₦airaland Forum

Bigkoko:
It's a Rwandan Company partly owned by a Nigerian.

Lagos experience is bust & Bustle.
Kigali experience is calm, slow & steady.

CoronaVirusRelo:
His Excellence, President Bola Ahmed Tinubu making great moves

Kudos!

Agricmoney:
cool



Anyway, Agriculture is life.

ibinaboonline:
Yes, they said so. But they should also cease dispensing the old notes on same date to expedite a speedy evacuation of the old bills. I just don't get the sense in loading the ATM with the old notes being phased out until the final deadline.

Tonytonex:
this is a very good move. beautiful. I just hope the stand-their-ground.

Just40:
That's just a lie from Isaac as he tries to play politics because in the October window, the BOG received fresh 2 billion dollars inflow and every importer was able to access as much funds as they need.
The importers association is a strong pressure group that will come out to say whatever their challenge was and in October, their only challenge was for govt to stabilize the forex rate on duties at the port.

You don't have to lie to make Kenya look good kiddo... Ship call at Tema Harbour has only gone up since June.

In Kenya, there's forex shortage and your importers can't find forex to import.. leading to import dry up which led to fuel shortages and grain shortages so you think she must be happening here.

socialmediaman:
We have a dictator masquerading as a democrat!

Funsho Williams was poised to win the 2007 Lagos governorship election, he was murdered!

EndSars protesters were protesting about police brutality, someone gave an order for them to be shot at and murdered!

Your vote is your power to protect your democratic rights. Emancipate yourself from dictatorship!

Calabar1stSon:
Agreed! He’d be remembered for, as the undisputed failure ever in the history of mankind.

JoshTim:
Well, cost-benefit analysis consideration,

What are the costs: Foreign currencies are pressurized. Naira is depreciated. The direct bearing is worsening exchange rate while the indirect bearing is minimal.

We can only rely on policies of CBN in the short term to resolve the currency problem. The key solution is real sector/product significant development which is sort of long term.

Benefit: proceeds of crimes[if the banking sector is tightened and adherence to Anti money laundering act], will be rendered useless. This means more naira[excess liquidity] is flushed out. The direct indirect bearing is significant.

Now, let us try to imagine/quantify cost-benefit analysis of this policy. I will say, the benefit outweighs the cost.

rvp20182:
How are people able to repay those loans with crazy interest rates of 25-30% (annualized).

QueenNyakim:
He was warned about this by the World Bank and IMF for years to stop recklessly borrowing or that Ghana would become one of the worst high indebted countries. He along with Bawumia decided not to listen and look where Ghana is today, near to the brink of defaulting.

I know one thing for sure, I'm not voting for the NPP or NDC in 2024. I just hope a third alternative party appears in 2023 that doesn't have their heads up their own asses.

QueenNyakim:
If I'm correct or remembering right, Akuffo-Addo appointed 46 people aka family members in his government. Ken Ofori-Atta is also one of them being his cousin thats also the finance minister and that also happens to be a thief. Giving his family cabinet and senior government roles who are obviously unqualified instead of giving people positions based on their merit or preformance.

Its the same thing we saw happen in Sri Lanka and look how well that turned out. Future governments of Ghana should learn from this.

But its a pretty good sign that you might just be a corrupt bastard as well. Please resign Nana Akufo and take all your family members with you.

Mkenya2019:
It was huge gamble -6 - 8- 12 billion dollars - then 18 billion dollars before even operation- but he has pocketed Abuja. Unless Peter Obi is elected; he will likely get Nigeria gov to loan him money; maybe he will sell another 20% to NPP. Anyway I thought he had raised half the money required to finish the plant. But with problems even in Kogi state...the salt merchant fraud may coming to an ignominious end.

His best bet remain Nigeria is a zoo - and will buy his plant - he just need to bribe enough people in Abuja. They already oversold the refinery as panacea to many problems facing Nigeria. It should be easy to sell the public why Nigeria gov need to spend 10 billion dollars of hard oil currency on this. Russia took about 10 billions to build the rusted steel plant....in Ajekouta (sp)...Indians can as well carry 25 billions to build a refinery.

In the meantime for average nigerian - everything is a broken - roads, schools, electricity, water - it like Somalia - you have money - do it for yourself - you dont - God help you. Thankfully it rains and people can forage & eke a living.

lexy2014:
Pls try again:

1. Why are Nigerians are abandoning Nigerian ports and using Togo ports?

2. If they are abandoning Nigerian ports in favour of Togo ports, what are the benefits to Nigeria when Burkinafaso, Mali, and Niger use Nigerian ports for their imports and exports?

lexy2014:
You haven't answered the questions. Why are Nigerians are abandoning Nigerian ports and using Togo ports? If they are abandoning Nigerian ports in favour of Togo ports, what are the benefits to Nigeria when Burkinafaso, Mali, and Niger use Nigerian ports for their imports and exports?

lexy2014:
How would I know? You are the expert. Are you saying you can't answer these questions based on your assertions about Togo?

So Nigerians are abandoning Nigerian ports and using Togo ports? Why is that? If they are abandoning Nigerian ports in favour of Togo ports, what are the benefits to Nigeria when Burkinafaso, Mali, and Niger use Nigerian ports for their imports and exports?

lexy2014:
So Nigerians are abandoning Nigerian ports and using Togo ports? Why is that? If they are abandoning Nigerian ports in favour of Togo ports, what are the benefits to Nigeria when Burkinafaso, Mali, and Niger use Nigerian ports for their imports and exports?

lexy2014:
I didnt ask you "why". I asked "what"... what are the benefits to Nigeria when Burkinafaso, Mali, and Niger use Nigerian ports for their imports and exports?

by the way, are you saying that this comment is silly: "Kano to Maradi is important. Burkinafaso, Mali, and Niger Republic are all landlocked and would have the new Lekki port as one of their biggest options. So those goods would go from Maradi Niger Republic to Kano and then from Kano to Lagos with the Lagos to Kano rail connection."

lexy2014:
you still havent answered the question. what are the benefits to Nigeria when Burkinafaso, Mali, and Niger use Nigerian ports for their imports and exports?

lexy2014:
I should be asking you. you are the expert. what are the benefits to Nigeria when Burkinafaso, Mali, and Niger use Nigerian ports for their imports and exports?

lexy2014:
good. then you shouldnt have any issues answering the question: what are the benefits to Nigeria when Burkinafaso, Mali, and Niger use Nigerian ports for their imports and exports?

lexy2014:
so you made all this noise: "Kano to Maradi is important. Burkinafaso, Mali, and Niger Republic are all landlocked and would have the new Lekki port as one of their biggest options. So those goods would go from Maradi Niger Republic to Kano and then from Kano to Lagos with the Lagos to Kano rail connection."

and yet you cant justify or tell us the benefit that will accrue to nigeria and nigerians?

lexy2014:
arent you the expert? you mean that you don't know how it benefits Nigeria when Burkinafaso, Mali, and Niger use Nigerian ports for their imports and exports?

lexy2014:
So you don't know how it benefits Nigeria when Burkinafaso, Mali, and Niger use Nigerian ports for their imports and exports?

lexy2014:
since you know, why cant you answer the simple question? what will that do for nigeria?

piyoo91:
Kano to maradi? Maradi is in Niger republic, i stand to be corrected if i dnt understand where maradi is situated