₦airaland Forum

OfficialP:
U lack understanding

Please share from your wealth of wisdom.

Blazetrailer:
Lol....now you have confirmed yourself to be a complete dunce, a stark illiterate in economic matters.

I wish you had kept quiet. In the words of Abraham Lincoln......." it is better to be quiet and be thought as unknowledgeable than to speak and remove all doubts that you are truly and idiot"

Since you removed all doubts that you are an illiterate, let me try and help you.....

Trade surplus is when you import less than your export. Did you know that could also happen if there is paucity of forex to import critical and essential machinery and required spare parts to help griw your economy?

The question you should have asked yourself before coming here to disgrace yourself is to ask what led to Nigeria's recent trade surplus. According to WTO report in Oct 2024, Nigeria's trade surplus of $1.0bn was as a result of the 20% cumulative decrease in imports attributed to (1).Naira Depreciation, (2) Huge decline in non oil imports, and (3.) FX liquidity bottlenecks (Source: WTO African View report, Oct. 2024).....

Only a buffon will term a trade surplus stemming out of FX liquidity bottlenecks and currency depreciation as an achievement. Those are temporary and cyclical reasons that would be wiped off soon when the pressure in the economy reaches its boiling point. They were not sue to any improved esrnings if forex or attraction of FDIs. No serious nation celebrates such

It could only be an illiterate that would assume that a temporsry trade surplus automatically translates to improved economy and welfare of the people. If that were true, US(been in trade deficits for decades), UK(consistently reports trade deficits), Japan,Germany,Mexico,Canada, Ireland, Taiwan, etc, have been reporting trade deficits for many years and they are considered as advanced and progeessive economies. You know why? They realised that growing their economies with deficits is better than starving it of the necessary importation of critical infrastructure and capital needed to boost their economies. Hence they are more focused on growing their National income and GDP per capita. Those are more accurate parameters for judging the improvement in their economies and welfare of their people(Google for more knowledge sir).

Nobody cares so much about trade surplus in the world as compared to GDP growth and GDP per capita. Even China, with the most trade surplus, is spreading it as loans to other countries in the form of aid and development, becuase it is useless if the economy does not grow whike they accumulate trade surplus. Same for the increase in foreing reserves(China loans it to the US mostly since it is useless unless they need it to prop up their currency)

Do you want to tell us about Nigeria's GDP in the last two years(dropped from 1st in Africa to 4th in less than a year under the certificate forger)?. Kenya and Ethiopia are projected by IMF to be ahead of Nigeria in GDP before end of 2026,meaning Nigerians will become poorer and more impoverished than Ethiopians and Kenyans(Nigeria GDP is projected to fall to 6th position by then)..

so what are you about? If APC/Tinubu want to waste money on people to defend its abysmal q economic performance, it should at least get the intelligent ones, not touts or semi literates like the one below

For someone quoting Abraham Lincoln about silence and wisdom, you seem quite eager to showcase your own misunderstandings. The irony is delicious.

First, I never said trade surplus automatically equals economic prosperity - that's your interpretation. What's truly amusing is how you've written an essay mansplaining basic economics while missing the point entirely about structural reforms and transition periods.

Since you enjoy citing reports, perhaps you've also read about Ethiopia and Kenya's own economic challenges? Or does your expertise only extend to copying and pasting selective statistics? It's fascinating how you can simultaneously lecture about GDP metrics while ignoring the complexities of economic transition in developing economies.

The real 'buffoonery' (since we're using such terms) is reducing complex economic policy to partisan attacks. But hey, at least I can spell 'temporary' and 'buffoon' correctly in my economic analyses. 😉

Believeintruth:
The trading surplus was because of a reduction in importation of essential items. This is what is causing the inflation because the supply is lower than the demand for these commodities. Even the manufacturing index in Nigeria as quoted by MAN dropped significantly due to the economy, so even local capacity is rubbish at the moment. Please try and tell people the truth and stop the propaganda.

Yes, reduced imports contributed to the trade surplus, but this has also forced the manufacturer s to look for local alternatives to their raw materials, this push towards domestic production is necessary for long-term growth. I play in this sector,trust me. While manufacturing faces current challenges, and inflation is concerning, the ongoing reforms are attracting significant investment. The short-term pain is part of a needed economic restructuring. What matters is how we manage this transition. No be everything be propaganda.
Nigeria will thrive in my lifetime.

Blazetrailer:
Lol....look at the person asking someone to read.

China can get away with almost anything now, it is
the production hub of the world.

You produce nothing but want to apply the chinese devaluation tactics? You will hawk your country on TEMU for free...mumu dem!!

Nigeria recorded a trade surplus of N5.81tn in the third quarter of 2024. I trust you know what means. As much as you've chosen to see no growth in your country, the fact remains, the country is moving vertically.

Ofodirinwa:
when i was younger, I used to think these types of economic articles and observations were worth a human being's time. Now I realize that this is a rant about how the ruined currency is helping people from the UK buy more drinks at a club in VI.

Meanwhile the people reading, and sometimes writing (they're often abroad based) this nonsense are suffering.

The Chinese have refused to allow the RMB appreciate against the greenback in the last 5 years for a reason, despite frequent cries from Washington. Read my brother, It's all a game.

adioolayi:
It takes Dangote refinery to work to reset the thinking process of oil dealers.

Even Nigeria's refinery that seems to have been cursed never to function again.. suddenly started working..

Na wa o

Noo, it was the total and unambiguous deregulation of the downstream market that reset the thinking. We need to thank Dangote for taking the leap of faith though. He fought the oil cabal gallantly

edungene7:
coming from an online bandit whose only source of livelihood is the shameless act of trolling online for a stipend that is not even enough to feed him for 2weeks.

edungene7:
Tinubu is a disaster he swore to protect lives and properties has is primary function today lives and properties are been destroyed at will but the frog eye cocoaine sniffing vagabond is shouting that he is satisfied with the performance of the military.A vegetable who has no value for human lives. No true Igbos man will ever kill a priest because he knows the consequence to follow Tinubu and is gang of desperados should continue he will never go unpunished.

Chai!!!! See self deceit.
SMH

Animegirl:
I have a burning passion to become a wealthy and successful woman, but I'm worried that getting married and having children might force me to put my dreams on hold. I'm concerned that I won't be able to balance family life with my personal ambitions. Furthermore, the societal pressures in Nigeria, combined with the constraints of time and age, are making me feel like I'm already at a disadvantage. My desire for success is strong, but I'm fearful that having a family might mean sacrificing my dreams.

I'm really scared.

I tell young people to live in the present. There are millions of possible outcomes to every door (decision)you open. Fear is your biggest enemy in life, don't let it paralyse you. Plan, but make sure you enjoy every step of the journey, not just the good, enjoy the bad too. The beauty of life is in the process not the destination
What if you get both desires, or none of your desires. What if you get a bit of both, what if you get it but short only for a while. Too many possibilities. Live in your 'now'.
Hope you get my drift.
I

jchioma:
Dele too stubborn! Im blood must de hot if not for name you go think se na another tribe e come from. PO was probably doing the work of a peace maker considering the two people involved but trust Dele, egoat ready to die than give in.

The stark difference between a social believer and the content creator

Napata77:
A MEKO 360 Frigate is not a ''Molue''.

Many major nations use that exact same spec.

Your problem is inferiority complex. It's Nigerian, so it's not good enough.

The Nigerian Navy is respectably ranked at 4th in Africa after Egypt, South Africa, Algeria, and Morocco.

Unfortunately noone can cure a bitter , myopic, tribe centric soul of his self inflicted inferiority complex.

RandDigital:
No bigger white worshippers than Nigerians. Breaking News - "Oyinbo seen crossing the road in Enugu" 😂😂😂

We don't wait for them to feed our women to their pigs while we look with our hands folded.

pandax:
Unfortunately, you cannot import vehicles via RORO , Pharmaceuticals, Chemicals, etc through Onne!. So, expect us, in our numbers as we are still one Nation.

Nationalism is in the upward trajectory in the our land and we are decoupling poco-a-poco!

Expect us at Onne for the other imports too since they are gearing up to be more efficient than the Lagos ports.
Thank you for being a sport .A very healthy sense of humour you've got.

EdiskyHarry:
Yes they should nuke your father's scrotum first.

Omo ale, Omo Iran Kiran.

EdiskyHarry:
Nigeria is a failed nation. We got independence since 1960 till date we haven't registered any significant progress. Till date nigeria can't boost of 20 hours electricity a day. What a shame, I wish Putin or Kim jong UN can mistakenly nuke this country, let everyone return to the dust.

Pls put up the longitude and latitude of your family compound for easy target acquisition

I WILL WITNESS A BETTER AND THRIVING NIGERIA IN MY TIME.

darkwan:
Ecomed started operations in 2016, after acquisition from Fidson Healthcare Ltd. and have since inception engaged in pharmaceutical businesses, producing 100 % of our products locally, we also produce for different companies on contracts.

TECHNICAL DIRECTORS

PROFESSOR ESIMONYE (Deputy vice chancellor Nnamdi Azikiwe University and former dean faculty of pharmaceuticals sciences)
PROFESSOR OFFORKANSI KENNETH (Head of department pharmaceutics and Head of research faculty of pharmaceuticals sciences University of Nigeria Nsukka).
EKENE CHRISTOPHER: Managing Director
EKENE AMAKA Executive Director
Uju Uzokwe Superintendent Pharmacist
ENYINNAYA DANIEL QUALITY Assurance Manager
CYRIL URAMU Production Manager– Beta Lactam
MBAH OLUCHUKWU Production Manager Solid line
AHIBUIKE JOSHUA Production Manager Liquid Line
HENRY OKPARA Head of Engineering
DANIEL VICTORIA Head of Account
OKENWA ANTHONY Head of Commercial.
CHIYNERE MICHAEL Head of Human Capital
EZECHINEMEREM HAPPINESS Head Ware-House

why cant you guys inform yourselves before talkin....

source:
https://pmgman.com/ecomed-pharma-ltd/

Thanks and God bless you.

Gbadugbakun:
Under Tinubu, Nigeria has become a dumping ground for all kinds of expired drugs across the globe.

Some of you are challenged mentally. How did a batch of antibiotics produced in Ogun state by a Nigerian pharmaceutical company pass for "dumping" in your book. What has that got to do with Tinubu.

Hnmm, coming from the man who invested state funds in his family businesses

Racoon:
https://www.facebook.com/share/p/w24gvC5L4SKknVjo/?mibextid=oFDknk

Kemet to Egypt

MEEVEET:
What type of talk is this one... There is an international price for petrol

Unless Nigeria gives him crude at a price below international price... He can't sale below International price

Do you think they have any capacity for reasoning. Where was he when the FG was working out a workable price for PMS?

patrickcollins:
No one travels with that intent but one has got to start somewhere and makes a progression

Yes you are right, no one does. But the fact stares straight in our faces. 1. The jobs you think you want are non existent. 2. They have made it abundantly clear that Africans are not wanted, why do we still go in droves. You need to understand the economic games the Europeans, especially the British, play on our people.
My brother, If you can afford the cost of traveling, you have no reason washing toilet in a foreign. Wealth abound around us. The grass is not always greener on the other side.
From a man who has seen it all.

Successtube:
I never thought I’d find myself contemplating divorce just two years into my marriage.

Don't make the same mistake I made. Study your partner thoroughly before to married, don't rush!

Good thing you don't have a child with her yet. RUN!!!!!!!!!. You were not her first option. Oga you was her back up plan

ivolt:
Don't mind them.
These Nigerian "abroad" fantasists amaze me.
They would dream of a perfect picture of a country they have never visited and
have little to no idea of how low-wage workers survive.

Imagine comparing a toilet cleaner to a bank manager?

Dignity means nothing to them as long as their oyibo masters feed them their daily rations of GMO. How can a reasonable person justify travelling thousands of miles to wash toilet?

Three suspects, who are charged with killing two women and threw their bodies in a pig’s enclosure, have appeared at the Mankweng Magistrate’s Court.

The three were arrested after police discovered the decomposed remains of two women at a farm in Sebayeng, near Polokwane, on Tuesday.

Maria Makgato and Locadia Ndlhovhu’s remains were found inside the pigsty after a man who was also shot and injured alerted the police.

The case of murder against the three has been postponed for profiling and further bail application.

The three suspects, Zacharia Olivier aged 60, William Musora aged 40 and 19-year-old Rudolf De Wit appeared briefly in court.

Police initially arrested Olivier, who owns the farm and De Wit who is the farm employee, on Tuesday.

Musora, who is a foreign national, was then apprehended on Wednesday.

Preliminary reports indicate that the remains of the two women were dumped inside the pig stalls.

The victim’s families are reeling in shock.

“We kept on asking about her whereabouts, on Tuesday she was found dead with gunshot wounds inside a pig enclosure. Her remains were kept with the pigs, so this is so painful to us, she left four children, it hurts, we have never seen something like this,” says relative Memory Mushayabasa.

“On Monday, the relatives of the deceased were called to come to the farm to check the situation which had just unfolded, they found the remains of their loved one in a pig’s enclosure, the pigs had already started consuming them, which points to the suspects wanted to dispose of the evidence,” says family member Charles Mogale.

The media has been instructed not to show the images of the suspects.

Investigations are still ongoing.

The defence is still consulting with the accused.

“Well, at this stage regarding the specialization in pigs, there is pig farming apparently but this like I also said I have not been able to confirm. The only people I have spoken to are some of his family members,” says lawyer Andries Rheeder.

The matter has been postponed to next week Friday.

https://www.sabcnews.com/sabcnews/919003-2/

WannaHowzit:
With your Nigerian hunger, you can only order - cant pay (even cancellation fee like in mighty SA)👎🏾🇳🇬💩💩💩💩

Shouldn't you be mourning? Didn't your white masters just shoot your hungry mother and sister and fed them to his pigs.
Mumu, we know what's going on in your country too.

Boulex:
This man is of no value or Economic importance to PDP, and must therefore be expelled or suspended from the Party for such comment.

Since I was born, I have never felt this kind of hunger in my life. Three days, no food. What a life. Is this life?

DM me pls

ALTERNATEID:
By Doyin Okupe

This is pure class. Respect, Dr Doyin Okupe

epainos:
Humphrey Nwosu...of all people. That man... They seem to think we forgot about his role in June 12.

I honestly can't fathom the depth of their ignorance. How easy it is for these people to turn the truth on its head. I tire oo

chatinent:
I remember a certain time a married woman wanted to visit me and she suggested a hotel. Now the thing is that she was as free as a bird and had no ulterior motives or intentions. In fact, she wanted somewhere confidential so that many eyes wouldn't see her discussing with a male figure since she felt that some people around there might know her husband.


But she forget the main thing...a hotel? I reminded her that while she was trying to save her marriage, she was also on the verge of losing it because if she is caught in a hotel with a man, she'll run out of explanations even though she's innocent.


E come bi like her brain no really go that side.

But she corrected her mistake immediately after I reminded her. And trust me, she has no ulterior motives. I didn't either.

Hahahhahahaahah!!!!!!
You didn't but she did. Women are not ignorant or stupid. They are way smarter than men. Trust me she was only feeling your pulse.

Omooba77:
https://www.vanguardngr.com/2024/06/lgs-full-autonomy-will-further-improverish-downtrodden-kwara-govt/

Hnmm

Botragelad:
In a world where eloquence often masks cluelessness, he stands as a prime example. His words, abundant yet devoid of substance, cascade like a river that flows vigorously yet reaches no sea. He indulges in discourse with the zest of an infant at its mother's embrace, blissfully unaware of the depths he has yet to explore.

Consider the duality of his stance, a pendulum swinging with the winds of convenience. In the face of terror within Nigeria's borders, he calls for the shield of governance, denouncing the violence with fervor. Yet, when the script is flipped and Israel's hand is forced against Hamas, he cries out, painting a narrative of genocide. The same scenes, yet his lens shifts, colored by his disdain for one and sympathy for the other, a chameleon basking in the sun of public opinion.

He is the architect of his own facade, constructing realities that suit the moment, never planting his feet firmly on any ground. They are the dancers in the masquerade of truth, swaying to the tunes that resonate with the crowd, much like Jackson Hinkle, unbothered by the absence of logic in their symphony of words.

Chairman, on top wetin? You just went Wole Soyinka on the guy.