₦airaland Forum

tspun:
From 950 to 1350 within 1 week
Some people are really behind this dollar crisis
So people really don't want to see Nigeria work

which people? can you pls name them? I thought it was Binance? since Binance can no longer be blamed, pls tell us who else we should blame? who are the people that dont want to see Nigeria work? when tinubu was saying emilokan was he interested in seeing nigeria work?

these people are confused. I thought Binance was the problem?

https://www.nairaland.com/8077092/why-naira-depreciated-23-4

Gboom:
Going from consumption to production is not a day job, it entails a lot of infrastructure to be put in place.
Your obi is just a deceiver because he is one of those importing goods to Nigeria thereby killing production

can you pls name the products that obi imports that have killed production and which companies were producing those porducts?

Topsido:
Let me break this down what the minister is saying here.

1. Nigeria is not rich enough to sponsor its own power requirement

2. Investors are needed but they won't come because electricity tariff are too cheap hence they won't make money.

3. Tariff was increased ×3 for some users who enjoy 20hrs of light per day. With more money coming to DISCOS investors are begining to show interest.

4. That does not mean FG is sitting down waiting for investors. Power generating plants are still being built

which power generating plants are being built? how have all the previous tariff increases led to improved power supply? how will increasing tariff for some users 3 times improve power supply?

Umueme:
If this is really going to strengthen the naira and not just a wishful grope in the dark, then it's a welcome development

#MyOpinion

how will it strengthen the naira?

bdon123:
Baba hear me n hear me well no refinery run by FG will ever work in naija. Government has no business running refineries as its supposed to be profit oriented not a political tool to appease politicians. dangote refinery will succeed becos its private n profit focused

if Government has no business running refineries, who runs the refineries in Saudi Arabi and Qatar?

I was expecting to see Binance as the reason for the depreciation. what happened that Binance and speculators were not mentioned?

Fiscus105:
You tactically expunged most important in that screenshot, .....that's enough to know ur mind as hypocrite and evil minded.


The most important is, it has headquarters in Lagos and branches in other states within Nigeria.

What does that means? The alpha and Omega of the finance of the company is in Nigeria.

Let say, it's even a Chinese that owna it, it's still far far better than company owns by Nigerian that bases in china.

When the headquarters of company resides in a particular geo-location, 90% of benefits going to that community.

That's why US economy is booming stronger, because of Google, Whatsapp, Facebook etc in US.[b][/b]

pls, is whatsapp a company? how is whatsapp different from FB? what has US and google got to do with the discussion? from the screenshot you shared which you felt should update me, can you show where it said anything about the above that you have written? what is the most important part of the screenshot and what is the least important part of the screenshot?

Fiscus105:
Pls update yaself.

did you read the screenshot you posted? your screenshot says that "Hitech is one of the leading construction companies in Nigeria". CCECC is also one of the leading construction companies in Nigeria. Shell is one of the leading oil companies in Nigeria. Julius Berger is one of the leading construction companies in Nigeria. American International school is one of the leading educational institutions in Nigeria.

Fiscus105:
And 1 very important point you didn't include.....
Lagos -calabar Coast road would be done by a Nigeria's company, while railway lines are done by Chinese.

They borrowed us money,that we will be paying with huge interest, meanwhile, it's their companies that would executive the projects, .....hence taking away the money they lent, away from our economy almost immediately, why we would be paying the principal with interest for several years to come.

is Hi-Tech a Nigerian company?

integrity16:
The Calabar coaster road of 2.6Tr is way cheaper than the railway project of 12Tr.

When you look at the corruption index in the country, the 12 Trillion is definitely a hugely padded project by the politicians. Calabar Coastal road is a lesser padded project than the railway project so if they can deliver calabar coastal road, then I'm fine with it.

Calabar project is handled by a local company which would create jobs for Nigerians while the railway project would be handled by a foreign company in China, taking away construction jobs from our economy to theirs and don't forget the railway project is constructed with huge loans from China of which we are still paying with interest.

oga, is road project the same cost as railway project on any universe?

professorPABX:
What will that achieve? When Jonathan and Buhari were considering Coastal Railway project from Lagos to Calabar why didn't they think about Kaduna to Itakpe, Itakpe to Ibadan? Over 14 billion dollars wasted on Ajaokuta Steel, Buhari still paid hundreds of millions of dollars to the last Indian Company.

Thank God, the GA people of Ghana (Accra) recently visited IFE their ancestral home. Lagos to Accra is shorter than Lagos to Abuja. We have coastal link and Seaports along Lagos, Cotonou, Togo and Tema (Ghana). There is the AU funded Dakar to Lagos Highway Project from Dakar, Banjul, Abidjan up to Lagos on the ECOWAS route. The ECCA ( Central Africa body) have projects to Calabar. The development along the coastal line up to Equatorial Guinea must be opened up.

What is the economic benefit of Itakpe railway to Ibadan?

what is the relationship between ajaokuta and steel and the issue of road or railway? what concerns the discussion with whether ghana people visiting or not visiting their ancestral home? how does coastal seaport concern the topic of discussion? what is the ECCA andd what projects do they have to calabar? how does "The ECCA ( Central Africa body) have projects to Calabar" concern the discussion about road and railway?

countryman13:
Hmmmmmm! Na wa oooo

it is very very wa ooo. is it the none use of seat belt that caused the accident that claimed the lives of the victims? is wearing seat belt compliance with traffic regulation?

I was discussing this with someone some time ago. instead building a new coastal road, kaduna rail line should have been linked to itakpe and itakpe to ibadan. its just simple logic that flies over tinubus head. that would have solved a million and one problems

countryman13:
U seems not understand my take here! Ur last sentence simply shows u read d story half way before commenting because d question is quite different from d seat belt issues u raised! Gbabee!

in this quote I shared with you earlier, FRSC said “Unfortunately, 19 people out of the 22 victims were killed and one injured. The remaining two victims who got rescued by FRSC operatives without injuries survived the crash because they complied with traffic regulations on compulsory use of seatbelt."

the FRSC is laying emphasis on seat belt as the reason people died or survived the accident and not on the carelessness of the driver who drove one way. you can see that in the comment above it says that those who wore seat belts "complied with traffic regulations" meaning that those who died did not comply with traffic regulation. whereas it was the driver who drove one way who did not comply with traffic regulation. how is wearing seat belt compliance with traffic regulation?

countryman13:
They are two different things bro? How can such accident happened in a dualized road is an independent question which doesn't have anything to do with d safety belt issues! I rest my case for ur digestion

thats because you are seeing letters but not reading them. in this quote I shared with you earlier, FRSC said “Unfortunately, 19 people out of the 22 victims were killed and one injured. The remaining two victims who got rescued by FRSC operatives without injuries survived the crash because they complied with traffic regulations on compulsory use of seatbelt."

the FRSC is laying emphasis on seat belt as the reason people died or survived the accident and not on the carelessness of the driver who drove one way. you can see that in the comment above it says that those who wore seat belts "complied with traffic regulations" meaning that those who died did not comply with traffic regulation. whereas it was the driver who drove one way who did not comply with traffic regulation. how is wearing seat belt compliance with traffic regulation?

Zxcvbnmghtr:
Lol. How much was it when Shagari was the President?! What does that make of GEJ based on your judgement?

Jokes apart. GEJ is a weakling and a coward.

and what was the standard of living for nigerians under the "weakling and coward" compared to now? how does the "weakling and coward" who said his ambition is not worth blood on any nigerian compared to the one that said if he looses election blood will flow on the streets and "emilokan"?

HypocriticalObi:
the Public Relations Officer, Independent Petroleum Marketers Association of Nigeria, IPMAN, Chief Chinedu Ukadike
I am not surprised, they are always pessimistic, they never want the progress of Nigeria

is it their pessimism that is responsible for nigeria not making progress?

countryman13:
Am not saying it wasn't mentioned but u asked a question on how such accident could happened on a dualized road? And that was why i wrote ROUTE VIOLATION AND WRONG OVERTAKING bodly,for u to see.

and I am sure you read the issues I raised about seat belt before the question I asked. that is why I quoted the comment of FRSC and highlighted it for you to see

countryman13:
ROUTE VIOLATION N WRONG OVERTAKING mentioned in d write up!

“Unfortunately, 19 people out of the 22 victims were killed and one injured. The remaining two victims who got rescued by FRSC operatives without injuries survived the crash because they complied with traffic regulations on compulsory use of seatbelt."

this was also mentioned in the report. pls take note of the emphasis made by FRSC

Jonjam269:
It costs you nothing to read the report properly, instead of rushing to comment. Because it was stated clearly "one way driving and wrongful overtaking" caused the accident

so if I didnt read the report properly as you claim, how then did I know that the FRSC laid emphasis on seat belt as being the reason for the lives that were saved and those that were lost?

pls read this. am sure you missed it: "“Unfortunately, 19 people out of the 22 victims were killed and one injured. The remaining two victims who got rescued by FRSC operatives without injuries survived the crash because they complied with traffic regulations on compulsory use of seatbelt."

what do you mean by "wrongful overtaking"? "wrongful overtaking" where?

am sure it would have cost you nothing to read my comment again instead of rushing to comment because I clearly stated "FRSC is so dumb. the only they know is seat belt. the road is a dualised road. how was there overtaking that resulted in a head on collision on a dualised road?"

realmindz:
My comment is for people that have sense

exactly. meaning that you are not one of those your comment is meant for that is why I wrote this for you. what is there to look forward to and taken with positivity? is it his pessimism that is responsible for the state of things in nigeria? you are focusing on the child that is crying and have left the person that is beating the child.

pls help me answer the questions and prove me wrong that you dont have sense

FRSC is so dumb. the only they know is seat belt. the road is a dualised road. how was there overtaking that resulted in a head on collision on a dualised road?

realmindz:
Mr Racoon, not everyone is a supporter of Tinubu or Apc, you don’t even need to like him in anyway. That’s absolutely fine and okay.
But at least, love your country and look forward to its progress, we know the leaders have failed and lied and disappointed. But it’s not everything you take with negativity. Don’t let them make you that way, it’s your country bro.
While some people are reading this and thinking investment wise, the first thing a smart person should do is read and think if it’s make sense and how he can take advantage of it. That’s wisdom

what is there to look forward to and taken with positivity? is it his pessimism that is responsible for the state of things in nigeria? you are focusing on the child that is crying and have left the person that is beating the child

Jogs1900:
You are not a patriot.. Continue

how is he not a patriot? is he the cause of inflation, hardship, low standard of living and corruption in government?

HRMK:
STOP GRUMBLING!
TAKE HIM TO COURT IF NOT SATISFIED!ITS NOT EVERYONE THAT IS JOBLESS LIKE YOU!GOOD DAY!!

you are even wrong. its not the job of EFCC to probe him. how does his being a lawyer negate the question I asked: where did he see the 54m naira he said he used to start the business?

if he is a lawyer as you claim, are you not aware of civil service policy that bars civil servants from engaging in business as civil servants? does your all knowing lawyer not know that rule?

HRMK:
LEAVE THAT FOR EFCC TO PROBE!HE IS A QUALIFIED LAWYER AND KNOWS ALL THE RULES!YOU NEVER QUESTION WHERE #YESDADDY AND #NOCHICHI GOT HIS BILLIONS!YET YOU VOTED HIM!WHAT AN IRONY!!

you are even wrong. its not the job of EFCC to probe him. how does his being a lawyer negate the question I asked: where did he see the 54m naira he said he used to start the business?

if he is a lawyer as you claim, are you not aware of civil service policy that bars civil servants from engaging in business as civil servants? does your all knowing lawyer not know that rule?

Almunjid:
You're not serious.

I am more serious than you are. how does the following answer the questions I asked

Almunjid:
Ok let's say that Tinubu made mistake by appointing Mutawalle a minister. But do u think that ur preferred thief (Pāndora Obi) is a Saint? In the history of Nigeria, have we ever elected any Saint as President?
So why are Obidiōts like u who were previously agitating for "Biafra" (a land of myth) unexpectedly became more concerned than Nigerians about the credentials of the people who are presently running the affairs of a country u once said was a Zoo? Is it because of Pāndora Obi? We are afraid of voting Pāndora Obi because of the people (Biafraudulents/Obidiōts) who are promoting him. We believe u guys have ulterior motive.

who are the "you obidioots" you are talking about? why should no one be concerned about the credentials of the people who presently running the affairs of Nigeria? if you dont want anyone to be concerned about the credentials of the people who presently running the affairs of Nigeria, why then are you so concerned about a man who is presently not holding any political or public office?

is it the prayer of people "praying fervently for the failure of this nation and people in power" that is responsible for Nigeria failing and the constant failure of those in power?

who is "your preferred thief" that lost election?

the story is about Matawalle, the present minister of defence and how he is a thief. what is he doing in government as minister of defence?

are you saying that tinubu did not know that Matawalle is a corrupt man before he appointed him a minister?

what political position/office is obi presently holding in nigeria?