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AreaFada2's Posts

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FamilyRe: 14 Things That Hurt Your Wife by AreaFada2: 7:39pm On Mar 11, 2024
kaywhy09:
Which wife?

You don't have to do anything though.

Being a husband is enough cool
Nor mind am.

A single paternity fraud blows all these 14 things out of the water.

No man should mumu dey rely on a woman. If you like cut your head to present to her as a gift.

She will shock you.
Treat a woman as you feel she deserves at any particular time. No manual.
BusinessRe: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by AreaFada2:
RepoMan007:
@bold part, the mindless printing of money ought to have been tied to real output that can translate goods.

Instead of handing idle or barely working civil servants salary from such money, they should have worked with manufacturers of food. Give them 20-30% of the printed cash and tell them there is a guaranteed buyer waiting for 3 times their average output at harvest price of last year. That will make them work harder than ever before and deliver a record breaking harvest that can be sold to earn forex, used to settle civil servants or used to buffer the market via national strategic grain reserve. InsteAd they handed the governors who went straight to the forex market. The last place any sane economics want to take printed cash to.

The sensible thing to do at this moment is import of food to curb short term hunger and aggressive production drive to boost GDP in medium and long term. Dry season farming is good but not enough.
But we already import a lot of food. Imagine all the rice. Do we drain foreign reserve to further import? We will lose more credit worthiness and put the Naira under more pressure.

It would seem doing anything in 9ja is fraught with serious problems: bureaucracy, red tape, corruption, lazy and incompetent officials. The climate is unconducive for investment.

People like me have invested in agric before during GEJ govt. Herdsmen and bandits later came in the past few years and have driven workers away and farms burnt down. Insecurity is a BIG issue.

We need a pan-African approach to tackling hunger. Then a regional currency that one country cannot just devalue anyhow. It has downsides as individual countries cannot react to economic changes quickly, but policies tend to be more sound when multi-national. No need for forex to import food from Gambia or Senegal or Niger anymore.

If not for corruption, Taraba, Kwara, Oyo, Niger and other states with massive agric land could lease land to other states to farm and sell to people in their states, fill up state silos/stores to control food prices. Rice, corn, beans and others can be harvested in a few months.

By the way, doesn't FG have food stores for strategic food security?
BusinessRe: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by AreaFada2:
RepoMan007:
When calculating the Naira to Dollar ratio, you didn't consider that not all naira in circulation are chasing the dollar or forex. Most are exchanging local goods. That brings the dollar back to around N1500 and below. The issue is still corruption. After increasing Naira in circulation and arming the governors with it, instead of dispersing it and buying local services or goods, they steal it and try to take it out through the forex market. That's what pushes forex demand and prices up mostly.
Under normal economic circumstances, increase in price leads to reduced demand of goods, and so forex demand should naturally weaken when prices go up, but in our case, as FG try to get more money across to the governors to reduce hardship, the money goes almost directly to the forex market.

Tinubu should bypass the govs and let their FAAC be just what they need for salary and then a flat amount of 2-3 billion for capital expenses. That's should give the FG space to do more impactful things for the masses.

Also to save crucial money.
New road should be suspended and only existing one be maintained and secured.
Health and education should get extra attention. Particularly, ASUU should be settled since Naira is less valuable and their agreement with ASUU was reflected in Naira and not dollar.
Whichever method you use to calculate naira-dollar ratio, you will most likely end up somewhere between 1200 and 2300 plus. So, whatever the true value, the scope for volatility is large, especially when we claim to have a floating rate, when in fact it has been a fixed rate that was poorly managed. Remember we have a non-convertible currency that reduces it as a store of value. And all the mindless quantitative easing/money printing. It has not resulted in improved economic activities as it did in many Western countries.

Of course, all the 78 trillion cannot be pursuing dollars but fact is a lot of money is out there seeking to buy dollars as a better store of value to hoard or to pay for import. We are still import dependent. Even petrol is imported.

Not only governors, even successful individuals will seek to shield their cash from devaluation by converting to dollars and hoard or pay into dom accounts. Remember dollar racketeering too. Banks get the money from CBN auction and don't pass it on to genuine importers but to their friends and BDCs/mallams to sell at a considerable mark-up.

Of course a lot of the money pursuing dollars are proceeds from corrupt practices.

Like I said, too much anomalies and poor policies.
BusinessRe: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by AreaFada2: 12:40am On Feb 17, 2024
InvertedHammer:
/
In countries with real data-based economy, high inflation supports their currency because of interest rate outlook. But in Nigeria, the reverse is the case. High inflation, naira devalues. So there are other forces at play centered on obligate consumption and corruption.

/
High inflation and high interest rate economy is a troubled economy.

FG still issues bonds at about 7% when inflation is running at almost 30%.

Yes, high rate of devaluation encourages spending but purchasing power is already low.
Now, we rely on import.

Some claim we have too much money in circulation: 78 Trillion Naira chasing limited dollar.

With $33 billion dollar foreign reserve, a rough true value of Naira is: 78 trillion/33 billion = 2363.

So Naira could easily still reach 2363 to a dollar.

If you still use Hamburger system to calculate true value, Naira is still weak.

People easily dismiss science, but economics follows scientific principles and fairly reliable.

If we were an exporting nation, with light, infrastructure, security and more stability, FDI would still flow in to benefit from a short and medium term bullish economy. Naira volatility won't matter too much as more people will get employment and income will rise too.

But 9ja has too many anomalies and poor policies.
BusinessRe: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by AreaFada2: 12:26am On Feb 17, 2024
naijamerican:
Agreed! Tinibu to 2027!

Even if Naira falls to 5000 naira per $1 i will happily vote APC! Those silly Obedients must be shown whose country this is! #APC4LIFE
cheesy cheesy grin grin grin
BusinessRe: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by AreaFada2: 12:25am On Feb 17, 2024
bjdon:
Na statistics we go chop grin
Abi o.
Dollar rate na statistics jor. Nobody dey chop Forex. grin grin grin cheesy cheesy cheesy
Since people nor wan get sense.
AgricultureRe: Groundnut Oil & Palm Kernel Oil Processing/extraction Business In Nigeria. by AreaFada2(op): 6:15pm On Feb 14, 2024
obioraeze:
Check this out,
Provide more information on these.
CultureRe: Benin History Week, Feb 8th-15th Annually Has Been Officiated - Nekpen Obasogie by AreaFada2:
This is good.

And also celebrate Queen Iden of Benin as Benin version of Valentine's Day of Feb 14th.
Gregyboy
samuk
Automaticmotors
Etrusen
TravelRe: US-based Lady Reveals Why She Stopped Sending Money To Africa (Video) by AreaFada2: 2:04am On Feb 14, 2024
Hausa:
Damn, bro...
What exactly did people in Nigeria do to you that is making you commit this fallacy of hasty generalisation?
Haba!

Omo, dem bleed you ooo.
If you spent decades believing in and pursuing the goal of returning to 9ja, only to see that virtually everyone you trusted was a fraud all along, you will know whether it's fallacy or not. You are talking of generalisation when I quoted examples of other people's experience too. Even the projects they managed to complete, it cost around 150 to 200% than the actual cost.

Anybody is free to invest in 9ja, but shine YOUR EYES. Trust nobody, especially if you don't have any parents alive anymore.

The good thing is that the disappointment has become a blessing now. Hold your hard currency where you dey hustle.
TravelRe: US-based Lady Reveals Why She Stopped Sending Money To Africa (Video) by AreaFada2:
Panda7:
why didn't she invest the money back home in africa, remember retirement life.
Let be realistic. Investing in 9ja is a major mistake unless you are on ground to do it yourself. People warned me years back, I didn't listen.

Done that, seen it. People managing it will ruin you. RUIN as in capital. Biggest regret.

My cousin got her own share of it 3 years back despite my warning to her. No house to see when she arrived home. House being built and pics sent were fake. Adjusting for recent inflation and currency devaluation, total sum should be about 65 to 70m Naira.

Simple advice to her: Forget the money and get your ass back abroad before they kpai you. Leave as soon as Covid-19 lockdown allows you.

Investment in shares? Same story. Fake land, etc.

If you saved 10m Naira in 9ia or invested in shares in 2014, how much is it worth today?

If you built a small hotel in 9ja, how much return will you get as ROI? Well I know many who have since sold up due to family eating all the proceeds. Decades of experience here.
9ja is a sink hole for your funds.

In any case, forget about returning to 9ia for retirement. To darkness, bandits, kidnappers, poor health care and bad roads?

Diaspora people should wake up. The community spirit and loving parents you grew up with are either already gone or will soon go totally. Nothing left. You are a grown ass adult now that only your nuclear family wherever you live care about. Nobody else.
Even the houses you built, some relatives are ready to drag it with your abroad based kids and wife if God forbid anything happens to you today. With juju and any other means.

Keep your money/investment for YOUR CHILDREN. Not in 9ja.

Do charity as the spirit leads you, but expect nothing.
CelebritiesRe: "I Am Sorry For campaigning Naked For Tinubu" - Olaiya Igwe by AreaFada2: 1:50am On Feb 06, 2024
Eiya.
Under a year in office. Na wa o.
CrimeRe: FCT Policemen Disguised As NEPA Officials Searched My Home For Working From Home by AreaFada2: 9:56pm On Feb 05, 2024
Akasammyoka:
Does there still exist anything like fundamental human right in this country anymore. All this just infringe into civilian rights without any fear of the law.
Funda wetin oga?

Was there ever one in this con3? shocked shocked
And this is country under civilian govt o. cheesy cheesy grin
TravelRe: US-based Lady Reveals Why She Stopped Sending Money To Africa (Video) by AreaFada2: 9:41pm On Feb 05, 2024
Major7:
I agree with you on this one,even my friend abroad is closer to me than his extended family members
Because you must have proven to be reliable and honest to your friend.

Many family members of those abroad want you to be welfare benefit officer that pays them monthly.

Everyone I know abroad has opened businesses, shops and set up relatives but 90% fail at it.

When you tell them in the beginning to apprentice under someone successful in the business first, wahala go come.

You hear things like: those doing it, do they have 2 heads? Bros, I only asked for financial help, not ideas. Na money dey yab me sha. I have already worked everything out, yada yada yada.

They want your money but not your ideas on how to succeed.

You give them money, they open a shop and stock it, and a year later business dies. A year later, they will be saying those abroad don't help.

What vexes me the most is that they will never admit you ever helped them. No matter how many times you set them up and they fail. Most Africans nor ready.

Virtually everyone I know abroad has same story: from Ghana, CIV, Cameroon, 9ja, name it.
TravelRe: US-based Lady Reveals Why She Stopped Sending Money To Africa (Video) by AreaFada2:
Major7:
I sense too much of entitlement feeling and anger in you. She has a point,those who you're helping should tone down their living.you can't be living large at the expense of others, just like my cuz who spend 15k on a very small handbag that's not worth it but she's always begging for help. Wisdom is profitable to direct
A place where a privileged minister can embezzle billions of Naira meant to alleviate poverty, what do you expect?

Too much warped views, leaving above their means and keeping up with the Joneses.
The average home-based person is entitled, bitterly and codedly envious and exploitative. Especially the laziest of the lot. Like only about 5% are different are not necessarily those you expect to be good to you are good. It might be outsiders that are decent. Even some parents are exploiters and embezzlers of funds from their abroad based children.

They say people abroad are stingy, yet same people won't give a beggar 10 Naira.

In 9ja, I like to go undercover in bukas and viewing centres (years back) and pretend to be home-based. The things I hear them say about those abroad is alarming. If you are abroad, just know that you are on your own. They see you as a cash-cow. No love. No remorse. The person you have been helping for 25 to 40 years continuously will still exploit you.
SportsRe: The Crowd That Came Out To Welcome Guinea After AFCON Outing by AreaFada2: 9:08pm On Feb 05, 2024
obioraeze:
Make naija no try loose for semi finals ooo
We won’t welcome them like …

C[[/b]b]heck my profile signature on how to buy land in Lagos ,Abuja or anywhere in Nigeria with certificate of occupancy.
Put your current list here. Thanks.
PropertiesRe: How We Designed & Built This 4-Flat Apartment in Lagos – Full Process by AreaFada2: 11:04pm On Feb 01, 2024
Nice
PoliticsRe: 81% Of Working Nigerians Don’t Add Value To The Economy – Taiwo Oyedele by AreaFada2: 10:42pm On Feb 01, 2024
Afrobasic:
Are you not one of their super supporters ok here huh
cheesy cheesy grin grin
PoliticsRe: 81% Of Working Nigerians Don’t Add Value To The Economy – Taiwo Oyedele by AreaFada2: 10:40pm On Feb 01, 2024
atiku4President:
Ask yourself if government has provided them with the necessary materials and trainings to deliver on their jobs. Do they even have offices and laboratories to work? Okay, is that the reason you have not taken their plight seriously?
Ask him if it's govt officials looting our commonwealth that add value to the economy. shocked shocked shocked shocked
SportsRe: Every Country Wants A Player Like Him - Asamoah Gyan Hails Osimhen by AreaFada2: 2:25pm On Jan 28, 2024
Deogratiasfx:
Exactly.....I can't count how many times these premature over hailing cost us future results. The worst is when Dangote, Otedola, Adenuga etc start promising them Lands in Abuja and Lagos, cash, wives etc. Then u know they are about crashing out.
cheesy cheesy cheesy grin grin grin grin grin
At least SE have done better than in 2022 edition. Any further good result now is just a bonus.
PoliticsRe: Senator Nwoko Initiates Bill On Monthly Payment Of Rent by AreaFada2: 2:02pm On Jan 28, 2024
Franklyspeakin:
Ahh this one wan spoil my business oo. Tenant wey no fit pay yearly hmm go fit pay monthly. Plus the money will be to small and useless to do anything with. I will simply increase rent so monthly pay will make sense o. I wont use 30mill to build 4 flats and not reap the benefits
The man/Ned did not even factor in inflation at almost 30%. If a landlord collected 400k per annum from a tenant in March 2023 and invested the money or spent it, it would have been worth over $400 worth of bucks. 33k per month (400k per year) rent in March 2023 will now be worth around 66k in March 2024. How can you expect a landlord that knows how rapidly money is losing value to sign up to that? Which landlord will not factor in inflation each month?

More landlords will be asking for rent in dollars. That will put more pressure on the Naira (Naira chasing few dollars around) and lose even more value.

Yes, he wants to be seen to be on the side of the poor but he didn't think it through. 6 months would make sense. Many of us do 6 months already.

Some landlord even prefer monthly rent sef. Especially old papa dem sharing face-me-I-kick-you with their tenants. grin grin cheesy cheesy

If you do anyhow, by month end end he kicks you out.
Christianity EtcRe: Nigerian Man Berates Church For Holding Service During Working Hours (Video) by AreaFada2: 1:00am On Jan 27, 2024
One day years ago in 9ja I went to deliver a message to a pastor around 10:30am. I thought the church would be empty o. On a Tuesday. I was shocked to see how packed the church was. People from babies to may 80 years old. shocked shocked shocked

That pastor later behaved in way that makes me suspicious of any so-called MoG till today.

Faith without work is dead.
SportsRe: Napoli confirms Osimhen to join Madrid, PSG or an EPL club at the end of season by AreaFada2: 12:46am On Jan 27, 2024
dododawa1:
Isheri Osun, ijegun,lkotun , ijedodo and ABARANJE

Den of DARKNESS
Are these juju shrines or what? grin grin grin cheesy cheesy cheesy

Wait oh, why is it that Ikotun customary court always hears orisirisi cases?

"Man seeks divorce after catching wife in hotel with vulcanizer", "Woman seeks divorce after catching hubby with bole and epa seller".

Even one funny magazine always reports funny things about Ikotun. "Woman dies during marathon sex with husband's best friend in a hotel".

Na only dem waka come? grin cheesy
SportsRe: Napoli confirms Osimhen to join Madrid, PSG or an EPL club at the end of season by AreaFada2: 12:31am On Jan 27, 2024
thesicilian:
He needs to join an attacking team where he can get plenty of assists. So that rules out Man U and Chelsea. Man City already has Harland so he should go to either Liverpool or arsenal
Agba baller!

You sabi the game. He needs a high pressing club with deft wingers to supply many balls.

Because he's not as clinical in front of goal like Harland or old Benzema, high ball numbers will help him to score 15 to 20 goals a season. And maybe minimum 10 assists too.

I predicted Klopp and Sallah leaving LFC by end of the season although I thought Sallah would be about 90% and Klopp maybe 60% likely to go.

LFC strike force is a bit congest right now but when Sallah leaves, Osimhen will slot in well. Arsenal could also do with an out and out striker.

If he wants comfort zone football, then PSG.
BusinessRe: Tope Awotona: Meet Nigeria's Richest Man In The US by AreaFada2: 3:10pm On Jan 20, 2024
Nice
FamilyRe: Am I Being Paranoid? Please Help Me by AreaFada2: 1:52pm On Jan 20, 2024
Itooweak4una:
Don't mind the advise of this one. Your son needs the influence of strong father figure and if he can't get it from his biological father, i don't know where else he would get it. Besides, this is an opportunity for your son to get the hell out of this zoo called Nigeria. I'm quite certain he'd be grateful to you and his father in the future if he's successful. If you refuse, he might resent you in the future especially if he's not well to do in the future.
Dude, make you nor talk.
Soon, some women will come along and say how successfully they trained sons alone. shocked shocked shocked shocked

Sons without a proper male (dad, stepdad, grand dad, uncle, etc) influence struggle to be "men" in life. Some may have good jobs, be married etc but will most times not know how to be a good dad or hubby. Of course there are few exceptions/outliers.

How does OP expect embassy to process child's documents if the child is not go to be immersed into the culture of the said foreign country? Most countries grant citizenship to foreign born people on the ground you are going to or intend to live long term in that country and contribute. Of course you can do otherwise after obtaining it.

Since the man was not yet a citizen when the child was born, it takes some procedure and correct filling of documents.

If OP wishes to keep the child alone and deny him/father reunion, she should simply say so.

The child can try japa route 25 years from now. shocked shocked shocked shocked shocked
SportsRe: Franz Beckenbauer Dies At 78 by AreaFada2: 6:25pm On Jan 08, 2024
RIP.
PoliticsRe: Lagos Takes Hard Stand Against Fake Drinks in Hospitality Industry. by AreaFada2:
Evboesi

The problem I have with our people from SW is hubris. There is this recent neo-colonial mindset and nationalism born out of new found increase in influence in national politics of religion and tribalism.

This hubris makes perfectly intelligent people refuse to pause, listen and learn.

They think that the history of the area now called Nigeria was also WAZOBIA tripod of a failed nation we have now. Things were very different centuries ago.

Benin Empire was the pre-eminent power in the South-Eastern part of West Africa that is still called Bight of Benin today. From about 1440 about 1680s/90s when Oyo rose, primarily on the back of slave trade. At least this is well-documented by the Europeans.

Oyo reached its zenith under Bashorun Gaha until eliminated by Alaafin Abiodun and Oyabi in 1774. We all know what happened after that. There was no other Yoruba Empire. Even Ibadan that rose following fall of Oyo could not be that powerful.

How come Ajayi Crowther who had the best opportunity to explore Benin-Ife connection did not? Because he was not much in the later political game of later writers in SW that brought it.

You can't consider Ibadan University ethnocentric politico-historians' accounts to be worth anything. grin grin

AutomaticMotors
Ghostwon
samuk
Gregyboy
PoliticsRe: Late Governor Akeredolu's Remains Arrive Nigeria (Pics) by AreaFada2: 7:25pm On Jan 05, 2024
RIP Omalogho.
Sun re o.
RomanceRe: She Wants To Relocate To Another City Because Of Me by AreaFada2: 7:11pm On Jan 03, 2024
carl90:
I met her when I went for service in Rivers state some years back. I live in Lagos. After the service year ,I have to go back to Lagos .
Now, of recent, we initiated a conversation that she still wants me and is willing to relocate from P.H to my base in Lagos.
I am still single. So, is she .
However, there are other women in the picture (there is always some in a man's life, right? whether you are single or married ?)
I am not committed to any of them though.
Should I encourage her to shoot her shot by relocating back to Lagos?
Carl90
In the same way, no woman is ever single. In fact women now have more men on the go than men.
She might also be using you as a chance to move closer to another guy or even guys in Lagos but fully funded by you. cheesy grin grin

If you don't intend to marry soon, don't carry her load on your head. Why does she need your support/permission to relocate to Lagos? Because she needs you to fund her in Lagos, no two ways about it. Whatever game you think you are playing, babes are much sharper and better at it. Nor dull yourself.

If you intend to marry her, then invite her to relocate.
PoliticsRe: Plateau Killings: Nigerians Have The Right To Bear Arms In Self Defence – Falana by AreaFada2: 6:16pm On Jan 03, 2024
histemple:
The process is not cumbersome and you don't need to approach the commissioner of police before obtaining the said license. You can get licensed by the area commander in-charge of your area.[b][/b]

You can get it sorted in 3 days.
Really and all legit?
PoliticsRe: Nigerians With Bogus Varsity Degrees From Benin,Togo Are Crooks, Not Victims— Ex by AreaFada2: 1:12pm On Jan 03, 2024
Successlane:
I beg to disagree with you on this |||

Core Northerners (vast majority, not 100% though) have not much regards for certificates like Southerners and part of Middle beltans.

[b]So they hardly go that crooked path just to acquire such qualifications

[/b]
So those Northerners everywhere in civil service, what qualifications did they use to get in?
Watch Dr Ramon-Yusuf interview on YouTube. He mentioned that in one finding in a neighbouring country, almost all students in a "shopping mall" university were from Borno. Last time I checked, Borno is in North-East. shocked shocked

Or you want to define Core North as only North-West?

We also used to say before that Northerners were very modest and not corrupt. Then IBB and Abacha showed us lessons.
Northerners are very peaceful they said, then Boko came.

Dude let's agree that 9ja is corrupt from top to bottom, North to South, East to West. Only then can we begin to find solutions. Not through denial.
Foreign AffairsRe: Hamas' Deputy Head, Salah Al-arouri Killed In Israel Drone Strike (photo) by AreaFada2: 6:54pm On Jan 02, 2024
Well, the dude got the martyrdom he wanted, Israel got rid of him. It's a win-win situation.

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