Dee60's Posts
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 Business › Re: What Can Five Naira Note Buy Nowadays? by Dee60: 2:54pm On Sep 23, 2020 |
It is probably meant to be a souvenir to remind you of those days when Naira was Naira, before the politicians came to dabaru everything. |
| Politics › Re: 42 Ambassadors Await Postings 96 Days After Senate Confirmation by Dee60: 1:54pm On Sep 17, 2020 |
Wow! 50pct increase in VAT still no money to send ambassadors out. What are we using our funds for? |
| Politics › Re: Mali: Osinbajo In Accra For ECOWAS Summit (Photos) by Dee60: 4:12pm On Sep 15, 2020 |
IamWonderful:Amen. 3 Likes |
| Politics › Re: Ajomale: Osinbajo Capable But Tinubu Has The Experience To Lead Nigeria by Dee60: 11:29am On Sep 14, 2020 |
A man who has been governor for 8 years and the one who would have been VP (inside Aso Rock) for 8 years, by God's grace - Please who is more experienced? 1 Like 1 Share |
| Politics › Re: Kingsley Moghalu: Subsidizing The Naira Blocks Nigeria’s Economic Takeoff by Dee60: 2:52pm On Sep 12, 2020 |
Reference:In what areas do we have comparative advantage? Even with primary produce like Cocoa, Cashew, Ginger, Nigeria is seen as a last resort. I know that for a fact. Buyers will mop up Cashew from small Guinea, Ivory Coast, before they touch Nigeria. Quality, processes, etc are not trusted. On finished products it is next to ZERO. Now, people are exporting KuliKuli, Milo, Maltina, garri. Apart from Nigerians outside, who will buy these? All the value is what - less than 1million dollars. Serious countries do not call that export! Nigeria's earnings go far beyond some of those things you thought I was referring to. The billions remitted by Nigerians living abroad. The billions collected as dues on ships entering Nigeria. The billions earned from sale of crude. Those are the 'we'. I can go on. The fact is that a free-fall will not necessarily improve our earnings in these sectors. Imports will drop, so will the earnings on trade related forex. Remittances may not increase, because the supply side has not changed. Crude oil revenues may not go up because supply is capped by OPEC. How will a free fall suddenly improve export? I am glad you mentioned that you export. Are the processes encouraging to you? Try to scale up and see how the system will charge against you! By the way, the major exporters in Nigeria today are Asian companies. They have their own use of forex and may not really mind a really bad Naira. I totally agree with you that if you earn dollars, you should not be forced to sell to CBN. Its your earning. It should just sit in your dollar account. Closing, until the country blocks the holes and leakages (and we dont even know how big they are), toying with free-float could lead to an uncontrollable regime like they had in Sudan and Zimbabwe. 4 Likes |
| Politics › Re: Kingsley Moghalu: Subsidizing The Naira Blocks Nigeria’s Economic Takeoff by Dee60: 2:28pm On Sep 12, 2020 |
dacool1:Thank you. Some economists always want to compare us with countries where systems work. In Nigeria, it is not the same. here, people loot so much and store their loot in dollars. If you free-float the naira, they will not mind. The few dollars we earn will end up in their roofs and they will have 24x7x365 Police protection. Business will suffer as a result and poverty will multiply. 1 Like |
| Politics › Re: Kingsley Moghalu: Subsidizing The Naira Blocks Nigeria’s Economic Takeoff by Dee60: 2:23pm On Sep 12, 2020*. Modified: 2:39pm On Sep 12, 2020 |
AmigoDeDon:No doubt that will spell the end of the Naira. This is asking Nigeria to go the way of Zimbabwe. The currency will just become useless. For the avoidance of doubt, Naira is actually currently under-valued! What kills the value is not just over-reliance on imports but the fact that looters prefer to store their money in hard currency, as they wait for an election that is 3 years away. It was discovered at a time that any time FAAC was shared price of dollar will instantly go up. Why? - The answer should be obvious. There is a demand for USD as a store of LOOT. The economy has not been factoring this in. There was this ex-NNPC chief who had close to 10 million dollars in a village house! There was the other 144million USD cash found in a house in Ikoyi. Do we know how many other such 'dollar stores' are not found? Oga Kingsley, with all due respect, your suggestion will destroy the economy. There is no sane country where you buy forex on the street without documentation. The politicians will not make a law to prohibit holding dollars outside the banking sector, because that law will affect them the most. As a country, we are yet to start - and right now we are a laughing stock, to the extent that a British leader once said that our country is fantastically corrupt. 7 Likes 2 Shares |
| Politics › Re: Nigeria’s Debt Hits N31trn – DMO by Dee60: 8:16pm On Sep 09, 2020 |
NaijaMutant:Who should they have voted for? |
| Romance › Re: Man Rolling On Owerri Mud Water To Propose To A Girl by Dee60: 2:34pm On Aug 29, 2020 |
No wise woman will marry such a man! |
| Christianity Etc › Re: CAMA: FG Says Religious Bodies Must Submit Details Of Their Finances by Dee60: 11:52pm On Aug 22, 2020 |
There are sinister motives behind this move. Nigerians should stop hailing one-sided regulations. |
| Politics › Re: Oshiomhole & Ibrahim Gambari Leaked Video: PDP Reacts To Arrest Comment by Dee60: 11:04pm On Aug 18, 2020 |
Who recorded the video? How much lower can Nigeria get? Shame. |
| European Football (EPL, UEFA, La Liga) › Re: Manchester City Vs Lyon : UCL ( 1 - 3) On 15th August 2020 by Dee60: 6:32pm On Aug 15, 2020 |
The cup has been awarded to City |
| Education › Re: Olukemi Odukoya and Bola Oboh Protest UNILAG VC's Removal, Attack Pro-Chancellor by Dee60: 4:11pm On Aug 12, 2020 |
Too many acts of lawlessness going on in Nigeria seemingly. |
| Politics › Re: Edo Assembly Inaugurates 17 New Lawmakers (Photo) by Dee60: 5:40pm On Aug 06, 2020 |
One day, voters will be wise to know these are not noble men but desperate human beings looking for 'guess what'! Is Nigeria ripe for genuine democracy? 1 Like |
| Politics › Re: Edo: Obaseki Heaps Sand In Front Of Edo Assembly Over Impeachment Scare (Photos) by Dee60: 11:25am On Aug 06, 2020 |
Anything AB seems to be a problem to the country. The problems of the country started apparently at the same time the city came to be. That was when a building that should have cost 3 million was awarded for 30 million. Once the habitants smelt money they never looked back. The scale has gone up ever since and now they are reported to collect billions without even going to site. It soon became the habitation of all the corrupt ex-this and ex-that. Once we solve the AB problem the country will know some sanity. 3 Likes |
| Business › Re: Shehu Sani: Shoprite Exit Will Help Local Supermarkets To Grow, They Can Go by Dee60: 1:38pm On Aug 03, 2020 |
It is not a must to make comments, so you avoid talking nonsense. I think this statement is unwise. You spend billions running around the world for investors only to FRUSTRATE them to leave after a few years. There are several that are exiting quickly in the last few years. All the gains under OBJ are being scattered away carelessly. All the efforts for Pan-African economic integration is being rubbished. BAD POLICIES - That is the cause. This administration has so called experts going round to talk talk talk about EASE OF DOING business. Yet, it has not at any time been more difficult for both small and large businesses here. Exploitation, insecurity, obnoxious levies and taxes - unpreditable business environment, corruption etc. When are we going to start? 2 Likes |
| Travel › Re: Impact Of Apapa Gridlock On The Economy by Dee60: 12:32pm On Jul 30, 2020 |
AmuDimpka:Not as simple as that, if you understand Nigeria. They dont use a port because the port is nice or because it has a lot of facilities. Some of those Eastern ports may be dredged and developed but as long as they dont have a lot of cargoes anyone who takes his cargo there is made to be pay double, triple or more...Its like driving from Ikeja to Lekki where you dont see any 'official' on the road but try drive to a village in a neighbouring state and you will be counting checkpoints. Thats the problem. That is why cargoes for Eastern markets are also dropped in Lagos. ports. 1 Like |
| Foreign Affairs › Re: China To Retaliate As US Closed Its Consulate In Houston, Texas by Dee60: 1:55pm On Jul 24, 2020 |
JesusJesus:So, China is the friend of peace? Majority of Americans are behind DT on the Hong Kong matter, and on the spying allegations. They would have criticised him if he looked away. 2 Likes 1 Share |
| Politics › Re: Zainab Ahmed: We Have Identified Plans To Generate ₦18 Trillion Revenue by Dee60: 1:23pm On Jul 24, 2020 |
By over-taxing the citizenry to pile up monies for the NDDCs of this world to mismanage or loot! 1 Like |
| Politics › Re: Senate Asks Service Chiefs To Resign by Dee60: 3:47pm On Jul 21, 2020 |
What is the basis for the call? Can they explain? There is no nation that changes her war generals in the middle of a war! The enemy can take advantage and make deep in-roads while the new ones take their time as 'learners' in their new roles. |
| Politics › Re: House Committee On NDDC Summons Akpabio, Pondei by Dee60: 3:57pm On Jul 17, 2020 |
For so long we have been hearing of missing millions, and then it got to billions, and now they have graduated to trillions. The self-styled and shameless political leaders and godfathers just simply want to plunder the country to death. And what do they spend the money on? Mistresses, concubines, estates, apart from the ones they have piled up in their roofs! 1 Like |
| Politics › Re: NDDC: Kemebradikumo Pondei Walks Out On Reps by Dee60: 4:25pm On Jul 16, 2020 |
Nigerian politicians have failed the country very woefully. In spite of Covid-19, all you read in the news these days is about billions upon billions upon billions that are missing or cannot be accounted for. Is Nigeria a failed state? In the midst of the nonsensities, the president and the vice have gone so cold quiet. |
| Politics › Re: Reps Probe $1.046m Withdrawal By Nigerian Embassy In Israel by Dee60: 6:05pm On Jul 13, 2020 |
Anytime I hear, house of reps probes......I have a feeling straightaway that they have started their game again. There was a house! |
| Christianity Etc › Re: Overcoming Sexual Related Sins As A Young Christian. by Dee60: 12:29pm On Jul 12, 2020 |
paulolee:Find grace at the feet of the cross. Lay it down there. Every man must start from there. No amount of self-will can prevent falling but grace certainly can. make an attempt to repeatedly look for the grace. Cry out for it till you lay hands upon it. Grace is the weapon you receive from God to overcome the evils of this world. Grace says, because my Saviour paid the price, that precious price will not go in vain. Try to focus on the solution and not the problem. When Christ has released you from the prison dont walk in there with your own legs again. Your actions will feed your feelings. Remember also there is power in what you say. Speak to the object of temptation and sin, that you are no longer interested. Flee. |
| Politics › Re: I Didn’t Sell House To Kiki Osinbajo – Landlord, Dr. Ayuba Musa by Dee60: 4:34pm On Jul 11, 2020 |
ivandragon:I dont know the lady and I am not here to defend her. The reasoning you posted is not good. There are people who are not even in the university yet who have more than 50 million in their accounts. There are also people who do honest things and have good money. People who have hatred for good always repel good. People who believe in good attract good. Osinbajo was not a pauper before he came into government. The wife is a grand-daughter of Obafemi Awolowo for crying out loud. Kiki is from Awolowo family. Do you think they are paupers? 2 Likes |
| Politics › Re: Nigeria Heading For Recession In Q4 2020 — Zainab Ahmed by Dee60: 1:13pm On Jul 11, 2020 |
Magunomics! 1 Like |
| Politics › Re: Obasanjo Enforces COVID-19 Protocols At The Burial Of Florence Adenekan by Dee60: 10:01am On Jul 11, 2020 |
[/quote]He could not 'made it'....... Is this the new covid English? |
| Crime › Re: MAGU: 7 Allegations By Sahara Reporters That Stirred Public Opinion by Dee60: 12:34pm On Jul 07, 2020 |
d |
| Politics › Re: Ajimobi Declares Assets, Has N292.4M In Banks, Owns Houses In US, UK - 2011 by Dee60: 6:14pm On Jul 02, 2020 |
It is not good to call anyone a thief unless you have caught him stealing. May God forgive all accusers. 2 Likes |
| Politics › Re: Lawmaker Throws Microphone At Keyamo During 774,000 Jobs Rowdy Committee Meeting by Dee60: 10:43am On Jul 01, 2020 |
the so called lawmakers have been one reason why democracy has not worked in Nigeria. they operate like hijackers or hackers they would hijack the budget process until.......... once they hear billions, they prepare their arms and ammunitions, ready to fight! they have chased many good professionals away from government. at state level or at federal levels they are the same apart from being some of the highest paid in the world, despite Nigeria being a poor country, they cannot but harass corporate executives, ministers through their useless committees. On top of that, they want the best jobs in banks, FIRS, CBN, NNPC, NIMASA, etc for their concubines, friends and cronies. at stale levels, they work hand in hand with governors to supervise the process of allotting the commonwealth of the people to themselves. before Covid, they were fond of travelling around the globe, to do what?.......... who will save Nigeria from these selfish men and women? There are some good ones among them definitely, but they seem to be too few. Just look at how adult were shouting at the chambers, they were threatening and RECKLESSLY ignoring social distancing rules. Shameful. |
| Politics › Re: Remivir: Ajimobi Was Defrauded Of N50m On Fake Drugs From Bangladesh - Sahara R. by Dee60: 10:44am On Jun 26, 2020 |
wink2015: |
