₦airaland Forum

Obaofaba:
The illiterates of the 21st century are not those who can read and write but those who can't learn, unlearn and relearn.

@ the topic, this is one of the reasons I rejected some fraud of candidates and voted for the best, most prepared and a man with enviable achievements prior.

The president is ticking all the right boxes.

petrol about to hit N780/and you are here still doing media agent work with all your might. Better go and tap palm wine.

Grayoso:
Lol. Your pain and frustration will land you in an asylum before the end of the year. Only 7 years, 11 months and a few weeks to go till May 29th 2031. Loser

lol...dreamers are achievers. Dream on. Buhari completed his disaster tenure so no surprises if the kingmaker does that. Long live Amoda Oluropo Yekini.

Grayoso:
Lol. Olodo. Your Chinedu Gbadedo type of ethnic baiting, with use or ethnocentric slurs, does what exactly aside prove my point about you and your type? Omugo. Chinedu mumuric brother.

Your pain and frustration will 'marinate' well for 8 years. Keep up the hating if you can.

Ancient of waffi, as old as you are, as old as you, you no wan change...

Uncle GB*W* your too old naaaa...

N550 X N664 = N785.38
N465

helinues:
Don't waste another 4 years crying and teeth gnashing

Life is too beautiful than that

I can see why money must be made by your paymasters now. Short indeed.

Lol... I rightly predicted all subsidy removals.
Forex, Petrol and Education all gone within 20 days of the new govt. Next will be massive looting via PPP arrangement like we saw in Lagos over the last 24 years. There is a reason why armed robbers dont grow old in the society but end up dead or incarcerated. They never get satisfied.

Expect electricity and fertilizer to follow.

joyandfaith:
Propandocrazy

The art of hopeful hopelessness I call it.

Promising jobs but delivering inflation live and direct. That's a sign of the usual chain of buck-passing and excuses about to begin and a bad news to the people.

Buhari did it for eight years and is a darling daddy for it today.

Also seeking the immediate praise of elitists by bringing policies that favour them against the voiceless masses.

SalamRushdie:
Definitely it will , I just pity those that were celebrating useless unification

Thank you. IPhone and Brazilian hair will become cheaper in exchange for petrol, industrial machine/raw material and critical goods going up.

It is a case of leisurely imports being equated to critical ones on preference scale because someone couldn't do the noble job of separating the two categories and prevent roundtrip of dollars across windows meant for both categories. Tinubu's policies are based on assumptions of what big businesses will do in reaction. He is obviously miscalculating and will play into the hands of our main lenders who are wise to maintain their own subsidies.

HIS in UK is riddled with injustice but they are managing it instead of scraping it in the face of stronger fiscal pressure. We are scraping ours to collapse our system into a puppet one for them. Pathetic.

arejibadz:
if dangote refinery come to reality prices of fuel wouldn't increase,unification would reduce import

the alleged sole importer of fuel(NNPCL) was getting dollar at the lowest of all rates hitherto, with the lower rates and higher rates(black market) noe collapsed into one middle rate, expect petrol prices to go up first before it comes down if Dangote and co ever releases their dollar at a competitive rate to crash prices. We are now at the mercy of few capitalists who enjoyed lower dollar dollar rates on their way to prominence.

That why emefiele was pleading with Dangote the other day to release dollar at good rate in the future when his plant kicks off fully. It was on Nairaland FP.

Yes it will.

The inability of govt to prevent roundtrip of dollar from old official rate window where serious businessmen got good bargain to keep production cost down into leisurely and luxurious import based sector led to the lazy decision of collapsing both rates into one.

What it means is that superflous and leisurely imports like toothpick, gadgets, wine, cigars, cotton buds, milk, chocolate, iPhone and hair extensions or in short, things that don't drive up local production level of critical goods will see dollar at a lower rate than old black market rates, while serious importers of machineries and raw materials (petrol inclusive) critical to our industrial and pressing needs will start getting it at a higher rate unlike before when they had official access to it at a lower official rate.

In conclusion, the dollar rate collapse, the removal of petrol and education subsidies all have one thing in common and that is that the leaders failed in managing them well thereby allowing corruption to make them of lesser effect overtime and thus greatly affecting their strength of impact.
The right to have done was management of the corruption that detailed these schemes like is obtainable in advance nations who still maintain subsidies till date. Instead we choose to scrap our in favour of more infrastructure contracts to elite owned companies. Sad!

Free floating of the naira is like tying the excess demand of dollar emanating from toothpick, toothbrush, red oil iPhone and leisurely things importers generally to the demand of dollar for import of machines and industrial raw materials.

You merged the pressure of leisurely and luxurious driven consumption with critical aspects of the economy and say you are inspiring investors confidence. This was how the preceding disaster started justifying actions with abstract yardsticks and guaging people's heart and repentance level before crashing the whole system then blaming a CBN gov.

The govt again has failed in curtailing the corrupt practice of roundtriping of dollar from the lower exchange rate window meant for productive imports into black market meant for leisurely imports and as part of their addiction to buck-passing, have chosen the past CBN gov to blame.

Is the new CBN head or bat to blame if all these steps of subsidy removal, student loans and forex rate unification backfire?

Everyone blamed emefiele for those.

Stop playing rough play bros.

Ikaeniyan0:
They will only be able to compete with MTN, Airtel, Glo and 9Mobile if their data price is cheap

telco goes beyond data bundle rate. There is reach, latency, security, and more to it.

Unlike that other dude was dead to his right?

Imminua continua(continuous immunity)

Lol

Action daddy. . . yes daddy!

IrepChrist:
Guys I need a constructive opinion on these comperative subjects.....

Student's financial aid or graduate empowerment what are your take?

private school graduates ought to be considered for business loans before those who enjoyed public funding.

When the rates diverged they called it politics from uncle Meffy, it has converged now and must be an opposite political move.

“People were not sure of what the policy direction would be on the exchange rate. What is the next policy that would come out tomorrow? What will be banned tomorrow? All of those inconsistencies created panic in the market and people started moving to the unofficial market,” Erumebor said

Trash. The cause and effect linkage here is faulty. Why didn't the spextulators ever speculate a scenario of a stronger Naira. It shows they are just a trade union mafia operation in secret and blaming unrelated policies of the CBN gov.

DaddyJapan:
“For the first time in Nigeria’s economic history, we have a central bank that was essentially the most powerful form of economic authority in the country … That [power] is normally between the Ministry of Finance, the budget office or the presidential economic council.”

Howndid the power move to emefiele? The media is carefully brainwashing Nigerians. There is an unseen force manipulating Nigeria, walahi.

JaskanFactor:
translation they want to devalue the naira, straight on the back of removing petrol subsidy.
This may be bad time to be keeping lots of naira in the bank, better change your money to forex.

yes.
Petrol subsidy is gone, education subsidy at tertiary level is gone, forex subsidy disguised as fixed rates too are gone.
That's what IMF and WB want for us but when you research the western countries and their welfare schemes, you will see they managed theirs well and sustained them when faced with abuse instead of scraping them. UK health insurance scheme is a good example of abused but well managed and sustained schemes.
Can our leaders think. We substituted a better scheme that drives production cost down for one that entails direct consumption. What a direction!

[quote author= post=123780795]Breaking :

Chef Dammy just completed her 120 hour cook-ha-thon. Congratulations.


https://www.youtube.com/watch?v=GfKK3omugu4[/quote]You should package yours too and do like 10,000 hours going by the time you spend doing political barbeque here.

I wonder also. If traders go on whatsapp to bid for it and get it from those remitting funds to Nigeria, what stops banks from putting a team there and getting dollars?

There should be aquatic unit of FRSC.

Foolish question.

HighQue007:
No doubt Buhari ruined Nigeria not even Tinubu could have predicted that but you see that Amala gobbler will rule you and your miserable people for 8years and would turn out to be the best president we ever had. It’s pain upon pain for u people. New hope don arrive

Buhari as bad as he made all indices he rode upon to power is currently the 'best' no surprises if Tinubu becomes your greatest ever. After all Tinubu will continue from where Buhari stopped.

wifeesnatcher:
the Apu sniffing scammer that ruined Anambra for 8yrs won't be my President. know that and know peace

akpu n ose ofala gobbler came third so why are you more concerned about the third man instead of he second man? FYI, I have no soft spot for one potential subsidy remover answering yes daddy.

HisSexcellency:
We practice a very strange and weird kind of politics in Nigeria.
A senerio where two friends, or people who hitherto have nothing against each other suddenly becomes mortal enemies just because of political differences

politics of cancellation in action. Instead of politicking to get to power and then serve selflessly, they extent the politicking phase into their tenure and try to undo the other guy instead of doing theirs own thing to complement and supplement his. The same error currently going on in FG. They are busy serving breakfasts to percieved losers in their social circle of powerful men.