₦airaland Forum

Who told you Augmentin is for STI

Curious345:
The smallest state in Nigeria with a mighty budget of 32 states combined , yet it still remains the worst place to live on earth

No road
No refuse disposal
No water
No security


Useless place indeed

Na corruption

The moment Yoruba Muslim become the majority in all 6 SW state, they will show their real colour. They can use Kwara state as a case study

Fake story

Floppy disk

nlfpmod:
https://nairametrics.com/2023/09/03/japa-132000-nigerians-got-visas-to-the-uk/

Imagine those 132 000 spent an average of 5000 pounds to relocate, that is 660 000 000 million pounds to the UK economy

othermen:
When employees of the Central Bank of Nigeria (CBN) themselves engage in speculation, how can they effectively engineer interventions that truly serve the public interest? In the absence of a well-considered game theory approach, is it reasonable to expect that adversaries of the Naira wouldn't take actions to counteract the objectives of such interventions?

Consider individuals in the diaspora who start as students but, upon gaining employment abroad, benefit from the depreciation of the Naira, making them wealthier. Similarly, individuals within Nigeria who hold well-funded foreign accounts may not find it advantageous for the Naira to appreciate. Even employees in commercial banks, especially those in foreign exchange roles and upper management, have profited substantially from the Naira's decline. With their personal funds stored in dollars, it's unlikely they would support policies aimed at strengthening the Naira, as such measures might diminish their personal wealth. Instead, they tend to hoard available dollars or purchase them, deliberately creating scarcity and driving up demand, which in turn elevates the dollar's value, allowing them to capitalize on this difference in the black market.

The inability of the government to stabilize the exchange rate implies a lack of economic stability for international trade. And yes they know that what is required is an economic environment that fosters a steady demand for the Naira, yet they continue on a path of abject ignorance which is mostly pretentious as to the means of accomplishing such.

The solution may not lie in adhering to academic suggestions such as using interest rates to stabilize the Naira's value or relying on non-existent savings from subsidy removal to bolster our reserves. Instead, we need to address the issue of conflict of interest, reconsider the Dutch auction system we employ, explore alternatives to the dollar (Why would we continuously rely on the dollar when the economic conditions between Nigeria and the USA significantly differ, causing undue strain on the exchange rate due to these disparities?) , again, explore alternatives to the dollar, and develop policies that better suit Nigeria's unique economic circumstances. This includes recruiting talented minds from the bureau de change sector and compensating them generously, thereby aligning their interests with a stable Naira. Collaborating with capable experts abroad is essential. The CBN should be transparent and institute mechanisms for employees to disclose their conflicts of interest. Furthermore, establishing a body comprised of astute bureau de change operators, accomplished CFA charter holders, seasoned economists, and proficient professional accountants with expertise in the FX market is necessary to engineer effective policies.

While we build such a team, we must recognize that the knowledge possessed by this particular group is informed by perspectives and insights originating from perhaps our adversaries, who just by having the interest of their country at heart becomes our adversary. Acknowledging such will help mitigate a possible situation where the knowledge held by CFA charter holders as a result of their certification is notably influenced by the finance and economic orientations prevailing in the Western sphere to be in their service. Hence, an alternative category of developmental economists and sociologists, who experts in research, should evaluate different options beyond the existing systems of knowledge. I believe that the existing systems often require we apply established knowledge in a manner that further disadvantages us.

Our Central Bank of Nigeria (CBN) should serve as a hub for researching alternative approaches, focusing on evaluating studies that diverge from conventional Western textbooks. It's disappointing that despite the resources at the disposal of Dr. Michael Adebiyi, the Director of CBN's Research Department, only one or two studies with similar conclusions—centering on domestic market focus to impact the exchange rate—exist.

The CBN must also fund studies that explore potential international markets for local products and examine how current institutional knowledge serves the interests of those seeking to exploit nations like ours so as to build mitigations. Instead, ‘No’ we want to be excited in the emergence of smooth talkers and private profit oriented achievers like Taiwo Oyedele, who however his best interest operates in a mind framework not necessarily in our interest.
Even with Okonjo Iweala's Harvard degree and international expertise, her knowledge might not fully align with safeguarding our independence from both international and local economic disruptions.

The CBN needs to cultivate a suitable mindset and ideology. So, offer grants to bright members in Nigerian universities, for research aimed at alternative economic development frameworks. So, do away with recruitment practices plagued by cronyism and nepotism for over a decade that has forced our most talented minds into the hands of our adversaries.

In essence, achieving a more stable Naira requires a holistic approach that addresses conflicting interests, revisits existing systems, and taps into the expertise of professionals from various fields, while considering evaluating scopes beyond the narrow “Essential Economics or Advanced/Strategic Financial Management or even a CFA which emphasizes more of portfolio management or private wealth management that may be an adversary to the knowledge required for the advancement of our national economy.

Only through such comprehensive efforts can the CBN work towards a fair and equitable economic landscape for Nigerians. Not the existent approach that makes a class in middle class pray that the Naira is entirely jettisoned for perhaps Yuan, and yet another class prays that the Naira continue to weakens.

Nice comment

*100% FIXED MATCH⚽�⚽�*

Are you tired� of losing your hard earned money��� on betting?

Start earning big �as we supply You with *fixed matches & correct scores* that has been purchased by our hard working Agents in Europe ������.

Free daily tips would be giving daily at your own risk�, so bet with your spare money.

Only our VIP Subscribers��� would be supplied with games according to their subscribed rate.

*Available service are�*
(1)5 Odds twice for one week. ▶▶ 5k

(2) correct score 12 odds twice for one week ▶▶ 10k

(3) HT/FT result 40odds and above, twice for one week ▶▶ 15k
Join our WhatsApp group
For fixed matches and correct score https:///CiMplcKbOnjH0CS3XrNd03

*100% FIXED MATCH⚽�⚽�*

Are you tired� of losing your hard earned money��� on betting?

Start earning big �as we supply You with *fixed matches & correct scores* that has been purchased by our hard working Agents in Europe ������.

Free daily tips would be giving daily at your own risk�, so bet with your spare money.

Only our VIP Subscribers��� would be supplied with games according to their subscribed rate.

*Available service are�*
(1)5 Odds twice for one week. ▶▶ 5k

(2) correct score 12 odds twice for one week ▶▶ 10k

(3) HT/FT result 40odds and above, twice for one week ▶▶ 15k
Join our WhatsApp group
For fixed matches and correct score https:///CiMplcKbOnjH0CS3XrNd03

*100% FIXED MATCH⚽�⚽�*

Are you tired� of losing your hard earned money��� on betting?

Start earning big �as we supply You with *fixed matches & correct scores* that has been purchased by our hard working Agents in Europe ������.

Free daily tips would be giving daily at your own risk�, so bet with your spare money.

Only our VIP Subscribers��� would be supplied with games according to their subscribed rate.

*Available service are�*
(1)5 Odds twice for one week. ▶▶ 5k

(2) correct score 12 odds twice for one week ▶▶ 10k

(3) HT/FT result 40odds and above, twice for one week ▶▶ 15k
Join our WhatsApp group
For fixed matches and correct score https:///CiMplcKbOnjH0CS3XrNd03