₦airaland Forum

What? Dr KC? Jesus .. I know him him, very quiet friendly guy.. RIP my man

As far as I'm concerned, this Ohaneze criminals are representing themselves.. The old shameless ediots should go and sit down and stop bringing shame to Igbo land.

Adaure4ever:
I will be a First Lady one day.

Yes, we will be there together someday

You people should leave the woman alone.. It's just a simple mistake and nobody is perfect..

DashMeYansh:
NYSC is total bullshitt. I once had a Turk ask if Nigeria conscripts people to the military and I was like WTF! only to realize he meant this. I did my research since I was even more clueless than him, I was not impressed.

Transferring people to different regions where the native populace is unfriendly, or not being able to guarantee their safety and accommodation properly is shameful not to mention it's a good way for corruption

Someone tell the Cow Rustling Dullard when next he's in the country to scrap the NYSC program.

This boy always make some damn funny comments..

He is a coward

The zombies scratched face animals will not like this

Obiagelli:
Never trust anything from vanguard newspaper

You are an irredeemable shameless hypocrite.. Spits on your head!

This ewedu eaters from brown roof republic sucks.. You think your malicious propaganda works on people like Bruce? You guys might be lucky with GEJ but Nigerians are wiser now..

See the way Yorubas are running ammock on this thread

mallamseifaldin:
What is the common sense in lavishing millions of naira at EKO HOTEL because of common birthday....

CONTINUE DECIEVING THE GULLIBLES WITH YOUR COMMON SENSE GOSPEL..

If you call 60th birthday common, I pray that you will never celebrate your 60th birthday..Oya shout Amen..

emdafe:
Madonna University Elele campus comes to mind. Same thing happened to my niece there.

That's a fat lie.. Madonna and her sister school, Caritas University always release their results every semester.. Before you register for a semester course, you must have seen all your past semester results because you won't be allowed to register a new course without registering all your carry overs first.. Maybe you niece is one of those unserious students that don't write exam..

41lady:
Based on my little knowledge of trilema triangle in economics, country can only achieve two out of the three impossible options within the triangle- fixed exchange rate, capital mobility and independent Monetary policy.

In the case of Nigeria, floating exchange rate (dollar) rather than fixed and allow market forces of DD & SS to determine the value of goods and service (i.e. allow capitalism) but when the government decide to devalue naira without goods and services to export whereby the crude oil,the country dependents on have depreciate in value, the masses will suffer. China RMB has been devalued because the country fixed their manufacturing sectors, which makes their local firms to operate at lower cost and makes their products cheaper at the international market.

Thus; since Nigeria don't have technology to go into electonics and I.T product manufacturing, a good step in a good direction is to put in place all the Agricultural sectors-the irrigation,extensive farming in functionality, fixed electricity, revive the manufacturing sectors that are not functioning then Nigeria can now devalue naira to encourage export. When a country devalue its currency without corresponding available products to export, it will lead to recession, because the rate of inflation will increase along side with high unemployment rate.

In the case of hoarding dollar to make naira appreciate, that may not work without sufficient supply of local food stuff which is the basic needs. And how can that be achieve, by making the processing equipments close to the farm, whereby the farmer don't need to travel thousand of kilometres with the produces for processing, like rice, palm oil, groundnut, cassava, soya bean, Benny seed, ginger, chile, beans, rubber, cocoa e.t.c that will create avenue for preservation which will last untill next season or before it is transported to the market without getting spoilt and the farmers will get their revenue and be encouraged.

I was surprised to hear that Malaysia got her palm oil seed from Nigeria but now Malaysia is the highest exporter of palm oil while you may ask, because the government and private investors have made the processing equipment closed to the plantation farm. As it is harvested, immediately processed and package for export and or distribution. They also have machine that can remove chicken feathers.

These our leaders knows all the stuff that can fix this country but they are selfish. Only send their children abroad to study and come and continue to rule the country from where they stop.

Bro please do you know something about the end product of Benny seed? Please pardon my ignorance..

cckris:
1000 Naira to the dollar will be so much HELL for Nigerians that even the privileged few will join the protests. It's happened everywhere else. The 6 trillion naira budget contains enough loopholes TO STEAL at least 2 trillion naira of borrowed money in one year. But the population of enlightened graduates is growing, in this IT generation. The bubble's gon burst soon, very soon.

Omo the thing tire me I swear.. Na Sidon look I just de for now.. Let me just observe from one corner how things unfold.

phlamy:
Western union and money gram are still been collected in Nigeria just that it has to be in naira and not dollars which is the perfect thing to do otherwise where will the dollar come from- heaven? NO
The dollars will sRichard bagwelltill come from the small we have

can't the FG keep their own $$$ while we keep our own(WU, MG, etcetera)? That will reduce pressure on $$$ imagine where I earn $7k in month but bank give me Naira equivalent... Now I wanna go abroad to study, they tell me to go to BDC and buy $$$ at 400/$ What da fvck is that?

Stelvin101:
Federal government are the ones making this economy bad. They said dollar is scarce in the international trade and yet they don't allow raw dollar into the economy such as western union and moneygram transactions. Now ask yourself this question. Do we really have a functioning government?

I believe government should reverse that decision and you will see how little that decision can change things. 80% of dollar coming into this country is through western union and moneygram. What is this government really doing? If there is excess dollars in Banks our Naira value to a dollar will increase. Another method to increase the state of our currency purchasing power is through increase in productivity in Nigeria but the thing is, ordinary toothpicks and toothbrush we import. In this world today you have to be productive as a nation else you are doom no matter the amount of Natural resources a country has. Nigeria wahala too plenty sef. I tire

Bro you are right.. I never thought about this.. Could you imagine that between 1st January and now, I earned $17k but I didn't see the $$$ .. The bank only gave me Naira equivalent of N195 (collecting even the remaining 2 or 3 Naira ontop ) ... Had it been they have me this $$ likewise other Nigerians, there wouldn't be much pressure on Naira..

cckris:
Obiageli Aku is side-stepping the FACT that the United States was formed in 1776, based on the nearly perfect THEORY OF THE STATE, by Jean Jacques Rousseau in 1762, for individuals to form an organised people, or STATE.
NATIONAL CONFERENCE is the most appropriate forum for the disparate ethnicities that pretend to be Nigerians, to AGREE TO FORM A STATE, based mutually beneficial Terms & Conditions. This is the political FOUNDATION upon which a SUSTAINABLE ECONOMIC FOUNDATION can be built. Without this, CAPITAL FLIGHT will continue to siphon whatever billions of dollars accrues in FREE OIL MONEY.
Prof Wole Soyinka is again advising Buhari to convene an Economic Conference. Military 419 Constitution is the reason things that work in other places fail here. Even if Buhari borrows $100 billion, they will just evaporate in Capital Flight into well-organised countries, where rights & properties are protected by a Strong Judiciary.

Thank you my brother.. That national conference will give birth to true federalism which is the panacea to all our problems.. But we keep deceiving ourselves all this while propounding economic theories( beautiful theories that has worked wonders in other countries), but the question is, why is it not working here? The answer is faulty foundation.. We copied the US constitution but refused to copy their political and economic structure, that's the bane of our problem and until we correct this criminal mistake, we will keep propounding beautiful theories but it will never work.

2rutalk1:
That will weaken the naira the more due to Purchasing Power Parity (PPP). The only thing that will save our naira at the moment is export promotion. As far as we remain an import dependent economy as well as a mono-economy, no amount of dollar pumped into the economy will ameliorate the situation. This is not a matter of the quantity of dollar in circulation. It is however caused by low level of productivity leading to low/no export of goods and services across borders.

Thank you... How can we encourage export promotion (economic diversification) if we keep practicing this unitary system if government where FG controls all natural resources?

True federalism is the answer.. Zones with oil can decide to manage with their oil while those that don't have will be forced to think with their brain rather than their anvs .. Until we adopt true federalism, we will continue running around like a wild animal. Just like my friend deapreye said, Nigeria has a date with the truth!

#SueInNairaToGrowNaira

poseidon12:
Exactly.

Don't mind them.. They know what to do but ,they are just running around in circle deceiving themselves. bunch of hopeless gorillas that called themselves leaders..

Omenkata:


i love this man

give me Fayose and BMB anytime

nightmare to apc bastards

the useless gworo grinding bastard is busy adding bastard criminals in to his propaganda useless crew while the country is completing 95% recession.

anybody that doesn't see sense in this man's post is not wishing this God forsaking country well and such person deserves to be killed by firing squad or die by bomb Insha'Allah amin.
Buhari is a useless nonentity bastard vagabond old hag, docile most useless incompetent hopeless kunu drinking scumbag president worldwide.
useless bastard terrorist Daura dullard gworo chewing bastard burukutu sipping gorilla.
hopeless pedophile monkey mumuhamado mumuharii

.. Bros I hope you are well protected? They will pick you up ooo.. Take am easy oo

sexyjob:
And that one is money laundering

Sure but if you understand how the system works, you gats no problem.. Man gats survive!

Originalsly:
True...but banks?....with the huge disparity in the bank and street rate the ones receiving would be shouting at the senders demanding that they not send via banks...but some other means where the street rate would be received!

Unless it's sent via dom account but you know, the transaction charge is usually very high. So the sender always prefer direct wire transfer to your local account and with that, bank will give you naira. Even through other means like WU, MG, Express money, etc, bank will still give you naira..What they normally do now is to send it through courier service with other items..with that, you just get your $$$$ without stress..

And what are they gonna discuss at the economic conference? ... The only remedy to our situation is true federalism...

Are you kidding me

chelseabmw:
Internet Fraudsters aka Yahoo Boiz Are Smiling This Period

That's not true... Banks pay naira equivalent...

Originalsly:
Guess those who receive money from relatives abroad would see a big increase and be smiling all the way to the Malls.....but... the relatives may cut back on the amount they send to maintain the same amount of naira received at the other end.

Banks gives you naira equivalent not dollars.

MzPecs:
Ah swear!

That's not true.. Any hard currency entering Nigeria, bank will pay you in Naira and of course, the official exchange rate. Unless you have a domiciliary account but then, you can't just pay money into a dom account from abroad just like that unless it's dom to dom wire transfer.. Not everyone abroad has a dom account..Anyway

Ebukaobi:
The Old senile man has started running his mouth again

This old man is a pastor and I have never seen him share the gospel of Christ or write any Christian material

All he does is criticize Buhari and APC out of hatred and pain that his jesus on earth= the ineffectual buffoon called Jonathan lost woefully at the polls

Nigeria is facing an economic crises today because of the massive pillaging of our public finance under the otueke drunkard.

I will take the failed academic seriously when he provides any meaningful solutions

Useless old man

You are a hopeless animal that is suppose to roast like a Christmas goat.. Zombie

Can EFCC provide evidence of all this allegations in court knowing how wack our constitution is? ... We always knew ihe the case started but nobody ever knew how the case ends... Anyway it's none of my biz..