₦airaland Forum

God bless biafra.

stale news, what's the vp plan for the recession since he's the head of the economic team.

mjbaba:
For where

in enugu.unlike Lagos, you don't need a raft foundation and gravel is the norm in most parts of the se/ss.so how much do you think would be enough?

giles14:
see mumu,Ipob my foot .desam way massob use Igbos to make money.


develop south east first b4 u mention Biafra.

who want to live in a landlocked country

fake igbo spotted.

TrumpDonald2:
call now

does this vehicle have any fault i should know about? i expect full disclosure in good faith.

giles14:
I am.
but you don't just throw that away.

there is 99% chance we might turn out as south Sudan is given the right to secede.


if I may even ask you who and who will be in this Biafra.
instead of breaking away why not first develop d south east .we need roads electricity rail .

kill nepotism ,kidnapping ,cult in tertiary institutions, improve security etc.

we can attain Biafra without even leaving Nigeria.

what is still stoping the south east businessmen from using the onistha inland port.

you're making no sense, all these crimes you listed seems to occur more in other parts of the country nudging by the number of topics that makes nairaland front-page, America is the greatest country on earth yet it has the largest prison population on earth, and please onithsha inland river port is an abandoned project. you also vied off from the topic of the thread about the milittarisation of the south east and south south (operation crocodile smile, python dance, eagle etc) i have lived in the north for years and they have very scanty police and military presence despite the perennial security problems there

please, i am soliciting for offers for a pick up truck that is in a sound condition that would be used for construction purposes. if you have any in your stock, please list them here, thanks in advance for your corporation.

Sibrah:
Stop the barefaced lie. Iweala did it under OBJ and GEJ. I bet you don't know is a standard practice that's why you told the lie you just told . . .

you're deviating from the topic to start tackling iweala,it's standard practice to defend the national currency in order for it to trade within a fixed band.the current management approach is plain juju economics.

Excellent7:
Sir, It is not as you presume!
From my findings, If you send $100 to Nigeria at the moment through Western Union for instance the recipient is getting around 31,000 NGN to 37,500 NGN (that is around $1 to 310 rate).
If you subtract the cost of the transfer the actual pay out can be around 28,000 to 35,000 NGN (around $1 to 280 to 350 NGN effective rate).
Hence your friend, brother, sister, uncle etc. in the diaspora is unlikely to send you any funds this season as one looses money by sending funds through these government approved channels to Nigeria.
In this scenario, the circa. $20 USD yearly inbound Forex to Nigeria is threatened adding to an already bad Forex position.
Little wonder the FOREX rates are skewed against the Naira at this period when the reverse should have been the case with FOREX from "diasporans" visiting the homeland.
Concerning the rates, you do not have to take my word for it. Check by yourself on the links below:
http://onlinefx.westernunion.com/Currency-calculator
https://www.moneygram.com/wps/portal/moneygramonline/home/estimator?LC=en-GB

diaspora now resorts to unusual means to send money home while federal politicians make huge profits buying at official rate to sell at the parallel market.

Sibrah:
If money isn't needed to maintain forex rate then why did Iweala allow $20Bn/year to be "wasted" or "spended"?
You need to stop the blind defence of what you obviously don't understand.
Govt spent $217b between 2002 and 2014 [12 years period] in defending the Naira . . . Google it up as I am not chanced to dig it out right now.

iweala was defending it because of the approaching election and the fall in the price of petroleum was not thought of then to be persistent, in order words,it was a political decision not economic. i have laid out my points so if you still think that the dual exchange rate we have now is the best then good day to you.

macaphan007:
I salute Mr Henry Boyo very complete Economist in all aspect of both Macro and Micro,i've watched him speak so many times on TV,i would rate him above Bismark Rewane when it comes to tackling economic issues,i totally agree with him on the 2017 budget,my question is why is the overhead cost still high,when the Ministry of Finance claim it has plugged leakages and dealt with the issues of Ghost workers?aren't we suppose to be seeing a reduction,the Govt claim they included Pensions,were Pensioners not included in the 2016 budget too,were they paid?how many Pensioners are on the Govt payroll since a verification exercise was done in sept 2015 and continued in 2016.
The issue of the value of the Naira too is also a set back to the budget,in reality the value of the 2017 budget in terms of money is probably the same as that of 2014 if not less.
I think the Govt needs a proper alignment of both Fiscal and Monetary policies,and also make room for private sector participation in bringing the economy out of recession by engaging in PPP,Commercialization of viable Govt entities and Concessions,taking a loan now will be counter productive when we are still battling with corruption.

how many people on the federal executive council understands all these grammar you're blowing, bujari wants to collect his feeding allowance, osibanjo his library allowance, fashola award borehole project and lawal grass cutting contract. in order words, they want to share the money. even collecting a loan to sponsor N~power is a horrible economic decision.

buhari does not obey the principle of professional progression, for example, the current head of customs have never worked in the custom service while the head of dss is a retired officer. enjoy the change you voted for.

hhb

Sibrah:
Are you aware of the volume of dollar needed to float the Dollar (A.K.A. Defend the Naira)?
We spent $217Bn in 12 years on that. In Iweala's second stint as minister, it averaged $20Bn/Year. Where will Buhari or Adeosun get that from?

defending the defending the dollar and floating it at the same time is super stupid, like i said before, if floated the dollar won't sell more than #400 while Nigerians are already buying it at #490.you don't need money to manage the foreign exchange, you need policies and we both know that the current regime lack policies.

Sibrah:
And what's the right move according to you?

by floating the dollar completely as was been done by okonjo iweala.right now the official price of dollar is #305 while the parallel market price is #490,if the naira is to find it's true value, then it should be between the two figures above. if the naira is freely highest i believe it would settle is around #400.this would mean cheaper goods and more money for the government.

Sibrah:
$ shortage made the govt adopt 2 exchange rates in the first place.

which was the wrong move that got us into the mess we're in now.

all these apc attempts to infiltrate se/ss voters won't work without nnamdi kanu,he's the key.

Sibrah:
Let's not edify stupidity here. The topic clearly link the fall of Naira to continual Dollar shortage here. Is Buhari your Dollar machine?

a dullard that runs parallel exchange rate is the cause. iweala allowed the free market to operate.even emir sanusi blames buhari.

the efcc and dss under buhari have been messed chasing his critics.

it took buhari six months to appoint his cabinet, all of them been round pegs in square holes not to talk of corruption cases against them.

Dc4life:
THE THIEF and BIGGER Thief


"In 2011 Obasanjo called Rochas 'big thief'. He is in Owerri today with Ghanaian President Elect singing Christmas carols with Rochas. Will Christ laugh?


"In reaction to Obasanjo's reference to Okorocha as a thief, Rochas Okorocha called Olusegun Obasanjo 'bigger thief, the dreaded Evil and Problem with Nigeria',...but today he( Okorocha) is rolling a red carpet in honour of his Thief Friend Obasanjo and political benefactor

I'm more worried over the way apc politicians including the sultan of sokoto are flooding into the east.

Udiboy:
Hello house,
Please how much will cost me to build a village house in Enugu.
My land is along the road and accessible.

I want to build a 5 BR duplex with 3 toilets and bathroom .
I am not really sure of the dimension but just seeking for knowledge on how much it wil cost me.
I have some money saved up but it's not upto 10M naira.
What do I do? Start and stop of wait to get more money?
Thank you.

based on previous building experience, i would ask you to budget 15million, it can finish it if your taste is not too high.

saydfact:
NOW LETS DISCUSS ? ONCE WE'RE OK, WE CONTINUE BUILDING

good job, following.

NCAN onitsha branch.

grandstar:
Funny enough, if they allow the currency depreciate to its true level, say 400 at least, that may cover the deficit. Buhari's economics is lamentable

politicians like bujari's wife make money by taking advantage of the dual exchange rate.i think the cbn should start selling dollars at it's true market rate too just as okonjo did during her own time. we're better off having a single exchange rate of #400 than this current confusion. the higher official price would put more money in government pockets too.

those planning to vote out buhari in 2019 are just deceiving themselves. anambra elections would be worst because nobody would even see the ballot boxes and yet results would be declared.

if a Fulani robs a fellow Fulani, it's a crime but when a Fulani robs,rapes or kills a farmer, it becomes nothing. sai baba till 2023.

lonamy:
I think Nigeria better stay as one country and as a bigger Nation with strong economy.

If the Northern Nigeria is broken away, and they are unable to garner strong economy to face insurgency in the region, there is a tendency that they will be over run by Islamic Movement quickly and they will easily flow to the southern states of South West, Biafran Republic and Niger delta.

I think Nigeria is actually playing Big brother role in this region. Should Nigeria as a state fails, all the region will be in trouble.

I know Iran and other Islamic countries are behind funding these groups. Nigeria is there target. Other countries are not a threat to them. If Nigeria falls, with 10 years, all other smaller nations will fall. And the main focus is to take over Nigerian Oil facilities.

I want to urge people clamouring for session to think twice, so that the evil greater than what is expected will not fall on us.

You may have your sovereign state, but you may not live to enjoy the benefit you expected from it. I think it is better we resolve our internal differences internally and amicably, so that we can live to see another day.

Please, if anyone is offended by this write up, I am sincerely very sorry. I think of our future and that of our children. Our decisions today should be of great benefit for tomorrow's generation.


Thank you.

any country with a significant number of Muslims can never progress or know peace, what you're asking for is impossible.

i blame buhari for introducing the shias vs Sunni feud into this country. things like these makes me to see more need for the emergence of biafra.this country can't progress.even the minister of education wants to establish a parastatal just for Arabic education while Nigerian languages are going extinct.

how can a man plan evil against his own people? both apc and obiano won't win anambra,we need youths on a new political platform. we're tired of all these corrupt and heartless old men.

apc thinks every Nigerian is a gullible zombie.

tolor:
ALL these people criticizing Atiku should ask themselves this very important question. Who else is saying it better than him?

my major problem with him is that the man is generally considered a homosexual, the USA and Britain orchestrated GEJ removal because he signed the anti gay bill into law against their warnings not because he's corrupt. if atiku is both corrupt and gay,he would sell this country on all faces.