₦airaland Forum

No democratic country in central Africa.

Central Africa is fucccccked up, CAR is a no go area, there is dictator in chad, Cameroon has a guy that has been there for 40 odd years, Congo is a basket case, only Congo Brazzaville seems to be normal yet they too have a guy that has been for 36 years. Equatorial Guinea another guy who has been there 40 years plus.

fx45:
How is Cameron bigger than Gabon?

Don’t u know d largest economy in central Africa is Cameroon.

fx45:
How is Cameron bigger than Gabon?

Just like how is Ghana bigger than Nigeria.

Cameroon being d big boy in central Africa.

Eyadema of Togo watch your back, you have something in common with Paul Biya, Ali Bongo, and Museveni.

I am expecting the military to take over in Zimbabwe because that election was also a rigged elections.

One number would be linked to one registered voter and once voted cannot be changed. In such senecio there would be no arguments about who won an elections. Every elections contested in Africa has been contested in court.

We better shape up in Africa otherwise we shall return to the dark days of coup and counter coups.

Already Gabon has experience her own coup making it the 5th coup in Africa.

Why not hold in Calabar, auto or Asaba, why Kigali

Las Vegas & Reno, 2 cities in Neveda were built on gambling, Ashewo & Entertainment.

Some of our Governor’s want to be d only rich man in town. Even Ashewo joints do know how many people that would be rendered unemployed. Not of talking of entertainment joints.

I think gala house in this instance must mean Ashewo joints not entertainment joint. Even both are intertwined in a remarkable macabre of grand de-illusion.

Akoko edo which is an intergral part of Edo State all person’s from that area of Edo State have Yoruba names . It is their culture and it’s historical. They cannot suddenly denounce their heritage and become binis.

It is Dino to lose. Kogi west is on lockdown for Dino an alliance with Kogi East would deliver it for Dino.

Ikaeniyan0:
Salamrushdie is right and you're wrong.

If 1 zero is remove from the naira like Salamrushdie claim, if you're earning 100k as salary, your salary will become 10k. If you're earning 20k in a month, your salary will become 2k in a month.

What is wrong with that, it simply means re-adjusting every single item, a bank claiming to have made 60 billion Naira last would = £60.00 million pounds which in d grand scheme of things is not a great deal of money for credible financial institutions.

And again the Ghanaian economy grew from 40 billion dollars to 80 billion dollars after recombination while ours is on standstill.

DomPerignon:
Redonination leads to higher inflation.

Argentina has been doing it since the 70's and it only worsened inflation.

Take for example a product that goes for 120 naira .

And assume you knock off two zeros like Ghana did, that means that product will be sold for 1.20.

But knowing Nigerians they will round it up to #2.

Hence the product will appreciate in value by an extra #80 or 80k.

Knowing Nigerians will never return to coinage, this will see most goods being rounded up to the nearest whole value.

Ghana suffered this and now their currency is even far worse than it was before redomination.

It's a silly and senseless policy as Argentina and Ghana can attest.

The only solution is to mop up the excess 23 Trillion printed by Emefile , increase production and cut import dependence.

There is no other way round this but the hard root.

All those opposing the fuel subsidy removal and floating of the naira are selfish bastards who want to shift the debt to future unborn generation.

Cut debt , reduce govt spending ,mop up excess liquidity , ensure all our refineries are functioning and increase both agricultural and industrial production to meet both our needs and to provide inflation.

See your mouth 23 trillion. We just love to hear that word trillion in Nigeria. Never heard d word trillion when it comes to budgeting in d UK.

To be sincere d benefit would be any devaluations would move from 1 to 1 to probably 20 to 1 and not 1 to 20,000

courage89:
Can you please highlight the economic benefits of rede nomination

What is the benefit of this 1000 to 1 we have at moment.

SalamRushdie:
Re-denomination is just beautiful nonsense and only fit for accounting convenience to avoid too many zeros , it doesn't in any way strengthen the currency ..if we redominate by one zero it's means your salary of 30k will now be paid as 3k , it doesn't mean your employer will still give U 30k oo

That is a lie, why does d Ghanaian currency seems stronger than d Naira. I love such beautiful nonsense.

Ikaeniyan0:
Redenominating the naira won't make it stronger. Is just going to be a waste of money printing new naira notes. The naira is okay with the way it is now. What we need to do is find a way to strengthen it and tinubu administration is working on strengthening the naira.

Even if it devalues from 1 to 1 to the dollar to 1 to 15 it is better than devaluing from 1000 to 1 to 15,000 to 1

Or we just love sound of having one billion Naira that is not more than 1 million dollars.

If we redominate the Naira back to one to one and develued by 15 we would be where Ghana is today.

But if we leave as it is and it devalues by 15 times that would push it to 15,000 to 1.

So redomination is better then devalue afterwards.

Then you would be buying Coca Cola for 1$ how much is coke in Nigeria today.

The idea of benovelence is all resources belong to one man. Would a man steal from himself. The King of England & Saudi Arabia and Dubai are shinning examples.

Never4getU:
To think there's mind blowing poverty is ravaging the country amidst fuel price hike plus high cost of living couple with high rate of hunger. I can't imagine the number of families this vanity would help fix their future n end poverty in those family

David I is a world citizen, he did not make his money off Nigerians streaming his songs, so his allegiance is not to Nigeria but to d world. If you are asking him to take care of d poor in Nigeria when he should really be taking care of d poor in d world because that is where he made his money from. And in any case it would be an Herculean and impossible task that Elon Musk would not think of doing let alone Davido.

Physicist:
President Tinubu and CBN Governor, Please Leave Diasporans' Remittances Alone!!!!

I suspect President Tinubu in connivance with the CBN Governor may want to force Diasporans’ remittances to be received in Naira. This is a wicked idea.

Buhari administration mandated remittances to be received in Naira in the early stage of its first term, but the administration later reversed the decision. Diasporans worked hard for their money that they send to their family members or friends in Nigeria. Diasporans are not responsible for the free fall of the Naira.

Rich Nigerians and their family members, whether through legal or illegal means are the people that take the hard-earned Dollars and other foreign currencies in Nigeria to buy multiple million dollars properties abroad. They are the ones that stash the funds in multiple foreign accounts.

If you blame Nigerians that they import too much stuff, why can’t the Federal government ensures 24 hour electricity supply, good roads, and good infrastructures. This will enable Nigeria to produce some of the stuffs it imports.

President Tinubu, and CBN Governor, please leave Diasporans’ remittances alone!!!!!!!.

I am a diasporan and if d government stops us receiving our monies in our dollar accounts, I would personally stop sending what I am sending to Nigeria on a monthly basis.

Secondly it is in good principle , as I also send money to Namibia too, they do not have domiciary accounts, all funds from abroad are received in Namibian dollars.
And they have only 1 rate, i asked what is the black market rate they told me it doesn’t exist. So I was surprised.

Federal government would only be in charge of military and External affairs.

One king 6 presidents, of the 6 geopolitical zones. The presidents can create more states for effective development across their zones .

federal govemennt running schools , universities, airports, hospitals and roads would be passed to d zonal president including running the police.

I think that would be a good idea.

Have you guys forgotten the Ghanaian Vedic’s got to 10,000.00 to 1 before they remove the zero digits making it 1 to 1 in 2007.

From 1 to 1 to 14 to 1 today the Ganianian ceded is the worse performing currency in African.

Naira would have to fall to about 6000 to 1 to equal the Ghanaian cedis’s performance.

YouandiAllofus:
Ghana lacks in military capabilities to invade a stronger faso successfully.

Don’t be silly, the Ghanaian armed forces and their police service are very professional and disciplined force.