₦airaland Forum

Matrixoba:
So the reporter counted the number of bandits to know that they were 150 in number?
Isn't that wonderful?

Still living in denial

elasticlala:
Did you see the guys with that thing (like rocket launcher) that could bring down the chopper ?

This baby comes with Electronic counter measures against small shoulder fired munition and can receive small gunfire without much problems ...if the pilots know how to use it , men on motorcycles stand no chance

Softmirror:
How has it increased? It was far WORSE under Good luck Jonathan. You want to say you have forgotten? Infact Kano was having bombs explosions frequently.

Bombs explosions being carried out by politicians to discredit Jonathan. ..tell us what security measure APC put in place to stop bombs in Kano?

Never seen any of this Agro investment schemes that work ...OP please fix your title ,this is not a fintech company before you cause panic

If this is is true then its because plenty of middle-class folks who could afford medical tourism before can no longer , now it's has become the preserve of the corrupt political class and their cronies

Some of us warned y'all about Tinubunomics , it's a path that can only lead to excruciating poverty

nairalanda1:
Over ten years ago, we were in the midst of high revenues from the oil boom of that era. Between 2010 and April 2014 , oil prices were as high as 100-130 dollars per barrel. That's why earnings were high. Also thanks to debt forgiveness in 2007 and oil being as high as 145 per barrel in 2008, there was money in reserve to spend.

Since April 2014, oil has been too low for us to make a living, so borrowing happens. Prices have been below 80 dollars since 2015 January. Meanwhile because of our growing population and import based economy, forex needs keep on rising too. The brief oil price rise in 2021/2 yielded revenue which went to pay off debts.

Any economic growth we have since independence comes when the prices of the resources we sell are too high. When they fall😓, palaver don start

And even then most people are poor. Only a tiny minority. Benefits from boom prices

I am not the kind of person to peddle such falsities with ...

The average price of oil under Jonathan tenure was $94 , under Tinubu so far the average is 82 dollars , thats just 12 dollars difference, it doesn't account for the kind of degradation the economy has seen so far , using the oil price difference the devaluation should be no more than than 13th percent but it's over 1000 percent ...

This has nothing to do with oil prices but all to do with one bad policy to another bad policy which are the hallmarks of the failed APC

nikky5:
No doubt, Tinubu is doing a great job.

No he is not , in 2014 Jonathan generated 28 billion dollars for the same period, Tinubu is generating 5 billion dollars ...that a 23 billion dollars reduction..it's a horrible result

Rebuke:
That's very good but my question is, what is the direct or indirect impact of this income on the life of an average Nigerian?

Prices of daily commodities are still high, people are still suffering....

More disturbing is the fact that yhur president is still borrowing even with these figures!

Nothing good about it's , it's an 80 percent loss from what we used to earn 10 years ago

Under Tinubu govt make sure you convert any trillion dey tell you to dollars and see how much you are being misled ...if you check this is one of the worst performance if the FIRs is the last 15 years ... Going by this calculation the FIRS would be generating about 8.3 trillion Naira by the end of 2025 , if we juxtapose this figure against FIRS earning in 2014 which 4.6 trillion and the convert dollars to get the real value the results show that :

FIRS 2014 earning ----- 28 billion dollars

FIRS 2025 earning ---- 5.7 billion dollars

That's an 80 percent decline in FIRS revenue.


Use your brain and stop allowing these dull politicians to deceive you with these dusty figure

BarrElChapo:
One day Dangote refinery will be nationalised.

Nationalized for what ? The ones you nationalized before where are they ?

He thinks the phrase ' blood is thicker than water"came from thin air ? Most human phrases come from 1000s of years information

Nigeria still deceiving it'sself with this steel fantasy 😂😂😂😂😂😂

These are type of mop ups our T129s were specifically designed for ..just two of those choppers in the area and all the 150 bike men would all be mince meat .

This is why I feel the govt is deliberately refusing to fight these terrorists

Enugu that used to be one of the safest places on earth is now something else after 12 years of APC Presidents

Of the tables were turned around Cubana chief priest will not even be friends with Davido or take him for this kind of important meeting .... I know people like CP , very crafty social climbers

Teymanhenry:
I'm shocked by this your assumptions ooo 😂 how can you condemn the idea of LGA autonomy, and criticize building of coastal roads

Which coastal road ? I don't see any coastal road anywhere ..open your eyes ooo

Those sponsoring this media campaign against Naira time will fail , you people love to reap where you didn't sow ....After killing airtime lending in Glo in and 9mobile you have now set your eyes on MTN ..... Nobody is stopping anyone from lending airtime , but just know you will never be allowed to do it from inside MTN billing systems .

VAS2 NET and Interswitch implemented airtime lending solutions for Glo and 9 mobile , how did that go ?

Nothing APC can't kill

MT:
Let me educate you using baby language, Mr. High IQ .

1. China is not buying US bonds to stabilize Yuan.

2. China buys US bonds because:

1. They want to earn interest on the money invested

2. They want to be able to have strategic influence on the US economy. So, you ask, how. Let me explain. If China buys bond, let say at the foreign exchange rate of 1USD to 10 Yuans, and let us say they buy 10 bonds (let say 1US bonds is sold at 1USD). This means China will pay US 10dollars to be able to hold 10 US bonds (100 Yuans). Now, if US makes China angry, China can sell off some of their US bonds which will make US dollars to lose value (weaken US Dollars) and increasing the debt of the US. Though, in the process, China too will lose because the foreign exchange could now be 1USD to 15 Yuans - which means China will need more Yuans to get 1USD, all the economy of the world will be dragged down in the mess.

Summary: You should not have said China is buying US bonds because they want to stabilise Yuan, but rather one of the reasons China is buying US bond is to stabilize their Foreign exchange reserve (which is very different from what you typed in your post).

If it is still looking like a rocket science to you, please get in touch to be tutored, Mr 145 IQ .

US bonds are discounted they don't pay interest , you know nothing about bonds sef ...

Well let me school you , if you like don't learn and keep arguing. Below are the primary reasons the Chinese bid for US Bonds

1. To manage its currency (the yuan) and keep exports competitive

China sells massive amounts of goods to the U.S.
That brings in a flood of U.S. dollars.

If China just dumped those dollars into the open market, the yuan would rise (appreciate) — making Chinese goods more expensive abroad.
So instead, China buys U.S. Treasuries to:

Soak up excess dollars, and

Keep the yuan’s value lower — which helps sustain exports.





2. To safely store its foreign reserves

China holds over $3 trillion in foreign exchange reserves, mostly in U.S. dollars.
It needs a safe, liquid, and stable place to park that money — and nothing fits better than U.S. Treasuries.

Why?

They’re backed by the U.S. government so zero risk

There’s a huge market — easy to buy or sell anytime.

They earn steady interest.


So Treasuries act like China’s savings account for its national reserves.



3. To strengthen financial and geopolitical leverage

By holding a big chunk of U.S. debt, China gains soft influence over the U.S. economy.
It’s not direct control — but it gives China:

A seat at the table in global financial stability discussions.

A lever it can pull (or threaten to pull) if U.S.–China relations get tense.

A way to ensure mutual dependence — the U.S. needs China to keep buying debt, and China needs the U.S. to keep its markets open.

OlujobaSamuel:
But majority, close to 50% of such owned houses are on mortgage

You are right ,34 percent of homes have been completely paid for but at least a home that the mortgage is being serviced is considered owned

nairalanda1:
They are the folk who live under the bridges, live on the street, maybe sleep in someone's compound....or at bus stops at night.

Many Nigerian are not observant at all x😂😂..this something I have since known..in Kano there are over million homeless kids living right in the city

DeOTR:
You can as well tell us 150 million Nigerians are homeless since we're now counting home owners.

If it's home ownership about 150 million Nigerian don't have a house to their name ..I am referring to rental homes or any decent shelters ... Many Nigerians are homeless

At night in Lagos go to any church , mosque , park , market , shop fronts , under bridges, red light district , bustops , inside abandoned cars , even in Banana Island there are homeles people, last time I ran into a homeless community right inside Eko Atlantic under one of the abandoned bridge there , that place alone has over 500 home less people, God to most beaches at night in Lagos an see the sheer amount of homeless people there ..one thing I noticed about most Nigerians is that you guys are never observant

Mistersolar:
how many people own there home in UK...more home owners in naija dan UK

UK has a home deficit of 4.5 million homes and 65 percent of UK citizen own their own homes , this alone should tell you housing wise the UK is in afar better place than Nigeria

MT:
The issue you have is you rushed to any online resources, most of which are not credible as reference. Most of these sites contents were written by individuals like you, who have limited knowledge of the subject matter. Let me explain to you using a layman's language:

China has lot of inflow due to their active manufacturing base. Thus, instead for the excess cash to lie idle, they can afford to buy US bond which the US would be paying them interest on - in that way they are making more money from it.

Right now, China is dumping USD. If it is to maintain their reserves, will they be dumping US dollars. Due to the tarrif that Trump imposed, they are dumping the USD now in order to undermine the US dollars. Let me cite you a more credible source as my own reference, Mr. high IQ - https://www.reuters.com/world/china/chinas-central-bank-asks-state-lenders-reduce-dollar-purchases-sources-say-2025-04-09/

What is this one saying?

You said buying US bonds doesn't stabilize the Yuan and I countered you ..please what are you saying?

Saladdin:
This is very inaccurate, it's borderline fictitious. Homelessness is not an epidemic in Nigeria. No matter how bad things are, you'll still be able to squat with someone.

Majority of the homeless people you see are mostly mentally unstable people. In Nigeria, even beggars have homes!

You people are either not very observant or just love to live in denial ..in Lagos alone there are over a million homeless people , forget talk , go to any church mosque , under bridge , market , store front at night an see how many people sleep there , in Lekki phase 1 go to Providence Street at night and see the number of people living in their cars there , many corporate people ooo ...you people are not just observant

quadraheem:
Unfortunately, this is not true about Nigeria.
Where are the 4.5m people?
Very inaccurate figures

Lagos alone has about a million homeless people , Kano over a million , PH over 500 thousand.. this 4.5m is even understated ...

Nigeria has a housing deficit of 30 million houses and only 25 percent of people own any building.... Look into your family members and tell me what percentage own their own homes

U09ce:
I don't belive these stats

Then you are not a realistic person..I am sure you still think your dad was a rich man 😂😂😂

I just knew Tinubus God forsaken Nigeria must be inside

MT:
Chinese bought US bonds to stabilize their local currency? How? Do you even know what bond means?

Tinubu (Nigeria) is owing more than Tinubu? How?

My IQ is confirmed to be above 145 , I personally I thinks it's more .... Usually I don't exchange talk with anyone with an IQ below 100 because it's a waste of time but I will give this exception today .

Please see attached

Softmirror:
Na levels if she-he was Donald Trump she will get away with it and even become President of the United States of America sef and start acting ALL SELF RIGHTEOUS.

Where did Trump sexually abuse any boy ?

The person that allowed a tranny to be driving school bus needs to be arrested