₦airaland Forum

WrriterNig:
⚡Netanyahu told a top Knesset panel that "Saudi Arabia and the United Arab Emirates (UAE) would finance the reconstruction of the Gaza Strip after the war against Hamas."

“The first step in Gaza will be to defeat Hamas. After that, I believe that the United Arab Emirates and Saudi Arabia will support the rehabilitation of the Strip,” Netanyahu said in closed-door testimony to the Knesset’s Foreign Affairs and Defense Committee.

From would finance(which is definite) to I believe (probability). Why can't you make up your mind on what he actually said.

Maynman:
The truth is everywhere, have you tried researching?

I have. I thought you'd provide a link to the research work so I can also see how he came to that conclusion.

Maynman:
Really

So because someone posted this without a link to the research, it became the truth. Really?

Kukutente23:
Here we go
So you think we should give him 8 years too right?
Anyways it should interest you this is Edun speaking about monetary matters and not Cardoso
You've still not answered who or what will foot the bill of the inflation not affecting dollarised naira

You brought in CBN Gov into the topic, not me. So I had to make that statement on comparing both governors.

On the issue of footing the inflation because we can't wish that away, their plan is to shore up the external reserve with what they have in mind and you know quiet well that the value of a currency is tied down to it's reserve which has a ripple effect on inflation. If you read well, he said it's work in progress. Let's be patient to see the final work done and know if it can work or not.

Kukutente23:
Whichever? Someone or something must be the hedge against inflation. What that will be is not clear.
I've not said Emefiele was good. But if the people who declared him bad can't make cogent workable policies but just making open ended statements, what's the difference between them and Emefiele

Emefiele had more than 8 years to work but couldn't even get a single policy right. Cardoso has been in office less than 6 months and you want to compare both. Really?

onajo2000:
The driving laws are known worldwide by drivers even without traffic light

Driving laws are known world wide you say? Not in Nigeria where people don't obey road signs nor even use trafficators.

Chinny024:
Two people can't sit together in peace again..😉😉😉😫😫😫..Everything is now cheating right?..They were not seated in a compromising position na..

But hanty, u no try at all...Ur mouth come sharp ontop..Apologize first!

Wahala dey o oo..

Apologize for wetin abeg? The man was recording what may or may not be cheating and naturally, she'd be upset. The man don tire and wants out but was not smart to get better evidence.

richiemcgold:
The man is probably a simpleman, the type peculiarly known as simps



No, his cheating wife doesn't make him a simp, the way he handled the whole saga was what gave him out. With the way he was talking in that video, there was no iota of authority in his voice. Such a man doesn't deserve to be called head of a family. See how his cheating wife was even chiding and disrespecting him as if she did nothing wrong. And the lover boy was there too, telling our dear simp to stop embarrassing him. OMG!

You think say na naija where fight for don burst by now. Oga, you go hear am if you try am. My concern is his evidence is too weak if na this video e wan use proof say the wife dey cheat.

cenaman:
Baba Chicago. The nepotism that runs in his blood is second to none.

Nepotism kee? That wasn't a lengthy read.
@ topic, Good work from the president.

Mansa6:
Keep quiet...

Oti as a person has TRACK RECORD as a banker...

Obi has NONE.

Besides,the 3 ex useless governors of Abia are making Otti's popularity easy because they did ABSOLUTELY NOTHING..

Orji Uzor Kalu did well on road construction in Aba. He worked on several roads using zerock construction company that he is a shareholder in. Ikpeazu and T.A slept all through there tenure.

PHAYOL81:
And to think that same IKPEAZU was voted in twice by same people trying to convince us against re-electing H.E BABAJIDE SANWO OLU whose performance records in term of capital projects and human development projects hasn't been matched by the achievements of all the leaders they celebrate put together.

A food for thought for the lost sheep of the YORUBA kingdom.

MAY GOD CONTINUE TO BLESS YORUBA LANDS

MAY GOD BLESS ALL THE PATRIOTIC YORUBA INDIGENES TOO

ILE OODUA A GBEWA TAKO TABO, TOMODE TAGBA O






AND also bought the people and co-contestants over to keep shut ？ I want to believe this above reply of yours is a sarcasm otherwise ......

If you believed Ikpeazu was voted in for the second term, then I have a plot of land inside Ado rock for sale. #20m only.

AriyaTV:
Okorocha started like this.

Okorocha started with noise and statues. Otti is only about actions but let him also remember Aba is just a part of the state. Let him focus on the whole state.

Kukutente23:
So who is going to be the buffer for the inflation? CBN?
I thought you guys said Emefiele is bad

Do you mean what is going to be the buffer? Emefiele was bad, let's not pretend about it. Would cardoso be better, time will tell.

Alamkir:
Why am I not surprised a bit? Is only people that dnt know them that will be surprised.

Wow!!! And believed that without researching it? Wow.

lexy2014:
who are those people?

Currently, some people are hoarding the naira because of the season. Those are part of the "they".

ambale:
First and foremost, the government needs to be sincere with themselves and their citizens

So many mistrust and it makes any policy succeed even if it's the right one

Isn't it obvious that the populace and the government are on different divides

I wonder how we want to succeed sha

I agree with you, trust has been eroded. Everyone views every govt. policy with suspicion. However, I'll wait and see if the instrument is security backed or not since they are still tinkering the executive order.

IbeOkehie:
Will government still remain in control of the value of the naira as part of this plan? Will there still be a CBN rate, IFEX rate and parallel market rate? Curious about your thinking.



Nobody is afraid of the dollar losing value. NAIRA is the currency being decimated by inflation. In short, let's say it bluntly - this is an attempt to seize dollars from Nigerians. Anyone that deposits dollars and takes that "instrument" or whatever, is NEVER going to get their dollars back.

This has happened in Argentina, Lebanon, Zimbabwe and Venezuela. It's the USUAL step taken by bankrupt governments to steal from their people. This guy is a former investment banker, right? How can he prescribe something like this? Alarm bells should be ringing, it's a very bad sign of things to come.



And I thought it was just crazy thoughts on my part. Glad to read some sense here.

Cheers.

I like your analysis though I'm yet to research on the mentioned countries.

It's obvious such questions may come up and govt has to give a security to secure depositors funds or explain how they plan to mitigate the Argentine experience.

Since they said it is work in progress, I want to see the final work so we'll know if they are serious or not.

Nice one from you.

Blaze14k:
Well goodluck to him and the people that will deposit there dollar. If my dollar wont yield interest while it's in the bank forget it.

I want to ask why is tinubu so focused on the exchange rate, does it mean he is not interested in local production?

I think local production is still on the table. Pls bear in mind I'm not holding brief for him but based on the thread. The machineries and spare parts will be imported and that is where fx comes in.

Iamzik:
Baba I no fit drop wad of dollar to collect paper from Nigeria government. I no fit shout biko

People who buy t-bills nko. Make we wait first. Person say im mama soup sweet pass na until you taste am first abi no be so?

Sonnick:
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NzogbuNzogbu:
a currency that is not your country currency and you have limits to, you think it would be easy to just peg demand irrespective of whether your currency is sinking against it

Is it same govt that don't even have enough forex

Bro, it's still work in progress. Let's see the modalities of the executive order before we can criticize it.

Iamzik:
And to actually believe this? 😂😂

Blaze14k:
Wait do you genuinely believe in what u just said now. In this present Nigeria? It's only a foolish person that would listen to that. First of all let tinubu take the dollar he has stored in his house to the bank.

He said they are working on it. Let's see how they want to sell it to the public but if it works, it'd be a brilliant idea.

lexy2014:
who are the people he is talking to?

From the post, people who are hoarding the dollars and citizens outside the shores of the country who are afraid of losing the value of their money due to exchange rate issues.

RepoMan007:
Bound to fail and the reason for that is simple to comprehend.

The private earners have virtual dollar/forex accounts they keep their forex. The private buyers of forex within Nigeria too have similar accounts. At exchange stage, they communicate through channels CBN don't have control over. Channels like Whatsapp, Telegram and co.

This approach is dead on arrival.

You didn't read it properly.

What he sai is lets says you have $10k cash, you pay that into your account and get an instrument of $10k. This way, you do not need to worry that inflation will erode the value of the 10k since it's an dollar instrument not naira. Anytime you want your $10k, you will get it back.

I think it's anbrillant order as most people fear is inflation eroding the value of the dollars.

Bluntemperor:
A good talk and brilliant submissions,not based on tribal sentiments!
•As we are talking,a Video showing Benin- City Airport in over 8- hours Darkness even without any Generator to power a whole Airport and you want Foreigners to come to Nigeria,na?
War Against DISCOS, should start , from Edo!
CEO - Obaseki,the Governor - how now?
- do the Workers Salaries reflect the 35K?
- How has the Palliatives been from Federal Govt Palliatives released to the State Governments?
- How much you get from former President- Buhari last year- on the Homongous Money - Back to Back- with Other Niger Delta,on the Oil Money Shortfalls-paid back since 2021, because the People of Niger -Delta have not known the Amount Buhari gave Una,till date,Only Only Hon.Wike- declared his own as Govnr of Rivers then!
- How much this year Budget goes for the Masses?
• Edo no be Lagos - even the Airport can't get steady Generator!
Too bad!
I beg,make Una park somewhere!

What has all the long diatribe got to do with what I posted or are you confusing me with someone else?

jrusky:
Have corrected that, thanks...

You are welcome boss.

ican2020:
I watched the video the young girl is right to a great extent but the man who is asking the girl questions should shut up

Our roads are terrible and traveling by air is almost becoming extremely difficult due to the unbelievable amount that the airliners want us to cough out, can you imagine paying 300k to 600k for round trip journey that’s insane

Work’s minister saw shege when he travelled through Abuja Lokoja to Benin City ended up spending 14 solid hours in spite of having security

As if that’s not enough the wicked and heartless MD of NNPCLD or whatever ever the name is and reappointment by Tinubu said recently that the local refinning of crude does not mean reductions in fuel prices, what’s is the benefit of refining fuel then in Nigeria

It will never be well with these enemies of Nigeria

Why would you tell the guy asking her questions to shut up. Agreed some of her assertions are correct but to claim that you can't get a degree in Nigeria without sleeping with a lecturer is the height of foolishness.

The hasty generalisation was uncalled for and that was why she couldn't answer that guy when he asked if everyone with her type of financial background that graduated slept with lecturers

jrusky:
To go and do what in Geneva? Why must he go to Geneva in the first place? Since he became the Minister can he point to anything he has achieved so far? As he even raise N500m into FG purse since he became the Trade Minister to give him the audacity of asking for such money to go to Geneva my a s s?

Hmmm....bro, na woman no be man.

dunski:
This is so embarrassing.A minister of trade does not know balance of trade position with your foremost trading partner can easily be obtained from CBN.E go hard o

Na come-and-chop minister. Watch osho baba at budget defense and you can't help liking him.

vanbonattel:
Did Oshiomole suddenly realise there is need for financial prudence just because this minister is Igbo?

Oga relax, see as osho bab tackle prisons boss. The man wants you to show that you know what you are doing. I really love what he's doing and wish we have more like him.

fergie001:
I am confused on the use of English whether it's demolition or renovation!

Demolition is better!

How can demolition be better fergie? They simply just need to renovate the complex and that would cost less.

puskin:
OK.

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