₦airaland Forum

Hahaha 🤣🤣🤣🤣🤣 even Dangote knows he's in a bigger mess!

If Nigeria no supply am crude...and America supply am, and he sell to you in naira, where he wan get USD to pay them? Abi you think say them no know the truth?

HugeElephant:
Which point?
I hope you people know Dangote is also on nairaland? All these rubbish wey una dey type, Oga Aliko dey read am o

Hahaha 🤣🤣🤣 bruh......you too Wike, sorry wicked!

What Asiwaju needs now is raw show of strength, and damn the consequences. For instance, force Nigerian creditors to renegotiate!!!! Otherwise Nigeria will go after their interest in Africa....

Bruh the street is tough! So leaders must be tough too or get the fvck out!

Seunpapa65:
E dey pain you cause you no vote APC u no hear the update that APC supporters were given ID card so that they can buy fuel more cheaper

The refinery Dangote built is not feasible.... Within three years, G-d sparing us, you will quickly find out it will be like Ajaokuta steel

Two questions well answer will make you seem like a prophet when it happens like that?

1. Within three years, can Nigeria be free off it's oil 4 debts palaver with it's lender's so that Dangote can get Nigerian crude without legal, logistical and other palavers to keep the refinery working?

2. Within three years can Nigeria provide Dangote with the necessary USD to continue to pay it's suppliers of crude oil?

Tankio!

BigBlackPreek:
No be him fault nau, the past and present government helped him that height but God will help the masses

Asiwaju is tired. He knows with Dangote buying crude oil, it's game over restoring the Naira to even Buhari era rates!

He has two options.... which he actually started the first and best option. Go after Dangote. But can he risk it? Without repercussions? Won't "they" take him out? Don't ask me who is "they"

BigBlackPreek:
No be him fault nau, the past and present government helped him that height but God will help the masses

My dear even G-d fit don tire for Nigeria matter..... Leaders and economic laws working at cross purpose!

Good2go1:
May God help,

No....this is beyond APC LP Igbo Yoruba Fulani.
I'm not a fan of Asiwaju. Asiwaju didn't have all the details when he made that decision.... He now has all the details! Hahaha 🤣🤣🤣🤣 I think it was an innocent mistake.

We must not allow our difference make us punish our opponent more than enough or in ways that would affect us too!

Nigeria has only two options:

Frustrate Dangote so that the Naira can breath or break it loans commitment and give Dangote crude!
Because refined products importation is the biggest export of our USD!

mrvitalis:
Bros this Rubbish you wrote up there is for APC WhatsApp group not someone who is grounded in economics like me

Was it dangote to ask Tinubu to remove subsidy like a kid? Then reverse and started paying far more subsidy through nnpc taking massive loss?


Was it dangote to that told Tinubu to float the naira and not even guard it till it stabilize before allowing market forces to take over?

Tinubu is a failure u can't spin it

The 20% is what is keeping Nigeria afloat....this is the lifeline that Asiwaju has ordered NNPC to stop collecting, that instead should be paid directly to CBN.

All the refineries at all outdated, obsolete. The best that can be done is scrapping it and selling the irons. Most manufacturers no longer manufacture the parts. So how do you expect the refineries to work?

Nigeria do not have sufficient power, politically , diplomatically, socially, religiously and economically to dare the US.

Next you will see is iPob or Boko Haram acquiring SAMs, or Niger Deltan avengers blowing up pipelines. Even the small 20% Nigeria no go see.

The first principle of staying cool is never make a mistake. Next is remember first principle!

Dicado:
If 80% of our oil was tied to loan, what about the 20%?

Secondly, why isn't PH refinery and others working as promised?

Thirdly, if Nigeria stubbornly refines its own crude without buying from the US or anywhere else, what will happen?

Forget anything political jobbers will tell you... This is the fact. Even Asiwaju knows this too! And he's frustrated and helpless to really do shit because he will disrupt a very powerful clinch of people!

Splashme:
You have a point

My dear, in my travels I found out that three things runs an economy; Demand, Supply & Numbers!

That's why even in the best countries and economy, you still find people peddling drugs.... because there's demand. So people will perfect a supply route.

Once the numbers do not add up.... Even the best and finest economy will collapse!

Make a mistake in any of these..... hahahahaha na your name!

junketer:
Kikikiki, when they were celebrating dangote refinery i began to laugh. Ask yourself, is dangote cement the cheapest? No. Infact it's the costliest. How do you expect his fuel to be cheaper than what we currently have?
Now there is no crude to even sell to him. . They will still increase the price of petrol just for dangote. Una never see something

Efcc raided Dangote office. Then Asiwaju got a call, our busy body, too much grammar Efcc boss backed off. You see I like Asiwaju for one thing, he could be stubborn at times..... that's if there's nothing to lose, but he has something to loose: 2027. So I don't expect him to apply more pressure. Dangote is bigger than Asiwaju. Truth be told, Asiwaju really wants to help but the people behind all these are big and have something to make him carve.

Back to oga Dangote.
Few years ago, Dangote was broke and cash strapped. Western lenders won't talk to him. Buhari was not too ok because rescuing a big rich man comes with unintended consequences... your local currency will go! Dangote handlers sold Emefiele and Buhari a dummy; a Nigerian -Dangote JV. All hogwash. That's for another day though!

Dangote is not off himself, he's tied, like most people who make their money through Deals with Bretton Woods institutions, to agreements he has no option but to follow through.

One of such agreements is ditching the Nigerian crude, with less logistic palaver for American crude with lots of logistics nightmare for a subsaharan country.

But one thing most people, especially the badly educated ones, the political jobbers and those with corn in their back pocket, refused to see is that Dangote is the most dangerous Nigerian alive, not politically or sectarianly but economically. These are my reasons.

1. CBN gov Emefiele & Buhari funded a broke Dangote with our FX reserves when western lenders won't cut him a slack. They even tried to destroyed him with a flimsy bitch in a hotel. Buhari & Emefiele sallied to the rescue. Wrong move. With more than $2 billion dollars cash, they rescued him. $2B for a project that would not impact sufficiently? Common...our leaders are dumb! $2B spread to 5000 smes would make Nigeria give India a hot Chase! Let's assume 50% of the $2B were stolen as usual, $1B in the right hands of local businesses will do a healthy economic revamp!
What should be preferred? $2b for one project that would employ less than 1,000 persons, most of them sourced from India or $2b for 5000 smes with capacity to employ at least 5 directly. Numbers is everything! Well, they foolishly gave him access to our reserves, and Naira took a dip.

2. Dangote, Emefiele and Buhari knew all along that there's no crude oil to give Dangote....80% of crude production is tied to loans already collected, stolen or misapplied... They knew Dangote will have to source from abroad.... this is where it gets really dangerous for the local economy and people. Dangote will buy crude from the US in dollars, and Dangote will refine the crude in Nigeria and sell in Naira. After selling in Naira where will Dangote get USD to buy next batch of crude oil? Sorry bruh.... Dollar is going to 2500ngn Hahaha 🤣🤣🤣🤣 Sense no go kill Bigkoko hahaha 🤣🤣🤣🤣. Asiwaju knows this, that's why he initially authorized a raid on his Lagos office. But Dangote handler's get mouth pass Asiwaju!

Govt & black market people will have to keep at least $5b monthly for Dangote to meet up on his payment in exchange to the naira you guys would bring to buy PMs. sometimes you will be forced to save a useless entity because of how big it is and who has mouth in it! That's Dangote issue!

By his decision to buy crude from US, perish any hope of the naira recovering. Even dumb Buhari know that if you float your currency, you are toast!

mrvitalis:
Reno made no point.. He lacks basic understanding of economics

Nigerians import has never been our problem

Lack of export is

Baba wetin you want make i talk na?

Seunpapa65:
You made me laugh real hard ahh my belle ooo
Chai what type of minister should Reno be given the guy deserves better

Efcc raided Dangote office. Then Asiwaju got a call, our busy body, too much grammar Efcc boss backed off. You see I like Asiwaju for one thing, he could be stubborn at times..... that's if there's nothing to lose, but he has something to loose: 2027. So I don't expect him to apply more pressure. Dangote is bigger than Asiwaju. Truth be told, Asiwaju really wants to help but the people behind all these are big and have something to make him carve.

Back to oga Dangote.
Few years ago, Dangote was broke and cash strapped. Western lenders won't talk to him. Buhari was not too ok because rescuing a big rich man comes with unintended consequences... your local currency will go! Dangote handlers sold Emefiele and Buhari a dummy; a Nigerian -Dangote JV. All hogwash. That's for another day though!

Dangote is not off himself, he's tied, like most people who make their money through Deals with Bretton Woods institutions, to agreements he has no option but to follow through.

One of such agreements is ditching the Nigerian crude, with less logistic palaver for American crude with lots of logistics nightmare for a subsaharan country.

But one thing most people, especially the badly educated ones, the political jobbers and those with corn in their back pocket, refused to see is that Dangote is the most dangerous Nigerian alive, not politically or sectarianly but economically. These are my reasons.

1. CBN gov Emefiele & Buhari funded a broke Dangote with our FX reserves when western lenders won't cut him a slack. They even tried to destroyed him with a flimsy bitch in a hotel. Buhari & Emefiele sallied to the rescue. Wrong move. With more than $2 billion dollars cash, they rescued him. $2B for a project that would not impact sufficiently? Common...our leaders are dumb! $2B spread to 5000 smes would make Nigeria give India a hot Chase! Let's assume 50% of the $2B were stolen as usual, $1B in the right hands of local businesses will do a healthy economic revamp!
What should be preferred? $2b for one project that would employ less than 1,000 persons, most of them sourced from India or $2b for 5000 smes with capacity to employ at least 5 directly. Numbers is everything! Well, they foolishly gave him access to our reserves, and Naira took a dip.

2. Dangote, Emefiele and Buhari knew all along that there's no crude oil to give Dangote....80% of crude production is tied to loans already collected, stolen or misapplied... They knew Dangote will have to source from abroad.... this is where it gets really dangerous for the local economy and people. Dangote will buy crude from the US in dollars, and Dangote will refine the crude in Nigeria and sell in Naira. After selling in Naira where will Dangote get USD to buy next batch of crude oil? Sorry bruh.... Dollar is going to 2500ngn Hahaha 🤣🤣🤣🤣 Sense no go kill Bigkoko hahaha 🤣🤣🤣🤣. Asiwaju knows this, that's why he initially authorized a raid on his Lagos office. But Dangote handler's get mouth pass Asiwaju!

Govt & black market people will have to keep at least $5b monthly for Dangote to meet up on his payment in exchange to the naira you guys would bring to buy PMs. sometimes you will be forced to save a useless entity because of how big it is and who has mouth in it! That's Dangote issue!

By his decision to buy crude from US, perish any hope of the naira recovering. Even dumb Buhari know that if you float your currency, you are toast!

Anything the Igbos kick against, my dear, don't attempt it. Sense no go kell Igbo people.

No....you didn't get the facts. GEJ already paid up to 60% for second Niger bridge, with better designs and allowance to accommodate bigger ships passing through it, but Buhari stripped off some of the additions of the contract and did a top up for it completion. Same with the rail line linking Abuja to Kaduna.....

All these children of yesterday sef!

Goodvibes007:
You forgot about the below


https://www.youtube.com/watch?v=Ej0ApKYhXq4?si=gXhln0ND_LZH7yHt

And


https://www.youtube.com/watch?v=JFyU9VPste8?si=EHKs1oCKDmYpzj10

Dangote is the sole reason the Naira plummeted, but somehow Emefiele resisted pressure to float it ....

Dangote will be the sole reason why Naira will clock 2500 against the dollar because.......

He buys crude oil in dollars, from abroad.
He sells refined products in Naira.
When next he buys, how will he access USD?

Once you have a corn in your back pocket.....say goodbye to critical reasoning!

In their foolishness, they forget what they also use!

Asiwaju uses foreign hospitals, leaving the world class ones he built in Lagos and Iragbiji!

Wike fires on 40 year old whiskey.... while we have lots of the ones we make...monkey tail, Agbo, push me I push you, dogo yaro, etc

One advise I will always give anyone, in all you do, make sure you have a job, handwork and life......

Among all the political jobbers in Nigeria space, it's clear this werey is the only one with out a life or job!

Na to stop drinking 40 years old wine and concentrate on shepe... hahahaha 🤣🤣🤣🤣 I don't think Wike will agree....

What about forcing the drug dealer from his current treatment in France, and made to use an Alfa or babalawo concoction...

It's not possible for someone with corn in his back pocket to think correctly..... never you underestimate the consequences of being jobless, lazy and envious at the same time!

The dumbo has no shame in his foolishness, likewise most of the foolish 6000!

SeeWahala:
Oh, so we should stop driving Toyota and drinking Heineken? proforce and ogogoro is better for the economy and naira, right? that's the point your o'mockery made that you're clapping to?

No wonder your name is ajagaba

You underestimated the power of corn in his back pocket! Nigeria has no crude oil to sell, because Buhari already used it as loan well into the future to access loan for his Niger Daura railway!

And off course those with corn in their back pocket cheered then!

Dangote, alone will make sure Naira never recovers! As me why?

To buy crude, he needs dollars. When he sell the refined crude, he gets Naira!

So, Nigeria should be prepared to give him at least a monthly exchange of more than $4 billion dollars!

Naira is going to 2500ngn to a dollar......

jmoore:
Reno Omonkey, speaking from both sides of the mouth.

The clown said we should stop patronizing mtn. But he wants Dangote to use dollars to import crude oil.

The olodo wants everyone to use globacom but he doesn't want Dangote to use only Nigeria crude oil.

You lied..... some still have few corn left in their back pocket

Lordkratus:
unfortunately those heroic people that protested back then are now online beggers. Useless set of people

This one you are behaving like fowl they throw corn to....so like real you prefer an Asiwaju to an Obi...

Ok. Bye!

JagabanB:
Whoever doesn't align with ur deIusions dón't Iearn and when Obi is expósèd, the discussion is bàd.

Four Billion dollars? Are you for real?

Zulus and Xhosas sometimes behave like hot head Igbos.... their tolerance limit is really low!

It it was Nigeria, apartheid was organized and entrenched, you will will see lots of people with corn in their back pocket telling you apartheid is cool!

DivinegiftofGod:
Our youths are cowards. Only to fight online war they know. If it were in south Africa all this nonsense is happening, the youth for don revolt impeach the impeachables.

Oya make we fold our hands dey look now.

inubu Has Exposed Nigeria To Ridicule By Visiting Foreign Country - Falana by Omooba77: 9:57am
Tinubu Has Exposed Nigeria To Ridicule By Visiting Foreign Country Where His Presence Is Not Recognised – Femi Falana

Popular Nigerian lawyer and human rights activist Femi Falana (SAN) has lambasted President Bola Ahmed Tinubu for exposing Nigeria to ridicule by traveling to France, where his presence is not officially recognized, on a purported private visit.

During an exclusive interview with Rudolf Okonkwo on 90MinutesAfrica on Sunday, the human rights advocate made the charge.

“I hope this will be the last time that a president of Nigeria will expose the country to embarrassment and ridicule by going to a country where his presence is not recognized,”

Mr. Falana said about the Nigerian president’s recent two weeks private visit to France. He explained that as the country with the largest concentration of black people in the world, Nigeria ought to carry herself with some dignity.

Last Wednesday, the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, revealed that President Tinubu will travel to France on a private visit and “he will return to the country in the first week of February 2024.”

However, while commenting on the statement, the Senior Advocate of Nigeria said that the Nigerian constitution does not make provision for a private visit by the president.

“There is no provision in the constitution for a private visit by the Nigerian president. Therefore, he cannot go on a private visit and still be running the country,” the lawyer insisted. “So to the extent that the activities of the state are still being conducted by him, the question of a private visit does not arise.”

Tracing the trajectory of the decline in the diplomatic status of Nigeria, the learned silk narrated how the late Afrobeat musical legend, Fela Anikulakpo Kuti, used to be invited to the Presidential Palace in France by President Francois Mitterand for recognition during the musician’s private visits to the country and wondered how years later a Nigerian president would travel to the same country on a “private visit” and get no official recognition.

The foremost lawyer further berated the Lagos State governor’s trip to Grenada to attend a birthday party. Falana said that Mr. Babajide Sanwo-Olu’s visit to the prime minister of the nation of 130,000 people was just an afterthought designed to cover the embarrassing implications of the trip.

“The governor of a state in a federation does not conduct foreign affairs,” Falana said. He knows he cannot tell Lagosians that he went on a private visit to attend a birthday party. That is why he had to quickly call on the PM to make it look official.”

During the interview, Barrister Falana also spoke on the state of Nigeria’s judiciary. He said that despite the mess in the judicial system, some judges still have chosen to “remain loyal to their oath of office.” However, he pointed out that the percentage of those judges is a tiny minority.

“It is almost an infinitesimal minority of judges. The system itself attracts corruption in all facets of our lives. If you pay poor wages, if you deliberately starve the judiciary of funds, if you deliberately refuse to allow judicial autonomy, then you are encouraging judicial corruption.”

https://saharareporters.com/2024/01/30/tinubu-has-exposed-nigeria-ridicule-visiting-foreign-country-where-his-presence-not

I see you can not learn, I won't reply you henceforth!

JagabanB:
Take a good look at the constitution and u will realize over 60% of development in any state rests with SG and LG.
It's the duty of LG to build parks, cemeteries, name streets, build and maintain them, they are to provide street lighting, they are to provide portable water to the people within their jurisdiction, I can go on and on.
What did Obi do as governor?
ObIitrated LG, didn't do any of the above, yet the comfortable means is to bIame FG.
I keep telling Nigerians, we can continue with the politics or we can face reality and build our society.
Which ever one we choose, I am very very comfortable in both.
Has SE ever brought up any development plan to FG and they refused?
Who's the FG?
Is the FG the president only?
Are there no lgb0s in FG?
The SE don't have senators and HOR members?
Has SE ever brought up any project that was turned down?
The presidents the SE appreciates the most like OBJ, Yar'adua and GEJ are the ones who brought the Ieast development to that region and it's sister region SS.
Buhari refurbished airports, paid 13% derivation these same folks didn't pay, built second Niger bridge, putting the sea ports those same foIks crashed, same ALSCON they kiIIed he was trying to revamp it, rail lines like Warri-Itakpe rail that they abandoned, tell me again, have SE as a region ever submitted a development plan that FG turned down?
U know the answer but Nigeriàñs prefer poIitics over growth.
Since the president is not our choice, we wiII say every negative thing.
We can continue playing the politics or grow the society, this particular choice rests with the masses not the politicians, the masses are more political than the politicians thereby making politics easy for politicians.

Wetin obidients do you now? Wanting good representation isn't something you should oppose, don't you think?

HE Peter Obi is not a messiah, he has never claimed to be one. He's pledged to making the country work again for everyone including you!

Anyway, enjoy the corn in your back pocket!

JagabanB:
Everyone are not obidents who are jobIess waiting for an audio messiah to come save them u know.

Really? You now work? Wow... Asiwaju is really favoring you. Show other agbado people road naaa..lol
This Ebi pa won shouts coming from that end isn't nice to the ears....

JagabanB:
I only come online when I am free, I don work on Nairaland, I reply mentions, I dón't care if u are passed that line or not.

Baba you come later. We don pass that line

JagabanB:
He Ied miIIions to thèîr gràvès and ran away.

Jagaban Where have you been? NGN is gone! Slowly climbing to 2500 to a dollar.

Well, if you understand the Powers allocated to the president, you will understand why Development actually lies on his hand and not on any state governor... which HE Peter Obi once held... When HE Peter Obi gets in, and uses the instrumentality of power, his aka gum policy and Igbo coconut head to force out Development, then you will understand.

Take Lagos for instance, she is overstressed, overstretched and rapidly deteriorating because leaders feel if you concentrate there that's when they're working...no, they're suffering Lagos, suffering the people, suffering themselves too!

Take for instance, Lagos trying to build a metro that connects five other SW states....due to complications with the constitution, they can't. Get what I'm saying?

Assuming the SE decided to come up with a Regional blueprint of Development that will see certain infrastructures that Foster region, such as developing all inland river to connect with riverine states, the feds won't have this!

Anyway, I hope the corn in your back pocket never finish?

JagabanB:
Why didn't u build it under a proper fit like Obi?
When u they cañ't prove what they are saying, they teII u to browse.

hahaha 🤣🤣🤣🤣..... Nigerians I really like y'all! Some of you are really oye ara pro Max.

That few corn still in your pocket go soon finish. No need to even vex for you.

blacknp:
Sharap Big kokonut. aka The Kigali Wailer.

Ntoorrrr....

When those few 🌽 corn remaining in your pocket finishes you will understand what it means to have a cobweb in one's brain.... enjoy your corn in peace!

It's going to level out at 2500ngn to a dollar, nothing is going to stop it

So better go find a job that would pay you in USD before that corn in your back pocket finishes

Slytiger:
Perhaps. Umahi and Kalu are from that region too.
You people can't just see beyond tribalism and bigotry. It's like a cobweb entangled all over your brain.

It's gonna level out at 2500ngn to $1......... The mess y'all from that region shouting Ebi pa won, cheered for 8 solid years is coming back to haunt y'all! Too bad, y'all also created the mess for every other person!

Those with few corns in their back pocket will soon realize how foolish they're!