₦airaland Forum

Bye to unionism that doesn't help the Nigerian Masses, but it's members only. Up dangote

Good idea. It's a welcoming development

Predictor3:
But this is exactly what aribisala said.

Why do we go to the same church, read the same book and go with different perception?

Tell me why?

aribisala0:
You do not know what foreign reserves are
I really do not blame you because in a year I do not meet any one who does and most are university graduates and quite intelligent


Most people are confused by the word reserves
They assume foreign reserves are some kind of savings .


Foreign reserves are not
The National Treasury
Foreign reserves are not government funds and that is why it is clear you do not know what they are as in you HAVE ZERO CLUE

FOREIGN RESERVES HAVE NO CONNECTION WITH THE BUDGET OR GOVERNMENT SPENDING


IT. IS NOT GOVERNMENT MONEY

Therefore it has nothing to do with subsidy

I expect you to introduce bluster aka shakara but

You have no clue what foreign reserves are

I suggest you find time like 2 hours to properly read the basics about what foreign reserves are


You can fact check everything I said

That is the technical side


On the political side if the Central Bank is working properly the government would not normally claim credit for increasing foreign reserves unless they can claim they have industrialised the country and reduced dependence on imports


As long as we can pay for imports or live on what we produce foreign don't matter much. It is a problem because we are so dependent on imports

That is what drains or boosts reserves = exports ,imports and diaspora remittance
If diaspora remittance grows reserves grow, Do those remittances belong to government?

Reserves are just a guarantee that you can bring in money to trade and when you want to exit you can change the naira without ilosing value

It is the job of the Central Bank to Bank foreign reserves which should be readily available for exchange with Naira

The Naira is nothing more than CBN paper Which is backed by reserves

Why must you disgrace yourself. That guy there was pointing out and how hold your leaders accountable, whereas you are here shaming yourself.

Check out
Foreign exchange reserves are a country's assets, held by its central bank or government, that consist of foreign currencies, gold, Special Drawing Rights (SDRs), and foreign government securities. These reserves are owned by the country's central bank and are used to influence the exchange rate of their national currency, settle international payments, and provide a buffer during financial crises.
What are Foreign Exchange Reserves?
Assets Foreign reserves are highly liquid assets that a country's monetary authorities can readily access and control.
Components They can include:
Foreign Currencies: Assets denominated in foreign currencies, such as U.S. dollars and euros, which are often held in deposits or as foreign bank notes.
Gold: Holdings of gold bars.
Special Drawing Rights (SDRs): A reserve asset created by the International Monetary Fund (IMF).
Foreign Government Securities: Holdings of bonds and treasury bills issued by foreign governments.
Purpose The primary purposes of foreign reserves are:
Exchange Rate Intervention: Used to influence the value of the national currency in the foreign exchange market.
Payment Imbalances: To directly finance a country's international payments.
Economic Stability: To serve as a buffer for the economy by ensuring a country has backup funds in case its own currency rapidly devalues.
Who Owns and Manages Them?
Central Banks and Monetary Authorities: Foreign exchange reserves are controlled and managed by a country's central bank or its equivalent monetary authority.
Government Control: While managed by the central bank, the reserves are considered national assets, effectively owned by the country's government.
Key Examples
Major Holders: Countries in Asia, such as China, tend to have the largest foreign exchange reserves.
Use of U.S. Dollars: A significant portion of global reserves are held in U.S. dollars, partly due to the stability and global economic prominence of the United States.

What Israel Could Do in Response

Backed into a corner, Israel has no choice but to fight back. To accept a Palestinian state now is to rehabilitate Hamas and allow an Iranian beachhead. On some level, each leader understands this; they do not care.

Israel, accordingly, should not only defeat Hamas militarily but also call out the United Kingdom, Canada, and Australia at their own game.

Each of the three has separatist movements: Scotland has sought separation from the United Kingdom. Canada has faced a decades-long Quebecois separatist movement.

Australia, which popularized the “indigenous land statement” that have since become popular across Canada and on American university campuses, has spawned a number of separatist movements as long-suppressed aboriginal groups each demand their own homeland on the continent that the United Kingdom wholly colonized under the guise of forming Australia.

Today, Australia is the only colonial regime that occupies an entire continent.

What Action Could Look Like

To frame the hypocrisy of British, Canadian, and Australian actions, Israel should formally recognize Scotland, Quebec, and the Murrawarri Republic that the Murrawarri people along the Culgoa River in northern New South Wales declared in 2013, or perhaps work with the indigenous people in Tasmania who likewise seek their freedom.

Previously, Scotland and Quebec put their ambitions to a vote; some independence activists in both countries may not acquiesce to the legitimacy of previous referendums, as they occurred with the organization or under the control of “settler-colonialists” in London and Ottawa.


https://www.aei.org/op-eds/israel-has-its-own-separatist-cards-to-play-against-the-uk-canada-and-australia/

She's right for the first this time.

How many characters needed now?

Like husband like wife.

Tinubu in woman form.
.Oya, contractors over to you

Who is ibas or sole administrator that they cannot probe him? Even former presidents, they used to probe them, some even till prison. Rivers assembly do the needful.

Obasanjo wanted to sell it out, it was Atiku who objected it. Atiku boys still running the refineries. Later on pressurised the Labour Union and gave an ill-advised to Yar'Adua. Atiku, Atiku.... It shall never be well

So, you mean northern Nigeria can't take out Israel. ? They were ready to go, but bokoboys giving them their medicine on daily basis.

Dee60:
Fubara should stay on the side of the people. Let them impeach him again or declare another emergency.

is that what you want? Another six months .

So people of Rivers prefer state of emergency

We have 96 centres across the country producing maximum of 300 passport on daily basis. And now, we have a centralized point producing maximum of 5000 on daily basis.

Now let's look at it. Are we progressing?

1) 300×96= 28,800 daily, former
2) 5000 daily, later.

Where are we going?

No need to explain yourself Mr. President, Wike has won already. I pray Rivers will make Wike learn his lesson, sooner or later.

Buhari was not a good omen. Tinubu trying to stabilize the turbulence economy created by Buhari

Most moral military in the world. Issuing evacuation orders before attacking, who those that. Houthis? I don't think so

Did you see working condition in Nigeria matches that of London?

helinues:
What's the business of NLC with senate affairs. Hahaha

I wonder. Inflation no worry nlc, na Natasha

Qatar is not a good place to start up. Wolf in sheep's clothe.

And people still believe nlc... better to believe the government part than nlc. Government are sincere, if they won't help you they will tell you.

Zionmdde:
You can't be a real Christian without going to church even if it is once in a while
You don't need to go to church is one of the lies devil tell people for a start. It's like "let me just put the tip" when he knows fully that the target is to pull you away totally from God

Do you know how to spotted a Christian in Asia or Africa?

In Asia, to identify a Christian is by their dressing. They dressed like Europeans

In Africa, to identify a Christian is by going to church once in a week (Sundays)

Alloyhardu:
Finally he achieved his dream to finish in school

Hahahahah your wahala too much oooo

Softmirror:
They can't eliminate the will of the people. Which is why till date Israel despite all of their so called sophistication have not been able to free Israeli hostages. Which indeed is a big shame!

as long as they are getting their 72 virgins, israel has no problem with that

Those people that were pushing him where are they now?The left him alone to face the giant (FG).

Now Fubara understood better.; Real friends and real enemies

Jonathan should not dare come out to contest against the southern sitting president. Let him wait, when northerner is in power after 4 years, Goodluck can unseat him .

Do to them as they did to you ......silver rule.

Jonathan should not dare come out to contest against the southern sitting president. Let him wait, when northerner is in power after 4 years, Goodluck can unseat him .

Do to them as they did to you ......silver rule

Niger State

All these payments won't make power available in people's household.
E.g AEDC don't have a single account where electricity consumption payments are being deposited into. Where department, division, Unit, and section the manager ha multipled account number for his division, and he'll decide which of the account he wants the money to be paid into.
And when he's been transferred the next guy will supplies you with his multiple account numbers, and follow the same suit.

What DISCO needs is Single Account Number (SAN) , if not they will keeping siphoning the money and company debt profile will keep on soaring higher

DISCO needs overhauling of the entire system before FG can make any payments/ clear debt.

The suspect explained further that he didn’t have his way with the lady, he only laid on her and quickly ejaculated because he thought the other one that escaped might call on people around for help

Osun State Command of the Nigeria Security and Civil Defence Corps, on Monday, disclosed that it has arrested a 22-year-old for attempted rape of two ladies he caught stealing pepper in a farm.

A statement by the Public Relations Officer of the Command, Kehinde Adeleke, noted that though the farm where the ladies were caught does not belong to the suspect, after he apprehended the ladies, he threatened to report them to security agents, unless they allowed him to have his way with them.

Adeleke further said that while one of the ladies managed to flee from the scene, the suspect got hold of the other and physically assaulted her and made an attempt to have carnal knowledge of her.

“According to the suspect’s confessional statement, he saw two ladies plucking pepper in someone’s farm at Ita-Olokan, Osogbo, and he challenged them why they were plucking the pepper.

“Thereafter, he told them, they would be handed over to law enforcement, and the ladies started begging him.

“He later said he would have carnal knowledge of both of them as the only way not to be handed over to security personnel.

“According to the ladies, they struggled with him; in the process, one escaped, and he eventually pushed the other one to the floor.

“The suspect explained further that he didn’t have his way with the lady, he only laid on her and quickly ejaculated because he thought the other one that escaped might call on people around for help,” Adeleke said.

In a related development, the command also said two suspects arrested for encroaching on government land at Oke-Osun area, had been dragged before the court.

Adeleke further said the suspects destroyed demarcation on the land and excavated sand, adding that investigations also revealed that many truck drivers have been going to the government land to excavate sand, selling it to unsuspecting members of the public.

Restating readiness of the organisation to rid the state of criminally-minded individuals, Osun NSCDC Commandant, Igbalawole Sotiyo, urged members of the public to report suspicious activity to the command for prompt action.

https://www.google.com/amp/s/punchng.com/drama-as-man-demands-sex-to-cover-up-theft-in-osun/%3famp

Me: Do you remember me?
She looks at with an innocent face, and tersely
said "no"

Me: Do you remember me?
She said "no"

You have to be specific?
Spiritual benefits
Psychological benefits
Social benefits
Physical benefits
Financial benefits
Etc

Pick one for your perfec match

All these are nothing but a new way to siphon money.

Why not use the money and subsidized farming ingredients......and see how local farmers will boosts food production.. bye to hunger.