₦airaland Forum

pquaver:
Small sense u no get.. You talk of china.. Is china not an exporting country? Is the diaspora remittance to china + exports is it not part of the strength of the yen? U spent the whole night googling yet it still flew over ur head.. You are so dum that if them give u expo u will still fail.. I have told u to leave the topic ur brain no reach.. U the form i know.. The more u write the more u make a mockery of ur self.. Ewu go school u no gree na u dey disgrace ur generation online because of obi.. Anu mpam.. Abeg go hide ur ignorance

....wow wow wow!!! Buffonery of the highest order confirmed...what a weak response....signs of someone who did not know what he was writing in the first place....see the so called IQ....

The question is...those countries with far higher diaspora remittances(9.6%, 6%, and 6 1% of GDP for Phillipnes, Egypt and Mexico respectively in 2022 according to world bank data), do they have their exchange rates fluctuate month on month because thier people get salaries and are remitted? Then how is Nigeria special here?.....a country with far less diasporan remiitances than those countries and with same or similar % of foreign remittance contribution to their GDP. Think...idiot....think!!!

Olodo buruku....who gave birth to didirin like this..

By the way I am 7 hours behind your country in time zone...dont need to spend the night in dealing with a dunderhead like you about what I learnt in secondary. school.

...lol...i'm not surprised. The person who said he has been preparing for the job for many years.....came in 2 months and made the worst economic decisions without thinking....all in the name of bold decision making...he has killed Nigeria if you all don't know the country will never recover from those two decisions taken in the state of delusional state of mind.....yet, some boons can't see this.

Nigeria will continue till borrow to survive.

pquaver:
As eeh ur iti is beyond redemption.. Run away with your tails between ur legs jare.. Very big illiterate.. Go and find out what diaspora remittance is and how it contributes to Nigeria forex reserves ewu before u disgrace ur whole generation... Very proud illiterate.. Ur people wasted money sending u to school.. The more u write the more people see how stark an illiterate u r.. Yes diaspora remittance can affect the valuue of the naira.. Go and ask the little educated obidients make dem help because as i see u.. U r
among the lowest of the lowest.. Those wey no even enter primary school cos cheap phone u come online dey form wetin pass ur IQ level.. Better ignore this topic e pass u.. U no reach

...

....hhmmm!!...Abraham Lincoln said...

"Better to remain silent and be thought a fool, than to speak and remove all doubts"

.......if only you had kept quiet..if you did not state what you thought you might be wrong about or what you are incapable of comprehending... how could we have known that you are this daft and empty headed?...in your mind, you have written something intelligent...omashey o!....kai!! IQ indeed!!. Lol!!

Going by your dense and warped conjecture up there,it then means the Chinese Yen, the Indian Rupee, Mexican Peso, Philippines Peso and Egyptian pound(top five countries with the highest diaspora remittances according to the World bank), with home remiitances far in excess of what Nigerians remit back home, will be having their currencies fluctuate up and down at the end of every month due to people collecting salaries and remitting back home. HABA!!! All global data from world bank stated otherwise

Try use your phone and data to do some intellectual research(not that you are capable of any comprehension though,going by the gibberish you have been spewing and foaming in the mouth) before making asinine statements and digging into the hole of stupidity to assert your idiocy or defend puerility.

The moment you started your statement by saying you may be wrong, I knew an imbecillic sputum was coming out. If you were not sure, and knew you could be wrong, you should not have spurted that imbecillic statement that made us aware you are a fool and a retard. You removed all doubts, without bias, that you are incapable of any rational thinking by nature's endowment.....

As I said, in a country of double idiots, they jointly appoint a senior idiot as their leader. NIGERIA will never get it right with poor thinking citizenry like you...

pquaver:
No diaspora remittance comes from ur papa pocket.. Only a complete dull...ard..inho doesn't know majority of Nigeria abroad are salary earners.. Very daft thing.. I told u.. It is more than ur IQ.. It didn't dey be say e didn't dey u can't force it.

.....wow!..wow!!..wow!!! ......the more he wrote, the clearer it became he is a dunderhead. I am sure this one will be classifying himself as an educated one. God have mercy!
Guy, let me leave you alone to swallow in your stupidity....it is clearer to me why Nigeria will never get a thinker as a leader...with citizenry that thinks like this....exchange rates fluctuate because of salaries.....God have mercy!!!

pquaver:
Somethings are above ur IQ grade, pls pass.. U can never understand incentives.. Ewu

Truly, its above my IQ for citizens to think exchange rates are influenced by monthly salaries

...wow! wow!! wow!!!.. truly in the land of the double idiots.......the idiots rule

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 ma

ny diaspora are getting ready for salary..

Just wow!!... imagine how the citizenry 🤔 No winder they have idiots as leaders

The most stupid mistake a president will ever make is to make a gargantuan economic decion on personal impulse. This dude did not think at all or he was misadvised to floating the naira. Which goes to highlight all the accolades of experience and intellectual capabilities ascribed to him are overestimated. In fact if you listen to any if his free unscripted interviews, you will understand why he has not held any presidential press interview. Till now ans he will never..full of incoherence and gibberish....I fear for Nigeria under this dude.

Paraman:
You don't even know where the first phase will end and here you're comfortably making an ignorant comment

Another daft response from one of those whose heritage is being sold for pittance. The phase they are interested in is to lekki free zone and not lekki phase one,my friend. You can label it any phase you deem fit

Lol...this road is not getting to Calabar. I pity the gullible Nigerian believing the dummy sold to them by Tinubu. It will end with the 1st phase when it gets to the Lekki Free Trade Zone. That us the only viable portion of the project, then it will be abandoned afterwards. The target is ti create a highway between the new commercial centre of lagos, the refinery, seaport, airport and business areas in Lekki, to the Eko Atlantic city for the Chagourys who helped to fund Tinubus campaign.

...another daft that found his way to power in Nigeria...

BigIyanga:
Got any contrary proof other than propaganda from Bayo Onanuga and co? Nope.
Economist, Bloomberg, BusinessDay and other economists have collaborated the fact that our reserve is being depleted to shore up Naira value.

African Dev Bank and co have confirmed that FG approached them for some loans to be used in


You keep wallowing in self-imposed ignorance

..

....it is spelt "corroborated" ....not "collaborated"

Awon ode eniyan

Brenbentondiaz:
Especially if you consider the fact that Navy SEALs are always having ships in the background when they're photographed, right?

U know the meaning of SEAL? If you do, you will not make that asinine statement. They are all-terrain and can take pictures anywhere.

He is right though, forming a special squad without necessary equipment to match them up to a certain standard is pure waste of time and resources...in the light of Nigerian army SOF formed years back now acting as bodyguards for celebrities and as security men at social events these days

These are glorified mallam mai guards, at best l.

.....but an opposition governorship candidate that was a victim of an attack is being summoned...not even the attackers...lol...Nigeria under Tinubu is gone for good

...this is very stupid....you can not claim to br liberalizing the economy and at the same time be fixing prices at which independent non govt. businesses selling their goods or services. This is a which hunt.

adenigga:
Source: https://punchng.com/FG-enforces-prices-in-Abuja-supermarkets-plans-Lagos-P’Harcourt-visits

Well said....the guy no get experience at all...he thought Nigeria was Lagos where he was taxing and stealing the money. That singular act of devaluing the currency withiut putting proper anti inflation buffers in place has done an irreparable damage to the economy...it can not recover it in 20 years.

Kukutenla:
I believe Cardoso and his team now have the right template to stabilize the naira and close the forex gap.
But our naira ought not to have tumbled this badly if the president had exercised restraint a bit with his knee-jerk eagerness to impressin his first weeks in office.
The challenge now is to bring the naira down without exhausting the reserves

Exactly....I keep telling people that the biggest mistake was rushing to devalue the currency without proper thinking. He had a rush of blood in his head..mumuman

greenermodels:
All these confusion and pains would have been avoided if Tinubu had not prematurely floated the naira without thinking of the consequences, now they're wasting billions of dollars to defend the same naira from falling to its true value. A case of acting before thinking.

You must be a daft. He is not raising objections to the project persee, he is pointing out obvious thieving by Tinubu and his cohorts....That project is a scam. ...completely overinflated shrouded in secrecy and designed to benefit the thieves and resuscitate
the moribund Eko atlantic project which is a private concession arrangement between Tinubu and the Chagourys using state resources and commonwealth of Lagosians....just like the Lekki toll gate...its a bloody scam. If you cant reason beyond ethnicity in your everyday thinking, then hope is lost for you and your generation.

PressMyButton:
Lagos-Kano road project, Kano-Maradi railway, AKK pipeline project, Nigeria-Niger-Morocco gas project (Trans border project to Europe). These projects directly benefiting the north and so far, no northerner including Atiku himself have raised any dust concerning any of these mega projects benefit the north region but you see Atiku quickly antagonizing Lagos Calabar coastal road project in disguise of his evil intention and some useful idiots from the south are seen queuing behind him in exchange for their functioning brain. If you think you can stop the only project yet that would benefit the entire south, you're messing with the wrong guy. 1,000 Atikus and his useful idiots from the south cannot stand in front of Jagaban train. Lagos-Calabar coastal project is a done deal, it has already commenced.

Calm down. That road will not pass Lekki Free trade zone(phase 1) The Nigerian Govt will then buy it back from HITec at double the money they used in constructing it. That project na scam...to siphon money out of the country through the Chagourys. That's why it was hurriedly approved without a public tender. Check LCC Lekki toll gate...na scam. If you know, you know.

Zulu11zulu:
you will drive alone with your master in that road. From Lagos to Calaba you will have about 8 toll gate 3000 x 8. Each state will have two toll one from end to end.

Umehi is mad

Whoever believes this nonsense from this fraud of a propagandist should come,I have the white house to sell to such a person.

This man used to be respected when he had an independent job at Galaxy then. But as soon as he got absorbed to TVC (Tinubus TV station) apparently for survival, he became a paid agent of lies and propaganda

To start with, Tinubu can never call his fellow thieves to order, he doesn't have that integrity and the moral stance for such. Secondly, if it truly happened, it is not only Oniroju that would have heard it. It would be in the news given the type of propaganda driven govt in power now.
Thirdly, if you wasted your time listening to the rubbish the man was saying at that interview, you would know that he was paid to do a job of which he knew nothing about or had no knowledge of...his muddled up economics, meaningless financial postulations and incoherence gave him out as unfit to do the job he was paid for. He should refund their money.

No markerter imports fuel since June last year. Only NNPCPL does.

Oluwademilade:
Marketers who currently import refined fuel will no longer need to source for $ to import since they can buy from Dangote in naira. If you’re holding $ you better sell now

....no sir, they are still busy with Bobrisky the most important corruption issue in the country

Stupidity...africans never cease to amaze me with their dumbness

This is the same NYSC that someone dodged and was rewarded with a Ministerial position. If you ve got the opportunity and the means, fly your kids out of the country to continue their lives...if they need the nonsense NYSC certif8cate they can always come serve later in comfort and luxury....I know many returnees from overseas who did the damn NYSC dhit from the comfort of their homes

When people were jubilating on the news of thr Coastal road and i read that it was given to HiTec without any competitive bidding, I knew Tinubu was planning a big cash out at the expense of Nigerians. Let me tell you what will happen. That road will not be completed, it will most likely end at Lekki Free Trade Zone and it will be tolled. That section(1st phase) of road is the only lucrative part of the road as it connects the Eko Atlantic city to another commercial hub of Lagos where there will be a port a refinery an airport and other major commercial set ups. The remaining part from Epe to Calabar na jungle, nobody will pay a toll, they will prefer to take the existing Lagos Benin road that is currently untolled than pay a toll, so it will be abandoned. The reason that project is broken into phases and the haste in implementing the 1st phase. It was never discussed openly nor thrown open to a competitive bidding. After the 1st phase is finished, there will be a lot of noise about the tolling from the citizens and the FG will offer to buy it back from Hitec(aka the Chagourys) at an exorbitant price....money will be moved abroad and shared by the thieves disguising as leaders and their Lebanese partners. Same as it happened to LCC Lekki Toll gates.....Nigerians no know wetin dem enter...

Atiku is right on this one...even though he is an okiri(king of thieves)himself

I want to believe the story of this man more than the response from the governors office

..baba scammer

Omooba77:
https://www.vanguardngr.com/2024/04/im-nothing-but-dont-mock-my-god-adeboye-cautions-critics/

adioolayi:
Thank you for this engagement.

Firstly, I personally do not see the arrest and prosecution of Bobrisky by the EFCC as a witch-hunt, because he was not the first celebrity to be prosecuted for Naira Abuse in recent years...the last before his,that I know of was that of a Nollyhood actress, "Simi Gold" ..prosecuted in February 2023 for same offence as that of Bobrisky.

Back to your Triple E analysis, thank you for this, as I am coming across these for the very first time.

I am of the opinion that Naira Abuse has been a cancer in our society, and almost everyone is guilty..Spraying the Naira at parties tops this chart, it seems to be our culture and law enforcement agencies that will stop us from doing this will do loads of work.

Reorientation of a very large society like Nigeria will cost a lot of money.

Have you heard of Classical deterrence theory before?..It's just about how deterrence are being used to discourage crime.

















r me, prosecution of a celebrity for a crime being committed by a very large society like Nigeria, can serve as a deterrence...making larger populace very conscious of the law and the crime.

I think the arrest and prosecution of a celebrity like Bobrisky is cost effective for EFCC, CBN and FGN sending subtle message to the larger society that Naira Abuse is a crime, punishable under the law.

Bobrisky's prosecution is a deterrence...All of your Es were ticked by this singular action of EFCC.

Question, you haven't answered. Chasing Bobrisky or prosecuting Ganduje, given limited resources, which would serve the public interest more and send the "high toned" anti corruption message more as a deterrence? All those things you typed na grammar. If you can answer honestly, without flinching, then, again, we know where you belong.

By the way, just read the charges and went through the CBM act and the criminal codes, what Bobrisky was charged for is a misdemeanor, that should have been prosecuted by the police. There is no financial or economic crime in what s/he did. This was why there was an initial accusations of money laundering(was dropped immediately because they knew there was no evidence)to paper the gap that it's purely a witch-hunt. Such offices should have more important national issues to deal with to serve as deterrence, not this one

Let me educate you.
The measure of how well public institutions or offices perform world over is called the Triple E
1. Economy: How well you optimised the "supposedly" scarce public funds given to you to achieve your programs without overspending
2. Efficiency: How you used the "scarce" resources to score bigger points or make bigger impacts than the commensurate effect of the funds
3. Effectiveness: How your actions or implementations reach out to the populace or impact on their lives/change their lives positively in the direction expected by the policies or the government.

The question you should ask yourself is, given the scarce resources that EFCC might have and other constraints, would the Triple E have been better achieved if these same resources are deployed instead to:
1. Prosecute Betta Edu who committed a blatant abuse of all economic and financial crimes in the face of the nation
2. Prosecute Ganduje: Who has been reported several times to EFCC(evidences of petitions abound) and who has boasted that no one can prosecute him unless EFCC or the AGF approves(we have been waiting for EFCC since 2018)
3. Prosecute Olubunmi-Ojo (Minister of Interior) whose company have been linked to receiving funds from the suspended minister(Betta Edu) and who never declared this same company in his deposit at the code of conduct bureau
4. So many other big ones..

I am no supporter of Bobrisky, and there are so many other well placed public figures that have been seen and publicly recorded to have been involved in the abuse of the naira(something i consider detestable personally)...but in the face of the supposedly scarce resources that EFCC claimed it had, would the public interest not be seen to have been served more and the Triple E not achieved better if EFCC deployed those resources to chase the cases i mentioned above?? if you can honestly answer the question without your conscience fluffing, then we know where your reasoning belong.

We know Bobrisky is being prosecuted more for the kind of person that he/she is rather than the offence s/he is being arraigned for. The rest na story!!

adioolayi:
Is the prosecution of anyone that abuses the Naira part of statutory functions of the EFCC or not

While it is true that Nigeria has loads of security and financial challenges to deal with, mitigating against the abuse of Naira is also a challenge.

EFCC have not done anything outside their operations.

Odinkalu should know when to rest...he can't ask a law enforcement agent to look away because a crime committed, according to his own standard, is of a "lesser" degree to other crimes.

Let me educate

...Nigeria on the float....u don't know anything. People are quick to accord accolades to Tinubu for some of the things that happened in Lagos under his governorship. Now let me give you an insight of what happens as you will see a lot of this happening soon as soon as his administration starts settling down....some new ideas will start coming up and those will be painted as innovative and forward looking with many positive benefits for the populace, with a lot of PR and other public opinion shifting mechanisms as to how those will benefit the people more or in the public interest l, even if these ideas are retrogressive, needless, painful, and meaningless to the people in the face of other public priorities. These ideas are private proposals brought by business entities to make more money at the expense of the populace...but disguised as a public initiative. This will be forced down the throat if the people after the "Oga" and his boys would have incorporated their share of the revenue(%) in percentages....public assets or properties will be converted at an almost free or little cost to the business ventures....money will be made and be shared with little or no benefit to the populace. E.g. ikeja mall, Alpha Betta consulting, BAT diagnostic centre in Lasuth, LCC, Eko Atlantic(chagourys),etc....these were business proposals brought to him under a revenue sharing formula but disguised as public interest initiatives.

I won't be surprised if this is an idea from one of the private businessmen and sold to one of his men...look deeply to the company that will implement this....as.mentioned above, na one of them...

I believe the current EFCC has lost its focus. I agree with Odinkalu