onatisi: The mistake you are making is that you still don't know or understand the man called buhari. Well by 2017,you will realize what I have been saying about this man. Even many of his ministers are now regretting accepting his jobs and appointments
onatisi: There is no magic that can make a round peg fix squarely well in square hole. When the foundation is faulty there is nothing the righteous can do .Nigeria has blood sucking vampires as leader and they expect progress Until the right ppl get into power there wont be progress in that country. The problem with Nigeria is foundational and until the foundational problem is resolved the nation will keep moving in circles or backwards. The nation first needs to be restructured to have true federalism and that is something that will take donkey years to fulfil.then the political system needs to be changed,it is that system that produces the likes of buhari,tinibu ,obj and olabode George as political leaders,a faulty political system will always produce faulty crooked political leadership. Then lasly is the mind set of Nigerian ,actually this particular one will take generations to change so there is no point elaborating on it. No wonder woke soyinka said on BBC during Abacha time that the damage the political system has done to the Nigerian psyche and society will take generations and not decades to rectify
kahal29: See my brother "my people" will find a way to bring it in and people will even pay double to buy them. It's a psychological thing and until that orientation is changed we are going nowhere. Am also part of the problem cause I also default in some areas (ie taste for foreign made goods). Take the case of imported leather seat's.... This things are produced here and with 200k and above you can get a good one but you see our people complaining about the finishing, saying the sowing its not good, its not neat and the rest of them and prefer to buy a those foreign made ones that cost as much1.5 and 2.8 million thereby exporting jobs to those countries that produce them and in turn importing Unemployment and exchange rate crises into our country. However if we patronise these locally produced ones with time they will improve on the sowing and finishing and also their market size, sales and revenue base will also increase leading to more jobs and even exporting to those other countries we were previously importing from.
I absolutely agree with your argument of patronizing locally made goods. Thank you.
onatisi: The plan is already on. Have i predicted one thing about this government and missed ? [b]Read through all my predictions about buhari even before he won the elections [/b]and after .Just wait and see . You will later realize how right I was .
We all predicted one thing or the other, don't you think is time we start predicting and prophesying good things for our Jerusalem, not minding the gathering of the vultures called APC ?
kolnel: It's just for the mean time I don't know about the parallel rate cos I don't need it and so lots of others Lots of companies are moving here to naija already Virony is building in Ogun state right now because lots of potentials for them here We can't keep importing everything from hdf boards to toothpick and expect our economy to grow
kahal29: Those are the ones who actually need the dollars to import raw materials and other capital goods for further production but the problem we have at hand is that too many people are demanding for the dollars to import rubbish (toothpick, foreign nails/hairs, palm oil etc) into this country thereby mounting pressure on the exchange rate because the demand for forex exceeds its supply making the price to go up. Supply cannot meet the demand for forex because of our mono product economy. We only export oil and nothing more
Don't you think the government should further apply some forms of import restrictions on the FX excluded 41 items ? Maybe increase the import duty to 69.4% to further discourage its import?
raker300: what's my business? Am I the one that voted in the nepa bill certificate holder?
Even his followers can't even call him on this yet you want people to pray for nigeria?..heaven helps those that help themselves
As far as anambra, Enugu, Abia, ebonyi are doing well, I am fine...Nothing concerns me with nigerians.
My brother, how can those mentioned states do well in the face of national economic recession?
Maybe you don't know, your brothers importing spare parts are not finding it funny at all, likewise all manufacturing industries who could not yet source their raw material locally.
I agree you and I did not support the 'NEPA bill certificate holder', but for the sake of our dear country, let us come to reason together on the way forward and offer constructive criticism in this aspect.
austin2all: Where are the change charters! Incase you must know, there's yet no clear cut policy or action in place to reverse this soon, so that means we are in for shit ride, for a verrrry long time. No one can import again. Those who used to import 20 containers a week can't even proudly import 2 and soon 0. Soon crime and lawlessness go increase. Wetin kwonsen me! https://www.sherv.net/cm/emo/smoke/smileys-passing-joint.gif
The state of anarchy to be seen would be unprecedented in the history of Niger Are called Nigeria.
The earlier this government take the bull by the horns, the better for Nigeria and Nigerians.
It's not yet serious nah...When it gets to #1000=1$ that's only when take it serious
Nigerians always take things serious when it gets bad. Boko haram, indebtedness etc these are things that would have been avoided. Now we're going after igbos, Niger Deltans, middle-beltans etc
A lot of Nigerians might die of hunger due to job loss and inability to meet basic human needs, Nigeria might become a failed state, the current suffering in the land would increase in ratio and dimension, we need to pray for Nigeria.
Naira Falls To N345/$ In Parallel Market - Vanguard
Naira plunges to record low of 345/dollar - Punch
By Babajide Komolafe
LAGOS — The naira, yesterday, suffered its biggest daily depreciation against the dollar as it exchanged for N345 to a dollar in the parallel market.
This represents N20 depreciation when compared with the closing exchange rate of N325 per dollar in the market on Friday. But the naira was relatively stable at the official interbank foreign exchange market as the interbank rate stood at N197.47 per dollar at the close of business, yesterday.
The naira also depreciated by N45 against the British pound as the parallel market exchange rate rose to N485 per pound, yesterday, from N340 on Friday. Bureaux de Change sources, who confirmed the development to Vanguard, attributed the sharp depreciation to persistent scarcity of the dollar and pound sterling in the market.
According to an Abuja-based BDC operator, who spoke on condition of anonymity, “the market is experiencing huge demand for dollars but there is no supply. Even those who have dollars are not willing to sell. The way things are going, the rate might reach N350 per dollar before it stabilises.” This development widened the gap between the interbank rate and the parallel market rate to N147.53 per dollar from N127.53 per dollar last week.
The naira has been on steady decline since January 12, 2016, when the Central Bank of Nigeria, CBN, stopped weekly dollar sale to BDCs. Prior to this action, the naira traded at N265 per dollar in the parallel market. Consequently, the naira has depreciated by N80 in the parallel market since the CBN took the action.
The steady depreciation was also aggravated by inability of the CBN to meet foreign exchange demand. Vanguard investigations reveal that the parallel market is being bedevilled by demand for foreign exchange from importers of the 41 items excluded from the official market by CBN last year as well as importers of items not excluded from the official market.
sarutobie: The way figures are being thrown around in this country. So he gave Adams half of the money purportedly siphoned by the entire NNPC organization? Really? There's an epidemic brain drain going on in this country I swear it!
Caseless: As much as I find so many things wrong with the budget, I still can't see the Senate toying with it. We have saraki's head on our plate at the CCT; he won't even dare.
"You find so many things wrong with the budget of fraud" and still want it to be passed Incredible...
This government has not invested a kobo in building new power plant, hence, they should save us the story of increase and decrease in power generation.
thunderrider: The man was recently promoted to Deputy Governor
Well, I am not aware of Fatai's recent promotion to Deputy Governor, thou on paper he is the governor but in reality and practice, Bukola Saraki is the original and real governor of Kwara State, Commissioner Fatai Ahmed is informing his 'Oga looter' when allocation arrive from Abuja.
tomakint: My brother I dey Kwara at the moment ooto lo so ore mi, ko da ilu Kwara was ni igbekun....o se ni laanu pupo Saraki ti je gbese. [b]Commissioner Fatai is [/b]even tired
Commissioner Fatai is a partner in crime, One day would be One day, he will surely be called to answer for his many crime in that state, beginning from the co-looted Societe-Generale Bank to Trade Bank, to his time as Commissioner of Finance under Bukola and his 8 years rule as Commissioner of Information (A toothless Governor).
But I now thought deeper & realised saraki is one of the people that hung PDP out to dry leading up to 2015 & we know the result of that uprising.. so your opinion is most likely predicated on beef!
CHANGE your thinking, my position on Saraki remains the same, since time immemorial.
I hate anything dictator, I hate Bukola, Tinubu and anyone who Lord themselves over others without due process, I hate godfathers, I hate those who take advantage of other and enslave them, I hate those who are biased, those who paint black white like Alhaji Lai Mohammed.
My position on Saraki has not CHANGE, Tinubu is even a better looter that the useless criminal called Bukola, atleast Tinubu invested his loot in Nigeria.
Until we see this looters as our common criminal irrespective of the party, no way forward for Nigeria.
waikiki: since his administration seized power everything has just been upside down. all they have been doing is witch hunt members of past administration(pdp) and putting people in jail but not one economy boosting initiative has been undertaken by the buhari administration.
Our sources revealed that Saraki told Osibanjo in plain term that the budget will never be passed by the Red Chambers unless the presidency is ready to accept his condition.
FAKE NEWS!
Who born monkey to threaten Nigeria ?
Bukola Saraki should return all the loot in his custody so that Commissioner Abdul Fatai Ahmed can pay Kwara State workers their 6 Months salary arrears.
Alagba Firefire, e ku ise takuntakun ti e nse fun wipe ki orile ede Nigeria wa le ba dara fun gbogbo wa. Ki Oba Oluwa o je ki ise owo wa ran orile ede wa lowo lati goke agba- Amin Ase.
Ema se pupo fun ikini yin, Omo Iya, ki Oluwa gba Naijeria lowo awon Ijoba amunisin ati lowo awon oloselu jegudujera, wobia, aloki-olohun kigbe, jaguda pali.
Ijoba to wa lode yi, ki se Ijoba Alafia rara, iro ati agaba un gebe ti poju.