₦airaland Forum

EmekaStanley:


Dude I'm rich now. Don't play

Funny response. Lol, my nerves

Vision101:
The moment I read the word "peg" in this your comment I discerned that you are an armchair critic. Which sound economist will tolerate the word peg. That's irrespective of economic performance the figure remains the same.

Man tone down. It looks easy outside but not that easy inside.

The most used word in Marco economics is peg, go and do your research. And I'm not subject to your interpretations

Softmirror:
I thought you are interested in Nigeria. Which one is I am not Igbo.

You are excused

Softmirror:
ActiveFarms come and ask questions.

I am not igbo. That I task your government to do what is right on national issues making me a critic of their actions doesn't make me igbo. Of course I do not condone killing or burning of anything for political purposes.

forgiveness:
I agree with the bolded but have you tried to verify?

You can also proof him wrong by proving evidence.

I have educated everyone on the thread. Go read my submissions

forgiveness:
So, your opinion is better than those in realm of affairs.

How many times will you be told fuel subsidy is a scam. That it only benefits the few.

Mr man, 5 modular refineries are operational while 10 modular refineries are at various stages of completion.

I can only agree with pegging dollar but at 700 naira.

In addition, no transactions of foreign currency should be allowed in Nigeria. Domiciliary account should be scraped.

People in public positions are not to give financial reporting without statistically backed financial information. How did the funds and processes come together to do this and that. When people like us do what your public officers can't do, you should be thanking us for the service to the nation, not attack us

9jatriot:
I was going to ignore but good to know you expanded your initial one liner which was just rhetorics. Even now, your post is full of insults, which is typical of folks of your type. However, I will not follow you in your insult.

That report had major aspects not just one. Under Meffy, he was practically just creating money from thin air under ways and means without tying it to any productive venture. That is why he was able to artificially keep moving the exchange rate from around 160 that he met it to around 650 that he left it.
As soon as the present administration removed that valve, the exchange rate balooned to around 1k5.
According to a previous report by CBN, that ways and means has been reduced or totally stopped.

Now the president is now updating us that the ways and means has now been cleared. Of course haters will rather hear that otherwise.

If your doubts are genuine as you are trying to make it sound, then maybe you can give a true picture in figures of what they state of affairs are.

Smh. Pele Omoluabi

TheBillyonaire:
Did we really clear the debt, or we wrote it off?

There is need for monetary policy reforms as the status quo is stifling free market enterprise. There seems to be a major challenge between CBN cash management policy and the inflation management strategy.

The present inflation is not caused by excess liquidity, therefore mandating deposit money banks to limit flow of liquidity to the economy will lead to banking system collapse and encourage money laundering. I do not see how any business will keep its operations afloat without laundering cash at this point. I do not see wisdom in trusting liquidity to a system that locks down cash and make it difficult to access, yet the economy tanks. You can not build a society without lending and subsidy on manufacturing and infrastructure.

Unless there are square pegs in square holes at the helms of affairs viz-a-viz CBN and Finance Ministry, we are heading towards a disconnect between the real sector and the informal sector of the economy. This is not a free market economy, this is a quack experiment without clear policy direction. A crisis response system instead of planned proactive system with clear goal.

Reforms are good, but when the policy reforms between the Political Executives are ill-advised by a CBN governor that was not trained to manage crisis economy, then there is bound to be a challenge. Why do we do this all the time? Why are Politicians head of ministries instead of technocrats?

Why do we go to school for one thing and then get elected into office for jobs we were not trained for as compensation for helping us become President?

Why are we this stupid?

It is seriously an issue. We wonder how come we won't be in this position since CBN and Ministry of finance never ever advertise openings so can't get the best brains and minds.


Unless we have a clear cut out strategy etched on fine blueprints under a combined management of the ministry of finance, CBN, ministry for strategic research we are going no where. I have said it many times, Nigeria, Nigerian companies are always reach when it comes to paper and stock exchange informatics which is just a plot to attract gullible investment funds. There is need to break the dichotomy between the digitized Nigerian wealth and the realistic economy. Like you said, the nation has zero cash management policy and the inflation management strategy.

Softmirror:
You haven't said anything. I hope you know.

I'm not responsible for your poor thinking capacity. Return to JAMB

Lithiumite:
The CBN releases periodic results on the financial position of the economy so does the NBS and other relevant govt agencies.

The ways and means figures are known,the debt to GDP ratios are known and can easily be compared quarterly,it's only lazy whelps like yourself who comes out to make assertions without facts when all the information are easily available.

Stop disgracing yourself. This kind of financial report must be backed by financial statistics

Shawarmagirl:
Why are you wasting energy to educate those illiterate? Do something else with your time.

No. I won't. I know 98% of youths would absorb the lie and we bear 100% of the consequences of the decision reached so I choose not to be silent as a result

Lithiumite:
Bring out your facts to counter what the president has said.....what's so difficult in that?

Instead you are spewing in the mouth like an abandoned wife who sees nothing good in what her husband does.

No. It is the duty of your nation when it releases financial reports to provide financial statistics. Don't push your ignorance or your nations lack of how to run a nation on me. Bigots. You worship the idea of your kinfolk as president at the expense of destroying the future of your kids. Omoluabi oshi

professorPABX:
You may not benefit from the prosperity of NIGERIA. Those who wish Jerusalem well benefit from the prosperity of Jerusalem according to the scripture.

China was a developing nation few decades ago and not too long. Malaysia and Singapore were also not strong nations economically few decades ago. China passed through Fire before it becomes a great nation. Religion and Social information regulations and censorship which violation carried death sentence . In China during that period, there were so much censorship and regulations . We were never allowed to know what happened. We only saw the results but not the sacrifice.

In the WILDERNESS, while the Red Sea was at the front and Pharaoh Chariots were at the back, the Israelites in the middle cried to Moses asking him is it because there are no graves in Egypt that he brought them to die in the Wilderness? They said they preferred Slavery in Egypt to the imaginary freedom.

Those who complained never entered the promised land.

Tinubu is a man of Courage. With a budget of 96% committed to servicing debt on assumption of power, it takes ingenuity and Grace of God to get to where we are today. Once Nigerians accept total deregulation of the petroleum sector as our fate, things will start to happen.

7 billion dollars forex backlog cleared, 30 trillion naira ways and means debt cleared less than 15 months , no government in Africa can do that.

Does Nigeria appear like a nation with direction in your eyes, oga Prof ? You worship sensationalism when it comes from your kinfolk and totally abandon your reasoning skills. Smh, your wife married a complete dullard

Lithiumite:
It's better you come out with proof to counter the president's assertion than making erroneous disapproval devoid of logic.

Another product of a failed academic system. I won't help your mental incapacitation. If you need mental help, return to JAMB

olumike001:
If you read that Tinubu stole so so so amount...will you do your research h to know if it's true?

Why would any intelligent youth read any financial report and believe it without critical data analysis that supports such a reportage is what I struggle about you guys. Nigerian youths are mentally lazy. damn

Krankhead:
Go school you refused. Do you know the ways and means method was what Emefiele and Buhari was using to rum the givt for 8 years which is huge debt. That's what TINUBU is clearing now

Go and sit down

Godwin4444:
same way some Nigerian youths believe the one they cursed in Anambra can suddenly become d Messiah overnight n b d best thing for Nigeria

I'm not igbo. I think intelligently. Get lost

9jatriot:
The whole content is just good news, not just the headline.

Small small we will get there.

When would Nigerians youths develop strong critical analytical, reasoning and thinking skills. When ? You mean to say once government releases any info, you take it hook, line and sinker without any critical evaluation just because of your ethnocentrism and bigotry. Smh. Shame on your education, a cocoa farm would have yielded better rewards . How can you read financial news without financial stats and proofs and you absorb it hook, line and sinker. Does Nigeria in any way have the means to generate extra One trillion Naira to the national budget let alone 30 Trillion Naira? Use your sense man. You can't keep delegating your education to us


Now to educate you, Ways and Means was converted to bonds, transferring the debt burden to Nigerian youths to bear the burden yet again for so many years in addition to existing loans by converting them to bonds doesn't mean it was repaid


Where and how does Nigeria have the means to repay 30 Trillion Naira overnight. Do you people hate yourselves so badly all because of bigotry. Tueh



Now if the Ways and Means where cleared the first thing to have done was not to take loans but to bring back rationalized subsidy. Meaning subsidize like a quota per day now that we have approximate measurement of the fuel we consume. Subscidize fuel for two years. Use that two years to build twenty modular refineries. Grant small scale refineries setups and have fifty refineries in two years. Then peg the dollar to Naira to 1,000 Naira exchange rate over the two years period using Ways and Means to peg against the exchange rate.


This would instantly drop the prices of things by at least 100%. When we ask you people to support we mentally sound people to places we will make better decisions for you guys, you would refuse. Nigeria only needs sound intellectual management which your leaders lack and followers like you too

CyrusVI:


Kalu, You mean, I should believe you over the President?

No stats, no figures, no proofs, just the usual empty negative comments

You should have asked your president for what you are asking me. Half wit

Lies

SomeoneTalkToMe:
I promised my gentle and sweet elderly relative in Nigeria that I will buy something for her. I don't have anyone to help me deliver it for her and I'm looking for someone in Nigeria to do this for me. You'll have to look for the item, send me the pictures, then I'll send you the money to buy it and extra money for your assistance in helping me carry this out. I've promised her since over one month now and I'm not happy to be keeping her waiting. The only hold up is not having anyone to get this done for me. Please be a honest person who will not abscond with the money after I send it to you.

I run a business. Won't be hard to do this for you


0904 892 0665

healthkknatural:
Okay , Sounds Nice .

hope in reality it's so .

Meaning you have Already Made Company Buyers ,.

No delays in Payment ,No Rejection of Farm Produce on delivery ?

Buyers are the ones that request for Supplies before it's Taken to them ?

As I write I even have a 12 M Naira supply. And I have where to source it. I have many of such supply contracts. Out of nowhere where companies are calling me for supplies, lef, right and centre. Nigeria is blessed you just need information that links to wealth creation like this

healthkknatural:
God Bless you sir .
Not interested in Anything Farming .

Lost So much in Agriculture in Benue due to Fulani herdsmen .

It's God that saved my life and Family .

Left Benue and back home .

Lost everything.

I need Any African Country to move to now once I get funds from sale of a Property

Thanks

I understand. Give it a second thought. Anyways you are not farming. We buy from farmers from the store they keep the produce and send to company who pay on delivery. No farm or jungle involvement. As I write I have many of such supplies arrangements.

Beauty4brain:
It's a nice idea, but I feel too many people are into it already

What if supply business. The profit comes out let's say within 4-7 days and we can do it multiple times and continuously.


I have a thriving business we can do in Nigeria. I have a large amount of food items producers.

I also have a community of companies that buys them. We buy them and have them sold. You keep the bulk of the profits. I have as much contacts to make as much profits as possible.


The turn over profits is achievable every week so we do it on a continuous basis. How about this ?

I have a thriving business we can do in Nigeria. I have a large amount of food items producers. I also have a community of companies that buys them. We buy them and have them sold. You keep the bulk of the profits. I have as much contacts to make as much profits as possible. The turn over profits is achievable every week so we do it on a continuous basis. How about this ?


Reach me let's discuss on 09048920665

Difrent:
No
But mind your own business let everyone else mind theirs
Abi na you be government that has the responsibility to care for its citizens?

No give yourself headache for what another people are paid to do, if you care so much do the much you can and pray to God for blessings.
Me don realize tay tay that what you are trying to do here with this thread is efforts in futility, just do your part and don't make a fuss about it.

Peace

Shut up

Cjay18:
Need someone to perform some tasks for me from Monday to Friday.
Pay is weekly, high pay

Chat me up @Olafromearth on telegram

Your contact is not going through. Please send me a message on WhatsApp or Telegram on 09048920665