nairalanda1:


Siemens for now is the world leader..am even surprised they agreed to do the project for us

Same here

Misterone:
You guys like thinking like kids! So you expect the CBN to be pilling up dollars while people are in need of it? Who saves when his family is hungry! Only a fool does that.

You don't need to be rude to express your point.

What do you know about economics? What caused the Mexican crisis of 1994, the Thai collapse and contagion of 1996, that of Indonesia in 1997, Brazil in 1999 etc? Provide answers

Central banks aren't God. If they mess things up, everyone will die of starvation.

Yes, people need to buy things but not to the point of depleting the reserves. One of the purpose of a floating exchange is to create flexibility in demand for forex based on the quantity available.

If demand is strong, your currency depreciates making it costlier and less affordable, eventually leading to reduced demand for forex..

A weaker currency encourages exports and a desire to earn dollars, which will help add to the reserves.

The demand for forex to "buy things" using your phrase is therefore based on the value of your currency.

Charles Soludo said that the $60bn reserves built during his time in office was by keeping the Naira artificially weak.

In 2012, the IMF advised the then CBN governor to devalue the Naira, in order to reduce pressure on the Naira.

Had he done so, the foreign reserves by 2015 would have been at least $60bn.

Why didn't they go for a Chinese manufacturer which might have been cheaper?

I am not condemning this transaction. It's highly commendable.

codemaniacs:



You have a right to keep deceiving yourself.

You're not Yoruba.

Pr:igozian had a right to his anti-Rus:sian opinion even though he was Ru:ssian but his dead today.

Ha::mas had a right to their anti is:real opinion but today over 30k pal:isti:nians have died due to their anti is:realness.

Your anti-Yoruba mentality will only lead to Yorubas to keep rising and rising while you keep regressing..

I am Yoruba and because I stated my honest opinion, that made me anti-Yoruba. Na was o!

If he got more reviews like mine, it would motivate him improve the taste of the chicken served.

Criticism isn't meant to destroy but help you grow. It is sad you took it the wrong way.

I see all your children marrying Igbo

codemaniacs:



You have a right to keep deceiving yourself.

You're not Yoruba.

Pr:igozian had a right to his anti-Rus:sian opinion even though he was Ru:ssian but his dead today.

Ha::mas had a right to their anti is:real opinion but today over 30k pal:isti:nians have died due to their anti is:realness.

Your anti-Yoruba mentality will only lead to Yorubas to keep rising and rising while you keep regressing..

I am Yoruba and because I stated my honest opinion, that made me anti-Yoruba. Na was o!

If he got more reviews like mine, it would motivate him improve the taste of the chicken served.

Criticism isn't meant to destroy but help you grow. It is sad you took it the wrong way.

I pray all your children marry Igbo

codemaniacs:


You're not Yoruba..

You're a Yoruba hater because no true Yoruba person will bad mouth a Yoruba business by calling their products bland..

I am Yoruba and I'm entitled to my opinion.

I repeat: the chicken is bland. That is my personal opinion. Their chicken might be the sweetest to you but its bland to me. I am Yoruba and i am also not a liar.

Rather than praise this development, it should be queried.

The foreign reserves recently went down by $900m. Would a stronger Naira not lead to an increase for Dollars, simply adding more pressure to the foreign reserves?

lexy2014:


Mr. Biggs is owned by a company, UAC.

even it were, am sure other tribes also control certain aspects of the economy but that is a very myopic way of looking at things

I'm Yoruba and I dislike such pro-tribe statements. It simply makes others bitter. No one hates you but this could be a spark.

Many things could be accountable for this.

I suspect its because the Naira is overvalued or that monetary policy is still loose. There is the huge strain of paying for petrol subsidy which is now enormous.

In addition, the second to rhe last paragraph of the article is also very instructive. Rebuilfing the economt after a brutal 8 years under Buhari would be challenging. The previous government ran it aground.

Government needs to do more to win investor confidence.

I feel cutting corporate taxes to 15% or less would lead to a spike in investor confidence. It should also announce an ambitious privatization and commercialization plan that would cover the 4 international airports, the seaports and NNPC.

Jackanda1:
Happy sunday.

The bible talks about hell and death been cast into the lake of fire.(Rev20:13-15)
This means every unsaved person is going to be swimming in fire for all eternity.

What about people who were unlucky to exist before the gospel got to their location? E.g people who lived and died before the gospel got to Nigeria.

What about most people in countries e.g north korea and other such countries who have little to no knowledge about christ?

What of people who were unfortunate(they're all going to hell) to be born into say islam, budhism, hinduism and other religious movements? You might say these people should simply convert to christianity just by hearing the gospel, but switching religion isn't that simple. They are plugged to their faith the same way you have been indoctrinated and plugged to yours.

What about other sects of christianity that aren't getting it right?

Are all of this people going to be thrown into the lake of fire recieving same punishment as shekau or Hitler for all eternity?

Hi,
I would have loved to answer your question comprehensively but my keyboard is bad.

Instead, visit the link below.

It will provide detailed answers to your question about Hell and Hellfire. The true God is not a monster. He remembers we are dust {Psalm 103:8-14)

https://www.jw.org/en/bible-teachings/questions/is-hell-real/

CrossRhodes:

Capping shit...
Does this even make sense to you?

She has never travelled out

You're the best blah blah blah but nowhere to be found.

Story for the gods.

saphiere:
Only a mentally sock person will be VDM follower.
I am not an advocate to of DNA because some times nurses and doctors swap people's babies at birth.

Even if DNA was to be demanded from Wunwi, it shouldn't have been at the moment she was mourning. More so, it shouldn't have been from VDM. He is not part of the family and has not contributed anything to the family. God punished him from shifting attention from the death of Mohbad to DNA.

Does VDM have Masters or something? Why are people treating him like a god?

I doubt the governor would spend a dime of his own money. I won't be surprised if donations hit 1billion.

Tinubu fit drop 20m.

CodeTemplar:
How much has the airport generated ?

Most of these airports governors are building are white elephant projects. The demand isn't there to justify them.

I wonder if they have any good advisors.

Edit

I replied you by mistake. I didn't check the username

lastkingsman:


Davido papa dey into oil and gas?

He owns a massive power plant

Ishilove:
We may not agree with his style but he is saying the truth. Anyone who was able to become popular before the advent of social media needs to be applauded because it was harder then. Nowadays all you need to do is go online and act the fool, and voila, you get a level fame (even if it is 15 minutes). All these idiot cross dressers cannot be compared to Denrele Edun. Hell no

Denrele na aje butter. His dad was a lecturer.

James Brown "They didn't caught us" speaks volumes about his background while Bobrisky is .........

Conner44:
Explanations & Statistics, na now Nigerians (along with apc people) go CHOP AM

I paid yesterday and it was N34 per unit on my meter.

Let time reach for me to top up again and see what they would have increased it to

I will top up tomorrow before the general increase

nairalanda1:


Who else should we compare ourselves to. We are an African country, so we compare to our african brothers.

Egypt is even a bit more expensive than Nigeria self. They also don't tolerate power theft there.

I detest power theft. Those responsible should be taught a lesson by being charged to court and sentenced {Read Eccl 8:11)

true!

The ban on the importation of poultry should be on the list to crash the price of meat protein

mobisonkk2:
I like Ebonyi people, very calm, honest.

Yes they are.

They are the most un-igbo of Igbos.

America is stuck between the Devil and the deep blue sea. If it jettisons Israel, it would be a triumph to its enemies and would embolden them greatly and might prove to be a thorn in Israel's flesh

If it stands by Israel, it is seen supporting a right-wing party which have no love for Palestinians and are determined to flush out Hamas out of Gaza, no matter how excessive, with no sensitive to world opinion, including America.

olisaEze:
"Valued at over $200 million, according to Onwuanibe, the Landmark site is home to over 80 businesses and provides more than 4,000 direct jobs. It also generates over 2 billion Naira ($1.5 million) in annual tax revenue"

They’re prepared to lose $1.5 million annually in tax and 4000 jobs in these hard times. Why, because Tinubu and his all Yoruba advisers are real dullards who will not stop until they see the country in ruins. Even the CNN reporter is shocked! Funny thing there is, they think they’re dealing with the Igbos, but I bet over 50% of those 4000 jobs sent into the unemployment market will be Yoruba.

I doubt all these figures he is quoting. If it is up to even a quarter, shout hallelujah

LegendHero:
That corridor will be open to massive investment and real estate will spring across close to the water body.

Most people don't know Ogun and Ondo state have Coast lines.

I worry about the environmental damage.

Why are they being fined? All customers deserve to be in that band. All customers deserve a minimum of 20hours a day of power.

This segregated billing is absolute nonsense. How will they actually separate the billing?

Do not say the poor can't pay the new rates
. They suffer the most from segregated billing, only deserving of 3hours of power a day. Their businesses are then left to the mercy on the most expensive power of all, the generator for light, especially for their business.

It is cheaper to power your home for a week with the new rate than with a generator for a day, and thats when the use of the subsidized petrol at 600/litre.

I met a man today and he was thankful on how I was able to explain economic issue easily to him.

The government needs to be able to explain economic issues to people in simple terms.

If people knew why electricity tariffs need to be increased or better still, deregulated, most will willingly accept it.

My village has had no electricity for over 10 years over the lousy excuse of a lousy bill the village owes the utility. My hometown Ondo barely receives 6 hours of power daily and this has been the way for about a decade now.

If paying 225 per kilowatt hour would eventually translate to 20 hours of power a day, they would grab it with both hands.

Power theft should not be treated with kid gloves. Everyone suffers. Bills may be high to cover the loss of stolen power. Start charging repeat offenders to court. If mighty edifices of so called untouchables were razed down in Abuja, Lagos and Ibadan, I don't see the big deal about these relative small timers.

lesbiconverter:
Do we have functioning refineries other than Dangote's?

Search for Nigeria under the list

https://en.m.wikipedia.org/wiki/List_of_oil_refineries

Listen to Omokri at your own peril. The man is a renowned economic illiterate.

Many things affect the exchange. In Nigeria, fiscal policies by the FG and monetary policies by the CBN.

If the federal government runs a massive budget deficit, it would lead to a depreciation of the Naira. If the CBN runs a loose monetary policy, that would also make the Naira tank.

Can Dangote refinery help the Naira rise? To some extent yes but only very little.

But would would really help the Naira is massive exports of refined oil products not only from Dangote refinery but from new ones coming onstream and the from the refurbished Port Harcourt and Warri refineries. A massive surge in exports is the game changer and not really a reduction in imports.

lesbiconverter:
And reduce your IQ ,abi?

The guy is a dullard. Why didn't he advise his dementia stricken thie.fnubu to fix refineries before removal of subsidy? Instead he placed the cart before the horse.

The jokes on you. All those saying fix refineries first before removing subsidies are not economists but the stakeholders who only want to purchase petrol for close to nothing

No economist supports that notion. It isn't compulsory to fix the refinery first. Actually, removing subsidies and better still, fully deregulating the price will encourage people to build refineries. Nobody is keen on producing a product the government fixes below the market price.

Dangote said had Jonathan succeeded in lifting the subsidy in 2012, he would have commenced his refinery project then.

That is why even though demand for petrol is the highest among the refined products, Dangote has started off by only refining diesel. Government needs to go further and deregulate the price of petrol as it has been done for diesel, kerosene and cooking gas.

2024 budget estimated inflation at 20.9%. This was simply red flag that the government would be tolerant of inflation and the prediction came true.

Putindbutt:

Guy, 100k is on the table. Tell me what business Onyema was into before his appointment as consultant to Kingsley Kuku on presidential amnesty programe. Airpeace was established with niger delta money.

Peace is Jonathan's wife's name.

She might also be the owner. The airline is well oiled.