₦airaland Forum

LordAdam16:
Why not?

Long term, the naira will always depreciate. It has been depreciating since inception.
So why should a Nigerian, regardless of political affiliation, avoid converting their savings when cheap FX is available?

You make hay when the sun shines.
And right now it's a hot summer afternoon for the naira.

Your argument is illogical and you're conflating issues.
The rapid decline of the naira's value is primarily down to the economic policies of the dual APC administrations.
It is perfectly fine to criticize the rate of decline.

In fact, this is the entire reason for the criticism.
So they can drag down the rate and anyone can buy the $ for whatever reason.
If you want to hedge. Do that. If you want to buy for japa. Do that. If you want to buy to preserve your wealth through the inevitable devaluation. Do that.
And yes, if the rate rapidly crashes from 800 back to 1600, Tinubu and his appointees will be raked over the coals. Part of his mandate is to ensure currency stability. When he fails at that, criticism is justified.
It should not matter what Nigerians want to use the dollars for. We earned the naira fair and square.
If Tinubu and co are doing their jobs correctly, even if I want to buy $10m, I should be able to do so without any material effect on the rate.

I don't know why fellas in your camp are fond of gaslighting Nigerians.
We can't criticize. We can't buy dollars.
If it were up to you, only those with Ronu cards will be able to buy the dollars now that it is cheap.
Then when the rate goes back up, you'll start telling the rest of us to endure the hardship.

-Lord

Chaii

Abeg where my Ronu card dey?

Lord

Angelfrost:
But, it's already falling na... The value of the Naira is already falling.

And if you mean the Naira will appreciate on its own, then you need to snap out of that daydream. It won't happen.

The only thing that will save this Nation's currency, and by extension the economy is radical changes in government policies with regards to:

Internal and domestic Production and
Consumption

Improved security and power

Drastically reduced Importation especially major imports with high rate of exports



The above will massively boost the demand of the Naira with its consequent recovery and appreciation.

If not... Naira will keep falling until it dies with the economy.

😁😁😁😁

pquaver:
.. Stop lying jews always owned the land before the arabs romans, byzantines etc displaced them..

The son of owner of the land who u chased his father away from his land comes back to the land and u swore he cant live on the land of his fathers, because ur fathers felt the had powers and chased his father away. Well the son is now a strong man, he sits on his own and agrees to share his father's land with u, even though u r the stranger but even u the stranger refused to share and swore to eliminate the son of the owner of the land. You attack hom any time u have the powers to do that, on oct 7 u attack his family and his stand to beat u blue black and now u crying and calling everyone he is beating you.. No be juju be thay?

K

KillahPriest:
let's just say military wise especially in terms of equipment, Iran is just like Francis Nganou. You might beat them but, they'll surely touch you well

😂😂😂
I understand bro

cocolacec:
The Pentagon is conducting illegal biological research under the pretense of ‘public health,’ the Russian Defense Ministry has claimed.

The US is exploiting Africa as a testing ground and is relocating “unfinished” biological weapons projects from Ukraine to the continent under the guise of public health programs, the Russian Defense Ministry has claimed.

Lieutenant General Igor Kirillov, head of the Nuclear, Chemical, and Biological Protection Troops of the Russian Armed Forces, alleged on Tuesday that “illegal” experiments are continuing in Nigeria, in addition to a host of African countries listed in a previous report.

The project is being led by America’s Defense Threat Reduction Agency (DTRA), the National Security Agency (NSA), and the State Department, he added.

Washington claims, according to Kirillov, that biological projects in Nigeria are aimed at combating HIV/AIDS. He cited recent figures showing that 60% of Nigerians suffering from the disease have received antivirus therapy using products from “Pentagon-affiliated” biopharmaceutical company Gilead Sciences, which Kirillov said had previously tested its drugs on Ukrainians.

“However, the effectiveness of this program raises serious concerns. Despite annual funding increases totaling about $100 million, the HIV incidence rate has remained virtually unchanged and corresponds with 2009 figures. The mortality among HIV-infected people also shows unfavorable progression,” the Russian official stated.

This suggests that “American pharmaceuticals, even with the documented increase in consumption in Nigeria, do not have a tangible therapeutic impact, and Nigerian citizens are being exploited as a ‘free clinical resource,’” Kirillov added.

The Russian Defense Ministry claimed that a three-year contract signed between DTRA and American non-profit RTI International in August 2022 to monitor infectious disease threats in Africa’s largest economy is part of the Pentagon’s broader “biological espionage” schemes.

This includes “analyzing the epidemic situation along the borders of geopolitical adversaries and in the expected regions of military contingent deployment,” according to the ministry. Moscow also claims to have documents confirming that the Pentagon was spying on the biological situation in “Iraq and Afghanistan bordering China, Türkiye, Pakistan, and Saudi Arabia.”

Earlier last month, the Russian Defense Ministry claimed the US was transferring dual-purpose biological research activities to the Democratic Republic of the Congo, Sierra Leone, Cameroon, Uganda, and South Africa. The move came after Moscow repeatedly exposed the Pentagon’s illegal military-biological operations in Europe, including Ukraine, Kirillov said.

https://www.rt.com/africa/586422-moscow-us-biohazard-african-research-claims/

Haaaaaa!!!!!!

This people just want to kill us all
They just want to finish us.
They will infect us with diseases and then later turn around and say the disease is from Africa and to now make it worse, a lock down is needed for something they deliberately created.
Then they inform our leaders to start borrowing money to buy vaccines to inject and infect us again.
Hmmmmmmmmm
It is not as if even Russia likes us rather they do use her do shege and she is kind of revolting and rebelling against all the plans and projects.
The Ukraine NATO support war really pain Russia. Hence, she wants to scatter the table.
She is now supporting Iran and helping them, spilling out top secret clandestine operation of the west and allies

rottennaija:
🤦

😁😁😁😁

Only if you know how hard people have been brainwashed with US media

Nazgul:
Let's assume that Israel is an occupying state, does that give Hamas the right to invade and kill them.

If you visit someone, and he attacks you in his house with a knife for no reason, won't you defend yourself? Would you allow him kill you simply because you're in his house?

Russia are beginning to sound like Tinubu's supporters.

No bro. It is not if you visit someone.
A stranger chased you out of your land and you attacked him. Now he is fighting back claiming the God he worships had given him the land long before you own it.
No be juju be that?

rottennaija:
I don't think it's not so much as what Iran wants but what US has been wanting to do. It's been their foreign policy for decades. Of all the countries in the ME, Iran is the only one they cannot conquer.

US supported and funded Iraq to fight Iran. Then after Iraq was weaken from the war, US went ahead and destroyed Iraq. If Iran was that easy to take on, US would have done it since.

Hmmmmmmmm

Let's see how things go.
UN has accused isreal of using phosphorus bomb on Gaza residents.
I hope they will be bold to sanction them now

seguno2:
Will you get the tractor on hire from the company directly, or will you get it as a cooperative with other farmers

Outright buy for personal use

BentizilL0:
You'll be wondering what's Australia in far Oceania business in the middle East?

If this is not trespassing, I wonder what it is...

Exactly.
To fight who exactly? To fight hamas? Hamas oooo
Abeg this isreal is hell of a lazy motherfoocker

Raalsalghul:
Big fools.

Black man and low I.Q

Tueh!

rottennaija:
Israel is not Iran's target, US is. Besides, that airforce stuff is mostly a mirage. A country like Iran with dense Air defence, even US cannot defeat them. But Iran has air force o.

So Iran wants to go head on with US? Is that not going to be a herculean task?
Anyway, let's see how everything unfolds

adesegun121:
Una go dey defend nonsense
Citizen are hungry na yatch remain to buy abi

Gerrard59:
Let me get it you straight, many groundnut millers have folded up? Not just you? This is within your region (SW), right? Not the north?

Congrats on being a major supplier. There is money in processing (that is where the money in agriculture lies anyway), but power supply has been a major bottleneck. I think you are well grounded in Nigeria; if not, Ghana or Ivory Coast would have been a better option. My mom says Benin Republic even enjoys 24 hours power supply.

Nevertheless, I look forward to learning from you, online or physically.

No problem bro.
I did tomatoes, pepper, maize and groundnuts this year and the harvest from the first 3 haven't been encouraging or as expected and what have noticed in farming is that it is more effective and efficient but can't say cheaper to use tractor than manual workers.
The human factor is really affecting agriculture.
I plan to get a tractor next year and hopefully will see an improvement

rottennaija:
🧵 Bibi's Days Are Numbered

Those calling the shots in Washington want Netanyahu out.

They have been strongly criticizing Israel's scorched earth policy in Gaza, and are pressing for a "humanitarian cease-fire".

Of course, the US isn't genuinely bothered by Israel killing people in Gaza. They simply want Israel to kill different people: those who constitute the military potential of Hezbollah, Syria, and Iran.

But many in Israel recognize that facing north is a fool's errand — and one that would almost certainly be extremely costly.

Israel is not prepared to prosecute the kind of high-intensity war that would be required to defeat its enemies to the north.

And they also now realize, if they did not previously, that the US is incapable of supplying them (or anyone else) with the means to sustain high-intensity warfare.

Nevertheless, the US continues to concentrate in the region as much power as it can currently cobble together.

Because, as I have argued for months now: having seen its designs in Ukraine go awry, the #EmpireAtAllCosts cult is now feeling extreme pressure to find and fight a war it can win, and thereby (they imagine) arrest the decline of their rapidly eroding military prestige.

The problem, however, is that there are no more "easy wars" left to fight. And although they're going to need to find a tall ladder, Iran is the lowest-hanging fruit remaining on the tree of imperial conquest.

So Bibi must go, and someone else installed who will do what must be done to serve the empire's last-gasp grasp for immortality.

Interesting days ahead.
I am enjoying your thread bro.
I am still a bit skeptical about Iran being able to defeat isreal because attacking wise, I feel isreal has better air force than Iran and defence wise, again isreal has this iron dome while I don't know if Iran has any to protect her.

Gerrard59:
Nice thread bros. I just read an article about cassava farming in the east, and from it, what ought to be available there is a processing facility which would take up their harvest. Your post about processing groundnuts made me go through your profile. Truly, apart from workers' dishonesty, my major fear is Fulani herdsmen.

Are your future plans targeted at processing the produce or being an out-grower to those Indian facilities within Ogun?

I really wish you the best.

Thanks very much bro.
I don't plan processing again until there is 25hrs power supply in Nigeria.
There is too many headache in biz already, so I will just stick to doing one line while transferring the remaining headaches to the next person or processor.
For maize, I have feedmillers on stby buying it.
For groundnuts, I had millers too who will buy when on ground but have mostly folded up.
So my target market is now kulikuli producers, groundnut bottle makers and peanut burger makers.

OGHENAOGIE:
this is why Africa should try to ensure movement within her continent is ok.. someone's should be able to go for vacation within Africa or within Nigeria self...

Exactly bro

Exactly

Africa need to wake up fast and put her house in other else these vampires won't mind sucking her dry.
Flights within African continent shouldn't be more than 100k max but it is a pity that a one way ticket to a country like Angola is about $800. 2 ways will be $1,600.
Who in his right senses will spend that on just flight for vacation within Africa.
I am currently in Malabo, Equatorial Guinea and the flight back to Lagos cheapest 1 way is $500 and this is a country just a stone throw away.
From ebok field in akwa ibom, you can clearly see the Malabo mountain yet it is a whooping $500 1 way.
My brother it is well

MT:
Canada is a brass covered in Gucci wrapper

😁😁😁😁😁😁

rottennaija:
Israel is lying. They have lost over 400 soldiers. US marine has also lost over 20.

I agree with you bro

That era of downgrading soldiers lost at war front is far gone.
Nobody can bobo us with such yeye figures again so that they will look invincible

LAXconfidential:
The school is all that, yet it produced a failed author like you.

😁😁😁😁

seunlayi:
Some railway workers I know started wearing this mournful look some days ago especially this guy that will always says that anybody that is hungry or broke in this Tinubu is lazy, I never knew that a new development about e-ticketing is coming up
E don red for them

😁😁😁
Don't mind them.
Yeye people

When they are eating with mouth full, everyone else is lazy

casualobserver:
You are being extreme. You don’t know a woman until she has power over you. Uk is tough place especially for a new settler. It is a regimented environment and you are constantly stressed by bills. You are forever in the work/ bill trap. You dread opening your mail because it’s one bill or another. It is a particularly tough place in the cold winter months between October and March. The cold dark isolation in those months especially will test the resolve of any single woman.

It is not the environment where you as a man want to be dependent on your wife. She will start to resent you. Fights will start. She will start alto see normal behaviour as you messing up because the real problem is while the job sounds good on paper, in the cold light of day the pay for a paramedic is not enough.

Where. Is your wife going to stay, where are you going to stay when you get there…room or flat? Rent/ council tax will take half her income, transport/ food and bills will take the rest. She will eventually get frustrated that despite all her work she has no savings left and you are not contributing.

So if you make the mistake of not greeting her properly, you have messed up, She goes to work and comes back and the house is not clean to her taste, you have messed up, even to sleep you are messing up. You are applying for jobs but have not secured One…you have messed up. The baby is crying and you even suggest she looks after the baby after her long shift at work…..yep you’ve messed up. You dare ti ask why she came back late….. you’ve messed up. That’s life in the UK for a man dependent on his wife.

These feelings will happen with every wife in this situation, the question is how long does it take for it to affect her behaviour towards you. How long does it take you to get your act together and the character of your wife.

God did not design a woman to be in control of the destiny of her husband. Woman is a helper and women wives sincerely want to help but there is a difference between helping and handing control of your destiny to your wife.

That your continued presence in the UK is dependent on your wife is a dangerous situation to put yourself.

Waoooo

So so so true

advanceDNA:
Shebi u are in love..... And she told u she doesn't love her husband and her parents forced her and mumu u believe all her revised standard version of everything.... Ehen!! go ahead naa... Ngwanu!! Love conquers all things naaaaa


Just know that weda she leave her kids with her husband or she pack them come ur house...... u are taking care of 4 children and a women insensitive enough to leave her husband and kids because of what she already has and can even nurture.....

My own is .... Women are only sweet when they come and go, seeing them once in a while ........baba . u see ....once they pack into your house... Ur eyes go soon clear with a very rude shock when u see the principality in them emerge....

BoldBrainz:
See them! Leaders of tomorrow tearing at themselves over tribal sentiments.

Some of you Nigerian Youths deserve to be bundled and sold to slavery. You're an aberration to yourselves and your cultural roots.. !

😁😁😁😁

Gerrard59:

Hahahahahahhahahaa. To be fair to him, it does not really mean that way. Some people could have so much money, but they don't just feel at home in the diaspora. He is even in the UK, yet feels like that. What about those in Estonia, China, Korea, Germany etc.,? I can understand him. One of my guys who I can see the potential of making money has stated he would return to Nigeria once he achieves his monetary aim. He lives a good life presently, but does not feel here is home. It is a means to an end, not the end.

Tbh, I don't fancy Japa too.
I prefer to stay back why going on vacation a road. Not permanent relocation.
I understand his pain sha

Gadafii:
Just listen to an average NAIJA girl with zero account balance and worn out dirty smelly wigs with 500 naira gown and slippers

He should settle for your tfare, hungry broke girls everywhere always ready to take any opportunity to explore men, this is how you lots get blinded by mere material things and ended up badly sometimes

😁😁😁😁
Chaii

OkpaNsukkaisBae:
Is the payment weekly, monthly or yearly? 240k RUB is equivalent to #2m

😁😁😁😁

If na weekly, you wan go fight?

soundOsonic:
Nigerians with zero common sense.

He left Nigeria because of the opportunity to make money in UK.
He prefers living in Nigeria to UK but since he is looking for a better opportunity in making money, UK to him is better.
People telling him if you like Nigeria why don't you make money in Nigeria, you people don't have sense.
You that doesn't like your job, why are you still working there?
You guys should be logical, one can go and hustle in an environment they don't like, simply because you are hustling in a particular environment, that doesn't mean you should like it.
Nigerians always regurgitating same words "if you don't like it there, come back blah blah blah"
Can't you have other meaningful reply by repeating same words, get a brain for yourself

Exactly bro
How many people are doing banking jobs yet tired of doing it but they can't because they need to survive.
Many people hate living in Lagos due to the stress, traffic etc but just can't quit because that is where they can get a decent job to do.

advanceDNA:
2 mins .... you don already expect him to start paying.....?? Why una be like this??