Abhosts's Posts

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Politics › Re: Tinubu Appoints His Kinsmen To Occupy 22 Critical Positions, Sen Abaribe Laments by abhosts(m): 7:23pm On Oct 25, 2023

Someone from the South South or South East would eventually become President; It is only a matter of time. Nobody should complain when they also decide to follow Buhari and Tinubu's template for of tribalism.

Politics › Re: Why Is Gaza More Developed Than Lagos? by abhosts(m): 2:28pm On Oct 25, 2023

That is why I maintain that there is something inherently wrong with the black man. They are busy shouting "I stand with Israel" or "Free Palestine" while their primitive local leaders are regressing them back to the stone-age.

Even Palestine they are calling oppressed, have cheap and constant electricity and far better healthcare facilities than most parts of Africa. Blacks are not even sad that African kids still die of treatable deceases like malaria while children of their oppressors fly private jets on the public purse.

41 Likes

Health › Re: Video Of Nwoko Eric, The Driver Who Donated His Kidney To His Boss' Brother by abhosts(m): 1:08pm On Oct 25, 2023

If he understood basic finance, he should have known that nobody can pay $20m for a kidney they can get for $80,000 in the black market.

5 Likes

Business › Re: How Government Policies Is Killing My Business by abhosts(m): 7:06am On Oct 25, 2023*

richmond500:
The essence of these policies is to kill importation business and make Nigeria a production country.
Your business is not the only business that is dying, many business that depends on dollar has closed down and more will close too.

Time is coming when Naira will hit 5000 to a dollar. When this happens, foreign products will be difficult to purchase and we will have no choice but to buy made in Nigeria goods cos even a pair of foreign pants will be so expensive that only politicians can afford it while the rest of us will wear plantain leaves.

It's so annoying that the average secondary school student knows the dollar to naira exchange rate, that shows how we depend so much on the dollar and killing our own naira.
Until we patronize our own companies, we can't grow the economy, this painful stage is called the transition stage from foreign to local, the govt is not the problem but the time it takes Nigerians to accept the Nigerian goods will determine how long the pain will last.

In the next five years, we will fully accept our own economy and in the next ten years, we will have an economy that will beat France and Germany cos we have the market already.

You guys continue to tell the same lies even when it is obvious you are saying nonsense. Did closing the border and banning imported rice make local rice any cheaper? Did the naira gain a single percent against the dollar then?

China that is the manufacturing hub of planet earth spent $3.1T on imports in 2022 alone. Their total exports that same year was $3.4T . So more local production does not lead to less importation, rather it increases the demand to import because one country can't produce all the raw materials and components involved in the manufacturing process.

You people that cannot point to a single successful multi-billion naira business of your own, would be giving useless economic analysis.

90 Likes 14 Shares

Politics › Re: Senate To Probe Money Spent On Refineries’ Maintenance Since 2010 by abhosts(m): 5:27pm On Oct 24, 2023

LOL. Nigerians now have zero trust in their leaders.

Politics › Re: Is The Islam They Practice In Kazakhstan And UAE The Same One In Nigeria? by abhosts(m): 6:12pm On Oct 23, 2023*

If we look at it sincerely, this is mostly an African phenomenon. The black man is innately cruel to his fellow blacks but is amiable and kind to folks of other races.

Look at the people that brought Christianity to Africa, have you ever heard them saying that women would go to hell for wearing trousers? But all over Africa you hear churches link the wearing of trousers to "Santatic Kingdom". Because the black man would always invent means to manifest cruelty to his kind.

Same with the education sector. It is only in Africa where you would find lecturers take delight in failing their students while those same students pass with flying colours when they get an education abroad in the white man's land. The same white man that brought western education to Nigeria passes them easily.

13 Likes 1 Share

Politics › Re: My Experience With Blord's Famous App (worst Mistake) Screenshots by abhosts(m): 5:22pm On Oct 23, 2023

Be very wary of new Nigerian businesses with a heavy social media presence. A majority of them are shady or outright scams.

5 Likes

Politics › Re: Removal Of Fuel Subsidy Will Bring Investments, Make Nigeria Prosperous – Tinubu by abhosts(m): 3:45pm On Oct 23, 2023

With APC it is always "will". This is their ninth year in control of the country and they can't say "See the positive results of our policies on security and economic growth"

With the way things are turning out, I am beginning to think that Tinubu was the brain behind Buhari"s government for all those years because Nigerians are seeing no difference in the direction of the country.

109 Likes 1 Share

Business › Re: Naira Crashes To ₦1,210 To US Dollar by abhosts(m): 3:41pm On Oct 23, 2023

This is beginning to look like some people somewhere are sabotaging the economy. Call Buhari to account for our depleted foreign reserves.

123 Likes 13 Shares

Politics › Re: Please How Can One Apply For The 25,000 Cash Transfer To Vulnerable Homes by abhosts(m): 12:21pm On Oct 23, 2023

Lol. Nigerians are the easiest people to govern. So some people actually believe that money is meant for the poor masses?

1 Like

Politics › Re: ‘Resign If You Don’t Understand Governance’ – Pastor Giwa Blasts Tinubu by abhosts(m): 4:07pm On Oct 22, 2023

To be sincere, I never thought anyone could be as ineffective as Buhari but Tinubu may prove me wrong if he doesn't turn things around quickly.

116 Likes 8 Shares

Politics › Re: Naira Devaluation Rate Under Different Presidents Since 1999 by abhosts(op): 1:17pm On Oct 22, 2023

Think9ja:
But Is it possible for the Naira to go back to say N350 to a $1?

This devaluation is too much

₦350 is not feasible. ₦800-900 is more realistic.

Politics › Re: Naira Devaluation Rate Under Different Presidents Since 1999 by abhosts(op): 7:54am On Oct 22, 2023

happney65:
Yaradua didn't perform best. It was because of how much we had in our foreign reserves by the time Obasanjo left.

Nigeria didn't feel a drop of the global financial crises of 2008 due to Obasanjo shoring up our foreign reserves before he left. We didn't even have a feel of what was happening in the west.

We were having a blast as a country until these swines came in and took us 2000 steps backwards

It baffles me how Obasanjo was able to clear Nigeria's debt and save so much in foreign reserves with relatively low oil prices.

4 Likes

Politics › Naira Devaluation Rate Under Different Presidents Since 1999 by abhosts(op): 7:35am On Oct 22, 2023*

Here are the Naira Devaluation Rates at the Parallel Markets under different Presidents since 1999:

Olusegun Obasanjo
1999 ₦90 = $1
2007 ₦125 = $1
38 Percent Devaluation in 8 Years

Umaru Musa YarAdua
2007 ₦125 = $1
2010 ₦150 = $1
20 Percent Devaluation in 3 Years

Goodluck Jonathan
2010 ₦150 = $1
2015 ₦220 = $1
46 Percent Devaluation in 5 Years

Muhammadu Buhari
2015 ₦220 = $1
2023 ₦740 = $1
236 Percent Devaluation in 8 Years

Bola Tinubu
2023 ₦740 = $1
2024 ₦1,200 = $1
98 Percent Devaluation in 8 months

Yar'Adua performed best because he was President during the global economic crisis of 2008.

Travel › Re: I Feel So Lonely And Sad - Nigerian Lady Working In Canada Weeps (Video) by abhosts(m): 7:13am On Oct 22, 2023

People need to understand that there are tradeoffs for any major decision they make. If you value marriage and tradition, think twice before relocating to the west when you are still single.

Many single Nigerian men looking for a virtuous woman to marry are also facing the same challenges abroad.

1 Like

Politics › Re: Nigeria Passport Now Easy As ABC by abhosts(m): 12:41pm On Oct 21, 2023

Under PDP, I got my passport within days. I don't know why one month should be celebrated.

7 Likes

Politics › Re: Remitances From Diasporan Nigerians Have Decreased? by abhosts(m): 12:01pm On Oct 21, 2023

Investments to Nigeria from diaspora is at an all time low. Imagine sending money to buy a house last year when dollar was ₦590. Now, that same dollar has doubled in value and is almost ₦1200. So how do you make a profit from a dollar perspective?

Many Nigerians have stopped investing back in Nigeria and that would greatly affect remittances.

3 Likes 2 Shares

Politics › Re: God Forbid We Accept A Christian As Minister Of FCT, Abuja Is For Muslims by abhosts(m): 6:30pm On Oct 20, 2023

Wike should cool down and lay low for a while. It appears that his boisterous bragging disposition is making him a lot of enemies in Abuja.

3 Likes

Politics › Re: LP Lawmakers Shun Abure, Set To Collect Suvs by abhosts(m): 2:50pm On Oct 20, 2023

I no blame them. Nigerians always hate waste and corruption till it is their turn to benefit from it.

62 Likes 7 Shares

Politics › Re: Industries Battle For Survival As Dollar Hits N1,155 by abhosts(m): 1:01pm On Oct 20, 2023

maasoap:
Then, don't forget to blame Atiku, Obi, Kwankwaso. PDP would have defeated APC by millions of votes if selfishness was put aside. I intentionally left Wike out because his demands were simple

That is assuming the elections are free and fair. You are forgetting that Atiku/Obi by many accounts won the 2019 elections.

If coward Jonathan had known that he would cave to APC and allow an INEC chairman he appointed to work for APC, he should have never ran for reelection.

2 Likes 1 Share

Politics › Re: Industries Battle For Survival As Dollar Hits N1,155 by abhosts(m): 11:23am On Oct 20, 2023

The person that deserves all the blame is Jonathan. If he had just honoured his pledge to do one term, there is no way these group of sociopaths that derive pleasure in seeing Nigerians suffer(APC) would have gained power.

21 Likes 1 Share

Politics › Re: Reno Blames Nigeria's Economic Downturn On Nigerians Inability To Patronize GLO by abhosts(m): 10:59am On Oct 20, 2023

I can't believe that is use to value the opinion of this talkative in the past.

1 Like 1 Share

Politics › Re: Naira Decline: Bring Back Emefiele; This Team Are Confused by abhosts(m): 10:55am On Oct 20, 2023

LikeAking:
How can a Normal government use 90% of her revenue to service debts, is it normal to you?

The government is too blame..

Without regulating importation, they floated the Naira..

And many nonesense..

Stop supporting evil..

I am only stating the facts about how bad APC has damaged the Nigerian economy. I am not supporting them.

Politics › Re: Naira Decline: Bring Back Emefiele; This Team Are Confused by abhosts(m): 10:20am On Oct 20, 2023

Emefiele's tenure would have ended by june next year, if he was not removed. CBN governor position is not a monarchy so i see no sense in calling for his reinstatement.

The problem with many Nigerians is that they lack the capacity for logical thinking so they embrace myths and magical thinking. Over 90 percent of our Oil revenue now goes towards servicing debts, so where exactly do you want CBN to get the Dollars to fund our imports? When Buhari was borrowing the nation into oblivion, did you think those loans were free gifts from the Neo-colonial masters?

Politics › Re: APPOINTMENTS: Disquiet In APC As Tinubu Shuns Support Groups by abhosts(m): 9:40pm On Oct 19, 2023

They are not concerned that Naira has lost over 50 percent of its value since the new president was sworn in. Bunch of selfish clowns.

Business › Re: Weaker Naira Drives Up Foreign Demand For Local Products by abhosts(m): 10:03pm On Oct 18, 2023

This does not apply to Nigeria because most of our exporters do not sell in Naira. The guy who exports cocoa would not reduce his dollar price because Naira is weaker.

2 Likes

Foreign Affairs › Re: South Africa Set To Briefly Overtake Nigeria As Africa's Biggest Economy by abhosts(m): 2:47pm On Oct 17, 2023

LOL. Na which one be briefly? The journalist na Nastradamus wey see the future?

1 Like 1 Share

Christianity Etc › Re: Nigeria Is 2nd Most Prayerful Country On Earth by abhosts(m): 6:57pm On Oct 15, 2023

Prayer and spirituality are personal pursuits. It has nothing to do with nation building. Does any sane person think a country can pray it's way to greatness?

53 Likes 3 Shares

Politics › Re: Power Transmission Capacity Now 8,500MW – FG by abhosts(m): 6:53pm On Oct 15, 2023

Please let us leave this national grid alone and work on regional power generation. Lagos has enough coastline to generate all its power from hydro or wind turbines.

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