EvilMerodack:

He is a Lawyer, right?

Not surprised to know that he doesnt understand basic Economics and why this reforms are neccessary

A thread for Minnows

It shows that your parents are still the one feeding you.

officialwdhtv:
Nigeria shall be great again!!!

Pls subscribe to my channel after watching. Thanks!!!

no be by prayer

agulion:
We Yoruba Muslims are very comfortable with Tinubus gvt everything is ok in the country, na hunger go finish Aboki and ipob

you don't have sense.

Useless company

Die if you like, the Dollar will keep rising against the Naira !

- By Oni Gbolabo

People in Government must read and heed this.

1. Appreciation and depreciation of Currency is not related to race or colour. It isn't who is the President either; be he Hausa, Igbo or Yoruba.

It is basically about the production of goods and services and the demand of your products in the World Market.

A confused Country that produces almost next to nothing will never meet up. Policies only control your Currency, not the value of other Countries' Currencies against yours.

2. A Country where over 500 Industries died within 30 years must be stupid to complain of depreciation of her Currency.

We keep killing local Industries and expect policies to make it up, it's a joke Sir !

Don't use China as an example of depreciating Currencies and strong economy. China produces and may attract more export with that strategy, unlike Nigeria that produces nothing.

3. A Country where someone made away with $2+billion simply to be shared, is already a doomed one in terms of monetary policy and value.

A Country that produces a Dizeani and a Bafarawa, who spent billions to appease Demons. Those money without economic value is an economic waste and poison injected into the system.

4. A Country that favours importation over local production is doomed because it creates employment for other Countries while sacking her own Citizens.

Some people are working in Michelin and Dunlop somewhere, yet we use the tyre here.

Don't tell me about the principle of comparative advantage here; it's not applicable.

5. A Country that exports all raw materials without adding value to them, is shameless to talk of depreciation of her Currency, and will later re-import finished Products of those materials, is the peak of daftness.

A Bag of Cocoa will go for, like N1million Naira, but when it is processed, its worth is around N7million.

Even Farmers who produce the raw Cocoa can't buy the end product, Chocolate !

6. A Country that deliberately operates a banking system which gives loans to Importers at the expense of local Industries, is doomed and should say nothing about depreciation.

Most of the loans are given to Senators and Representatives not Industrialists.

7. A Country that gives loans in billions to the agric sector without monitoring and evaluation of such loan on how it gets to the real Farmers, is a sham.

A Guy collected over N2 billion agric loan. He bought a Jeep, built a nice House and used the rest to import processed Pork.

Meanwhile, local Pork Farmers are dying here. Is that not double tragedy, stressing Forex and at the same time killing local Industries ?

8. A Country that spends more on few privileged Politicians at the cost of the populace who are unemployed, should not talk about money depreciation.

A Country that keeps paying NNPC Staff N10 billion as salaries every month, when a single drop of Petroleum Products was not processed, should shut up about depreciation of Currency.

The only value-added product to the system is rising crime and criminality !

9. A Country where it is difficult for Investors to register businesses because of the demand for bribes by Governent Officials.

Right from the Airport to the Hotel; to the Ministers and to Governors, Investors will bribe. All these are part of cost of investment.

A friend brought an Investor on Estate Development just for the State Commissioner for Lands to demand 30% of the investment !

To see the Governor in a State will cost you N2 million as bribe before you can be scheduled. This is a State as poor as anything.

10. A Country where the cost of travelling for treatment Abroad by Government Officials will build World Class Hospitals should not talk about Naira against Dollar parity.

Money taken on that trip is part of stress on forex. Same as forex spent on Pilgrimage.

Let religion Fanatics keep off me here. Without going to Mecca or Jerusalem, you can still make Heaven.

Yes ! You waste forex on Pilgrimage and later talk rubbish about forex. Pilgrims get Dollars for N160 while Industries get it for N350 ! Is that not Crazy ?

11. A Country where a
few People have access to Federal reserves and those few can get loans, not because of what they can produce but the connection they have. Is that Country not doomed already ?

12. A Country where we import what we produce because it's "cheaper" to do so, is doomed.

13. A Country that has arable Land and teeming idle Youths but still complain of hunger, should not talk about Currency depreciation. It's not only annoying but nauseating.

14. A Country where free money flows can never control inflow and outflow of Forex.

Imagine someone who wants to hide his loot went to "Aboki", the Forex Dealer, to buy Dollars worth $50 million just to hide it in the basement of his House.

That money has no economic value, yet it deprived those Companies that needed it to import raw material. The same Companies go to "Aboki" to buy the hard Currency at exorbitant price.

15. A Country where a strong Bank Owner can influence shares from within the Stock Exchange Floor to inflate their shares' worth from N20 to N150, crash the same share to N30 and ready to buy it back at N28, all within a year.

Forget it, the Currency will never appreciate in such an economy.

16. A Country where Banks are involved in round- tripping and inflated cost to siphon money, is doomed.

A Company wants to import Caterpillar worth $50,000. A Bank made the forex for such import $550,000.

Meanwhile no Caterpillar was imported at last, yet the money faded into private accounts.

Who strained the Forex exchange rate in that case ?

Copied

HeatSeeker:


Don't mind him. All because he is not in power anymore.

Amaechi is referring to people like you.

Our Lokan

Gets “born again” with luxurious life-style, acquires N244million 2023 model Rolls Royce
His desperate letters to Tinubu, military over PSO
The axiom, never vouch for a man’s character until you have given him money and power seems to have strongly reestablished itself in Nigeria Customs Service(NCS) as Time and Chance may have conspired to change the former Comptroller General of Customs(CGC),Col Hammed Ali(rtd) from an overtly incorruptible and frugally- minded man to a recklessly extravagant and fortuitous billionaire in a space of eight years as the head of NCS

Shttps://mmsplusng.com/ex-customs-boss-ali-in-n300billion-transfer-saga-to-guinea-bissau/

Totilopussylick:
He should lead by example

Take the gun and be in front others follows .

Afterall he is the commander in chief of federal republic of Nigeria .

lol

prowland:
Islam the religion of terror.

you won collect?

Praise God I am alive today. Exactly one year today after an accident that resulted into a fractured of my tibia and fibula bone. Thank to God I am on my leg now running.

Illuminatiship:
Like if you think tinubu is our next president share if you think atiku is our next president the count starts now..

you be mumu

tit:
This guy should be 2023 president

unto waiting

tyup:
80year plus old man suppose dey house dey chill not merrying round on a farm

"Enu e le wayen'

MickzyDonald:
Kidnapping is now getting profitable everyday,
I hope you are not thinking what I'm thinking

you better stop thinking of going into kidnapping business

Ayokunleayoolashakirudeen:
For what exactly?

mutual benefit the scamner Insurance company.

No, it’s not a joke, it’s real.

This hole is 70m wide and 30m deep, and it is not natural. In 1971, Soviet geologists were looking for oil in Turkmenistan’s Karakoum desert. As they drilled deeper and deeper searching for that precious black gold, their platform fell apart and methane started leaking out.

Methane is toxic, so they needed to prevent the gas from spreading and poisoning the surrounding villages. So, what did they do? Seal the leak? No way, that’s not manly enough for Soviets right? The geologists decided to set the gas on fire, hoping it would just burn itself to exhaustion in a matter of weeks.

Well, unlike that fire, their hopes quickly fizzled out. The hole is still burning today. 50 000 tourists have visited the “Gates of Hell” since 2010. It’s an incredible testament to human hubris

https://www.quora.com/What-scientific-photos-are-hard-to-believe-but-are-indeed-real/answer/Paul-Sizey?ch=3&share=6eb8dd88&srid

Good foreign policy

Fake oba

1. Blood and saliva from ‘COVID survivors

If you’re desperate for immunity and are searching around the Dark Web, you might find blood and saliva samples from a “coronavirus survivor” and wonder at its possibilities. Could it be true, that these bodily fluids for sale in an online marketplace will bolster your body against COVID?

It’s a hoax. You’ll never see the blood and even if it was true, other people’s blood may be tainted with diseases, such as Hepatitis and HIV. Talk to your doctor instead.

2. Fake coronavirus miracle cures

Quacks have been hawking fake cures since the dawn of time, and nobody wants to fall for the old snake oil trick. Still, it may be tempting to believe that big pharma is suppressing a vaccine or that secret herbal pills can lessen COVID-19’s effects. Unless the advice comes from a healthcare professional or the CDC itself, ignore it.

Ignorance is a disease

tsephanyah:
Verified news. DSS arrested okalie because he tried to defraud people. He is lucky Hanan didn't filed lawsuit against him in the first place.

you are a mumu man!

5chrisade:


African Jazz is farce, its nonsense where AK 47 is deployed. Don't believe such hoax. Mc oluomo got stabbed and now this. African jazz is for illiterates and superstitious people, it doesn't really work.

"Omode o mo Ogun, ohun pe lefo_

"soro"

Kolisky:
Waiting for them to summarize for us

By their comments, we shall know what he wrote there

Lazy youth

Darivie04:

Doing speedy calculations does not make you a mathematician or math genius.

children of hate

dingbang:
and when you have made free WiFi possible, its still the same government that will arrest youths browsing in those free WiFi spots tagging them fraudsters.

May God punish the Nigerian mentality that is dwelling in government officials.

Mr Minister, mind yaself.

Human being with thier insatiable problem. If govt. do problem,if they failed to do problem.