₦airaland Forum

gurunlocker:
my papa be omugo

kodded:
[s] I will love to see you commen on these thread zombie


https://www.nairaland.com/2937537/budgetgate-2-trillion-fraud/3


https://www.nairaland.com/2942633/blunders-upon-blunders-upon-blunders


https://www.nairaland.com/2941584/naira-falls-n370-per-dollar


https://www.nairaland.com/2940790/buhari-produced-most-embarrassing-budget



https://www.nairaland.com/2938992/boko-haram-hungry-desperate-lai


https://www.nairaland.com/2932997/iron-clothes-gas-because-no/3


https://www.nairaland.com/2933716/again-states-seek-another-bailout



https://www.nairaland.com/2939625/apc-should-take-over-inec

https://www.nairaland.com/2831035/2016-budget-buhari-spend-more


https://www.nairaland.com/2935282/buharis-budget-riddled-errors-puts


https://www.nairaland.com/2843715/nation-newspaper-attacks-buharis-budget


https://www.nairaland.com/2923614/fayose-buhari-withdraw-2016-budget


https://www.nairaland.com/2943047/murray-bruces-reaction-buharis-appointment-media


www.nairaland.com/attachments/3093659_3017836cdatausersdefappsappdatainternetexplorertempsavedimages2904740untitledjpegf00b416e41190686e1165a3b44a1bf51jpegc_jpegc2f48f13b94d54e73409b0b1f1abbdb9

grandstar:
You are mistaken. Cold pure water is now. 10naira. Before it was 3 for 20. May it 20 each by this time next year if this insanity does not stop.

jpphilips:
You made sense with the first article though it is nothing new, only the ignorant minds who refuse to grow up still think buhari is the cause of their economic woes, while I absolve buhari completely in this economic mess, I would blame Jonathan in 2015 but I think it is irresponsible to blame Jonathan in 2016 and beyond. let me tell you why;

No matter how much you save, it is only a matter of time before the balance of trade will tilt that is a fact, The rubbles went on a free fall recently according to your article, it has devalued by 100% against the dollar, so I can assume that by your analysis the Russian Economy is in trouble right?
Are you aware that this troubled Russian economy saved over $400b when the going was good? so why are their savings not saving them?
The answer lies with the fact that savings only buy time but will never change the inevitable.

You may have a valid argument by citing western sanctions but does it change the fact that Russia is the highest exporter of Natural gas in Europe? Europe is in winter and you have no idea how much Russia is making from Gas sales alone. Does it change the fact that russia has signed arms deal with china to the tune of Billions of dollars recently? or that president Assad has recently purchased an unspecified number of sophisticated air defence systems from Russia or that Iran recently placed orders for unspecified number of Su-30 fighter jets from Russia.

The idea of saving became a government policy in Nigeria during the era of OBJ and Soludo when the ECA was created, from there we paid off our debts which was a big sack on our annual budgets, we launched the NIPP, we paid subsidy, during the meltdown that saw most western economies in recession, the Nigerian economy was "immuned" according to Soludo, thanks to that savings made by Obasanjo.

The interesting part of the puzzle is that despite all the good things that savings did for our economy at the time, towards the end of Obj's administration, Naira was devalued to 155 against the dollar. To save is the right thing and it has saved us a lot of wahala in the past no doubt about it but if crude prices remain low for a longer time (OBJ/SOludo were just lucky that it peaked eventually), soludo with his savings would have devalued further.

So you see, there must be balance of trade whether or not you saved. It is irresponsible if buhari's media team continue to blame Jonathan beyond 2016, how much will Jonathan save that will stop the inevitable? I blamed jonathan in 2015, I voted him out in 2015 because I believe it was too early to have dipped into recession, but the present government needs to take hold of the wheels, this is no longer2015 and we voted them for a reason.

odomanis:
I had thought that you are informed but, you have raised my doubts on that with this your post. On the rail lines, Abuja- Kaduna standard gauge started in 2011 and almost completed by the time Jonathan left. The Lagos Calabar line was not just an idea but, contract already awarded by Jonathan. The TSA was not just Jonathan idea but steps to implement already started by Jonathan before Buhari took over. Buhari implemented it so fast because it was already work in progress as at the time he took over. You can do a lot of good to your credibility by stating facts and truth no matter who it favours.

pappilo:
Why dont you use a Nigeria based company to host?

http://www.hyperia.com

Hyperia has been in Nigeria forever. If all you small players used their services instead of paying foreign companies in dollars, they would have been a much more successful company.

seunt4ut:
You make sense with your simple illustration.

makabulchi:
Okay,so wats d solution sir

pappilo:
You are a born liar. Definitely not a university in Nigeria.

If you are in a foreign uni, like demdem said your are OYO.

ibietela2:
Leave that guy because he starts insulting you....... Imagine what he is saying that ONLY ELITES are affected.

My hosting fee is $25 now 9k by month end if things doesn't improve it will be around 15k and he is saying elite

makabulchi:
Summary: Blame GEJ

NighttWalker:
What the fvck are you talking about? Everyone's feeling the heat, my uni fees have almost doubled thanks to buharis government and the devaluation of the naira.

ChetaNwaeze:
Tompolo, an ordinary Ijaw thug who cannot construct a single sentence in english owns all these properties worth billions of naira, whereas a university graduate with a Bsc in MicroBiology is still roaming the street of Port Harcourt, looking for a non-existing job. SMH for the zoo

Demdem:
[b]The earlier u all get the gist the better for us all. if u add value to the economy and u really need dollars kindly apply to the banks and if u meet the requirements u will be given at the below rate and u continue to add to the economy.
However if u need dollars for luxuries, goods cbn has stopped funding with dollars, holidays etc u are on ur own. Go look for ur dollar elsewhere
Have we wondered why Nigerian manufacturers (MAN) arent complaining? have u wondered why that tomato selling woman in the market doesnt care or know what u are talking about because they arent affected? its because their business seems to be picking up by Nigerians now looking inwards. its we the elite that are feeling the heat and not the poor.
Gone are the days when we have serious reserves and Govt will continue to gurantee all our frivolities. Now, for frivolities, u are on ur own. The interest of the extremely weak is this govt priority and not the overfed. Many shouting here aimlessly are not even affected in anyway about the rise in the parallel market. Those receiving free dollars before cant and have gone in the parrallel market making it saturated and price high.
When they finally get their dollars at extremely high rate and choose to import, on getting to our borders, they also pay huge tax to the govt so by the time the goods get to the end shop, it becomes ridiculously expensive for the buyer. The question is if the buyer doesnt buy the luxury good, will he die?
I have reasons to import spare parts for my vehicles and to be honest, its ridicously high now. Govt is forcing me to start looking towards Innosun...............for my selfish self, thats not ok but for the overall good, its the best.
[/b]

AlPeter:
Idi Amin had good ideas, Hitler had good Ideas, Abacha had good Ideas, Babangida had good Ideas, Osama had good Ideas any mo*ron can have good ideas that doesn't change the fact that they are mo*ron. The clueless one of Otuoke, Sir Jonathan Inefficial Buffoon, had some good ideas that does not change the fact that he and his gang of rapist raped Nigeria to a comma

nakamora:
Wailers how market. Let the wailing continue.

Demdem:
[b]The earlier u all get the gist the better for us all. if u add value to the economy and u really need dollars kindly apply to the banks and if u meet the requirements u will be given at the below rate and u continue to add to the economy.
However if u need dollars for luxuries, goods cbn has stopped funding with dollars, holidays etc u are on ur own. Go look for ur dollar elsewhere
Have we wondered why Nigerian manufacturers (MAN) arent complaining? have u wondered why that tomato selling woman in the market doesnt care or know what u are talking about because they arent affected? its because their business seems to be picking up by Nigerians now looking inwards. its we the elite that are feeling the heat and not the poor.
Gone are the days when we have serious reserves and Govt will continue to gurantee all our frivolities. Jonah-daft destroyed this. Now, for frivolities, u are on ur own. The interest of the extremely weak is this govt priority and not the overfed. Many shouting here aimlessly are not even affected in anyway about the rise in the parallel market. Those receiving free dollars before cant and have gone in the parrallel market making it saturated and price high.
When they finally get their dollars at extremely high rate and choose to import, on getting to our borders, they also pay huge tax to the govt so by the time the goods get to the end shop, it becomes ridiculously expensive for the buyer. The question is if the buyer doesnt buy the luxury good, will he die?
I have reasons to import spare parts for my vehicles and to be honest, its ridicously high now. Govt is forcing me to start looking towards Innosun...............for my selfish self, thats not ok but for the overall good, its the best.
[/b]

Mbkite:
I am Ok my dear brother.
Everything is wrong with what u said.

Mbkite:
Mr. Perfect! Understand that God is still God. Why should u address a MOG in that manner? Be careful.

Demdem:
[b]The earlier u all get the gist the better for us all. if u add value to the economy and u really need dollars kindly apply to the banks and if u meet the requirements u will be given at the below rate and u continue to add to the economy.
However if u need dollars for luxuries, goods cbn has stopped funding with dollars, holidays etc u are on ur own. Go look for ur dollar elsewhere
Have we wondered why Nigerian manufacturers (MAN) arent complaining? have u wondered why that tomato selling woman in the market doesnt care or know what u are talking about because they arent affected? its because their business seems to be picking up by Nigerians now looking inwards. its we the elite that are feeling the heat and not the poor.
Gone are the days when we have serious reserves and Govt will continue to gurantee all our frivolities. Now, for frivolities, u are on ur own. The interest of the extremely weak is this govt priority and not the overfed. Many shouting here aimlessly are not even affected in anyway about the rise in the parallel market. Those receiving free dollars before cant and have gone in the parrallel market making it saturated and price high.
When they finally get their dollars at extremely high rate and choose to import, on getting to our borders, they also pay huge tax to the govt so by the time the goods get to the end shop, it becomes ridiculously expensive for the buyer. The question is if the buyer doesnt buy the luxury good, will he die?
I have reasons to import spare parts for my vehicles and to be honest, its ridicously high now. Govt is forcing me to start looking towards Innosun...............for my selfish self, thats not ok but for the overall good, its the best.
[/b]

poseidon12:
That's the official rate which would be almost impossible for the average Nigerian to get.

Gassa007:
Who also care if you exist I have noticed you, always against Igbo even if it's a good news. Your hatred will soon kill you

bigtt76:
Dis he buy a made in Nigeria transmitter for his radio or TV stations? True talk though