₦airaland Forum

Acekidc4:
Obasanjo is indirectly Calling himself a Failure cos all those things he mentioned happened during his Tenure too🤔 Pot calling Kettle black!! Shioor!!

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.

plaindealer:
On a serious note, this is really disturbing, Obi cult members really need some serious psychiatric evaluation...

See what they did to the poor fish..

This is not normal..

LocalFARMERS:
I left Benin for Kaduna few days ago. I noticed that People still buy pure water for #10. In Benin, pure water is presently 2 for #50.

I also noticed in Kaduna that, only #50 has been added to most of the drops of transportation. For instance, Sabo to Central Market is now #200 as against #150 before subsidy removal. Both Bikes and Keke also increased their transport fair by #50 only. Op many northerns are on monthly salary from either federal government, state,local govt or representatives. At least I know some northers who came to serve in my area. The guys confirmed it. Even as they were serving they were collecting allawee from federal government and also salary from their local government

However, in Benin the price hike is above 200% in most routes. From Ring Road to bypass used to be #300 before subsidy removal. But it has now been increased to between #500 and #1k. From Ekiosa market at 3rd to Aduwawa used to be #150 before subsidy, it is now between #300 to #400. Same applies to all routes in Benin.


All pure water raw materials are the same. I wonder why pure water will be cheaper in Kaduna while the same pure water is 3 times higher in Benin.
Note that, fuel cost more here in Kaduna than Benin. Some fuel stations sell above #700 here. While the same fuel goes for between 580 to 620 in Benin.

Mom007:
Bro, lemme shock you, even with those prices, their margin of gain is ridiculously low. Them no dey gain anything. That business is a suffer head business and that's just the truth. I think the solution to a lot of Nigeria's problem is that people should just go and farm. Everyone should keep a garden. This our dependence on buy, buy, buy all the time is killing us. Government cannot fix everything. Even if they count raw cash and give everyone, it will end in inflation with plenty money chasing few goods.

Lanre4uonly:
It is well.
We shall overcome this situation.

inoki247:
Lol shey you count yourself among the disappointment....


After leaving Power they turn to Motivational speaker....


Ordinary 247 electricity, Ibadan Express way, Alot of Federal road you couldn't fix and you're out dere preaching jargons....

jrusky:
They are not Igbo but bastards from Yoruba land likely igbo are their father like Obj.

And pls stop refering to endsars when talking about that stupid evil occultic obi and his slave because I follow do endsars in peaceful manner but hate obi with passion.

If dem born una wella make una enter street wallahi body go tell una....

Sharpsharp00123:
we challenge u all to try that rubbish

It’s u igbos attitude that anytime u lose u will want to scatter everything, just try any rubbish like that endsars massacre hoax

Sharpsharp00123:
we challenge u all to try that rubbish

It’s u igbos attitude that anytime u lose u will want to scatter everything, just try any rubbish like that endsars massacre hoax

richie240:
Nice one.
You appreciate ur benefactor in every way possible.
May we not cast our seeds amongst ungrateful lots who will end up betraying u after all u've done for them!

honorik:
2

MRDEE01:
Mr Tinubu should as a matter of urgency increase production and also increase agro export.
The more forex we earn,the more the prices go down.

We can't be hunting forex in an import dependent economy and be praying for forex to crash.