₦airaland Forum

HungerBAD:
Gradually Wike's true self is manifesting.

A polarizing figure like Wike should not have been allowed to be in Power. And now that he has given a tacit approval of hate, for his thugs and killers to move into the Ogoni Land, there will be a lot of mayhem soon.

Rivers State is a Gunpowder, waiting to go off. The amount of arms, militants, political thugs, killers, PDP Sponsored Militia's going round, will soon set the State on fire and i hope President Buhari, will do the needful by declaring a State of Emergency and another person put in charge of the State.

There is no Political Death in Rivers State since 1999, that has not somehow be traced to Wike. From when he was a Political thug to Peter Odilli, to becoming a Local Government Chairman, Minister and his present position.

This is a man who has no respect for life.

To the Ogoni people, be strong. Go ahead with your peaceful protests. The Observers are observing.

dammytosh:
Don't be deceived.

Bring the election again tommorow with the same set of people he contested against, I will still support and Vote Buhari.

All those nonsense "Clear From Una Eyes" you are trying to push is not enough reason for me to support a corrupt, clueless and visionless leader.

lumydee44:
I don't think anyone forced her, sometimes you need to respect the host and do things outta courtesy, the deal might be a good thing and that have might been her sacrifice for the nation. Its better to act a fool for someone who thinks he's fooling you when you know what's at stake.

obailala:
Jonathanians never get tired of extolling the almost zero virtues of their god even long after election. Imagine opening a whole new thread to celebrate the patching of a bad portion of a very long road, and one would think the man even fixed this road with his pocket money.

Badosqi:
I just wrote what I saw. He was ignored quite alright but you have to state the reason behind it. The team is presently under pressure, they lost to Leicester just last week and the team is losing the tittle fight.

And what do you think they stand to gain beefing a 19year old boy.

912:
Is it now a crime to see a doctor? Why is fayose behaving like a child. It's been over a year since he started this childish issue of sickness. I think he should drop it already. How many Nigerians stay a whole year without going for checkup.

Even if the president is going to see a doctor while he is on vacation, he is not superman neither is it a crime to do so.

Fayose should please shut up and continue exchanging words like a child with Aluko

Caseless:
somebody needs to make this happen. We shouldn't forgive Gej or pdp.

Slikbae:
That was the military regime, democracy is the order of the day now. I know its going to be nothing like he did back in the day.

DeRay98:
Thanks bro.
That woman suppose don build 10 houses in Benin at least.
My cousin who entered sch '84 and left '89 eat Obey God, I met it '92 & left in '98, it was still there.

MalcoImX:
The only one used by the APC officially is the "Clueless" tag. And that is earned by GEJ. But you can go to jail by calling me Hitler or pe.dophile.

MalcoImX:
You call it accepting criticism when people call you Hitler, pedo.phile, tyrant, etc. No, that's not criticism but insult.

IbXavier:
By : Apena Ibrahim Adeboye

This is a personal analysis which is subjected to empirically backed criticism.

As at 7th of December 2015, Naira to dollar stood at ₦250 to $1, which was the highest fall of Naira to Dollar in history (Reference 1). As at today 28th of December, 2015, Naira to dollar stands at ₦197 to $1 (Reference 2), this shows there is an improvement.

All the same, have you ever asked why the value of Naira keeps dropping its value, Have you ever imagine if exchange rate of naira to dollar stands at ₦500 to $1, Did you make research on why use of NAIRA ATM abroad was ban ? (Kindly read reference 4 to know why). All these will help us understand the effect of the Ban of Naira ATM usage outside Nigeria.

It’s no news that some Nigerians in Diaspora are working towards protesting against the ban of Naira ATM abroad, especially those studying. With due respect, it's shameful that some Students who schooled or are schooling outside the country, especially those who offered or are offering business related courses do not understand why the inability to use Naira ATM outside Nigeria will be better off in the long run. Let’s kindly visit Economics as a course before complaining, though I am not an economics expert but I will apply the fair knowledge I have by the grace of God.

Let’s start with a simple analysis, this analysis will focus mainly on those schooling outside Nigeria;

SCENARIO ONE
Schooling Abroad and its effect on Naira. (Nigerians Schooling in Ghana as a case study)
The case study below is used for about 200,000 Nigerians schooling in Ghana, according to statistical fact (Reference 3)
Scenario Effect on Naira & Nigeria economy
1. Average School fees for a student per year ₦400,000_ Naira Out , Nothing In ,
2. Accommodation for about ₦100,000_ Naira Out , Nothing In,
3. Living expense of about ₦300,000 _ Naira Out , Nothing In,
Total expenses incurred by a Foreign trained Nigerian annually _₦800,000 Out, Nothing In.

Cost for 200,000 students per year ₦160,000,000,000 (₦160B)
Total expenses in 4 years ₦640,000,000,000 Out, Nothing In

Note:
Living expenses of 200,000 foreign trained in Ghana alone for a year is about ₦60,000,000,000 (₦60B)

Over 200,000 Nigerian were schooling in Ghana as at 2013.
(Reference 3)
SCENARIO TWO
1. Mr Ade imports phone to sell in Nigeria with about ₦100,000 each.
2. A student who schools in Ghana left this phone to buy the same worth of phone in Ghana.
EFFECT OF SCENARIO TWO
1. ₦100,000 gone out of Nigeria, ₦100,000 worth of Phone Imported (balanced)
2. ₦100,000 worth of phone ignored by student, yet such student took another ₦100,000 out of Nigeria to buy same phone in Ghana without any return to Nigeria. This means Nigeria has lost 100,000 to the Ghana Market despite having such product in Nigeria. Funny enough, if such phone is stolen before such student gets back to Nigeria, it means such student has made Ghana economy ₦100,000 better.

In one semester, an average Nigerian Schooling in Ghana must have spent about 800,000 of Nigerian currency in Ghana. Assuming we have about 200,000 Nigerians schooling in Ghana, it means about ₦160B is spent in Ghana education system within a year without any monetary return for Nigeria. Assuming this 160B is invested in Business , it would have been better because we would get goods in return for such chunk of money going out of the country , bear in mind that there are a lot of Nigerian students scattered around the world, Just imagine how much schooling abroad alone is taking out of Nigerian economy annually, imagine how much money spent on luxurious items , Health and so on in Ghana and other countries, Trillions of Naira. Have you imagined what it would look like if these monies are invested in our educational sector? That by the way.

After schooling abroad, some of the foreign trained do not even think of coming back to create jobs in the country, they rather think of coming back to earn from a white collar job, having used their certificate to bully home trained Nigerian Graduates. Does this really justify the huge amount spent on education outside Nigeria, Though, it’s a fact that knowledge must have been acquired and one can spend as much as possible to acquire knowledge.

As an average Nigerian Schooling outside the country, it’s normal to feel very bad when such news is broken (Ban of Naira ATM abroad). However, it will be a big disgrace to jump up to protest over it without understanding what is being protested about.
The question is simple ,
1. Do we prefer the value of naira to keep falling while we have access to spend naira anyhow outside Nigeria or we reduce the amount of naira going out and maintain a valuable naira.
2. The amount of Nigerians in diaspora are not up to 20% of those in Nigeria, thus , do we suffer those in Nigeria for the happiness of those in Diaspora or those who travel out to flex on vacation.

Imagine you wake up one day to see the exchange rate of naira to dollar standing at 500 Naira to 1 Dollar, Do you think it will be easy for parents to pay fees abroad.

SUGGESTIONS
1. Students schooling or intending to school abroad should rather think of how government can help in providing a means for students to transfer their school fees and money for upkeep. Though, this should be regulated, but not to protest over the Ban of ATM usage Abroad. NANS Excos and other student activist abroad should get to work on how to get alternatives for students to get money abroad. Who knows , students might be allowed to use Naira ATM abroad but lets consider the effect.
2. Most traveling outside Nigeria , especially within African countries should stop the habit of taking naira out to buy what can be bought in Nigeria , eg Phones , Laptop e.t.c
3. This is also the best avenue to challenge the government to work on the educational sector of Nigeria so that Nigerians will stop wasting chunk of money on schooling outside. In Ghana alone, Nigerians spends about 160,000,000,000 on education. The question is ;
a. How many people come to Nigeria to study or spend such money?
b. How many countries appreciate the monies spent by Nigerians in their economy.
Thus, if government won’t allow free usage of Naira ATM for students, then, they should provide alternatives or better our education system by scrapping JAMB and POST JAMB.

RECOMMENDATIONS TO LEARNED COLLEAGUES
Please let's apply what we learnt in school. When we spend more of our currency to import without Export, the value of Naira will keep dropping. So let’s plead to government to rather work on a policy to support fees payment and up keep money for students schooling abroad, also for business men. Also why are we not thinking of business we can do in abroad , afterwards , we send the little money you earn to Nigerian banks.

CONCLUSION
This literally mean , we are giving out without receiving except from petrol which is our major source of income , NB , price of Petrol is also dropping. If you give out without receiving you must reduce in whatever you have. This is one of the reasons why naira is dropping value. Therefore, ban of Naira ATM use outside Nigeria is a good policy. I don’t care who the governor of Central Bank of Nigeria is but I salute him/her for this. At least , this Policy should be maintained till Naira can be equivalent to about ₦100 – $1 dollars. If buhari Claims to take ₦1-$1, Do we think he will just perform Miracles, these are some of the ways to achieve it. Lets think of what to do so that others will come and spend or invest in our economy, However, there should be a way out for those who genuinely need to use the ATM outside Nigeria (Businessmen, students and likes ) Surely Politicians and those who pay visit to other countries Should be totally BANNED from use of Naira ATM abroad, amount taken out of Nigeria should be regulated.

This write up is not in any way to support any political party but for the betterment of Nigeria. Change and betterment will not occur if we won’t pay the price, ABOVE ALL, THIS IS A TEMPORARY MEASURE FOR THE SAKE OF STABILIZING THINGS. It is mainly geared towards those who spend naira on luxurious stuffs abroad.

Thank you for reading, comments to enlighten me are welcomed.

Reference
Referece 1 https://www.thecable.ng/finally-naira-falls-to-dreaded-2501

Reference 2 http://www.cenbank.org/rates/ExchRateByCurrency.asp

Reference 3 http://www.vanguardngr.com/…/nigerian-students-spend-n100b…/

Reference 4 http://thecitizenng.com/…/banks-blame-atm-card-ban-abroad-…/

Refeerence 5 http://ynaija.com/why-we-cant-reverse-ban-on-atm-card-use-…/

handie:
http://www.punchng.com/biafra-kanu-apologises-to-buhari-jonathan-igbo-elders/

fulanimafia:
That policy affects me and many more people more than you can imagine, but you don't see us lashing about blindly without understanding the cause of our economic woes.

If our surpluses from high oil prices were not wasted and the whole economy was not dollarized due to fiscal irresponsibility and financial recklessness, we would all be singing a different tune today.

efilefun:
All of you come on here to scream stop living in the past like the present situation ain't results of what happened in the past, imaging NOI being paid in dollars throughout her regime like she was working in the USA, so sure you were not blind to the news about someone who took suitcases filled with dollars to dansuki in #Armsgate
If GEJ had perfected everything before leaving power I don't see any reason why it will all start crumbling just months after his tenure.
You better wake up and leave sentiments

kay29000:
This is what I understand about it...The Government is trying to strengthen the Naira. The more money you spend on foreign goods and services, the weaker the Naira. But when you are restricted from doing that, you will look for another option, which is patronizing vendors of Nigerian goods and services. In the short run, people would find it very uncomfortable...but in the long run, the Naira will become stronger, people will become innovative within Nigeria, and more jobs will be created, internally...Very good move.

DaBullIT:
Because Buhari was the one who spent 1.3 Billion on Spiritual purposes ?

joseph1832:
Corrupt, clueless, Mandela of Otouke? Yeesh! Men dude this is mean. LMAO.

I believe those who call our former president their hero are all brain dead. Imagine you calling someone who made your life a misery your hero, now isn't that someone who clearly needs psychiatric evaluation.

ikorodureporta:
no mind dem...if they set up a standard vocational training centre, thousands of youths' future wl be guaranteed, & hundreds of their members wl offer their service as instructors for free.....END-TIME MINISTRY!

BodyKiss:
He seems to be the only one prospering while the majority of his church members are busy papaing him, going to shiloh Year in, year out seeking for propsperity that never seem to be in-sight.

On a more serious note, does this man ever give back to the society, any charity programme for the less privileged?

dikeigbo2:
Serious selfish business minded pastor,
Solve a million problems,
Save countless souls by building a single industry.
Times it by the number of industries or factories you built and see you wipe out poverty and some vices in those areas its sighted.
Establishing or building churches or mosques is not our problem(s)
Our problem(s) is how to absolve our numerous unemployed youths.

May God bless everyone that heeds this advice Amen

amunkita03:
When ur party is gradually dying, u're here ranting rubbish. hope u read where Dogara said "nobody is in doubt that you're the one to rid this country of corruption"
Things are not rosy yet pple are voting APC even in OTUOKE, bayelsa. Imagine when things improve, what will happen to u n Metuh. Just reason and Imagine.
Chegodu ya

NgeneUkwenu:
It would have made sense, if you had condemned it then.

Babacele:
, Bayelsa ,Rivers n Akwa Ibom too!

neolboy:
President Muhammadu Buhari during his working visit in Iran has disclosed that some treasury looters have commenced returning stolen money voluntarily.

Meanwhile, the president stated that he was not pleased yet as his administration would stop at nothing to confirm all stolen funds and not a fraction was returned.

The president revealed this during a communicating session he had with members of the Nigerian community living in Iran.
The Nigerian leader didn’t list the names of the former government officials who have so far returned parts of stolen assets.

Buhari also did not reveal how much had so far been returned to Nigeria’s treasury.
The president stated that unlike what was appropriate in 1985 when he was a military head of state that suspects could be imprisoned while being probed, democracy and rule of law do not encourage that.

He said: “ On corruption; yes, they (the past government officials) are still innocent.
“But, we are collecting documents and some of them have started voluntarily returning something. But we want all.
“When we get those documents, we will formally charge them to court and then we will tell Nigerians to know those who abused trust when they are entrusted with public funds.
“So, the day of reckoning is gradually approaching.”

President Buhari also pledged to deal conclusively with saboteurs who are destroying pipelines and stealing crude oil.
“I believe if you are in touch back at home, you would have been told that already there is some improvement in power,” he noted.
“ We haven’t said anything to them yet. I think they only find it sensible or appropriate for them to try and improve the power.

“I’m sure you know about the privatisation of the power sector; your old friends NEPA or Power Holding Company of Nigeria have been sold to a number of interest groups.
“Those who normally steal Nigerian crude and those who blow up installations, whether they call themselves militants or whatever, they are still there,” he said.

Nigeria and other GECF members now account for 42 % of global gas production, 70 % of global gas reserves, 40 % of pipeline transmission of gas and 65 % of the global trade in Liquefied Natural Gas.

President Buhari is expected back to Nigeria on November 24, Tuesday.

source:https://www.naij.com/647129-looters-voluntarily-returning-stolen-funds-buhari.html

iamodenigbo1:
hummmm,so I fit withdraw 45mill at once?

superstar1:
The toothless lion and the Lunatic Albino god of y1bos will be returned back to his cage till December.



The part that got me laughing in the report was ''The accused stood throughout the proceeding without making any comment.''. He stood like someone that missed his bus or a chick that was drenched in heavy rain.

Despite all his noise making on Radio Biafra, just some few weeks in his DSS cage has made him quieter.

ojmaroni247:
I see no BH weapons der, bow and arrow, choke guns. Its clear that the military jst went to destroy innocent farmers and hunters home, its very normal to see dis kind of primitive weapons in villages,... PLS WHO IS DECIEVING WHO?

noeloge82:
This story is far from been over

T8ksy:
Stupid woman, first it was being laid down with cancer and now you are trying to divert attention from your kleptomania with another story.

Baby love, this is 2015 and you shall surely answer the allegations of pocketing our collective wealth and if found guilty must do time.

The good time is over, opolo eyes.