₦airaland Forum

envoymedia:

https://www.youtube.com/watch?v=0khqexi0Sbw

“I’m Traumatized, I Printed My Result From JAMB Portal”— Ejikeme Joy Mmesoma Speaks Up

Ejikeme Mmesoma Speaks up after the Joint Admissions and Matriculation Board (JAMB) claimed she had inflated her result and announced herself as the top scorer for the 2023 Unified Tertiary Matriculation Examination (UTME).

Below is the press statement by Hon. Augustine Onyekachukwu Ike KSJI, Member Representing Nnewi North Constituency, Anambra State House of Assembly.



https://m.facebook.com/story.php?story_fbid=pfbid02yi3K7wCKZmx9Z8uGokcyh4nwLAJDUNggMf8fh9DhGHjVjFp9mnrhsdDiW4FNCvntl&id=100001552368577&mibextid=Nif5oz

Buddha3:
I very much understand your perspective, brotherman.

But should our government give considerations to this kind of an advice when the ripple effects will be hugely detrimental to the general populace, simply because they're looking to attract direct foreign investments?

And why in God's name does it feel like the foreign investors are looking to use economic policies to enslave a people in this century, simply because they're looking to turn-over massive profits upon investments?

Buddha3:
A hike in interest rates on loans is even going to equate to a swifter surge in the inflation figures.

I cannot be a businessman who takes a loan from the bank, pays over a 20percent interest on servicing that loan and the general public will then expect me to give out my goods or services at moderate or subsidised rates. No way!

I have to make a profit to be able to service my loan, keep my business afloat and equally meet my own needs. So everything eventually trickles down to more hardship for the ordinary masses.

Sometimes these economists and analysts talk like air-headed neophytes. You people should just rub honey on the balls of ordinary Nigerian men and hang us by those balls atop ants infested trees. Because the hardship is eventually going to be felt the most by Nigerian men who are tasked with supporting themselves, their wives and kids and family members.

2mch:
Please shut up and focus on your country. I don’t think you know enough about Nigeria to comment. What the hell are you talking about? You want to destroy Nigeria? 25% inflation rate on top what? Rate that should be slashed to nothing more than 10%

DOptical:
So in your brain, trillion new naira were in circulation during the election time? You and Emefiele dey craze?

Not to mention the dilapidated foreign reserves under his watch. If he couldn't amass more, why loot it?

2mch:
America’s interest rate is only at 5% and it is struggling g. Imagine what at 25% interest rate will do to Nigeria. Nigeria need to start it’s own banking analysts and rating agencies to in turn rate all these foreign company’s for African investment. Otherwise they will soon turn around and downgrade Nigeria investments or bonds to force implementation of policies to which they can exploit the country. That is always the next move!

DOptical:
It was 45 billions dollars in 2019. Still was 2020. If you had used your brain while being conversant with everything instead of defending looters, you wouldn't be defending the dilapidation of 45billion dollars reserve or the use of 58 billions to print 2b notes. Won't be surprised if you're part of Emefiele thieving dumb cronies.

DOptical:
I can't even comprehend the whole bullshit tbh. I already told you as at 2020, Nigeria had 45bilion in reserves which disappeared in 2023. That's one.

Two, how comprehensible do you think I understand a clown who begins to defend the use of 58billion to print 2b notes?

DOptical:
I asked you questions! Until you answer them, stay away from mention I repeat!

DOptical:
In 2019, Nigeria had 45b dollars as forex but has dried out in 2023 but a clown like you don't see what's wrong in it? Or the fact that Emefiele used 58billions to print 2b notes? You and Emefiele dey craze?

2mch:
We don’t need you in this country, who even gave you citizenship

DOptical:
I asked you questions, except you answer them, get off my mention!

2mch:
Why don’t you go back to where you are coming from if Lagos and Nigeria is so bad that you had to take up citizenship? It does not sound like you have better options. You sound ridiculous. Caviar of feaces. Yet you are in the country fighting for a living.

DOptical:
Yet it's the 5th largest economy in Africa! So which state in Nigeria is better than Lagos? Which of the governor who contested in the last election has done better than Lagos government, Tinubu precisely?

Meanwhile, Lagos overpopulation is 10 times that of Kigali, so what are you saying? This put more pressure on Lagos' Land mass and resources, considering the land mass!

DOptical:
You dey craze? How do you omit the point? I was even being mild with the 44billions. It was 58 billions to print 2.5 b notes! You and Emefiele dey craze? Not to mention the forex misuse under him.

https://economicconfidential.com/2021/11/cbn-spends-print-naira/

DOptical:
Yet Lagos is the 5th largest economy in Africa. Tinubu made that possible! Lagos' is still the ideal state in Nigeria which pay her pensioners and workers promptly while overseeing several laudable projects... Name which of the state is better than it? Lagos major problem is its overpopulation, considering the land mass.

Accra has only 2mil population for example.

exstreve:
I asked ChatGPT to explain Interest rate hike like I'm an 8 year old to some who may not understand, I do cos I trade stocks and crypto, well, here is the answer.

Well, imagine you have a piggy bank where you save your allowance money. Every once in a while, you decide to give yourself a little treat and take out some money from your piggy bank. But what if you notice that your parents start giving you more money as your allowance?

You might think, "Yay! Now I can take out more money from my piggy bank and buy even more treats!" That's kind of what a rate hike is like.

You see, when the government or a bank decides to hike, or increase, interest rates, it means they are giving more money to people. When people have more money, they tend to spend more, just like you would if you got a bigger allowance.

But why would the government or a bank do that? Well, sometimes they want people to spend more money to help businesses grow and for the economy to become stronger. When businesses grow, they can employ more people and create more jobs.

On the other hand, if the government or a bank decides to lower, or decrease, interest rates, it means they are giving people less money. In this case, people might decide to save more money instead of spending it because they aren't getting as much from their allowance. So, it's like having a smaller allowance and not being able to buy as many treats.

Rate hikes can affect many things, like how much it costs to borrow money or get a loan. When rates go up, it might become more expensive for people to borrow money, and they might not want to spend as much or take out loans to buy big things like houses or cars.

So, similar to how your allowance can affect how much you can spend on treats, rate hikes affect how much people can spend and can also influence the overall economy.

DOptical:
Emefiele was a problem. Using 44billion dollars to print 2 b naira notes? What about the forex misuse?

andy244:
Simple economics doesn't work in Nigeria. Nigeria is a peculiar clime. Greed is a strong economic factor in Nigeria. Any economic policy in Nigeria without checkmating the greed factor always backfires.

Offpointng:
i just checked, the Acting CBN governor Shonubi happen to come from SW and fortunately na our person mai we pity am allow am do this 4years with Tinubu abeg

DOptical:
Isn't Emefiele an economist, what has he achieved apart from being the worst CBN ever? You dey craze? Tinubu turned Lagos revenue around to what it is today! And yeah, Tinubu is far better as a top degree business administrator!

DOptical:
Isn't Emefiele an economist, what has he achieved apart from being the worst CBN ever? You dey craze? Tinubu turned Lagos revenue around to what it is today! And yeah, Tinubu is far better as a top degree business administrator!

DOptical:
Business administration degree, majored in accounting.

Best student of his set sef.

DOptical:
Tinubu is an economist. He knows what to do. I think We need more Forex savings. We already got some of our debt relieved by the removal of fuel subsidy.

Meanwhile, I hope all the CBN officials are removed, including the promoted Shobinu guy. They're in affiliation with Emefiele. When corruption is already deep neck in an establishment, it would be difficult for them to stop, best way is to remove all of them and replace them.. Heck, Emefiele knew why he handed over to the Shobinu guy. All of them are in collude.

The problem of Nigeria is corruption at its peak. I hope immunity is removed from all government officials and anyone found looting is jailed!

jimter44:
What Mr Tatonga Rusike is saying about a hike in Nigeria's interest rate is true. If the CBN hikes interest rate, it will discourag many people from borrowing money from the banks. This is bc most of these borrowings are not for investment purposes, but fir consumption or ostensious life style that triggers a skyrocketing inflation.

lonelydora:
US should focus on their gun control issue and stop chucking mouth in wetin no concern them.

US should know we are bette off with China and Russia. BRICS is coming

iammo:
Americans should focus on thier own banking crisis

High intrest rate, which will make entrepreneur drive prices of goods up

Silicon valley bank, Signature bank , just collapsed with people's deposit they are giving us useless advise

Imagine, I sell bags of rice, and my capital is borrowed from a bank at 28% intrest rate for 1,000,000 now if Banks listens to US and up it to 35% is it not my customers that I will spread the intrest on

nairalandkachy1:
https://punchng.com/just-in-anambra-pupil-celebrated-for-emerging-top-utme-scorer-faked-results-jamb/?amp

LibertyRep:
Diplomatic visit like how? From where to where?

What kind of playing is this?

Hotwest:
With their Navy well armed

Nigeria no get mouth. You no fit enter better country like this

FacilitatorLekk:
Warship on diplomatic mission, lol.

kettykin:
The fear of Chinese colonization will be the beginning of wisdom

Opolopoopolonio:
Stupid comments everywhere

femisplash:
Illiterates everywhere, Spanish warship ESPS Vadaz also arrived at Lagos port last month for military ties.

Kevineleven:
Abeg make una check o, weda Russia first pay Ukraine diplomatic visit b4 the invasion.

Zlatty69:
War/Spy ship

Guestlander:
The British, the Americans have all done the same thing. It is normal diplomacy. The Nigerian navy can also visit them.
You don't have to criticize things you don't properly understand.

Fareke:
https://sunnewsonline.com/happening-now-chinese-warship-arrives-nigeria/?amp

ugofulfilled:
Your input is appreciated. But I still ask again: were you asking a genuine question or you're being satirical?