₦airaland Forum

FreeStuffsNG:
This is not a big deal. Government should pay the debt to CCECC or go ahead with the concession. If I were CCECC, sincerely, I will insist on the payment and avoid headache with labour unions because they once did shege to Bi-Courtney that took that concession approach to recoup its investment.

The problem is not even FG, it's the workers and their labour unions. Some corrupt workers will incite their union against CCECC and will soon start locking up the terminal once the terms of the concession blocks all the leakages for corruption.

FG should create and issue a special Aviation Investment Bond and then use proceeds from the sale of the fixed income bonds to pay the debt it owes CCECC. TSA should be able to help them monitor the inflows from which they will redeem the funds back to the bond holders .

Sincerely, it should not be too difficult for FG to raise the funds to pay CCECC because of the guaranteed return on investment of this cash cows, especially the Lagos Airport Terminal. So they should not allow the civil servants turn such a laudable project into a conundrum.

All the enemies of Nigeria will lose las las. They always lose. God bless Nigeria.

Thank God such minds are still around. There is still hope for Nigeria.

Carcholce:
I saw a thread on front page few days ago about sleep paralysis. Going through the comments section. I realized no one knows what sleep paralysis is really about.

I will not say too much about it, but for experimental purposes. When next you experience sleep paralysis. Don’t fight to snap out of it. Try to be aware it’s happening and remain calm. Over time you’ll see why it happens and you’ll start floating around your room. You can even eves drop conversations of others while out of your body.


Everyone can do this but not everyone knows how to.

NOTE. WARNING!!! You might not like some things you’ll see and hear.

The is nothing ‘spiritual’ about this phenomenon. What happens is, to put it simply is the brain shifts it’s ‘gear’ into neutral kind of disconnects from the body. The reason for this is because the brain continues to function while we are immobilized (asleep), hopefully safely in bed. Otherwise how could it perform other important functions like sorting and storing of information? Hence we dream but at the same time remain immobile.
The so called “paralysis” is experienced when the brain is about to re-engage the body but it’s a bit slow. Say a slit second between when we regain consciousness and when the brain reconnects to the body.
All hail the Brain, the most fascinating organ to study.

E2000:
You may not believe me but I speak the truth. Sleep paralysis can be caused by Ulcer. Ever since I treated my Ulcer and stay away from hunger I no longer experience it.

The is nothing ‘spiritual’ about this phenomenon. What happens is, to put it simply is the brain shifts it’s ‘gear’ into neutral kind of disconnects from the body. The reason for this is because the brain continues to function while we are immobilized (asleep), hopefully safely in bed. Otherwise how could it perform other important functions like sorting and storing of information? Hence we dream but at the same time remain immobile.
The so called “paralysis” is experienced when the brain is about to re-engage the body but it’s a bit slow. Say a slit second between when we regain consciousness and when the brain reconnects to the body.
All hail the Brain, the most fascinating organ to study.

The is nothing ‘spiritual’ about this phenomenon. What happens is, to put it simply is the brain shifts it’s ‘gear’ into neutral kind of disconnects from the body. The reason for this is because the brain continues to function while we are immobilized (asleep), hopefully safely in bed. Otherwise how could it perform other important functions like sorting and storing of information? Hence we dream but at the same time remain immobile.
The so called “paralysis” is experienced when the brain is about to re-engage the body but it’s a bit slow. Say a slit second between when we regain consciousness and when the brain reconnects to the body.
All hail the Brain, the most fascinating organ to study.

Lets simply merge APC with PDP and turn into a one party state. Like in China, where all the politics takes place within the CCP.

Ukraine should have learned from countries like Switzerland and Austria and remained a neutral country.
It would then benefit from being both friendly with the western countries and Russia being at least comfortable with Ukraine.
I don’t know this obsession about east European joining NATO / EU as junior parters.
Why not remain proud non aligned countries.

CSTRR:
Buhari is tall as an iroko, but one of the dumbest president I have seen in my life.

Putin and Xi ji ping are both short yet they will always dominate the room.

Xi Ji Ping short?

It is standard diplomatic protocol. Heads of State and Governments stand in front for photo sessions.
The advantage of being represented at the 'Highest Level' in such meetings.

I have been to Salvador and had a chance to taste the akaraje. Basically it is blended beans fried in palm oil with local variation.
Conversely the Brazilians gave us cassava, which we use as garri. Tapioca and Macao.
There is a strong Yoruba influence in Salvador Bahia.
I was told that when Slaves where brought over by the uropeans, they gave the Slaves new names and forced they to forget their identity. The Slaves came mainly from Southern and West Africa, but only the Yorubas were able to maintain and pass on their culture. The other Africans later had no other choice than to adopt the Yoruba Orisha religion. Hence the Yoruba culture became the dominant African culture in Brazil.
One thing about Nigerians is they tend to dominate others Africans wherever they find themselves.
All hail Nigeria, potentially the most powerful country on planet earth. Pity we are no where near our full potential.

Borrowing to shore up exchange rate vs exporting to strengthen the value of naira. Very clever people.

Baba don tan well well.

Mr……who stole my laptop? Someone has stolen my laptop. Where is my laptop? My laptop was here now it’s gone. Please can you return my laptop.

The question is where did he arrive from?

This looks like he is on his way to face the “firing squad”. It reminds of the bloody years of military coups.

Hope the ship is deployed to Kano State

Not possible!!
We will not take this!!

No sense of humour at all. Well I know country hard well well.

omoadeleye:
Your head is not correct, upon all the issues going on in the country, this is the bs you can think of? You can try better.

You are very rude!

No sense of humour!

This message is to Nigerian women.

As you well have noticed, the “Presidency” has seized control of the First Lady’s conference room for about a year now.

Not a word or whimper from the Nigerian women.

Women of Nigeria arise and fight for your rights. Seize control of your hallowed conference room and take back what belongs to you.

But no guns please.

It’s not a ‘funny portrait’ rather it’s called a caricature.

NwaNimo1:
State capture.....

[img]https://media1./images/5b8f98be79a4d2c036dffc19820f8e0c/tenor.gif?itemid=20756518[/img]

Rather 80% state capture

SarkinYarki:
Trust me on this Emeiefele is a stack idiot

Can you explain?

dawnomike:
The CBN governor has become clueless...

Can you explain?

Float the naira now and do not announce the date for the commencement of the refinery. Speculators will eventually get their fingers burnt. Those who understand how fickle fx rates are under floating regime will be mindful about the price they purchase dollars.

TheOgaBoss:
don't mind these idiots who don't know what they are saying, the VP if does not know jack, even China with their Hugh industrial capacity has not dared to float their currency much less a Nigeria thta cannot produce "shit", we cannot even refine the oil we produce, the co is confused.

China rather is undervaluing their currency to make their exports more competitive. Why do you think made in China goods are so cheap?

baralatie:

I apologize if my response was offensive!
Please do not be annoyed

Not at all my friend. We are all here to rub minds and share ideas.

emorse:
You seem to have forgotten that Bubu bowed to pressure to float the naira sometimes around 2017 or so and it dropped from about 230 to 500+/$. Even some of our prophets of doom predicted at the time that in would fall below N600/$. Inflation rose sky high and we slid into recession. It took the CBN's intervention to stem that tide even though partially.I'm no economist but I can connect the dots.

Nigeria is an extremely import-dependent country so market forces could pull the naira even below the 1k/$ being speculated. Devaluation didn't help Zimbabwe. I doubt if it will help us.

In my opinion, the way to go will be to reduce our import bills by maximising local production and if possible, increase exportation after which, the nails can be allowed to float. Otherwise, our own go worse pass Zimbabwe own.

In my opinion, I do not buy the idea of ‘import dependent nation’.

We have to diversify our sources of foreign exchange. We rely on oil for our forex, what about countries who don’t export crude oil some even have to import oil.
Before the quadrupling of oil price in 1973 oil was less 3?dollars per barrel. Nigeria had a stronger more diversified economy than now. So to say Nigeria is a mono product economy is because we decided to make it this way. You cannot rely on demand management all the time it time to look at the supply side as well.

baralatie:
You are not getting it at all
A dollar exchange rate getting to #800 to #1000 means
The cost of your fuell imports has increased by 3 to 4 times the current rate

Currently petrol alone is subsidized from #300 to #162 (@ #411...cbn rate)
This subsidy itself is causing problems for bubu and states
@ any further [b] increase of naira to #800 to #1000.automatically means your fuel has increased to #600 it will erase all those nonsense you wrote up there

Unless you
Cancel subsidy

I have not mentioned the wahala on inflation and power

First of all that is not the way to address other people young man. I don’t know your background. If you don’t agree with others there is a polite way of saying so and putting your views across in an intelligent way.

Good manners are very important. Never mind the dire situation we all find ourselves.

baralatie:
The bolded is the perogative of the executive president of the federal republic not the CBN governor.
Meanwhile you have not settled nnpsc, and it's subcontractors dollar demand for it's imports.
Excluding importing by man for it's raw materials and machinery
Excluding dollar requirements by fg for external dollar debt loan financing
Excluding imports of wheats and kpanla and sugar
Excluding dollar requirements for trade at npa o for your phone,laptops ,cars

And you only major source is ..........

what do you think will happen to bubus govt if dollar sells.at #800

The naira equivalent is distributed at monthly faac meetings in Abuja.

You don’t appear to see my point. CBN sells at the market rate. This will have the following consequences.
Increased revenue to the 3 tiers of government.
Increased remittances from the diaspora.
Increased FDI
Increased portfolio investment
Increased tourism inward
Better allocation of fx
Decreased fx arbitrage
Decrease in health tourism.
Net increased fx inflows will lead to a lower more realistic rate for the naira.

baralatie:
Do you know how many dollars that nnpc and it's sub contractors purchase from the cbn that is inevitable.
They must buy

With regards to the CBN you have to look at both sides of the balance sheet as it were. If depends on what the CBN does with the increased naira proceeds. Social intervention programs. Subsidies targeted at the poor and vulnerable.

Trentee4eva:
Mumu talk. Is the naira not devalued already? How can devaluing the naira help tourism?

I don’t know background but will say this.

How do you determine the value of the naira do think it’s a matter of emotions?

A cheaper currency encourages tourism because tourist realise the money would go far when converted to the local currency. That is why poor people go to countries like Thailand and can afford to stay in 5 star hotels. A hair cut with a Nigerian barber in London cost £10 convert the to naira and see if an average Nigeria man can afford to have a hair cut every two weeks.