₦airaland Forum

Dtribeless:
You're an embarrassment to Australian education if, having not understood much in class, you cannot research for information.

i take it you have researched it? Can you then tell us why the British pounds has more value than U.S dollars? Or why Kuwait's Dinah is stronger than British pounds? Just explain, no insults

diamond68:
when I say the size of your nukes I mean THE STRONGER YOU ARE MILITARILY YOU GET TO BULLY YOURSELF INTO HAVING THE STRONGEST CURRENCY. ITS RIGGED. It’s white man voodoo economics

i studied Economics and Accounting in Australia and I am a student of history but I still do not understand currency valuation. In truth it is white man's voodoo politics (not economics).

For instance, Ecowas has been trying to initiate a single currency for the sub region forever with no success because they say countries must achieve certain inflation, monetary and fiscal targets to qualify. My question is, when the UK imposed their pounds on bush African communities in 1890, did those bush communities meet those inflation targets?
As bad as naira is currently valued, it is still way higher than Indonesian rupee despite Indonesia being a larger and more stable economy.
China produces more than many countries but still has a lowly valued currency.
Currency is a political tool rather than an economical one.
Our naira was stronger than the dollar in 1980, then IMF suggested we start devaluing it because it's value was inflated. Question, why didn't imf suggest to the British to devalue the nigerian pound when the British were incharge, considering that our economy in 1980 was way larger than our economy under British rule.
Politics

Modified
I see a few people quoting me to tell me China deliberately devalues its currency. Well that is exactly the point of my post. That currency valuation is more politics than economics. Do you get it now?

Those who wanted to plunge Nigeria into a war 10 years ago are now emergency patriots.

Fool me once.....

Enugu my home

Noblechykk:
Speechless. Well, let's wait to know why the soldiers did what they did.

would it be anything other than a senior officer's house was demolished for illegal structure.
Criminals in uniform

tamdun:
Dele Farotimi tweeted that his secret wet dream is to be sued for libel, could all these be intentional?

Lol. Libel in most countries is almost always a civil case. No need to lock someone up for libel or defamation. Just sue for damages.
Nigeria own dey always different.

zereuwa:
The

“The arrested suspects include Ismaila Isah (aged 23), Sadik Ahmed (a dismissed soldier, aged 28), Abbas Usman (aged 33), Mubarak Garba (aged 24), Abubakar Haruna (aged 23), Abubakar Sani (aged 32), Obiri Chukwuebuka (aged 22), and Bright Omeniru (aged 22).:

The bolded shows something about the current insecurity in the East

sulaak:
Rebasing the economy against the unproductive informal sector doesn't make any sense





https://nairametrics.com/2024/11/16/fg-to-rebase-inflation-gdp-data-in-2025-to-drive-policy-accuracy-investment/

The informal sector is not unproductive. A farmer for instance is within the informal sector but some of his products may end up in UK, as a meal to a Nigerian family in UK and earns the country forex.
A plumber helping me build my house is in the informal sector but I still send money in dollars when I want to pay him.
Nigeria's economy is worth much more than Wikipedia shows bro

Yorubas are sad little people with an Igbo obsession

Yorubas are sad little people with an igbo obsession.
People who could be from any of the 270 tribes in Nigeria are discussing Yorubas girls on twitter and the obsessed foo.ls can't wait to link igbos to it.

JagabanB:
Nigeria once had hope?
It's like you were not aware of yourself before APC or you are just trying to be mischievous.
Nigerians once had hope my foot.

I personally had hopes that I can stay in Nigeria, get a good job in a bank and build my career. That was before violence and chaos took over every state including lagos and abuja. Today most Nigerians can't wait to japa

Cruise777:




Fact no capping

Fabura is a dull guy

It takes money to sustain local Politicians and supporters at ward and LGA level

He is fighting lawmakers and think it will end well


Tinubu Jagaban GCFR kept Mudashiru as State House Speaker for a reason, Lagos lawmakers all get pampered




.

This is the change you guys wanted? You guys should never have happened to Nigeria. Nigerians once had hope but you guys in APC have crushed it completely with your style of politics.

I remember you guys were happy saying wike is silent and hasn't spoken a word. Well he has spoken and spoken like a small pikin. Now you have changed goal post.

It will be interesting to see how the bromance between Yorubas and Reno ends. He is constantly pressing their mumu button these days

Also interesting is that Yorubas that were fighting wars for 100 years to the extent that they willingly submitted to be colonised are now models of peace? OPC terrorists

Philipponzaghi:
Then give APC 16 years and see what level the naira will be before you judge them.

Yes, Nigeria was the fastest growing economy in Africa back then too. Especially during the oil boom back then.

you already have 16 years. Let's see what you do with it.

JagabanB:
Fastest growing economy due to high demand for crude oil, dollar was being backed by foreign reserves under those government, this government is not doing that.
To show u that the previous governments is not better than this, the only thing u folks keep talking about is dollar, price of fuel, price of rice.
Why don't u talk about industries the previous governments built?
Why don't u talk about infrastructures?
Why don't u talk about businesses and start ups they created for Nîgeriàns?
Because u know they didn't do any of those abi?
The difference between South Africa and Nigeria today is that those years PDP wasted looting and sharing, commission a project and abandon it but the money will disappear, South Africa was busy building standard roads, schools, hospitals and attracting businesses.
The only thing u all can talk about is dollar, dollar, dollar.

yes let's talk about that. Our telecommunication and banking industries were founded by PDP. The two industries were nearly non existent in 1998. Soludo and MTN changed that.
Our cement industry was non existent in 1998, today Dangote alone makes more cement than South Africa which used to be number one in Africa.
Let's talk about Hollywood and entertainment industries. Let's talk about Abuja and how PDP built it.
What are you talking about?

And no Nigeria economy was not fastest growing in Africa by 2007 just because of oil demand. That was in 2014. 2007 was because of industries.

Philipponzaghi:
What about before PDP happened in 1999, can we see the statistics?

—PDP met fuel at #11 and they increased it to #65 when they left.

— PDP met naira to dollar at #22 to $1 and they left it at 187/$1.

—PDP started Boko Haram, pre-99 we don’t have that.

was Nigeria also the fastest growing economy in Africa before 1999? From your analysis, it took pdp 16 years to depreciate naira by 800%
It took APC just 8 years to depreciate it by 1000%

When dollar was 117 naira
Fuel was 57 naira a litre
Nigerian economy was the fastest growing in Africa then.
No boko haram
No or very little bigotry
When nairaland wasn't about politics and insults but a place to have decent discussions about Nigeria and business
Before Tinubu decided to be president and join forces with enemies of Nigeria

Sometimes be careful what you wish for

Yoruba people are sad little people with an Igbo obsession

Khyrvxjzy:
i dont care and i repeat no state control it resources

SMH. Unintelligent people

Wujio:
My dear. It is what it is o

well I hope that all the rubbish you guys support just to be president after fulani has led to your region having super highways, security and steady power supply. If not, then you guys need to really check if it's you playing bad politics or igbos

Khyrvxjzy:
no nation of the world that state control it resources

Every federal nation's resources are controlled by constituent states. I live abroad and the state where I live control their own mines not federal

Wujio:
Everyone needs to stop assuming Wike is wrong. All thats happening may make him appear guilty, but he couls just be trying to avoid what Okowa did to Ibori. You cant take out the foundation that eas used to raise you up, rather you consolidate resources for improvement not try to clean the ground

The type of things yorubas support sha. Do you guys ever support justice and equity?
Even Peter Obi could not become godfather in Anambra despite being loved in the state. Why do you guys support trash?

yarimo:
security operatives will get you soon, always looking for where to steal in the name of protest. Criminals everywhere

Rice Bandits. You guys stole covid palliative, stole your oba's staff, stole rice. Only you guys. Nawa

Reno Should remember to leave some friends. He has fought yorubas, Hausas, Fulanis and now Igbos. How can one man be this toxic and still thinks he's not the problem.
GEJ partly lost the election because of him

3ice9ce:
Adamawa is no man's land. It was founded by an Igbo man from Enugu state.
His brothers usually called him Wawa, so when he got to Adamawa, he named it Adama-wawa.

Even Atiku is from Jada in Cameroon, he met that Igbo man in Adamawa.

you guys have started again gaslighting igbos. You will run and say Lagos is not no man's land. Yet you won't show us which person called it a no man's land in the first place. This is the earliest newspaper associating Lagos with the term no man's land and it was made by a Yoruba man. Evil people

Candidlady:
Men and their stupid entitleMENt MENtality

Ihave seen people build houses or even leave the country without their parents knowing


Yaro you are just a friend!! Get that into your shallow brain

So you fed him... Must we know.. Ubanka


Atleast he invited you.. You should be grateful..

To be honest, I try to avoid people like you as a friend. People who believe that wanting them to treat you as good as you have treated them is 'entitlement'. If people treat you badly so that tomorrow they won't feel any entitlement from you, that is when you will understand how counter-productive this mindset is.

Urheadmaster:
He as achieved is evil plan before taking is life

At the bolded. Tell me you are Yoruba without telling me you are Yoruba.
Igbos and Hausas also have this mother tongue interference but only Yoruba own is both written and spoken.

tamdun:
Jonathan did his own toi

Trying hard to drive a silly narrative to justify how you guys took the country 25 years back with your APC change government. Swear that you have enjoyed APC government. Country has literally come to a halt in development.
I still challenge you to name 10 consequential positions under Jonathan occupied by Igbos.

I voted Buhari in 2015. But damn do I regret that decision. You guys were busy fighting an ethnic war in 2015 while Patriotic fools like me thought you were fighting for a Nigeria where we can eject non performing leaders.

tamdun:
And Jonathan,he filled his govt with igbos...

Name 10 igbos in GEJ government. Make sure the people you are naming occupied CONSEQUENTIAL positions. Don't name special advisers here or deputies

Buhari ruined Nigeria no cap

Hideaki:
Kenya is a shithole

1 usd is 153 kenya shillings. They have 2 good cities with pictures attached and there is constant power supply in those cities. No insecurity.