₦airaland Forum

saintopus:
Why they've not started to sell kerosene is what I am worried about.
The PH Refinery has the capacity to produce 900,000 litres of kerosene daily but could not sell it at the Filling Stations.

Sirmwill:
Sounds true.


But
Where is the proof?

just2endowed:
its normal. during december there seems to be significant inflow of dollars from abroad and every family will want to send money home to theior love ones. the inflow should stop by january.

God1000:
https://punchng.com/fg-fires-togo-benin-degree-holders-from-mdas/

LibertyRep:
Even the Oyedele himself knows it's not possible, no just dey whyne ASUU.

Everyone deserves a better pay commensurate with their output, including the lecturers

obinna58:
Another round of innocent people killings, soon news go break

femisplash:
If this process is carefully followed through, we could be well assured of 70% budget performance.

nlfpmod:
https://x.com/fkeyamo/status/1864574111625670886?t=FLzGy_aiMc63bc8bNxwydA&s=08[/quote]We'll see how far and long this goes!!

These things are easy to get rid of, once the will is there.

Just put it in the rule book that a single act of requesting or soliciting bribe is punishable by immediate dismissal - whether na 'happy sunday' o or 'wetting you bring come'.

Just appoint professional civilians (chartered accountants, doctors, senior lawyers etc) who travel a lot as anti corruption marshal. Once they come back into the country, if they witness any solicitation at the immigration desk, they immediately call the task force number. Within minutes, Airport Special Security should arrive to whisk them off for immediate prosecution, judgement and dismissal.

FILEBE:
Not cars from 2012. Majorly all suvs have the back tinted and that is factory tinted which is allowed

nairalanda1:
Agree with the police here.

For years I have always been suspicious of those who tint their car glasses. It's like...what are you hiding? Who are you hiding from?

millionboi2:
mumu, multiply it by how many transactions you will make a month,fool

TossTos:
I received 30k deposit not long and 50 naira was debited..

Oh my ...

When I wan com recieve another payment of 17k+ that person come split am into two .. see the picture below ..


PBAT , go amaze us more than before ..

MadPolitician:
Finally, Tinubu and his overzealous tribal henchmen have managed to bring the much needed attention of the whole country to Lagos state. For a very long time, lagos has been cornering everything that should go to the rest of the country. They have hyjacked most federal properties in Lagos, including the former state House marina. Nigeria can not grow without solving the Lagos problem once and for all. Maybe this tax bill is a blessing in disguise for the country

ebukal67x:
This tax bill is really bad for the North. Even the South East and South South will also suffer from it. Only the South West will benefit.

kestolove95:
The problem of Nigeria is the north

treesun:
https://www.vanguardngr.com/2024/12/tinubu-tax-norths-anger-grows-as-youths-attack-deputy-senate-president/

Ayoefa:
Really, so where in Nigeria do people driving high end cars get their own petrol?
Everyone in Nigeria regardless of what they drive buy their petrol from the same station at the same price.
Here in the US, if you drive high end cars, you have to choose Octane 93 petrol which cost more or else your car will break down.
Go and verify.
People driving RR, Rangers Rover, Mercedes and other high end cars in Nigeria are using the same petrol in Nigeria.
That's not the case here in the US.

If you use that 2 70 petrol in your RR or Mercedes, it will break down.

madridguy:
What use is a nation's wealth if it is not deployed in the service of its citizens? Let Nigeria's oil be a blessing once more, not a bitter reminder of inequalities entrenched and lives disregarded.

datola:
The same Total Energy that took $Billions investment to another African country the other day saying Nigeria is not a serious country.

PressMyButton:
Why would NNPC sell 3year old stock at N1,030 instead of N149.. Why must Oil Marketers agree to buy old stock at such a price?. Oil marketers must protest and shut down PH refinery.. Headless mob have a sense of a tadpole.

adenigga:
Source: https://Dailytrust.com/5-soldiers-30-terrorists-killed-as-b/haram-attacks-troops-in-Borno

sojayy:
2 billion bawo, this lie too muchhh

ogododo:
https://www.vanguardngr.com/2024/11/hardship-more-childrenll-wear-used-clothes-at-christmas/

EmekaA125:
Same power supply Mr Adelabu was boasting to have stabilized for 20hr/day the other time. Kai, lying on a national tv is becoming common to these people.

Blazetrailer:
Lol...Read what you wrote again.

For someone who started by stating that prosperity of nations are measured by Budgets....you have come along well. I am happy that you have not buttressed any of your points with solid statistical and verifiable evidence other than things you assumed, conjured, felt, believed or supposed. That is enough admission you dont know nada.

Do you think other cerebral people who measure GDP for comparison simply just take a value and divide it by one random exchange rate and then compare countries? If it were so, then you wouldnt need more than a primary school certificate to work in places like WTO,World Bank,IMF,UN, etc..

.....and if GDP were driven mainly by exchange rates, then China and Japan should not be ahead of countries like GB,Euro zone countries,Austratila, etc. because a country like China thay artificially devalues its currency on daily basis should have much lower GDP than those countries i stated above if you postulation were true.

Using number of industries to gauge GDP is very stupid to put it mildly. Hypothetically citing the number of industries as drivers of a GDP is not only dumbfounded but smacks of someone with little idea in even using the right logic for arguments. It is more fallacious to think GDP is a function of your industry alone, it includes other things as your natural resource extractions, services, etc. Any sensible person will recall that Nigeria surpassed SA in 2013/14 when Nigeria's GDP were revalued to include the entertainment industry andnother services oriented,m knes thatvwere not captured initially. it never mattered to the global bodies (UN,WHO, AfDB,WTO,IMF,World Bank, etc that use the stat)whether SA had 1000 times industries more than Nigeria. What is being valued is the total value of output. If it was wrongly inflated, they would have rejected it or adjusted for the inflation accordingky ans Nigeria would not have been 1st.

For the umpteenth time, Nigeria's GDP fell to 4th not necessarily because of the devaluation of naira but because of the contraction experienced in the production of goods and services and the forecasted contraction into the future. Read up! I am tired of telling you this. The IMF report of March 2024 never stated that Nigerias GDP was dropped to 4th in Africa because maira was weaker but because it grew slower than they forecasted ( 2.56% instead of 3.3%) and this was mainly due to dwindling production of oil output.

Your knowledge is so limited. I dont even bother to read the gibberish you write anymore( for fear of polluting my brian), i just post the remainder of points i had from my last post, even at that I know it will be more accurate than your nonsense.

Blazetrailer:
If only you had a bit of pedagogy you could have saved yourself the public shame you are bringing yourself to. For someone who does not understand how to compute real GDP and the use of GDP/capita, making anything out of gibberish you wrote below is nauseating enough.

Now listen, the problem is not the indices you used(GDP/GDP per capita) but your conclusion and application from them.

For instance, globally nobody, i repeat, nobody calculates GDPs without normalising it for both inflation and exchange rate differences. A JS3 Economics student knows this. In calculating GDPs, nobody makes the dumb and smipleton-like error of just converting it to USD when the USD itself is subject to fluctuations against other currencies, It then means there would have to be multiple computations for one Country's GDP against other various currencies of the world if they need to compare. Surely, the world bodies(IMF/UN/World Bank,AfDB,WTO, etc.) are not that stupid. They use what is called PPP index which is a factor that takes into consideration all global currencies and their relative exchange rates to apply to their computation. Simply stating that you compute GDP in local currency and convert to USD shows clearly you do not have an idea of what you were talking about. Mentioning that Nigeria's GDP was overvalued showed your shallow understanding of how global economics worked. The global calculators don't use CBN rate or black market rate, they used the PPP index. Your stupid example above shows you to be an illiterate in Economics, it is not that simplistic.

On the per Capita issue, again you exposed your lack of knowledge. Per capita comparison is usually used when you want to individualize the prosperity of countries and never on a national basis. This is because it is now driven by the population and it can only be used to measure the conditions of individuals in different countries. For instance, Luxembourg as a GDP/capital of $142,214 while US has $76,399(2022 as per WTO data). What this means is that an individual in Luxembourg has a much higher production than and probably more wealth creation than an individual in the US. It would be dumb to state that Luxembourg has a better or larger economy that that of the US when in fact the US GDP is 250 times more than that of Luxembourg(US=$25.64 trillion vs Luxembourg=$82billion as of 2022). When using per capita to compare countries, subjection is made for the population. Only simpletons would blatantly use per capita computations without individualizing it. Again, a A JS3 student of Economics will consider himself a failure if he did that.

It also appears to me that you dont know what productivity means hence your blabbing about it. Productivity is defined as rate of output relative to the input. I used the MTN example to point out the fallacy and dumbness in your point that because MTN's HQ is in SA hence Nigeria could not have had a better GDP than SA. What an infantile assumption!! Its akin to saying that since Volkswagen has its headquarters in Germany, there is now way its market in China(VWs largest market in the world) can be bigger than that of Germany. For context, MTN Nigeria received 18% of the total global Capex expenditure of MTN Group but contributes 53% of the global EBITDA(source: 2022 MTN Group financials) whereas, MTN SA got 21% of the global Capex but contributed 29% of the Group's EBIDTA. What does that tell you? MTN Nigeria was more productive. Infrastructures and facilities do not translate to GDP, otherwise Japan would be number 1 in GDP compared to others.

I hope you have learnt something today. Please stop disgracing yourself.

orisa37:
SUBSIDY REMOVAL IS GOOD. BUT MR. PRESIDENT MUST TAG THE NAIRA NOW AT N500 : $1 AND FIX PETROL PRICE AT N500 PER LITER.

Blazetrailer:
Lord have mercy!!

I read it up to the point where you stated that Nigeria was number one GDP in Africa because of the artificial overvalued currency and I knew right there that you either do not understand how GDP is calculated or you just wanted to be economical with facts.

GDP is not calculated using exchange rate but the Purchasing power parity index( a type of exchange rate that shows what consumers from different countries would pay for the same amount of goods and services). Nigeria's projected GDP fell from 1st to 4th now( and projected to be 5th behind SA, Egypt, Algeria, Ethiopia and Kenya by end of 2025) not necessarily because of fall in the exchange rate of naira but more because of the revised growth projections necessitated by some poorly implemented policies of the last 3-4 years and worsened by the current Tinubu administration's haphazard and disjointed approaches.

Again, I have been to SA many times but I am learned enough to also know that GDP is not driven by the infrastructures but by the value of your total output including extracted natural resources. That is why countries like Saudi Arabia( a non manufacturing giant) will be ahead of manufacturing powerhouses like Sweden(Auto/Pharmaceutical), Switzerland(Pharmaceutical), Thailand(Garment,Auto,etc), Norway, Belgium, etc, in the current pecking order of GDPs. Common sense should also have told you that even though MTN has its headquaters in SA, nearly 50% of its revenue is generated from Nigeria while SA contribured less than 23%. Something is behind that statistics. Productivity is higher in Nigeria.

Finally, I laughed it off when you began to compare per capita income. Your sense should have told you that anything per capita is driven by population and since Nigeria's population is almost 4 time of that of SA, such will be affected by sheer number of people living in Nigeria. This explains why the GDP per capita of countries like Luxembourg, Qatar, Norway, Switzerland are far better than that of USA despite having far lower overall GDP than the USA. Does that mean the USA's GDP was inflated??

All of these give credence to my initial assertion that you probably do not have the full idea of what you are talking about and just wanted to join the bandwagon without the necessary knowledge. Using budget to gauge prosperity of countries is completely wrong ans inept.

VaselineCrew:
APC people say Tinubu is working, yet everyday evidence of life in Nigeria shows the complete and utter OPPOSITE.

Right before our very eyes, some Nigerian notes are becoming, or sorry, have become, absolutely worthless

So, when last did you guys carry these notes?

As for me, I don't even bother carrying anything less than N200 nowadays in my wallet.