₦airaland Forum

Kulas:
So d visit is now d indication of one Nigeria?. Abeg pack well joor!. The Ooni was made the Chancellor of UNN which is in Nsuka in Enugu state which Ugwuanyi is d governor.So you expect him to come to Nsuka and after the Convocation,he will just go back.

Ponder on this,

Why will a Yoruba monarch be made the Chancellor of a University in Igbo land.

BADNEAT:
don't get it twisted, I'm a supporter of Ben and will continue to be,got his book this evening and that caught my eyes...should I because I support him turn a blind eye??no!!!!!!! I'm not An Apc follower..i don't follow blindly

I understand you bros, but there are things that if you get explanation for, you'll see no reason for your attack.

Take for example, my Chaplain/Priest Fr Herb in school/UNEC then had all his books being printed abroad, and that's by his former student at no cost. No making excuse for him because I made same observation when I downloaded the soft copy and saw the address.
However, I expect you to fault him based on the content of his message.

BADNEAT:
Ben wants us to patronize Made in Nigeria goods and services yet went to USA to print his Common Sense Revolution book...does that make sense??No..

Lalasticlala mind you I'm a great fan and supporter of Ben

Why the sudden attack on this man and why are certain persons bent on drowning his voice

wastedsperm:
can u please be my girl friend? i will take care of u and no sex till marriage i swear to God. pls reply

Guy If I catch you ehh

Konji no dey fear old age

saasala:
After fvcking countless d1cks... I know this Chika cant afford this house with the meagre 400k per movie she gets, and we all know she has no good endorsment.

Smh

Nice one


"And some tribal scums will want to kill themselves here over online Igbo/Yoruba rivalry, come and see how your first class king and an Igbo man are reaching out to each other in brotherhood" Bugatie 2016

Long live the king.

That's how bridges are built and alliances formed

jonhemma11:
This is allegedly the multi-billion naira luxury estate built by former Police affairs minister Jelili Adesiyan in Ibadan. The People’s Democratic Member was appointed Minister of Police Affairs on  the 6th of March, 2014, by former President, Goodluck Jonathan.

See photos above;

Source: http://www.trezzyblog.com/2016/02/photos-alledged-multi-billion-naira.html

Gossip everywhere,

Your picture doesn't show anything that will make one believe the house is a multi billion naira house.

I can do a bigger and finer house without touching govt funds.

Op pls build yourself a self contain when you become a minister

demo4ril97:
Biafrans at work Baddo awon enemies Olamide, Donjazzy is involved you know!.


But street ti take over u av blow and diariz nofin any fuckinq soul could do about this BABA IYALAYA ANY DISSER!.

When someone's name is demon

LORDSAMURAI:
I WILL IMMEDIATELY DASH IT OUT TO MY GATEMAN AND PRESENT A BUGGATI TO MY SPOUSE'S EX.

You sure you can afford a Buggati

tomakint:
Chief Ifeanyi Ubah how did you intend to achieve that? Our balance of trade is negative, global oil price has fallen, we are a consuming economy, we run an expensive system of government that bites hard on capital expenditure but caress recurrent expenditure, our FX is below $30 billion, and many indices aiding the free fall of Naira. So Sir, how do you intend to achieve that?

You don't expect him to divulge such code to the public

Bevista:
Ordinarily, I should not comment on this thread since Ubah has not mentioned how he would go about it. However, for the benefit of those who might get swayed by his cheap claims, I'll say something.
---
The exchange rate (PRICE of dollars) is determined primarily by SUPPLY of dollars (through exports, FDIs, foreign borrowing, etc) and DEMAND for dollars (through imports, payments of foreign school fees/medical bills, online purchases, etc). The NET flow of these transactions determine the Balance of Payments (BOP) account with the Central Bank. Elementary economics tells us that when demand exceeds supply, prices go up!
---
Coming back to Nigeria, it is well known that oil accounts for 95% of our FX earnings. As oil prices have collapsed from ~$100 in 2014 to ~$30, our supply of dollars has dropped tremendously. This is even worse when one considers that our cost of oil production is ~$20/bbl, meaning that our dollar revenue from oil has dropped from ~$80/bbl to ~$10/bbl. On the demand side, the request for imports are increasing. With such supply shock and increasing demand, there is only one way for the exchange rate to go. This is basic economics and has nothing to do with Emefiele or Buhari, except you are simply being mischievous or grossly ignorant.
---
When oil collapsed from around $147 to $38 due to the 2008 Global Financial Crisis (GFC), Nigeria had a Foreign Reserve of ~$62bn. The then CBN Governor had to spend ~$20bn from the Reserves to meet import demand thereby preventing devaluation/depreciation. Between 2011 & 2014, oil price was above $100, meaning that the administration never had a dollar supply problem and so could maintain a stable exchange rate. Fast forward to late 2014 when oil prices slid to ~$60, the CBN had to devalue the Naira twice within a period of 6 months (Nov 2014 & Feb 2015) because the Reserves were too low (<$35bn) to deplete to support imports. Now in 2016, oil prices are around $30/bbl while FX Reserves is less than $28bn. The supply shock has reached unprecedented levels, yet demand for imports has not decreased. There is absolutely no way that the exchange rate can stay below N250/$. Simple economics says that price will continue to move till a new equilibrium is reached where demand equates supply.
---
There is no policy from Emefiele, Soludo, Greenspan, Bernanke or any other Central Bank governor that can strengthen the Naira in the near term. Except we want to completely deplete the Reserves or go to the IMF to borrow SDRs just to meet import demands. Brace up folks, if oil price collapses to $20 (thereby increasing the supply shock) the exchange rate shall hit N1000/$ and I repeat, this has nothing to do with Emefiele or Buhari but simply economic forces. The only thing that can save the Naira is either for SUPPLY of dollars to increase (through high oil price) or DEMAND to reduce. Since we do not have control over the supply side, we can at least focus on managing the demand side.
---
So Mr Ifeanyi Ubah, you have zero knowledge on what you are talking about. With all the money you made from the last government, you can start by building a refinery or some other manufacturing facility (like Dangote) to help us substitute for imports. That would help the Naira more than you seeking cheap consultancy from the government. Or except you want to broker a deal for the government to give amnesty to your Dasuki-Gate friends, so they can bring out stashed up dollars from soakaways and graveyards to support the economy.

Stop the grammar and give him a chance, besides he has not asked to be paid or given appointment.

What's Buhari's own with CAN?

Maybe I've forgotten but don't we have eligible Northern Christians and are they not qualified for CAN leadership. Then also, there'll be an election, so what's the fuse

Too much politics in CAN, Now I see why the Catholic Church pulled out.

Beautiful ,

But how you take know say na the guy babe :

Jcob:
BuyMadeInNigeria. Enrol for ICAN. Pay in Naira

You guys won't kill person, what if he's almost concluding the exams?

hopegrace201:
,,

Will you stop this nonsense for once

We know, it's never in ur character to accept defeats

Like him or hate him,

The truth is Fayose is one of the vocal voices in the wilderness

I have no doubt buhari dreams this man every night

HungerBAD:
Seriously? just 14 days to move? why do i find it difficult to believe?

Lagos State is not like other States in Nigeria, and usually the State try to work within the Ambience of the Law and that is why this Story sounds strange. Will wait for for the State's version of the story.

Meanwhile.

[s]Without meaning to throw Jab at some people, this man fainted, woke up and took everything in his stride, and yes he is Yoruba. If it was some mischievous ones, who eat from the same plate of food with Onyeka Onwenu, they would have said they were targeted because they are very successful, and that is why they Oba Of Lagos wanted them to swim in the Lagoon without any Scuba diving gear.[/s]

There are the Markets in Lagos, and then there are the Rules of Laws that traders must adhere to.

I am very certain the APC Government of Lagos will compensate these traders, i have faith in them and their transparent ways.

... a time comes when we grow above certain things, and this my brother is one of them

The economy is already biting so hard and no one needs more headache added to eat.

killerman57:
You no know say men na mumu? Ones demand see girl who fine, foolishness is their second name

Guyman is trying to position himself.

Its called #stooptoconquer

funnyme:
God pls give me a husband and some cute twin boys to share.

Prayer answered

This joke is becoming too much,

The problems of this country can not be solved by running away from them

This joke is becoming too much,

The problems of this country can not be solved by running away from them

So this's another joke in town now abi

Not sure they were friends,

That's a terrorist in the making

Forget the theory and long grammer, it's all about the hand of God and His timing.

correctyourself:
Op dont worry you will correct it after 2019.

That's some good money,

Much as I don't support undue charges by banks, I only wish the CBN should take is a bit easy with the banks.

The govt do not give banks grants or subvention to stay afloat and as such should be allowed some level of independence.

If one knows how much these banks spend on diesel/power, manpower, maintenance of their structures and they are never given free!

This run on banks by CBN should be handled with utmost care otherwise, banks that can't meet its obligations will be left with no option than to retrench their workers

vosquare:

Bros those your eyes ehh

oduastates:
"A man whose personality is fully developed never fears anything; he cringes not, and never feels inferior to anyone; His breadth of mind enables him to exercise his freedom in such a manner as not to endanger the interests and freedom of others. He is a citizen of the world - free from narrow prejudices. He is what he is because the three main constituents of his entity - his body, brain, and mind - are fully developed. Mens Sana in Corpore Sano!"
- Voice of Reason (1981)

Ok go on, indulge yourself

Kachisbarbie:
She fine pass that Dabota...
E get the kind beauty them dey get for those days_ even my own mama fine pass me sef.

Like seriously?

Please gimme her no