₦airaland Forum

Putindbutt:
You must be high on lizard concoction. Nobody in your generation can rival his legacy.

FreeBiafra2018:
You're not ashamed that rich guys are paying you to 4k their dogs and you'll come online to brag about rich and poor. Asha wo for dogs.

chieveboy:
Lol, he is trying to hard to cover up. Ajoke is his carbon copy.

He lied all through the allegations.

israelmao:
Prof. said he's in the habit of giving one-year probationary period to every government before he begins to criticize.

favor914:
How will the Naira not be falling when we have lazy things like you in millions that add no value to society?

If I lie, declare When last you got inflow of forex be it dollars, sterling’, euros into your bank aza?

FreeStuffsNG:
His words, “The naira is undervalued by 33.58 percent at the parallel market rate of N1,285 per dollar and 4.16 percent at the NAFEM rate of N890.54 percent.”


He shut down the opinion of some analysts that the country needs to spend less, arguing that what the nation needs to do is to spend efficiently and not less.

Brilliant economic analysis by Mr Bismarck Rewane that many will still fail or struggle to comprehend. Smh.

Keep your naira! Naira is currently undervalued. If you exchange your naira for a USD, you are actually exchanging your wealth for poverty by overpaying for the overvalued US dollar.

Expect a boon in the economy and a massive leap in our national aggregate output. Subsidy removal alone will fetch us about N4 Trillion while free float of the naira fetches Nigeria another N4 trillion, this total N8 trillion would have been converted to US dollars and exported overseas but for the brilliant and patriotic leadership of President Bola Ahmed Tinubu.
May God bless Nigeria for ever! Check my signature for free stuffs!

mrvitalis:
Has this ever been done in Nigeria? Never

You just borrow money to build infrastructure that's what you have been doing since 1960

Infrastructure doesn't drive economic growth

LegendHero:
If I am the president, I will devalue it to #5000. And if anyone complain, I will vex devalue it to like #120,000. Do you see how that sound?

Lets say we recatapault all our money to cassava by devaluing naira more and removing electricity subsidy and etc. can you tell me the resultant effect on other sectors of the economy?

It will be disastrous because you will be massively increasing inflation all because you want to mass produce cassava in 10 years. Na petrol subsidy we still dey battle, remove electricity tariff and that will cause more misfortune to the people.

In a country with crazy amount of Saboteurs. Even that your cassava you are planting will end up like the rice failure that happened when those farmers collected the money to be marrying wives. Now see where we are with respect to rice after all the billions that was invested.

Nigeria problem is not usually about the textbook definition. Economics in Nigeria has a lot of external factors that keep rearing their heads.

mrvitalis:
I don't know what metrics he is using but for me naira is over valued at 1300

If I were president I would devalue to #1700 then aggressively defend it there as I would have the liquidity to do so

Key thing is we need to identify key areas we have global comparative advantage.. ( what we can produce cheaper than most part of the world or what we have the potential to produce cheaper than most of the world) and heavily provide credit facility to this sectors

Driving export, increasing for example earnings

If we remove the subsidy on electricity and invest 700bn as loans to bank at 3% interest rate to be given to only players in the cassavacassava/ sweet potato to ethanol industry... I believe we can catapult that industry to a multi billion dollars industry creating millions of jobs and getting our investment in 10 years max

Putindbutt:
A technocrat who became a minister, his company must die because he is a minister?. Do you know how many SANs who are public officers collecting briefs from govt?


Did he declare conflict of interest during the bidding process? If he did not, then he is guilty. Stop defending the indefensible.

Putindbutt:
guy, you're talking nonsense, his company can execute any project for the government so long as due process was followed.


Have you heard about conflict of interest. This is monumental corruption and is indefensible.

Kukutente23:
So Oruma is above Mikel in national team to you?
See, forget. Oliseh messed super eagles up and we've not recovered since then.
A good coach learns to manage the ego of his important players except in a case where their performance has dropped.
Go watch Messi documentary. Guardiola said no coke for the team before a match. Messi came to the team manager and said he wanted coke. The team manager reported to Guardiola. Guardiola said give him a coke. You have to know when to shift ground and when to stand your ground.
Oliseh bleeped up badly

God1000:
And we're still suffering it till date, the exit of Enyeama from super eagles without having another good replacement will continue to haunt us.

Enyeama is irreplaceable

LandMann:
Dangote is a lazy man lucky to come from a country where corruption, nepotism and all manner of vices thrives.

Any idiot will become a trillionaire overnight if given the same evil corrupt opportunities given to dangote. The man is not smart at all. If he was in the USA he'd since have gone back to farming.

Do you know how many of his trucks get damaged beyond repair daily? Do you know how many persons have ran off with full trucks of cement and petroleum products yet his business is still standing because he runs his business with money corruptly gotten from Nigerian government and politicians who have looted the resources put in their care.

Dangote is the type of person who wants to thrive but will never allow others to thrive. You can be deceived by his fake philanthropy. You're all from the same heàdslaming region where illiteracy rules. I care less about his achievements until I start to see ordinary people in the streets feel the impact of his production activities.

Dangote is a vehicle used by evil politicians to milk Nigeria.

Why will dangote get subsidised dollars from the equally corrupt and incompetent Emiefele used by Buhari the dullard when ordinary Nigerians are locked out from accessing the same dollars?

Did such corrupt access and undue privilege given to him make any of his products cheaper in the market?

I don't expect you to understand any of the above cos you're a brainwashed asslicker.

Avoid mentioning me.

deenee:
I pray God heal you from yiur bias.

How is Dangote a monopoly?Do you even know what a monopoly is?

In the pasta business there are over 15-20 variants of pasta in the market producing locally. This is even exclusive of the imported pasta.

In cement, there is BUA,Lafarge, Ibeto etc

In the sugar and salt there are over 10 manufacturers excluding the imported ones.

To say he has monopoly is like comparing him to Nepa and Nitel and Nipost of those days that were the only providers of service in their space.

How has Dangote stopped Ibeto? Do he stop Ibeto from building Cement factory. Ibeto choose the easy model of importing which will make quick revenue but unsustainable in the long run a d subject to a plethora of externalities that even him Ibeto can't control e g FX availability or scarcity of it.

Price competition is a very common strategy hence one manufacturers or seller can decide to reduce price on a product to gain market share and volumes.

Try and desist from your hatred for him

The man is the largest employer of Labour in Nigeria outside of govt.

How do yiu know that cement shouldn't cost more than 3k. Which production and pricing model do you have to verify and authenticate this. Please share let's see. You people just sit and try anyhow


His refinery started work yesterday. Choke on this

EmperorCaesar:


This is really bad
But then,Naira isnt rolling down an incline plane so it won't continue to go bad for them

Trust Cardoso to make the Naira appreciates again and these guys will have stronger reasons double their productivity


As for the enemy of the states, dem go quote me to explain tire....Obidients I mean

cenaman:
Somalia is even better than Nigeria currently.