₦airaland Forum

This tribal bigot Sam omatseye should know that period of politicking is over. We're now talking about governance and the mess Tinubu has dragged Nigeria economy into. The tribalist Omatseye should write about inflation in Nigeria and the fact that Nigeria has gone back to the days of being without light for one month. B4 I forget, a litre of cooking gas is 1300-1400 Naira. What's Tinubu doing about it? He wants Nigerians to go back to using firewood and charcoal?

nairalandkachy1:
https://www.google.com/amp/s/thenationonlineng.net/beating-all-odds/amp/

Blaming emefiele about all these is hog wash and senseless. Emefiele didn't stop subsidy payment without plan nor float the naira.
Stop deceiving yourself.

GeneralDae:
The problem we have today is that our net reserves are low. For many years, Emiefele was able to hide this fact by not exposing the CBN books fully. So we only knew our Gross reserves at around 37 Billion dollars then but no one knew our net reserves.

With poor net reserves, we had no choice but to devalue as we were only postponing the rainy day. Emiefele probably hoped that the Dangote refinery would come onstream soon to provide the needed FX.

When Asiwaju came on board and he devalued fast, there was only a little hike in interest rate and Tinubu gave the idea that a lower interest rate was more preferable. This may have sent mixed signals to foreign portfolio investors and so from July, they didn't bring in the dollars like they used to. Add to that the revelation of the CBN books as well as the report by JP Morgan that our net reserves were just a mere 3 Billion dollars. This 3 Billion dollars makes sense and shows why we couldn't pay a 7 Billion dollars backlog.

Markets hate uncertainty and so investments continued to reduce. Speculators also now began to suspect the CBN was powerless to defend the naira. Added to that, the CBN was not settled and only had an interim leader. With all of these, the naira was definitely bound to fall further throughout 2023.

All of what Cardoso is doing now, if he had began with them December, maybe the naira would not have gone past 1300. But again, Cardoso is focused on clearing the backlogs and MPC meeting was going to hold so late (in February).

So to answer your question, I would say I agree that it may not have been sustainable.

As if Goldman sach didn't talk and made us to believe that things would be better during buhari admin. Are things better now? Any economics that doesn't reflect on the people is a bad economic policy.

ElSudani:
Goldman Sachs is talking economics and one village Obidient is talking too.

As in waxing stronger inl impovershing Nigerians?

frankson1:
They are not happy because Mr. President is waxing stronger each day and their expectations for him has been defeated.

As in waxing stronger in bringing poverty into the country?

frankson1:
They are not happy because Mr. President is waxing stronger each day and their expectations for him has been defeated.

You're getting things cheap bcs you're using your APC card. If others use theirs, 5k a month will be enough for them. I understand you.

Domaining101:
This is a very big lie please, where do you guys get such info? I earning 25k a month as a single bachelor in Lagos and that is enough to carter for all my needs including light bill, fuel, food, clothing e.t.c, let alone 100k.. I think alot of Nigerians are just over exaggerating the situation of thing, just trying to making things look as if it's extremely terrible

This your Obi would have been worst doesn't make sense at all or does it make sense to you people saying it?

alizma:
For some of you that think one single individual can fix Nigeria, this is an eye opener. A lot of trusted people that are appointed by some of these presidents, betrayed them. GEJ got to know of certain unbelievable transactions under his watch after he left office, including the ones his wife did, Buhari is just getting to hear some news that will shocked him beyond his imagination, Tinubu is not likely going to be an exception but Obi would have been the worse. He would have been busy monitoring the drivers at filling stations while mega stealing would have been going on. Governance at federal level no be child's play

What a wonderful news. A bag of rice rice is now 10k bcs of this wonderful newsl!!! This ngelale told us this about pmb for 8 yrs still nothing came out of it, instead Nigeria is getting worse. Now he has switched sides and still repeating d same thing he did in PMB tenure.
Looks like ngalele doesn't know what he's doing. He keep on lying to himself thinking he's deceiving d ppl nt knowing he's deceiving himself. He should go and tell this to naira so that it will turn to 200 naira for a dollar as they met it. Ngalele is a shameless liar. Another version of liar Mohammed.

dre11:
https://www.vanguardngr.com/2024/03/tinubus-workaholic-he-goes-to-bed-at-2-3am-every-day-ajuri-ngelale/

By now tinubu has known he's not a match for Obi.

bolajisunday:
Aaah!
That's out of point

Oju jina simu.

Tinubu and Obi?
Obi knows quite he'sn't a match for Tinubu.

But you're free to elect a president that doesn't know anything bcs he's from your tribe, right? Believe it or not, if u elect saints in all the positions u mentioned but elect an empty vessel that licks micro phone like tinubu, his economic policy will mess up everything the saints u elected will try to do. Presidency comes first b4 all these ppl, believe it or not.

Asonaijaaso:
Good Job.
Looting is never the answer.
Next time elect senators and house of reps that will make laws to favor you and protect your interests.
Elect governors that wont see you starving
Elect LG chairmen who would come to your aid.

Once you dont elect leaders who will assist, you cant come and be looting
Looting is still a criminal offence.

If your wife doesn't sleep with you, it doesn't justify going out to rape another woman.

Balablu to rule Nigeria till thy kingdom come.
We all must get sense by force. Tribalism is worst than cancer.

politicoNG:
Indomie jumps from N8,500 to N18,000; groundnut oil N7,000 to N11,000; bag of Irish potatoes N25,000 to N40,000


https://gazettengr.com/indomie-jumps-from-n8500-to-n18000-groundnut-oil-n7000-to-n11000-bag-of-irish-potatoes-n25000-to-n40000/?fbclid=IwAR0x9rUYWnB7XDsinydVExaO_tgUpEFP7rslo3T_N0k9o6GzrkSheSt2v9E

If you didn't know, better know it now that a leader leads while the followers follows. People rejoices when d righteous is in authority but people gnash their teeth when the wicked is in authority. Retailers actions are based on what they see from the govt in power. Govt body languages maters. 2ndly retailers jacked up their prices bcs of government policy. They don't just jack up their prices bro. Tinubu first removed subsidy and fuel became expensive. Almost the same time he floated the naira. U expect retailers to sell without making any profit? U ppl shld stop shifting blames absolving Tinubu. He caused all these!!!!

epainos:
So all the retailers jacking up prices are caused by the leaders. Right? Policemen, Custom, Immigration, etc taking bribes are caused by the leaders. You u sef that is here...if you have the opportunity, you will steal. Na the leaders. Right?

Dey play. Yes, tribalism is a factor i did not include, but bad leadership? Dey play. From the leaders to slaves in Nigeria...they are all messed up.

Tribalism is to too bad. Look at what PO said:
I am not desperate to be president, I am desperate to make Nigeria work,” Obi stated while adding that young Nigerians should be productively engaged in order to eliminate poverty and crime,” Obi said.

The former Anambra State governor also said it was a shame for Ukraine, a war-torn country, to donate grains to Nigeria when Niger State alone can feed the whole of Africa. What crime did PO commit that you people are crucifying him? .

Slytiger:
It means Peter Obi the agulu messiah is daft for trying to misinform Nigerians for cheap political gains.

Who did you people blame during GEJ admin? Tribalism has destroyed this country. You people now blame ordinary Nigerians for the mess tinubu economic policy put us into but you people protested and blamed GEJ for the same offence during his tenure. What a shame!!!

Twy:
It is the situation because people are greedy. The policies can stimulate local production but greed has entered. You could but onsorted local rice for 38k in Kaduna in December 2023 what has changed between three months. People mopped up the produce to store in anticipation of hiking it.

And you believe him as if there is no subsidy in his country? Is he saying the govt of this country is not paying subsidy on any product in his country?

Christistruth00:


A British Diplomat has explained why Fuel Subsidy had to go better than even the FG did.

Oga Nigeria's problems are tribalism and bad leadership simple.

epainos:
The only thing the common man knows is wetin he go chop. Check out those previous useless posts in this thread.

This man got it right. Note...he said we must tackle corruption. He even gave a signal of why he won't invest in Nigeria. Read this article again. The common man is less concerned about this cos he is illiterate. All he wants is food. Lol. IBB, Abacha, OBJ, Yaradua, Jonathan and Buhari all gave you food, but they destroyed everything. Only top boys gain from it. Lol. That subsidy the common man wants to force when corruption is still there is what is killing us.

Bola Tinubu is a rogue, and he cannot also fix this problem. And please, don't tell me Obi or Atiku can because they are rogues too.

We must pay for the debts and all the stolen money. We must, and that is what we are doing now. However, they are still stealing it, so this suffering is for nothing.

See...Naija go cast one day. It is a prophecy that will come to pass. A loaf of bread will be over N100k sef. That time our eyes go clear that corruption, illiteracy and overpopulation are the monsters we have to defeat.

No the most foolish ignorant people in Nigeria today are those that still supports a man that want to wipe them out with hunger. 1 dollar is equals to 1700 naira today. A bag of rice is 80k today. Cooking gas is 1300 for a litre and you lot are still supporting a man destroying the country and your life while he, his family members and cronies are living in opulence. What a shame!!!! Insulting Obl will never make the price of bag of rice to come down or reduce the price of cooking gas.

77up:
The most foolish ignorant in Nigeria today is Obidi.ents. How they many to fall flat to whatever rubbish that nigga say is misery, even the educated ones among them.

Blame or call PO all the names in d world you like, he's not the one that brought hunger in d country. Tinubu is the one that brought hunger but u prefer going hungry than blaming him, Instead u prefer calling PO names. You're shameless. A bag of rice is now 80k and your people are queing up receiving cain just to collect a tuber of yam. What a shame!!! You cant even criticize your brother that brought all these hungry into the country. [lquote author=GoodLife4live post=128779201]you are going off beat... You are not different from that Agulu Dullard... You guys and lies are like 5 and 6...

Nigeria govt didn't beg for anything from Ukraine....

What we got is united nations initiative for vulnerable people in war zone of northeastern nigeria... We are not talking about hw some countries subsidizing bread or petroleum for their people....

Your political scammer.... political bigot... Terrorist patron , pathological liar and political prostitute from dilapidated kingdom from particular zone of the country is a confirmed dullard.... dis had exposed him more...
We need more of his misfiring...

I know it is only his bigotry people buying and supporting his delusionalism.... we love that...

2027 we will retire him... Or tell him to wait till 2039[/quote]

Coming from economist sunboy. What if it remain the same or get better, what will happen?

sunboy:
Don’t be an ignorant, value of money in 2015 will not be the same in 2024. I don’t know what part of common sense you people didn’t manage to get before commenting.

Quit dreaming, buhari is better than tinubu.

zionstaar75:
even a goat can do better than Buhari. If it was not a sound person that took over from Buhari Nigeria would have been in recession by now. I can bet that by December Nigeria will be much better. I can bet up to 1 million anybodies

And tinubu is a president? I'm not a fan of GEJ but he's too far better than tinubu. I don't care if you believe that or not bcs that's the truth and simple fact.

allthingsgood:
My dear go and sleep.
Jonathan was not even a President

This is an example of competence to asslickers!!!

Easybet1:
1 dollar == ₦1,560

And all these travels has reduced the price of rice to 10k? Use your brain for once.

FreeStuffsNG:
Hectic schedule. That's what high performers go through and he didn't start such schedule when he became the President. It's right from the formative years.

It's actually Abuja to Ondo to Lagos to Doha: all for Nigeria.

God bless President Bola Ahmed Tinubu and may God bless Nigeria for ever! Check my signature for free stuffs!

Na lawyer ooo he'll lock you up if u critisize him. A lawyer is appointed as power minister instead of an engineer to deal with anyone that complains of poor power supply so beware!!!

Khrownfit:
This is the worst minister of power I have ever witnessed in the history of Nigeria, I have never seen our power sector so useless as this

Na Abia you see here or Jigawa? Read to understand

proff010:
I thought hunger no reach igbo land. Abi Abia na SW?

Nonsense and ingredients.

Watianoengineer:
Still reasonable, if Peter Obi had won, this portion of fufu would likely sell for 300 due to his inexperience in handling the economy. May God bless president Bola Tinubu and give him strength to fulfill his renewed hope agenda. It shall end in praise and we shall all smile at the end of these reforms. This renewed Hope will Favor me and my Family. Amen

A banker now a power minister and it's OK to you people? So we don't have engineers in Yoruba land again as we all know we've moved from Fulani nation to Yoruba nation.

Ray369:
The Hausa Fulani are too selfish and all they know is to petition other tribes holding higher position in office ,Firstly the fraud was committed before Adelabu assumed office so he has nothing to do with and in order for him to progress and achieve he has to ingore it and focus on his own goals. Moreso when the former Aviation Minister committed a gravious crime in fake purchasing of a jet owned by Ethiopian Airlines for Nigeria which he embezzled all the money ..where was the so called Zetsi? As for me they are too sentimental...What they did for Betta Edu was because she wasn't watching her guard enough and they can't do it to Adelabu, remember he was once the deputy governor as CBN, he has a good base and team working with him ..Zetsi.. Mechonu!!!

Does it mean that you people didn't see where it's written that some people were sacrificed for the fraud? So u want the innocent to keep on suffering the sin of the evil ones? If they don't want to investigate the fraud, those innocent workers sacked should be reinstated ASAP. after all we don't expect this government to fight corruption or do you? Paddy paddy govt doesn't care about corruption naaa!!!

Ray369:
The Hausa Fulani are too selfish and all they know is to petition other tribes holding higher position in office ,Firstly the fraud was committed before Adelabu assumed office so he has nothing to do with and in order for him to progress and achieve he has to ingore it and focus on his own goals. Moreso when the former Aviation Minister committed a gravious crime in fake purchasing of a jet owned by Ethiopian Airlines for Nigeria which he embezzled all the money ..where was the so called Zetsi? As for me they are too sentimental...What they did for Betta Edu was because she wasn't watching her guard enough and they can't do it to Adelabu, remember he was once the deputy governor as CBN, he has a good base and team working with him ..Zetsi.. Mechonu!!!

Dey lie dey go ooooo?

Godsonkemz:
Onitsha landlords don't care about safety of their occupants.
A month ago when I visited the market, it amazed me how trader went about their businesses in a poorly constructed and incomplete structure. I noticed so many faults when I walked inside of the market and the continuous vibration coming from road construction.
I'm not surprised because in Onitsha we are only concerned about business even at the detriment of human safety.

Talking for talking sake.

Judolisco:
Make dem free gowon na.... Ojukwu led his people to a war unprepared and ran away after he has been defeated.... Gowon made efforts to rebuild back the country,one of his initiatives was the 3Rs program, Reconstruction, Rehabilitation, and Reconciliation....one of his structures is d NYSC which is still standing today....


Instead of blaming ojukwu that led men that had little or no training to a war against men that were trained by the whites, u guys are busy blaming gowon....

The poster should be blamed not the people.

Themandator:
It is you that doesn't even understand the simple statement.


To subsidise your ignorance the reports says the rate as at the date you as importer submitted your M form that is the rate that will continue for you until you receive your goods in your warehouses.


In other words, if the rate was 1600 on that date and the day you receive your goods it has climbed to 3000 what applies to you is 1600