₦airaland Forum

Vision101:
The cbn is in a fix. To bring the rate of inflation and interest rate down simultaneously is no beans. If you lower the interest rate you end up releasing so much cash and inflation will go up.

One of the drivers of high exchange rate is excess liquidity. Therefore moderation in rate management is the key. There are so many macroeconomic and microeconomic dislocations in our system. Is not as simple as arithmetic.

Pls where did you learn this from? Are you sure the increase in foreign exchange is caused by the excess liquidity? Really? You guys can defend nonsense just to justify your monthly stipend as keyboard warriors.

Pls what’s the relationship between the floating of Naira and the increase in the xchange rate? Perhaps you can educate us.

Risingblue008:
What is dis present government up to?
30% interest?

How do pple defends this man still baffles me i swear.
Dangote is sayin d fact
30%?
Soon,b4 u leave ur house for work that u are not guaranteed of,tinibu will ask u to pay for tax,as in "work searching tax"
Omo,this one pass d common man oo
But the illitrates will not understands this
Tinibu come show us peper for real,the inflation and lost of jobs will be unimaginable according to samuel.l.jackson
Unimaginable

The most annoying thing is when they start blaming everything and everyone for their own foolish policies.

This is another laudable policy from the useless government. When this backfire, they will quick to transfer the blame to Buhari, Binance Jonathan and everyone and everything they can think of. The most annoying part is the dead brains zombies crying like a bereaved defending this nonsense.

Who says we don’t have our own special forces, pls see ours

So, MDAs are unable to pay their electricity bill and you expect Nigerians with N30,000 minimum wage to pay for darkness?

Friend22:
Go check previous year's budget then come back and blame APC.

NOTE;I don't support any party,but I choose to objective than be an indecipherable simpleton.

The problem is there are too many loopholes in the system and top heavy priorities.

I can see you "don't support any party,but choose to objective than be an indecipherable simpleton" indeed. you can as well give us the budget in dollar, then come back and blame PDP.

Loopholes? more than what PDP met in 1999? I can see that you are very objective. Maybe we should start mentioning the loopholes and what was/is done to fix the loopholes.

Cromagnon:
OK
So you follow tif our common wealth
But e de pain you now say e reach anoda pesin turn?
You think say na only you de country?
Life yes not sweet under pdp for many of us

I’m not a criminal like you, I worked hard. Woke up as early as 3am to beat Lagos traffic and won’t get home until midnight. I worked my ass out. This coupled with the good policies from the government then made some of achieved so much. Government did not give us palliatives, but ensured their policies were for hard working citizens like me. I don’t need to steal government money before I can make, all I need is good policies from the government. #zombie shey you don hear. If life no sweet you under PDP it means you are lazy.

Cromagnon:
What did you gain under pdp?

I order my first car from US under PDP but sold it during APC. bought my first landed property during PDP. $1000 under PDP was N150,000 but N1,500,000 under APC. Graduated under PDP. Travelled outside the country during PDP. In short, life was sweet and easy under PDP. Just to mention a few. Pls what have you achieved under your poverty infested party?

RawSex:


Don't mind them. Nigeria has highest number of stupid people per capita

Hmmmn! ooo deep! Stupid people per capital

On what basis pls? #emilokan?

WizardOfNG:
Too many bro. With all due respect, the fact you cannot even see a single one good reform, out of so many, means I can't waste any time responding to your ignorance, bias and/or mischief.

Same as it is pointless continuing to flog a dead horse to get it to rise up and work.

I agree with you, I cannot see a single one, that’s why I asked you to mention just the one. I didn’t ask for too much, did I? At least you can excuse my ignoramus and educate me and other people like me. Just mention one “positive” policy that is meant for the good of the people.

ReubenE:
I think they just recruited that guy. He is just writing lengthy and unnecessary paragraphs filled with kindergarten logic and hypocrisy.

What exactly is Tinubu doing that is different from what Buhari said he was doing and finally did in 8 years, which quite frankly this particular writer may have supported. His line of thought gave him away as one of those same Buhari 8 years bear the pain for glory praise singers.

He was very calm in calling out GEJ and Buhari as destructive elements without acknowledging the destruction Tinubu has done in just one year that far supercedes that of GEJ and Buhari combined. He subtly blamed every one; from governors to farmers, bandits to average people on the streets that may or may not be conniving with bandits etc except the man Tinubu who is the president.

Tinubu has continued with Buhari's government tradition of profligacy. Borrow money to do nothing serious but waste and steal some. Nepotism in government is still unabated. Abuse of power where non elected officials still use state instruments to oppress and intimidate others.
Security of the country is falling apart and there is obvious lack of synergy between government institutions.

Let me not even go the way of the failed subsidy removal and floating of currency or whatever he tagged it.

Anybody that look at the line items on this current government's first national budget and still talk about this government making reforms is seriously mad.
Price of commodities is now over the roof that most people cannot even afford basic things anymore but somebody is here telling people to bear teething pains for the reforms to yield fruit. Same rhetoric they used in the wasted 8 years of Buhari.

Bear teething discomfort while VP is getting 20 billion for accommodation.
What exactly is the reform(s) this government is making that we should be expecting positives later. The answer is zero

I never envisaged buying a single egg #250 in this lifetime, at least not so soon but Tinubu has made it happen.

Thank God we still have people that reason like normal people, not those zombies that are spewing trash. Thanks and God bless you for this. They think everybody can be bought or inflicted with their dead brain virus. You’re the kind of people I like to hangout with.

ReubenE:
I think they just recruited that guy. He is just writing lengthy and unnecessary paragraphs filled with kindergarten logic and hypocrisy.

What exactly is Tinubu doing that is different from what Buhari said he was doing and finally did in 8 years, which quite frankly this particular writer may have supported. His line of thought gave him away as one of those same Buhari 8 years bear the pain for glory praise singers.

He was very calm in calling out GEJ and Buhari as destructive elements without acknowledging the destruction Tinubu has done in just one year that far supercedes that of GEJ and Buhari combined. He subtly blamed every one; from governors to farmers, bandits to average people on the streets that may or may not be conniving with bandits etc except the man Tinubu who is the president.

Tinubu has continued with Buhari's government tradition of profligacy. Borrow money to do nothing serious but waste and steal some. Nepotism in government is still unabated. Abuse of power where non elected officials still use state instruments to oppress and intimidate others.
Security of the country is falling apart and there is obvious lack of synergy between government institutions.

Let me not even go the way of the failed subsidy removal and floating of currency or whatever he tagged it.

Anybody that look at the line items on this current government's first national budget and still talk about this government making reforms is seriously mad.
Price of commodities is now over the roof that most people cannot even afford basic things anymore but somebody is here telling people to bear teething pains for the reforms to yield fruit. Same rhetoric they used in the wasted 8 years of Buhari.

Bear teething discomfort while VP is getting 20 billion for accommodation.
What exactly is the reform(s) this government is making that we should be expecting positives later. The answer is zero

I never envisaged buying a single egg #250 in this lifetime, at least not so soon but Tinubu has made it happen.

You’re very right. Things have gone from bad to worst in just one year. I’m yet to see any hard working Nigerians in support of this useless government. I used to buy a bag of rice, share half to people. But today, I can’t even buy half bag. Can you imagine, one egg is now N250 and you have a president that sleeps and eats comfortably. And one idiot is telling me to give him more time? I should wait and allow his anti people’s policies kill me? Anofia

Xxxxtentacion2:
Poor country with wealthy thieves...

We are a poor country because this useless party destroyed every little gain we recorded during PDP.

17 Trillion in 9months and this government has borrowed more than any government in 1yr in office.

WizardOfNG:
Making the Country "work for the common man" cannot happen in even 3 years and without fundamental reforms that will come with 'teething pain'.

Tinubu is not causing hunger as you, an educated man, erroneously believe. Many factors are. For example banditry that showed it's ugliest face last week when bandits demanded 20 million from farmers in a Benue community to harvest or face "serious attack".

Me and you both know bandits are heavily abetted by political and armed forces might in the North. The situation there is simply a macabre joke.

A minefield of traps, abetting of terror, treachery, betrayal and deliberate undermining and endangerment of the dedicated armed forces personnel trying to fight all manners of insurgencies in the North.

Yet you, an educated man, think such a situation can be resolved overnight?

I think the educated class, which I believe you belong to, are letting Nigeria down seriously.

Who will take the right and truthful message, per the reality of Nigeria, to the illiterates at Street level when even your sort feel government, anywhere in the world, is supposed to dash fish rather than teach citizens to fish?

Pls mention one thing this government is doing rightly. Any positive reform that you think needs time to work? Just one policy.

mrvitalis:
Nigeria just like making laws they can't enforce

How do you define a skit maker? Or a random person posting a video of themselves acting?

This law makes no sense

Instead of you to focus on taxing their streaming earnings by 40% minimum .. This is easier to do, easy to trace and instant revenue generation

But no u want try to control them nig to abuse the president and u would fail making u appear weak

Pls tell me why you think this useless government deserves a dime from my earnings as Tax? Just one reason? One useless government would now take a whole 40% of my hard earned money in the name of tax and use the money to equip armed robbers in uniform to harass and threaten me? You must be high on ogogoro

victory36:
Tinubu talked about making sacrifices for the nation, I agree on that but it becomes a problem when he is doing the exact opposite. Yes it will not take overnight for his 'policies' to yield fruit ,but what policies has he actually put in place in that direction? The subsidy he claimed to removed turned out to be very untimely and a hoax at the end of the day, he still continued using forex to sustain the naira despite vowing not to. At the end of all this, things just got worse. This is the same song your kind sang when PMB first assumed power. It seems your 'education' didn't include learning from past mistakes

What’s lacking in this government is the competence and the commitment to do the right things devoid of any selfish purposes. Let’s go to pre 1999, Obasanjo met the worst economy that what Tinubu met, but because of his commitment to the nation, he transformed the economy within a very short time. This same Tinubu and his thieves of staff rubbished the man’s achievements.

Give Tinubu 30yrs, he would not do anything positive but the blame game.

WizardOfNG:
Look, I am not asking anyone to wait unrealistically. My point is that Tinubu should be given sensible period of time, say 2 years at least, before harsh judgement from all Nigerians.

I appreciate there are genuine Nigerians, likely yourself, who are not bothered about politics and just want the wellbeing of our average citizens.

Yet the reality is that Nigeria has been damaged beyond belief most especially by the leadership of GEJ and Buhari consecutively.

It is why I feel genuinely well-meaning Nigerians should not play into the hands of desperate political elements and born-to-rule hegemonists who want to exploit understandable frustration in the land for their own benefit when they have never had and will never have anything positive to offer Nigerians.

Rather than urge Nigerians to be patient, give the government's efforts and reforms more time to produce desired results and encourage them to hold all leaders accountable, from Governors to Ministers, in this trying times, some only want to exploit disaffection with the Tinubu Presidency to make a pitch for a Presidency they do not deserve and have never done well with when their sons lead Nigeria.

As Sanni observed, no Southern leader made noise against Buhari in the eight years he was in charge let alone be convening clandestine meetings up and down.

Is it then fair this same people want power in 2027 after 8 years of Buhari? Is it Atiku who was cordial with Buhari for the 8 years PMB was President, yet has been asking Tinubu to resign a few months into his job as President, that means well for Nigeria and Nigerians?

To me what is needed are obvious if Nigeria has discerning and politically sophisticated citizenry.

The nation is truly fcked top to bottom. Therefore time will be needed to steady the ship and then steer it forward.

Secondly, Governors, if they want, can make the plight of Nigerians much better as they have direct power to intervene with measures that improve food security, employment and general wellbeing of Nigerians.

For example it is commendable, even as some argue it may be an electoral stunt, that Governor Obaseki began paying 70k minimum wage in Edo of his own free will and volition.

When has any Governor, when it is in the power of many of them, done anything similar since 1999?

We must charge them to do far more, especially now allocation to them has increased following fuel subsidy removal, rather than sit on the neck of the President alone.

Below, Tinubu implores them to help aid food security because he knows they have the power to do so.


Thirdly, and finally, taking time to understanding the problem means we gain the clarity of mind to see what is truly happening and then be able to explain issues to those less educated and less informed than us.

It is a tragedy if in very troubled times a nation cannot rely on her most educated and knowledgeable folks to rise up to the task of sacrificing , over a sensible period of time like 2 years, and then imploring others to do same for the greater good.

Tinubu only facesthe sabotage, impatience and deliberate mischief-making he does today, even though many knows he inherited a terribly damaged Country, because of tribalism, sectional hatred and a completely disunited nation on all levels.

If anyone doubts this, then they should look at how the North convened lawyers to sue the Tinubu FG for billions over the accidental air bombing in the North months into Mr.President's tenure when no such happened in the 8 years of non-stop bloodletting that characterised the Buhari Presidency.

Other nations have faced worse but can pull together and sacrifice because they have homogeneity of ideas, targets, desires and purpose.

In the end, we will all reap what we sow if we allow ourselves to be exploited by opportunities who only seek powerl for their parochial agenda and not to use transformationally.

https://guardian.ng/tinubu-tasks-governors-on-food-security/#:~:text=President%20Bola%20Tinubu%20has%20urged,Nigerians%20are%20relieved%20of%20hardship.

Either you are a paid keyboard warrior or you’re being fed by your parents. I have known Tinubu since 1999, he never cared about the masses. I’m sure he’s looking for more ways to inflict pains on Nigerians. I hate it when people like said the past governments have destroyed things. The questions I have for you is this:

1. Who removed subsidies with plans
2. Who floated Naira before appointing cabinet
3 would you have been saying the same thing if another person was the president or you’re saying this because you are eating from the government?

If you can answer these questions

WizardOfNG:
Making the Country "work for the common man" cannot happen in even 3 years and without fundamental reforms that will come with 'teething pain'.

Tinubu is not causing hunger as you, an educated man, erroneously believe. Many factors are. For example banditry that showed it's ugliest face last week when bandits demanded 20 million from farmers in a Benue community to harvest or face "serious attack".

Me and you both know bandits are heavily abetted by political and armed forces might in the North. The situation there is simply a macabre joke.

A minefield of traps, abetting of terror, treachery, betrayal and deliberate undermining and endangerment of the dedicated armed forces personnel trying to fight all manners of insurgencies in the North.

Yet you, an educated man, think such a situation can be resolved overnight?

I think the educated class, which I believe you belong to, are letting Nigeria down seriously.

Who will take the right and truthful message, per the reality of Nigeria, to the illiterates at Street level when even your sort feel government, anywhere in the world, is supposed to dash fish rather than teach citizens to fish?

Pls how old are you? You sound like a 13yr old boy that’s using his parent phone to browse the internet. I don’t want to argue with you, but will like to challenge you to an intellectual debate on the issues around politics, policy, government and history

daniwise:
The worst of PDP is far better than the best of APC.APC is a curse to Nigerians

You are very much right. PDP has demonstrated that they are indeed power to the people. I still wonder how someone would abandon the umbrella for broom. You left the cover for the hardship over imaginary corruption? Now that the real corruption is here nobody is talking anymore.

GreatKingg:
This is a welcomed development. I believe with patience, these administration's reforms will start to yield the desired results. Agreed, the reforms will lead to high inflation and inflict pains on the citizens in the short-term, but in the mid and long-term, we will reap bountifully from this.

Believe me, there is no way we could have continued subsidizing fuel and foreign exchange. Our economy will collapse under such burden due to our population. Our population is supposed to be a blessing, but our clueless leaders has turned it into a curse. If at 200m+, the government was already borrowing to pay subsidy and salaries, what do you think will happen in the next two years? If government is already struggling to pay subsidy for 200m people, how will they be able to afford it in the years ahead with the way Nigerians breed children like rats?

Things are really tough right now I must confess, and I hope the government can keep intervening from time to time to lessen the burden on the common man.

Is either you’re not in this country or you’re being fed, or being paid to share this nonsense. Pls mention the reforms being implemented by this government. Do you think the government hasn’t started paying to strengthen the Naira? Do you think the government has not started paying subsidies?.

mbahdi:
And useless God and gods forsaken idiots still support this druglord man.may Nigeria happen to anyone still supporting this thing

without paying subsidies, this government has borrowed more than governments that paid subsidies. This does not make any sense. Lagos is happening to Nigeria. from the richest state to the most indebted state in Nigeria. We warned them!

Bobloco:
I am still waiting endlessly when the naira will exchange below #1000 for a dollar, as was promised by the BATerians.

I hope I will not be labeled as being bitter, a hater, and an enemy of progress because my candidate lost for being hopeful and optimistic about the naira appreciating and exchanging below #1000 for a dollar.

only fools like BATerians do the same thing repeatedly and expect different result. I thought they said that Binance caused the free fall of Naira, I wonder what their next excuse would be. bunch of idiots

But Tinubu was not Patient with us before he removed subsidies and destroyed the economy.

ElevationD:
Very poorly written English.
She made her comments long ago last year and has never commented again since then.

Anyway, Tinubu must find a way to get Nigerians out of hunger and start fulfilling his lofty promises.
All the promises since the days of Buhari, have become monumental lies and disgraceful.

Tinubu never promised you anything other than emilokan. There is no concrete promise you can hold him on except abstract promises that you cannot confirm. That was why he did not grant any interview. Please go and study his manifesto again

blowjohn:
Nah bro. A normal thing for naija.
We are very religious/spiritual.

As per miracle seekers, the country and society has contributed to it.


Look back at the early nineties.... Nigeria has always been very religion centred especially Christianity. And back then the citizens had far less troubles that warranted them to go seek for help in churches.

What most people are looking for is not miracle but magic. How do you explain someone that left is working place on Monday morning and goes to one mountain seeking magic, sorry miracle.

I once told a friend that 98% people that go to church in Nigeria, do that for 2 reasons
1. Either something is pursuing them or
1. They are pursuing something.

Take those two things away, they will stop going to church.

The guy fought me. Long story short, the guy is in UK today but he has stopped going to church.

Shimran:
Deborah was killed because she think she can hurt other people by going Scott free in the name of freedom of expression. Few weeks back, in America, the so called mother of democracy, a man was arrested for expressing his mind against the POTUS. What a doubled standards

What was the crime of these couples against those attackers?

so you supported the killing of Deborah? you are just a potential terrorist qed.

Lukgaf:
https://www.facebook.com/share/v/tHyee1kuriyvCufL/?mibextid=oFDknk

Ogbeni, you are nothing but a potential terrorist. So, shut the fuckup

I feel so sorry for this country whenever I see how some people, especially some lazy Nigerian youths are defending some of the world’s most laughable policies of this government.

Pls can someone educate me why Binance did not affect other countries’ economy but only Nigeria’s? Even our next-door neighbors, Benin and Ghana are not affected, but only Nigeria economy.

Comparing the Binance vs. US with Binance vs. Nigeria is very absurd and ridiculous.

Binance vs. US
Binance, a “registered” company in the US was charged because the company disregarded anti-money laundering Know Your Customer laws, failed to register as a money transmitter, and wilfully violated U.S. sanctions tied to the International Emergency Economic Powers Act.

As a registered company operating in the US, you are required to comply with the U.S. sanctions tied to the International Emergency Economic Powers Act.

That was why the CEO pleaded guilty and was convicted by the US court.

Binance vs. Nigeria
But in the case of Binance vs Nigeria, Binance was never a registered company in Nigeria. “The Nigerian Securities and Exchange Commission (SEC) declared that “Binance Nigeria is neither registered nor regulated by the Commission and its operations in Nigeria and are therefore illegal. Any member of the investing public dealing with the entity is doing so at his/her own risk”.

We have said it several times the main reasons why Naira is falling, but it seems some people just decided to be stupid and foolish at the same time. Please how can a country remove subsidies and at the same time float her currency and expected the same currency to stabilize?

Aside the bad policies embarked upon by this useless government, do you know how much have left the country in the name of JAPA? People sold their belongings, withdrew their savings and took the money out of circulation and you expected the economy to stable?

Please wake you

who moved my cheese? that's what happened