₦airaland Forum

The simplest remedy? Never carry any girl matter for head.

And never in your life (even in marriage, Yes marriage) entertain the notion that a woman 'belongs' to you. It is the surest way to madness and early grave.

anonimi:
When shall WE remove the off-putting religious aspects of our cultural heritage and start making MONEY from its tourism potentials instead of running away to be voluntary slaves abroad

Tell those Igbo people running from their homeland.

imsuboi:
What yoloba land? Lagos? That's no man's land. Try again

Hmmm OK......I'll wait until Ohaneze, MASSOB or Peter Obi say so.

hinwazaka:
It is that salient fact that makes them bankable. The jews, who are seen as shrewd and intelligent money managers only have a tenth of their population residing in Israel, their homeland. In fact, prior to the exodus back to their homeland in 1945-1949, it was even far less than that. The fact, that they have been able to make a successful business base, outside their home makes them more of a success than you. Hence the term LOCAL CHAMPION

I will never respond to you again.

Seun your website is crying for change. Please raise your standards and stop registering these bloody illiterates from the villages East of the Niger.

baralatie:
investors are not coming because you are Nigeria.investors come because other investors are present good financials books about your economy.
that means they are watching your govt and if it is inactive and not able to solve liquidity.
well.....you want understand

Village barber.

baralatie:
aaarrghhh! I see
after you have "yaka" to the speculators who have the dollars.
how do you think multi billion dollar investor will now take you for or let me rephrase
if you "yaka" them well,well!how do you say "eku abo,ina kwana,ibooola chi to the multi billion dollar investor where they are being told Nigeria is broke.

My guy.....there is a clear difference between speculators and investors. Please read up on this and come back later. Thanks by the way.

vanbonattel:
cowardice could be called any name, even peaceful

I would rather be called a coward than start a war the Ojukwu way. We all know what happened to the 3 million lost souls and SE standing in Nigeria.

Yoruba people own and run Kwara. There is nothing to fight for unless for reckless bravado (the Ojucrook way).

I will begin to worry when a non-Yoruba becomes the governor, deputy governor, Emir, speaker etc etc in Kwara.

baralatie:
hahahahahaha!
please forgive my laughter!
it is early for anyone to go about rainning abusive words!



like I said no one knows what the naira is worth but WE can Tell where it will go(whether good or bad)in relation to another currency I.e the dollar.

Nigeria has The Naira but cannot use it to PAY for GOODS/SERVICES in the foreign markets.it has to be Done In the DOLLAR CURRENCY.
So for Nigeria to do business(irrespective of who is in Nigeria).it must have DOLLAR EARNINGS AS CASH DEPOSITS.

if Nigeria does not have DOLLARS.it means it is on its own and cannot do business or it will Borrow Dollars to pay with interests.

OK let us now see where the problem is!
1,Nigeria has dollars mainly from oil
2,Nigeria buys its cars,clothes, petrol,generators and holidays with dollars
3,Nigerian govt collects its loan from abroad in dollars
4,Nigerian govt is spending money to build light,road,airport,blah,blah and the work is increasing


then boom
5,Nigeria dollars reduce by half,oil money fall
6,everybody looking at each other looking for to blame and do nothing
7,CBN start blocking anything block able,leaves dollars for oil imports but every other import --- go find your own dollars
8,money investor see what is happening ,they step to one side

Thanks. In that case the government has correctly acted by doing No. 7 and stopping No. 2 & 3.

How would I respond to No. 8?
I will "YAKA" at the speculators and offer swaps to the true partner-in-development investors.

hinwazaka:
Everyone knows not to trust SW's with money. Even when their bank account is in the red, they will still borrow more to throw one more OWAMBE party. Hence this unintelligent thread.

If the SE is so great with money and economy, why do they troop to the "Zoo" to survive? And particularly YORUBALAND? Why are the biggest and proudest traders and conmercial gurus unable to bring common development to their land? Just asking.

WombRaiders:
The artificial pricing of the naira with no corresponding supply by the CBN is not in any way a measure of a good economy.

Take the stock market for example which has wiped off close to 3 trillion naira since may 29. That should give you a good indicator of where the economy is heading.

The Naira has found some stability after our policy makers have introduced speculator- unfriendly policies. If you say the Naira exchange rate is artificial, that logic suggests that the stock market depreciation is also artificial thus cancelling out the exchange loss. So no problem. By the way what do you attribute the stock market depreciation to?

baralatie:
you don't know what your naira is worth.what you are seeing is forex price controls against further devaluation.

So please what would have done given the circumstances we are in? Would you sit back and watch your currency collapse? And almost instantly impoverish 90% if your countrymen and women?

I want to understand your position before I rain causes on YOU or Emiefele & Buhari.

hoobs:
they are slaves yet your ppl are disgracing themselves on the streets of their own land because of them

They have raised our awareness. We use to allow Igbos to do anything they like but that is coming to an end.

nnachukz:
He hasn't been in control of anything meaningful. Certain actions he has taken so far has been negative and against our economy and national unity.

You don't understand the issue enough to comment on it.

Labour should not relent.

ExInferis:
I'm quoting you here

henry boyo is one of few smart people who recognized that fat, flat-nose, flat head old igboe madam for the failure she is.

but then, nothing good ever comes out of the east.

May Allah in his infinite mercy bless you!

chukwudi44:
IBB would not be stupid enough to suffer the kind of humiliation Tinubu suffered on June 9.Tinubu was played like a kindergarten, deceived into camping at the ICC while the election he wanted to influence took place.

That is the height of political humiliation and defeat

Chukwudiot!!! You are back......in Yoruba land.

adconline:
Another willfully ignorant basking in the euphoria of sophisticated idiocy from his bottomless abode of misinformation

You are one hell of a stupid mofo. Why don't you emotional idiots stay away from a subject you don't understand?

Gosh!!!

ModiKen:
We would get back on our feet.

Fork all them whiteman lists, rules and regulations for financial development.

They are what brought Africa to its knees financially. World Bank and IMF comes to mind here.

We need to block all holes through which those thieves who have been in power or close to those in power keep looting us.

We would develop without JP Morgan listing.

We need to break free of these American and European organisations trying to determine our growth and development.

Africa its time we have our own currency; one currency for the continent as suggested by the late Mummuar Ghadaffi.

An African currency would go higher than the Euro used by member countries of the Euro zone due to the huge amount of resources and the endless investment opportunities on the continent

So they expected us to fold our arms and watch the Naira fall same way the Zimbabwean dollar fell.

CBN please continue protecting our currency.

We may feel it hurts now but on the long run we would see the benefits.

China is a shining example. Today the U.S owes China thousands of dollars.

Brilliant!!! Not only that, you may recall that they tried to play the same trick on Russia (imagine, big Russia!!) telling it not to introduce capital controls as that will destroy the Russian economy. The Russians promptly introduced capital control and that has no only stemmed the slide of the Rouble but that currency has recovered and its waxing stronger. The Chinese even closed a massive SWAP deal with Russia and both will accept each other's currency for trade settlement.

That fat cheeked, inferiority complex world bank clerk got us into these mess. As usual trying to impress her world bank bosses and clients not withstanding whether our country goes to pots. NOI started this and got us to this awful mess.

Obasanjo gave us NOI and Jonathan. The man is from my village but I despise his guts.

They will all rush to the South West - the richest, juiciest, livable, arable, enjoyable part of Nigeria.

Cant see any true Omo O'dua going to the SouthYeast.

OfoIgbo:
Well, he has chosen to surround himself with his fellow hausa-fulanis and Yorubas.

The economic muscle that the Igbo economic team has worked hard to build for Nigeria right from Obasanjo's administration to GEJ's regime is being fizzled out.
God help Nigeria if Igbos were to pull out of Nigeria.

The Igbo dominated economic team were publishing economic indices full of hot air.

We weren't producing anything yet we had an economy greater than S/African, Egypt etc. NOI was scamming us big time.

WombRaiders:
Nah now una know?

When your mumu president was visiting G7, Chatam house and Obama no be una dey say nah progress be that?

Why now are you complaining of western capitalists?

Watching to see you Muslim fools turn this to a Jewish conspiracy.

What exactly is your position on this issue? Please enlighten me, thanks. I hope you are not just being anti-Buhari for no reason.

GOOD MOVE, thank Emefiele.

They think we are accumulating all these Masters degree for nothing................. those bunch of racists.

CSTR2:
In four years time, we will gauge the damage this govt will have inflicted on the struggling economy.

You are definitely an idiat. You want our people to remain enslaved to western interests. If you dont understand what is at stake why not shut up?

WombRaiders:
Yeye.

Your own case pass redemption.

WombRaiders:
Another fool.

When your Buhari went to visit Obama in Washington you fools took it as achievement.

When your illiterate leader read a script in Chatam House , London you fools celebrated it.

When your boko goat attended G7 meeting in west Germany, you praised it as good times to come.

You see how no single functioning brain cell in that your empty Koran carrying skull case is working properly.

Jonadaftian please separate POLITICS from ECONOMICS.

If I am right your emotions and strongheadedness suggests to me you are from a certain section of the country - stop, think before you act. That could have saved 3 million souls if you get my drift.

woodcook:
Please if you dont mind can you explain to me how this is in Nigeria favors. Kindly explain its positive effect on our economy. Thanks

See your answer below

Kastonkastroll:
To hell with JP Morgan. must we be there slaves? We won't devalue our currency again not for whatever reason(s).
I think buhari intentionally didn't form his cabinet so that Nigeria will no longer be held back(economically) by this imperialists bond index markets.
Is virtually enough time we drastically reduce importation and increase exportation. We also need to start using what we produce locally. Funny how this western markets will want to flood our local markets with their products but won't like our products in their markets.

Whatever you do please ignore the empty headed ranting of idiats like WombRaiders

WombRaiders:
Fool.

Name one power station commissioned by your useless boko govt.

I would be worried if a 3 months old government is commissioning such an expensive long term project without firstly evaluating the government's financial position and financial commitments.

You want the Buhari government to be like my old friend who got married without sorting out the finances to look after the wife?

WombRaiders:
You are yarning nonsense.

Under GEJ , Nigeria was diversifying her earnings from the dollar.

This was the reason that the US wanted him out.

After the Duara goat was sworn in the CBN reverted back to holding all our foriegn reserves in dollars.

This is what I have been stating here for months on why the US wanted GEJ out!

This is not the end but the Begining of the end.

Expect your goat to further devaluate the naira, reduce civil service and sell half of the country to Western banks and institutions.

Your useless Amir Sanusi has since been appointed as African President of Black Stone Group and that CIA linked $500bn monster is already making moves to nudge the Chinnese out of strategic investments.

Sorry to say but you are an absolute dimgbat!! Why dont you go and do some thorough study before exposing your idiocy on this medium.

Sorry for the being rude you left me no option.

Too many Jonathanian illiterates on this thread.

In summary, this is good news!!!!

But only those who understand international politics and economics can understand. JP Morgan should shove their index up their backside!!!

hinwazaka:
It's so funny, that while the CBN and the FG, believe that market liquidity is gaining, the actual truth is that every monetary policy by the CBN, since May 29, has actually decreased liquidity in the markets and the financial institutions, by failing to increase the amount of cash the banks and financial institutions are supposed to have, aside that they can borrow to the public, despite the fact that their policies have reduced the amount of cash at hand for the populace. This directive by JP Morgan, and many more to come, will finally send our economy over the edge, thereby leaving the CBN, with no choice than to accede to the President's wishes to turn the pattern of our economy from a capitalist system to a central controlled economy. This will invariably kill Nigeria.

Nonsense!! You are Jonathanian - daft as a bat speaking international economics and politics, i guess you read The Economics and you think they are giving unbiased commentary and reports right?

biafranqueen:
STOP IT!!! You are part of the problem nothing like failed administration you people are not yet tired of destroying this economy with your propaganda lying liars you people are wicked!

You know nothing about economics so stick to your olosho job dear. Which hotel you dey sef?

basilo101:
at least he tried, he raised a simple question dat can be discussed logically. check the uncoutable treads opened by yorubas directly attacking igbos in a very meaningless way, dozens of such tread are opened daily, i hv not seen u in such treads with dis ur kind of preaching

Refugee please go to your fatherland. We don't even share border with you. Your gully erosion land requires your attention.

Bode George and the bastard Obas in Oshodi and Isolo allowing a Biafran to be representing your area. Kai Yoruba must wake up quick.