₦airaland Forum

jmoore:
Ever heard of cost push inflation?

You guys don't know that price of petrol that went from 165 to 650 naira and high cost of diesel is the major factor of the inflation.

There’s that and there’s excess money supply.

Watch and see, prices for some commodities have started reducing; more will follow.

everythingtall3:
These women are torn. South Africa will never interest me, our women are still better atleast they are not proud about it which means there's room for change ... these south African women are completely torn.

Dey play. Room for change or lack of accountability and devilishness

everythingtall3:
These women are torn. South Africa will never interest me, our women are still better atleast they are not proud about it which means there's room for change ... these south African women are completely torn.

Dey play. Room for change or lack of accountability and devilishness.

jetwonder:

But Prices of good is still high!
Government should look into this.

This is normal in the meantime.
People are still selling the stock they got when dollar rates were high.

With time, market forces would stabilize it.

Racoon:
Have you ever seen any relevant world body investigating or proscribing IPOB as terrorists? Only in Nigeria.

Which other country does IPOB enforce their sit at homes or establish security network?

Dey think before you type.

OboOlora:

Trial and error financial techniques.
Pump $$$ from foreign reserves to save a dying naira so people can applaud you for a week.
Then watch the same $$$ rise in the next month and blame citizens for not buying unavailable local goods.

We’re in an era of confident, ignorant people.

What do you owe me if this your prediction fails?
Put your money where your mouth is.

jmoore:
It means interest rate has increased.
It will scare people from borrowing.
And those who borrow will have to increase their cost price which will increase the selling price, thereby making inflation higher.

Nope.
There’s excess money supply in the economy which is part of what’s causing inflationary pressures. The increase is to mop up money supply.

123yes:
You are right Mr Trump. But what Hamas did to them that 7 of October attack was really disheartening. I pity Palestinian children who are worst affected by this Israeli retaliation attack. Peace to the world!

Y’all act like this thing started on Oct 7.
Israel has been bullying the people of Gaza on their own turf for years.
Numerous videos of them laying siege on them and even going as far as assaulting them in their mosques during worship but the western propaganda machine would have you believe it started on October 7


Most people that support/supported Israel do so on the basis of religion forgetting that not only Muslims live in Gaza.


A lot of supporters of these atrocities have now rescinded their support because social media has exposed Israel’s propaganda for what it is.

I hope you see same too.

hisexcellency34:
Na this kain penis dey give belle pass

Because the sperm no go need travel far before e enter the vagina? 🌚

[quote author=wwwihy post=129048974]https://www.vanguardngr.com/2024/03/nlc-leaders-stole-workers-salaries-during-invasion-abure/[/quote]Abure wants to loot again and NLC’s picketing is his new reason.
Na thieves full LP and clueless leaders choke NLC.

Anyway, na infighting and family matter; dem no go see resolution.

Ofunaofu:
Imagine Tinubu talking about arithmetic.

But he turned himself into a jester with his "Na statistics we go chop" jibe.

Yes, because Peter was reeling out pointless and erroneous statistics, including his baseless requirement of 25% in the FCT, that barely had anything to do with Nigerians.
Tinubu spoke the language the people understand and now he’s president, while statistics man is counting is losses.

Racoon:
"Nigerian Government Allocates N47.5Billion For Rehabilitation Of 50 Schools Without Locations Amid Budget Padding Scandal."


https://saharareporters.com/2024/03/18/nigerian-government-allocates-n475billion-rehabilitation-50-schools-without-locations

This is what I expected Ningi to point out rather than calling the review of the budget, padding.

So many line by line discrepancies in the budget.
I just hope someone finds the time to go through it line by line. You’d be shocked.

Feintline:
Tinubu this is 2024 not 1999 where propaganda was used to build to lagos.
Quit all these promoted story telling on foreign and local media .
We know how you did with bbc with your fake certificate saga.

The country is in a deep mess. Red danger lights in every sector.

Shut the hell up.
When Bloomberg and the likes were reporting doom, dunderheads believed them.
Now they’re reporting otherwise, it’s propaganda.


Yall don’t love Nigeria like you proclaim, yall just hurt it’s not your man at the helms of affairs.


That propaganda that he used to make Lagos a success and cynosure of all eyes, he’d use it to make Nigeria a success; to your dismay and that of naysayers.


Asiwaju will succeed, Nigeria will progress.


And there’s nothing dunderheads can do about it!

ruggedtimi:
this chief of staff sounds very very official..how many times have you heard on news that a minister appoints chief of staff.

They could have without putting it in the media. It’s not a biggie so far they all serve the public as they should, diligently.

Depriest2020:
Na Nigerian senators they abuse their office, they have degraded their offices that it no longer commands respect. Imagine ordinary appointed minister disrespecting and talking to an elected senator of the federal Republic of Nigeria, can such a thing happen in the US? Can't she summon Wike to the NASS? And why are her colleagues not protecting her? Nigeria is a mess.

How can you say minister of FCT is ordinary?
Minister of FCT is almost equivalent to a governor.


She can’t summon shit. Her only leverage is using the senate and it appears Wike has more influence than her there.

hustla:
Sha avoid UK

Why abeg?

ruggedtimi:
Wike bringing a new dimension to this FCT minister portfolio. chief of staff?

The position of chief of staff is pretty normal. Most people just only associate it with governors, presidents, and the likes.

Most MDs and CEOs of big corporations have chief of staff. Even those that don’t necessarily have the title have people that play the role.

iCauseTrouble:
Nothing has been working since Tinubu became president.
Always one bad news or the other

You know it’s Tinubu that went undersea to cut the cables.
You will cry taya.

Kukutente23:
You're right though
It is wrong to expose the wrong and malfeasance on govt thereby subjecting the country to avoidable embarrasment.

You’re dribbling.
Point out the wrong to me.

Cindypresh:
You surveyed 15 states and only gave us information about Ogun and Niger...other states nko??


Poor journalism

You too make more enquiries yourself or did you pay them for the one you were given?

anonymous1759:
Election losers won't have anything to celebrate except it's the other way round.

Don’t mind them. Pretend lovers of Nigeria.
If the news was about companies leaving Nigeria for Ghana now, their preek will rise like someone who took alomo, viagra, and jekonmo. But now, they’re being meek and acting blind because it’s not a bad news for Nigeria.

Shey some of these goats always compare us to Ghana in negative light.

They’d all be exposed in due course.

BlueRayDick:
But which kind yeye democratic system we dey run for this country?

A senator is a representative of his constituents; they are the ones who voted for him to represent them at the national level. Why should fellow senators suspend a senator thereby preventing him from carrying out legislative duties which his constituents sent him there to do?

Senators suspending their fellow senator because they do not agree with him on an issue should not be allowed by law. Why prevent him from carrying out his legislative duty when u didn't vote him into senate in the first place?

You’re only being sentimental.
The senate like other institutions have rules and standing orders.

Any senator that gets suspended on the basis of violating those rules should be blamed for being suspended on that basis.

If the senator cared about his constituents, he shouldn’t have violated the rules of the senate.

mrvitalis:
Power rotation would actually guarantee we elect credible people

Once it's this zone turn we know it's all about selecting best candidate from that particular zone

It doesn’t guarantee anything, there are crooks in every zone and anyone who has the means and clout can clinch an elective seat.

Nigeria has been rotating its presidency between north and south, with both sides of the divide taking turns to plunder the her resources.

Even if you microzone it to a family, if the crooked ones keep coming out top; nothing can make development come.


The most important thing is for electorates to genuinely vote competent people who have the interest of the country at heart.

For me, I don’t mind if a particular zone rules us forever so far it comes with the development we truly need.

We focus too much on the minors.
What we need are very good systems and leaders irrespective of tribe and other biases.

Kukutente23:
Toh
Which means Ningi is right
The moment it was turned to North vs South matter and you see Zombies carrying it on their heads like bowl of paraga, I knew there was something being hidden or attempted to be hidden under tribal wishy-washy politics.

Unfortunately, a lot of tone deaf, myopic youths fell for it.

This country's journey is still long

Same country where CNG buses remain audio and subsidy is evil o

Excluding the breakdown of GOEs, the National Assembly, and others has been the norm since forever.

Ningi is a ranking senator meaning he’s been aware of all of these for years as a senator.
Why is he just speaking now?
Why didn’t he present his facts on the floor of the senate as a senator rather than embarrass the senate, the country, and the federal government?

joseph1832:
Lol. It's pretty obvious from the start that Peter Obi is just as wasteful as the politicians he has been criticizing.

One can even say he's worse, judging from the way he's been painting himself a Saint. Imagine buying that amount of vehicle when he was still owing Anambra state workers salary.

As time goes one, revelation upon revelation will be revealed and those who have brains will see Peter Obi for who he really is.

That’s even just by the way, find out how many traditional rulers are in Anambra to be more flabbergasted.

Sources say they are not up to 150 so who got the remaining 250 SUVs?

As I’ve said before; Obi would be exposed for his hypocrisy.

SalamRushdie:
How much did the govt pay Bloomberg for this sponsored article?

The same amount Obi and Atiku pay.

fxexperts:
And i guess the price of goods and services also had the same downward projection after the clampdown. you guys are just jokers. come in a few months' time and let's see if you will make this statement again.

Exactly the truth. Cardi B need alot to learn from your writeup. but it is obvious they just employed dunce into this government.

You need to actually go out and make findings, not just staying online and spewing conjectures as facts.


I can authoritatively tell you that prices of some foods have come down.

If you can’t go to market to find out, haven’t you been following the news?


Opposition must be constructive, not factually bereft.

Jewessgratitud3:
Wow this guy! Is that why I no longer see him in movies? He has added so much weight.

Whats he saying? If it doesn't favor you abeg come back home. Which one you go dey cry for motor park.

I still believe it better over there because you'll get jobs to do and if you remove shame you'll survive and live comfortably.

E hard e hard na him e fat full everywhere.

Your mouth no good.

Teibaba:
The officers in that vehicle are learners and not trained

There’s no officer in that car. Most likely civilians with access to patrol vehicle.

ivolt:
The writer has been fooled. He thinks he can help CBN on a goose chase.

The $26 billion is a figment of Cardoso's imagination.
They needed a scapegoat for the falling Naira and they found
Binance a good spot because some group of idiots kept posting Binance's USDT
rates as the true exchange rate even though we know that USDT is not
dollar and you don't need dollar to buy USDT.

With the fact that Binance has been banned in several western and anti-Chinese
countries, the CBN latched on to it and label the platform the face of evil.

If the CBN believes that Binance determines Naira exchange rate, all it need do is
to push its own agents or make deal with some BDC to register on the platform and
manipulatively sell at the lower "true" rate so those quoting the rate will be forced to adapt or leave.
It could alsoe have secretly pressured Binance to remove or limit the activities of the "manipulators".
Binance did about a million dollar-Naira transactions per day. Imagine if the CBN opened its
own kiosk to generate $1 million USDT at the true rate, the "manipulators", would run out of business
or be forced to sell at the "true" rate.

But the government needed the theatrics, an external scapegoat that people can curse and attack for the bad economy.
It is all showmanship.

In few months, the whole Binance issue will not be mentioned anymore and it will be quietly retired.
We won't get any update about the $26 billion or the owners again after that.

Only ignorant people would take your comedic submission as fact.

The obviously observable fact is that naira stopped its free flow depreciation against the dollar after the govt clamped down on binance.

And that’s fact.

MasterJayJay:
If Obi talks about how insecurity is affecting the price of food, the vultures of Tinubulation will gather to insult him.

Obi is all talk, no strategy.

What did he do during the reign of terror and highhandedness unleashed by Awkuzu SARS in Anambra?

drtwist:
You think a country that is running fine will be happy to receive donations? Just because you don't like the truth does not mean you should defend rubbish

No country is happy receiving donations but the fact is even countries bigger than Nigeria receive donations.

What Peter shouldn’t do is to spew and politicise falsehood to gain attention.