₦airaland Forum

haslaw:
Una too like argument. That is the range the OP gave and I don't see what point you are making by changing the OP's story

IVF is expensive but not as expensive as the OP is painting.

Mention one country where the government pays for IVF

The point is that you picked the extreme with your statement focusing on 30 million rather than in between. IVF definitely could costs 7-10 million for most people, for those with complications it could cost more. I already pointed out how so what are you still arguing? Learn to farabale, where did I mention govt. pays for IVF? Abi you no know difference between IVF and sickle cell screening?

haslaw:
Converting $10K-$40K to Naira gives N7.6 million to N30.5 million


Which kind IVF you want do at over N30 million

Firstly, you converted and stated it is between 7.6 to 30 million then you use 30 million as the marker? Funny

Let me break it down for you, IVF is rarely successful at first attempt, there are also some preliminary work to be done such as hormones, meds, etc. Before you're even approved for IVF, you go don spend over 1 million on tests. Moreover, I'm pretty sure the OP is not talking about Nigeria because government no dey pay for shin shin not even genetics testing such as SS screening.

haslaw:
Bolt458

How could cost between $10K- $40k?

IVF is not as high as that

Dey play

Buddha3:
You don't need an instant accident to have an haemorrhage.

It's possibly a cumulative endpoint from several head impacts during his playing days.

There's not even any need for impact, it can be caused by other things like nerve damage, high blood pressure and poor genes.

Females be cracking me up......At this point in time it surprises me that most of them don't understand how the male mind works, they have no clue about the biological time clock and ultimately they can't see that when it comes to childbirth delay hurts nobody but the female. Just ask Pa Adams that married a 24 year old girl at the age of 78 and now has twin boys......Any man that supports a woman waiting years upon years before trying to conceive might be her enemy in disguise......JI MA SUN!

benjaminlawson:
My worry is this, how would a person become the richest man in Africa, in a country where 133 millions out of about 200 million are poor, how come? But the reasons are simply, it is government made wealth, because monopoly was created for his goods, tax exemption was offered him, since there is no redistribution of wealth from him, he can become Super rich. The money used to build his refinery is government money according to Emefele, who claimed that the man has paid back substantial among of loan offered him, Also NNPC claimed that government has purchased 20% of the shares in his refinery at 2.5 billion Dallas, even without knowing the value of that share. How would he not be the richest man. Even, if a full is offered all the above he can also equal him in term of wealth.

How many billionaires are in America? Over 700! How many poor people dey America? Over 40 million, guess na government and monopoly affect them too

Ofutufete......Person wey dem don sack already

HanisahZuwy:
Please, what would you advise I go for instead?

Look around your neighborhood, town or city, find out the top 3 problems people are facing, find a product or service that solves that problem, research is the brain behind innovation.

Where others see a burden you must see opportunity! The bag is already saturated in 9ja so come up with something more unique, if you have direct contact with the manufacturer, you can design a custom product that would use solar and can be waterproof or water resistant.....That would be a real game changer.......The sun wey dey 9ja just useless for most people, might as well make MOOLAH off of it

In the end, it is very simple, did he graduate from that university or not? Did the university confirm and verified that he is an alumni? If the answer is YES then everything else is ofutufete.......I'm sure nobody can accuse him of bribing a U.S institution like Chicago State.

My advice to Nigerian men, have a lawyer on standby, if you're not struggling to eat and have started building assets. Some lawyers will only collect monthly retainer as low as 20k.

Next, use technology to your advantage, when heading into an hostile territory like police stations, we have body cams that can be disguised like a button on a shirt or a pen, these small devices can be the difference between court sentence and acquittal.

Finally, do not argue with police officers, in fact the less you say the better and remember appearance matters, how do you walk into a police station with slippers? No wonder they treated you like agbero

Sample size of 110 out of over 3000 in a forensic/legal case.....This is pure comedy to those of us in the Audit world .

lawani:
We are saying the same thing. Any dollar spent was part of what flowed in. All countries have forex inflow. If not from manufactured goods then from junk. Also from remittances, farm produce like cocoa, coffee etc. Oil I believe can't be up to thirty percent of forex inflow. Remittances should be more than oil. Even Nollywood maybe more than. No data. Does government have the right to control all?. Of course not because it is not their money. Can the Japanese government be dictating to Toyota how much to change their forex?. No they have power only over the yen

Yet you will never see Toyota patronizing the black market because it is virtually non existent! Nigeria is unique as the free market is only as free as the government allows aka NO SUCH THING!

Modern parents must be jack of all trades......80% communicator (E.g. When they misbehave, start with genesis, give him or her the story of their lives, narrate the story of the prodigal son while they stand with leg ache through the lecture, after 2 hours, double their chores and take away tv/entertainment, etc)

15% smacking or spanking( Extremely bad behavior, that devil in him or her must komot by fire by thunder and

5% MO LE WA KU(I CAN'T KILL MYSELF)........Grab a plate of jollof rice and turkey, beer/wine and GBOJU!

lawani:
Yes we don't export much goods but we have forex inflow. A huge one from remittances, online jobs, yahoo boys, farm produce, Nollywood and etc. Dollars from these channels is what is used to fund our imports.

We have just as much forex outflow from visa fees, student abroad with wealthy families in 9ja, those buying anything online including vehicles, loan serviced by the government, vacation and business travelers etc. My dad bought a G-Wagon from a dealer in the USA last year, guess which currency? Forget am, Nigerians dey spend dollar like it is pure water.

crismark:
Bro.... You want dollar to be given to anybody at anytime

Do you know the implications of that?

We have anti money laundering rules, we have other policies in place, I don't see what you mean by dollars given to anybody at any time. If it is a legitimate business need, dollar should be easily accessible, no point in making the business/economic climate hostile!

crismark:
Government can't just make USD easy to access na. It's not our official currency.

We are a country that imports 50 times than export, guess which currency we transact with when importing? USD! Emefiele already tried to limit dollars but guess what happened? DISASTER!

didymario7:
If they want to diminish it then they should get the over 41 items off the blacklist. Anything else, then we will just be moving in circles

What are those 41 items and what percentage of forex black market transactions do they account for?

didymario7:
I never argued with you over the supremacy over the black market, go back and check. What I said is that as long as the 41 blacklisted items remain on the list, black market will still be[b] very relevant[/b].

Depends on how you define very relevant, that's not even my argument, all I'm saying is that official channel will become supreme and less people will patronize black market, from over 70% patronization to less than 20%. In sane countries black market is virtually non existent but in 9ja it is thriving because of CBN's incompetency. Once CBN and the government at large gets itself together, the value of black market becomes diminished!

didymario7:
Lol. U talking about official retail channels. That one na market? Lemme give you just one example. All the foreign companies operating in Nigeria approach cbn to repatriate their profit back home through the IE window. We talking about billions of $$. Black market cannot handle that.

All the abokis put together cannot raise the funds microsoft Nigeria needs to repatriate their profit back to Yankee.

You just proved my point why official channel should be supreme to black market. If CBN gets its acts together through sound policies, less and less people will patronize black market.

crismark:
Black market still does more business bro.

Official rate can never be higher than black market rate.
People wil still prefer to sell in the black market.
Stop deceiving yourself

I never said it will be higher than black market rather if official channel makes it easy to transact in dollars, no scarcity, no limit restrictions on deposit and withdrawals etc. If these things can be put in place, majority of sane people would prefer to transact using official channel than black market. E.g. You want to pay school fees for a course abroad or buy a car abroad from a dealer? There's no reason you shouldn't be able to do that through your bank!

Agbegbaorogboye:
I'm being factual. It is you who is being sentimental by employing excuses on behalf of Tinubu. Did Tinubu come to tell you he was sidelined? There are points I can raise to prove to you he wasn't sidelined as most of you choose to believe. So it's not a fact to claim so blatantly that Tinubu was sidelined when we don't know how much he also chose to sideline himself for whatever reason.
I'm not asking Tinubu to denounce Buhari. But at what point do we choose the health of the nation over our personal nuances? If something or someone is not doing what is believed to be in the best interest of the generality of the nation, should we give frank opinions to such persons at least or stay aloof? Our politics has polluted our economy. And we have no one to blame but the man presently at the helm. Now, the ones expected to bear the cost of rolling back things to default are the citizens.
What manner of hunger games is that? How can eight years of a nation's life be wasted in pursuit of ambitions?

I'm not the type to argue about illogical things hence I'll take a direct approach, he's the president now so I'll only hold him accountable as an elected official. You can choose to hold him accountable for what has happened Buhari's administration even though he was not elected by you and owes you not a DAMN thing......That's your cup of tea, that's your right and you are entitled to me but what you are not entitled to is me giving this more time and energy.......REST IJN!

yankison:
How has the subsidy they removed helped you

You expected removal of subsidy to be a magic pill that you can feel in a month? Oga some economic policies take months or years to fully actualize, why you dey rush?

Basicend:
Oga, I am talking about naira devaluation. . We don't have a substansive export load to make naira thrive against FX.

That is why u are that huge negative margin in its rating just within a week. .

Think. .think. .

Naira cannot thrive again without removing those economic policies which crippled it. Naira devaluation is not to the point of 750 Naira to 1 Dollar, do not let anybody deceive you! Shortage of FX, restrictions on deposits and withdraw etc all played major roles. I'm glad you mentioned export but what exactly are you exporting?

Agbegbaorogboye:
Years of economic and fiscal abuse by whom? The present leader joined forces to mastermind the exit of those who believed in free market. After the debacle of a first term, he pulled his weight to ensure a second term for the same fiscal abuser. So there's a context to the fiscal and economic abuse. It's hypocritical to support a govt that abused the economy for eight years only to turn around and start exposing the economy to shocks in the name of reforms.
I think most of these politicians are unfair to the country and ordinary citizens. Nigerians were ultimately pawns in their power games

Do you want to be sentimental or you want to be factual? The fact remains even Tinubu was sidelined in Buhari's administration and you expecting him to denounce Buhari is nothing but pure political comedy

Agbegbaorogboye:
Don't you think 22% inflation MoM and over 18% YoY is high enough for intervention?
The Afcfta and ecowas single currency framework pegs inflation rate for each participating country at 9%
Our unemployment is close to 40% which is critical for any economy.
So while free market is theoretically desirable, Nigeria's fundamentals presently does not support it. Tinubu's team are only looking at fdi
Fdi can save an economy but can also turn an economy to dumping ground.
What makes market virile is a viable middle class with appreciable purchasing power.

Years of economic and fiscal abuse won't be resolved in a month or even a year, let's not put the cart before the horse! One can also argue that it is because of government's intervention that things got so bad.....The cumulative policies by CBN has brought the Naira to a point of waterloo, immediate and precise action is necessary to stop the bleeding.

Ecowas framework is a joke, a fantasy of those dreaming of El Dorado....Let's leave that for now, small wins are needed in order to attract bigger ones. Let the economy open up which attracts investors which leads to more employment and in turn a stronger Naira. Yes the government has given us no reason to trust it in the past but let's be hopeful that we can at least stop the disaster and start making positive gains.....No be everything be doom and gloom

Agbegbaorogboye:
Well, I think it's idealistic to believe the govt will have zero influence on the Naira. The problem is we seem to be moving from one extreme to another. From hardcore socialist to hard-core capitalism. But even in capitalism, the CBN still plays a major role in Naira stability as it is given in its enabling laws. So i think the present plan is just to open up the economy to investors with easy catches for quick profits such as free market but at the expense of the disposable income of most Nigerians and their cost of living as well.
It's a conflict between textbook economics and real, practical economics

Notice the word I used....'MOST'......The market should mostly dictate Naira's value with the government stepping in only at the extremes such as high inflation or unemployment. You're right about policies but those policies should not hinder the free market!

Basicend:
Tinubu is a clown. . He is rushing everything without creating an enabling base to Cushing the effects.

He has removed govt responsibility on FX, electricity, PMS, and even education. . So what is his govt going to do to help the heavily suffering masses?


Same game. . Different dimension in my opinion.

You're obviously joking......What exactly are you cushioning? We've all been crying about CBN's nonsense Naira policies, we've all been angered by the subsidy scam yet you want him to wait for what exactly? Perhaps another 200 billion from China in order to keep fuel at less than 200 Naira is what you meant?

didymario7:
Lies, big fat lies. The black market has never done anything close to the official channels. Bring your sources.

Have you handled 100,000 dollars before.....Basically walk into your bank and tried to withdraw 100k dollars? Maybe that's too rich for your blood, how about 10k dollars? Those of us wey dey handle that type of money know the response the banks gave, from no cash available to CBN restrictions. This resulted in most of us patronizing black market for our businesses. Before you shout lies, ask your friends, boss, mentors etc where they source their dollars from!

Agbegbaorogboye:
How is 600 better than 460

460 was artificial suppression, not the real value of Naira, this new rate reflects a stable market and allows less dependence on black market. The goal is to eventually allow the market to dictate most of the Naira's value instead of the government.

LadyExcellency:
You didn't read the part that the Court agreed that the surpenoed was not to AWS but as the Staff of AWS in her private capacity.

According to her statement, everything she exerted are public records of AWS and as such authentic and unquestionable.

The court also noted, based on her admittance that the subpoena that compelled her appearance was not delivered to the company she works for, but to her in person.

This led to further questioning on how she got the report she submitted before the court, and she responded that they are public information posted on the AWS Amazon.

In any court case the expert witness cannot be bias....WHAT ARE YOU TALKING ABOUT! She's a card carrying member of the plaintiff's party!

didymario7:
There are over 41 items that cannot access $$ through official channels. The black market will continue to have value.

Yes but its value should not be comparable to the main market.....At a point the black market was doing more business than official market which is plain unacceptable!