₦airaland Forum

Aufbauh:
4trillion naira at $165 = $24billion; crude oil sales averaged $110/barrel
6trillion naira at $385 = $15billion; crude oil sales peaked at $42/barrel.

This is our purchasing power in the world market which is popularly referred to as FX under the said comparative administration of GEJ & PMB.
It is instructive to note that this FX largely contribute to our GDP and consequently our standard of living as a consumer dependent economy whose major source of income is crude oil sales.

Sometimes you guys chunk out information without depth to defend your sentiment.

oga were u not in this country wen Buhari n his crews members were defending d budget saying larger part of d budget is going to b from non oil sector? why do we always forget so soon? wen dey were making their their unrealising promises didnt dey c it dat oil was already falling? mind u oil started started falling in 2014 n not dis yr

ProudArewa:
Only dos flat headed guys will not be happy wit dis news

AND YOU HAVE FORGOTTEN SO SOON WHEN YOUR IDOL SAID ABACHA NEVER STOLE

If Nigerians want to really buy into this program the first step will b a nation wide revolution

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patriotic9jaboy:
This is to appeal to every southerners that our future is in our hands. A united south is what we need now to stand against northern oppression and divide and rule tactics. We must ensure we work together to restore power to the south by 2019. The north obviously has a grand plan of retaining power for so long and this is obvious in the way Tinubu is been put in check so as to limit his influence in the party decisions and made irrelevant in the scheme of things. We never expected such treatment from the north after all we did to support Buhari in the last election. Oyegun is obviously been used to fight a proxy war with Tinubu by the born to rule caliphate up north who will do anything to render his power bloc handicap so as to ensure their grip on power. We need the support our SS/SE brothers to make this happen. Lets us unite and forget all grievances. A united south can wrestle power away from the north with the support of Christian minorities in the middle belt and the north. GEJ was a bad president contrary to our thoughts in 2011 when we supported him massively with our votes. He failed woefully and corruption thrived to the highest heavens during his tenure. Contrary to the believe of our SS/SE brothers, yoruba's did not vote Jonathan out because of hatred or betrayal. He simply under-performed and did nothing for the SW region and even boasted that Igbo's are the backbone of his presidency forgetting that the SW supported him massively in 2011. Buhari appeared to be the messiah but so far, the hardship in the land is so unbearable and there is no end in sight to the present predicaments facing us as a nation. Buhari has no economic blueprint and his style of governance is archiac and filled with bad policies like banning forex for importation of consumer goods and releasing the same scarce forex for Islamic religious pilgrimage. It's a bad situation we are in and we need to co-operate to undo this mistake in 2019. Every one is facing hardship and bearing the brunt of inflation and recession irrespective of our tribes and regions. This is why we need the support of our SS/SE brothers in 2019 to vote buhari out. Let's form an alliance and forget past mis-deeds. We are better united in the south than been ruled by a primitive caliphate who believed they are born to rule without positive results....



God bless SW /SS and SE

U re an idiot...... We should now United cuz Tinubu has been dumped...... U guys haven't started crying

Proudlyngwa:
Where did you see, I said the king assaulted the woman.
Am only asking for evidence the woman assaulted the king outside hearsay

Am say if u also believe otherwise or ve people wit d oda news n with pix evidence pls share..... But I jux told u wat happened

Proudlyngwa:
You witnessed the woman and her brother nearly beating the king.
Pictures or you know how we rolllllll

Do u also ve d pix of d king assaulting d woman? If not for d king dat day d woman n d brother's house would ve been burnt to ashes n beaten up by angry youths...... Oshiomonle is jux being political cuz dey both not in gud terms n mind u d suspension or dethronement won't start cuz in Benin n Esan tradition kings re born n not made

Left for me protest isn't d solution they should first of all deal with those betrayer so dat it won't repeat itself next tym

Proudlyngwa:
The way you guys lie
Even the devil shivers

Oga if u think d man lied den give us ur own version of the story...... Wat dat man said is d plain truth cuz I witnessed it

Ghost workers ve been automatically been employed

dollyjoy:
If only "marriage" is this lovely!

Ours will b more lovely God willing

Sibrah:
So Ubah is just realizing that we have bad economic manager? When we sold oil for $120pb+ on a budget benchmark of less than $80pb and still borrowed, build no new refinery, fix old refinery or built modular refineries, he didn't realize there was bad management then.
We even exhausted over $120B in forex between 2008 - 2015 and Ubah didn't see bad management.
Suddenly his wisdom and 'love' for One-Nigeria has come alive when oil is going for far less.
He even thinks the idea of a modular refinery is new and is trying to say Nigerians don't know about it.
This man is delusional at best and parading as a grade A clown.

Y do u people keep living in d past? So because tins went dat way means dis administration can't find other means? He jux gave a possible way out instead of commending him u re insulting him cuz he's not from d West or North........ Reason we'll continue to fail as a country

dollyjoy:
You should have simply ask her to swim with you. Taking a girl to the pool is a more tactical way to see her real self.

Baby I sight u

Originalsly:
Bro....was the Naira stable under GEJ's administration? Wasn't it under GEJ that the Naira plunged to N200/USD1?.... during the time when the price of oil was high?...but yet the foreign reserves kept dwindling instead of increasing? Wasn't that because of the policies on ground?
Why are all countries that depend heavily on oil now having economic problems?...countries that were prosperous before the price of oil slumped?...was it because of bad policy on ground? What do you suggest be done?...what do you think GEJ would've done? When you import more than you export... when you spend more from your reserves than you have coming in then the value of your currency would keep decreasing. Saudi Arabia.... been taking measures to slow the rate they are cutting into their huge reserves. Veneauela.... now in crisis mode. .. demonstrations and riots... all because of low oil price...we are no different.

Thanks for ur comment but how long did it take to move up to 200 per dollar? Again wen d campaign was going on didn't apc see dat oil was already dropping to b making baseless promises? Now u re being held to do wat u promised u re busy telling us something else....... Even wen dey were presenting d budget dey said d budget isn't depended on oil dat dey will generate from non oil sector but wat is d news today? We can't fulfil our promises cuz of oil decline........ It's a pity dat alot of Nigerians tho educated but don't act as one.

asuustrike2009:
Who told you we haven't being importing? Don't be deceived by the media house

Read n understand my statement.... We ve been importing and yet d naira was stable cuz of d policies on ground but dis administration lacks policies n dey don't act proactively dats their major problem

asuustrike2009:
As long as we import more than we export, the demand for dollar will continue to increase leading to increase in the exchange rate.

Oga y deceiving ursef? Ve we not been importing y was d naira stable against d dollar for a very long time.... It's simple policies n management dis govt lacks

saintmark88:
Thts were d govt comes in, nd who says we dnt have mechanized mills n Lagos, in kebbi??

We ve so how come all we still ve is dirty stoney rice dat can't compare with d least of India rice not to talk of Taiwan

Emmahunk:
Once upon a time ; There was a Nigeria where people go as far as engaging in human sacrifices and rituals just to get presidential appointments.
Many others resort to bank loans, borrowing and mortgage to finance their lobbying. The residences of known political godfathers turn to pilgrimage Centers and most competitive opponents meet with sudden accidents or sometimes were brazenly assassinated.
Potential nominees were forced to swear oaths of allegiance to the powers that be.
Godfathers paddled the offices of the ones they installed and dictated to them on appointments, award of contracts and disbursements of funds. At a stage in that Nigeria, this act of thuggery became almost a right.

Today, in this same Country, people are not even consulted before nomination. Their records, antecedents and integrity speak for them.
Some just wake up to a call for screening by Dss or NASS or both. It's nothing but a miracle and answer to our prayers ( both Christians and Moslems) that God should give us a leader that will redirect the dangerous course that this Country was headed.

So why are people no longer killing and lobbying to get appointments but are rather running away even when appointed. And I ask why?

Is it because a new guideline that ensures accountability has been put in place?

Or is it because so many powers like award of contracts have been stripped?

Or maybe the anti graft agencies have woken up from their deep slumber?

Or maybe, just maybe, there's someone now at the head that asks questions?

Or what do you think?

But in this same administration #270m was used for clearing grass............ How about d #500m mtn bring? Were is d integrity? Or is it Damdazzu abi na Buratai