₦airaland Forum

CockPit:
You have anything against Gambia?

Come see how we dey enjoy life here. The low population of less than 3 million, and Cheap accommodation.

Don't mind him, the way Nigeria is going any country in the world right now is better than Naija.
Ukraine, Iran and North Korea are better than Nigeria right now.

Bobloco:
Bro, my question has nothing to do with the exchange rate.


My question is centered on what ₦10,220 could afford in 1978, comparing it to what it can afford today.

Do you get the gist, bro?

Ane you don't think that is doing more damage to your position?
If 10,220 can afford most things that are unaffordable now and it's almost 20m now, it means massive inflation has eaten deep into the nation between that period and now.
Conversely, $13000 as at then is just about $ 60000 now, hence it is still able to afford most things it could afford then so what exactly is the point you are making?

I am tired of this drug baron's government I swear. From one bad news to the other Tinubu should be renamed badluck.
O ti sun mi gan.

Bobloco:
Whenever Peter Obi speaks, you learn a thing or two.

Is there something to learn whenever Tinubu speaks?

Bulaba and balabu is the only thing you can learn from the drug infested fellow called Tinubu.

Paraman:
https://www.google.com/amp/s/punchng.com/reps-receive-40-bills-on-constitution-amendment-set-december-2025-deadline/%3famp

The most important thing they need to include in the constitution is what they are not willing to face.
There should be a clause in the fraudulent constitution to allow for referendum to make any part of the country that want to leave leave in peace. This amalgamation is not working.
There should also be room for plebiscite where the citizens will decide what favours them and not some clowns in Abuja.

EreluRoz:
You can't tell me what and what not to post here. Go back to my first response to you.

Will you shut up old fool. You are being corrected for supporting rubbish yet you are still proud in your stupidity.
If I see some of you supporting this ongoing nonsense where I am I will punch you I swear.
Even if I want to restrain myself the aptamil I'm now buying for 21k or the drugs I'm buying for my aged mother at 100k will not allow me.
Be careful to say this cos you will get what you are asking for.

Throwback:
Why should exchange rate of the dollar cause a rise in the cost of living inside Nigeria?

That is the problem the government needs to address.

Eliminate importation of the commodities we should never be importing, like our fuels.

Are we importing agricultural products?

Those agricultural products you think we are not importing , we are importing them indirectly.
Fertilizers, feeds for chickens and even crop seedlings are being imported in Nigeria. Hence an increase in exchange rates is an increase in agricultural produce.
Even where we are not importing, I heard that Nigerian yam is being transported to Ghana hence the reason the local yam for consumption is now very expensive.

sirpharrell:
It is obvious that the recent steep decline in the value of the naira is not due to any proven economic factor.
It is artificial, mainly due to speculations by Nigerians.
I think the government should not intervene but ensure that there is little or no room for arbitrage as they seem to be doing lately.
Let the naira even fall down to 10,000 to the dollar if that is what the currency speculators want.
The market will naturally get to a bursting limit, like all ponzi schemes are bound to, where late entrants will lose heavily.
There is no difference between ponzi and what they are doing now.

What you postulating is easy in theory but very stupid and unwise in practice.
Adam Smith said and I quote "In the long run we are all dead" .
Trust me before dollar even get to 5000, there will be widespread chaos in the society. You think you have seen kidnapping just wait for what is coming.
Nigerians will start eating themselves, I don't pray so though.
The government should better intervene and not listen to this your dangerous advice.

Throwback:
Atiku’s defeat to Tinubu is so painful to Atiku that he will never get over it, even if he abandons Dubai and relocate to Nigeria so he can get his dying wish to rule Nigeria even if for 1 day.

He will continue to toil in vain with his boy, Adaobi.

How old are you child? Do you think we are joking here or what?
The country is in tatters and your concern is Atikus defeat to Tinubu.
Very soon you and your family members will be kidnapped and you will face reality.mumu boy.

I was warned last year that once this drug baron is declared as the president I should immediately relocate my family to the US.
I waved it off thinking he cannot at least make things worse than buhari since I felt he'sore exposed.
Alas, this is just 7 months after, this evil useless drug baron has made buhari look like a genius in all indices. He's worsened the economy while naira is now worthless. Kidnapping and robbery has become the order of the day while he's busy enjoying himself in France.
All of you that brought this evil on Nigeria will never end well in life.

linearity:
OPEC quota only try to limit production so as to control global pricing.

OPEC does not control who you supply or sell to once produced and Nigeria can cut her OPEC quota down anytime she wants and that would gladden OPEC because it will increase global price and benefit OPEC.

Nigeria can also increase her production above OPEC quota if she so desire.

Leave the ignorant fool let him keep supporting evil. Does he even know that Nigeria has not met her OPEC quota of 1.8m BPD for over 5 years now. We are barely producing 1.3m BPD and at a time we didn't even reach 1m.
So how can one ignoramus justify importing crude oil because of OPEC quota that we are not even able to meet.

The only way this country can be better is to exterminate APC zombies always electing useless people as leaders. They will elect them and still support them even when it's glaring to the blind that they elected rubbish. When you dig deep to confirm what could be responsible for such foolishness, you will realize it's only for tribalism and bigotry . I don't pity zombies and I want them exterminated so Nigeria can be better.

emkz:
Atiku can only shout and complain but can never propose solutions to the problems.

Is Atiku the one you elected as president? It's not Atikus prerogative to proffer the solution, let the drug dealer you elected proffer the solution.

matify83:
Without a doubt .

Anyone that has a problem with Waziri's submission is a true ENEMY of Nigeria.

It's high time we downplayed ethnoregional sentiments and call our leaders to order. We can not continue like this for another 3 years +.

The ineptitude of the Asiwaju led government to matters of the economy and security is truly troubling.

Was it not here on NL someone submitted that the dollars is going to hit 1500 and we all in unison condemned him. Now look at what is playing out at the Foreign exchange market! - Gross Disaster!!

After "grabbing and running away with it" he has discovered that running the country is much more difficult than winning elections hence the France private visit.

You are so spot on but APC Zombies will disagree with you.
A zombie's brain has been replaced with shit and he doesn't deserve to live. They need to legitimize guns in this country so we can exterminate zombies always putting us in this mess after every election cycle.

Gadafii:
so there is a train coach manufacturing firm in ogun state and Lagos state govt still went ahead to buy coaches for the blue rail from the United States

It’s either you are lying or Lagos state govt wanted to siphone funds

Of course even he himself knows he's lying.
He's just a drowning man clinging to any straw to sound good.
That coach manufacturing plant has never produces one coach of train since inception. It's just the usual smokescreen to cover up looting by the government and their Chinese collaborators.

Asswipemod:
Oh, does that change the fact that he is in trouble today because he stole trillions upon trillions of the same dollars and even borrowed his friends same? No matter how hard you try to White wash him and discredit the current CBN government, the fact still remains that he is in custody and will go to jail. You people are saboteurs who are upset because Hoebee didn't get the presidency. As long as you continue to play the ethnic card, your region will always amount to nothing.

Keep deceiving yourself, Emiefile is not going to any jail unless it's just APC media trial jail.
Someone the court already awarded a 100m payment for damages. He will come out clean as it has been with every media trial case by APC.
Hate him or love him , Emiefile managed the economy better than the present bunch of charlatans we have running the economy and causing hyperinflation.

blacknp:
Sure it is not a good idea, because people like yourself, many other Nairalanders like Bobloco, you want to enjoy without critical application, working hard & sacrifice?

Will you APC zombies stop putting the failure of the government on the citizens pls.
I despise people like you always trying to twist the narrative and telling innocent people to work hard and sacrifice as if Nigerians have not sacrificed enough.
Is it not the government responsibility to manage the economy?
If I may ask you, what sacrifice have the idiots in Abuja that you are supporting made themselves? Tinubu is buying foreign made SUVs with billions of taxpayers money while globetrotting with the unavailable FX and yet a stupid zombie like you is blaming the citizen for the government failure by telling them to work hard and sacrifice.
May it never be well with you.

This match is keenly contested. The kain tackle wey dey fly for this game no be here oh.

Tinubu should urgently legalize guns in Nigeria if that's the only good thing he will achieve in his administration. We need to have guns to exterminate APC zombies voting useless leaders every election.

Bluntemperor:
Dollars,Naira and Production Capacity:
-Do You Know That You are not better than those selling the Dollars for Naira- you know why?
Why do you troubles your Soul on N/Dollar Rate?
Why should Nigerians continued to talk on Dollars because Dollar is a Currency but we are not Producing anything to exchange - even the Natural Resources - God given Resources to Nigeria- the Crude Oil - have been Stolen till date- that everyone, except few in Nigeria, have Corrupted themselves!
1• What are we Producing in Nigeria for Exchange to boost the Naira?
2• What is the Productions of NNPC,the DISCOS Inputs of Power,etc,- to Nigeria Economy -- Zero Fuel, Zero Power( even as I'm typing - No Light in Ikorodu since yesterday,as I passed through the City and was informed this Morning) yet somebody is talking - $ to Naira?
Do you think US can do without lights in a day?
-If there is no light in New York a Day- so much Crimes will occur or don't you know what American Productions Capacity is Carrying? Are we really Serious here in Nigeria at all?
-Let us ask Mr Adebayo-what has been happening in his Power Ministry? Excuses!
-The truth is that Social Media Agents- are contributing Negatively, instead of Asking Serious Questions - from the MIDAS- Min and Depts-how far have their Departments been making impacts to Nigeria?
3• What has been the Agricultural Sector doing? Trillions (N) of Anchor Borrowers Money have disappeared through the CBN during your Governor Emiefiele,so no food in Nigeria!
4• What has been the Min.of Trade Approaches to Nigeria - Exports and Imports,to help Nigeria gain more Exports to other Countries?
5• What has been the Min.of Employments, Labour and Productivity Contributions- since their Budgets were signed into Law and how many Youths - have gotten Employments - since this Administration came to Power?
• Do you know that DISCOS are the real Enemies of Nigeria- because without Lights - No Industilisation will ever take place- No Steel Productions,No Manufacturing Companies will grow under usage of Generators!
•Make Una continue to Shout- Dollars to Naira,as if Germany is shouting - ¢ Euro to Dollars,etc. Without serious Productions - Nothing for NIGERIANS!

Are all these not failures of the government or why are you directing it to him.
You should channel all these problems to Tinubu and APC. They are the cause of the inability to produce. He's merely lamenting the resultant effect which evidently is the crazy exchange rate and why should he not say it when you and I know the prices of goods and services in Nigeria is dictated by dollar rate.

Angola dey ball abeg. See the mad finish from that agba baller striker.

This useless man that got CBN job by quota system and politics is just making pronouncement without any concrete action but giving APC zombies hope that is backed by nothing.
Since he assumed office as CBN governor he's yet to convene a MPC meeting and no single monetary policy has been initiated but he's banking on hope to reduce inflation.
He has politicized CBN and he's appointing APC members as directors in sallient departments in CBN while naira has fallen to 1400 under his watch but he's telling APC zombies that inflation will fall while doing nothing to stem the tide but only hoping.
God will make all of you suffer a miserable death including your evil supporters.

Paraman:
Nigeria spent over $10 billion importing refined crude last year, If the Dangote refinery can take care of Nigeria needs, are you telling me will still be dashing out over $10 billion dollars to foreign refiners?

In 2022, we spent about $21 billion importing oil

Please explain, I want to learn.

I will help him out to explain to you since you clearly want to learn.
Nigeria will not be saving anything close to $10bn even if Dangote does sell his products to marketers in naira.
For every barrel of crude oil Nigeria gives to Dangote to refine a price is being paid in FX i.e whether Nigeria gives it to dangote to refine and pay back in naira the alternive forgone is what could have been earned in FX if exported .
Now if Dangote sells to marketers in NGN and he repays NNPC in NGN it means Nigeria net FX revenue from crude oil sales will reduce as a result of production.
Where Nigeria will gaina little is because one barrel or crude oil is not one barrel of petrol hence we have to maximally turn all the constituents of crude oil to money and other constituents we can export to enable Dangote recover some FX to settle his loans but it's nothing close to your $10bn savings at all.

This one does not seem to understand the gravity of what he's requesting for.
For you to know level of chaos that will descend on Nigeria once gun is legalized, just imagine the madness inside Lagos traffic. Two people will brush themselves in traffic and instead of calling insurance will start fighting or even destroy their cars with wheel spanners.
What do you think will happen if one or both of them have guns.
Na pow pow pow straight.

elasticlala:
There is no sense in what he said.
How many people can become governors or ministers in Nigeria ? What is the population of Nigeria ? What is the probability that someone drawn from a million population can be a governor or a minister ?

If I have to become a governor or minister in a country before I can live a good life or say I have achieved something in life then, that is not a county..

It is because your mind is not working well and that's the only thing you can deduce from a myopic point of view.
He's making a point not from the literal meaning but from a logical perspective.
You cannot reach the pinnacle of your career abroad unless you are native or born there. As an immigrant, you cannot become CEO, ED,governor etc when you immigrate but you have that opportunity here as a Nigerian.

Abeg I need to go to twitter and see this for myself.
That comment on some guys coming every town hall day to shout bulaba and balabu really got me

naptu2:
Babajide Sanwo-Olu @jidesanwoolu

Well-done to the state government for renovating the stadium.
My own is why did the state government decide to build the stadium directly opposite the national stadium in surulere?
This stadium should have been built in epe,badagry or abulegba to further spread development within the state.
Imagine if Nigeria hosts the nations cup and we have the national stadium and teslim balogun hosting matches. The traffic and congestion in that axis will be mad, sighting of the stadium there was not thought through at all.

I swear this is the best match I have watched in this AFCON. Mauritania sef dey ball abeg.
It's not good to be using eye to underrate any team in Africa anymore.
Any of these two teams can beat super eagles.

NinjaMetahuman:
this ediot doesn't even know ad, ac, acn are the same party changing names after merger with other parties ov after rebranding, not a different party.

How old are you?

[i][/i]
Actually, you are the ignorant fool here. aD is not the same as AC or ACN. AD is the real Afenifere party and still in existence till today.
Tinubu decamped from AD with his structure to float AC when he was having issues with the party founders.

Christistruth03:
It is the same party
Tinubu never left his party since 1999
He only merged with others like Buhari to make his party more National

You are wrong, AD and AC which later became APC is not same party.
Actually AD is the real Afenifere party floated by Ganiyu Dawodu of blessed memory. They were the ones that provided Tinubu the platform to run as governor of Lagos. When Tinubu fell out with them he left and took his structure out of the party to form AC.
I think AD is even still in existence, so educate yourself AD and AC is not same party and yes Tinubu himself defected like any other Nigerian politician.

millionboi2:
you mean you spend 100k on fuel per month?

100k is even small on fuel monthly now. I spend over 150k on fuel monthly on my two cars.

ZKOSOSO:
Port Harcourt is not Lagos. Lagos is a tiny state with about 35million inhabitants.

Lagos state govt should make him pay 7.5% gas flaring tax.. specially.

Do you know what is called a free trade zone?
Dangote is operating from a free trade zone.Lagos or Nigerian territorial laws don't apply to him.