₦airaland Forum

nairalanda1:
No it is, because

1.The oil money isn't enough. It isn't enough

2.The article says so...most states are not making enough to cover operational costs.

See no 2 above.

At the end, the states have to make more money. And the only way they can do so is by TAXES. The alternative is more loans.,...which most Nigerians do not want, especially since loan servicing is now chopping a large bit of our oil revenue.

It's a hard choice. Taxes, or we further get into the clutches of the IMF and world bank. They both don't give free gifts.

paxx is right the solution is not more taxes. the solution is more state owned companies.

States can build massive farms and exports farm produce to make billions of $$ and can also build factories and processing facilities to get other by-products of the farm products.

FG can also build farms. but I prefer states because the indigenes will benefit more,

Oil money is more than enough if the Federal govt refineries were working and if states also had their own refineries.. I still see it as shocking that state governments especially the oil producing states don't own their own refineries..

TheSuperNerd:
If Nigeria will reach the Semis or the final of this Afcon under a Peseiro that I clearly don't rate, it would part-strongly be down to how we utilise Kelechi Iheanacho and how the lad himself impacts games with his glorious left foot and football IQ.


Take it or leave it, ladies and gentlemen but in truth, Our Afcon title quest in CIV rests on the shoulders of a few key players (in tandem with the coach's decisions per game). Kelechi "Alien Kid" Iheanacho is one of those few key players.

He's not Seniorman for nothing.

#MDAfcon23

Where is the S.E Jersey sold without the player numbers, just plain Jersey

juman:
Good.
There is this kind of place to do the sport.
But beware, dont overdo things to harm yourself or die.
I saw a handsome guy about twenty years old on wheel chair some days ago. His two legs cut from kneels.
I believed he overdid some leisure sports that caused it.

Could be accident, fighting, diabetes or sickle cell anemia that caused it.

It's not only sports that can damage bones and joints.

Angelfrost:
Just say "Nigeria attracted zero foreign investments"!


Quit calling out states as if we are operating true federalism and decentralized governments.

States can build massive farms and exports farm produce to make billions of $$ and can also build factories and processing facilities to get other by-products of the farm products.

states don't need true federalism to make billions.

bull67:
how about ogun state?

Esude007:
hmmm...I don't think it can be cultivated in south west

Kogi is in the south west. So it can grow properly in the south west

Datedoboy:
I had mentioned it in my previous post that it will get to NGN1,000 per Usd if drastic measures are not taken.

Again, I am saying it here that it will get to 2,000 before 2025 if we don't take these drastic measures.

These measures will make the Naira appreciate to at most NGN500 to a dollar in the short term and in the long term, NGN100

What are these measures? I will explain further but note that this is not about Exports.
Even if we export more than China today, the NGN will still decline further. How do i know this?

If you do your research, you will discover that Nigeria as at 2023, exported and earned more FX more than several countries and yet the currencies of these countries are stronger than the Naira.

So don't let anyone sell the idea that our economy is import dependent that is why our currency is falling. Even if we ban all imports and continue with (or increase) our current export, the Naira won't appreciate

A simple question you can answer is, when we banned rice importation, did our currency stop falling? No !!! So sit back as we take a dive to 4 policies which WILL make the Naira appreciate.

1. All domiciliary accounts must be closed.
Can a Canadian or US bank open Naira account for you? No! So why do we open Dom. Accounts for our citizens ? Now you may say what of imports? How do we pay for our goods in foreign currencies?

The answer is simple. Credit your account in Naira while your bank pays the USD or GBP equivalent on your behalf at official rate determined by CBN

2. Ban deposits and withdrawals in foreign currencies and convert all inflows including export proceeds in foreign currencies to Naira (again at official rate determined by CBN).

You don't need to stop people who sell at black market or hoard the USD. Let those who hoard the dollar keep it but once they know that after a said date, you can't deposit or hold your physical dollar, they will be forced to go to the bank to deposit it. Anyone found with physical hard currencies after the deadline, must be arrested

This policy alone will make the NGN appreciate to maximum of NGN600 after first two weeks of implementation and will mop up hidden/excess dollar in the system.

This policy will also discourage buying usd from the black market because there won't be any physical dollar to buy.

3. Increase interest rate for fixed Naira deposits to a minimum of 10%. This will encourage saving in Nigeria. Let a Naira 4 Naira scheme, replace the previous Naira 4 dollar scheme.

4. Increase interest rates on foreign currency deposits to 40% of principal amount if option 1 is not possible and convert all inflows to NGN without the option of collecting foreign currencies at the counter. You can't spend USD or GBP in Nigeria so why do you want to collect your inflows in foreign currencies?
This policy indirectly stops the black market arbitrage.

As the Government has floated the Naira, if these measures are not put in place, NGN2,000 to a dollar won't be surprising to me.

I am just a concerned Nigerian and i am open to constructive criticism.

Datedoboy:
I get your point but when i said Dom account, i had the USD , GBP, CAD in mind because we don't trade in cedis.

Second, we don't need to earn dollars for a trade to occur in usd. Countries that earn less than Nigeria in FX still trade in USD

There is a global FX market where banks can purchase usd with NGN at official rate. All we need is have a stable official rate

There is a currency market different from the local black market and in fact virtual dollar is what we need not physical USD and the banks will reconcile their nostro and vostro accounts.

If the NGN is stable, foreign investors will come. For instance, imagine a foreigner invest 1usd in Nigeria when usd was 700, he converts this usd to NGN to run the business and he makes 100NGN as profit. Only for him to convert his 800NGN(capital+profit) back to USD when he wants to repatriate his funds and his 800NGN is currently not up to his initial investment of 1usd how will he come again.

Only people that send and receive diaspora remittance or people who save their monies in USD will be happy with this constant increase in Naira.

Real foreign investors who have industries to set up, will be pissed off.

Datedoboy:
Let me answer your first question. The bank don't need to get any physical dollar. There is an international OTC FX market. The banks collect your Naira and buy dollar at that international rate and create an escrow account for your trade. Why do we have 2 rates?

Floating the Naira with a parallel market more active than before and allowing deposit and withdrawals of hard currencies is a recipe for disaster. We will head to NGN1500 per dollar soon

Let me tell you even if we stop importing fuel and all refineries are working, Naira won't go back to NGN 100 per dollar as long as we don't close these loopholes and do away with the parallel(black) market .

If u want to buy a product from china why will our banks convert to usd first ? Isn't it madness ? So many loopholes but some are dangerous due to neo colonialism to avoid sanctions but let's deal with these issues internally first.
In summary, the purchase and sales of USD and all foreign currencies must be unattractive internally first if we want the Naira to appreciate

The politicians are semi-slaves so they will continue to do what I:m:f and wo:rld b:ank says.

It doesn't matter what Nigeria does..

What you need know is money ( currency ) is the new form of slavery so the exchange rate cannot get better in Nigeria's favor.

That's one of the reasons they killed Ga:d@fi..

Renman:
Answer my question...How many Igbo dey Ibadan? We have more Yorubas in Anambra alone than Igbos in Ibadan!!!

Igbos are fleeing the SE for the SW and you believe an article lying that there are 500000 Yorubas in Anambra you must think I'm moved by media articles that spread false information same way religious books spread false information.

There are 0 Igbos in Ibadan.. if you like use this comment to spread false information.

Renman:
How many Igbo dey Ibadan? Wetin dey Ibadan. We should be talking about Lagos state and not Ibadan. Ibadan na eye sore!

If Ibadan is an eye sore then the entire SE is a dump site that's why Igbos are migrating to the SW.

BossGerald:
Zero sense confirmed

InyinyaAgbaOku:
Oga.
There are far more Igbo graduates than Yoruba ones.
You no dey look stats? It reflects on the quality of education you receive
You don't have any facts to back anything you say even

How can land mass determine which area is more developed?
Yet Ibadan is a village ?

If Ibadan or any part of the SW is a village then Igbos and other Nigerians won't be migrating to Ibadan and the SW as if it's the U:S:A or F:rance and as if the SW is using a different currency from the rest of Nigeria.

If SW was a village 60 years even when a lot of the development in 2023 had not happened then Azikiwe won't have been trying to become premier of the SW.

BossGerald:
So that means oyo is more developed than lagos since they have more university graduates and landmass??

Even more developed than Accra Ghana since it also has more universities and bigger in landmass??

Is that not ur logic

Yes that is the logic.

Yes Oyo is more developed than Lagos and Accra.

BossGerald:
Since according to you oyo is more developed than se because its bigger in size, niger state should be more developed than Ibadan, Nigeria more than dubai,Israel and Singapore since its bigger.

Why are you talking nonsense now??

Oyo is more developed than SE due to the number of university educated graduates they have and the landmass they occupy.

Niger state does not have the number of university educated graduates that both Oyo and se have so it can only be more developed in terms of agriculture and other extractive businesses.

InyinyaAgbaOku:
So, you see it's not about size but what you have ?

Just telling you that being more populous than SE doesn't mean more developed .
Nobody asked your poor people to breed like rats

More populous with more university educated people means more developed.

BossGerald:
You don't even know how to argue sensibly.

What's the size of niger state?? Does it mean its more developed than Ibadan too??

Is Nigeria more developed than Israel, dubai etc??

Oyo state is fertile land all round. Has more university educated people than Niger, more farmers e.t.c

It means Niger state has potential to be more developed than Ibadan.

Is:rael is backed by u:s:a.
Dubai is backed by oil with small population of 30,000 to 50,000 indigenes to care for.

Bestmanfornow:
Otondo not by landmass Oyo is very backward,Niger state is 76,363 km² so because of the size is most developed Lagos is smallest by landmass but with highest population, Oyo is big for nothing Ibadan is just like dot in wasted land, Anambra which is densely populated is far bigger than Ibadan

Anambra is a state while Ibadan is a capital of Oyo state.

It is foolish to compare a state to a capital and that proves that Ibadan is far better than the whole of Anambra.

Oyo also has space for agriculture and most farm products in Lagos come from Oyo and other SW states.

Niger state does not have the same fertile soil that Oyo has all round so you can't compare Niger state and Oyo state.

InyinyaAgbaOku:
Israel is smaller and less populous than Oyo state, take it from there.
Same as Luxembourg.

Is:rael is backed and funded by the U:S:A. The same way the u:s is currently giving billions to UK:Raine is the same way is:rael has been receiving billions from the U:s since it's creation.

Luxembourg is backed by e:u.

Those countries will be nothing without the u:s and e:u

InyinyaAgbaOku:
Radio station ?
How many are in Onitsha? You don't know?

Ma radio station dem dey even use know development? How many radio stations are in Glasgow where I stay? E be like say your head dey touch.

What is radio station compared to the biggest markets in West Africa and the heavily industrialised city? Onitsha has far more banks and cash deposits than Ibadan will ever have in 200 years. Ibadan wey be 87 percent dilapidated houses and eyesore buildings. Compare your Ibadan to ekiti and leave Igboland out of it

You and Bestmanfornow are not serious..

do not compare Oyo and Anambra again.

Oyo state is far bigger and better than Anambra due to it's size.

Even TruthsFM is m:ad for putting Anambra and Oyo in the same sentence.

Oyo state is more developed than Lagos State but you won't notice it due to the size of Oyo.

Oyo State is 28,454km

Anambra is 4,844km
Enugu is 7161km
Imo is 5530km
Abia is 6320km
Ebonyi is 6400

4844 + 7161 + 5530 + 6320 + 6400 = 30255km

fadilaMaikiriki:
Yes, I do experience this. I mean the blood coming out from my anus when I use the toilet. Didn't know the milk is responsible for this.

It's the sugar the manufacturer used in making the milk that's affecting you same way there's sugar in Coca-Cola, Pepsi e.t.c. there's also sugar in milk, bread, biscuits, chocolates e.t.c.

There's no sugar in stew, pepper, jollof rice e.t.c but it affects the an*s by causing the organs there to swell and blocks the passage which the p**p is meant to pass which makes it difficult to p**p thereby making the person to force the p**p out and rupturing the swollen organs which block the passage of the p**p leading to bleeding in the an*s.

But the swelling will always be there as long as you take milk, sugar, stew and their by-products.

So for your long life and prosperity stop taking milk, sugar, bread, stew, jollof rice e.t.c

fadilaMaikiriki:
Whenever I take milk, I tend to fart uncontrollably, like non-stop farting.

Thanks.

You're milk intolerant.

People who are milk intolerant should stop drinking milk and anything made from or with milk.

People who are milk intolerant also suffer from pile ( blood coming out an*s while purging ) due to taking too much sugar.

You must stop milk, sugar, bread, stew, drinks that have sugar, pepper, suya e.t.c

ruggedtimi:
omo na u know wetin u dey talk and i seriously dont understand what u are saying....Bt i m quoting base on the book u claimed is fictional. On the journal mr blaike had an ecounter with young jaja and king Jumbo of Bonny. Young AJayi crowther was an escort to mr blaike on his steam boat....Where is the fiction here.

The book here is the fiction.

You can't understand what I'm saying because you limit your knowledge to other people's books and opinions.

ruggedtimi:
if is a fictional story then u mean king jaja of opobo,ajayi crowther and Pepple/king Jumbo of Bonny were all fictional characters.

Trans-atlantic slave trade is different from colonialism which is forced military occupation of a place.

Trans-atlantic slave trade never happened. Colonialism happened and colonialism is proof that they were not interested in trading with us and never traded with us.

The people you mentioned were attacked and their towns were burnt except Ajayi Crowther who was a black person from another country who they gave a Yoruba name to deceive Yoruba people.

In 2023, Whyte people maltreat and kill black people at the slightest opportunity.

Do you think that between the years 1600 - 1830 when racism was at it's highest and when black Americans were already in slavery do you think that they will trade with black people who were the same race and very similar to black Americans whom they had already enslaved long before they invaded Africa

Meliforme:
Making a name for oneself means creating a reputation for oneself.
Players create reputation through performance.

What kind of quotes were you expecting.
Quotes from journalists or newspaper columns will be deemed subjective.

Below is an image (a screenshot) made from Fotmob showing players ranked according to the number of chances created. This is purely an objective representation, not subjective.

Nwakali is still a rookie in the Portuguese league.

Nwakali is not a rookie.

He has least 8 years experience as a professional footballer.

A rookie is someone who just started a job and is still in their 1st year of work without previous work experience.

So please stop saying rubbish and talking down Nigeria players that are doing well.

Weathered:
says the dangerous human stain who calls himself codemaniac .

All the documented slave trade route, the voyage of royal Niger company that explores the coast of Nigeria.

You failed geography, failed history and you dare make Nairaland the bedrock of your illiteracy and interrupted education.

You're the armpit of humanity. A curse to the digital community and a pariah to your generation.

You should never have existed.

Son of the doomed!

You're the dangerous human stain who does not have a brain if his own.

All the documented slave trade route, the voyage of royal Niger company that explores the coast of Nigeria are lies and fake.

You're a failure and you've made Nairaland the bedrock of your mis-education.

You're a curse to your family and yourself.

You should have never existed.

You're the son of failures.

TheGoodJoe:

Kelechi Nwakali could easily have put on a far better performance if the Chaves players could have had better quality. There were two killer passes Kelechi Nwakali gave Sanca that he just refused to pursue. There was a long cross pass he gave Langa that he funnily failed to control. That overhead long ball pass (the big chance created), was criminal of Paulo Victor to fail to control. The free kick that one of the players failed to connect was made.

With a better frontline, Nwakali could easily pull some insane stats. I hope he gets to play in a good side soon.

The team with a better front line and good side for Nwakali is called "Super Eagles".

But the NFF and the coaches filled with fo:olish people won't invite him as if the midfielders they invite won't get tired and need to be subbed off.

Reflect7:
This guy is a friggin idiot.

The Europeans did not sail to West Africa?

Because they could have simply traveled from Europe to Algeria and climbed on a donkey for a gruelling three weeks journey through the FCKING SAHARA DESERT to get to Nigeria?

How did they conduct trade, or you don’t know they traded heavily with Benin, Oyo, Ashantis and other coastal West Africans?

What an embarrassment of a person.

Complete historical illiterate.

I suppose the trans-Atlantic slave trade never happened either, since Europeans didn’t sail to West Africa.

Please, what school did you attend?

You're an idiot.

They never sailed to West Africa.

They never traded with Africans..

You're an abomination and disgrace of a person.

You're a complete illiterate slave.

At least, you were wise enough to decode the idea that the trans-atlantic slave trade never happened and is another fictional story from the eu:ropeans. But since you're suffering from colonial and slave mentality you can never accept the idea.

Go and return your certificate because the schools you attended only made you a better slave and did not teach you how to think beyond what eu:ropeans have written and claimed.

Eu:ropeans in that era can't trade with people they enjoy killing and enslaving.

You're very mis-educated and they gave you a degree for your mis-education

Reflect7:
Nobody said there were no doors in Africa, you loud cretin.

I said it was customary in Nigeria to build houses without FRONT doors.

Do you know what a FRONT door is?

You dull cretin do you know there were wild animals, thieves, insects e.t.c and it will be stupid not to put doors in houses..

It wasn't customary in Nigeria to build without doors..

You're a dullard

Reflect7:
You are obviously a school dropout to type this.

No, you Ill-exposed dullard, the Guardian Newspaper UK editorial board does not indulge in publishing “fake drawing and fake story” to its millions of readers and shareholders across the world.

It’s also tragic that you feel so inferior to the point that you regard any positive report from your history - even from foreigners - as ‘fake’.

Hope you don’t pass your terrible inferiority complex to your kids.

You're the one who feels extremely inferior to the point that you read and believe eu:ropeans version of history.

You're an educated illiterate suffering from slave mentality.

You think eu:ropeans who have always loved killing black people will sit and draw the kind of houses black people where living in You must be insane.

Weathered:
maybe you can't differentiate between door and doorway

Weathered:
you are a very bold but dangerous illiterate.

You're the bold, foolish and dangerous illiterate.

Reflect7:
This is a 19th century British colonial drawing claiming an execution in Benin City, and showing its houses with no front doors:

https://i.pinimg.com/564x/7a/90/71/7a9071108f5bbacf4fb041af34927835.jpg

As the UK Guardian Newspaper reports,

''When the Portuguese first “discovered” Benin City in 1485, they were stunned to find this vast kingdom made of hundreds of interlocked cities and villages in the middle of the African jungle. They called it the “Great City of Benin”.... Indeed, they classified Benin City as one of the most beautiful and best planned cities in the world.

In 1691, the Portuguese ship captain Lourenco Pinto observed: “Great Benin, where the king resides, is larger than Lisbon; all the streets run straight and as far as the eye can see. The houses are large, especially that of the king, which is richly decorated and has fine columns. The city is wealthy and industrious. It is so well governed that theft is unknown and the people live in such security that they have no doors to their houses.”

In contrast, London at the same time is described by Bruce Holsinger, professor of English at the University of Virginia, as being a city of “thievery, prostitution, murder, bribery and a thriving black market made the medieval city ripe for exploitation by those with a skill for the quick blade or picking a pocket”.''

https://www.theguardian.com/cities/2016/mar/18/story-of-cities-5-benin-city-edo-nigeria-mighty-medieval-capital-lost-without-trace

Fake drawing and fake story.

You're forgetting that it's eu:ropeans that created ho:llywood which is all about creating fictional stories and drawings.

In the past when there was no video or cameras.. it was drawings, stories and written text that was used to tell fictional stories.

ruggedtimi:
go and read "Narrative of an exploring voyage up the rivers Kwóra and Bínue" by william balfour baikie

That's a fictional story.

If there were no doors in houses in Africa then there won't be indigenous words for door in the indigenous languages.

Why would Eu:ropeans sail through the oceans when they could just land in Morocco, Tunisia, Algeria e.t.c or whatever those countries were called then and head downwards to West Africa.

No eu:ropean sailed to West Africa.

You better stop believing their fictional stories and fictional books they are fake stories.

Quintessence44:
You're right.

By the way, we have the same gates and fences in ex-European colonies of the southern hemisphere like Nigeria and India, because that was how the colonialists built their homes to protect themselves from the masses. When they left, the elite of these nations continued the same pattern and mindset of protection from the masses..

BEFORE colonial rule, we know that houses were built in Nigeria without even front doors, never mind gates. Dutch and Portuguese visitors to 15th century Benin city recorded this in their numerous accounts. The idea of somebody entering your house to steal or rob you was unheard of before the colonial invasions.

ruggedtimi:
True....An English sailor to nigeria in the 18th century made this remark. The houses were left wide open with no doors and fence.

Thats a Big lie. Houses always had doors in Africa.

Col:onialists houses didn't have fences some of them used small or short trees as fences they never used cement as fences.

Stop spreading lies about things you don't know.

SmartPolician:
I think it has to do with mentality.

Every house in Nigeria is fenced but many banks don't even have fence.

So, I don't think it's about security. I think it's about a warped mentality and following a trend.

Will that yeye fence stop armed robbers from trespassing?

It's about privacy.

The fence prevents people from entering your compound, turning your compound into waste dumpsite, turning it into illegal toilet. e.t.c.

You and Raydos are not wise.

Raydos:
Why are Most buildings in Nigeria especially commercial towers fenced off?

From the Downtown of Lagos, To The most Affluent areas of Abuja, They all have something in Common, All the Skyscrapers are all fenced off and not open to the public!

This make the city look ugly, In modern society, Skyscrapers down floors are rented out for restaurant, Boutiques, e.t.c, Which makes window-shopping possible!

Photo 1: Madina towers, Lagos

Photo 2: Eko hotel towers, Lagos

Stop saying nonsense..

Those areas are commercial areas with apartments and not residential areas.

Billionaires and millionaires abroad also fence their houses.

The Nigerian cities with fences are more beautiful than eu:ropean cities without fences.