₦airaland Forum

superstar1:
Congratulations.

More power to your bombing.

Unfortunately PMB only needs to increase VAT to 10% and Stamp Duty to N100 and he will shore up his revenue.

PMB should declare state of emergency in Bayelsa and Delta with immediate effect and automatic alacrity , remove the Governors and let the Military Administrator of the 2 states be Buratai. This is bordering on economic sabotage, a treasonable felony offence. Hence, the SOE.

If they want to make the country ungovernable for you, make their homes uninhabitable for them too by turning their homes/communities to hell for them.

blackpanda:
That they are not bombing or opening fire on a large scale doesnt mean they are weak. The army has to contend with amnesty international, human rights lawyers and the international community, while NDA doesnt have to. But we are gradually getting to that point

Missonas:
Walai as I see am I say our govt hospitals they try

hotboz:
I'm non-acad staff. will help u confirm.

Holysholay:
AL step 1, around 119K for gross, about 106K after deductions

hotboz:
I work there. Will be of help with ur questions.

steadymind:
Why I support President Buhari on exchange policy

Many times my late father used to take a position on national matters which I did not understand. I used to spend long hours arguing with him on economic and tribal matters but he would simply stand his ground and be officious which was very annoying.

I had just returned from England full of ideas and I wanted to improve his business for him. This old man had sent his children overseas to study and he simply refused to allow us to practice what we learnt. He was happy to allow us to run the business but there were some "no go areas" which I did not understand.

After watching Nigeria for over 25 years and seeing the "boom bust" cycle happen twice, I now have a better understanding of third world economics and politics. I am now very weary of international agencies like IMF, World Bank and all these high sounding economists on CNN who prescribe policies like road side medicine peddlers who sell "cure all" medicines for all diseases.

I definitely agree with President Buhari PMB that devaluation of the Naira will only bring hardship upon all Nigerians and it will not solve the problem at hand. Any devaluation will only make a few richer and the masses poorer.

Engineers and Scientists follow an exact science. When they advise you on certain steps in a sequence it is possible to predict the outcome in a deliberate way. An Aeroplane will always take off and land with such certainty that we are willing to take the risk of flying even for holidays. The same thing applies in the medical field. Engineers and Scientists are all able to prove what will NOT happen with some accuracy and they will back up their position with data and research.

Unfortunately Social Scientist and Economists are not in the same business. They are busy peddling their trade of faulty medication all over the market place without fear of reproach. They occupy all the news media like CNN, BBC , CNBC etc and spend hours analyzing and advising people, companies and countries on economic policy and even political policy. They are quick to advice on Syria and Iran but when it fails they simply move to another topic without anybody calling they to order.

They are also quick to advise Egypt and Nigeria on currency Managment but nobody notices how they have failed.

Egypt is now suffering from this misdirected policy while Nigeria was saved this embarrassment by the steadfastness of our own PMB. Please read the article below.

http://www.reuters.com/article/us-egypt-dollars-blackmarket-idUSKCN0XI1W9

It is likely that a wise president would have posed the following questions in the event of devaluation :

1. Will Organised labour ask for an increase commensurate to the inflation figures... ? Yes
2. Will it increase production and export? Definitely but not in the near term.
3. What is the predicted gap between the parallel rate and the official rate after devaluation to say N280 to the dollar? (No one knows)
4. Have the prices of goods and services doubled since the parallel rate has practically doubled? (NO)
5. Will the prices of goods and services double once we devalue to N280 officially? (definitely)
6. Will it cause widespread inflation? No Brainer.

PMB said on Thursday that he is not convinced that devaluation will solve our problem. This article reinforces his position.

Where devaluation is not matched with increased supply of dollar on a "willing seller willing buyer" basis, in my opinion will not solve the problem. Therefore we should avoid it unless we are sure devaluation will increase dollar supply. It will only increase poverty for already the impoverished Nigerian.

Yes it a well known economic principle that devaluation encourages export. But in the short term, there is nothing to export. The few exporters we have already bring their export proceeds through the back door and sell on black market anyway. Besides as my father said Nigeria already suffers from some cultural and structural defects that can not be fixed by international economic "Dictaks" alone.

If devaluation brings this difficult outcome for Egypt, it will surely be worse for Nigeria as we are NOT structurally diversified as Egypt. We are far more import dependent than Egypt.

Another proponent of devaluation are the state governments who think they will benefit if we devalue, thinking they will have more naira to pay salary and provide social services. But I think it will short lived . The resulting inflation will wipe out the benefit in no time.

I support PMB on devaluation. Perhaps we should take our time to observe the patient before taking the surgeon's knife to start an operation where we are unsure of the final outcome.

Perhaps creating a third tier interbank rate that allows people to inflow funds to settle expenses ,credit cards bills, school fees etc will reduce the pressure on the roadside market. But the transactions should be subject to international rules and anti money laundering AML rules. Spending money on Amazon, Konga, and other online purchases up to a limit depending on the category of customer . A limit of $500 per week up to a maximum of $4,000 per annum will definitely be enough for many young people and it will prevent people from buying cash on the road side to pay international fees ACCA annual dues etc. This will greatly reduce the pressure on the currency for now and it will satisfy the majority of normal people who do millions of simple transactions daily. It will also allow many people to remit funds to Nigeria for their family and friends.

Copied.

mrvitalis:
The truth is this oil is no longer the life line
Oil will contribute less than 1 trillion out of the 6 trillion
Ordinary 50 tax on current account will yeild 2.5 trillion... Just the court case preventing access to the found
The only thing we need oil to rebound is because of forex

mrvitalis:
First of all this people are fighting only for there personal interest and they are doing so because government paid the once that did this before..... If government negotiate what is the guarantee another group won't come out tomorrow? Asari to his share to build university outside the Niger delta, tompolo bought a private jet, ateke bought countless Estate in lagos and Abuja and so others.. .. Which of them built a hospital for there community
Niger Delta collects 13% from oil take from her land yet are we 13% more developed?? Where is the money going?? These are the questions people should ask
Supporting this guys is foolishness in it highest other
My thoughts tho

Blizzy9ja:
I can only imagine how embarrassed and disappointed this man feels right now

MaziOmenuko:
Did I not say it? I told y'all that this is not feasible. I said it that once these marketers are done selling the old stuffs they've got, we will be back to square one. The fg goofed by putting fuel price at the mercy of forex. Once dollar prices increases, fuel price will definitely increase.
Once the marketers can't get cheap forex, they will fold their arms and expect the fg to either provide forex for thenm, or allow then sell at their desired prices.

We are in for a long thing!

Day11:
This one is Nnamdi Kanute

rattlesnake:
is that how they spell indefinite

kingkakaone:
guy sharap if u nor get anything to talk abeg.
d day PDP win make den witch hunt their perceived enemies, at least that will balance the political equation.
so u mean u are in support of those money collected from CBN?
is the CBN PDP's personal account?
am not in support of anyone but let whoever is in power probe the other and at the end everyone will be afraid of NEMESIS. thank u.

olawalepopoola:
My Father is Ibadan, My Mother is Ogbomoso, so I am a fully Oyo. This woman is a fututre governor in Oyo state. That road was awarded some 30 years ago, it was abandoned and re-awarded in 1999 during Obj tenure. After Obj tenure it was abandoned by subsequent government. They only completed Ibadan-Oyo and Ogbomoso-Ilorin expressway, abandoning Oyo-Ogbomoso part. After completion, travelling from Ibadan to Ilorin will be like 45 minutes. If she can do it, APC is sure to win Oyo and Ogbomoso area. With Ibadan inclusive 2019 election is a foregone issue for APC

mikolo80:
how is he useless.can you read and comprehend?he is saying its too much.why are you foaming

Speaking at a town hall meeting in Kaduna on Tuesday, Dambazau said his ministry is searching inward to see how it can harness some revenue sources in the sector to complement government’s efforts.

idensko:
68% fuel price hike + 45% electricty tariff hike + 100% VAT increase + 9% airtime tax + 100% Naira depreciation.

All on 18k minimum wage.


Nd u pple re telling us dat u were ammbushed

Nd reconvene on Friday, u should b taking action by now.

hottathanfire:
You can't eat your cake and have it....Unless you are a magician.

if it is absolutely impossible for you
to take a day off,
1. fall sick intentionally and the hospital will be ur interview and show up at work the following day looking healthier than all your co-workers

2. lie that your mum's mother sister paternal grandma died (the idea is to confuse him) and that you are suppose to dig the grave according to tradition or the consequence will be that your boss will die in 7days (the idea is to give him knockout that will make him give you one month off)

And if these didn't work, then read my first sentence again and resign if it is worth it cos you will create a job for another job seeker. GOODLUCK!!!!

nathandrake:
and where does the majority of the farm products produce in the north end up?

seunmsg:
No wonder he keeps attacking the president on every matter, he's just another corrupt scumbag in the legal profession. EFCC should prosecute him diligently and ensure that he's imprisoned. The judiciary must be cleared of all corrupt practitioners.

sherif4owo:
Lesson: woman/bride/wife/gf/bae/girl know when you should ask for money from your Man/groom/Husband/bf/boo/boy

Save a soul