₦airaland Forum

Good morning Putards

Ruble reaction to CBRs massive Interest Rate hike to 12% has been weak so far

Shall we go to 15%?

afrodoc2:
I think you got the prices wrong.

In 1994 that 20 naira should get you at least 2 bottles of coke and meat pie. Maybe 2 meat pies sef.

Crate of coke was about 300 in 1997-1998. A bottle could not have been 50 naira. More likely 20-25 naira.

Yeah I think you're right. I forgot my daily pocket money also covered transport fare

I got N20 pocket money per day and that covered one Coke, one meatpie, and two buses home. I know the buses were N5 each making N10 for transport fare, so N10 must have covered Coke and meatpie

Meaning 1998 price for Coke would have been N20.

raumdeuter:
I entered in the military days. I cant remember the price of coke but I remember 1 wrap of fufu was N5.

Actually you are wrong I remember 1 bottle of harp was N35. So Coke cannot be more expensive than Beer

I think Coke was definitely N50 or N30 in 1998

In 1994, N20 buys me one meatpie and one Coke everyday in school, so start from there and build up

That said I support increase of tertiary school fees with scholarship for the top 5 or 10% JAMB scores and targeted courses like Medicine or any sciences where the country is lacking manpower

You don't need more than this to run a society successfully

Theflint1:
From what I saw online sef, the minimum wage had increased since 1991 sef, from 250 to 450.

That's even crazy cos my primary school fees was already well in excess of N1k by 1991 and it wasn't an elite private school. So minimum wage was definitely lagging massively behind reality even at then. Maybe something they pegged super low so serfdom in the North could stay within legal framework

Theflint1:


In fact in year 2000, the minimum wage was increased to #5,000 per month.

It might be true that minimum wage was N250 when he matriculated in the days of Abacha which will be 1997/98. The increase to N5k in 2000 shows the reality of what Nigerians were earning and the cost of things. Perhaps reviewing minimum wage was something military Govt had not paid attention to for years. I remember buying one pair of Okrika jeans for N300 from Isaac Boro Park bend down select in 1994, how can someone live on N250 four years later

Theflint1:


In fact in year 2000, the minimum wage was increased to #5,000 per month.

So if Dayo went to school when minimum wage was N250, did he go to school in the days of Peter Obi and Peter Odili?

raumdeuter:
Minimum wage is an indicator of the purchasing power of the people. A worker who earns 10000 can only spend 10000

Whether its in 1970 or 1990 or 2023.

Its the money people earned that they will use to pay school fees, A minimum wage worker in my time used 8 times of his salary to send his kid to Ife, you think that was easy for him?

You see why your argument is not supported by numbers but by emotions. I can go ask my uncle you bought a brand new car for N1500 so why cant I but a car with N1500 today

Minimum wage in your day was out of sync with the median wage. Bottle of coke was already retailing for N50 in 2000 when you went to Uni, so unless you are telling me many Nigerians earned the equivalent of only 5 bottles of coke, the minimum wage was arbitrary

raumdeuter:
At every polling units all party agents get a copy and they can forward to their party collation center to compare with INEC

LP agents all over Nigeria got their copy

Then present your copies which should match the ones other party, INEC and police got and let's compare how you got your numbers

LP don't have that structure

In many places they were missing agents

In places were they had agents (except for SE), their agents were easily compromised by money or intimidation

Common N200k will get most LP agents to sign off at PU. If they form strong head like DonJ, imagine when Ateke boys hit the PU and offer them silver or lead

It comes back to "structure"

liveLongNprospa:
Atleast we can all agree that if GEJ really wanted to, he would have been president and heaven won't have fallen at all😁

Heaven would have fallen. He's from a minority tribe and had too many bigwigs against him. Only bigwigs in his corner were Wike and Akpabio

Ballzproblem2:
Chelsea asked midryk to tone down his work ethics.

Less gym work, more ball work to get his touch right

Amoto94:
His movement, hold up play and shooting are all good, get him the ball and he will score for you. Haaland doesn't dribble but he gets the job done this is a direct comparison with him but just to show that you can effect the game without being a good dribbler or a decent touch

Haaland is a dribbler if you push him to it. There was a time at Salzburg he attacks from the wing

Amoto94:
I won't use his AFCON performance to judge him he has shown that he's quite a handful player to play against in Bundesliga as well as EPL so far scoring against decent teams in the process.

Touch and dribbling no dey.

Amoto94:
John Terry has verbally agreed to become head coach at Saudi side Al-Shabab FC.

{Sky Sports}

Ferdinand brothers racism allegations really sabotaged this guy post playing career. Even in media, we no dey see am

Amoto94:
Don't fancy him?

No, completely unimpressed at AFCON

Amoto94:
Chelsea asked about Nottingham Forest striker Taiwo Awoniyi 48 hours before the transfer window closed.

- @TheAthleticFC

God forbid

Nothing new here. All his transfer windows were irritating at Chelsea

iamoyindamola:
Good for him
Why he no stay one place
Did you see how greenwood they gain recognition, na person way even commit be that
The president is going nowhere

BlueRayDick:
He don collect because he cross carpet , he no stay one place .

The FA president wey commit still retain his seat for now

Make una dey there. Na interim President sack am. Rubiales been dey beat chest say he go offer am bumper new contract. This man is the source of all Rubiales woes. Rubiales sef na mumu, you are President of more lucrative mens team, you decide to die on the hill of women's coach. That's like FA President putting himself in danger over Under 17 team matter.

seankafor:
The coach gets the fall

BlueRaydick, Iamoyindamola

raumdeuter:
NNPP expels Kwankwanso

When will PDP have the balls to expel Wike

Expel your cash cow?

GloriousGbola:
unless the governor gets out from under wikes thumb, it will not happen

Atiku is not going to finance PDP

las las, PDP will become SS party imho

Even Simi won't be dropping dollar like before. All investment must have returns. Even Delta boys will pull back/reduce because future no dey

Olowunl01:
He initially stated $50billion, then revised further downwards, even you sef agree that the downward figure sef doesnt add up, so for a whole CBN governor that was reckless, hence I believe he shouldnt be the one giving us sermon without much as an apology, his credibility is tainted - no where in the world he keeps his job.

If he had integrity - he would have apologised immediately and tendered his resignation; even in the streets such inaccuracies led to plenty dead bodies.

And regarding NNPC stealing money- shey na today yansh dey for back? Wait make dem open saint Buhari NNPC book



https://www.businessinsider.com/nigeria-is-missing-50-billion-in-oil-2013-12?amp

https://www.nytimes.com/2014/02/21/world/africa/governor-of-nigerias-central-bank-is-fired-after-warning-of-missing-oil-revenue.html

LordAdam16:
But the damage was done by the fictitious $50B sum.

He cannot plead ignorance. He knew exactly what he was doing when he spouted that figure.

Needless to say, that mismanagement excuse is pure capping.

The CBN recently revealed they'd not received sales revenue from the NNPC going back to August 2022. Should Shonubi announce that $50B is missing? Should Powell say $1T is missing because the Pentagon has never passed an audit?

Should every Central Bank governor in the world start promulgating imaginary numbers under the guise of criticism.

GEJ should have locked Sanusi up for the remainder of his term for that stunt he pulled.

That stunt by the way is why successive governments will, without exception, keep him at arms length. Dude is a walking grenade.

-Lord

Can't argue with the above.

Olowunl01:
Chief leave that thing; you are a numbers person - no way a whole CBN gov would chat shit about figures, NOI challenged him, was waiting to see if 8years of Buhari would turn up the missing $50Billions God knows the country could do with such be found right now.
Nobody is saying stealing wasn't or didn't happen, my gripe with SLS is at such level and in such a sensitive role you cannot get these wrong; worse still alaye is prancing about no questions asked, no apologies? SLS too is accursed of corrupt enrichment so make him no come dey preach or bobo us.

It wasn't 50 billion, it was 18.5bln, and he didn't allege it was stolen, he included mismanagement. The truth will be billions though not 18.5

BlueRayDick:
When Buhari was borrowing Nigeria the country into debt I wonder Why Sanusi's voice was not heard then o. The funny thing is APC supporters were justifying the borrowings back then that it is needed for economic growth, development and infrastructures.

When Dangote his kinsman was getting dollars at subsidized rate for his private business we no hear Sanusi's voice o.

I always shake my head when I see an elite advise commoners to endure hardship; like these people don't even understand the extreme hardship the commoners are already going through

You are just being facetious or blinkered

Sanusi criticised Buhari almost from the jump

https://www.premiumtimesng.com/news/headlines/216976-emir-sanusi-blasts-buharis-30-billion-borrowing-plan.html?tztc=1

https://www.bbc.com/news/world-africa-35522635

https://guardian.ng/news/sanusi-criticises-buharis-economic-framework/

Olowunl01:
SLS was the first set of psycopants with his $50 billions missing BS; he was part of the gang that gave us Buhari; we don't need his preachment.

Being a critic does not make you a partisan. People like Gani, Fela, SLS criticise every single Government. SLS still could not keep his mouth shut about his Governor when on Royal Stool knowing he could be dethroned. If Dieziani was not in lockup in UK now, your criticism of his whistle blowing may have merit.

Kimbeast:
Not accurate. Tony scored 16goals from Open play last season while Odeggard scored 15.

Close enough

Oasis003:
“I have been, over the years, talked about the pending crisis ahead of the current economic hardship. Any economist who has studied monetary policy in the last eight years knows that Nigerians will fall into this difficult situation.

“The difficult situation Nigerians are facing is just the beginning (if the right decision is not put in place) because Nigeria is not exceptional; such situations happened in Germany, Zimbabwe, Uganda, and Venezuela.

“The previous administration has turned adamant about our appeal for corrective measures (on the economic policy). I have said in the presence of the now sitting president in Kaduna state, any politician who tells you that things will be easy, don’t vote for him because he is lying. People merely dismissed my advisory as a political statement.

“If I am to be fair and just to President Bola Tinubu, he is not to blame for the current hardship; for eight years, we were living on a fake lifestyle with huge debt from foreign and domestic debts. The Central Bank of Nigeria owes over N30 trillion, which resulted in debt service surpassing 100 percent.

“I can’t join other Nigerians criticising Tinubu on the current economic hardship, and I am not saying he is a saint free from wrongdoing, but in this current economic situation, President Tinubu is not to be blamed. I will also speak if I see any wrong economic policy of the Tinubu administration in the feature.

“It’s injustice for anyone to blame the Tinubu administration for the current economic hardship because there is no other alternative than the removal of the fuel subsidy. After all, Nigeria cannot even afford to pay the subsidy.

“(In the last eight years), the Central Bank continues to print more money, and the Naira continue to depreciate. There is too much naira in circulation because the CBN is printing the currency without restraint.

“The economy was poorly managed, and they are not willing to take advice; in the last eight years, apart from sycophancy, nothing has been done; those sycophants are those buying the dollar at the rate of N400 and selling it at the rate of N600 to N700.

“A boy who has no record of service has a private jet and owns houses in Dubai and England just because he is buying Dollar at so so a rate and selling them.

“I can only plead with the people to endure the hardship, and those who have the means to help the downtrodden should do so.

“I am also pleading with commoners to live according to their earnings; we must not peg our lives above our earnings in this difficult situation where people are looking for what to eat."

- Sanusi Lamido Sanusi

Na the crux of the matter be this. Follow the numbers and you will know the prognosis for Naija. The country done cast

Ballzproblem2:
toney is good

At penalties or what? He's a mid striker. Remove penalties from his record and assess his impact. Less goals than Odegaard from open play

monerozi5590:
On this day September 4, 1998 Google was founded by two PhD students. Larry page and Sergey Brin.

The greatest company ever created

BlueRayDick:

https://www.youtube.com/watch?v=En1Wz5ceaIo?si=8KH2QBlRbLXjPBx6

It’s not an exaggeration o, the guy is almost everywhere. He paces along the touchline like a coach and always scanning for any danger that might come to Messi . He even enters the pitch immediately the ref blows full time and gets to pick h invaders before the security/ stewards do. He’s a former US Navy seal .

The real CSO

Melvyn11:
I have put the album on constant repeat this past week to see if it will grow on me. No hope

If something is wack, it's wack. Never understood why someone will want to make wack music grow on them. Is that not self indoctrination?

Melvyn11:
This Burna boy new album nor follow at all.

Burna is tired and overworked from touring. He needs to get other writers on board. Even his voice is needing more synthesizer than usual

timbros:
Double Chelsea defence make una line up this side

Ibime stand for front.

Nottingham forest is the only defence that hasn't conceded so far, so unless you have Forest defender instead, no shaking