₦airaland Forum

There is this thing call LOVE that has overcome the most powerful men and women. It is not a physical chain, gun or anesthesia but so strong, even the strongest minds have been mesmerized.

Religious opium, war and slavery have never captured so many.

Be watchful and careful. You cannot always be on alert.

Folks, this is 2024!

The same money could have been used to increase or initiate local production like TRYTOR one Nigerian adapted and was useful for both small and big farmers.

Even some DEER company "experts" could have been brought in for loca production.

Every wise country includes local production in any big contract. Nigerians know better since Carter Bridge, Eko Bridge etc were built, we still have no trained engineers in the league of world class engineering companies.

Haba! Why do we do this to ourselves in 2024?

As long as Africans keep on worshipping the American dollar, praying for foreign investors to come and exploit their talents, resources and refuse to trade with one another as they do with their colonial masters that control the lionshare of trade in finished goods; Africans' minds will never be free from slavery.

So you can only come up with Western Union and Moneygram. I could have helped you with more.

Not only are these companies well regulated and controlled inside and outside their countries, they are subjected to heavy fines. Indeed, they supply or report your information to Government. It is why people like you avoid them.

Can you compare them to mushrooms one man businesses used for roundtripping in Nigeria? You must be one of the people that must be investigated before Naira can appreciate.

Burob:
How many western union, or monegram exchanges dey The UK?

Don’t know why you things just like wailing over much ado about nothing, always complaining as if you are not Nigerian, & part of the system?

Go Accra, if you done tire for Nigeria, na free entry.

A loophole created by each Administration to recruit for its own new appointed managers.

Dollars will continue to fall when every big man at the Central Bank has his own Bureau Du Change operators for round tripping.

Every corner has Bureau Du Change operator that has direct connections to Central Bank manager or director that know how to beat the system.

Too many dollar to naira changers, many of which are subcontractors with no stable address, business or known regulated hands operate Dollars like a business.

Regulate and allow banks to employ more workers for this major part of the economy so that dollar allocation can be as transparent as possible.

This is what happens when you sell your souls for profit in neighboring countries. Somali would pity and feed you because you don't care for you own people.

Zero conscience and pursuit of money at any cost, even for yourselves as body parts sellers.

Respect Ma.

I was wondering about her children too. But Femi maybe too young to be her son. I may be wrong.

Exousiang01:
No be Femi mama be that?

It is true that whites outside Africa encourage and fuel white companies inside Africa mainly for Slave labor. They do the same inside Black African countries for cheap natural resources also.

If you want to blame Black Africans for selling out in return for pittance like foreign currencies, do so.

But you should know the reason South Africa had Nuclear Power and now without. This is the reason for the white South African privileged Edge.

Whites have no magic wand for economic success otherwise they would not be using brutal survival of the fittest nuclear barbaric Power to maintain Economic Power.

Is it only politicians that take money out? Why do you think black market is booming if not for importer of pins, pencils, chalk, waste from high seas, used clothes and electronics.

All the dollars and Euros sent by Nigerian working two three jobs, students working full time are exchanged at the black market.

Monkey dey work bamboo dey chop.

BitterTruth01:
You mean politicians ?
Or …

How did you know if you did not read your image there?

frankyychiji:
Burma

If I read that trash make I bend.

Omoaresa1
https://www.thenigerianvoice.com/news/331512/tinubu-the-poor-catch-dollar-fever-without-foreign-taste-or.html

TINUBU: THE POOR CATCH DOLLAR FEVER WITHOUT FOREIGN TASTE OR MONEY

The poor cannot afford foreign food, wear foreign designer clothes or use foreign goods and services, yet foreign enablers rope them in one way or the other as the victims of Naira devaluation against the almighty dollar. The working class jobs are also threatened unless they get allocation to import raw materials. How did importers of junks turn the dollar into local currency for basic needs?

The continual fall of the naira has taken a new turn since the advent of the duly new elected government that cannot put a stop to it. Protests have grown louder, even among those that have never protested before now. It has taken on a new spirit as the continuation of the last campaign. But just as Americans complain and protest against the price of gas (petrol), which is cheaper there than other Western countries, so can Nigerians on cheaper goods at home.

The fact that Nigeria remains one of the cheapest places to buy food and do business with cheap labor is besides the point right now. What is true is that Nigerian businesses smuggle cheaper food, petroleum and other goods to neighboring countries. Sell them at higher prices without paying taxes in both countries. These saboteurs come back home and fund protests to undermine the man that outsmart them and defeat them at the polls.

Regardless of the right to shout and cry of hunger, there are saboteurs at work doing everything they can to encourage chaos. They hate the same Tinubu they conspired with to overthrow the only lady Speaker, Olubunmi Etteh, so much. They are now willing to pave the way for the Military Takeover. We had military governments. Experience demonstrated that they are more corrupt and worse than civilian governments. They retire into civilian clothes as Presidents.

This Tinubu Government never had a honeymoon period for a day. Everything, justifiably or not, has been blamed on him, not only by his opponents but by those that voted for him in the last Election. It has always been a matter of time before the last straw breaks the camel's back. Many people always look for the opportune time and place to cry out for revolt as long as their kin is not the President.

President Tinubu, who won clean and fair, comes from an ethnic group that have always been known as protesters against any or their own leaders when it comes to Injustice. This is unlike other ethnic groups in the Country when their own sons were in Power. Indeed, Tinubu was a member of NADECO that protested against Abacha, the brutal army dictator, to a standstill. Every dog has its day for accountability.

After Abacha, Tinubu took on President Obasanjo, by creating more local government in one of the most populous states. Obasanjo suspended Lagos State Allocation for many months. Yet, Lagos State survived. What was noteworthy about this was that both Tinubu and Obasanjo belong to the same ethnic group. Apart from Aminu Kanu, we've never seen this within the same ethnic group in Nigeria because they always follow their Presidents.

Nevertheless, Yoruba do not shield their reservation about Tinubu's character. This was the reason he lost both his home and adopted states in the Presidential Election. Honest Nigerians realize none of the three Presidential candidates in the last Election deserve to lead a country but only Yoruba would vote and say that about Tinubu. The other ethnic groups supported their own blemished Presidential candidates.

Tinubu removed subsidies from refined petrol and byproducts imported to resurrect local refineries that lay idle. This has generated mixed reactions, even from the poor that do not drive but depend on private and public transportation. The working class at checkpoints pay private taxes to Agbero, Police or Army. As the dollar appreciates against naira, these collectors adjust 20 naira to 200, more depending on the locations. Anything less than 500 naira is frowned on.

So, why are those Yoruba who had their reservations about Tinubu supporting him now? The hypocrisy of supporters of Atiku and Obi stinks to high heavens. While they all campaigned on removal of Petrol Subsidy, they are against Tinubu for doing exactly what they all campaigned on. Oh, they could have done it differently. Just to generate more hatred for Tinubu.

Tinubu and all the Presidents that came before him are all wrong on the Devaluation or floating of the Naira. No developing country has recovered from floating their currencies or Devaluations. It got worse from the intentional imposition of Structural Adjustments. A country like China only devalues its currency because it has diverse abundant goods and services to export. Nigeria has no diversified exports like China.

Export first, import later to balance up. It is suicidal to devalue or float the naira when we do not have diversity of finished products to export. Yet, Nigerians import garbage from the high seas, import used goods like electronics and clothing. They do this against their country's self-interest because, unlike any other country in the world, we liberalized the local market after the surge of Oil Income during the Arab Oil Embargo of the 70s.

We got away with it until the early 80s because we had had restricted selective imports with a total ban on foreign currencies as local tender. The result of the forced discipline with criminal penalties as a deterrent resulted in a strong Nigerian pound that was equal to the British pound and naira that was one and a half US dollars. Ironically, it is the importers of junks and exporters of little that are crying the loudest about the high cost of the dollars they created.

Since when has Nigeria become the importer of raw materials in order to be an exporter of finished goods? Every foreign manufacturer of finished goods imports their raw materials from Africa. They sell finished goods at ten or more times than the prices they pay for African raw materials. So we wonder what finished goods these African manufacturers export from the raw materials they claim are needed into the country?

As some pray that when they come back to this world, they want to be Nigerian, some Nigerians claimed their country is a zoo or shithole before other foreigners tagged on and echoed them! Yet, every foreign country thinks Nigeria is the place to make a great deal of money, as long as you can hold your nose. Nigerians are known to export what we do not have or print like US dollars and import what we have like petroleum.

Source:

I guess you know yourselves.

Guilty like hell!

Until African countries, Nigeria especially must learn from Zimbabwean dollar, we will never get out of our addiction to any foreign import, used, new or junk.

Nigerian importers unlike any country overseas think they are entitled to imports even if it is killing the country.

Importers of junks and foreign school fees that does not benefit the country are proponents of the slow poison.

Where do you get the money you take out of Nigeria?

It is either from black market or if you are privileged, from Central Bank.

Even the foreign school fees you pay, scholarships and loans, how do they benefit Nigeria?

You are the African enablers and parasites.

Good gesture. It will not prevent Japajantis.

What about nurses, technicians, mental health workers and Community Health Officers?

Either All or None?

jaxxy:
Then u will open many other cases including funsho williams.

Either All or None?

IBB must be put on trial for the sake of new generation, set example and a lesson or notice to others.

Who is afraid of this weakling today?

Karma cries on Putin.

But he made up his mind that until then, others before him.

Die trying to be successful has taken another meaning in Nigeria. It used to be die struggling, working hard, preparing for success.

It has always been study hard, play by the rules legally so that younger children can emulate and admire you.

When we were younger, if you see a beautiful house, you say: No Be Dia Ime Mama Born Am O.

Indicating his blood, sweat, brow and effort to succeed. Today, if you see beautiful houses on a street, children call it: Cocaine Avenue.

Only Nigerians would dare death penalty in Asia, organ donation in the desert and drowning in the sea to make money.

Not glory, honor, respect or valor in our Value System.

DOLLARIZATION & PAUPERIZATION OF COUNTRIES WITHOUT MEMORIES

How did we get here, when can we get out and what foreign taste are you willing to give up? The best academic opinions on the dollarization of African currencies have shown mixed economic results and few benefit to a country that does not print its currency. It denies them crucial economic decisions that could only be taken at home but left to countries where dollars and euros are printed.

Apart from dollarization in some African countries, others practically use dollars and euros for major transactions and purchases like cars, houses, school fees, rents and of course to pay foreign loans. Some of the traders openly reject local currency as worthless. It exacerbate the exchange rates creating local inflation that call for total dollarization as a cure for the same problems created in the first place.

Well, is that not the real reason for economic domination and helplessness over African future? African countries cannot trade between themselves without using currencies outside their Continent, only petty traders do. There is nothing African about international standard or international currency. China is finally breaking the European and American dollar and euro monopoly.

Since we got used to everything imported, most of the money we make were spent on foreign goods and services. The more expensive they got, the harder it became to meet daily responsibilities with our meagre income. Ordinary pins and pencil, we had to import with dwindling income. In short, we became import dependent economy. We would rather buy used imported goods than produce our own at home.

We simply could not sustain our “sugar tooth” anymore, so had to swindle, steal, loot or magomago our way to increase income to support our additions to foreign goods and materials. It is not that we never tried, our local manufacturers were derided and looked down on as Ijebu and Okrika mades.

Each time before an election, citizens and even political cronies are suddenly surprised at the amount of dollars, euro and pounds that are circulating at these conventions. One would think they were sleeping before this time or their brain were on sabbatical. If any big spender is suddenly exposed or reported in the newspaper, they gasped. Bah!

Before SAP (Structural Adjustment Program) and Currency Depreciation, we pride ourselves on “Being” good Christians and good Muslims. We became “civilized” by how much French, English and Portuguese we could speak and how little African languages we could think in and speak.

People have forgotten that the best time most African countries had was when our currencies were at par with foreign currencies. It sounds like ancient history now. We then moved to a point when foreign currencies were regulated to preserve our foreign exchange to the time foreign currencies were totally banned. It was later relaxed and certain amount were allowed for travel, school fees and limited goods and services.

We were still good up to this point because violations led to serious time in jail. Most sober Africans would tell you those were good old days. However, economists and exploiters preached liberalized and open market, free competition to spur production and ingenuity as the same argument used for SAP and currency devaluation. The losers started from devastation of the middle class to the working poor masses.

Countries without memories are bound to repeat the same mistakes like a recurring decimal. The leaders that were united in the fight for Independence had a common bond to fight their oppressors and tormentors. Like other African countries, as soon as the the colonial oppressors departed, leaders established more industrial areas for workers, farms, schools and hospitals within their states and regions’ capabilities.

Those that benefited from the hard work of Independence fighters became complacent enjoying what they consider their entitlements. Education was almost free to any level or supplemented with scholarships at the state and Federal levels. They got so used to all the freebies since they were recruited from colleges and universities after graduation. They then lost their thinking cap, waiting for paychecks without producing any tangibles.

The vigor, exuberance and skills used to confront the colonial masters soon disappeared and replaced with bloated ego as long as they excel in western education. They pride themselves as copycats of Western and to a lesser extend of Eastern civilizations. They threw their own culture, food, clothes and everything needed for survival at home, away. Since these could be easily imported, they got them until they could not do without their foreign taste. Call it sugar tooth.

These borrowed habits and cultures dogged those that consider themselves “civilized” and passed it onto their children, including foreign languages at the expense of their own.It is not uncommon to find “educated” families unable to converse with their children in their own language. Much has been made about Mission schools forcing children to speak in English. Who forced them to speak English or French at home?

Recently, some African glowed at the “perfect” accent of Kenya’s President at the White House. They forget that neither François Mitterrand, any other French President or Greek’s George Andreas Papandreou that taught in American university never spoke English when they met USA or British leaders.

It became expensive to support this foreign lifestyle in local communities. Even when local food were cheaper at the local markets; Akada and Adaka preferred supermarket where foreign food are sold. Since we neglected what was ours, we patronized foreign clothes, shoes, English gold (exported raw from us), sardines (fresh fish exported from our waters), etc. This was how we increase production and jobs abroad and killed our local industries at home.

The irony is that the only place genuine organic food are sold were at our local markets. Almost everything at the “so-so” supermarkets were canned. By the time they were opened, they must have spent ages locked up and stale. Most of them were exported from our shores as fresh fish turned into canned fish or our beef turned into corn beef.

Of course they were bought cheap and sold very expensive to us. It has got to a stage where Chinese products and food are sold cheaply to displace ours in our markets. Even worse, some of them were of inferior quality. They killed our textile material industry and some of the imported food were made of plastic. We were using good money to chase inferior brands.

Our import dependent economy has a long history but we lack memories and never learn from our past. It was illegal to drink our local gin since it would compete with foreign made. Tai Solari had to take local gin to police station to dare arrest!

Recently we discover rice production within our countries, we are making progress.
Can we go teetotal back to local consumption in order to save ourselves from reckless tastes for goods and services we refuse to make locally in sixty years since they are readily available outside?


Europe and America have delegated us to be the producer of raw materials and appointed themselves as the manufacturers of finished products. It does not take much calculation to know that if you pay ten to hundred times more for finished products from what is paid in raw materials, you would become a debtor forever.

The only way to continue “enjoying” and satisfying our foreign tastes are to make, source and loot more foreign cashistics. So our politicians increased their salary to meet the demand of their foreign “obligations”. Even when Nigeria cannot afford to pay teachers and junior civil servants, the Government borrowed foreign money to pay politicians outrageous salaries that are higher than those of any politicians in the world.

This is not enough for our politicians. Their specialities are foreign contracts where they can inflate the cost of projects, goods and services; so that hefty amount can be deposited into their foreign accounts. As soon as they make bulk purchase of tricycles that could have been manufactured at home, it is advertised for maximum publicity so that people can dance and celebrate the good work of their politicians.

https://www.modernghana.com/amp/news/878794/dollarization-pauperization-of-countries-without-memories.html

You are so bereft of simple logic to put forward in order to support your your point apart from senseless labels.

[quote author=Nawa4nl post=128420142][/quote]

Until we learn the importance of Trade from Ancient Times to Today that if you have no Exports to Offer, our currencies are going Zimbabwe dollars.

You can only determine then negotiate the Price of what you Sell, not what you Buy. Selfishness, Greed and laziness have Blinded some of us. As long as we can import anything we want, no need to export.

Until Arabs were able to dictate the PRICE of Oil through Oil Embargo, they sold at price dictated to them.

" However, no country can survive on foreign income by importing everything without diverse exports for long. Our Youths were brought up on new and used foreign goods paid for by a single commodity: crude Oil from the Arab Embargo windfall. Before then, foreign money and imports were selective like every country in the world. This was the reason Naira was at par with British pound and equal to one and a half U.S dollars then."

https://www.thenigerianvoice.com/news/330912/home-sweet-home-no-place-like-home-no-longer-sustainable.html

HOME SWEET HOME: NO PLACE LIKE HOME NO LONGER SUSTAINABLE

The feelings of Youths towards their country is different from those that grew up willing to die for the liberation of their people from Colonial domination and humiliation. Patriotism has gone out of sight. Replaced by a rush of individuals waiting for their turns to share the National Cake. Young people old enough and having their own children could not remember anytime in their lives when Nigeria had a regular supply of electricity, water, subsidized adequate education and hospitals while reaping the benefit of foreign income from the 70s Arab Oil Embargo.

However, no country can survive on foreign income by importing everything without diverse exports for long. Our Youths were brought up on new and used foreign goods paid for by a single commodity: crude Oil from the Arab Embargo windfall. Before then, foreign money and imports were selective like every country in the world. This was the reason Naira was at par with British pound and equal to one and a half U.S dollars then.

It must be repeated that the best time to serve African countries is in our youth. Africa is not a burial ground as some foreign leaders have noted. We need young viable men and ladies that can rock, endure or change hostile environments as a result of little infrastructure. The lack of adequate infrastructure makes the difference in the survival of poor people either in Africa or in the developed world in very cold and hot weather.

When we revolted against foreign culture after Independence, African cultures claim that it is difficult to forget where your Umbilical Cord is buried and you do not point to your father's land with the left finger. Unless you are driven by existential fear that can eliminate your very being. While the loved ones cannot wait for your return home; cynical people wait to exploit you as you return, out of greed. In other words, da bii mo se da!



Source

If Nigerians defy Death Penalty in Asia, Agadez Niger Republic story not enough deterrent.

Agadez Niger Republic where migrants from Libya were begging to return home met migrants defying their horror stories to go through even worse situations. Despite horror stories of dying in the desert, taken as slaves by Asma Boys, sold for body parts, rape and given the most inhumane treatment worse than animals, new slaves were not convinced by the face to face stories until they taste the worst punishment themselves. https://www.nytimes.com/2024/01/23/world/africa/agadez-niger-migration.html

Put on your glasses. Not only do they stay, they live large fantastically because they exploit opportunities you ignore.

DatIgalaDude:
Make them come stay na

Yet Nigeria Japa with millions that cannot last them a month outside!

Seriously? Yes. Every foreigner in Nigeria will tell you there is more money to be made in Nigeria than in their own countries. Otherwise they would not leave their comfortable countries to make bigger profit and live majestically in Africa. All they have to do is distinguish frausters from greedy local partners and hold their noses long enough until they drain Africa's Central Banks with the help of African enablers.

Africa can never get out of the economic quadrum we put ourselves as mainly petty traders; buying and selling imported foreign goods and services while we export little finished products at our dictated prices. On the other hand, just ask Nigerians exporting finished goods and preserved food to Western countries dictate what to pay for their exports; how they laugh to their banks in U.S dollars and Euro. We must think about finished exports instead of obsessive indulgence in foreign used and junk goods.

Soure: Farouk Omo Aresa I
https://www.thenigerianvoice.com/news/330371/if-foreigners-see-africa-as-the-best-place-to-make-money-so.html