₦airaland Forum

Who gave birth to this born fool They should have done the world a favour,and Nigeria in particular, to have "culled" this "thing" as soon as "it" was conceived. The idiot is now chasing shadow. The fool that stated that governments devalue currency every month end to attract diaspora remittance and then revalue after is trying to divert attention from its well known stupidity. If this is the last favour I will do for Nigeria, I am going to press this idiot's neck till it breaks by admittung it's natural status as a retarded thing....even if it takes 1 full year to do this..I am set.

pquaver:
I told you comprehension is not your thing, maybe because the statement i made was in English, seems you dont understand the use of English .. Else i am not surprised a dim-witted fool like you doesn’t know the meaning of "Maybe and also the use of might" in my statement.. Go back and read carefully maybe u might get it thid timebut idoubt u would.. but truelly it taking longer than even an idiot needs to under it for you.. In an age of google smart phones internet simple things like ths still evades you.. You are the epitome of Ignorance.. Stupidity and foolery personified.. Kill ya sef before you bring forth more idiots like u in this world..

.....the idiot can't even comprehend that he is dancing in circles. The fool who made it clear without all iota of doubt that he has genetical down syndrome and stated that govt. was deliberately devaluing the currency to attract diadpora remittances...and then revalue it after month end... he is now trying to justify voodo economics with some dim witted rambling....gosh!!! Who gave birth to this "thing"?? Can someone do Nigeria one favour by "culling" this "thing" so they can have one less stupid issue to deal with in that society??
When they say "a didinrin omo is a waste of efforts,hope and resources to the bearers"......this is a typical example.

pquaver:
Ignorance at its best.. It almost 2months with a smart phone u haven't still got it.. A fool born with no intelligence.. U r a shame to the school you went to.. Instead of u to tell me secretly to teach u, u using style to ask me questions @ the bolded.. Normally i wont reply a retard like u but for the effort to learn from a superior i will oblige u.. The govt doesn't not have to revalue afterthe inflow of the remittance, the value from demand and supply natural raise the values of the naira because to to excess inflow of the remittances the apex bank has increased access to forex which reduces the pressure on the existing forex at hand thereby resulting in the appreciation of the naira albeit marginally because the main solutions will only be export export export for constant inflow of forex... I hope u finally learnt something today.. Or are u still mentally handicapped to understand it.. Anyways after this i will give no more mentions to an. Illiterate like u and attention... You were born to showcase ur foolishness and i cant stand in the way as your display your natural characteristics.. Fool ur self till u have ur fill.. I have more intelligent people to engage.. You remain below me..

Wow according to the law of ur stupidity no wander ur people let u roam.. U r no use starting from home, so the let u out and u found home of nairaland to display ur inherent foolery.. Sorry is not ur fault.. Your are boigentically foolish.. U cant help it even it u tried. We all get it

....wow!! What an idiot....so the govt is now revaluing the currency after receiving diasporan remittances...you fool...do you know how much losses that would have caused the government itself??
Mumu does not realize that diasporan remittances does not go to the banks again, in these days of Fintechs..who bothers to send forex home...CBN and the banks have been throwing incentives for people to send them forex to no avail...oponu!! Amukunmeko.. didirin agba!!

According to Carlo Cippolla'(1976)....4 laws of stupidity...."A stupid person is the most dangerous of all being.... allowing such to thrive or participate in societal processes is the beginning of the end of that society"

Allowing you to think you are educated or participate in civil activities id a danger to that country. Someone like you should have been culled right from when you were conceived.

pquaver:
Now after the comment u are fooling urself on did the naira gain after diaspora remittance end of month or not? I have told u to stick to ur Iq level u feel u want to bam bam now u dey run kiti kata to low intelligent.. Nobody takes a low life illiterate seriously.. You are 7 light years behind.. I dont have ur time..

This road will not pass Lekki Free trade zone axis....linking Eko Atlantic City(co-owned by the Chagourys, the main sponsor of the road project) to the new port, refinery, fertilizer company l, propose Lagos state airport and other economic hubs......that is the only viable portion of the road that can be tolled....

You should wonder why it was approved in secrecy and urgently after Tinubu's private trip to France(Paris is where the Chagourys live now)in January.

Think, my people, think well!!

VAT will be increased soon...they are whetting the ground......bye bye Nigeria

...very funny country...people saddled with the responsibility of helping and fixing the issues in the economy, well and duly compensated...coming out publicly to lament instead of getting his ass to work

I fear for the future of Nigeria if the electorates is made up dafts like this...there is no hope, really.

pquaver:
I might be wrong but maybe it intentional as incentive for diaspora remittance end of month after the inflow the will resume again.. This na end of month many diaspora are getting ready for salary..

Forget it. This epistle is from a paid propaganda hiding under that pseudonym.......I can't see any genuine attempt to respond to the criticism of that scam.

Goodvibes007:
The presidential candidate of the Labour Party (LP), Mr Peter Obi, took to his verified Twitter handle to lampoon the Federal Government for continuing the Lagos-Calabar Coastal Highway.

In his tweets, he rued the economic and job losses, asking the government to focus on maintaining existing highways instead of engaging in non-essential projects


.

If they want to save Nigeria, this dude should be voted out by any sane national....I'm not a fan of Obi and Atiku either...but if Nigerian don't wake up and get back their country from these current fraudsters....wow! I shudder on what may become of Nigeria in coming years.

If you have the means, pls get out NOW!!!!

Wow and Lol!! This is not accurate....
you can't repatriate losses....losses declared in financial statements are still subject to review by the tax authorities. You can carry forward or backward losses but if there are suspicious transactions discovered, the implications are heavy. Besides, as a public company, declaring losses to avoid taxes affect your share value heavily....the incentives are not that worth it.

HRMK:
you really dont need a response but i will just try this once and just ignore you!obviously you are not smart enough to know that companies declare loss to dodge tax?its another way of cutting salary or laying off staff!when a foreign company repatriates its profits to declare loss,what is the gain of nigerians?
let them go back to their country!they are not first or last to fold up!we still have others that can do the job!good day!!

...what a myopic response. It shows you are truky not financially inclined. Karl and Modupe Kadri(CEO and CFO will not even dare to say this publicly because they know the implications) Organisations are measured by their profitability and not revenue numbers. You should know that revenue numbers are susceptible to inflationary trends. They dare not release a financial result based on CPP(financial accounting reports where inflation is accounted for) and you will see the signs of trouble in an entity that is currently projected to
continue to have losses based on the economic indices (going concern).....let them continue to increase revenue but run at a loss for the next few years and see whether they won't pack up their shops.

FreeStuffsNG:
Revenue increased very significantly which proves that their business is still booming in Nigeria. This is forex devaluation challenges because most of the inputs are imported.

They should look at possibility of import substitution and govt can please give them some incentives on such import substitution.

There is now stability in the forex market so MTN should feel reduced pressure from forex volatility in subsequent quarters.

May God bless Nigeria for ever! Check my signature for free stuffs!

Imagine the thinking of the citizenry No wonder they keep hailing the trial and error their leader is doing.

To allow this pass through your brain alone is the typical definition of stupidity, to noelw allow yourself to be pushed into blurting this asinine statement out on a public forum indicates someone with a genetically influenced down syndrome....imagine? God have mercy....!!!!

pquaver:
I might be wrong but maybe it intentional as incentive for diaspora remittance end of month after the inflow the will resume again.. This na end of month many diaspora are getting ready for salary..

Stupid move though...this is supposed to be a free economy as we have been told....if the govt. claims to be encouraging willing buyer and willing seller in forex market(which we know is a lie)...why are they then regulating how others sell their products in an inflationary economy?

...naah bro! I don't care if they defend the government any way they like, at least, they voted it in and they are currently suffering the most a la inflation, fuel acarcity despite removal of subsidy, very poor power supply, etc, as i heard and read ... it is the effontry at stupidity and pronounced daftness brazenly displayed by some of them in the open...like that squaver idiot. It irked me, I just couldn't let that pass. How on earth would someone with a functional brain and not inordinately insane ever reason that a government will deliberately devalue it currency every month end to attract disaporan remittance that is just a small fraction of its forex inflow and then revalue it after the month end, and then subsequently devalue it another month end, and then revalue it again...and so on, just to attract disporan remittance every month end....naah bro!...this one need to be cured of "its" idiocy. To rummage such through one mind is idiocy at the highest level, to even blurt such out on a public forum is insanity

MrNovo:
🤣🤣🤣🤣🤣....Calm down Bro
Thank God it's an E-fight you were having there, you probably would have murdered someone.

For me the most annoying part is that most of those giving excuses for a corrupt and lack lustre Government are within the country. For the few that are in Diaspora, they still have large portions of family within Nigeria facing the brunt of insecurity, increasing cost of living and the woes go on.
In our days, E no dey reach like dis befor we block Benin- Lagos express road for days. No motor go cross Ugbowo whether coming from or going to Lagos.

Is it Brain-washing or the cultism induced bandwagon follow-follow mentality that resulted in people been unable to reason for themselves and see the trajectory of current government actions or inactions. I have no time engaging born-f00ls on this platform anymore really, to each his own. Las las we go see them when them begin cross enmasse to Cameroun, Togo and Benin seeking asylum.

Hey Daftie....dont twist it...what you wrote was that the government was deliberately devaluing the currency because it was month end and their citizens will get salaries so they can send home.... what?

what a buffonery.....which government does that??

Who gave birth to this thing
We have confirmed your folly, girlie...only if you had kept quiet, we could have had doubts.

pquaver:
The train has already left the station.. The world has seen ur buffonry already... U r trying to cover but everyone can read the conversation between and see how ignorant u r.. I stand on the fact that diaspora remittance plays a huge part in Nigeria foreign reserves and i dare u and ur generations to disprove it.. If them born u well.. Illiterate of the highest other.. The fact u even asked the how come china and Egypt with high disapora remittance has a stable fx exchange rate shows u have no idea of even ss1 economics where Factors are used frequently.. So how can u understand that diaspora remittance is a factor to our fx income? I have told u its not to late to go back to school.. You are illiterate who thinks himself learned.. Slow... Po.. Ke

...lol. look at someone who doesn't know his left from his right trying to venture into macro economis and exchange rate theories....lol..lol!!

pquaver:
I might be wrong but maybe it intentional as incentive for diaspora remittance end of month after the inflow the will resume again.. This na end of month many diaspora are getting ready for salary..

MrNovo:
True, but all your suggestions, still won't be viable until Electricity, Security are fixed and Police extortion dealt with.
Which Entrepreneur wants to come setup a factory in a country where his truck can be held for hours just because driver didn't "settle" and all such rubbish

...naah, they are attracting disporan remittances by deliberately devaluing the currency at month ends according to some dim-witted fellow here on nairaland

...you are not only wrong...you are daft. What a dim-witted statement...that is only befitting only of a buffon or someone without a brain....who gave birth to this thing

pquaver:
I might be wrong but maybe it intentional as incentive for diaspora remittance end of month after the inflow the will resume again.. This na end of month many diaspora are getting ready for salary..

...God have mercy!!! Imagine what a supposedly educated person spurted out below

pquaver:
I might be wrong but maybe it intentional as incentive for diaspora remittance end of month after the inflow the will resume again.. This na end of month many diaspora are getting ready for salary..

...was the statement below composed by a 5 year old?? Imagine what came out of someone's marshed brain?? Common!!!

pquaver:
I might be wrong but maybe it intentional as incentive for diaspora remittance end of month after the inflow the will resume again.. This na end of month many diaspora are getting ready for salary..

pquaver:
E-literate.. It is clutching at straws. Go school u no gree. Keep embarrassing ur useless self in public... You can keep grasping at straws with the bolded.. Because it is clear to everyone that comprehension is not your thing.. You are a low class Obi-ngo.. Wey dey wait for update from the Chief Zom-biedients.. I cant engage u.. U r far below my intellectual sagacity.. Just imagine who i dey waste time the banter words with since.. Someone who does not know the difference between cloth and clutch... Go bring ur oga dem come.. U na d riff raff.. I can't engage u... My time is to precious for ur calibre of Zom-biedient.. Run along Anuofia.. Idioten Sohn.. Hürensohn.. Du bist einen ekelhaftigen Idiot..

https://www.bloomberg.com/news/articles/2024-04-26/nigeria-plans-a-10-billion-diaspora-fund-to-attract-dollar-inflows?utm_campaign=socialflow-organic&utm_source=twitter&utm_content=africa&utm_medium=social&cmpid
I told u.. You IQ no reach.. This is coming after i made that comment.. Things i dey reason.. Your papa wey born u no fit reason am in the coming 7 thousand lightyears... Shame no fit catch u.. Atleast e don sure the whole nairaland.com now that tto catch up with me IQ wise the gap u need to cover be like to waka from alaska to Australia with leg.. U no fit.. If to say u keep quiet dem for no see u finish ewu. Claiming Cow

.....
Idiot...of only you read the comments from Niheriand in the diaspora after the stupid investment proposal....you are naturally down mentally not to know that such an initiative will fail. NO ONE...I REPEAT NO ONE WILL INVEST IN AN ECONOMY that is struggling with inflation and currency devaluation....thats why your president is going cap in hand begging for foreing loans...ode buruku!! Imagine what he is jumping at....so daft a human being...who gave birth to you

...wow! wow!!...wow!!! ....even if APC will give stipends to some e warriors to defend them online, they should at least select the ones that do not have mental down syndrome to defend them... this guy below is the lowest of the lowests

pquaver:
I might be wrong but maybe it intentional as incentive for diaspora remittance end of month after the inflow the will resume again.. This na end of month many diaspora are getting ready for salary..

Lol...thats a typo and i type with the phone. So errors at typing is allowed. That's what he is holding on to....lol

...but can anything be equated to the reasoning of an idiot who thinks the government deliberately devalues the currency every month end in anticipation of disasporans collecting salaries and remitting same. Only a sub human can think this way. It means the Government of China, India, Egypt, Phillipnes and Mexico with very high disaporan remittances devalue their currencies every month in anticipation of forex coming from their citizens abroad...wow!! wow!! wow!!... who gave birth to this thing??

pquaver:
E-literate.. It is clutching at straws. Go school u no gree. Keep embarrassing ur useless self in public... You can keep grasping at straws with the bolded.. Because it is clear to everyone that comprehension is not your thing.. You are a low class Obi-ngo.. Wey dey wait for update from the Chief Zom-biedients.. I cant engage u.. U r far below my intellectual sagacity.. Just imagine who i dey waste time the banter words with since.. Someone who does not know the difference between cloth and clutch... Go bring ur oga dem come.. U na d riff raff.. I can't engage u... My time is to precious for ur calibre of Zom-biedient.. Run along Anuofia.. Idioten Sohn.. Hürensohn.. Du bist einen ekelhaftigen Idiot..

https://www.bloomberg.com/news/articles/2024-04-26/nigeria-plans-a-10-billion-diaspora-fund-to-attract-dollar-inflows?utm_campaign=socialflow-organic&utm_source=twitter&utm_content=africa&utm_medium=social&cmpid
I told u.. You IQ no reach.. This is coming after i made that comment.. Things i dey reason.. Your papa wey born u no fit reason am in the coming 7 thousand lightyears... Shame no fit catch u.. Atleast e don sure the whole nairaland.com now that tto catch up with me IQ wise the gap u need to cover be like to waka from alaska to Australia with leg.. U no fit.. If to say u keep quiet dem for no see u finish ewu. Claiming Cow

I wrote it out on one nairaland topic that this government will return to the ways and means it criticised Buharis government for, so many many of the daft urchins attacked me and abused the hell out of me...truly, what did anyone expect?

The government approved a huge expansionary budget proposing to spend its way out of current self induced recession and galvanise production in the economy. The two ways you can fund an expansionary budget if your earnings are shrinking are through borrowings or increasing taxes.....the government chose the former and was hoping to get a lot of foreing loans ti make uo for the deficits...unfortunately these are not coming as expected....to use the alternative option of taxing the citizenry more will require quite a lot of bureaucracies but also has a political consequence.....so the quicker option was to return to the ways and means while working on the fiscal policy options. As I predicted this, let me tell you what will happen in the coming year or two under this government.

1. Inflation will conntinue to get worse
2. Exchange rates will prevaricate between 1200 and 1500ish to a dollar...that is the true value of the naira now
3. There will be increased taxes soon( increased VAT is being proposed)
4. Expect a lot of foreign loans or Tinubu going cap in hand to beg for them at every opportunity
5. Ways and means will continue to be used as an alternative for funding the government expenses
6. The continued disjoint between fiscal and monetary policies will not abate. CBN fighting inflation using monetary policies while the Govt is increasing inflation through an expansionary budget and spending(e.g Money being given out to some citizens lately as social initiatives that are not backed by any economic production).

You are free to abuse, curse and attack me as some did months ago, I'm sure they are eating their words now. The above will happen.

You share my views except the fact that if Tinubu was aware or had any sense of calm thinking and deep retrospective abilities as claimed, he would not have removed subsidy and devalued the currency at almost the same time...no country does this...it is a recipe for disaster....a currency that is not internationally traded, that is even a second choice in its own country can not be floated until the system is cleared to give an advantage to the local currency.....this action of devaluation wothiut thinking has set the economy back 20 years...I'm telling you it will take that long ot more to recover from that irrational decision.

nairalanda1:


Borrowing is never going to stop, because the alternatives is government using the tax weapon..ie taxing the majority that do not pay tax to federal and state government...which is damne unpopular, and would cause issues

OIl money is not enough either. We had a sustained period of low oil prices from 2014 to 21, then a short period of high prices, then low oil prices again. Nigeria needs oil above 100 dollars at least.

The low oil meant our debt rose due to the resultant drop in income. That means more loans.

If the current government had not partially removed subsides, it would have been much worse...because by 2022, we were paying almost all our revenue on debt servicing.

SO, ways and means. And the harsh fact is, we do have a corruption and poor accountability problem, but...hereis the scary thing, should we fix that...and we need to fix it, it won't improve our income.

And if you think Obi would have saved the day, sorry. He would have done exactly the same thing. As would have atiku....because Nigerian politicans don't want to tell people there isn't enough money. Which is why apc is borrowing, and why Buhari also borrowed before tinubu. They don't want to be honest, and tell Nigerians there is no money, and institute things like total removal of subsides, a programm of industrialization, making states earn their money, and really fighting corruption...because it is much easier to spend more money and take more loans.

Nigeria has a problem, and really it is refusal to face reality.

....ouch!!...the buffon is clothing at straws..7 years...bla bla bla !!

Even an MC Oluomo disciple who never went to school, can not even reason, talk more of muttering that the government is deliberately devaluing the currency hecause the citizens in diaspora are collecting salaries for remittance......to show your level of stupidity....oponu didirin!!
I have beenninformed that you are the unofficial clown of nairaland....on this, I'm gonna put my foot on your neck, press it down hard till you agree that you are born a daft, with low self esteem, and scamper back to where you came from...

My advice to you, don't ever think of procreation, please, because your genes are overawed with chronically mutated down syndrome as been displayed here...you will only increase the number of retards in that country and cause more pains ti their progress.

pquaver:
The wise remain silent for fools like you to display their craft.. Words can not describe ur inherent stupidity.. But like u said u are 7 years behind which is d only reasonable thing u have been able to decipher in this world atleast u try know say u slow.. Anyways i cant spend my time on an E-diot.. E-literate of the highest other.. Simple things u no fit understand.. Stick ur IQ to very simple things na there ur brain power reach.. U cant give what u dont have... Dum ma n dummer... Your papa no jones give u that name.. Mr Dummynik.. E fit ur level die..

Ouch!!....the daft is running away...conceding to what we all have confirmed long ago, without any iota of doubt, that he is a dunderhead,a slowpoke, a daft, and, an idiot with chronically confirmed down syndrome genetics....wonder why it took him so long to be self aware...IQ indeed!!!

Now that I have I helped you realise this , go and keep your mouth shut and fingers crossed whenever and whenever intellectual discussions are held or going on...you are far below,in fact, sub-human, to engage,contribute or participate in such.

pquaver:
You are still on this topic when u no nothing about it.. I wont answer u again.. U r an iti bolibo.. If u are wise u know government devalues also to get FDI (foreign direct investment).. The devaluation is the incentive.. Which allow more forex from the investors.. Same as diaspora remittance.. If the dollar is $1 to 900 naira and $1 to 1500 which 1 will cause a Nigerian abroad to remit money home... Go school u no gree.. Dey form van damm ontop ur illiteratecy and dull.. Ardinho..
Abeg shift before u infect me with ur follow come iti bolibo.. Ewu... Now u see say school no be scam! Topic wey people dey understand sharp sharp.. 2 days u never still grab am.. Dey write rubbish..

...you mean a human being could be this moronic and igorant??

Government allowing currency to devalue so as to attract more disaporan remiitances

"Better to keep quiet and be thought a fool than to speak/ write and make it absolutely clear without further doubts that you are an idiot" ...Abraham Lincoln.

pquaver:
I might be wrong but maybe it intentional as incentive for diaspora remittance end of month after the inflow the will resume again.. This na end of month many diaspora are getting ready for salary..

I have got 3 PMs already with nairalanders confirming that this dude, pquaver,is the official buffon and court idiot of nairaland, according to them, based on other threads....one stated that he suspects "she" is a paid APC online warrior.

Little wonder. I have been wasting my time responding to a genetically down fellow. I never knew "her" stupidity was of this level. For anonymous people to regard "her" as as the most obvious slowpoke on nairaland...it is deserved....indeed!!

....this is the most stupid post of the year...lol...government devalues currency as an incentive for diasporan remittance.....kaiiii

pquaver:
I might be wrong but maybe it intentional as incentive for diaspora remittance end of month after the inflow the will resume again.. This na end of month many diaspora are getting ready for salary..

Just wow!

He is not only a retard with a genetically inducced down syndrome, and, obviously, a very low self esteem too....he was not even brought up well.... whenever you see any one on social media resorting to cursing, abusing or making derogatory remarks about people's parents when they have been found out to be empty headed or they are out of ideas, it is very easy to know where they were born and brought up......"the gutters".."trenches" ...."slums".

....little wonder he could think people collecting salaries at month ends is a major determinant of global exchange rates.....oponu agbalagba! Omo toyi o gbon!! Wonponu whesu!!..shioor!!!

I'm baffled and will be shocked if a woman will consider this "thing" worthy enough to be called her man, talkmore of opening her legs for "it" or allow "it" to climb ber....despicable

As for the rubbish and foaming in the mouth you wrote down there....I refused to read it since it's been established here and confirmed by yourself that you stupidity is not in doubt. Dont want my sanity to be corrupted by one gutter dude with down syndrome and chrinic mow self esteem...Lol!

Just wow!!!!! God please don't give me a retard like this for a child...I am on my knees

pquaver:
I thought u will just a dimwit with low IQ, i didn't know u r a stark illiterate with no hope of recovery.. The Answer to the question was in the tex.. Simple Exports based on a production economy.. That is why their do not fluctuate.. Go school u say na illiterate u wan be... U dey ask questions simple google go help... Sha u no go fit understand be the koko... Even though it is clear that exchange rate is determined by certain factors.. (S in a now means plural olodo) of which diaspora remittance is one of the factors.. The major being exports.. Even though it was in the write up, the idiot and illiterate in u just couldn't grab it.. Like wike said.. It didn't dey is it didn't dey.. You can never in your life understand the positive effects of the diaspora remittance on our non-production based economy.. Because u just dont have it.. No be curse .. It is evidently clear that a dog will understand it faster than u can ever... Someone who does not understand the variable and parameters for simple comparison.. E clear in the text yet u cant comprehend.. The first step in basic education in primary school is comprehension, so it clearly shows u didn't even go to primary school not to talk of being educated.. As i said the topic is above you leave it..
So for the insult...

See this useless dog.. Wey im generation no even get sense.. I no blame you.. Na ur papa wey get useless illiterate genologyi blame.. Go carry iti like him marry come the populate every with low life wey no get thinking faculties.. Thank God you know You are 7 lightyears behind me not just in timezone alone... And that behind u will always remain.. Ewu.. U wan use style tell me u no dey Nigeria.. Mehn for ur pocket.. No where for this world wey i wan go wey i never go.. U think everyone na riffrat like u. Yes enjoy ur united state of Aba.. Ikpu zaa kwa nne gi..

Confirm4real:
Believe Nigeria will be good at your own peril...



Nothing we're enjoying as citizens of Nigeria since 1960 same old stories till date



If you have the means just get out of this Corntree legitimately and enjoy the rest of your life cos life is short...



So many Evil leaders in Nigeria.

..

Gbam!!! I have been shouting this since. If you have the means to get out, pls do, you or your future generation will be better off in the long run...even if you won't because of other reasons, try get your children out..Nigeria will never get better in our generation and if it does, we go still come back. Make we go enjoy abroad life for now...na only 1 life I get...no be to come suffer dey wait for Nigeria ti get better.

GET OUT NOW!!