₦airaland Forum

blamingthedevil:
Dangote Refinery working✓
Portharcourt Refinery working ✓
Subsidy Gone✓
Foreign Exchange Defending gone✓
Investors Confidence all time high✓
Capital Market at the highest index peak✓
Security improved ✓
Infrastructures projects continuity ✓
Lagos Ibadan Expressway completed✓
Apapa Oshodi Expressway completed
Enugu Onitsha expressway almost completed✓
Grants to Nano Businesses✓
Loans to Businesses ✓
CNG conversion ongoing ✓
Europe Gas Deal signed ✓
Rivers Crisis Resolved ✓

Etc
Etc
Etc

God Bless Federal Republic of Nigeria

nairalanda1:
No matter what you think about me, it remains that an Angola outside OPEC is iminical to our interests.

Also, the palaver is, more and more nations are discovering oil. OPEC in a way is on its way to becoming irrelevant. The more and more oil gets pumped out , the more oil prices fall.

That's why long term, we need to diversify our economy away from oil. It is that simple.

4ward4:
go read his analysis and stop typing thrash!!!
Opec isn't just an Association of name, that organization have such much influence and I doubt if Angola will ever sell crude up to their price benchmark to remain relevant in the sector. Cheaper crude will be sold by Angola, thereby putting Opec countries in a tight corner.

nairalanda1:
Anyone hailing Angola on leaving OPEC...should know it is bad news for Nigeria.

Oil prices fell on the news. Know what that means? It means Angola is free to produce and pump as much oil as it wants without any pesky OPEC quota...which means lower oil prices long term because of the resultant glut.

Angola is also free to sell crude at a lower price than the OPEC benchmark if it wants...especially if it needs the money now. (That's part of how Russia survives US sanctions, sports fans).

This weakens our revenue stream drastically, meaning we have to take more and more loans, or the government would have to raise your taxes well well, in the short term at least.

So, don't rejoice.

OlawaleBammie:
If u re not into an excess money I would say u should not venture into exporting for now, u can always do that later anytime u want.

Secondly, I want to tell you that no matter the position u find urself in the chain of trade u would always make ur profit if u put ur effort...I promise you that, but don't bite more than u can chew.

Thirdly, anything agricultural produce (especially the cash crops) are cocaine in disguise

Sirchiboy:
Made a stand to stop sleeping with hoes coz I came into full awareness that nothing is so special about sex.
It will only drain your money and leave you in a state of perpetual regrets.

anonymous1759:
The motive is to make money not to answer boss on Empty stomach , a bank manager will answer Sir to a poo Parker In the UK when he comes to Nigeria with his heavy currency. Only fraudulent bank managers are rich .

malali:
Capital flight

[b]There is no business that can survive selling anything imported

Reason $1= 1200naira
The goods are now too expensive
Nigerians have very low purchasing power
These shops cannot make profit servicing only the few rich people in the country.
They are better off in a country with a buoyant middle class......

More shops will be closed, more foreign companies will leave as well.

Your Trade minister also has no clue what she is doing, you need someone who is tested and trusted, you can re-allocate her to another ministry, but get a trade minister thats ready on day one.

The senate should also start inviting all these ministers and questioning them on what are the measures they are taking to alleviate the sufferings of Nigerians. Tinubu should send another ministerial list to senate for clearance at least 2 for each potential ministry, so that the current ones can sit up and know that they are replaceable(Call them reserve bench ministers). We dont have to go through 4 years to know a non-performing minister !!!

Also, that mistaken identity bombing, No country should bomb its own citizens, In a civilized country thats
1-Grounds for impeaching the president. (You are the commander in chief, you swore an oath to serve and protect Nigerians).
2-The Army officer in-charge should have submitted his resignation honorably.
3-There should have been a ruthless senate hearing , where the army should have been cut to size and held accountable, killing Nigerian citizens mistaken for terrorists is high up there as treason in a country thats not at war ?? Even Ukraine,Russia,Hamas and Isreal are not killing their own citizens by mistake.

Sweeping this under the carpet shows weakness from a Commander in Chief.

Please Stop singing that song "Bola on your mandate"......You make the whole government look like a circus. It only makes the Commander in chief look like the Commander in Clowns[/b]

Kukutente23:
https://punchng.com/nnpcl-not-transparent-on-subsidy-dollar-revenues-wbank/

phemray:
Oga calm down, no pain no gain. Moreso in
2023 election

Atiku= I will remove subsidy and sell refineries.

Obi= subsidy must go it's a scam.

Tinubu= no matter how u protest ooo, we will remove subsidy.

Jonathan= no promises of subsidy remove but find it difficult to have a good implementation team when he did and instead of standing by his action he backed out just after 2 weeks.

U see jagaban issues pass tribalism. He his a goal getter and a good planner.

During camping he had town all meeting with the labour union, industrialists, oil and gas stakeholders and it was concluded to be removed. No other candidates have such good moves to carry everyone along. And best is to remove from day one so that we start facing the issues at once.

Am feeling it as u, but it's better for once. afterall am targeting relief in the next 2 years. if in the next two years we got it right it's better forgetten than been postponed.

If Atiku won, there will be complain, if obi wins there will be complain and since Tinubu won and we hve complain shows that we want solutions without pains.
I strongly believed Nigeria has gotten it right this time.

ElSudani:
Stop using foul language, makes you sound like a tout. Your ranting is a clear indication that you are hungry and trust me Tinubu has nothing to do with it. The earlier you know this the better for you. Otherwise, you will just die of hunger. I just pity the young children you may have, I have little sympathy for lazy, whiny folks like you who wants to open their mouths wide so Tinubu can shove cheap Thailand rice into it.

ElSudani:
Since you love rice so much, how many damn acres do you have under cultivation? How many acres does the folks around you have under cultivation? None, that is the simple answer.
I am sick and tired of people like you who would rather japa or die than to be seen on a farm complain about the prices of food. Funny enough, people like you are the first on the internet to wail and lament about hunger.
We have a better alternative to rice in Nigeria, eat cassava it is the same carbohydrate.
If your survival is tied to rice them grow it. Is Tinubu also preventing you from doing that?

ElSudani:
Everything boils does to the price of rice. May I ask you how many acres of rice you have under cultivation right now? Probably none.
Your taste for imported food is one of the problems facing the country.
What did we eat before Thailand rice? Have we always depended on imported food?
Your taste for imported rice is one of the problems the government must address. Either you grow it or eat cassava instead, carb is carb.

ElSudani:
You don't know what you are talking about. Did you read where one of the ministers said we already got the money for some of the oil we are selling right now?
What that means basically is that we mortgaged some of our future oil earnings. Tinubu didn't do that and I suspect it doesn't mean anything to you as long as you can afford rice.

Fujiyama:


Damning with faint praise.

"Caa" ratings are even lower than speculative grade. To be blunt, a "Caa" rated security is a junk bond.

spinna:
The aura, mannerisms and actions of the two regimes are very different

Tinubu hit the ground running with his inaugural speech.. the main statement of the speech was "subsidy is gone"

Buharis first speech he said he is for everyone and no one (whatever that means)

I get your point though About not raising hopes on politicians ,, but still TNB so far has been better that BHR

tollyboy5:
I'm not bothered on who has access to get fuel, what i capitalize in my first comment was the effect on foreign exchange and the reverse effect on peoples salary able to gain purchasing power more.
More companies need a stable electricity not fuel to fuel generators. PDP so far has been the reason Lagos don't have independent power supply. Now that a Lagos man is there i know thing are going in the right direction.

Treadway:
lol....nice wordplay.

I still dey HODL my dollar stash sha. Will be following the trends....till then.

To the folks here, make I epp una answer some of your questions. If the refinery does start, the price of fuel will largely remain same or even higher. So don't expect cheaper fuel. What you will expect as a benefit is more Forex to go round..forex that would have gone into importing fuel will now be saved, meaning more available Forex, meaning the exchange rate gets better IF the rogues y'all put in power don't mop it all up.

nairalanda1:


The cold truth, the cold truth and nothing but the cold truth

Refineries are created to make money. Money to pay the owner, to pay for maintenance, to pay for taxes, and to pay for worker's salaries.

Any attempt to restrict money making by refinery would lead to its collapse.

(Like what Tinubu is doing now. Landing price of petrol has been above N720 since October 9, and yet fuel is selling below N700 nationwide. LOL.).

Anyway, Nigerians do not want to face that truth.

(Awaits people to start spilling electrons).

tsdarkside:
its not the job of nigeria to be providin you dollars....

if you want dollars,then start your business in america that controls dollars....thats common sense....

if the raw materials you need for your business is not in nigeria,then it makes no sense to open shop in nigeria....
from were do you think nigeria gets it own dollars from....??
you think america dash them....??

you are blamin the wrong people....
you want dollars,international companies want dollars,common people want dollars....
to add salt to injuries,you use aboki when you have dollars other than cbn....

its good the way nigerian customs are doing it....to remind you people that nigeria is not a dollar economy but naira....

imports should be discouraged at all cost....

Sangoamadioha1:
My argument is that he is part of the problem and he is not happy petrol importation will soon stop. This is my opinion based on how i see it.
Because govt is not working on the one he wants then what government is doing is rubbish.
Pray, does he have monopoly of knowledge. The government, after due diligence, say this is the one we are starting with but Mr knowledgeable, who watched refineries collapse under him, says no it must be done his way or it won't work.

Ps Even under Abacha we were importing fuel (if you remember the time bad fuel came into the country during Abacha's time). The refineries started their decline under Mr knowledgeable's time.

FreeStuffsNG:
Dey play. This is what mostly the naysayers, criminal defamers, cyberbullies and lazy , hate-filled bitter people will focus on.

I know that you intend to mock those junior workers as if they are useless and they don't deserve to even step out of the country, kitchen and stores let alone travel with the President on the Presidential jet. Smh.

Those are real people and Nigerian citizens if you don't know. Those guys you look down on in condescension are the ones who the lives of Nigerian President and leaders in the President's contingent depend on.

That you look down on them in condescension shows you're ignorant. No country in the world will place the lives of its leaders in the hands of random people or kitchen staff.

Just days ago, the wife of a top leading Ukrainian was poisoned and it's now a row between Russia and Ukraine.

Seyi Tinubu is not just the President's son, he is a successful and consummate entrepreneur/investor. His outdoor advertising company alone is so successful that his presence at the summit adds value to the quality of our contingent. He is a youth who has something phenomenal to show for his achievements even before his father became the President.

While you continue to feed the lazy idle youths on the social media what to gloat about, these folks and Nigerian leaders have the result to show for their brilliance, competence, patriotism and hardwork. They went there to work, leaving their families and businesses behind in Nigeria while you play online.

Below is the current data on Nigerian economy, Q3, 2023 as shared by Statisense


✅Q3 2023 GDP growth rate at 2.54%.

✅The Oil Sector had it best growth in Q3 2023 since Q1 2020 when it grew by 5.06%.

✅Improved Oil Production capacity, achieving the best output in Sept at 1.390 mbpd.

✅Achieved Trade surplus of ₦1.89 trillion in Q3 2023 and ₦3.52 trillion in 9months, Exports > Imports.

✅Stock Market performance of +38.1% Year Till Date.

✅FG surpassed its Revenue target of ₦8.283 trillion as at Sept 2023, achieving ₦8.653 trillion, a 4.5% above expectation.

✅Effective tax collection with CIT at +121% of its target and VAT at +11% (2023).

#Statisense
(NBS, OPEC, Budget Office)

https://twitter.com/StatiSense/status/1732148735746900053?t=GDJDpXxhrGJvUFgCmjN4lA&s=1[/quote]This one is always coming online to embarrass his family.
The good thing is the internet never forgets, one day your children will read some of your posts and will regret being born by such a daft human being.

yarimo:
Illiterate senseless man always speaking out of point, just to fool his fellow illiterate Obidients

Fujiyama:
^^^
If your trade balance is positive then your currency appreciates - unless you decide to keep your currency artificially low (China for example keeps the renminbi artificially low to keep its exports competitive and maintain that positive trade balance).

As far as I am aware, Nigeria is not keeping the Naira artificially low. So how can such a large trade surplus of N3.5 trillion (this trade surplus is about 15% of your entire 2023 budget (supplementary budget included)) not lead to appreciation of the local currency? And the year isn't over mind you - if this positive trade balance (as reported) continues, then the year end trade surplus should be even larger. Some posters have mentioned a lag before the effects of a trade surplus can be seen. How long? A year? A decade?

Something is not adding up.

Gasopanis:
I have been having some kind of pain in my ear for about 2 weeks now, i went to the hospital last week and i was prescribed this drug Augmentin, i was shocked when i went to the pharmacy and was told it costs 57k, i even had to ask the lady if she knew what she was saying, i had to google it and found out she wasn’t lying. I went to buy it today.. it has just 14 tablets. A friend of mine told me it used to cost about 6k in the past.

I’m fed up of the situation of things in this country

CandidAdmin:
All I know is he won't be as useless as buhari

anonymous1759:
I Stan with you , even the name Oba is “Yoruba”
If Benin truly found Lagos you’ll still see traces of Benin legacies in Lagos, but that’s not the case . Just as British foot print will always be on it’s colonies . Even in America you’ll still see British foot print some of their Towns and street are British names .
Everybody wants to trend but it’s better to use your basic Analogy to dissect.

CoronaVirusPro:
How did you reach the conclusion that event does not benefit Nigerian?

Its glaring you are not a person with deep insight.

CoronaVirusPro:
Yes!

Kay25:
What did he steal from your father's house?

iammo:
Oga Ellupee... if you had any evidence all of you Elupeee would have showed it in Court

Ellupee Party Agents, PDP Party Agents and APC party Agents all signed Ec8 form after counting of the vote by a Youth corper with police protection

Why did your agent certify the true copy at polling unit


.

Cmanforall:
I think that's a major issue here. Polaris may be trying to avoid any fraudulent transactions. Moreover, her transaction is complex (Transfer naira from Polaris to GTBank , then from GTbank to another person's naira account . This 3rd person lives in UK, so he/she paid for you in Pounds. The Uni only refunds to the account that made payment. This 3rd person's UK account is no longer functioning . Polaris (if they have all these information OP shared) may be wondering why not this 3rd person provide his or her new account details with ID to prove he or she is the same person and owner of both the old and new account. So they changed their policy because of OP plea (Polaris may think?)
Did she notify Polaris amd provide all the evidence to show the legitimacy pf the transaction?