₦airaland Forum

No blame them nah lack of work make dem join soja

macpetrus:
A govt of mouth action is what we have. According to their "statemens" everything has been fixed. We can all go & sleep now, we're in Dubai

There is a thread dedicate to APC cheap propaganda and lies.

Debt GDP portfolio should be considered first before drawing your list.

Lagos and Kaduna can easily manage what they owe .

While that of Cross River was taken during the Duke administration in lieu of oil revenue from Bakassi and those secede to Akwa Ibom. So in a way I won't blame Cross River but the useless Obasanjo and Nigerian state and besides all the money duke borrowed was duly utilised with evidence on ground to show for it.


Therefore your list must contain the following 2 at the top:

1. Osun : for having the misfortune and combined stup1dity in voting a vagrant slowpoke as their governor. Osun state now averages a total revenue base less than 600million. Coca cola sees more revenue flow than osun all thanks to aregberascal the Ooni Gbesse who has borrowed from every bank in the land.

2. Edo. For having the. Misfortune of electing a hedonistic womaniser who has borrowed to fund his ashewoe cravings. Edo has only one ashewoe expat as first lady to show for it.

Tribunals again?

Their jurisdiction can easily be contested and dismissed.

PassingShot:
Why can't the manufacturers or anyone doing legitimate business/transaction have access to dollars? Why can't they fund their dom accounts if they follow the official and legal ways of doing it. The Governor of CBN clearly assured all genuine businesses the will have access to dollars and I am not aware they cannot receive dollars into their account from their business partners.

Because there is no forex to meet every demand.


Fool

Yoruba people

Horlufemi:
Wow, You are really smart.

I amaze myself sometimes

Shakirat is finer joor

www.nairaland.com/attachments/2756359_ares_jpegc62de399b8edbf55f2b6c6770556bb70

[img]http://wandervogeldiary.files./2015/02/suicide-bomber-boy.jpg[/img]

Benzzle:
you angry son of a bastard

owambe conceived bastard product of an ab0ki trailer driver and multi colored Tattoed face paraga slinging hoe dey call me bastard?

We know the region with the highest bastard gdp.


Keep showing your omota upbringing

walexy30:
No wonder you cannot differentiate btw parallel and official rates. Charlatan!

What is this useless Nijeriya saying.


Was the parallel rate under GEJ ever up to 260 like in August?

Aregberascal dey galivate while the hunger games continue in osun.

donifez:
Yes he is a thief and he will still steal away your family livelihood,FOOL.

He is also far better than your dad,with your warped mentality which makes u believe that those who send their children abroad are all politicians, Thieves and their ilks.

Thank God you know your father is a thief.


When Buhari arrests him don't come wailing here.

walexy30:
What is true about all the lies you have been giving out.

Liar Mohammed has put you in an owerllian state to believe a lie as the truth and the truth as a lie.


We are here to remove you from his hypnotic possession of your brain.

walexy30:
You are crude! That is what semi-literacy causes

It's the bitter sweet truth.


Like it or not it is the truth.

Now gerrout

donifez:
I know you will surely resort to insult knowing you can't win this argument, Yes i school in Ghana and FYI i passed jamb, Do i debate like an illiterate..as a mouse potato on the internet and an outstanding student in my discipline, I am good at what i do, I won't tradewords with you,arguments must be made in a civil manner, Thanks.

Your father is probably one of the thieves from the Southwest who Buhari needs to arrest.

The northern christians need to come out and fight for your survival and rights.

There is no jihad in Sokoto, Kevin or Zamfara because there are no christian indigenes unlike what we have in Gombe, Bauchi, Adamawa and Borno.

Chibok is a predominantly christian community just like Michika, Gwozo.

EBOLA BAT

donifez:
Here you go wrong again, I am a student in Ghana and i pay in dollars..business men also use parallel price.due to the cbn policy of 300 dollars per day and 50,000 per year restrain..businessmen have no option than to buy from parallel market,when the dollar price in the parralel market falls, Naira do increase against the likes of cedis and co...Is that not ur economy boosting? Not only politicains use the parallel market.

You chose to school in Ghana because you could not pass JAMB.


How many Nigerian families send their children to Ghana or abroad?


If you spend in dollars then you must plan on dollars.


My uncle has three kids abroad schooling in the UK. He hardly has time for local venture as he only spends dollars so he tries to earn forex by exporting anything he can sell abroad even at one time coal to china.

menxer:
You have only succeeded in not answering the question: how is the Naira appreciation to our disadvantage?

Imports becomes cheaper at the expense of local manufacturers thereby leading to close of businesses, unemployment and a service oriented economy that will sooner or later go bust.


Why do you think the Chinnese and Japanese have been accused of artificially undermining their own currency by the US?


I am not here to educate you. Do your own research.

Caseless:
liar, you an ageless and a headless pig. Dollar was already 220 before gej left.

Dunce

addey:
Fool with all the money given to your father still no development in ND

Mention one city other than Lagos which our oil money built in your useless Southwest that is on par with Uyo, Calabar, Port Harcourt and Warri.


Mention just one.

donifez:
The country operates mainly on parralel market, The businessmen, Students (schoolfees) etc. all use parralel markets rate,The economy is based on parallel market..even exchange rate in other currencies appreciates when the naira appreciates against the dollar,I am in a state to tell you this because am totally involved with the system and knows how it operates,If dollar falls in the parallel market the economy will get better. The actual pegged rate is a blueprint (building plan), the parallel market is the (building itself)..do you judge as an asset from the plan or structure you can see with ur eyes?

The parallel market is insignificant as to the economy.


How much do Igbo traders going to Dubai carry on them?

How much do students with relatives abroad convert in the parallel market?


The black market is there to carter for those wishing to avoid scrutiny and paper work and as such can never compare to the official market rate.



Only the governors and crooked civil servant thieves patronise the black market and this is not in any way substantial when compared to how much the CBN offers for sale every week.

Try and grasp my point.


Every container vessel entering Nigeria needs a forex form before it is cleared and this is done through the official market and not the black market.

Now consider daily fuel imports? Do they collect forex from the black marke?



As I said the black market can never be used to gauge the currency unless in a highly controlled forex market which is where we are heading again just as in 1984.

vivaciousvivi:
Quite so, but I was referring to ur GEJ statement.
Also, please remember PMB did not select the current CBN guv. That again, was all GEJ. I have nothing against the former president per se, but would rather we all stick to facts.

As far as I am concerned the current CBN needs to resign honorably as he is on the verge of destroying the autonomy the past CBN governor was able to achieve.


The CBN under the current governor is interested in keeping his job than attending to the naira.

What we have now is the politics of naira value over the economics of managing our scarce forex in the light of dwindling oil revenue.

menxer:
So what if the dollar is devalued, must it always be the Naira that is devalued?

If the Naira is appreciating because the dollar is devalued how is that to our disadvantage?

The Current administration has since reverted back to maintaining our reserves only on the dollar being part fulfilment in getting White House support for the APC.

As things stand now, the naira is highly overpriced and what any sensible govt will do is to devalue the naira to meet the primary currency it uses to back it.

But what we have now is politics of naira appreciation and not naira revaluation.

As the chinnese continue devaluing expect the dollar to continue devaluing in response.


The only reason we are not feeling the shock is because:

1. Govt spending is near zero with little or not major contracts being awarded or the current budget passed by the past administrator being followed

2. Thus, manufacturers and businesses are not getting big patronage from the primary spender which happens to be the federal govt.

3. Artificial tightening controls on forex have made forex conversion harder and placed an artificial scarcity or rather inflexibility in converting and spending forex.

This is similar to what one poster posted here as having your parents starve you in order to conserve food in the kitchen.

donifez:
In the parralel market it was not,get ur facts right...what the op wrote is for the parallel market and it was not that rate.

When has the parallel market ever become superior than the official market?


Can the parallel market supply $10million in a week?

The parallel market operates on the hinges of the official market and has never been used to gauge the money supply but only the confidence level wrt the man on the streets.


Get that straight.


GEJ supplied and guaranteed supply at 190 but under Buhari we have it trading at 208.


So what is there to celebrate?

vedaxcool:
Seun are we muslims to believe nairaland condones lies and misinformation as long as it is against Muslims or is it that your are losing interest in moderating this section? The op's penchant for slandering and instigating hatred for muslims is becoming obnoxious. Time to put your foot down.

Tomorrow is Sunday take your frustration on a church near you.


Fool.

vivaciousvivi:
Please and please, let's call a spade what it is.
GEJ left this country's economy in ruins and the forex rate did was NOT at N190 when he left. It was around N210. I know this for a fact.

Did the dollar not appreciate to 240 in the official market in August?

igbinigiejeff:
With all this in mind;He lost already,especially his comments on the blacks......He should go to show biz, talks too much.

Trump is not interested in any elected position.


He is there to stir the debate in white American voters heads.

Trump is expected to contest on an independent platform and so you should expect him attacking any gay loving liberal fool the Democrats have to offer while the Republican candidate concentrates on the economy, immigration reform and foreign policy.


This is a chess move with Trump being used as a knight to keep whatever the Democrats have to offer on the offensive.

walexy30:
Look at you, you said domiciliary account. We are discussing the parallel market here not official Mr. Man

You know the differential btw. parallwl and official is avout N10; So, if it was N190 from yoir domi, then parallel was about N220 because the diff. was wider then.

Sharap. The parallel market moves in tandem with the official price and so what are you saying?

When dollar was trading at close to 240 it was being sold at 260 in the black market.


Nobody is using black market figures here but the official rate set by the cbn

uniklinkum:
Your fathers are slave... just keep calm and wait for the ugly calamity to befall you.

So now you want a sectarian riot in Abuja to kill all non ab0kis and non yorubas?


You see why I say all you muslims in one way or the other support ISIS and Boko haram.


I have my shotgun biatches and in it I trust.

Omololu007:
how many barrel of oil is your village producing?

How many does your useless osun produce?