₦airaland Forum

leathalbeast:
to be honest my Ghanaian girls have been rising steadily since they started rebuilding but Zambia is up there the world cup itself is a great exposure for them the black queen hadn't played against such a good side in a long so they were exposed a lot in the first half but they came good in the second. They had three clear cut chances to equalize but luck wasn't on their side. Zambia has the advantage in the second leg but the Ghanaian coach who is very good knows what is against now. Anything can happen. The Ghanaian team on a good day can also play counter attacking football but the honest truth is that Zambia has great finishers

I have been saying it for long that the new coach needs that vital test. Before now, the best African side they played was Senegal which is just an average team in Africa.

The second leg is going to be tougher for them because as you acknowledged, Zambia has great finishers, so if they play attacking football at home in Lusaka (which they would definitely do), trust Zambia to take at least one or two of those chances.

So that skillful freya on Instagram was just running around the pitch? Time to show all those Instagram skills and accurate shots now, she was nowhere to be found 😄😂.

Kudos to Kundinaji of Zambia. She ran the show as expected.

joxxy01:
what kind of shameless and wucked referee is this... we should use ref against them too lets see something.

The second goal by Esther was not offside.

I said this days ago.

Deltamani:
🚨𝐏𝐇𝐎𝐓𝐎𝐒🚨
Cameroon’s Indomitable Lionesses are gearing up to go today against arch-rivals Super Falcons..

The team had their final practice-session at La Réunification Stadium yesterday evening, with the invited 23 players all on ground.

But Cameroon is no arch rival to the falcons judging by records alone. It is even debatable to say South Africa is a rival or maybe I'm missing something.

Deltamani:
🙌🏾Match day in Accra 🙌🏾

📍 🇬🇭 v 🇿🇲

🗒️: Friday February 23

🏟️: Accra Sports Stadium

⏱️: 5:00pm

🔛BlackQueens ✨🇬🇭

The truth is I really want Ghana to win cause the Mouth Making of Zambia is just too much.. Anyhow Anyhow, Ghana shouldn’t fall my hand and the whole of West Africa..

Both sides dey make mouth wella so I don't even care.

Validated:
So na this failure and liar them see to send?
For the very fact that Gov. Abiodun is the one announcing this, I am not perturbed because it is is sure that $ will never come down

The question is: Why should you be perturbed in the first place that dollar would crash?

[quote author=babaijesha post=128591576][/quote]This thing simple. When more people buy local rice at 50k, those selling rice at 85k would have no choice but to crash their prices.

EdiskyHarry:
Nigeria is a failed nation, it's really sad where we found ourselves now. Today it's 76k in Akwa ibom

Why are things always twice expensive in the SS and SE?

This.

lovewins:
Sometimes it's better to ignore arguments that lack foundation. In what world is the basis for the comparison? Right now there's none.

However, I'm glad Esther has signed a professional contract with a Spanish team just like JOE did a few weeks ago. We now have at the very least common ground for comparing both players. We'll come back to this in a few months to see.

Maybe in dribbling yes. Esther is a better dribbler and that's all the average Nigerian fan sees.
But even Jay Jay Okocha added other things to his game such as free kicks, shots on target, passing, etc.
Echiegini for now is better but Esther needed exposure and she has it now.

mightyhazel:
But obi won't waste the scarce forex on frivolous France and Asian trips with entourages

He won't approve 160m each for lawmaker's SUVs

Him body language alone won't let anybody suggest any presidential yacht around him

No 500m just for a committee to sit

The lists are endless

Is it the president that approves a senate budget?

forgiveness:
They will deny he ever said so.

If you check the video now, you would see he made it clear all of it would go immediately. He made it clear the 7 trillion naira it would have taken in the budget would not be used. But Obidients keep telling us he would have removed it slowly 😂😄

ProblemChild1:
Look at this Ezi. South East is very peaceful you mugu. In South East I can walk freely and sleep with my two eyes close. Can you say the same in North and south west where they kidnapped people anyhow and kill people anyhow. Oga shut up.

Yeah you are right. South East is very peaceful now than it was a few years ago. I think the new South Eastern state Governors are more active than their predecessors. They act, they don't just lament waiting on Federal Government.

Ayo25:
That is what he promised oga. Go check very well. He promised to reduce purchasing power and slow down the economy. What that ultimately means is what you should go figure out. He mentioned all that and we that voted him did so based on that

Did you watch that video yourself or just the 2 seconds clip?

Princedapace:
Omo, Nigerians o. I just read ur context, I will never assist any one who ask me for money again, obviously, Nigerians are never ready.

What are you feeling like? Shey na only you dey assist people before?

Gajagojo:
That is an assumption

So why is the price of diesel 1300 and the price of PMS 600?

Gajagojo:
Whether or not the increase of petrol price by 200% in a single day is a global.first is not relevant to the post you quoted or the issue under discussion so the highlight in red is just childish theatrics
However it IS NOT TRUE
There have been worse shocks in Zimbabwe and across the world in 1973 following the You Kippur war
However it is NOT RELEVANT

You call it corruption not subsidy that is a pedantic argument
Others may call it incompetent. Whatever the case that is irrlevant
We are not able to pay for subsidy. We cannot afford it. Even if there was no corruption we still have not got money for it. So again that is an academic point . We would have to borrow to pay any subsidy even if it was operated by angels. No one will lend us money for that now.

But Govt has circled back to paying subsidy though due to the exchange rate difference from that time.

DeepSight:
It is a pity tht a day has come when we can possibly miss one of the worst and most illiterate presidents in the history of the world.
But here we are.

We have been gifted with a thoughtless insensitive demon straight from hell who is an errand boy for the IMF.

You didn't answer the question.

DeepSight:
Cart before horse. Remove subsidy gradually but make sure local refineries work fully first so you don't import petrol tied to the dollar. Float the naira if you must but make sure your are a net exporter first. Floatation of any local currency by an import dependent economy is suicide.

Besides, believe you me, even first world economies take measures to defend their currency. If you abandon your currency to the vagaries of the wind when you produce nothing, you are beyond daft. You are suicidal.

Cart before the horse. That's what's going on, and that's what you are championing. Tail wagging the dog. Upside down logic.

So when Buhari refused floatation simply because of this same cart before the horse reason, why was he criticized by Obi and most of the analysts in 2022 where they said floatation is the only way? Don't you think Buhari was also waiting for the revamp of refineries and coming on of Dangote refinery?

ghiloman28:
Yes I am. If the 3 too contestant contest again I will choose BAT again. My preferred candidate is sowore

Exactly my situation. BAT is the Obvious choice out of the three except they bring in other candidates.

Image123:
Lolz. Only an ignoramus will not expect the current economic quagmire anytime that the subsidy on fuel and forex was to be removed. Tinubu has my respect, he stuck to his words and promises. Buhari said "what is subsidy?" before his election, just like Obi and Atiku. But he backed out and left the mess for his successor.

Tinubu is doing exactly what he promised he would do in that interview at Chattam House. People weren't just listening then.

Iamblessed85:
I keep saying this. For about a year now, i’ve not come across a dollar note in this country. I don’t have to and I don’t need it. I have been spending in naira. Who are those spending this dollar apart from importers?

Politicians. Your Governors with high FAAC allocations.

Nice2023:
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If u are smart and not a tribalist,u would know that I don't blab.

First of all argue against the newspaper one.

ThenGoogle out 11th Bola tinubu colloquium.

Then,u will see that stubbornness is the reason why u guys are serial tribalists.

I have watched the video and he didn't say that.

Nice2023:


I am not a foolish follower,the video are all there to see. He said and I quote,we will reduce the purchasing power of the people,and we can further slow down the economy and let us widen the tax net so and if its inclusive of Bola Tinubu and we shall take bigger and bigger taxes.

Culled from 11th Bola Tinubu colloquium.
Below is where he he said he does not believe in Nigeria.


In economics,when u reduce the purchasing power of the peoppe,what does it mean?

In the same economics,if u widen the tax net especially in a country that pays the lowest wage on the continent of Africa and the world at large,it means more poverty,hence the problem we are currently at now.

And to crown it all,coming from a man who told us in 1999 that he does not believe in Nigeria.

Oti kpari.

He didn't say that. Post the full video with your full chest if you get mind.
You crop 2 seconds of a video and come out with your own theories.

Nice2023:
U don't know what moving from consumption to productions means, that is why u will keep hating Obi.

How can u vote for a man who said he never believed in Nigeria?

A man who said,he will ensure he shrink the purchasing power of the people, and he never stopped there.

He equally promised that,he would widen the tax net to further impoverish the People.

Here u are comparing Obi with Atiku.

The bolded are just lies. You can criticize without pushing propaganda.

onatisi:
atiku has been presenting credible economic plans for the nation for the past 15 years, but the fake stories obj peddled about him won't even allow people to hear him out or listen to him,
when he made mention of selling the refineries, many people APC started shouting that Atiku is a thief, balabu. Now Tinubu has spent about 3b repairing the refineries and they are still not working, now fg is contemplating selling the refineries, what a waste of public funds.

If you don't repair the refineries, how do you get good price for them when you want to sell them?

APOPTOSIS:
I'm highly elated he floated it.
He should Float more.
Sometimes, some things are just blessing in disguise waiting to be tapped. He's fast creating more Billionaires

How??

This is IMF's recent review on Nigeria.

vaxx:
Defaulting issues has to do with the depreciation of the local currency against the dollar and that is linked to the country's high indebtedness. Same issues with Nigeria.

You see , Ghana was owing big , hence, the international capital market was closed to the government, the country didn't have foreign exchange to keep the exchange rate low. This caused in high inflation back then Ghana. We have no option than to join the imf again.


That is the only prudent means for a long time solution, we already enter into gold for oil swap deal with UAE, the imf suggest we abolished the practice

Most developed countries debt doubled and even tripled but due to the external factors like the covid 19 and Russia/ukraine war but they did not have the level of inflation Ghana had so they didn't default paying up their debt . Country that trapped into the mess also end up defaulting, zambia and ethiopia care case study . So Nigeria case might not be exceptional , your debt has doubled up , your inflation has step up further . Infact the scenario is just similar like Ghana.


Nigeria actually need imf support

But IMF recently expressed confidence in Nigeria's ability to pay her debts.

The activities of governments after the disbursement of money by the Federation Account Allocation Committee (FAAC) contributed to the depreciation of the naira, according to data and interviews with people familiar with the matter.

BusinessDay learnt that portions of the funds from FAAC were often changed to dollars by some governments at the parallel market, putting more pressure on the naira.

An analysis shows that from July 2023 to January 2024, the naira depreciated in six months immediately in the black market after the FAAC shared money to the federal, state and local governments.

“With the removal of fuel subsidy, more volumes of naira are being shared by the federal, state and local governments and some of these monies are changed to dollars at the parallel market,” Jude Idimogu, chieftain of the All Progressives Congress (APC), said in an interview with BusinessDay.

“A week to when they want to share money, note the price of the dollar at that time and after collection, you will see that it will increase because they would have more naira and they would use it to buy dollars. We Nigerians are not helping the system,” he added.

The liberalisation of the foreign exchange market by the Central Bank of Nigeria since last June has led to a large depreciation of the naira, which has also increased revenue for Africa’s biggest economy.

Experts say there is a strong correlation between the depreciation of the naira and demand for dollars after FAAC disbursements.

“There is a correlation between the release of FAAC allocation and the depreciation in the exchange rate, especially in the parallel market. That is why we need to be very cautious about this rate unification theory,” Muda Yusuf, chief executive officer of the Centre for Promotion of Private Enterprises (CPPE), said.

Source: BUSINESS DAY NIGERIA.

theenchanter:
u're very correct sir. but the salient question remains.... Why should demand for dollar be high in Nigeria? We don't spend dollar and only few people engage in import and export. So why the cause?

Check this out.