₦airaland Forum

Yeye story.

Instead of creating enabling environment, he is challenging the graduates to overcome the environmental hurdles themselves. No capital given them. No free skill schemes. Poor power and security.
Just embrace the life ahead.

Lol. Renewed hope still.

Lol..

Bliss62:



Tinubu would Nationalize BRT slowly and Metro

That is his plan
.

I am sure Tinubu too is why states can't pay minimum wage. If you hjack their success for Tinubu, let me also add their failings to the package.

If Niger can afford 200 CNG vehicle, I expect nothing less than 1500 units of such buses from each of Bayelsa, Delta, Lagos and Kano.

Today Kazakhstan tomorrow Uganda.

While Buhari was a terror and no saint, under him lots of Nigerians got N500k in their accounts directly.

Lol... Wahala for pricetag addicts.

gssdobi:
I suggest that, instead of returning it only for it to be re looted .
why not them minus it from our international Debts?

They simply borrow more and loot.

Badbbelle is ravaging you OP.

Kerosene children of hate may start shouting "please come back to Nigeria".

It is your head that flopped.

$14B from India.
$20B from Saudi Arabia.

Yet no traceable investments or improvement. Yahoo yahoo regime.

We are in a dictatorship regime. Stay clear!

Gajagojo:
do you have a point of are you seeking attention?

Check this out:

https://punchng.com/tinubu-to-buhari-print-more-naira-notes-suspend-vat/

https://www.nairaland.com/7316873/throwback-tinubu-telling-fg-print

Gajagojo:
A very significant issue is the illegal printing of money by the CBN leading to unprecedented supply of Naira which Emefiele tried to hide with his so called mopping up and cashless policy
The supply of Naira is the issue . Money printing=Emefiele

Even your current aso rock occupier once suggested that money be printed to Buhari.

N1130 to a dollar. Emefiele has been vindicated.

Nigerians and activity.

Nigerians should hold him accountable and insist he delivers.

Lol. Looks so bulky.

N1000 now.

Holiness2100:
Portugal president roasts the Palestinian ambassador who complains about Israel's attacks:

“The Palestinian side started it. You can't blame Israel, you shouldn't have started it.”

Amir T

he refused to judge a reaction. Instead the reaction was weighted against the action that triggered it.

Nonsense.

According to God's own advise, "seedtime and harvest time no suppose cease".

Gilgil:
1. Dangote will buy his crude in dollars and sell his refined products in dollars.

2. The Naira equivalent of the dollars will be the price of the refined products and it will be high in Naira.

3. Dangote would prefer selling his refined products in international markets for top dollar and potentially give Nigeria a 10-15% quota.

4. The only savings for Nigeria with Dangote is in shipping and clearing costs we currently see with imported refined products. But again, our roads are bad, no railtrack and waterways for cargo transport, and so the difference in logistics costs will be minimal compared to current situation

the phrase "top dollar" doest connote dollar being the currency to be paid. It translates roughly to "higher/highest bidder".
If he insists on dollar, then that means he must put his products up for sale on Intl market. I wonder why he didn't do that when he needed dollar to build his refinery. He should have taken his cement, spaghetti, sugar, flour, trucks, and noodles to Intl market to sell and earn dollar instead of running to the govt.

Neckpresser101:
Is dangote willing to receive payment in Naira?

what else will he receive from Nigerians if not Naira?

donmaxman:
You know nothing about exchange rate. This will not stand the test of time. Imagine borrowing 10 billion dollars to salvage the naira. What happens after the money finishes? The debt would have to be paid back with interest in dollars. The only sustainable way to grow the naira value is by production and not by voodo economics or by foreign direct inflow. FDI is almost zero for now. No investor takes Nigeria serious anymore. The currency is unpredictable. The diaspora remittances that use to come through western union and money gram and prop up the naira has dried up because the Nigerian banks were taking our dollars and giving our family naira at CBN fixed route. Now no one routes money through that means instead foreign apps collect the forex and credit your naira account from their Nigerian account at the black rates shutting out CBN and making Nigeria lose completely. Emfiele realized this and tried to attract the diaspora earnings but the damage and trust has been broken forever and this heavily impacted on the naira value. Nigeria will have to fork out more dollars in the future to pay the 51 billion dollars foreign debt. Don't be fooled by this gimmick, the foreign reserves have been depleted. Crude oil earnings have depleted. Nigeria is competing in the same market with the USA and Canada to sell crude. Most of us in the diaspora are thinking of selling off our investment in Nigeria and repatriating the funds to safer clime because we know your naira is useless. Imagine a former president printing 72 trillion naira without national assembly approval and without consequences . Can you invest in that kind of country? Bro forget naira is almost toilet paper or monopoly money. No body that is wise stores his wealth in naira. Pressure for forex is far more than the income. My only regret was even having some of pension and assets in naira. Forget Naira!!!

Dangote will fire and save us from petrol importation. That means dollar demand is about to drastically drop. It now depends on what uncle Yekini's govt does with the dollar Dangote affords them. You projected well but there are some changes on the horizon that can change all of that.

Dittodat:
As long as the debt is used judiciously to serve the need of the people then it's perfectly OK.
Do you know how roads and other infrastructures are built even in the US? Most are done via land and debts some are in form of direct loans from banks but most are in form of bonds which are also loans that have to be paid back by the people through the govt over the years.
The city of Atlanta, the state of Georgia and many counties are always issuing new binds to finance new capital projects. These bonds will be paid back over the years.
The US govt is the most indebted govy on Earth by a very wide margin. No one is even close.

you dodged my question.

Dittodat:
Debt is not a bad thing as long as it's been used judiciously.
The biggest companies in the world have debt.
No country on Earth has much debt as the US but it must be used to serve the people.

and who will repay the debt? Those served by it or those not served?