₦airaland Forum

Fayose hatred for Buhari has blinded him and will eventually lead to his destruction besides this naija borrow borrow too much

SATOH:
Ahu zu billahi minal shaitanir rajim. This is not the quality of a pious muslim girl. They should seek Allah's forgiveness.

What gives you the confidence that you are better than them, dancing does nt portray their character nor their relationship with God, dnt b a religious bigot

grandstar:
The exchange rate of a currency is determined by fundamentals and not by what anybody wants even the IMF. The IMF too is subject to the fundamentals.

The rate can't drop to 600.

In 2009, the price of oil fell from $148 in 2008, to $35 that year.

The official rate then was 120 to $1. There was pressure on the naira becuase of a drop in the forex income.

Soludo, the then CBN governor refused to devalue at the official rate. The naira crash to 190 at the parallel market.

To support the 120 at the official rate, the foriiegn reserves went from $60b to $41b in little or no time yet did nothing to stop the naira from crashing.

Sanusi now came in and immediately devalued the currency to 150. Immediately, the parallel rate went from 190 to 155. And the pressure on the naira eased. Sanusi said the official rate and that of the black market must have maximum of 3% difference. That anything is excess is not right.

If the naira is devalued to around 250, the excess demand at the official rate will dry up and the parallel rate will probably hit around 255.

There is no reason for it to touch 600.

It can however touch 600 if the government decides to borrow recklessly and pump too much money in circulation. It can not just touch 600 for no reason.

Its the fundamentals that count

The massive difference of 60% between the official and parallel rate is more than enough indication that the currency needs to be devalued.

The country can not continue leaving in denial!

true, but I fear for the future value of Nigeria's currency cos if devalued to reflect the market force things would finally be at ease but it won't last long as the forces of demand and supply would persist and the gvt would have to fall back on devaluation and finally the currency would b pushed to the edge of no redemption in few years to come alas naira would have no value and this would greatly affect trade, the economy should be truly diversified this act of financing deficit with depth will do this country no good

Almost a year still naija has no budget on top say some sons of a thousands father want to steal tru d budget thunder wey go fire some people still dey gym

grandstar:
There is no need arguing with you? Buhari said he won't devalue the currency yet it crashed to 320! Is that not worse?

The IMF is simply telling you the obvious. Water will always find its level. By not devaluing , the currency crashed

Has the trip to China led to an improvement in thwe value of the currency. Even China devlued its currency recently.

The president is just chasing the wind. As long as he refuses to devalue, the economy will keep suffering.

The IMF is simply telling the country the truth.

Your dollar income has crashed by 70% and you still want your exchange rate to remain the same? Its not possible.

Sanusi, Soludo and Utomi have all condemned his policies. Sanusi even said they have worked nowhere in the world!

Buhari means well but unfortunately,his econmic s however is lamentable

so finally if the currency is devalued what would b d exchange rate of naira to dollar I guess $1 to 600 naira all becos we want a fair trade and smooth running economy bt unfortunately if we do worse would be the case

In as much as fayose hate Buhari he has a point the gvt should generate funds internally to service the budget if he is nt clueless bt I dnt mean increment in tax an talking abt true diversification and agricultural product export

I knew there was something fishy tagged with dis loan na when our leaders go begin make smart decision God dash dem small sense

The woman mouth chop pop corn by the way no room for gender equality

The woman mouth chop pop corn by the no room for gender equality

Dollyak:
Gender equality turning women to lesbian. Word fail me. Just when I thought the senators couldn't sink lower they have just achieved that. The average women in Nigeria are too stupid to fight for what is right so why bother?

I dislike many Nigerian politicians but on this case they are on point in fact dis is d first time they are making sense cos out of ten girls u will surely find four who is already in olosho business while out of the remaining six five or four of them have tendency to become prostitute it's a fact I

I met mine in Banana island she was having issues getting her baggage into the trunk cos her driver was sent on errand, I came to her rescue n gave her my number it has been great ever since NL what happeeeen

Am watching what these herdsmen activities would lead to in d end in HD

dechriscool:
The current national assembly is dominated by Apc and the government at the centre is an Apc government.Starting from the submittion of the budget down to the consent of the president,the whole thing has being filled with confusion.This budget has gone down in history has the most talked and controversial budget with incompetence,cluelessness and ineptitude displayed.
This same budget got missing for God knows why and all the abnormalities were not still corrected.When it was facing defence by various ministries,it was grossly padded.Now some portion of the budget was deleted and someone when defending the budget before the General house did not discovered the problem but subsequently submitted the discovered problem to the transport committee for approval.God how did we find ourselves in this mess?
The controversy is on going,no body wants to take responsibility for their short comings.The gullibles are buying in to the calculated confusion created by the budget.Forgetting the legislature is supposed to serve as a check to the executives not a rubber stamp assembly.The national assembly members are being targeted to pitch themselves against each other.Some citizens are perceiving the assembly members as the true enemies of the state.The executives are being absolved of their incompentence in preparing and defending a simple budget.The ripples effect of all this saga is hunger in the land,hardship,inflaction,no light,no fuel and the General sufferings of the populace.The insensitivity of the president to the plea of the people is more annoying
Apc was a bad choice and their Incompetence,directionless,confusion Laden executives stings.

so if u were Buhari u would have signed d budget and nt bothered scrutinizing it cos it taking much time and generating much controversy am sorry same reason y Jonathan failed and same reason y many are still blaming him simply because of incompetence seriously good and caring heart alone cant do d job

dechriscool:
The current national assembly is dominated by Apc and the government at the centre is an Apc government.Starting from the submittion of the budget down to the consent of the president,the whole thing has being filled with confusion.This budget has gone down in history has the most talked and controversial budget with incompetence,cluelessness and ineptitude displayed.
This same budget got missing for God knows why and all the abnormalities were not still corrected.When it was facing defence by various ministries,it was grossly padded.Now some portion of the budget was deleted and someone when defending the budget before the General house did not discovered the problem but subsequently submitted the discovered problem to the transport committee for approval.God how did we find ourselves in this mess?
The controversy is on going,no body wants to take responsibility for their short comings.The gullibles are buying in to the calculated confusion created by the budget.Forgetting the legislature is supposed to serve as a check to the executives not a rubber stamp assembly.The national assembly members are being targeted to pitch themselves against each other.Some citizens are perceiving the assembly members as the true enemies of the state.The executives are being absolved of their incompentence in preparing and defending a simple budget.The ripples effect of all this saga is hunger in the land,hardship,inflaction,no light,no fuel and the General sufferings of the populace.The insensitivity of the president to the plea of the people is more annoying
Apc was a bad choice and their Incompetence,directionless,confusion Laden executives stings.

so if u were Buhari u would have signed d budget and nt bothered scrutinizing it cos it taking much time and generating much controversy am sorry same reason y Jonathan failed and same reason y many are still blaming him simply because of incompetence seriously good and caring heart cant do d job

Hehehehe u bought made in china product at the value of the original bad market go return am

In the judge's voice I here by make a verdict that Saraki should pay a fine of 10 million naira and give a sincere public apology court!!!!! na so hin case go end naija n politricking

In as much as I hate popes especially Pop John Paul and d rest buh e b like say God dash dis one brain

Bleep when blind forded Yes, marry or date NO reason my mama would disown me

Bleep when blind forded Yes, marry or date NO reason my mama will disown me

TPAND:
This government is so useless that it the only time it has is for petty issues and beer parlour discussions.

How will flying first class or not make Nigeria better.

meehn is it not part of the problems we are facing?

Ambode is a flaw he has no solution to any Lagos state problem he is clueless

Only a man who is a dullard would buy that idea, It could work any were but in naija never because women of nowadays could turn a man to a house help at any slightest chance and also bleep any perverts they fall for under their husband's nose and ready to sue when the husband tries to claim dominance in fact life wud b ugly if they are given equality

Fuel and Gold?? no difference

She is pretty and I know it bt her bobby is nuffing to write home about Buhari needs to start probing girls with push ups, and for dat jobless guy in cuffs dnt blame him awon ti Saraki

Xonology:
he is not Igbo, he is a Yoruba kid using Igbo moniker

in a nutshell you also support Saraki and I wish that picture I am seeing is nt real bt if real, that guy is so on point

This is getting messy

WriteBoy:
Guilty as charged. I remember one girl I was dying for in my office. Then I was a manager in one of the chain's outlet She resigned to go to school. One day when she came around, I gave her loads of complimentary stuff. Talked to her briefly and went back to work. When she was about to leave she sent for me and gave me a full body hug, but I was so stiff. She just kept laughing. Me, I dismissed the whole from mind and went back to work.


Later that evening, I received a BBM. Message from her..... It read;


"Shy Boy"

Fuxk... I had no idea my shyness was that obvious.

hahahaha lols.... Mehn

SAINTSAMURAI:
D only crush i have is for selena gomez. i cant be crushing on all these oloshos pretending to be good ladies.

selena what?? bro you must be joking she is my one and only crush

mykl01:
Borno is a desert on most parts . I remember 200km of dry uninhabited desert land from Maiduguri to Baga .
More population my nyash

you no know say those deserts dey consume fuel

Fmartin:
Op to be sincere, among north and south, wic geo political zone is more populated

Do u mean:

north east + north central + north north

South south + south east

the difference btw those figures are way too much I think 60 would have been ok bt 40 na

Mrs Saraki is taking the blame of her husband crime lol isn't it funny husband criminal, wife criminalogy, children only God knows chai!!!

Omo dem no b here, op u b dem agent make u share me one