₦airaland Forum

mitchelljnr:
Did you see or eat imported garri?

Watch the video links.
https://www.youtube.com/watch?v=hAlxkncYaiM

farem:
Wailing is a serious malady! If the governor has passed away, claiming the FRSC will come to do their job, your canine teeth would be used to tear him down for "not caring"

If it's you that was among the victims, would you have loved that a passing governor stopped by and rescued you or you would preferred FRSC to come while you're bleeding?

I don’t wail. I am very Pro APC. In a sane clime, the road safety and other emergency team should be at the scene of accident within five minutes of the accident. That a Governor is now the one rescuing accident victim is absurd. It shows system that is supposed to work has failed or innefficient. What if the Governor is not plying the road at that point in time? Some people were equipped and paid to do that job.

mitchelljnr:
Manufacturing is a good idea, importing food also is not bad if imported food is cheaper than home grown. Hong Kong import all raw materials they use in manufacturing they even import majority of their food. How many food items do Nigeria import self apart from rice?

Yea we were importing many consumables by mid 2015. We were importing fish, poultry products, tomatoes and at some point we started importing GARRI.
YES GARRRRRRRRRRRRRRIIIIIIIIIII.

Is Oyetola the new FRSC director?
If it takes the Governor of a state to be rescuing accident victims, it means nothing else but a BIG SIGN of System failure.

This is great News.

Nigeria shall be great!!!!

Before Buhari, Nigeria had no economy. Situation whereby you sell oil and use the proceed to import rice, toothpick, including Garri from India. Is that one an economy? An unproductive, rent seeking economy. What happens when the price of oil falls like it did in 2016?

Nigeria’s Monthly Import Bill Drops from $665.4m to $160.4m

Promises to sustain stability in the forex market
December 1, 2018


By Obinna Chima

The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday revealed that the various initiatives aimed at encouraging domestic production, have resulted in Nigeria’s monthly import bill falling significantly from $665.4 million in January 2015, to $160.4 million as at October 2018, representing a drop by 75.9 per cent and an implied savings of over US$21 billion on food imports alone over that period.

He disclosed this in a keynote address he delivered at the 53rd Annual Bankers’ Dinner of the Chartered Institute of Bankers (CIBN) held in Lagos.



According to him, many entrepreneurs are now taking advantage of policies aimed at ramping local production to venture into the domestic production of the restricted items with remarkable successes and great positive impact on employment.

“The dramatic decline in our import bill and the increase in domestic production of these items attest to the efficacy of this policy.

“Most evident were the 97.3 percent cumulative reduction in monthly rice import bills, 99.6 percent in fish, 81.3 percent in milk, 63.7 per cent in sugar, and 60.5 percent in wheat.

“We are glad with the accomplishments recorded so far. Accordingly, this policy is expected to continue with vigour until the underlying imbalances within the Nigerian economy have been fully resolved.

“If we continue to support the growth of small holder farmers, as well as help to revive palm oil refineries, rice mills, cassava and tomato processing factories, you can only imagine the amount of wealth and jobs that will be created in the country.

“These could include new set of small holders farmers that will be engaged in productive activities; new logistics companies that will transport raw materials to factories, and finished goods to the market; new storage centres that will be built to store locally produced goods; additional growth for our banks and financial institutions as they will be able to provide financial services to support these new businesses; and finally, the millions of Nigerians that will be employed in factories to support processing of goods.

“If we turn a blind eye to the opportunities that are being created as a result of our policy on 41 items, we will be spelling doom for our nation. We can no longer afford to depend solely on imports given the size of our population, and the need to create jobs for our people.”

The CBN governor also stated that the bank would be collaborating with the Economic and Financial Crimes Commission (EFCC) to expose banks, importers or organisations that collude with corrupt individuals to flout its policy on the restriction of foreign exchange (forex) to 41 items.

The CBN had in July 2015, restricted 41 items, including vegetable oil, poultry products, toothpicks, cosmetics, plastic and rubber products, among others, from accessing foreign exchange from the interbank foreign exchange market.

Importers of the restricted items were asked to source their forex requirements from autonomous sources.

Emefiele pointed out that given the remarkable success that had been achieved in stimulating domestic production of goods such as rice, cassava and maize, as a result of the restrictions placed on access to forex for the 41 items, the central bank intends to vigorously ensure that the policy remains in place.

He also warned speculators in the forex market that they would lose their shirt, saying the central bank has enough war chest to sustain the stability in the forex market.

According to him, the central bank would continue to take measures to ensure stability in the forex market.

He said additional efforts would be made to block any attempts by unscrupulous parties (both individuals and corporates) that intend to find other avenues of accessing forex, in order to import these items into Nigeria.

“The CBN’s Economic intelligence and Banking Supervision Departments will work very closely with the EFCC to expose and sanction any bank, company and or its directors or forex operator who colludes with unscrupulous individuals/companies to undermine the policy on 41 items.

“Such sanctions will include, but not limited to prohibiting all the banks in Nigeria from maintaining any bank accounts for any such institutions or persons in Nigeria.

“If you are caught as an individual or a company, we are saying that, that bank, that company and the individuals, that the central bank would prohibit all the Nigerian banks at same time, from maintaining any bank account for you,” he warned.

In his outlook for 2019, Emefiele predicted that monetary policy stance would remain judicious, research driven, adequate and supportive of the real economy subject to underlying fundamentals.

He pointed out that the current tight stance was expected to continue in the near-term, especially in view of rising inflation expectations and exchange market pressures.

“Though we will act to appropriately adjust the policy rate in line with unfolding conditions and outlooks, the CBN will continue to ensure that the policy interest rate is delicately set to balance the objectives of price stability with output stabilisation.

“With favourable oil price developments and continued efforts at driving indigenous production in high-impact real sector activities, especially agriculture and manufacturing, Gross Domestic Product (GDP) is expected to pick-up in the remaining two quarters of 2018.

“This will be buoyed by the anticipated budgetary and electioneering spending in the near-term. From 1.5 per cent in quarter two of 2018, growth is projected to quicken to 1.7 per cent in quarter three and 1.9 by the fourth quarter.

“Inflation expectations are rising on the backdrop of anticipated politically-related liquidity injections. For the rest of 2018 and towards mid-2019, Nigeria’s rate of inflation is projected to rise slightly to 11.4 percent and then moderate “Though the CBN has so far managed to maintain exchange rate stability, the current capital flow reversals from emerging markets are expected to continue to exert considerable pressure on market rates.

“This pressure could be amplified by the forthcoming elections, especially as the political market place heats up. Notwithstanding these pressures, the CBN is determined to maintain its stable exchange policy stance over the next few months given the relatively high level of reserves.

“Gross stability is projected in the FX market given increased oil related inflows and contained import bill.

“I will like to make it categorically clear that sustaining a stable exchange rate is of overriding importance to us even as we continue to put measures in place to shore up reserves.”

He pointed out that the country’s overdependence on crude oil for forex revenue also meant that shocks in the oil market would be transmitted entirely to the economy via the forex markets.

“Based on our internal research conducted at the Central Bank of Nigeria, there is strong support that the recovery of our economy from the recession may have been much weaker or even negative, without the implementation of the restriction on 41 items.

“Our research supports the conclusion that the combination of the restriction on 41 items along with other measures imposed by the fiscal and monetary authorities has helped to promote the recovery.

“In fact, recommendations are being made to the CBN that the list of 41 items be expanded to include other additional items that can be locally produced.”

https://www.thisdaylive.com/index.php/2018/12/01/emefiele-nigerias-monthly-import-bill-drops-from-665-4m-to-160-4m-promises-to-sustain-stability-in-the-forex-market/

People should stop wating time with lawless IPOB members on this issue. They want to be Atikulooted.

Atiku has traveled to USA. United States of Adamawa.

Atiku has traveled to USA. United States of Adamawa.

Donelli:
What about them?

You tell me..

Donelli:
What does this say?
Britain is/has losing/lost the influence it has in the US

What's this thing with northerners always running to Britain for help? So many 'yanshes' will be opened with time.

Northerners like Alams and Ibori?

MetaPhysical:
Manual labor in construction sites and or in restaurants are usually paid under the table and cheap because it is sub-contracted staffing and the paper trail is usually not transparent. Occasionally when immigration wants to go after illegal immigrants in US, they will advertise construction jobs, knowing that many undocumented Mexicans will turn up for recruitment. From there it's straight to jail.

In same America, they will offer conditional plea bargain to a criminal in order to extract information they need to reel another criminal in. After they get both of them in, they will bait the first one to violate the conditions of his plea bargain. Its easy. They will make an undercover agent his cell mate and get confessions that contradict his earlier denials. That's it! His plea will be nullified and he will end up serving full time after successfully assisting them to nail the other conspirator.

Obasanjo sef better be careful. His hand was not clean either, unlike Atiku, he just happened to be smarter than the system.

Atiku is playing with fire.. All these IPODS urging him on will abandon him and look for the next Mugu before the cock crow the third time. They've abandoned Fayose, Olisa Metuh and many others to their fate now.

Tonyosas101:
Nah wah oo

Na trap dem set for Atiku. If he is stupid and desperate enough, him go enter am. I see the Ota fox hand in all this. Obasanjo no dey forgive.

MetaPhysical:
That's because US Consulate service is not under the Justice Department. They work together but they are separate jurisdictions and prosecutorial power.

US Consulate is under State Department. This explains also why someone could get visa at the Consulate but be turned back at port of entry in complete disregard for the visa approval. Port of entry is controlled by US Immigration and Customs and are under Department of Homeland and Security. Atiku could travel with visa and if his profile flags the wrong color at port of entry they will detain him and send him to a DHS holding facility and then notify Justice that they have him. Justice will send Marshals to go get him and lock up pending his court appearance. Even if he is eventually cleared, the risk exist that he could first be incarcerated pending clarifications.

Atiku don buy one chance! Is he travelling with Jamila, or alone?

Atiku has travelled to USA. United States of Adamawa

obembet:
I believe a day is coming when your eyes will open. U will realize that atiku/ buhari is the same as APC/PDP. U still need to understand that if atiku win today, all the criminal/ terrorist will decamp to PDP. Likewise Buhari.

The same people has been ruling since 1960. Let change them. Let reconsider young visionaries. Please change your orientation about PDP/APC so that your children will not start from where u stop and they won't remember u for good.
Thank u.
Congratulations for our Nigeria Ladies.

God bless you all

Among the people running, Buhari is still the best. His administration is doing a great job at the moment and the future looks �

sekundosekundo:
Exactly.....we need there votes and afterwards....the hostilities will continue.


If you know you know.

PDP Dubai strategies...

hisexcellency34:
Congrats to Buhari for bringing us good luck

Buhari says Hi!

Afamed:
iPod wants to send Atiku to journey of no return the way they sent Nnamdi Kanu to journey of no return

Their plan is to substitute Atiku for Peter Obi as PDP candidate.
The love wey their farmers get for chicken, e no pas make him kill am for soup or better still, sell am to raise money..

Afamed:
Atiku no wan do Christmas for Guantanamo prison

He will need more than pampers to survive that US prison.

Atiku Quickly Returns To Nigeria After Failing To Secure US Department of Justice Assurances Of Entering US Without Being Arrested


A group, Initiative To Save Democracy has said that it has credible information that the Peoples Democratic Party (PDP) in the 2019 presidential election, Atiku Abubakar has returned to Nigeria after failing to secure assurances from the US Department of Justice that he will not be arrested if he sets his foot into the soil of the United State.

TheCable had reported exclusively that the Waziri Adamawa secured a US visa and had travelled to the United Kingdom from where he will fly into the United state where he had not been able to step foot for more than 13 years.



But the group in a statement signed by its president, Akinloye James said Atiku had on Thursday travelled to the United Kingdom after securing a United States Visa from where he hopes to travel to the United State.

“His mission in the United Kingdom is to get the British Government to help him secure the assurances of the United States Department of Justice that he will not be arrested upon setting foot in US soil. But the British government is reported to have informed Abubakar that the US Department of Justice has made it clear that it cannot guarantee he will not be arrested.”

Atiku has refused to travel to the United States since the case of money laundering allegation involving him and a US congressman, Williams Jefferson came to limelight.



His counterpart in the United State, Williams Jefferson has already served jail term and made to refund part of the money traced to him for money laundering, but Atiku has since been walking free even though he has been unable to set foot in the US.

Having failed to secure the assurances of the British government and fearing that he may be arrested by the International Police (InterPol), Atiku quickly returned to Nigeria to forestall any possible arrest.

Paul Ibe, Head of the Atiku Media Office who has been speaking on behalf of the PDP presidential candidate prior to appointing a spokesman for his campaign tweeted a while ago that Atiku has since returned to Abuja.

“HE @atiku embarked on a private visit to the United Kingdom on Thursday shortly after the inauguration of his Presidential Campaign Council. He has since returned back to Abuja,” I’ve said in the tweet.



His tweet counters report by TheCable that Atiku will spend sometime in the United Kingdom before traveling to the United State.

“Report that Atiku obtained US Visa and travelled to the UK may be true, but the part that he would be traveling to the US is completely false,” Mr James said.

https://thejour.com/news/atiku-quickly-returns-to-nigeria-after-failing-to-secure-us-department-of-justice-assurances-of-entering-us-without-being-arrested/

Buhari and this him brown jacket

The man no carry this life for head at all. He just wants the life of the poor man on the street to be better

IPOB lamentation..

sekundosekundo:
Just like Benue and Agatu people are protecting their farm lands with the help of your police.

Crocodile tears. Benue is now relatively peaceful...

noturbusiness:
I am not wishing any evil on him. the blood of those that died of hunger is enough evil for him

Thank God for the ones he saved from hunger by paying their pension, provided jobs through the infrastructure projects, fed their children etc....
To the Tramadol and other contraband importers, na hunger go finish them

noturbusiness:
Tell him I will send my tribute to his children

Be careful the evil that you wish for others. It may come back to you..

Buhari says chill....

Ahhh. Oti poju..

noturbusiness:
Abeg carry your sai buhari to mortuary section

Buhari says Hi..

Up Nigeria!
Sai Ordega!
Sai Buhari!!

Omo see crowd for Nairaland o.......

The fear of FBI will not make Atiku fly out to USA

Its a trap set by USA and Nigeria for Atiku. If Atiku travels now, he will not return until he is convicted in the USA. His other accused like jefferson has already served their jail term

Optional09:
Sowore for president, gbogbo aiye loti gbo!

When Sowore speaks federal government shakes.

About 40 Nigerians are determined to vote for Sowore. We are tired of promise and failed we tire of old sick leaders. We have appointed a candidate.

40 million registered voters in Nigerian. We endorse Omoyele Sorore for president. AAC is our party

Even Sowore knows that he is only joking

sekundosekundo:
You want to build solar power in communities without security......your name na sorry.

The community has to protect what benefits them. Of course with the help of the Police.