₦airaland Forum

I will be too glad to join you.

I will recommend you for a nobel peace prize if you win.

This is certainly the best idea of 2023.

I dont know why our women are so obsessed with wigs when the natural African weave is a great gift.+

Some marriages have been ruined over husband fighting wife over wigs.

Yet it consumes so much forex.

I think that our politicians are afraid of their wives and girlfriends, otherwise they would have banned wigs.

And the promises go on.....

Honourable Adviser,

You would have to shock yourself first! Return the yatch!

France voted for Harlaand ahead of Mbappe! Interesting stuff.

Wish you success.

When you get there please do all you can to make a difference. Dont take bribes. Dont oppress the innocent. Dont let criminals off the hook. It will be tough. They will hate you and persecute you, but your rewards after all will be great.

YES.

When did a minister become a prosecutor? She has been accused of threatening a witness on phone and in normal circumstances she also may be questioned. What is her interest in this case? Look at a public servant sounding so powerful! Only in Nigeria.

AntiWailer:
Majorly caused by the floating of Naira.

If you owe 1M dollars in April, - you are owing 460 Million Naira.


Now without doing anything or even adding interest, you are now automatically owing 800 Million Naira.

Also.
“The government was borrowing to pay for subsidy and that subsidy was steadily increasing. If you convert it to dollars, it won’t be so much, but because naira has depreciated, by the time you do the multiplication, it will increase significantly in naira terms.”

Another reasons why subsidy must go no matter the pain.

Add Ways and Means Advances of the Central Bank of Nigeria to the Federal Government usually used to fund an ill prepared budget.

You are correct. But has subsidy gone? Landed price is over N650 at the current exchange rates. Price is N588. Do the Math. So the real issue is the exchange rate. We keep chasing shadows as it climbs. Whatever policy that does not help to shore up exchange rate will mean that we keep paying subsidy and will mean mounting debts. Our slave-masters in the West love that and will keep hailing us for making that 'good decision'!

Good

Offpointng:
Nigerians should not give NLC the opportunity to plunge this country into anarchy like what we've got in the SE. 1 trillion has been saved from Fuel subsidy, why not let us give Tinubu time to manifest bfr protest will be considered??

We can't afford to put this country into a state of anarchy and shift it into being stagnant like what is currently happening in the SE. Yoruba Ronu, Hausa Tunani and let's leave these enemies of state who wants sit at home nationwide by all means with their protest

You have saved 1 trillion in 2 months. So, please increase workers pay by a quarter of that every month! That is N250 billion. Put the other part you can plough into other government initiatives. And then stop your public servants from collecting handouts!

Bfly:
Why the rush? Let the economy fix itself

Economy cannot fix itself! We have left it unfixed for too long. Dont be surprised if BAT reverses himself when he speaks tonight! They are sensing the heat since our next door neighbour (Niger) received visitors.

You remove subsidy on petrol so that you can start subsidizing blue and yellow buses! Recycling or what is that?

thisisit:
US is behind Ecowas.
Russia is behind Niger Republic.
France is the referee.
Battle theatre is co-hosted by Nigeria and Niger.

Let's the battle begin!!!

And get ready to japa.

Till date, he has not launched any investigation into why BVAS captured NASS elections and omitted the presidential. How can anyone take him serious?

There is a gym around us and you wonder if its just exercise that the people go to do there looking at what some people wear when they go there.

Dreal1247:
Meaning that human ghosts in the Nigerian Government has been collecting the subsidy. The corruption in this country is monumental.

Monumental? That is an understatement.

If all researches are as stated researchers should all be billionaires! Has China said that they dont have enough cocroaches? There ae people raring lizards and snakes in Nigeria. What do they make from them? Billions?

RealEzee:
shey na hia sanwo olu dey ?

You want to tell me that you dont know that they have SM aides that go through SM on their behalf?

Dear Governor,

Your excellency, please Lagos is itching to have some dividends promised them.
Oyingbo bridge - when will it open? Commuters are suffering. Same for Yaba bridge. Lagos -CMS link road to VI. Please, please alleviate the suffering of drivers.
Blue Line commissioned by PMB. When?
Gbaja Express launched before elections - Please help us convince Hon Gbaja to deliver it for the use of the people.
Rice, great move. Hopefully, the price will drop a bit so that it will be cheaper than buying from abroad!
Well done and thank you Sir.

Citizen of Lagos

Send the pictures!

Biden is in the US meeting with PM of India.

Rishi Sunak is holding a meeting with European leaders on Ukraince.

Is Alake's meeting holding behind closed doors?

Nigerians had enough with Dr Lai and just pray the new man is not Dr Lai raised to power 20!

PBAT should not listen to praise singers. It is still too early. Don't let them derail you. This is the same way the praised PMB till the man became oblivious of his errors. Just focus on what you want to achieve. There are many people around you who want to chop and they are not necessarily interested in your success. Reno, what exactly do you want? Why dont you travel to Nigeria?

It took the US quite a while to send their congratulations. Could it be that they saw something fishy in the Amazon data?

Ask for refund!

9jantatainment:
We can only hope that the government's good intentions to eradicate unscrupulous practices by a few individuals who exploit our shared resources will be successful. In my view, the effectiveness of this FOREX policy effort largely relies on the genuine commitment of the banks. Although the foreign exchange (FOREX) rate is theoretically determined by market forces through import and export transactions, the banks, acting as intermediaries in these transactions, may choose to allow their associates to monopolize the available FOREX, artificially creating a scarcity. Consequently, the price of the dollar could rise even higher, surpassing the current rate.

Considering our GDP in relation to earnings from crude oil sales, diaspora remittances, foreign direct investments, and other factors, it can be argued that a well-managed Import and Export (I&E) window would provide Nigerians with readily available forex at a significantly lower cost compared to the prevailing black market rate.

Very valid points. All of the recent changes will improve our economy only if FG is ready to plug holes and fight corruption. Otherwise, we will just be changing the beneficiaries of corruption. A few years ago, the price of PMS at market price, without any subsidy was about N150 per litre. PMB actually removed most of the subsidy when he more than doubled the price of PMS, but it took just a little while for the Naira to be devalued and we found ourselves where we started. Essentially, what we have been paying for is the inefficiency in our exchange rate and not really any subsidy. The marketers during GEJ era were stopped and some other entity took over importation, so we essentially just changed the beneficiaries of the corrupt and inefficient system. I think if care is not taken, with the change in I&E window, we could find ourselves back in the era on banking greed, where banks and bankers lorded over the forex markets and made unimaginable gains. An efficient economy should not really worry so much about the price of the dollar but worry more about access to the factors of production in the local economy. Can people afford to move around to produce? Not really. Transport cost is too high. Insecurity is still barring people from cross-country trade and distribution. Is land cheap, accessible and affordable? No. Looters launder their money a lot in real estate, forcing the prices beyond the reach of many people. To get the cost of raw materials down, transportation and land costs down, the issue of corruption needs to be addressed. If the current administration is not treating this with urgency, it will be a signal that it is going to be 'business s usual' and the perpetrators will quickly device means to evade capture. PMS price is tied to forex price. Dangote is not a CSR initiative, the man will sell at prevailing rates! There is no serious country that assumes that forex prices will be favourable unless of course you massively improve local production or you just do not allow your currency to float! Your currency is of utmost national security and one way or the other should not be allowed to free-fall.

jogojogo:
You feel the election was rigged because your choice candidate didn't win. In reality, how will Peter Obi win in a free and fair election in a Nigeria where he is unpopular in the northwest and northeast aside Taraba and some part of Adamawa?
Let it be known, whether you accept it or not. The only opposition Tinubu had was Atiku. Peter Obi at most will only cause damage to Atiku. Obi was living in illusion and that wD what gave Tinubu victory. Don't limit Nigeria to your myopic thinking. You think Tinubu is hated by everyone because you hate him.

I think you are right. If PO continues with the narration that 'he won the elections' he will only succeed in losing sympathisers.

THE SONG WAS RENDERED AS A CALL TO PRAYER IN MARCH 2023. Nothing new here.
Social media people at work portraying as if the song was released today!

Some of PMB's ministers should be probed. Whoever is behind this charade should have his name placed in a hall of shame!

Kapeter:
Unnecessary. Buhari has done his best on infrastructure no one can deny that part. But failed woefully in security, no one can do it all. He's done his part, he can go home to rest. At least his tenure was less dramatic unlike someone i wouldn't love to mention.

Your point about infrastructure is well noted but at what cost? Our indebtedness as a nation has become really unprecedented. Any incoming administration must be bold to make some probes if it will succeed.

How some people manage to get to certain positions remain baffling!

You want to 'persuade' a business man on how to fix his prices? In fact, the statement looks like an admission that a single individual businessman will henceforth be handed the keys to determine how much we exchange our Naira.

Ah, we need a new Nigeria.

This man deserves an award!

Public holiday for what? That will be GROSS abuse of office.

The President can now hand-pick the Senate Leader and even handpick the CJN!

What kind of monarchial democracy are we practicing?

Why dont we elect kings instead of wasting time to elect presidents?

Shame.