flexible-exchange-rate-policy/

Babacele:
I disagree totally from my soul. I think he is actually instigating a crisis that he hopes would envelope the country such that it would keep us sooo busy ,he won't be called to answer for his sins against humanity and Ekiti.
Is he not a member of PDP elite who had sustained the menace for a long time? His language, intentions ,and history does not indicate a sincere approach at finding a solution to this debacle.
How am I sure Fayose didn't sponsor the attack on the hapless community in order to pin it on ' Fulani herdsmen'. I swear I do not trust this rogue governor n I'm damn sure about my hunches. He is capable of any evil to stay in power.

At $27b (reserves), it is not as bad as they make it look.

Considering in 2002-'03 we probably had less than $10b, and even at its peak in 2011 thereabout, we had roughly $47b.

Now my take is, the country is running aground basically because of paying reverence to the reserves.

Supporting imports with the reserves for the next 3-6 months (while we try to stem the tide of importing refined fuel and other crazy stuffs like eggs, palm oil, rice, toothpicks and all, and encouraging exports), in my opinion does more good for the economy than otherwise.

Considering all the restrictions on overseas withdrawals and e.t.c. and no one practically gets the N199 dollar except the CBN, banks and their cronies. Few years back, we could withdraw up to $150,000/annum overseas @N155, now at less than $30,000/annum we can't even get the dollar at N199, not even N300 -- something is amiss after all the restrictions and efforts, and that thing amiss is, racketeering, hoarding and profiteering which is going to turn us into a Venezuela.

I have so much to say about this, but trying not to make this too lengthy.

Itsekiriman101:
This is what you get when you feel you have the monopoly of power. The Niger Delta is the looser at the end of the day. The oil that we so pride ourselves on is daily being made irrelevant because the world has had enough of the stranglehold of oil on their lives and are now seeking alternative sources of energy.

Oh Niger Delta!!!! At the time when our oil becomes worthless, where do we turn to? Is it the lands that we have destroyed with the spillages from pipelines that we bombed with our own hands? Is it the river that we have polluted with our nefarious activities?

Do we turn to other regions? When we have burnt the bridges that good neighbourliness would have strengthened? We cannot even farm our lands because we have destroyed it with the hydrocarbons that should have been a blessing to us.

Niger Deltans think again. We cannot exist alone, stop the destruction of our land. If we are not developed, it is purely our fault. Anambra does not get 13% derivation but see the development taking place there; same with Lagos, even Ogun state. Wake up, wake up before we destroy our future and that of our children.