₦airaland Forum

Even devil knows that APC is Devilier than him..

Motor Parts sellers be like go flex nah, God bless their hustle jare..

kaima1984:
Nwanne onye nweregi nwere connect

hahahahahahahaha! Adanne u funny finish eziokwu, connect gi nwere Connect

But PMD is pighting kwaruption



Tonda Faya devul

That's an end time sign..

Blitz888:
Ezigbo Onye Omambala... ekelem gi

Udo diri gi Nwa chineke..

LAGOS—EDO State Governor, Mr. Adams Oshiomhole yesterday called for increase in the number of items excluded from accessing foreign exchange in the country as part of measures to protect the nation’s currency from further devaluation.

Meanwhile, the Nigeria Labour Congress, NLC, said it would soon submit a proposal demanding for a new minimum wage of N48,000, based on the impact of the devaluation of the naira on wages. Speaking in Lagos in the first TheCable Colloquium, titled, “The Naira on Trial: To devalue or Not,” Oshiomole said that further devaluation will not solve the nation’s problem, especially the appetite for imported goods, which he argued is the real problem bedevilling the economy

Devaluation will not curb importation Citing statistics on foreign trade, he noted that previous bouts of devaluations have not reduced importation of goods or increased exportation as canvassed by proponents of devaluation, as imports have continued to increase despite devaluation of naira. He said: [b]“More than that, the real critical question that settled this debate is, will devaluation curb our appetite for imported goods? The evidence with CBN shows that prices in the Nigerian economy do not curb the appetite for foreign goods. The last time the CBN devalued from N158 to N198 around 2014, as a matter of fact, our export actually declined by 34.1 per cent and our import increased by 2.9 per cent after that devaluation. Naira “Now, I can imagine the reason you have this abnormality and this brings us to the initial question. When human being does not labour to earn, they do not spend rationally and because you have so much money, this period also coincided with the period politicians were preparing for election and all the things that politicians have to do. If a lot of money is accruing to people like that, their spending cannot be rationale, so even if you devalue 300 per cent, it will not curb the appetite of the elite for imported goods, imported toothpicks , frozen chicken, and Brazilian hair.”[/b]

Investment bankers prosecuting the naira Oshiomhole noted that the current agitation for devaluation of the naira is been spearheaded by investment bankers, who thrives on currency manipulation and speculations. He said: [color=royalblue]“Rather than the government as it used to be in the past indicating its intention to devalue, it is a section of the people that are behind this agitation. Who are these people?  The investment bankers who want to trade on  bonds and other commercial papers. They don’t want any interference. You can use visas to restrict and regulate the movement of human beings but CBN must not use any instrument to regulate the movement of dollars in or out of the country.”[/color]

NLC demand for N48,000 minimum wage In his own contributions, Deputy National President, Nigeria Labour Congress, NLC, Comrade Issa Aremu, warned against further devaluation, saying that previous devaluation has corroded the value of the minimum wage. He said: “The last time we signed the minimum wage, which is N18,000, which is the current rate, and this was between 2009 and 2010, this translated to $124. But now on account of depreciation alone, this $124 has dropped to less than $60. So wages have been completely eroded on account of devaluation. So in nominal terms, if we are talking just on account of the exchange rate, the minimum wage which is currently N18,000 should be about N48,000. And I am leaving this warning, if you dare devalue again, be sure that labour will also have to hike its own price in the market.” Forex restrictions  threaten 80,000 jobs Meanwhile the Lagos Chamber of Commerce and Industry, LCCI, yesterday, warned that the current foreign exchange restrictions especially the exclusion of 41 items from the foreign exchange market might lead to loss of 80,000 jobs in the manufacturing sector. This he said was due to inability of manufacturers to access foreign exchange even for items not excluded.

Speaking on behalf of the Chamber at
TheCable Colloquium, Dr Vincent Nwanem, said: [color=#007700]“Is the high rate an issue for manufacturers? No, the major issue now is access. Even the goods that are not listed in the 41 items, our members cannot even fund dollars to fund them.”[/color] CBN, banks lament forex demand for invisibles The Central Bank of Nigeria, CBN, and Deposit Money Banks, DMBs, have cried out over what they considered as abnormal demand for foreign exchange, forex for “invisibles,” especially for school fees and health tourism.

CBN’s Director of Banking Supervision, Mrs. Tokunbo Martins, who briefed journalists on the outcome of yesterday’s Bankers’ Committee meeting, in Abuja, said that the monetary authorities would not allow that category of demand to crowd out the real sector of the economy in the forex market.

Read more at: http://www.vanguardngr.com/2016/02/how-to-save-the-naira-exclude-more-items-from-forex-market-oshiomhole/


Cc: Lalasticlala, Mynd44

kaima1984:
oga adiri anyi na mma ooo,iseeeh

Adanne oga adiri gi mma iseeeeh!!!

Fayose the boil on APC's scrotum..

What is Dayo Amusa

Just negodu! We are for fighters to fight BH & dis 1 is showing his talent where his father is..




Somebody should explain what watery beans means to Him

But I thought ghosts are dead people, how can they be working

Just negodu their new method of looking for who to ritualise, e no work for them..

Don't be surprised that 1 baboon will bring IPOB into dis matter..

SurefireAsoOke:
Maybe that's the sister.

What's the girl holding?

padi mi, I no fit tell oh. But poster below said it's a XL stone

Just saw dis pix on friend's whatsapp Dp, can't just stop laughing..

dhtml18:
I completely agree. She is completely useless to us and should be replaced with immediate effect.

I dey teeyuuuuu, #bringbackourwoman

I bet you that this gofnor is teasing PMD..

Timileyin008:
Hf

Hf means "His First..

I could remember those days when if you impregnate a woman people will be looking at you as if you committed murder, but this days people celebrate "Bastards..

TheFreeOne:
Ben Bruce tweeted #biscuit illiterates and the possibility of such biscuits ending up in the belly of teachers

So it's already happening in kaduna Those teachers should be prosecuted asap for such criminal acts and robbing children.

but when Sen. Ben Bruce Murray #CommonSense said it Zombies never believed him. Oya Negodu

madgoat:
chia... I for just dey enjoy my vaseline voyage now

padi mi just negodu how dis pepul just deprive us our enjoyment...

jarule75:
LOL....... in Reminisce Voice #Aunty Olobo Town Council#

Egbon Jarule dis is corruption, we will not take dis...

EteEdoho:
And buhari want to share NASCO Biscuit in schools?. This kind news go worst for Osun where teachers are being feed by churches. LOL.

that question is left for our beloved & amiable Zombies to answer..




APC is a scam

Nawa oh! Dis is chopping of lips

The Kaduna State Government has sacked two senior education officials and suspended two others for diverting food meant for the feeding of primary school pupils. 

The Commissioner for Education, Science and Technology, Dr Shehu Adamu, said at a news briefing in Kaduna on Thursday, that the officials had circumvented laid down procedures of the government’s Schools Feeding Programme, which commenced in January.

“A School Support Officer in Birnin Gwari Local Government Area (LGA), Ibrahim Abdullahi has been sacked for supplying oranges and biscuits meant for school pupils to a fruits vendor in Birning Gwari to sell for him. “Also, the Headmaster of L.E.A Labi, in Karji, Kubau LGA was also sacked for collecting bribe from a vendor who received government money but did not cook. “Instead of returning the money she shared it with the headmaster. “We have also received a report that the Headmaster of Nuhu Bamali Primary School in Kaduna South LGA loaded his car with pupils’ oranges and drove out. “The headmaster has been suspended until investigation is concluded and if found guilty, he will also be sacked. “The police is also investigating the Headmaster of Nomadic Fulani School in Ricifa, Soba LGA for inflating the number of pupils in the school. “He is also suspended and would be sacked if found guilty,” Adamu said. 

The commissioner disclosed that a query had been issued to the Education Secretary of Igabi LGA, for allegedly contracting men as food vendors for the schools feeding programme instead of women. “According to the report, the men would cook the food and hire women to serve the pupils in the schools. We are investigating the matter and he would be sacked if found wanting.” The commissioner also said that the ministry was investigating allegations that some vendors were supplying soya bean sauce in place of egg sauce to pupils. 

He warned that any food vendor found engaged in the practice would be prosecuted. Adamu said the government would undertake the biometric data capture of all the food vendors contracted for the programme, to stop the replacement of the vendors from the original list by some mischievous officials.

He appealed to Parent Teachers Association and School-Based Management Boards to strictly monitor the programme and report anyone found undermining the process. Over 1.5 million pupils in over 4,000 primary schools are benefiting from the free feeding programme

: http://www.vanguardngr.com/2016/02/free-feeding-kaduna-govt-sacks-headmaster-suspends-2-others-for-diverting-pupils-biscuits-oranges/

Ayaf sinnit

Hoekay! Adonhiya..

Anambra Obodo Oma. Omambala mulu m Ekene m unu

That 1 dey kwa..

Who is the person that censored this pix In Orubebe's voice, "We(Vaseline crew) will not take this






I repeat, WE WILL NOT TAKE THIS

Swimming pool of fertility u mean