₦airaland Forum

Cardoso is selling our scarce dollar to BDCs at artificially cheap rates just to force exchange rate down.
He wants to enjoy momentary praise and look for who to blame when the proverbial shit hits the fan.
This is not sustainable. US dollar is not Naira that we can print as much as we like.

FX floating: reversed
Subsidy removal: reversed

Why then did BAT and his gang of baby economists subject Nigerians to the excruciating pain?

APC has succeeded in installing a puppet PDP leadership.
Come 2027 PDP will officially decide to support APC/BAT for presidency.
Pin this comment somewhere.

Two more posts attacking Obi/Obidients and Reno will see his credit alert for the week.
The hustle is real.

Wike will go the way of Odili and Amaechi. Both were some of the most powerful governors during their time.
That's why he is fighting tooth and nail to retain access to, and control of, Rivers treasury. He knows without it, he is nothing.
Very soon, his so called allies will desert him one after the other.

It's laughable seeing Imams, pastors, elder statemen, hardcore fundamentalist Christians and Muslims, defend "One Nigeria".... a country named by Lord Lugard, a confirmed pedophile, and his mistress, a.k.a, ASHAWO.

Yugoslavia broke up; today Bosnia and Herzegovina, Croatia, Macedonia, Montenegro, Serbia and Slovenia are making progress.
India broke up; today India, Pakistan, and Bangladesh are making progress
Singapore and Malaysia broke up; today they are both developed countries
Czechoslavia broke up; today Czech Republic and Slovakia are separate countries making progress.
Even UK recently devolved powers to Scotland, Wales and Northern Ireland!

Meanwhile Nigeria is forced to be together in idiotic 'One Nigeria' but ordinary light, clean water, good road, hospital, school... we no get.

Black people! they swear for us Break this country up, at least one fit make progress for all of us.

IF BREAKING UP THIS SHAM CALLED NIGERIA WILL MAKE US HAVE STEADY LIGHT, LIKE GHANA, THEN SO BE IT.

So after all, the government has reverted to subsidizing the naira by selling dollar below market price to BDCs?
Basically, Nigerians were subjected to sever economic pains all for nothing!
Our foreign reserves dipped 2% last week alone due to the cost of subsiding naira. This means that the government is using our earnings to subsidize FX. Isn't this one of the sins of Emefiele?
The government often get away with all sorts of atrocities due to people's ignorance.

ValCon888:
There's something called Reciprocity. The reporter should first find out how much Nigerians pay for visas to the US.

It will do him good to know the amount is nonrefundable, the rejection rate is extremely high, yet Nigerians pay the same fees every time they apply for a visa to the USA

Didnt you hear that he is visiting on Kenya passport? Appropriate question should be how much Kenya charge Nigerians.

BondRiv:
Give Fubara 100 years, he would not have been able to win a local government election. You are comparing someone who knows nothing about politics with people who fought for power. How many times did you hear Fubara speak during the campaigns? After he was handpicked and thrown into office. You think it is about "dishing out dole"? So why is Fubara failing? Do you know how much he has wasted so far? With his judicial consultant. When you are clueless, you are clueless.

Let's all wait and see. All the touts Wike deploy to rig elections through unbridled violence will render their service to the highest bidder. Wike may still leverage his federal might come election time but it wont be as easy as it used to be for him. Wike has accumulated enough enemies at home. They all have personal bones to pick with him. 2027 will be interesting.

TheElites19s:
Politics is politics, PDP at National level need Wike for survival

Sim keep on recruiting people that as no political value to fight wike.

Sim better knows what's doing before it'll be too late.

Wike is NOTHING without Rivers vast wealth. Odili, Amaechi, and Wike were super powers during their times based purely on their access to Rivers State's vast wealth. The moment Fubara starts dishing out the dole, Wike's influence will fade. Even Wike knows it.

This whole fight is over who controls Rivers resources. With it comes incredible amount of power.

Meaning the government has backtracked from floating the naira. Begs the question; why inflict all the pain on Nigerians ab initio?
The current naira appreciation is pure market manipulation by the govt. Fingers crossed the govt can sustain it.

Band or no band, we all know that the higher rate will be applied to ALL customers through the back door.
Who even sees up to 20hrs of uninterrupted power in this country?

Obiedun:
Some people like to play victim mentality. You do not have proper documents.

Did Wike say the man didn't have papers or you just assumed that to justify your prejudice?
In the absence of a minister, does the director of lands have the right to allocate lands or not?
No one should resort to self help, no matter the circumstance or how highly placed.

We all hope you are right, but I have my doubts.
Portfolio investors are the most unreliable source of capital inflows. They can exit as quickly as they enter. It happened in 2014/15.
The current investor 'confidence' is primarily because Nigeria has increased interest rates to dizzying heights.
High interest rates may attract FPIs but is disincentives local investment/production. This cant be a good thing in the long-run.
The current improved $ liquidity is coming from LOANS, not income from production based output.

Emperor Wike should be made to refund the money from his own pocket.
To spite Amaechi, emperor Wike unilaterally recognized Omehia as ex governor in contravention of Supreme Court judgement and ordered that he be paid all entitlements accruing ex governors. The same Wike changed his mind unilaterally when Omehia refused to support his presidential ambition.

That's how Wike gambled with Rivers people money in pursuit of doomed presidential ambition. From Lagos to Abia, Benue to Lagos, Wike was dashing away millions of Rivers people with reckless abandon.

When is President Tinubu going to compensate South South for Wike's treachery?
Every appointment goes to either SW or North. Even BAT knows SS didn't really vote for him. That's probably why he has decided to compensate only Wike for rigging Rivers in his favor. So Wike sold Rivers to BAT for his own personal benefit? Interesting times ahead.

He should be forced to divulge his link to the terrorists he has been advocating for.

It is difficult to tell.
I left Zenith Bank in 2004 for masters in the UK. Fast forward 20 years, I have been lucky in that I am working in Finance and relatively well paid.
I have most of the things I need in the UK and Nigeria. My kids are obviously dual nationals.

BUT, a close friend of mine who stayed back in Nigeria is a bank director today. He is well paid too and visits the UK quite often with his family. His family is more of a traditional Nigerian family than mine.

I'd take his success/situation over mine, but then he also says he'd take mine over his, especially the mobility my UK passport offers.

Long story short: It depends on what's more important to you. Do what suits your circumstance. The grass is not always greener on the other side. NEVER leave a well paying job/business in Nigeria for an uncertain future abroad though.

It's call a Zoo for a reason .. and it justifies the name all the time.
How can such a high sensitive suspect escape? And I'm told his office is close to NATIONAL SECURITY ADVISER's office o.

The high and mighty were using Binance to swindle the country. THEY also arranged his escape to avoid being named.

Government officials are giving speculators free investment advice? Only in Nigeria

Even with cab driving they can raise their family abroad, and sleep with two eyes closed.
Can a cab driver in Nigeria be able to just feed his family from his income?
Madam go and take several seats abeg!!

Will there be this scramble for the soul of Labour Party if Obi hadn't joined them in 2022 and performed wonders at the 2023 general elections?

[quote author=Ebeano49 post=128992571]Silly black Nigerian politicians. It is not Obi's job to support Tinubu. His job is to criticize Tinubu and expose his incompetence until the next election. That's the only job an opposition should do.

Silly black Nigerian politicians. It is not Obi's job to support Tinubu. His job is to criticize Tinubu and expose his incompetence until the next election. That's what an opposition should do until the next election.

Instability loading if they win. Deep-down the deputy believes the governor is not the rightful candidate. He will be plotting to undermine the governor from day 1.

Soludo promised to transform Anambra to Dubai. 2 years in, nothing! All we hear is long boring grammar. The only memorable thing he has achieved is being the one who campaigned vigorously against his brother HE Peter Obi out of pure jealousy.

Bwala, Reno, and Onanuga. 3 BAT PAs whose job is to attack Obi and Obidients.
Elections are over; time to govern. You can grab it with propaganda but you can't run with it based on propaganda.

PH > Aba > Owerri > Onitsha > Asaba > Benin > Sagamu > Lagos is probably the most economically viable/sensible rail line to prioritize.
A fast train on this route can easily charge airline rates easily. But, being Nigeria, we are not interested in doing the right thing.

BAT always shoots from the hip. He is clueless as to how things work. Why announce start date for the scheme without the enabling law?
Same way he bungled subsidy removal and FX consolidation.
Master strategist my a**e.

So no space in all of the 36 states of the federation plus Abuja?
Yet, they say the poor should tighten their belt

500 MILLION each. That's why it's a DO or DIE affair.

Karma is such a B.....
Tinubu and Muslim Yorubas connived with the Islamic North to undermine Jonathan's government. The same America funded and enabled the mindless tarnishing of GEJ's image just for the inept and illiterate Buhari can take over.
Now the hens have come home to roost .

He is speaking for himself or on behalf of Islamic Republic of Northern Nigeria.