₦airaland Forum

Fiscus105:
The aspects you don't know are far far far, more than the one you know. It would take a whole year of explanations for you to get to latest happenings in Nigeria governance, provided you ready to learn.


* Many of those crude oil you mentioned are already, sold out as a debt during Buhari, and it's a must for Tinubu to obey agreement.

*If Govt sells everything in Naira, where would Nigeria gets enough dollars to fund his projects that need dollars to fund.

You are only addressing the symptoms and not treating the root cause. The main problem I see here is low production, our crude oil output should be ramped up to about 2.5m bpd to meet local demands and external obligations, that way we won't be in this mess. How Nigeria an oil producing nation will not be able to meet 450k barrels allocated for local production is very embarrassing despite all the billions of dollars nnpc has pumped into oil exploration in the north and bonga field.

NLCreator:
https://dailytrust.com/reject-corruption-this-year-efcc-tells-nigerians/

Has this message been sent to the 3rd most corrupt leader in world ?

TheNiceGuy:
Very articulate

Man of the Year

Dey play, is it the same man that has just been voted as the 3rd most corrupt leader in the world or another man?
You APC zombies will never fail to amuse yourselves.

meobizy:
I get all my advice from Reddit. This place is for typing rubbish.

You are so on point, this place is just for the drama of Tilumbu zombies Vs Obidients cursing themselves and amusing me in the process and nothing more.
If you are looking for a place to add to your IQ then nairaland is the wrongest of place.
It was so bad that one APC zombie argued with me that naira will come back to the way it was without any reason but just banking on hope that will never come.

JagabanBorgu:
With each reply, you keep showing that u are a duIIard who dóñ't even understand the discussion going on but still want to partake in it.
DuIIards should stick to their level of understanding, this particular one is clearly above what ur brain can handle.
You given two replies that are not even in line with the discussion on ground.

How is my response to your position irrelevant ,stop being a cowardly yorubaman always embarrassing our tribe and stand by your word. Below is what you posted less than 24 hours ago.
"The average South African will accept an improved life right now in place of a huge stock exchange"
You clearly insinuated that Nigerians enjoy better life than south African with this post but when you have been called out with verifiable statistics that showed you were stupid for posting it, instead of apologizing for your dumbness and move on you are quickly trying to twist the narrative like a typical double mouthed Yoruba coward will always do.
Go and sit down with your fellow urchins and zombies my boy.

JagabanBorgu:
1. When you are so dàft to understand a discussion and why certain statements are made, don't jump into the discussion.
2. I don't need google to understand what I see and know.

What do you see or know, you know nothing other than to keep being a zombie and an APC ignoramus. You should be ashamed of yourself to spew a position that is unverifiable on the internet. Let me help you with further statistics to show how stupid you are for saying what you said in the first place. GDP: Nigeria USD199.72Bn,South Africa USD403.05. Inflation rate: Nigeria 34.6%, South Africa 4.7% .
I hope you noticed Nigeria is only ahead of South Africa in anything negative like inflation, exchange rate etc. Stop coming online to display your stupidity moving forward.

JagabanBorgu:
I asked that question because I don't understand how stock exchange made it into this discussion.
We don't really care about Stock Exchange, what we care about now is improving life not chasing stock exchange.
The average South African will accept an improved life right now in place of a huge stock exchange.

Are you in any way insinuating that the average Nigerian enjoys better quality of life than a south African with this stupid comment you just posted ?
Google is your friend and you may take a quick check before spewing your ignorant comment to show how shallow you are. Life expectancy - Nigeria 59.93 , South Africa 61.73; minimum wage Nigeria - 70000/month, South Africa- 27.58rand/hour(equivalent of NGN2266 or NGN1.65M/month), electricity Nigeria- 7000MW, South Africa - 59,700MW.
Yet a delusional APC zombie, who as usual only spew rubbish to masturbate with his fellow zombies is comparing quality of life in Nigeria to South Africa when there's definitely no basis for comparison at all.
You should at least hide your ignorance instead of coming online to show how dumb you are.

Biodun556:
In ikorodu, a company dug borehole and all the boreholes of the houses in the area dried up

Govt knows what we don't know

The ronuists are here again,they support anything at the cost of their own lives. This one has created an imaginary company that dug borehole that stopped water from running in his house to hold on to his Stockholm syndrome.
Supporting APC is a curse that you cannot purge yourself from even when you have the truth staring at you like a mirror, his fellow urchins carefully avoided this thread but him sha wan show him stupidity.

Tooreda:
The guys are just paid idiots. There is one useless guy among them that will usually have 22 likes. Funny buffoons

I noticed this too and Seun is allowing it to happen, it seems one of the ronu supporter has like 22 different accounts. Immediately he posts or comment on anything supporting the government, he will use his 22 different accounts to like it to deceive himself that they have supporters.
I keep saying it that this government still has supporters only on faceless forums like nairaland. The reality out there is that hunger has aligned everybody together against this government, whether I go to a bar to drink, or we are discussing politics in my office or anywhere at all. I am yet to find a single person still supporting APC or Tinubu, it's always curses and abuses that people on the streets use to follow the government and I stay in Lagos which is more of a Yoruba state . So you can imagine how nobody cares about tribe or anything again because of hunger and hardship in the land, it's only here on nairaland that I still find Tinubu supporters who probably are paid 30k monthly to do the dirty job and create multiple accounts on nairaland.
Even the ones here cannot say the nonsense they say here publicly for fear of losing their teeths and eyes by angry and hungry Nigerians out there.

jazzman7711:
https://businessday.ng/news/article/nigeria-renews-n3-28trn-currency-swap-with-china/#google_vignette

I always laugh when I see agreements signed on paper without any implementation plans or execution strategy. What became of the one Buhari signed before that did not yeild anything.
As a foreign trade expert, this would have been a fantastic move if there's a clearing house and settlement bank created for this purpose. The CBN will go to sleep after signing agreements on paper without any clearcut implementation strategy and create further confusion like the one Buhari signed.

ChizzyBuna:
So my parents are in village for christmas.
Coming from lagos to visit for xmas
I decided to visit our house in town where our family lives. Before going to meet them in village

What i found in my fathers room shocked me


Condom packets that were not prpperly thrown away.

Ky gel found open on the table
For those that don't know Ky gel is lubricant for sex.

This is enough proof this man is cheating.
Should i repirt him to my mum??

To think that it's a man that posted this is so nauseating.What happened to the bro code? I remembered the famous saying my dad always quote before his demise when my mum turned all her sons against him because he had side chicks, he will always say " e nu eh le wa ye" in Yoruba. Today I'm a man with kids and family and I realised my dad did nothing wrong but just being a man. Why is cos I'm doing much worse than what my dad did, it's just African in men to have side gigs and not anything new. It's unfortunate we have men these days that don't even have anything going but being effeminate.

KnowAll:
Do u seriously want a strong currency when u are not producing anything. So that when u have a headache u jump on plane to go to londofor check up.

The present president is the master of what you have just described, he jumps on a plane to France even when he has just a toothache in his brown teeth at the masses expense, yet the naira is even very weak now. So what exactly is the foolish foolish point you are making?

treesun:
https://reubenabati.com.ng/featur/weak-naira-is-good-many-people-can-t-travel-again-tinubu-s-aide/

Once you support APC or this useless government just know your brain is out of your skull. How can somebody's father wake up in the morning and say this rubbish and the children will not be ashamed of him. Weak naira is good because people are not travelling,since when does people not able to travel become a performance indicator pls?

Max24:
Yes, complacency all over the place. Like the complacency of the students loans which is the first of its kind in Nigerian history. Like the unprecedented Faac revenue States and LG are sharing, like the roads constructions that are ongoing everywhere, like investments coming in every month. Are u an illiterate? Do you know the meaning of complacency? I doubt.

You must be very foolish to come to my mention with this rubbish you just posted. You think I am as dumb as you are and easily deceived with propaganda?
The useless government you are supporting with audio non existent achievements that only exists in your imagination has failed in all ramification and it's staring at you in the face.
Unemployment is high, inflation is over 35% which is the first in the history of this country, exchange rate is over 1500, cost of living is through the roof infact people cannot feed and they dying in stampedes while begging for food yet this useless entity has the guts to come to my mention and insult me with non existent road and all kinds of gibberish to launder propaganda everywhere .
I keep saying APC and this useless government supporters only exist on faceless forums like nairaland, whether in pubs, lounges or even in my office I have not seen one person openly come out to still support this useless government cos they know they will receive beating black and blue due to the anger and hunger in the land.

ogolemati:
it's a stupid take to a stupid person,how will you want to replace Tinubu with Atiku at the level this country is at right now

Any alliance to get APC out of government is welcome at this point. I don't mind Atiku at this point just to get APC out, it's obvious an alliance is needed to get them out. They have failed Nigerians and remain boastful and non challant about it, that's why we have complacency at all levels of government.

lapintoz:
You are the ones with your brains in your anus.

Your flat head is deviod of any sane capacity.

What is the GDP of yoruba people that makes you think your gully erosion region is the only eldorado on earth.

Do you know how many yorubas are out side the shores of this country sending billions of dollars back home. The economy of the SW is thriving. You cannot get hotel rooms in most part of lagos. December is dirty! And they are hungry. Oponu.

You lost election and you are still crying into the 2nd year. Is this how you will cry till 2037. That's your kettle of fish.

Same hatred that took your ancestors to the grave has consumed you. I can only wish you Goodluck. 👍

Ronuists response is always predictable and devoid of any atom of sense, to them anyone not supporting their failed government is a Igbo or ipobist. This idiot did not know I'm even more Yoruba than him, I am a son of the soil of Lagos that's also born and bred in Lagos. He probably migrated from Ogbomosho or tewure and today feels he should be telling a son of the soil what is happening in his own state while his native Ogbomosho remains in tatters.
We indeginous lagosians have rejected Tinubu and his brand of politics from day one, his politics is formed on thugerry and does not have any meaningful impact on the people .This is why his economic policies have turned Nigerians to beggars dying in various stampedes.
His zombies like this one here can keep wallowing in their sorrow till they die of poverty inflicted by Tinubu on them.
Alainironu oloshi.

Lanretoye:
most of them don’t even have any significance in their family but if you read them online here you will think they even have what it takes to excel in their endeavors.if you look at their profile you will observe that 90% of them are from one part of the country and they have not gotten over the post election loss trauma

Actually Yoruba ronuists and APC urchins are the worst sets of people. They look tattered a d poverty stricken in real life , some of them go to bed hungry and beg for food everywhere but what's amazing is they still chose to worship the government that places them under the same sorrow.
That thing is always amazing to me.

etrouble:
And some bitter vagabonds still say it’s not Tinubu that developed Lagos. Shey na Nnamdi Azikiwe abi na Tafawa Balewa?

Are you saying it's Tinubu that removed molue from Lagos? Molue that was all over Lagos all through Tinubus tenure, it was fashola that started taking molue away in 2015, infact traces of molue was still all over Lagos until Ambode came and I still saw one as late as last year.
That's how you Tinubu ended up giving Tinubu credit for what all his predecessors did in your desperate attempt to paint him good and we are here seeing the result. Tinubu built Lagos my foot, I still maintain Tinubu is one of the worst governors of Lagos. All he achieved was excessive taxation and massive refuse dumps in all Lagos but stops while empowering touts and fighting political enemies like OBj,Funsho Williams (whose death is still being pointed to him), Ganiyu Dawodu and his deputies like Femi Pedro and the other woman, Fashola came in and cleared a lot of his mess and brought some sanity.
How he convinced APC zombies that he built Lagos is what baffles me till today. I was very matured and in the university when Tinubu was governor so I witnessed his term first hand.

Treasure17:
99.9% of the people in that picture are no more. Meaning you are not going to be here forever.

Says who, molue that I still saw last year. Infact molue is still operating in some parts of Lagos like Sango.

God1000:
https://www.bbc.com/news/articles/c4gwzgvpe04o?

Is that not APC I'm seeing there? So APC sef dey Ghana with same logo sef.
Ghanians do not make the biggest mistake of your life by voting for APC, in Nigeria that irreversible mistake we made in 2015 is what has killed millions today and kept several millions in abject poverty.

This one is really working very hard to be noticed, too many of them are waiting on the queue to be noticed and settled. Onokpasa, Fani Kayode, Reno and this new fool.
They all want to settled with appointments as they don't have any substance without government money. Mumu people. My only pity is to the APC zombies online like helineus,madridguy,Freestuff etc, at least these ones can be noticed one day but the zombies online can never be noticed and will go to bed hungry once the 5kg of rice they shared to them finishes.

PressMyButton:
E choke wailers . The problem with wailers is that they don't think for themselves, they have lend their thinking faculty to others to piss on it.

There's a difference between sales and production. PH refinery has commenced production but has not began bulk sales to markerters yet. I read the news they were masturbating to, even at that, the report says, the delay in selling fuel to markerters was as a result of calibrating the meters/ loading pumps.

Go and read that report again and tell me anywhere it was stated that PH refinery is not producing, I challenge anybody.
Tell me where in the report you're masturbating to a marketer said production is not going on at the refinery. Enemies will continue to fail


After God, na Tinubu 💪

God bless NNPCL

God bless Nigeria.

We have always known that Tinubu is the God of zombies so we are not surprised. You can as well put Tinubus statue in your room and start worshipping and masturbating over it every morning and night.
May God punish you and the 49 fellow zombies that liked this rubbish you posted.

tundegan:
Tinubu is the best president Nigeria has ever produced.

This one here is another rice beneficiary, the rice they gave you will soon finish and you will be back to the streets. Eat the rice very well shogbo. Awon oloshi gbogbo.

FreeStuffsNG:
“Paying upfront significantly increases financial pressure on marketers, particularly those with limited capital. For decades, we’ve operated on a post-delivery payment model, which aligns better with our liquidity cycles.”

This could be part of the main reasons why IPMAN is resisting Dangote Refinery.

NNPCL is part owner of Dangote Refinery. There's no reason why it will not support patronage of Dangote Refinery. Once this takes off fully, the $1.8 billion shipped overseas in about a month will be conserved.

I do not expect anything much from an APC zombies.Once I see you supporting APC and this useless government, two things come to my mind, either the person is ignorant or daft. This is a very lame excuse from the marketers to keep importing, how are the marketers bringing the products from offshore? They are paying for the products offshore via letters of credits. Why can't the marketers also issue LCs in Naira to Dangote and the issue is solved for both parties. The bank undertakes the obligation once a LC is issued , that way Dangote is sure of getting his payment from the bank while the marketers will pay the bank at a later time that meets their liquidity.
To cite this as an excuse shows how shallow Nigerian business people are.

Sirchiboy:
It is sad seeing our young girls doing hookup because of failed society.
I met this girl..
Damn this girl was too beautiful to be doing hookup.
I asked her why is she into this.
Her story touched.

Her parents are very poor and she is the one sponsoring her self in school with the little money she make from business.
Omo this girl started crying 😭 that she needed some funds to continue her business in school.
That her business crippled.
That if she can see like reasonable amount that she will stop . .
I felt pity for her.
I wish I have the money.
I will support.
I know some hookup girls are very deceitful and lie alot but this one story was pure.

Please guys that carry hookup girls please be an instrument that God will use to change them .
Even if it is not money.
You can provide them with jobs.
God bless us all amen.

Dem don run you street.

lamentor78:
I don't like people that peddle lies, GEJ will have used 10 years as Nigeria President and 2 years as Vice president making him the longest service democratically elected president in Nigeria.

wawu, I didn't know being vice president is now same as being president.
See I'm a yorubaman but if anybody bring tinubu poster for my compound gate in this lagos for next election na that day I go make my dogs eat human raw meat.

MadamExcellency:
CBN should not give Dangote even $1. He should go to the black market like every one of us is doing.

A lot of you are just dense in this country and 43 people like your comment hence why we have someone like Tinubu as president. Whether Dangote source for FX from CBN or black market, he's a whale in the fx business.
If Dangote should source for FX worth billions of dollars to import crude from the black market ,what do you think will happen to the exchange rate the next day? 5000 naira to a dollar will be a joke soon just watch and see.
A lot of people had hopes that once dangote refinery start producing the pressure on fx demands will get lower in this country and exchange rate should drop but the reverse has been the case since he started. The importers of refined products are still importing pms while the refiner too in the name of Dangote is also importing crude oil due to lack of adequate governance and structure in this country. No wonder the dollar rate is already close to 2000 as we speak while ignorant zombies lead the useless government on.
Nigeria is doomed as much as I hate to say i

kunle4toyeyaho:
By paying up 69 different loans obtained by successive administrations, offsetting the $7b FX backlog, raising foreign reserve to over $40billion, reducing debt -revenue ratio to 65%from 97% ans strategically positioning the country as an investment destination. Any other question?

Just see yourself and what you listed there, are those tangible achievements that has benefitted you as a Nigerian and in what way.
I think the fundamental question you should ask yourself is , are you better off as a Nigerian today than last year before Tinubu became president ? The answer to that question for over 90% Nigerian is No, the remaining 10% are politicians and APC zombies .
How much was dollar before Tinubu and how much is Dollar today?
How much was a bag of rice before Tinubu and how much is a bag of rice today?
How much is a liter of fuel before Tinubu and how much is a liter today?
How much was my house rent before Tinubu and how much is it today.
What was my purchasing power before Tinubu and what is it today?
How much was I able to save out of my salary and how much can I today?
If the answer to the above questions is No for myself and over 90% of Nigeria is No then Tinubu is a total failure and no amount of garnishing you will do will shift this reality facing you away.

saintopus:
My question is why is it that since Dangote Refinery started producing why is the naira keep falling even though we were told that 40% of our FX is used for importing petrol.

The more you look, the less you see

It's because the people who misinformed you earlier did not tell you the full truth but exploited your ignorance.
I told everyone that cared to listen here that Dangote refinery will not solve any FX problems for Nigeria and naira will keep depreciating. It's logical because the crude oil you are selling to Dangote in naira is what we used to export to get the little FX we have , now the FX supply in the economy has shrank further despite we not importing as much petrol as we used to so there's no much gain there.
Most of the FX in our reserve is based on portfolio investors wanting to cash out on the high interests rates from CBN. They will be pulling out their funds soon the moment they realise that high interests rate is unsustainable.

Almiron:
Source: CBSNEWS

Smart move Trump, Trump was and would be the best president America has ever elected, I like his nationalism approach to governance and not father Christmas.
To the world Trump may be bad but to America he will definitely protect their interests to the last. Just look at what a president is already doing before even he's sworn in as president but here we elected a buffoon who promised to implement orasanye report only to have the largest cabinet in the history of the country while buying yatch, jets and exotic SUVs for himself.
Nigeria is a lost cause already I swear.

Tayorshd87:
What is our problems with dollar?

Even if it's #1 to 5000$ .

The answer is for us to stop using imported products and forget Abt importation then what else 🤔

Just look at this economic dunce illiterate asking what is our problem with dollar. What do you think is the cause of the incessant inflation we have today that is over 100%. You said you should consume what we produce , is there any nation in the world today thats totally self sufficient and does not import one thing or the other? Nigeria is even the least country that's import dependent because we import every basic thing, hospital drugs, fertilizers, farm machineries and even feeds for chickens which is why you are buying one egg now for 500 are imported into this country, yet you are asking why we are concerned about dollar when our very existence as Nigerians depends on dollars because we don't produce anything and even the raw materials for the few ones we produce are imported into the country .

NwaNimo1:
Nigeria’s Oil Export Earnings Drop to $12.1bn, Output Deficit Hits 308,000 bpd in Q2


https://www.thisdaylive.com/index.php/2024/11/12/nigerias-oil-export-earnings-drop-to-12-1bn-output-deficit-hits-308000-bpd-in-q2/

I told zombies here long ago that Dangote refinery and local refining of petrol will not reduce the exchange rate and some of them came up with all kinds of insults and even people that didnt gonto school were forming economist telling me import of petrol will reduce and pressure on FX will reduce to help the exchange rate. I just left them to their stupidity then.
It should be obvious to even the blind that the moment you start refining locally and you are selling crude oil in Naira , your FX earnings will reduce and the FX that is already scarce will become more scarce since you do not export anything significant other than crude oil .
The only way to help is to ramp up oil production to meet both local refining and export capacity to boost FX earnings.
Convert your money to dollar today and leave dunce APC zombies to keep waiting for Dangote refinery to reduce their exchange rate while dollar will get to 2000 before this year end.