₦airaland Forum

seunmsg:
His name doesn’t sound Yoruba. So, what’s the link to the great Yoruba race of western Nigeria?

It sounds Igbo and Hausa i guess. Yeye thing.

immaculatesense:
Maybe you were far from the news at a point in time.
At that point in time, the Naira was doing almost #2000 to the $. Some people (enemies of Nigeria) were even advising people to hoard their dollars because the Naira was heading for #3,000+.
Just to remind you of what losing and winning streaks mean in this context in case you missed the development at some point in time and then you woke up to the 1,500+ stability.
No Be Juju Be Dat?

is there anything that wont go through a period of uncertainty like Naira did if exposed to what Naira was exposed to? Get lost.

immaculatesense:
Oga. Before you talk about gain, you have to talk about stability which is the stage the currency is currently.
If Man City is loosing 2:0 to Liverpool at halftime. Won't the target be to win but the hanging fruit is to first balance the score by not conceding but equalizing before going for the win.
Nigerian Naira was formerly on the losing streak but now it is stable then we can start looking forward to gains.
THAT IS ECONOMICS NOT MAGIC.
No Be Juju Be Dat?

You are not talking with someone sucking akamu n glucose from feeding-bottle Oga.

The naira was never really on a losing streak as you put it. It was being subsidized and seeing the FG lacked the means to keep up, they backpeddled until they finally floated it or deregulated it. The subaidy was done for politics sake and lack of political will to stand and walk upright economically.

Good question.

Good question.

I once asked too. Buhari borrowed before resorting to massive printing.

Very simple to do.

In 2006, one hectare of land could produce between 40-60 bags of rice paddy and can still produce same 40-60 bags of rice paddy in 2025.

The key here is this, is your effort of 2006 able to earn you enough in 2025 to afford what you could in 2006 from same effort?

The effort/reward system or graph doesn't flow linearly with the money system anywhere in the world.

Thats the population of many state capitals. The genocide going on in Nigeria can only happen in Nigeria. One group through dominance of the army, eliminates and takes land from every other group aa they please. No contest. The zombies from the victims group/community in the army and police obey all orders against their own people. Isnt that wonderfully great?

immaculatesense:
This is Laudable.
I don't know why some people will still be sad with Nigeria under Tinubu.
I was talking to a guy sometimes ago on different thread that Nigeria is currently an export country and no longer import dependent country.
Nigeria is Getting Great Again.
No Be Juju Be Dat?

if inflow is this good and there is no mega corruption going on, naira should be much stronger and be gaining much more strength as we speak. There are hidden caveats.

The man is now an intl comedian or what?

The Brown envelope think tank group. Try harder. Hmmm

helinues:
This one knows more than the experts. They have never been happy about the progress of Nigeria. The bad Belle dem.

always excreating with mouthn finger.

This comes after N3.682 billion was spent on the same purpose in 2024. Combined, the state has spent a total of N4.682 billion on vehicles for lawmakers and management staff over 18 months.

On average, each of the 30 vehicles costs about N156 million.


Few months from now they will complain about out of school children. Rinse n wash.

Picture 1 shows average wealth and picture 2 shows a key resource chart for proven crude oil reserves.

The huge inheritance didnt translate to wealth for the less innovative nations. The innovarive and liberal nations from wealth list, have fewer resources.

Isnt that a beautiful contraction that illustrates productivity being superior to inheritance?

Inheritance is always inferior to what laboured for.

This afternoon, abother topic hit the FP listing high per capita earning and most of the rich arab or south american nations here didnt feature. Only the innovative few here appeared there. Isnt that winderfully great

No governor like him.

Some of them earned well but there were reports of slave contracts of many African players back then. Ia like many of them didnt have education about legal rights and contractual details.
All fingers are not equal afterall.
The leading cause of earlier elimination from tournaments then was money. Corrupt media men and football administrators/officials always robbing the team blind.

helinues:
Nigeria is now deporting foreigners. The Nigeria of our dreams is now in the making

deporting foreigners but claiming FDI is about to booom.

Yekiniologically speaking.

HisaacPlus:
Programmed to wail; nothing better was expected from you!
#CifiaPains

Counter me with facts. I dropped facts. He too more loans to pay less loans in principle.

What about the middle eastwrn giants Saudi, UAE, and co?

Yahoo yahoo. Even abhorki youths are not left out.

shadrach77:
I like this Sultan. He is never afraid to speak the truth unlike the cowardly Ooni who will always pan to the powers that put him on the throne

let him speak the truth concerning hajj wastages and how few elites corner the wealth of the poor or shield those who do.

Pretending to be on the side of the poor after cornering the wealth that should serve them.

Loan substitution is not progress. Tell yekini that.

Cosmetic improvements in exchange for deeper cracks.

The paid article talks of clearing IMF loans of $3.4B but how much have we borrowed elsewhere to substitute the indebtness to IMF?

lawani:
There are many dimensions of poverty. Lack of proper housing, lack of proper education, lack of health care, lack of job opportunities and even lack of internet access is a form of poverty and etc. People in the SW have more access to a quality life.
Agriculture and being able to feed yourself is the base of any economy and once you get that right the rest should be easy with good leadership. In the late nineteenth century what Japan had in excess was rice and not much else. Their ambitious government took rice tax from farmers and auctioned the rice in markets for revenue. They invested what they got in education and production. The government will set up companies and hand it over to private players later and now Japan is where it is today.

Proper Housing? - Housing is cheaper in the north.
Education/Healthcare - Their allocations from FAAC covers those.
Job opportunities - They dont want industries and are only passionate about political domination via religious brainwashing.
Internet - Satellite and GSM cost same for all.
Food - aside being basic, Nigerians spend 60-70 percent on it so anyone who overcomes that can never be the poorest region. Never.
Only intra-state transport is where they lack behind due to higher average distanc between locations.

OfoIgbo:
Under GEJ, she was the spearhead that helped make Nigeria the largest econom;y in Africa.

Ngozi Okonjo Iweala is millions of miles above Adeosun the certificate forger and the incompetent Wale Odun put together.

largest when you use a defended Naira to calculate GDP size. . . Lol.
Use the actual value n Nigeria is not top 5. . . Lol