₦airaland Forum

You all killed and raped our collective wealth and are flauting it to our faces. I wish you long life so one person will come into power and prosecute you

9japrof:
I don't support buharis style of leadership Buh I think I support his stance on devaluation. Devaluing wouldn't help matters or make things better than it seems.

from the moment you start receiving bailouts from these stupid European nations, you are doomed forever ask Greece.

my reservation is these "thiefing" politicians

yes mate. Have you cared to wonder why these people do not invest in real sectors of the economy like power and infrastructure. They only invest in capital market where they can pull out cash when things go south leaving us to our woes. Am only sad that the politicians are bent on living luxurious life in this hard times. If we all should tighten up and face the situation squarely eliminating corruption then our economic style will be taught at harvard

What many fail to understand is that all these foreign donors are business men and women who need customers and will go about scouting for one just like someone in alaba. Once they sight a potential customer, they move in with business proposal and plan and if you refuse they will use the media. As you pointed out why did they not help us plan on saving or invest in our economy when things where okay, they allowed us to sink before offering to help. Greece is an example of what they can do to an economy. Why not invest in real sector of the economy and not the capital market. They are quick to point out their loses in the capital market but we do not hear of the gains

omonnakoda:
Devaluation would make sense if it attracts long term investors.
A simple example a house in Nigeria costing 25 million Naira before the oil shock would have been $150-160000
That same house would now be $75-80000 but these so called investors are not satisfied.Having smelled blood they wish to browbeat the government to submission.
Still they are only interested in investing in the stock market. a pump and dump strategy. We do not need those kind of "investors". Their main concern is a very liquid market in which they an jump ship and take out their money very quickly at the slightest sign of trouble.
we need long term investors that will bring skill transfer and infrastructure development and we have that in the Chinese. We don't need vulture fund "investors"
Our currency was stable under Abacha with oil prices under$20 and zero reserves. That tells me that many of these economic theories are guesswork.They did not stop the 2008 crisis. How come when we were sellin oil over $100 IMF never advised that we strenghten the naira. Even then we were devaluing from the 80:1 we inherited from Abacha

What many fail to understand is that all these foreign donors are business men and women who need customers and will go about scouting for one just like someone in alaba. Once they sight a potential customer, they move in with business proposal and plan and if you refuse they will use the media. As you pointed out why did they not help us plan on saving or invest in our economy when things where okay, they allowed us to sink before offering to help. Greece is an example of what they can do to an economy. Why not invest in real sector of the economy and not the capital market. They are quick to point out their loses in the capital market but we do not hear of the gains

9japrof:
simply put we continue with the status quo, I don't trust the west, they are crooks, many nations of the world that are challenging em economically ignored western advice and are doing well on the world stage, look at Iran, China, Russia and Libya under gadaffi

am happy people are getting enlightened about our economy. The day the president devalues our money, he will lose my support. We still have many things to import especially power, machines and man power

Intrepid01:
TonyeBarcanista, Navierstokes, AzeD1, jmichlins can you guys enumerates with specifics the pros and cons of devaluation.

Please tell us whether we will be worse-off or better-off for it. This is the best way to analyse this issue without emotions.

you devalue to increase export right now we have nothing to export. We still need to import basic infrastructure like power so no gain in it

Pidggin:
Gutter economics is what is being practiced

care to teach us that economics you were taught at harvard business school since you know

TonyeBarcanista:
SAP flopped because IBB mismanaged the whole thing for his selfish interest.
Already, businesses are operating on a value of the naira that is over 100% more than the official value. in fact, the naira is technically devaluated due to scarcity of the dollar. What we are saying is for the government to allow the naira to be officially devalued so that businesses can freely operated. This will even boost our export as our goods would be cheaper in the international market, and that would help local economy.
however, it will make import more expensive but we can't depend on import forever

please can you tell me and others that single produce you want to export that will become cheaper as a result of devalution. Believe me economic theories do not work for us because we operate an economy that is yet to be studied or should i say ignored so the second colonization can work

Comparing nigeria with russia is not only stupid but height of foolishness. What do we export to earn the $ apart from crude oil? Our banking sector are on the brink of collapse and it seem devaluation which will leave them with lots of almost worthless # then what next if not borrowing from IMF and her partners. Believe me the worst has already happened and we survived. No power, no fuel, high inflation what else are we expecting to see. Many states have problem paying salaries with the current minimum wage now imagine what will happen when we devalue and NLC seeks more salary. Strike action will cripple what remains of the economy. How then can we pay for the loans that IMF and her partners will give us

timilinda:
I hopevu knw that this man did that boy a favour by cutting off only his hands? In some communities he would hv been lynched as well thereby loosing his life too! That boy would've upped his game to become a full fledged armed-robber.

prefer death to this. Believe me this boy will become hardened cause he had seen it all.

I know what he did was wrong but being an adult there are better ways to handle some issues. The man is a beast

Please i read this but could not understand it. Who cares to explain

I will take a ROLEX presidential model watch any time any day. Of what use will a watch with four time zones when i can be at only one place at a time. Already every phone can tell time of every country in this world

By the time i push yuan ¥ into the economy, the parallel market will be selling lower than CBN

Only a fool will celebrate this cause we all will suffer it. The president and and political elites do not suffer the pains caused by sabotage. So jumping up and down because of this amounts to heavy foolishness

This man has balls that makes me wonder if we are talking about nigeria institution. Imagine him telling someone that he has discretion to choose a case to hold and stand down. This guy will go down in history as a definition of bravery but thanks to PMB cause he made it possible

The will of the people has come to stay in nigeria. The earlier some people know this the faster their wailing will stop

michelism:
I need your WhatsApp number, so that we can talk better

using one china phone that can not such app.

The way nigerian girls are wired makes them think they are doing the guy good by having sex with him. Virgin ko prostitute ni

Poverty is indeed worse than devil. Their brain has being wired to think only about the stomach and not the future

chukwudi44:
see yeye philosophy!! leave APC Ciminals to continue their looting while PDP looters arte been hounded!!! change indeed!!

and i have seen your smart brain in action. Let them walk free with siren waiting for APC to complete their kill so they can comeback for their own share and circle continue while you sing their praise in this (global warming) enhanced sun

chukwudi44:
I am not the one supporting Fashola ,minister of corruption

i do not support him either but running around telling us these men and women are free from corruption one will begin to wonder what has happened to our collective wealth. APC must have their field day of being the victim but now let PDP be purged so they in turn will purge APC at the end of the day we the citizens will enjoy the dividends of democracy. If every politician will be afraid of witchhunting then corruption will reduce in the political scene and once that place is a bit clean every other sector of this nation will follow suit

chukwudi44:
she is far better than Fashola,a certified thief and inept power minister

does corruption flow in your vein? Why must you support anything that breeds and stinks corruption. Your support for PDP has been duely noted but corruption? Too bad!!!

Anambra PDP are very smart who understand that you safeguard the land before the mat. They front as many candidates as possible in the name of faction to against one candidate each of every other party. Each faction will gather votes from their respective stronghold and by the end of the day, the party will be declared winner then they go to determine the authentic candidate.

Na so him go dey sleep till he is sacked from senate and then straight to jail then some fools will go about protesting sadly they are my kinsmen

michelism:
Sorry that I didn't check on this topic for a whlie.
Where do you stay?

am living in anambra state nnewi to be precise. Good morning and welcome back

Very necessary following the stupid tweets coming out from that handle. You guys need new publicity management team for better opposition

These guys love them young and beautiful. Imagine writing those names in waec exams na to borrow extra paper

kooletsa:
my over heard me telling my elder sis about my physics exam that it was hectic but the teachers helped us with some expo. as i was converting with my sis he came in and said what then have they been teaching us and he is paying for so he said he will go to the weac branch here in kaduna what should i do?

he is reporting your school because of your english not because they helped you guys. You are converting with your sister

BusayoXXX:
I want to unbrand my Sprint S5. I can't make use of 3G. Just GSM. I want to change to a S5 not affiliated to any brand. Anyone who can do that should contact me on WhatsApp 09039121698

i think you should flash the international rom and contact sprint to unlock it for you if its not flagged

Sanchez01:
Almost every news agency in Nigeria is politically inclined. Most of them are either owned by politicians who control them via a third person, while those that are not owned directly are being financed and sponsored by politicians. It is really hard to see media houses being independent without being answerable to anyone. To be honest, we don't need too many of Sahara Reporters around. Just them and Premium Times are okay for us. Too many of SR in Nigeria would likely tear Nigeria to shreds.

you just confirmed what i said earlier. Talking about media houses being controlled by government and individuals, it is same all over the world. Take america for example, clinton is accused of controlling cnn while giving no or only negative information about sanders so much that americans renamed it to clinton news network(cnn), the foxnews was so critical of obama administration that he granted them only one interview since 2014. It is not unique to us

Sanchez01:
How they figured the man out and got his Twitter handle is what I'm yet to understand. A foreigner also tweeted, claiming he's just getting to know about paid protesters for the first time You will fear fear.

if other news channels will be like them believe me we the citizens will charge up and demand true governance. Though this may cause a revolution and believe me nigeria is not ready for that yet cause with recent herdsmen,opc,ipob and militancy issue, it will degenerate to ethinic cleansing or worse genocide. We are yet to have an idea of the type of nation we wish for. You hear of american dream and stuff like that but we do not have such here making us go round and round again and the politicians know this but will never talk about it