₦airaland Forum

I was amused when some started crying over inflation when in fact in fact the romance had just begun. We Nigerians must perfectly understand this phenomenon whereby the cost of goods go north and the value of your money goes down south. And no, I do not mean geographically.

The probability of a 50 basis-point hike at the FOMC meeting on March 16 spiked to 90% this afternoon, based on CME 30-Day Fed Fund futures prices, after this morning’s hair-raising inflation data for January, and after St. Louis Fed President Bullard’s talk on Bloomberg. The spike in inflation is now infesting services and has spread deep and wide into the economy. A 50-basis-point hike would bring the Fed’s target range for the federal funds rate to range between .50% and 0.75% (Fed Rate Hike Monitor via Investing.com).
https://wolfstreet.com/2022/02/10/mortgage-rates-hit-4-02-two-year-yield-spikes-most-since-2009-10-year-yield-goes-over-2/

feedthenation:
---Reuters reports Macron and Putin sat at that oversized table because Macron refused to take a Russian-administered COVID PCR test over fears of Russian access to his DNA---

Anti-vaxxers in France should love him if this were true. Did he not travel with his own French-administered COVID PCR test? I'm sure Russia would have accepted it, and he ought to be having one very regularly like everyday, if he were responsible at all.

My verdict is fakenews, or I at least do not believe it can be true.

michlins:
LoL. Those were statues that were remade to suit the modesty imposed on us by the Europeans.

Those statues predate the Europeans and even the Islamic Arabs who arrived centuries before then and who were also clothed and whom we could have learnt from if we hadn't learnt already.

Please pay your schoolfees and learn!

michlins:
my school fees were paid and I learnt a bit of history too.

Then please learn some more. Below are statues of Yorubas pre-Europeans. See the cloth wrapped round their waist.

You will hear yourself whistle and know if you are any good at it.

michlins:
brother, we were moving around naked before the Europeans came. We're just going back to our roots

Chai! Was your school fees not paid? Who told you this?

The Yoruba have peculiar types of clothes that make them distinct from other cultures. They have Aso ibile, the traditional clothes of various types and shades. Both male and female have different types and it is an aberration then for a man to wear a woman’s clothes and vice versa. Before the advent of the Europeans to the Yoruba land, only hand woven clothes were available. The Yoruba started from using ibante (a piece of thick hand woven cloth). It is only used for covering the private parts of both male and female. Ibante is made from a type of cloth called kijipa. (It is a tarpaulin – like cloth). It is usually very thick and can withstand any stress. Later on, people started wearing normal cloth that is made from aso-oke. Some of these types of aso-oke materials include etu, petuje, san-an-yan, alaaari and so on. For men’s wear, they have buba, esiki and sapara, which are regarded as ewu awotele or under wear, while they also have dandogo, agbada, gbariye, sulia and oyala, which are also known as ewu awoleke or over wears. They also have various types of sokoto or native trousers that are sown alongside the above-mentioned dresses. Some of these are kembe, gbanu, sooro, kamu, sokoto elemu, etc. A man’s dressing is incomplete without a cap. Some of these caps include, but are not limited to, Gobi, tinko, abeti-aja, alagbaa, oribi, bentigoo, onide, and labankada. The tailors and the designers have various styles and patterns that they do to these caps and the various dresses mentioned above. All these add to the aesthetic values of these traditional wears and the person who put them on. It must be noted that the culture of under wears, as in pants, brassiere etc. is a culture borrowed from the Europeans.

Women also have different types of dresses. The most commonly found are iro and buba or wrapper with a blouse–like loose top with the sleeve almost getting to the wrist. Women also have gele or head gear that must be put on whenever the iro and buba is on. Just as the cap is important to men, women’s dressing is incomplete if gele is not put on. This gele is wound twice round the head and tucked on one side. It may be of plain cloth or costly as the women can afford. Apart from this, they also have iborun or ipele. It is like a miniature wrapper that is hanged on the left shoulder of women. At times, it is tied round their waists over the wrapper. Unlike men, women have two types of under wears that we call tobi and sinmi. Tobi is like the modern day apron with strings and spaces in which women can keep their money. They tie this tobi around their waists before putting on the iro. Sinmi is like a sleeveless T-shirt that is worn under before wearing any other dress.http://www.africa.uga.edu/Yoruba/unit_06/cultureunit.html

A different era.


https://www.youtube.com/watch?v=IPnKYdLN56M

Step one, or shall I call it our first duty, is to register to vote. It ought to be our second duty, with joining a party so you are involved in choosing the nominees for post being duty number one, but I do not suppose everyone wants to join a party. I know I don't. Still, join a party is step one. Register to vote is 2.

And please see how we treat those who try to empower us.

https://www.nairaland.com/6981317/campos-ogundare-accused-using-thugs#110131615

And this too. It has fronts and rears.


https://www.youtube.com/watch?v=USiFIryLh9o

I'm certain this will grow interest.

President Muhammadu Buhari has, on behalf of all Nigerians, wished the nation’s athletes participating in the Beijing 2022 Olympic and Paralympic Winter Games success at the competition.

According to a statement issued by Femi Adesina, Special Adviser to the President (Media & Publicity) Tuesday, the president expressed confidence that Nigerian athletes participating in different events will excel at the competition, surpassing the previous record in PyeongChang, South Korea, in 2018, when the nation competed for the first time.
https://tribuneonlineng.com/buhari-wishes-nigerian-winter-olympics-athletes-success/

Samuel Ikpefan: From the French Alps to representing Nigeria at Beijing 2022
Thanks to Samuel Ikpefan, Nigeria will be represented at the Olympic Winter Games for the second time in a row. The cross-country skier spoke to Olympics.com about making history for his home country and his goal of helping young Nigerians to discover skiing.
https://olympics.com/en/news/samuel-ikpefan-nigeria-cross-country-skiing-olympic-winter-games-beijing-2022

Your's is the only post I found about Nigeria at the Olympics! I know we don't like cold but aba! Can we not support our nation a little?

I mean me. I never started a thread neither. Shame on buda!

elated177:
Mmmhmmm!

Remember you are watching the fruits of buda. I am relying on you please to inform me when my fruits are not so good so I can consider improving them but please note that whatever one chooses to believe in one's head is not one's fruit. Some love the Lord their God with all their hearts and souls but can not be Samaritans.

sulaak:
I can't believe you are quoting 300 years Adam Smith in 2022.

I wonder what you'd have said if I'd quoted 2000 year old Jesus or 1300 year old Mohammed or even much older Plato or Aristotle.

As to the rest of what you wrote, please read me quoting myself of less than one day old. You might want to respond to the bold which was ignored in its original.

budaatum:
Note how you've mentioned subsidies to manufacturers and not to consumers. Please check how much UK consumers pay on tax and let me know what you find.

Now, if government subsidies my tomato business, which they must only do if I have shown the desirable competence, then will I add my own money plus loan from the bank and use the money to "open opportunities for innovation, R & D, efficient management and investment" because I will make more profit in buying more land and employing more people and growing a lot more tomatoes just because I am greedy to make plenty huge profit. But if government subsidizes for consumers, you will just eat and poo the subsidy in fear it will one day end.

quentin06:
Oh so we don't have filling stations that sell adulterated fuel in Nigeria?
Keep deceiving itself, as if you know what good fuel looks like.
Kpo fire champion.

I guess you never drove okada bus or taxi or think one might not have.

"Kpo fire champion" who knows "what good fuel looks like", please how many times will you take your own car to a fuel station that sells "adulterated fuel in Nigeria" before your senses tell you to go and buy your fuel elsewhere?

quentin06:
Its normal for filling stations to blend fuel with water and alcohol to make profit na.

Aba! Must you make us seem worse with lies?

How can mumu so reach that such filling stations remains in business unless you are too gullible to look for value for your hard earned money and a good mechanic?

verybadmouth:
What a country. Oyinbo go dey laff us like this.

For making them money perhaps, though I think they might now be crying that market don spoil.

Black market fuel made from stolen oil in rudimentary “bush” refineries hidden deep in the creeks and swamps of the Niger delta is less polluting than the highly toxic diesel and petrol that Europe exports to Nigeria, new laboratory analysis has found.

Shell, Exxon, Chevron and other major oil companies extract and export up to 2m barrels a day of high quality, low sulphur “Bonny Light” crude from the Niger delta. But very little of this oil is refined in the country because its four state-owned refineries are dysfunctional or have closed.

Instead, international dealers export to Nigeria around 900,000 tonnes a year of low-grade, “dirty” fuel, made in Dutch, Belgian and other European refineries, and hundreds of small-scale artisanal refineries produce large quantities of illegal fuel from oil stolen from the network of oil pipelines that criss-cross the Niger delta.

The net result, says international resource watchdog group Stakeholder Democracy Network (SDN) in a new report, is that Nigeria has some of the worst air pollution in the world, with dense clouds of choking soot hanging over gridlocked cities leading to a rise in serious health conditions as well as damaged vehicles.
https://www.theguardian.com/global-development/2020/jul/01/petrol-sold-to-nigeria-from-europe-dirtier-than-black-market-bush-fuel

TheSourcerer:
1971 – 1st Email. Ray Tomlinson (US) developed the first electronic communication message between two computers.

Someone is telling porkies.

Amujale, where are you?

AoifeNightfall:
America is so misogynistic.

For the first time in over 200 years

*Spits

Nigeria must be less so misogynistic. We never had a woman leader and the only female governor we ever had was sitting in for an impeached male governor but I guess we are not over 200 years yet.

quentin06:
FYI the local refineries sell at a margin when he they were working, our country produces crude, so don't expect us to pay same rate as those countries that don't have crude.
Your argument that fuel can only be avaible when it is exorbitant is exploitative and flawed.
It is the same logic used by the power sector, what has it accomplished,? nothing.

UK has crude, and refineries. Go check how much subsidy is on their petrol and inform us here please. I've posted some fakenews below for you to contest that Abu's money is not subsidizing Abu.

FUEL DUTY – 2011 TO 2022

UK fuel duty is currently 57.95 pence per litre for petrol and diesel. Vehicle fuels with a lower emissions impact are taxed at lower duty rates; these include liquefied petroleum gas (LPG), compressed natural gas (CNG) and electricity.

Other than fuel duty, the forecourt price of a litre of fuel also includes the product cost (around 30p per litre), Value Added Tax (in the region of 20-25p per litre depending on price) and the retailers margin (often only 5p per litre or less).
https://www.nextgreencar.com/car-tax/fuel-duty/

sulaak:
Every country subsidises industrial development, the British automobile industry would have probably collapsed without the government handout and support.

Overtime efficient management and favourable environmental conditions and government support encouraged foreign investors like Tata Motors, BMW, Toyota and many more to invest in the subsidies British automobile industry transforming it into the success story of today, that employed 1.7 million people and export more than 2 million automobiles.

Note how you've mentioned subsidies to manufacturers and not to consumers. Please check how much UK consumers pay on tax and let me know what you find.

Now, if government subsidies my tomato business, which they must only do if I have shown the desirable competence, then will I add my own money plus loan from the bank and use the money to "open opportunities for innovation, R & D, efficient management and investment" because I will make more profit in buying more land and employing more people and growing a lot more tomatoes just because I am greedy to make plenty huge profit. But if government subsidizes for consumers, you will just eat and poo the subsidy in fear it will one day end.

sulaak:
Subsidizing production will open opportunities for innovation, R & D, efficient management and investment.

This is not true! You will never pay what I want for my tomatoes with subsidy!

You will beg me saying its for the good of the people, I should please be sympathetic, and since I would not be able to sell at all if I do not agree to be paid subsidy, I would have to accept your subsidy or close down my business, then one incompetent individual will come to you and sell even below the subsidy price because they will flood the market with adulterated fake tomatoes and poison those you subsidize.

On the other hand, if I can take my tomatoes to the market and sell at the price my customers pay, I will make huge plenty profit and my greed to make even more plenty huge profit is what will make me "open opportunities for innovation, R & D, efficient management and investment".

feedthenation:
---The Select Committee letter subpoenas former White House trade advisor Peter Navarro---

---Peter Navarro helping himself to a WH frame that should be part of the National Archive records---

Gang of Thieves!

elated177:
Why?

You are human like me and reading my Bible has taught me that I can not love a God I can not see if I do not love the elated whom I see before me.

Please know that I do often fail, but I am constantly aspiring.