₦airaland Forum

Ndukings92:
matured man ranting, cursing and using abusive language on whoever that does not concur to ur ideology. I thought u were learned sef, mtscheeeeew

Apologies, no vex!

SweetDipBenny:
I get ur point ok but wat i dont get is u comin at me like dat. I dunno u u dunno me if it was in person u already b on d floor straight up

On the floor? Why?
Primitive man! Lack of self control and lawlessness. Later you will be saying Nigeria is a terrible country. You lawless irresponsible thoughtless bastards made it so!

Eriokanmi:
Eleriibu omo orun apaadi. You meant you had all the quality time to spew all these trash, bereft of reason just to discredit the dead. Shame!

Shut tfu! pastor worshipper

Grandeur4:
he slept with the lord in peace.. may God grant his soul eternal rest.. Amen

@57
You are all mad!

KEVIND:
Every one is coming up with all manners of fake story & news about Prophet TB Joshua. There's no service he didn't minister 2yrs ago.

That’s why he is now dead!!! 57 way too early. Miracle healers can’t publicise their own illnesses cause it’s bad for business!

Ndukings92:
there is time for everything, a time to be born and a time to die. A time to joke and a time to be serious

Fuuk off

EUROPEAN RACISTS AT WORK!

White people are the GREATEST enemy of the Black men......but Black men being the stupidest male on earth cannot see it!!!!

SweetDipBenny:
My life ain't miserable but wait y u switchin on me tho Is ur name pvssy

You injected the word ‘pussy’ into the conversation. I hate our obsession with pussy, it has caused the terrible downfall of the black man. All our issues, be it corruption, overpopulation, disorderliness, jaga jaga society, political instability, poverty, lack and insufficient resources. These can be traced to our over indulgence in the ‘pussy’. Have you ever been to any of the advanced countries? You would find pussy obsession as is common in Africa.

EmmanuelScott1:
The Nigerian Government met with Envoys of the United Kingdom, United States, Ireland, Canada and the European union in Abuja on Monday to discuss the controversial suspension of Twitter’s activities in the country.

Wtf, omo this shit sucks. These countries are heartless and wicked, so all the killings that has been going on in this country they can't hold a meeting for that but twitter ban is more important.

BUHARI IS USELESS

They play Africans for STUPID people. They only care about their collective “whites only” interest. They are through and through horrible racists, but the stupidity of BLACKS empower them so much.

AuroraB:
Your contribution here, got nothing to do with the topic. Don't you realize that nii
He erred and is being given his due recompense.
Who provoke you naa

Ok.......you are woman

Sorry Ma.

SweetDipBenny:
Mayb en go fvck.Pvssy have destroyed many people
I'm jus sayin

Yes pussyyy has destroyed your miserable life!

AuroraB:
Who asked you

Shut up, I did!
Marriage is indeed overrated. Having babies without means is torture for the foolish mum and dads, and the innocent child.

ACRI:
Good!

Deal also with Immigration officers doing passport racketeering

Mumu, go and bring video evidence of your allegations first. That is how the world works.

Qudsi:
You are irreligiously MAD! With your Schizophrenic and delusional madness. You spread around your infectious poverty and fallacious lies. Oponu radarada.

Scammer, oloriburuku, olosi! Go and scam vulnerable women of their hard earned money in the name of tithe! Awon thieves, ole pastor! Oni jibiti! Fraudster!

Qudsi:
Be careful of the false Spirits many of you Nairalanders listen to. Infact, Christianity should be credited for the advancement of Science in Western Nations but I guess you don't know your historical facts.

You are religiously MAD! Why don’t you just shut up and explain why we are in perpetual poverty and crisis. Ode!

jesusjnr2020:
"God has something to say
God has something to say
Listen, listen
Pay apt attention
For God has something to say"

All these deaths cannot be by accident.

I believe God's trying to say something to us.

God bless.

Go and ask your father!

Righteousness2:
The Greatest Gift to the Soul of a man/woman is a Genuie relationship with JESUS Befor you Depart this Earth.

It is not about how long you lived. It is all about not Departing without JESUS! Because No matter How long we Live or what we were or what we have, if we leave this Earth without JESUS, it would have better we were not Born..

Even if you Miss everything on this Earth, Do not Miss having JESUS Christ as your Lord and Savior .

JESUS IS A FXCKING WASTE OF VALUABLE TIME!!!

Let’s face it, 90% of Nigerian people are plain STUPID!!!
That’s the reason we can’t build a country. Tribe is totally irrelevant, we are just idiots on earth.

Kandeed:
I hope you can read and ur not dumb? Did u read me mention doctors?? Atimes dissapoint urself and pretend to think like someone who's got senses. If ur jobless n is hungry to see a medicine graduate teaching just say so and i'll mention a school u should check out in Lagos so u can cure ur cluelessness without dragging others along

Foolish talk. Liar!!!
Tell us the school where doctors/medical graduates are teaching!!! Pinocchio!!!

Lalami3232:
Chai!!! The rate with which horrible/bad news dey flood in continuously, even devil go dey jealous Nigeria .
The truth be say, the nation don already cast, E go hard to fit salvage anything at the moment. No matter who come in 2023, other groups must still frustrate am. Those mumu wey dey abroad and still dey say "Pls stay in Nigeria cus life over here is not easy atall", na devil go soda una left yansh. People for Iran or Afghanistan no dey see this much wahala wey we dey see so.

I don talk am before and I go talk am again "The day I go born girl pikin, I go cry like magun catch"

Foolish man, upon all the lamentations you still want to born pickin, dem take born-pickin curse you Africans. Born pickin, why?

Kobicove:
The fact that you founded the company does not necessarily mean that you're the most suitable to manage it when it grows to a certain level or when some conditions of operation change.

So, yes the Board of Directors can fire the owner!

Right and wrong. Depend on who owns the CONTROLLING shares!

Rugaria:
Fear fear pipuu...

For your Bia-anus mouth?

nelsonoba:
You're just an idiot! If you don't want to serve God, get out of the way for people who want to do so. Is anyone forcing you to be a Christian? You're just a baby Hitler in the making, but no one has told you.

STFU!

timesup234:
no hellfire. You are a mugu. Jesus is a bastard smelling Jew with dirty boxers fucccking little girls on the streets of Jerusalem

Gbam!!!!

The foolish Nigerians will not listen!

grandstar:
Nigeria used a flexible exchange system from 2007 to 2015. The greatest evidence of this was when oil prices started dropping in mid 2014,the Naira slid from 155 to 196 by May 2015 when Buhari took over. Though the price of oil halved, the Naira only lost about 20% its value.

Contrast that with Buhari's fixed peg. Despite dropping oil prices, Buhari held to the peg. What was the result? Because the CBN could not satisfy demand at 196, buyers turned to the parallel market in large numbers and very soon, a massive spread developed between the official and black market rate.

I know by January 2016,the official rate was still at 196 while the black market was 310. Is that what you want?

It is a myth that a mono product economy or an import dependent economy can't have a flexible exchange rate. It's even the best system for them.

Who told you that myth? It's not from any economic textbook worth its value. No reputable Economist will ever tell you that

Please get this fact: it's the market that ultimately determines exchange rate and not economists. You cannot fight the market and win. You will get burnt. Buhari thought it was wicked economists who fixed exchange rates and wanted to end the wickedness.

Despite his best efforts, the exchange rate has fallen from 196 to 410 today. It's even 490 at parallel which means it still has a way to go. Sanusi said that the difference between the 2 rates should never be more than 3% This about 20%.

Omohayek, 4play and blue3k are actually university trained economists on this forum and would appreciate their comments

You have not made any critical point here about how Buhari ruined the economy! You are merely speculating on whether one approach (flexible x) is better than the other (fixed peg).
In 2014/15 the Nigerian people & government were hyper sensitive to the exchange rate and a new Buhari government chose the fixed rate purely for political reasons ( I.e. to defend the Naira and stop it from sliding into a toilet paper within a few months). Unfortunately 200 Buharis cannot stop the currency of Nigeria (an unproductive, highly populated, totally import dependent poor country) from weakening. The Buhari government tried to avoid the political storm that would follow a rapid Naira depreciation hence they opted for the fixed rate to slow things down in the hope that oil price could recover before Naira hits the floor.
As long as Nigeria remains unproductive and it’s people continue with their mad desire for imported goods, Naira will forever remain a weak and worthless currency. Regardless of who is in power!

The people of Nigeria need a lot of reorientation. The alternative is to remain poor forever. And surely we should enforce a 2 children per family population control laws.

grandstar:
Yes, the Goodluck Jonathan years were aided with the high price of oil.

Nevertheless, if the policies that Buhari implemented upon his assumption in office, the awful weak economy we have today would have been the result back then

Since GEJ's term was aided with the price of crude oil, that's why argued if Buhari held on to the policies he met, growth will still hover between 4-5%. For the economy to do better, there will be need for structural reforms.

You're wrong to state the economy has very few options. It has too much options open to it.

First thing is to make the Naira flexible i.e go back to the forex system used before Buhari messed it up. This will easily add restore a lot of sanity to the economy. It will lead to an increase in economic growth to between 3.5%-5%.

The government will need to cut company taxes to 15% tops. This will not only increase foreign investment but local investment as well. Also, it will lead to a rise in stocks prices in the stock market. All these will boost business confidence

Also, lower taxes have been proven to improve revenues as people are more readily willing to pay taxes if they are low. Your tax rate is useless if people aren't paying like in Nigeria.

Next is to bring down double digit lending rates. This is the biggest problem holding back the economy. The high cost of borrowing is why business prefer to invest in sectors with high returns such trading. The real sector is worst hit such as real estate, manufacturing and agriculture. Dangote pondered how do you grow the agricultural sector with a borrowing rate of 20%?

To achieve low cost credit, government must end the Naira substitution policies which is the prime reason there's always excess money in the system which is highly inflationary and which compels the CBN to use high cost bonds to mop it up the excess. Since commercial lending needs to be above both bond and inflation rate, there's no option but to lend at very costly rate.

If business and individuals can borrow at less than 10%,there will be an investment boom which will definitely boost the economy.

Nigeria case isn't as bad as you paint it. China, with a billion people was desperately poor when reforms started in 1978. For the next 30 years plus, the economy grew at 9% on average. Today's its economy is 40 times the size it was in 1978.

India, with about a 1bn people started reforms in 1990 and this led to economic growth rates of 8%+ average for the next 20 years.

The right economic policies can make the economy purr again.

Ibedun

So, what were the economic policies China and India implemented that Nigeria has failed or refused to put in place? You need to be specific..........
If there are such policies then why have our leaders failed to do it!
Or do you just believe (as many foolish Nigerians do) that the current Nigerian president hates his people and desires to punish Nigerians and maim them with poverty?
You need to ask the question, why are these wonderful policies not implemented?
I am Confidently telling you that the FG’s options are very very few indeed.
You mentioned earlier about flexible Naira exchange rate and I LAUGHED at your inexperienced naivety.

Flexible exchange rate at a time when oil price was collapsing rapidly and we are recklessly import dependent! The Naira will be slaughtered and turned into toilet paper in less than 3 months!
O’l boy! you are throwing economics THEORIES around without checking their PRACTICAL application in the REAL WORLD!

Racoon:
I know RCCG members also contribute to this mystery Nigeria is suffering today.My bossom friend being a member was strangely equivocal in 2015 that Buhari will change Nigeria for good but where is the country today?

Foolish thinking!!! How can intelligent functional people expect one individual to change a country? You are all mad!! This is why you are all waiting for Jesus instead of taking responsibility.
The only people who can change Nigeria are Nigerians people only. Anything else na WASH!

grandstar:
There was fairly good economic growth during those years despite the huge corruption going on. Between 1999 - 2013, economic growth averaged 6% yearly.

If Buhari simply maintained those policies he met, the country's economic growth rate would hover between 4-5% yearly. Through out Buhari's tenure, it has not hit 2% in any year. Why?

It is down to his forex control policies.

Let me explain. Imagine $1bn was flowing I to the economy every month and the exchange rate is N200 to a dollar. Then oil prices crashes and only $500m is now coming in monthly, will the exchange rate remain the same or you'll pay more for dollars?

Buhari said it must remain the same. The docile CBN governor refuses to tell off the president. Lamido Sanusi bluntly told the president that this policy hasn't worked in any country in the world. Buhari no dey hear word.

There was no organic economic growth during GEJ years. Nigeria was just fortunately at the receiving end of a global oil price boom - simple! Just pure luck and that’s why we have been in trouble since the same oil price collapsed.
The FG has very few options when it comes to the economy, the country is economically very weak so our economic policies cannot withstand external pressures. We have 200m people who produce NOTHING!!! I mean absolutely NOTHING!!!
We import almost everything we consume. Invariably we are going to remain poor and live in economic hardship forever. I pity the coming generation.......we should STOP having children because we are only bringing them to the world to suffer!
We are unproductive, and financially reckless and stupid.
200m unproductive people is a serious baggage.

jaxxy:
It starts by awareness and reorientation. Even a street dog can relearn the proper way to act.

“Most” of Our leaders are very wicked, u behave like a tout or a lowlife instead of them to correct u and show ur real value by teaching and treating u better they take advantage of ur deficiencies and treat u like a tout, lowlife and even a dog. Hence these Nigerians who don’t know their true value continue to behave like touts, lowlives and dogs. They keep u that way so they can use u for their despicable activities and agendas.

Many Nigerians don’t know their value. They have been abused and oppressed for as long as they can remember. Don’t despise Nigerians, despise our leaders. All of them.

The people we refer to as “leaders” in Nigeria are not up to 25,000 in number. That’s less than 1/10000th.........and we are sitting around blaming “leaders”!

Beancounter93:
The Chinese and Russians may agree sometimes, but they are not that close...(and have even had disputes over their border in the past)

Also, China , while more advanced than they were 50 years ago are not necessarily up to the US level, especially in military tech. (eg they developed a stealth jet a few years ago, something that the US has had since the 1980's, if not earlier)Their space tech is at the level of the US and former USSR was in the 1970's...

Source? CNN?

jaxxy:
Every country on the planet has had problems and some even more serious than Nigeria’s own. We have just refused to do the right things. Some think it’s a quick fix by dividing, some restructuring, some 1963 constitution. I think whichever we choose we must strengthen our systems to work for themselves 90% independently and not with the influence and interruption of people whether of influence or power or what have u bt rather the Systems work by the instructions of the constitution.

You think the above is possible in a country full of people with questionable value, people full of superstitious beliefs and lacking in self and collective discipline? People who can’t engage in critical thinking?
I really don’t think so. Our poverty and condition is not a surprise! We are truly terrible, just look at the reproduction birth rate of people with zero resources?

grandstar:
Though I was barely a teenager in those days, I still remember newspapers dating to 1982.

In my first secondary school in 1983,i remember my mum everyday while going to work, ordering from the vendor "Times, Punch, Sketch, Tribune and Concord" and handing the vendor a one naira note. Each paper cost 20 kobo then.

Fast forward 1990 and a relative comes to Nigeria from the US and stays in my father's house. He complains Daily Times is now 2 Naira that when he was leaving, in 1984,it was 20k.

The biggest problem the country has faced in the last 40 years has been the wasted years of shagari, babangida and Abacha and it now includes Buhari's rule. Buhari ineptitude is a thorn to APC's flesh as many call him the "ill. ." word behind his back but need his massive and undeserved goodwill to win elections.

What about GEJ years? Abi something is wrong with your thinking faculty? Biased dimwit.