₦airaland Forum

Storeyedbuildin:
Its a common name used for beggers in the northern parts

Oh, tnx...lol

Storeyedbuildin:
Dats wat u see wen pple ruling u are retired bambiala.....

And someone wud tell me not to drop my acc number for giveaway.......

Lol...

Even Nigeria aka giant of Africa is dropping dere acc number on Twitter for ventilators giveaway....

I've heard the word "bambiala" used quite often recently. Mind curing my ignorance by telling me what it means?...lol.

A full-option ventilator cost around $20,000. 100 units will cost around $2m. Using an exchange rate of N400/$, that's around N800m.

From the figures of donations by corporate bodies and private individuals, the FG should've received in excess of N20b. Please note that the NNPC together with its JV partners donated $30m (N12b).

Such a joke of a country!

MrBrownJay1:
before you jump on your horse.... there is a French book named THE NEW CIA REPORT by some dude called Alexandre Adler. thats a 10yr old book, and on page 240, it tells exactly what is happening today.

THE POSSIBLE LAUNCH OF A WORLD PANDEMIC

Hey pal. You got the soft copy? Can't find the English version online.

nedekid:
See, they tell us no money, but they live large, no money but their kids fly private Jets, both presidential. They attend schools abroad, yet no money. Cost of oil reduces by 70% but we get less than 10% reduction in fuel price and we accept that, Infact we should be grateful to bbqmans "darling" daddy for being generous to us undeserving Nigerians.
Yet they keep buying lambos, Ferrari, rolls, Jets, yet we should understand that there is no money.

The reality is that "there's no money". Yes, there are huge potentials for the country to make a lot of money, but the country has been do badly governed for far too long that it is on life support.

Now let's have a bit of perspective. Our 2019 budget was slightly above $20b (for a population of 200m). South Africa, on the other hand, had a budget of over $100b (for a population of less than 50m). Obviously, you can see how abysmal the budget per capita for Nigeria is. I have deliberately refused to make any comparisons with other advanced western countries...lol.

The reason why it looks like Nigeria has money is the fact that a very miniscule population of the society (public officials) arrogate most of the already little national revenue to themselves...thereby leaving the rest of the society to live in inhuman conditions. So, when we see their opulence, we erroneously think that the country is rich.

My point is that, even without corruption, our current revenue is too small to make any meaningful development. Trust me, the country has been so underdeveloped over the years that $500b will only scratch the surface of trying to make us look like a sane society. Education, health care, power, transport, everything is in comatose state.

anonimi:
How can a confused person understand any message.
No wonder you are defending an incompetent dullard of a lifeless president who has failed to keep even the easiest of his campaign promises.



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lol... You had to resort to insults to drive your message across. If you think I was trying to defend this government, then you are dead wrong. As someone with finance & economics background, I prefer to look at some issues dispassionately, rather than sentimentally or politically.

Dewze:
One derica of what so ever is in that bag and just a piece of bread.

Some defeated and slavish minds will come here and say things like "at least it is better than nothing". Pathetic.

Dreadful, to say the least. Come to think of it, how many residents will even get to receive that pathetic package?

anonimi:
Are you smarter than a whole SAN lawyer, two-term governor, super minister of over four years?
Do you know what you are saying


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I'm not sure the message you're trying to communicate. The article you posted was from 2014, though still applicable in the current circumstances. The govt has reduced the pump price. That's not the issue. It is how far they should've gone with the reduction.

nedekid:
Keep finding excuses for gov.

I'm a realist. I try to look at what is practicably possible before criticizing the government. I have zero interest or benefit in defending any government...most especially this one.

blank:
That's agreed but crude has gone from a high of $70 to $22 which is almost a 70% decrease. Right now, everyone is cutting costs and the refineries should not be different whether imported or not.

Fair point. It's always been my candid view, though, that govt should completely hands off trying to determine prices of petroleum products (and power as well). Prices should be driven by competitive market forces.

The current model of price fixing and subsidies is not sustainable. Apart from the fact that it encourages corruption, the major drawback is that it discourages private sector investments. We should just adopt the telecoms model for POWER and PETROLEUM PRODUCTS.

Govt officials suddenly demanding private companies to provide "palliatives" for their customers. But the govt themselves who control the vast majority of our resources have provided zero palliatives in this period.

A lot of folks saying price should be much lower due to the dramatic crash in crude oil prices.

Unfortunately, crude oil accounts for only around 50% of refining cost. Other costs such as personnel, administrative, shipping, insurance, taxes, etc are still either constant or gone higher.

It's important to keep that in mind when forming our expectations on what the ideal fuel pump price should be.

AroleOduduwa2:
The economy effect will be devastating, the world will never be the same, my mentality and approach toward life has changed in the last few days.

https://www.youtube.com/watch?v=gMTZu6_TjU8

Garrieveryday:
Lockdown no be the issue. The issue is, wetin we go chop staying at home. God knows I may not survive this season except there's an intervention. If una stop to dey see my comments, know say I couldn't make it.

The system is trying to protect you from "dying" by enforcing a lock down. It will be unfortunate if you still end up dying as a result of unintended consequences (hunger)...lol.

BigIyanga:
You can vaccinate yourself against flu... but there is no vaccine for COVID-19.. Time to quarantine your sophisticated idiocy

Surely, I don't have an issue if you hold a different view to my opinion, but you can be more polite in your comments.

During the 2017/2018 Flu season, over 400 Americans contacted the flu. The CDC website reports that there was over 56,000 deaths in US alone resulting from the flu.

According to the WHO website, over 508,000 people died from malaria in 2018 globally.

Also according to the WHO website, over 35,000 people died from accidents in Nigeria alone in 2018. Also, the official WHO website reports that there was an estimated 56,000 maternal mortality in Nigeria alone in 2015.

Fast forward to 2020, there are only 2 deaths resulting from Corona Virus in Nigeria and less than 10,000 deaths globally.

---
There's something queer about the media hysteria concerning the Corona Virus. There are far more deaths from other causes (even hunger) that does not attract anywhere near the same kind of media coverage.

If you have a thing for conspiracy theories, you might want to watch the video below. Note that the video is about 45mins long and over 130mb.


https://www.youtube.com/watch?v=gMTZu6_TjU8

Very "clever" just to score cheap political points. What is the aggregate amount of his so called 10 months salaries? He should focus on building quality hospitals and providing adequate welfare for his citizens and stop this nonsense.

143WaZoBia:
Listen guys instead of ranting let’s slowly build a group that will eventually turn into something bigger over time. The elites are comfortable because we are not fighting back but they can’t shut us all up if we have the numbers. Let’s come together and fight for ourselves, not for Nigeria but ourselves. It doesn’t matter if you love Nigeria or not, it doesn’t matter if you want to associate with Nigeria or not. All that matters is fighting for your lives now, protect your future and that of your loved ones.

Look around you this people don’t care and things will get worse overtime. All our elites are useless, regardless of their region. They are just all one stupid occultist groups that really listen to one another, they fight in public but protect each other’s interest, the only time they fight against each other is when it’s personal and never for you people. Nairaland is for Nigerians and right here is where we can start a revolution. We must stand against our oppressors except of course we love being oppressed.

You grossly underestimate the gullibility, docility & stupidity of your oppressed countrymen.

Yeah, because Corona Virus is a risk to the rich. Poor peasant soldiers dying don't mean anything to the government.

US always acting like the moral authority of the world. They complain about China interfering in Hong Kong but they are free to interfere in any country they chose to.

How can a sitting President of a country be charged in another country. Where is his diplomatic immunity? Can another country charge a sitting US president in their country?

The 3 major sources of govt revenue are Oil, FIRS, Customs (ports). The Corona Virus pandemic has since caused a significant drop in oil prices. Most factories around the world have closed down, so we will not be getting as much imports as we usually do. If a total lock down is implemented, businesses will suffer resulting in less taxes paid. In all, we're in for difficult times, as govt revenue is expected to take a big hit.

Regardless of the above, govt can make sacrifices in other areas to free up funds to provide cash relief for Nigerians (as suggested by the Senate president). But unfortunately, this is Nigeria where govts are never known to place a high premium on citizens' welfare. Do not be surprised to hear some state govts either delay or reduce salaries on the grounds of revenue shortfall.

Patosky4U:
Pray for your leaders don't wish them death.. Tomorrow it meant be you.


May the Lord heal our land

Prayers for leaders! What nonsense?! They were voted into office to work. They have access to the best comfort ordinary can only dream of. They don't need our prayers, they need to be held accountable for their stewardship.

I'll reserve my comment on your last statement.

BanevsJoker:
Credit BVN-linked accounts. You can't have more than one BVN. Use the Abacha loot or the Ikoyi Mansion money. Those are not in any bugdet.

How many folks in the village have BVN-linked accounts? We still have approximately 30% unbanked population according to CBN figures. Also, Atiku was referring to households, not every citizen. Do we have data on the number of households?

Lostz:
commendable if true!

times like this bring out the difference between a herdsman and a leader

Sounds commendable on face value but not sure it's realistic to implement.

First, do we have proper data of Nigerians for the sharing of the funds? Secondly, the sharing process will be riddle with corruption as more than 50% of the beneficiaries may not receive the funds. Another issue is that 30m households x #10k = #300b. With the dwindling revenue resulting from the crash in oil prices (plus expected crash in customs and FIRS revenue), it will be hard to see the government cough out #300b for such project.

Please note that I'm completely in support of it if it was implemented. I'm just saying it may not be realistic. Of course, the govt could decide to prioritize this and sacrifice other expenses, but our govts are never known to place such high premium on the welfare of citizens.

Blackeurop:
Buying Gold from any deep when the market opens.

Why?

voraz:
GJ..... Will you break?

My view. Also expecting Risk-Off sentiments to drive safe haven play (CHF, JPY, Gold).

TheYoda:






Abi no be your fake mentor wey call sell and GU dey fly up.. You mufu no be person wey u dey learn from be this. signalsmedia say rubbish again, make i give you back hand for face, silly boy.

I have no idea why you quoted me and the relevance of your comment.

Blackeuropean:
You e-mailed me?

Yup

Blackeuropean:
Check your weekly chart.

lol

Blackeuropean:
GU selling tomorrow, choose your entries wisely

When you have the time, could you explain the rationale for your directional bias?

Blackeuropean:
0.5 divided by 10, and the entries are not once, also in a low volatile pairs, but i activate accumulation once profits keep coming

I suppose you add more positions upside down or you add only after first position is in profit?

Blackeuropean:
I'm sharing this to encourage you guys, as I started very low but high now, if you know what you are doing, there are clients willing to work with you, myfxbook have contacted me several times becausevi hace up to 298 clients waiting to copy my system and pay monthly for it, but i don't like sharing and I have to stop updating accounts on myfxbook becausevi get overwhelming PMs and e-mail. For you guys, don't be greedy and try to double account overnight with terrific risks, trade with plan, and like i say if you build a track records, investors are very easy,
I'm currently trading just for 3 members here, its not that I need the account or what, but I'm helping to build it, only one is actual investor and the two others are traders, I will build the two traders accounts to certain point as agreed and I stop, as I'm trying to encourage them how to be patient and watch time I open and cross trades with ease.

Very encouraging words. Would you mind sharing with others your trading methodology?