₦airaland Forum

Buccalcavity2:
Honestly it's up to Israel and Hamas to do what is best for them. I watched an interview on CNN where a reporter was trying to emotionally blackmail an Israeli. The Israeli tearily answered "what will you have us do? You saw how our citizens (civilians) were slaughtered. you saw the jubilation by Palestinians in Gaza and even in Israel, you are saying we shouldn't attack because Palestinians in Gaza could be injured. Was that the position you took when 9/11 happened? Whose interest should we protect?"
I had no opinion again just like the interviewer after the guys response.

I agree, at this point I think the world should just let them fight it out. I can't see Israel and the Palestinians ever living side by side in peace and harmony.

spearman:
We are going to divide and that is why it is important we all understand who we are now so we know where we will end up.
The problem is your Ibos don't want to stand on their own.

What do you mean 'Your Ibos'? DYI Iam not Igbo.

Mention anything about tribe and see low intelligence Africans get all excited and emotional. Who cares where who originated from? What should be of importance is what's going on now. No Nigerian state has pipe borne water across the whole state, dilapidated schools and hospitals, universities that are no better than secondary schools in the west. Crashing currency, insecurity... so many issues that should focus the mind, but no, all low intelligence people want to discuss is tribe this, tribe that.
Africans are a cursed lot!

Buccalcavity2:
Since I've been monitoring this, Its the same pattern. Hamas attacks with rockets and Israel retaliates, then they call for a truce. The difference this time is that Hamas bridged the border and physically did what it had always stood for on Israeli citizens and covered it on camera., thereby humiliating and proving Israel right that it's existence is at risk if Hamas exists.
Make no mistake. If those over 5000 rockets found its way into Israel alongside the land assault, Israel would have been history last Saturday!

I just can't see how Hamas did what they did and would not accept the response Israel is now deploying. I think Hamas exactly knows what they are doing, and I've got the feeling they are waiting for the ground war to start. Maybe they've got hold of anti tank rockets from the Russia-Ukraine war, I don't know, but I just think Hamas still have something else up their sleeve.
You simply do not kill over 1000 Israeli citizens and not expect a full invasion of Gazza.

An ancient kingdom that was trading with Europeans while many other Africans were still walking around naked.
The inspiration for Marvel's Wakanda (If you doubt it listen to the dialogue between Michaël B Jordan and the lady in the British Museum in Black Panther)
Simply put Benin was the greatest empire in black Africa.

dre11:
https://www.thecable.ng/full-list-kaduna-abia-rivers-28-states-attracted-zero-foreign-investments-in-six-months/amp

Nonsense stars. My friends recently invested in a massive oil palm plantation in Edo and 2 months ago

MrUchenna1:
My 37-year-old son got married without my permission. How can I teach him a lesson?

He does not need your permission. Just pray for him as a father and be there for him. Its his life

grandstar:
There was nothing wrong with SAP. The problem lay with its implementation.

IMF always demand a tight fiscal policy i.e either balanced budget ot low budget deficits. IBB government was very notorious for having large budget deficits and also for running a loose monetary policy. These twin evils were the reasons for the persistently high inflation and large depreciations of the Naira during this period.

Contrast that with Sani Abacha. Because budget deficits were very, the Naira stayed relatively stable at $1-80 from 1995-1998. Abacha had even ditched the SAP in 1994 only to bring back liberal economic policies in 1995.

What many of you don't realize is that there are many Africans working at the World Bank. The policies that the IMF and World Bank are called liberal economic policies. What the World Bank will tell you is the same thing that the Charles Soludo or Bismarck Rewane will tell you.

A lot of what you said are basically myths.

Where did you read that the World Bank lent money in order to buy Nigerian oil cheaply? Nigerian oil has for long been expensive to buy due to the corruption ridden way it was sold. Nigerian officials preferred to sell on the spot market, allowing their cronies earn money by lifting crude.

Why will the West want Africans to be doomed? Do you think they want poor Nigerians or Africans flooding their countries illegally for work?

The EU and US has given duty free access to African countries to export their goods to them. This is a massive blessing. Yet, most African countries have yet to take advantage of it except a few exceptions like Ethiopia and Lesotho for instance.

What also do you mean the principal is never paid. Nigeria paid $12bn for $30b debt to be wiped off. The HIPC initiative which was set up to forgive part or all of the debt of highly indebted countries has already had beneficiaries. See below

https://en.wikipedia.org/wiki/Heavily_indebted_poor_countries

Have you seen I like to back my points with facts?

Yes, many feel the way you do but it is not backed up with facts. A lot of this ill will or suspicious starts when a nation is instructed to swallow bitter economic medicine to get better.

Do you know why the economy is in a mess today? Because Buhari threw away the kind of policies that the World Bank would support and the country had long implemented.

The first was a flexible exchange rate which sold the currency was sold at a market reflective value.. Buhari begun to sell fix the exchange rate below its market value and before you could say Jack Robinson, the foreign reserves were empty. Now, there's barely $4bn in the foreign reserves from $34b in 2015.

A lot to unpick here.

You say the IMF demands balanced budgets of very small deficits. Do you know what the US and UK deficits are? Why is that western nation are allowed to run mega deficits and even embark on money printing but that's not allowed for so called 3rd world nations?

Why does the world bank and IMF never speak on the mega subsidies western nations pay their farmers?

The fact that Africans work at the world bank and IMF is totally irrelevant to weather the policies of those institutions are beneficial for us. In the last 40 years it's clear that world bank/imf so called liberal economic policies do not work for Africa. We need to develop home grown economic policies that reflect our realities and our needs. No western nation would impose the kind of inflation on their people that has been imposed on Nigerians since May29th.

spiSeyi:
World Bank should stay off our economy if not for see finish can they control Morocco monetary policies like ours .
1 The same World Bank discouraged GEJ from fixing the old refineries, they are the ones who led Yaradua to reverse the decision of selling out the oil refineries and Ajaokuta steels. If Yaradua or GEJ had gone about their initial bidding on the refineries Nigeria would have been economically stable by now.
2 This same evil prevented PMB from partnering with ARAMCO (Saudi Oil conglomerate) to buy off NNPC, they went ahead to confuse PMB to halt the Nuclear power plant project by Russia in Nigeria.
3 They discouraged the government of PMB by implementing the bilateral currency swap between Nigeria & China whereby Nigeria can trade the Chinese Yuan directly with the Naira. If this had been fully implemented Naira wouldn't be in a free fall against the USD, and the Naira would have competed favorably with CNY because China consumes more of our raw materials and we could have earned more Yuan from Palm Oil, Cassava and iron ore.
4 The World Bank brought Nigeria's economy to its knees by instructing the PMB lead administration to unconditional and unplanned removal of fuel subsidies.
It is clear that the World Bank is after its elfish interest
PBAT should not repeat the mistakes of Yaradua, GEJ, and PMB. He should discard their nonsensical and selfish advice and should act strategically with every stakeholder within the Nation to revive the economy.

Bless you! The world bank and IMF have been destroying our nation since 1986 when IBB listened to them and launched SAP. No good ever comes from their advice/policies, because they are only interested in securing western economic leadership. They will never give advice that will actually grow our economy.
If you check the records, Nigeria actually experienced economic growth under Sani Abacha, becasue the west shunned him, and he promoted a 'Nigeria first' economic agenda.

They shut their dirty mouths!
We are a sovereign nation and fully within our rights to implement ANY monetary policy that will benefit our people.

These western institutions are total hypocrites. They tell us to practice full free market economics, meanwhile they do no such thing in their own countries. You'll be shocked to see how much subsidy is paid to farmers in Europe for example.

Was it not the same west where central banks (The Fed, BOE, ECB) were printing money for over a decade? Why did the world bank not say anything? Please do not believe all their propaganda, we as a developing nation need to have direct intervention by the CBN in critical sectors of the economy like agric and manufacturing. If the World Bank say someting is bad for us, then you can be sure the opposite is the case

Spirit04:
There are no roads in Delta and Edo state. Two states I'm very attached to

I feel you. I call both these states home, having lived in both. Its soon shameful to see the level of infrastructure decay. These states should be among the best in the nation, on terms of roads, schools, hospitals...

There is really NO debate on this matter.

it's got nothing to do with weather one supports or opposes Tinubu.

The rules are CLEAR and Supreme Court precedence is unequivocal. If you present a forged certificate, you stand disqualified.

The Supreme Court may refuse to rule on this based on 'technicalities' but that is really not the point anymore. The man is an illegitimate president, and he will now have to deal with all the consequences of that, both local and international.

Edo no dey carry last.!

Once the certificate is proven to be FAKE, then Tinubu automatically becomes an illegitimate president. I agree the corrupt Supreme Court will not remove him, but we will just have to see how an illegal president governs Nigeria for the next 4 years

This so called SAN is very stupid. Who said the release of the transcripts is for Nigeria's corrupt supreme Court? The aim is to totally humiliate and exspse Tinubu globally.

Ondo voted for Balablu, so na their toro be this one.

Pigstormentor:
1st Class Transgender..

Yaribaaa don CAST

BAT will soon claim he is non binary, and should be referred to as They/Them!

We are a state of norms and values if a child errs and apologises, they should be forgiven.
kudos to both of them.

Winning123:
Good for you and everyone that supported Obaseki. You were among those who insulted President Tinubu and Senator Oshiomole, so take the pain.

There's no pain for me. I am proud of the stand I took against Oshimole and Tinubu and if a similar situation presents itself, I will take EXACTLY the same stand. It's about PRINCIPAL OF DEMOCRACY. Its not personal at all. If Obaseki tries to do the same, he will get exactly the same attack from me and like minded people. You see EDO NO BE LAGOS. We DO NOT accept godfathersim in this state, whoever is trying to do it.

Why is the black man so primitive? Did we not all support Obaseki when Comrade was trying to deny him the tight to go for a second term? Why now is he doing the same to Philip? Philip has every right to contest and Obaseki has every right to support whoever he wants. Let us please try and practice civilised politics.

YoungLionken:
That's not the right question, it should have been vice versa..

A woman is supposed to be a wife and a mother. But most women stop being a wife and only accept being a mother...

Louder for those at the back of the class!
This is exactly what I've seen in most cases. The woman becomes 100% a mother totally ignoring the man. Is it any wonder that the man's eyes start to wander?

If women only knew how EASY it is to keep their man. Just pet him now and again and ensure the house is a tranquil place, where he's at peaceand is well fed. Trust me that man will pet and care for such a woman to the excusion of all smallies and side chicks.

What you need to understand is that all these were actually incorrect figures. We keep hearing how Niara was so strong in the past, but the truth is the currency was tightly controlled and only a few people had access to it. Many firms had already started going out of business in the 80's due to lack of FX. If you wanted to travel the govt restricted the amount of FX you could take (It was called BTA, Basic travel allowance and you had to get it form the bank)
Those figures are just propoganda

Extremely stupid comment, that he's got no way of achieving. Look everybody please get it into your heads, Nigeria's economy will only grow, when the basics are in place. Sufficient Power for industries, efficient and extensive transport infrastructure, and internal security. If all of these 3 things are not in place, then Nigeria CAN NOT grow it's GDP. No CBN governor can change that

Let the Naira Crash.
Nigerians say they are mad, they must eat foreign food, wear foreign clothes, must use foreign hair....
The market is the ultimate tool for behavioral change, as the Naira continues to crash and imports become more exspensive, people will be FORCED to change their consumption pattens.

RepoMan007:
The possibility is there for Naira to bounce back to around N700 a dollar but I believe it is tied to Dangote refinery firing.

That's the only major import substitution we are about to witness that can spur the Naira on. No other mean in sight. Harvest has come and for the first time in history, food prices barely crashed. Too much money in the system means people are using the new found wealth to stock up from hinterlands and selling at massive profit that hides the crash in prices.

Before our N100 a post agents arrive to blame emefiele for printing money, remember, Tinubu once suggested to Buhari we print money during the covid crisis.

Dangote is going to sell refined products in Dollars, so his refinery will not do anything to improve the strength of the niara

Nigerians especially Yorubas and northerners deserve all the hardships they get.

Tinubu is Nigeria's first Trans President!

GO0DHardDick:
When will the youth rise up and protest against the high cost of foodstuff in the country?

When will they protest against the high cost of fuel, gas and commodities in the country?

A Dollar is currently #1,050. Are the youths daft not to see this to protest?

It's obvious foolishness has beclouded the reasoning of Nigeria youths! Foolishness taken too far!

Bless you!
It's quite shocking to see that Nigerian Youths can actually organize themselves to protest. They did not protest when they were at home for almost a year due to ASUU strike. They do not protest lack of power, lack of water, lack of jobs, lack of security. But one musician dies and suddenly see all of them all over country doing protest.
Indeed nations get the leaders they deserve

MrFixIt007:
This same man that the Oba publicly disgraced for his poor Performance as a Minister? Operation Chop him money small

Oba of Benin has spoken regarding this one. He will just be waisting his money if he proceeds with trying to be governor.

Nothing stops majority Muslim states doing this if they want

What a joke of a country.
There is no budget for petrol subsidy beyond June 2023. So that means the money being spent on Subsidy was not budgeted for that, and so it's funds that were budgeted for other sectors. Eventually more borrowing will be needed to plug the holes and that will put more downward preasure on the Naira.
IN some ways this is even WORSE than what Buhari was doing, because at least Buhari budgeted funds for subsidy payment.

What I don't understand is why is Nigeria paying for refined fuel? Surly all we should be doing is swap agreements with refiners (Until our local refineries are functional) Basically swap deals for example we send a refiner 2 barrels of crude, they send us 1 barrel of refined petrol. We should not have to be spending scares dollars to buy refined petrol

How did ugly Obaseki marry such a fine wife?