₦airaland Forum

12Monkeys:
Rubbish analogy.

Buhari and his useless APC did not give any successful local business man in Nigeria any insetives. Rather they are bent on exploiting our sweat through this useless policy.

If there are loop holes then block them!

A situation whereby superstitious followers of the arabic diety Allah are given waivers to forex to go see their stone shrine in the desert where they produce or add nothing of value to the economy and govt coffers and you turn around and tell me that is engaged in productive venture that you will be charging me a higher forex at prevailing parallel rates but only for you to collect my forex earnings through my hardwork and decide to give me a ridiculous low rate in return is tantamount to monkey dey work baboon dey chop.

Who in God's holy name did this useless forex help if not Buhari and his fellow corrupt travelers who get forex at subsidized rates to meet their needs and also offload it on the parallel markets at higher returns? In short who our reserves epp?

As things stand now, no right thinking business man will invest in Nigeria neither will ny one with little sense left hold onto the now bastardized naira.

This policy just goes to prove that Buhari was sent by the west to poverize us.

In 1984 he refused honoring any local obligations and concentrated almost all our earnings servicing western loans. He did this because there was a mild recession hitting the UK then and it is no secret that the US and UK openly accepted Buhari's treasonable act of overthrowing a democratically elected civilian govt.

Today he is back and repeating the same useless anti Nigerian policies he did 30yrs ago by letting our forex lie fallow in foriegn accounts at the detriment of our local economy. This is confirmation that the man Buhari is nothing but a western stooge and puppet.

He won't stop until he poverized Nigeria back to pre-1999 levels and he has the same set of traitors surrounding him and cheering him on.

So stop cheering stupidity for once in your zombie existence.

See the way you have deviated from point of discussion to partisan politics and useless topics that have not bearing to Export grants that was suspended.

i do not belong to any group (I am neither pro-APC or pro-PDP or anti of any of the political parties) and so your stupid generalization about been a zombie does not apply to me and i am sure that there are loads of Nigerians that are called "undecided" that do not pander to the whims of PDP or APC or to any of the Nigerian political parties.

Ping my mention when you are ready to debate fiscal and monetary policies without recourse to coarse language or name-calling or bringing your partisan politics to play!

Parting shot: I can see why you can't run a successful business without blaming the govt. in power. You need to be properly schooled in how to use whatever prevailing policies or lack of policies to make legitimate money without resulting to illegalities.

12Monkeys:
You are complicit in defending this folly so that's why you were mentioned.

Ok. So i will ignore that rants because it is insulting and i do not want to be associated with derogatory words.

Back to our discussion, lets bring it down to a personal level (I am assuming that you are a business man), imagine you gave some money or incentives to someone that will further or make your business grow in the long run and they take your money or incentives and use it to bring in items that would not grow your business but will only enrich them.. How would you feel? Would you continue giving your money to such person?

12Monkeys:
You confirmed zombie illiterate.

Import waivers are concessions given to manufacturers and also exporters who require imported materials to augment their export or manufacturing based operations.

The waivers are given in this case to miners needing to import heavy duty equipment, chemicals and other neccessary materials for their operations.

That is what the waivers are meant for.

If they export stone who bennefits most? Isn't it the federal govt?

Since they bring about forex inflows.

The useless glorified account is claiming the waivers are being abused by some exporters to import materials not needed for their daily operation.

So in this case , what this means is that we should just be working and exporting goods so that CBN can have forex but when we need the forex they claim we are abusing our waivers.

[size=18pt]Now if you had sense you will know that if you export goods , the forex is not given to you but the CBN credits your account at the prevailing official rate in naira which is far lower than what you will get from BDCs.

This then means I will be working to export goods and provide dollars cheaper for the federal govt but when I need forex for my import requirement, the CBN will tell me to purchase at the ridiculously higher margin from BDCs.

This my idiotic friend is why manufactures are closing shop.

At the end of the day we are all working for Buhari and his useless thieving clueless cabinet

This is also similar to how we can only receive money transfers from western union at the ridiculously low CBN rate but if I want to send money abroad , I will pay at the parallel rate in the same western union office

Next time know who you dare mention to insult your father this morning


Silly taju.[/size]

Cc: enigma2007

Bros! I do not understand if your rants was meant for me or Mylove55?

chiefobdk:
imagine the ignorance of the finance minister..



we have economic stones(rock) in large quantity in different places in Nigeria.. it can also be exported

You are actually the ignorant one!

The question from you should be: are those stones under the export grants program?

Moreover, she is not stopping anybody from exporting the stones. She is stopping people from claiming grants for such exportation.

Goke7:
thanks for enlightening the guy you quoted, I work in an industry that was enjoying this Export expansion grant [EEG] until it was suspended, in fact there are lots of backlogs of this grants which are yet to be released.

Nigeria is such a funny country, we complain that Govt does not help businesses but we fail to admit that instances where Govt assistance has been given, there have been serious abuses. Do you know that it was even foreign companies in Nigeria who are into exports that severely abused the EGG in connivance with Nigerian agencies officials, they were making bogus claims in their cost of production to swindle Govt of the EEG funds to themselves. If I have my way I would have mentioned the name of the company who actually put everybody who was enjoying this EEG into this mess.

There was a time too my industry was enjoying direct allocation of AGO [diesel] from the Govt at a very subsidized price to reduce cost of production but guess what some folks in my industry saw it as a way of making some extra cash as they started diverting some AGO to people who were never in that line of business.

We have ourselves to blame as Nigerians, we can't simply govern ourselves.

Exactly! People do lots of fraudulent things and get obscenely rich while expecting the govt to look the other way. Sanity must be restored at all costs and all the undesirable elements should be weeded out and prosecuted fully.

12Monkeys:
[size=18pt]If Nigerian business men can export stones in return for dollars, how is that a bad thing?[/size]

Mumu ode minister

Seems you did not comprehend her message. Let me break it down for you, exporting stones for dollars wouldn't have been a problem if the exporters did not use the items to claim credits/waivers/grants/incentives from the govt rather they export nonsense and claim credits/waivers/grants/incentives which they now use in importing fish to the country.

In summary, they swindle the country both ways in the name of profit hence why the last administration stopped the credits/waivers/grants/incentives given to them and current administration is upholding that suspension pending when they can look for ways to fix the loop holes that led to the abuse.

Spells:
I see something like rocket luncher.... Abi na me no dey see well

Na so i see am too oo! Had to look again to be sure

ehie:
in developed countries the provide Healthcare, electricity, water security and housing

All from tax paid.. Now we can start asking the govt what they are doing with the tax collected.

Obynolee:
There is peace now,since yesterday

Praise God o!

shyling:
4 posts 42 views and fp!

It needed to move to FP so that people can plan their journey before they get stuck in the middle of that fracas

OPCNAIRALAND:
I question your brilliance if you struggled with fulani for top position in academics. Seriously!

And this is the most stupid post that i have ever read today.. So been intelligent is a function of tribe/culture??

Please try and be objective in your thinking and conclusions..

frozenSun:
ahh

sure say dem no use bullet humble that elephant.?

Then he wan die bi that! Its either you kill them or you tranquilize them properly else the elephant will trample everything within its path until it drops from exhaustion or blood loss.

Those elephants get tempers that you cant play anyhow with o!

pyyxxaro:
Can't wait to watch this film # Gonna be very interesting #

Starring ;uche Jombo, Chidi mokeme, Segun Arinze, mercy Johnson and Jim Iyke

Produced By ; Teco benson, Zeb Ejiro and Lancelot imasuen

For whole sale booking come to NÕ 3 Chibundu street, Upper Iweka rd Onitsha

You forgot to add "Ebipejo lane, Lagos"

Pseudonymous:
The question should be; What have you done for your country?

He has done nothing! So the country won't even miss him..

Desdola:
7k for cab within a state... Talk true

Possible! especially if you cannot negotiate well or the area is traffic prone or far...It depends

flyca:
How long can be used to withdrawn 2.7million from an ATM? For most banks, daily limit is N100K. That means it happened in a space of at least one month? If he took 100K er day, it would take him 27days to withdraw N2.7million. That means oga boss did not receive or make calls with his business line over this period?

To be honest, I think his boss exagerated.

God bless you! I was about to write same until i saw your message.

Except that ATM card is a platinum one or a business ATM with bigger withdrawal limit!

afroxyz:
Different strokes for different folks. Since he dies not want to confront his MIL (which he shouldn't do), he should either move to another part of the town where before anybody comes, they would first call, or move out of the house totally and leave the house for his wife and MIL. If he does not checkmate it now, they would be running his marriage and family for him. Better he starts now especially when there are no kids

He moved twice already.. Make una pity am na

afroxyz:
I guess you are staying in close proximity to your MIL that's why she visits like a pregnant woman going for antenatal. I suggest you move to somewhere faraway from your present location. It may hurt you, but it would save your marriage. When grandkids start coming, e go worse

I stay like 5 mins away from mine but i don't have time or the patience for people to butt into my affair!

dynamite11

I feel you bro! I am also an introvert and it can be a pain fighting for your privacy (my MIL comes in everyday to help with the kids because her house is not far from mine).

People had really given you some advice and i will just add my lil cents.

1. Created a cocoon for yourself in your bedroom with another TV (subscribe for dual view). Infact, my PS4 is connected to the bedroom TV. Get your wife into your cocoon more often to discuss and bond while MIL can watch her TV and play with her grandson. Even my mother can't breach that space without me putting her in her space firmly.

2. Be firm with decision making within the house and do not be passive or abdicate such role. Consult with your wife where necessary but know that the final decision comes from you (No buck passing). Like the Dubai trip that you are planning, tell her that the trip is for your immediate family, don't be emotional about it and if she insists on coming then you will need to learn to travel alone or with your son so that mother and child can have all the time to themselves..(i love traveling alone though )

3. Be rude at times... Been gentle or an introvert should not be mistaken as weakness (Shouldn't be giving this advice). I am known to ask people to their face not to come to my house uninvited or tell them that i am not expecting them and close my gate (right from my secondary sch days). Nobody crashes in anyhow despite the fact that my wife's family and mine are like 5 mins away.

4. Learn to speak your mind and not bottle it up so that you will be able to talk without saying things that you will regret.

Airforce1:
Even if she give me lap dance from morning till night , my diick no go rise

Bloody liar!

slap1:
We have never had it so bad.

It has always been that bad...The scam had been well hidden in the past and its now coming to light..

otokx:
Every time nearly

Bros! Read about that Ma long... The guy has been world number 1 for 4 years...

https://en.wikipedia.org/wiki/Ma_Long_(table_tennis)

yaaaaaay! So happy for her.. She is breaking new grounds..

Where is that dude that said she shouldn't disgrace Nigeria...I wan donate am better e-slap!

saintikechi:
after 8yrs, you can only commission cassava grinding machine, while billions of dollars is taken from the region to develope the north. shame!!!

Bros! No talk wetin you no know o! Every oil company operating within the ND region allocates and pay a percentage of their annual budget to NDDC. The question is what happened to all the money?

The 2 ex-ministers of NDDC should be jailed asap or NDA should bombed them to pieces.

depezee:
Please in your next world do not combine Yorrober and Ibo in your analogy because darkness and light are never the same

You spoiling the fun..

Loosening up from been too tribalistic.. Moreover, we are all learning here and who knows where it will be useful tomorrow.

nnokwa042:
olaito 3 rounds ,ramuotu bang me. Saidaotu still ends with otu in tootoo

chiso...Lmao! hahahahahaha

nnokwa042:
Imagine u as igbo person and u got 3 yorubas as friend and thier names re olaito ,ramotu, saidaotu

Wetin be the meaning of those names in igbo?

Correct lady! Thumbs up