₦airaland Forum

Areas overcrowded by those people indigenes need.

Empty challenge. Even a 10 y/o knows what's up.

We can achieve such figures but the elites always want to own things and be in a position to make huge profits off the masses. I have a thread about what some renewable power projects cost and don't see what stops us from having such if not for this greedy capitalist pattern.

Congrats to her and we should expect more of this after student loan kicks off.

And how do you explain the industries in Oyo state and around Ibadan to be specific?

This whole insecurity drama being staged needs to end if things will get better in Agriculture and the north.
Things like this will discourage some farmers and increase the cost of production for those who remain in business as ransom and levies will have to be paid and then transfered unto the final consumers.

grandstar:
For FDI to really boom in your country, (if its not in areas of supermarkets etc) is that it should be tailored towards exports. In Nigeria, government instead focuses is self sufficiency which really is the very opposite. FD investors are not swayed by import bans. None flooded Nigeria when cement importation was banned. FDI tends to go to areas you have comparative advantage. They need a competitive base to produce for exports.

Export isn't opposite of self sufficiency but complementary to it when sufficiency is attained. One has to be fulfilled before the other becomes desirable.
It could be a case of comparative advantage in an area of production due to available raw materials and cheap production inputs.
Take cocoa/chocolate or tigernut for example, Nigeria has them in good quantity and competitive prices yet don't consume so much in these area, a company dealing in their finished product can then consider Nigeria due to this comparative advantage and start local production with a focus on export in view.

One factor against us in this is poor power supply and its high cost. Imagine if power supply and security was good, cheap labour and raw naterials is there. Any company looking to take global lead in these are can then relocate here and start production with export of finished products in view.

Aren't they suppose to independent?
Just carrying a huge name for nothing.

Lol...made sense.

Giant of corruption.

In reality of life issues, one is superior in constitution and law, the other is superior to the point it doesn't permit the first.

This will make Africa care less about Ukraine's supply of food and Ukraine's welfare. Putin knows what he is doing. If I was in charge, I will demand 100 times that volume just to milk the desperate dictator.

Emefiele who is cooperating with the DSS claimed that Bawa was the one who raised a memo to former President Muhammadu Buhari, asking that the Naira should be redesigned to stem money laundering during the 2023 election,” a top source revealed.

“Bawa confronted him that he (Emefiele) and the former Attorney-General of the Federation, Malami were the ones that came to him to raise the memo because they suspected Tinubu had warehouses stuffed with naira notes,” the source added.

If I say aboki and incompetence, they may say slur and ban me.

The Bawa of a guy is not serious at all. If Malami and Emefiele had come to him that Hushpuppi has notes stashed somewhere, will Naira redesign have been his suggestion?
Next time, you don't burn down a house to catch a rat.

zomby:
Who is Jonathan

You have to be senseless to attempt to bring up Jonathan’s name when we are talking about president Bola Ahmed Tinubu.

Are you ok?

the first paragraph contradicts the second one.

Everybody is pretending the bought theirs for N750/$. Shithole nation.

Expected they say.

plrvipclub:
I think the "Back Logs" that they kept talking about and rightly so, are monies of foreign companies (eg airlines) that are stuck in the Nigerian economy sue to the policies of the Geniuses Emefiele and Buhari. Nothing is enough to ensure confidence from foreign investors, except knowing that they can easily cash out their gains.

Please I want to be enlightened about how Emefiele's policies trapped their money in Nigeria.

Same ex-militant Jonathan was accused of hobnobbing with is whom Tinubu is meeting and Buhari even gave multi billion naira contract. Na wa o.

inoki247:
Ehn ehn....



This how things is supposed to be done not having some shady rate that some people will goan be collecting at the back at cheap rate and be reselling at high rate....

the issue with collapsing initiative with advantages because of round trippers is that the round trippers will always look for new avenue to express their cataclysmic tendencies.

This is good but the breakfast should go round or there will be ill feelings. The breakfast needs to get to gold miners in Osun and Zamfara. Lithium miners in Cross Rivers too. Anything short of that will be victimization of the ND.

Svoboda:
How many raw materials importers got dollars at the official rate?
MAN has been crying its voice hoarse at this inability.

The solution would have been to address the forex roundtrip practice and not just collapsing rates. Collapsing rates itself isn't that bad but I think the luxurious goods should be heavily taxed when coming in to discourage patronizers of luxurious foreign goods. Tobacco, wines, hair extension, toothpick and brushes, iPhone, bleaching cream, perfume etc should attract a demand crippling tax in addition to single exchange rates being effected. This will drive demand of forex down as prices of these luxurious foreign goods discourage local demand naturally leaving industries and producers to go for forex.

Hmmm...

Okay.

What of national agbero adviser?

Sharing to few after taking from all.

Blood sucking demon dropping parables. The axe head was supported by another fallen tree so the cycle of vawulence is reciprocal.

DEXTROVERT:
Even

Everyone wey get dollars
For
Dom account
Became
Lost
Some
Money

depending on how much you bought it. If you Vought at N465, you make profit but if at around N750 from black market, you lose.

LikeAking:
I no one argue..

You know nothing on this topic.

So market forces push it up from 450 to 650 in a day?

If true, then be prepared for hard times.

it has been around the 650, it was the artificial pegging that kept it at around 465 in I&E window.

Resurrection212:
Some of you are just brainless always capitalize on negative account. Are we still import fuel? Those bankers that giving fake analysis should come to national TV and let Nigerians ask questions. Nonsense.

Are you for real?

seunmsg:
I still believe the new pump price was arrived at using the parallel market rate and not the official rate. So, we may not see any forex induced price increase.

Oga, dig Nairaland and read up those threads always warning of what fuel may sell for without subsidy. They contain information about the exchange window used to import NNPCL petrol.

mrvitalis:
I am tired of this clowns... One just said we don't import petrol ooh

The protein in agbado isn't easily digestible so may be high gas prices has led to malnutrition for some folks already. Leave those otondos.

LikeAking:
Tinubu one finish the country kpata kpata.

The truth is the Naira should have been floated at 450.

Pararel ex rates still exist till this day.

Nigeria may be heading to another round of suffering.

Stop talkimg like you are Buhari on nairaland - an illiterate. You don't determine the price once it is floated, market forces of demand supply does.