₦airaland Forum

Barrywilly:
The Agulu-born, Igbo local champion is empty upstairs, and one would be wasting his time to dignify him with any response at all.
Tinubu is repositioning Nigeria's economy making the country to be self-reliant and moving away from borrowing country. Only a discerning mind can see this. I agree that the policies are causing hardship in the land. But we just have to bear. It is like that of a pregnant woman. Tinubu is merely taking bullets for the failure of the past presidents. As for that Obidafts internet president, if he ever becomes an ordinary storekeeper in Aso Rock in his lifetime, make I bend

Thunder fire your mouth for you there.
Tinubu is repositioning which country?
Repositioning country by hiking pump price and selling of futuristic crude for cash
Was the Country like this when Tinubu took over? Is the country better off or worse off after he took over?
Do you have any reasonable content inside that thing hanging on your neck?
Some of you Tinubu and APC supporters are plain evil and sold your soul to the devil.
Oniranu Omo jati-jati.
Olori ibu.
Let Tinubu happen to you and your family.

Thunder that will fire this woman is close by

crestedaguiyi:
hope my brothers are free to go into this business.

For them not to have taken this business up all this time means there is something the government is not telling the masses, and I believe the cost the government is charging for this conversion is outrageous.

Gazzuz once told us the cost of this conversion on this forum. It wasn't up to half of what the government is charging. You can go through his thread for a clue.

Rest in Peace to him

Is Gazzuz dead?

Soon, Tinubu govt will start to Tax Nigerians to sing National Anthem.
Awon Ole Tax Masters.

Permission kó, Approval ni!!!

CBN have said nothing in their press briefing.
Very weighty allegations have been made against GTBank that required thorough investigation and sanctioning.
The CBN have neither denied the allegations levelled against GTB not have they defended GTB.
CBN is merely trying to calm nerves and save GTBank from customer mass withdrawal of funds.
Everyone knows GTBank and their fraudulent financial activities.
I strongly believe the allegations, and most of the allegations are verifiable.
Did countries where GTBANK are doing businesses penalize GTBANK for irregular and sharp banking practices?
Yes.
Was GTBank penalized in Nigeria for same offenses severally?
NO

bluepreek:
Kudos to her....At least she made use of her own share of quota system well

Lolz.
Quota system.
The irony is too that her girls might Probably be suppliers for BH and Bandits.
Quota system well utizlized

We don't need any fact checking on this one.
It is pure lies

So you know?
And you still dey play?
If you know this much, it's better you know that you are a goner.

Benrht3dbs:
>:

Werey,
Play it by yourself and win.

9jatriot:
Clearly, you are missing your lines. I decided to copy this from investopedia for your benefits.



This was why I asked you what the inflation rates of the country you referenced was.

The main argument against increasing interest rate particularly for Nigeria is that many economic experts believe that our inflation is cost driven as also stated by coleon.

If you notice, I did not argue with him because I do not necessarily disagree with him but if your argument for a reduction in interest rate is because US did it then I am afraid I will say you are missing your lines, not because you do not know the subject matter but just missing your lines.

Since this is your field as you say, you should at least know this basic economics and not let your partisan affiliation blind you

From your comment that I boldened above, if you agree and saying that "the argument against increasing interest rate is because Nigeria inflation rate is cost driven", then why are you challenging my position that interest rate should be lowered in Nigeria
Doesn't it occur to you that the higher the interest rate, the higher cost of production and inflation?
If a businessman borrows money at 8% interest rate and another borrows at 27% interests rate, and both of them manufacture a product, the cost of the product of the man that borrowed at 28% will be higher than the man that borrowed at 8%.
By implication, as govt keep increasing interest rates, it is pushing prices higher and causing more inflation. Hence that's why in economic policies we advocate lower interest rates so as to curb inflation.

Stop arguing nonsense with me because u totally lack knowledge in these things. Googling and quoting investopedia doesn't make you correct.
Honestly, if u were close by I would whack you dirty slap for coming to argue nonsense with me.
I keep telling you to face your field of study and stop delving in economic policy argument. Stay in the lane where you are knowledgeable.

9jatriot:
Chai.... This is so funny. For the records, I was the first to ask you a question which you refused to answer. So, that out of the way.

For the benefit of those who may want to know, just google "relationship between interest rates and inflation rates". It will help you understand that countries try to keep their inflation at single digits which invariably influences why their interest rate will also be single digits. Not that 9% is a magical number that they must never go above.

Anyway, like I said we learn every day and there is not shame in it.

tutorial ko, tutorial nii

I don't need to Google what I already know, so stop asking me to Google. Economics is my field of study and my specialty is Monetary Economics.
You only Google what you don't know. So keep googling on the field of study you are not familiar with.
You are only buttressing what I said and shooting yourself on the foot.
Since you keeping harping on " we learn by the day", Let me grant you the benefit of a simple explanation of the scenario so you learn further today:
Countries try to keep interest rate below 9% to avoid inflation rising.
Interest rate is the rate at which bank lend out monies to businesses. Inorder words it is the cost of money.
Low interest rates boost economic activities and reduces inflation because not only that monies will be available at cheap rates, it will also reduce cost of production and in turn reduce prices of goods and services (lower inflation).

On the other hand, higher interest rates slows down economic activities as fewer people will be willing to borrow monies at higher interest rates. It also increases inflation rate as any businesses borrowing at high rate will have to increase prices of goods and services.
Consequently, as prices are going higher, inflation is rising.

Having explained the relationship between Interest rate and inflation to you, I hope you have learnt more than google will explain to you
I have given you that knowledge Free of charge.
Like I informed you earlier, if you dony have acumen in the field of Economics pls stay aware from the ambit of such discussions and maintain your rants in Politics and partisanship.
Economic policy is not your mate.
I won't respond to your silly comments again.

9jatriot:
Interesting. I non fit laugh abeg.
Imagine a comment coming from someone who does not seem to understand the peculiarities of the countries he was trying to use to justify a recommendation for a reduction in interest rate for Nigeria.

You can argue for and against why you think the interest rate should have been brought down, I have no problem with it but as soon as you mentioned that because those countries reduce there's and so we should also do same, it was not hard to tell where you stood.

Anyway, we learn everyday.

I asked you a simple question. And u failed to answer.
What did you study in school
Do you know why countries lower interest rates or why they dont allow it to get above the threshold of 9%??
Pls take my advice and be preoccupied with discussions relating to your academic nomenclature because I am absolutely sure you didn't study Economics or anything close to it.
If you want tutorials on Economic policies, humbly inbox me and I will do it for a little token for you.

Lol.
Too many cooks spoil the broth.
The way almost every Nigerian jumped into Hamster was enough reason for it to be a disaster.
See as people just dey tap phones like mad so tey their calibrators go don almost damage.
Some people were even tapping phones inside church during service.
Some will even be tapping phone while crossing the road.
Even God go turn Hamster Kombat organizers to run people street.
Awon werey them all.

9jatriot:
Okay, now go and check those countries if their interest rate is higher or lower than their inflation rate, then you would begin to understand why and what the CBN is trying to do when the interest rate is increased.

What did you study in school?
What do you understand by interest rate when juxtaposed with inflation?
Do you increase interest rate when inflation is rising Or decrease it??

Economic policies is not for everyone to dabble into.
If you don't have clear understanding of intricacies within the realm of Economic studies, pls focus on discussing politics and partisanship.
Make una leave Economic discussions. It is above your comprehension.

9jatriot:
What is the inflation rate of all the countries that you mentioned here?

So you can't find out by yourself?
Must people reason out things and solve for you?
You want to tell us these countries have no higher inflation rate than Nigeria?
Werey Tinubu defender.

Werey govt.
US has interest rate of 4.75%
France has interest rate of 2.45%
South Africa has 8.74%
Rwanda has 6.55%

Most Countries all over the world have interest rates below 10% and are making efforts to reduce their rates so as to boost economy and reduce inflation.
Nigeria is having serious inflation and yet increasing their interest rates and pushing towards 30% interest rate.

Tinubu and his boys are running the country down with voodoo economics.
Tax, more Tax and stringent economic policies to choke the masses is their stoke in trade. Tinubu and his boys don't mean well and Nigeria will continue to go down with them in charge.

Wale Edun and Yemi Cardoso are bunch of clueless goons that should be thrown into jail for their shambolic policies.

I wish the wind blowing in West Africa will blow reach Nigeria so some people go get sense and all these nonsense go stop.

gidigbam1:
You are joking. Wike has surpassed El-Rufai's performance in just one year. What are you talking about? El-Rufai didn't come close. Do you know how many projects he completed within 8 months? Its unprecedented in the history of Nigeria. Not even Donald Duke in Cross River delivered projects this fast.

Let the haters and wailers keep hating on him for not supporting an Agulu fraud that didn't deliver anything in 8 years but invested the money in his bank and beer company to earned profits to his private pockets. If only other Ministers are performing like him, we won't be complaining. He did the same in River's state with zero pothole in the whole of Port Harcourt.

Stop this thrashy rant.
95% of projects Wike is commissioning were existing and ongoing projects that he got monies to complete.
Tell me how many projects Wike flagged off.
If he didn't flag off these projects, then he is only completing existing projects.

Besides, tell me which road projects has ever been completed within 8months in Nigeria?

Wike is working, no doubt. But the fact remains that most of the projects he is commissioning were ongoing projects that were almost 75% completed. He only quickly took monies and completed them and hype himself.
Be well informed.

Manager001:
Make una rest abeg!

Idiotic comment.
Rest over what??
This is how arrant mediocre subtly support wrongdoings.
You can only support what you align with.

Documentry:
please guys please don't just scroll pass. please I beg you in the name of almighty GOD pls someone should please help me, my little sister and I we are starving. Please help us the last time we ate a good food was from our neighbor on Thursday last week. Since then we have surviving on drinking garri since on Wednesday and the garri we use to have hope has finished. the little money I have I used it to pay for house rent so that we can at least have roof over our head. am pleading for help please, not for my sake but for kid sis please am a primary school teacher and a house painter, our mom is late and my dad has retired. No matter how little it will go a long way to help us. May GOD in heaven come to your aid as you have come to ours. Amen

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Opay M.A

This thief is just changing moniker like wrapper to defraud people .
I have been hearing this your story of last time you ate good food was from your neighbor over how many years now.
Thunder fire you with this lie to scam people .
Thief

Flourish2018:
please guys please don't just scroll pass. please I beg you in the name of almighty GOD pls someone should please help me, my little sister and I we are starving. Please help us the last time we ate a good food was from our neighbor on Thursday last week. Since then we have surviving on drinking garri since on Wednesday and the garri we use to have hope has finished. the little money I have I used it to pay for house rent so that we can at least have roof over our head. am pleading for help please, not for my sake but for kid sis please am a primary school teacher and a house painter, our mom is late and my dad has retired. No matter how little it will go a long way to help us. May GOD in heaven come to your aid as you have come to ours. Amen

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Opay M.A

Oloshi stop this permanent scamming disguise as begging on Nairaland.
If you are not a scammer why are you creating different monikers to scam?
I will report this your Opay account so they block it.
Thief

Hmmm

helinues:
Awon how much crews. Aren't you guys tired?

Oloshi, Omo ofo.
Are you not tired of supporting evil?
Must you sell your cigarette damaged heart to the devil?
Daffy- Daft

So with all these list, which sin come remain that won't lead someone to hell?

What about being on Nairaland on Sunday morning instead of being in church?

Rubbish stats

Scholar123:
please guys please don't just scroll pass. please I beg you in the name of almighty GOD pls someone should please help me, my little sister and I we are starving. Please help us the last time we ate a good food was from our neighbor on Tuesday early this week. Since then we have surviving on drinking garri since on Wednesday and the garri we use to have hope has finished. the little money I have I used it to pay for house rent so that we can at least have roof over our head. am pleading for help please, not for my sake but for kid sis please am a primary school teacher, our mom is late and my dad has retired. No matter how little it will go a long way to help us. May GOD in heaven come to your aid as you have come to ours. Amen

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Opay M.A

Aunty, why are you creating many monikers to tell same old stories of starving and not having anything to eat for many years now.
You have been starving and yet to die after the long while?
You can't be using this old stunt to deceive people for years now.
This is fraudulent and criminal.
If you don't desist from these fraudulent act, God will forever keep you in the situation you have been using your mouth to sing.
Be warned

Let him not even return again

Prolificgiant:
please what are procedures to take when issue like this arise

There is a window for return 5days from day of delivery.
Just click on return item menu to activate return process.
A delivery person will come pick the return item. They will confirm the item is in good condition after return.
It takes 3- 5days for refund after item has been returned

Jumia are fond of this nonsense these days.
That's how I ordered for 15" HP Laptop, and I paid before delivery, and they packaged 12" Laptop and sent to me. I almost ran mad for them.
I call their Customer Service and was screaming mad. I returned the damn thing.
You order for clothes and shoes, it is rubbish they will send too. Imagine, sewing dresses without linings.
Their Quality Control people are not doing their work well and they keep allowing vendors cheat customers.
It is better one go to show and pick what you see directly.