₦airaland Forum

GhanasexWorker:
Please dos coming to Ghana should Call me for Intimate Pleasure. +233244355419

FKO81:
Three Anambra women that own private jet
* Stella Odua Former aviation minister, CEO SPG
* Dame Felicia Okoli CEO Armak group of companies
http://petroleum.armakco.com/
* Uju Ifejika CEO Britannia-U
http://leadership.ng/news/388734/nigerias-rising-female-oil-tycoons
Nigeria's growing number of female oil bosses - BBC News www.bbc.com › business-29127436

Anambra owns the hight number of Private jets in Nigeria
http://www.newsbreak.ng/2015/06/most-nigerian-millionaires-jet-owners-are-from-anambra-obiano/

Yanks101:
Alakija is a greater thief and a greater danger to your country.
Her oil wells corruptly acquired are enough to give every Nigerian a decent life.
But trust Nigerians to be too scared to go after the real enemies.

I agree she was wrong, I agree that it was their fault, however what is done is done and we cant fix past mistakes, we need to move forward with the people here now. she was following consensus(see above) very few people called the crash, people tracking shale could predict the crash would occur. However a lot of people in the industry stuck their end in the sand .

One of the things helping the subsidy is reduced price of oil, however until that subsidy goes away no local refiner of oil is likely to make money unless government buys all their refined product or unless they export it, think of that for a minute, Flawed demand and supply. However the current set of bureacrats are making the best out of a bad situation, as we also know... Our fellow Nigerians will take to the streets violently to protect their low priced fuel price, not realizing that for supply base stability and easily predictable prices, that price must be allowed for float.

I think my thoughts and yours are converging at the same point, we must resolve our manufacturing issues. I actually believe in the protectionism (banning forex for certain goods to be imported, raising tariffs, outrightly forbidding some items) this pushes the local manufacturing base, at the same time we know some are lobbying for this to go (the corruption aspect).

Big ideas were bereft in the last administration, I myself do not trust any administration to resolve endemic issues. I believe they have to take their hands off and turn the economy over to the people, let us solve our problems, let government simply put the right conditions (rules and regulations). Power would be resolved today if it was 100 % privatized (generation AND distribution), I believe same for fuel supply and manufacturing. How is this for a big idea. Transparent, Open bids for everything, no subsidy on fuel, limited capital controls and high protectionism to facilitate conversion from import based economy.

FreeGlobe:
How much does yorubaland generate?

CyberWolf:
You don't get the tactics..What IPOB is doing is trying to wake up the Biafran consciousness of Ndigbo and it's working out perfectly..Once the consciousness is charged, the next stage is employing the processes of UN's " right for self determination" ...Just relax and watch as the game unfolds..

Hakagure:
@jpphilips

Thanks You sir, now we can get to the real issues.

I am not blaming anybody, the Igele wearing finance minister did not forecast the price of Oil very well. The issue with a manufacturing base are multiple (Electrical Power, corruption, regulations and bureaucracy, protected internal markets)some innovative folks are doing what they can but lets not even get into labor relations. There are solutions, they just need to address the right problem, the forex situation is a symptom of an underlying malaise which can be resolved much easier than manipulating the currency via subsidy, manipulating the currency via controls and fiat actually discourages the resolution of the other issues, how can we say we want a manufacturing base and have capital controls? Where is the financing going to come from? bureaucrats running day to day financial operations instead of demand and supply, a recipe for disaster.

Stating the obvious? More like facing reality, a long slow decline vs a quick one, thank you very much I would take the latter. Our problems are not Zimbabwes problems, we are not a heavilly sanctioned, isolated pariah nation run by a despot who cares more about prolonging his grip on power more than he cares about what his people are going through, and who by the way believes in the power of government controls, price regulations and redistribution of wealth, he really does hate capitalists.

We do not have a forex problem, we have a Balance of trade problem, that is an easier problem to resolve... Lets face the real issues and stop chasing solutions that will not show themselves.

Hakagure:
To be clear, I am not proffering a solution.I am sayings lets not rip the band aid off bit by bit while hoping for the best. I am being clear and offering a contrary voice to the chorus of hopeful ones out there, hopefull voices saying devaluation should not happen like there is some magic solution that would clear it up, hopeful voices that will act like devaluation can be controlled by Governement, history is clear, issues of demand and supply cannot be price controlled without significant reversals down the line. Just a few months ago the swiss franc decided to stop pegging their currency against the euro, the pegging was preferable but the swiss ran out of cash. Thats what I am saying, over and over again this problem comes up, governments fight it then give up.

This is a problem that history states as fundamental, there is no easy fix. I am looking at the complexity of the problem and saying that there is no current solution. Forex taxes etc are all currency controls. The idea of us becoming less dependent on imports is an old one and our internal economy is not singularly oil based, our government revenue however is based on oil . Hence most forex s.

I am proposing getting over the problem as quickly as possible, I am beyond trying to stop the devaluation from occurring, barring a significant rise in oil prices within 2 years. I do not see a way of stopping devaluation. I am being as forthright as I can be.

If its not inevitable I would be happy to see it forestalled, I am skeptical at the idea of any Government, anywhere in the world... managing their currency without having significant room and resources to do so.

disclosure: I hold no trades on the naira/dollar exchange at this time.

CyberWolf:
To everybody saying reasonable Igbos don't want Biafra, just organize a referendum and get the greatest shock of your life..I've said it before, put an exit clause in our constitution via referendum and watch Nigeria sit up. We know the people that has been against true federalism, those are the major problem of the country.

pazienza:
"On August 31, 1966, Gowon abolished Decree 34 and restored the federal system. On May 27, 1967, Gowon created the 12 states, killed the four regions and handed supreme authority to the central Government. It has been so since"

thenationonlineng.net/journey-that-leads-to-nowhere/ thenationonlineng.net/journey-that-leads-to-nowhere/

ItsMeAboki:
Hey apprentice boy, shut up! I've been advised not to waste my time with dullards like you.
Try revising the trollop you just wrote perhaps you may understand what I am saying.

Meanwhile, you should rewrite this illiterate receipt you issued to a customer before your master comes back and find out that you are such a dull boy otherwise he may not to give you your freedom.

Hakagure:
@jpphilips

http://mobile.reuters.com/article/idUSL8N12N32I20151023

I will respond to your challenges at my leisure in the next few days. The summary is this, its not a question of "allowing" devaluation.

It has already happened, the currency controls are just a levee holding the flood waters back. I hope I have made it a bit plainer, the intervention can only last for a finite time before the reality becomes clear.

pazienza:
You are very stupid. If you don't know the meaning of Joint venture go and read it up.
I am not going to school you on that, I am not your teacher.

If you are not useless, you would have known that the first Nigerian direct involvement/ investment in the oil industry was in 1973, almost 20 years after the oil companies started operations.

If you have nothing new to contribute here, stop disturbing my mentions, I don't interact with retards.

pazienza:
You are really very stupid. Gowo had already reversed all Ironsi policies, his decrees and appointments, and returned everything to status quo, before he then went ahead to re enact the unitary system, abolished the regions and created the state.


Your logic baffles me. Ironsi was killed by the North, who revered all his appointments, policies and all what not, bu they decided to re enact Ironsi unitary system and went on to entrench it within the system, and in your warped up logic, it's Ironsi fault that they did, and not their fault. Ironsi was responsible for Gowon actions.

pazienza:
Nigeria joint ventures with oil companies were first formed under NNOC in 1973.

I am really tired of educating you lots.

joint venture

noun (plural joint ven·tures)
1. jointly undertaken business enterprise: a business enterprise jointly undertaken by two or more companies, who share the initial investment, risks, and profits


Microsoft® Encarta® 2009. © 1993-2008 Microsoft Corporation. All rights reserved.

theDEVILisHERE:
Port harcourt is a slave name
Igwocha is the name and Igwocha shall it be
No part of biafra land will be left behind

No one wants a situation where you have to answer to the future kids of your relatives on why you abandoned them

The opinions of a few people does not change this fact

new2020:
In Nnamdi Kanu's voice, if they take Igweocha, take Uyo and Owerri already taken, we Biafrans have been triangulated. His prophetic words are coming to past. Biafrans...We must resist this APC agenda with every fiber in our being