₦airaland Forum

rolams:
Then, what happens if the price crashes?

Then your currency crashes with it now.

I have strong feelings between Cardozo & Wale Edu the policy highlighted here may come to fusion where our currency would be backed by a drum of crude oil using modular refinery as the template.

Come watch the Naira shore up like an Eagle on cruise control.

Dangote’s 20 billion refinery would be redundant if we build like 100 modular refinery turning out millions of barrels a day.

But someone would not let us do that.

I can’t believe that what constitutes a barrel of oil which is worth $80.00 can literally be scooped from the ground effortlessly in Rivers, Bayelsa and Delta states and we say we are poor.

Modular refinery is 1 million dollars yet we are wasting time instead of flooding our warehouses with crude oil.

I thought it cost $1million dollars to build a modular refinery, why are we not building like 100 and start pilling up barrels of crude oil which the whole world know it’s value is $80.00

It is not rocket science to strengthen a currency.

Where are our thinking caps🤫

Get like 10 modular refineries in around Rivers, Delta & Bayelsa and what they would be doing is putting crude barrels b4 u know it you have a stock pile of 200 million barrels valued 200 million x 80 that is almost 160 billion in reserves .

With that kind of money in reserve d currency would be stronger than d dollar.

Alchemy528:
Historically, gold-backed currencies have shown resilience during economic crises, making them a compelling case for tying to a commodity."

Give examples of currency tied to a commodity. Because for you to have that strong currency the physical gold must be present. In our own case the oil barrel should present and of course the whole world knows how much a barrel of oil cost.

Oil price is $80.00 per barrel.

You would need 80 units of American money to buy a barrel of oil.

So to strengthen your currency u refine your crude and put them in a massive storage where it would be sold to whoever needs it. The price is common knowledge worldwide.

Now you can now devalue your currency by 4. That is 4/80 = 20

At present we need 80 American units to buy a barrel but once we devalue our currency by 4 it simply means one unit of our currency would be 4 American dollars.

Sikena problem solved.

Maybe we should adopt the Biafra pound as our national currency because it is stronger than the English pound 😲

1 Biafra pound is now 2,500 Naira.

Why was obi paying contractors 250 million cash every month if he is not Gbaju eh!

Alchemy528:
Imagine, dull being

Fear is gripping someone oh. Obi sef go want shiiiiit for pant because the whole world will see foul yansh.

austinofo:
I think you're too dull.

I can smell an obidient from a mile away. No worries Bola would not touch that scam master. Elections are over now.

Is this true😲

Thank God they I thinking of doing it.

I think city boy will let slide. His not vindictive. What do think.

Chinjo2:
What you don't understand is that people actually voted for Peter Obi and not labour party.

On the internet or real life🤔

The most important thing to know is that Northern Nigeria and as far south to Oyo, Ogun, Oshun state where part of the empire that explains the relevance of the empire religion Islam in as far south as Lagos.

Uthamn danfodio did not bring Islam to the SW, it was brought to the SW between the time of Mali/ Songhai empire.

Islam was also wide spread in Southern Dahomey , Togo and Ghana.

Christistruth00:
Balewa and Azikiwe jailed him

And so what??

sunboy:
We have no business with Songhai, we can’t adult a name that reflect other peoples history.

Wazobia has know history behind it. It is a shallow name without any significance. The ethnic minority would feel slighted by the name sef.

Fejoku:
Your grandfather also had 1000 unicorns... I wonder why you forgot to add it to your claims.
Igbo sub-groups ensured to deal with any ambitious kingdoms around us. The Benin felt it hence they built a most on their Eastern flank. The Igalas warriors on expansion felt it and many had to assimilate. We don't really believe in violence as Igbo people. Anyone who has lived with us will observe it but if the need to defend arises, then be sure that the opponent will be stung beyond what he expected.
Keep Songhai to yourselves while we keep BIAFRA to ourselves.

In other climes they may be called slaves but were at d beck and call of the old who was a high chief with about 20 wives.

Fejoku:
If I don't know Yoruba history, I would.have been misled to assume the jargons you typed made any sense. When Yorubas were fighting Kiriji wars and killing themselves because they couldn't agree on anything among themselves, we in Igboland were leaving peacefully. Your ancestors had to beg the Europeans to intervene and save you from yourselves. Even Ilorin was lost to the fulanis- you current masters because Yorubas failed to agree among themselves. Am I lying? Do you want me to bring proofs to all the claims I made in this comment?
Ndigbo- a formidable people whose history recorded us as living in peace with other smaller groups all around us proves the level of egalitarianism found among us. We have an identity before the colonialism and we still have our identity till date. A stupid nitwit from the jungles of Oshogbo can't be the one to tell us what to adopt and what not to.
Keep your Songhai to yourselves and your fulani masters while we keep our BIAFRA to ourselves and our brothers in our region.

How can a people who loosely organise fight anyone. I told you my grandfather had more than 500 indentured Igbo labourers.

Fejoku:
Yorubas and fulanis can adopt the name Songhai after Nigeria has disintegrated. We from the Eastern side had no contact or business with Songhai. We have our own identity which was well recorded in history and that name was BIAFRA. As you all know, we have bled for that name and it is what we still prefer to identify with. Therefore, whatever is your reason for coming up with Songhai should remain with you and those who have any affiliation with it.
Egbe biri, ugo biri. Nke si na ibeya agaghị ebi, nku kwakwa ya.

The problem with igbo’s is you have never been organised. Like yorubas and the Hausa city state. The only paramount ruler is the obi of Ontisha and I understand he migrated from Benin.

It is a new contraption now that every little community now have a chief, it is a new phenomenon borrowed from the west and North.

Having said that, how dear Igbo nation reject d name Songhai when they have never had any organised community in their existence. Is it wonder y the east is bedlam’s of unknown gun men because every wants to be boss. At times u need to succumb to authority.

The new Songhai £ would be 7.40 to the dollar once 2 zeros have been taking out from the current rate of 740 to the dollar.

Christistruth00:
Awolowo was too busy trying to overtake Europe

And he did really overtook Europe especially Eastern Europe.

gidgiddy:
It is a sacrilege to call your self the name of an empire. Empire is an evil thing because it means that at some point, some people left their land to gi to other peoples land and take over the place by brute force. Theres nothing good about that

Out of all the empires that exist in west Africa the only not to have metormophised to state is Songhai.

Ghana, Benin, Mali,

pandax:
One of the reasons behind the push for the change of the name, Nigeria is because of the history behind that name and you want us to change to a name, Songhai with an even worse past. Abort mission, as it is mission impossible

My grandfather a wealthy ondo farmer and the first man to have a car in Ondo, used to have Igbo’s and midwestern carry him in a hammock to his farm. Would you call such indentured workers slaves. That was how they lived back in the days.

pandax:
Perish that thought please, Besides most Nationalities of Nigeria not having any affiliations with the empire, The Songhai empire was built on conquest and slavery, and we need not resuscitate it. Imagine, Mansa Musa had over 1000 slaves and you are proud to admit it.

Slaves were what defined a man’s wealth in those days. Just like when have cars today.

oyatz:
Presidential, senatorial and Reps elections were conducted simultaneously and most people voted for the same party (from Top to Bottom) because Obi's name wasn't on the ballot papers, only the names and Logos of political parties were on the ballot paper.

Many politicians that won elections on the platform of the LP did so, not because the people loved them but they rode to power on the love some people had for Peter Obi and thus voted for his political party (GRV understood this phenomenon and tried to use it but he wasn't very diplomatic about it, so it back fired).
However, this was only limited to a small fraction of the Political spectrum of Nigeria and not enough to win a Presidential Election.

Check all the elections from 1959, there is no minority party that won a Federal election/Presidential election without having a majority in the senatorial and Reps elections.

Thank you said it all

pandax:
Maybe, Northwest Nigeria can claim and adopt that name for its region. In fact, it will be sacrilegious for the people of Middle Belt and Western Nigeria to accept that name. My people have no connection or contact with the defunct Songhai Empire

FYI, the Songhai alliance is taking shape already and Nigeria will not be a part of it, except NorthWest Nigeria wants to join. Senegal is the next country to fall to coup plotters and the alliance will be complete

Mr man you think the tribes in the middle belts and south exists in isolation, where did the slaves that were sold to Arab traffickers come from , they were middle belts & Southerners. It would be inconceivable that they Northerners in Savanna belts would sell kiths and kin to slavery when their other tribes amongst them to d south.

Mansa Musa was believed to have over 1000 slaves.

pandax:
WAZOBIA Union is good as well, but not Songhai ooo

Why not Songhai, Mali is already beating Mali obtained from the Malian empire. Upper Volta is Butkina faso, that leaves just us and Niger to claim the name. And I think the Nigerians are happy with their current name. That leaves us to claim it.