₦airaland Forum

Itsrm:
"It is important to make a few clarifications. The vehicles to be allocated to the offices of honourable members are utility operational 2023 model Prado Jeep vehicles tied to their oversight functions in the discharge of their duties in the standing committees. They are not personal vehicles gifted to honourable members."

https://saharareporters.com/2023/10/16/were-committed-reducing-governance-cost-our-n130m-toyota-prado-are-work-tools-reach

Prices in seeing on google ranges from 65m to 85m. Doesn't change anything anyways.

It's still reckless spending anyways. It means the NASS has more than enough money. Who will cut their budget like this.

liveLongNprospa:
Lmao. What would you then call him?

A propagandist.

Segedinho:
Dollar unification as well as fuel subsidy removal are not bad idea...

It became a bad one when we weren't ripe enough to withstood the aftermath...


The combination of both is the reason why many Nigerians are considering suicide

Fuel subsidy should've remained for me.

The political class cant be asking the masses to make sacrifice when I know they are not ready to make any sacrifice.

It's also the reason why I strongly support the dollar move. Make everybody dey buy the true value of the dollar. Not that some people who have access to CBN will be getting dollar ay a subsidized amount while the rest will be getting dollar at an astronomical rate.

Make everybody buy at dollar at the same rate. Whether na 1k or 2k.

Segedinho:
Haba...wch kind talk be this.

The official price of the car being bought can easily be verified on net na..

.abi na camry 2.2 dem want buy

If you know the cars they bought let us know. Me i don't.

liveLongNprospa:
In all honesty, tell me a better journalist you know than DH in Nigeria.
I'm genuinely curious

DH is not a journalist.

Itsrm:
Since we know the car they bought, then we know the amount na. The price of cars is not hidden.

Which car them buy?

Itsrm:
That one na scam

They said they are committed to accelerating efforts to clear the FX backlogs.

Let them start it and maybe we will take them serious.

That was how they said they will clear it in two weeks in September.

https://www.thenationonlineng.net/cbn-to-clear-10b-forex-backlog-in-two-weeks/amp/

Forex is not coming in now. Emefiele CBN don use cash swap and oil swap collect forex, that's what the new CBN is still managing and clearing.

Our finances were shit under Buhari and Emefiele.

OasisX:
....I really hope its a Joke, not even a PR but a fuckin joke bro.

Our political class no send anybody anyways.

Its why i was vehemently against that subsidy removal.

Itsrm:
But they admitted it na. Only said its not a personal vehicle but for official use

https://www.nairaland.com/7878215/house-representatives-finalises-plans-official

They admitted buying cars not the amount.

Itsrm:
Can you share your source @bolded?

Its in the last communique released by the CBN when they announced the unbanning of the 43 items.

Emaprince:
It's a different hospital. IDF denied it on their twit now.

I don't believe it, looks like a convenient excuse.

Propaganda will start from both side now.

OasisX:
...₦160m per Car multiply by 360 Members?! HOR should be scrapped pls, I don't even know their job(s).

Na PR. The reps could actually buy luxury cars for themselves but no way they are buying 130m cars for 360 people.

The total NASS budget is 221bn, there's nowhere Reps will get 57bn to buy luxury cars out of that 221bn which includes their salaries and capital expenditure.

Emaprince:
Isreal struck AL AHLI hospital in Gaza. 200-300 dead. This one touch me I must confess.

These hammas have really endangered the lives of their people

Ah. So they didn't evacuate the hospital or what?

OasisX:
....I hope one day either HOR or Senate gonna be scrapped. We ain't ripe for both to exist at same time, coz we don't have the resources to waste.

Democracy is an expensive system of government.

OasisX:


...BTW, David Hundeyin needs una help, dear Obidients. At all at all na em bad.

Me and him has blocked each other since 2020 but Journalists (not that i rate him as a journalist) work actually requires funding and independent journalist usually seeks for donations and the likes to continue their work.

izzou:
[color=royalblue]Tinubu will spend about $1.2 billion on palliatives in less than a year

Abeg, this money no reach to subsidize the fuel?

If you voted Tinubu here, please just come forward and apologise to me.

It would go a long way in healing my emotional wounds right now.[/color]

It was a stupid move removing that fuel subsidy then.

I said if he go ahead with it, his administration will use the whole year to battle the fallout.

Here we are.

LordAdam16:
Technically, it is.

Until today, the highest rate that could be quoted by any participant in the NAFEM window was 800.
And the CBN always intervened to keep the closing price below 780.

-Lord

It is not fixed. It is based on a willing buyer, willing seller model. The reason the rate has been consistent at that rate was because the CBN was like the major seller on there, that's why the transaction value was cry low while the black market is surging.

With the 43 banned items gone, more players will come into the official market, the black market started today at 1050 and close at 1080 while the official market opened at 780 traded as high as 980 and close at 848 which shows alot of transaction and price movement while the black market just move slightly.

In the coming days the official market might even hit 1k before it stabilize back. As long as everyone can trade on the official market, the price will stabilize.

Itsrm:
On paper, it was a good idea.

Look at it this way, no one will obtain dollar at 700 on the official window and use it to import raw materials for production when he can flip it in the parallel market and make more money .

The disparity was just creating money for people without doing anything.

Problem as is always the case is in the implementation of policies. The CBN does not have the FX for any realistic unification.

Its a good policy that will take time to fully show impact. The implementation has been solid so far.

There's no item on CBN list anymore, CBN are also actively clearing all the backlogs.

It will take time for the rate to stabilize but it will.

LordAdam16:
Closed at 848 today.
They've quietly devalued the official rate again.
From 750 to 850.

Another round of hikes incoming.

-Lord

The official market is not fixed.

Segedinho:
Larrides believes 'dollar unification" is actually one of his best policies

It is.

According to what I'm reading here, the official market close at 980 and black market at 1070. It means alot of transaction is moving to the official market, the more liquidity move to the official market, the best.

Let the naira find its value against the dollar. Anybody that needs the dollar should be able to pay the true value for it. Unless you want the govt to continue from where Buhari stop and keep using scarce resource and our foreign reserve to defend the naira that's only available to some set of people.

My stance hasn't changed.

iamoyindamola:
You then wonder why their won't be high cases of brutality
If i join police today una go collect aje all of you

iamoyindamola:
I pledge to nigeria my country
To be faithful,loyal and honest

Scammmmmmmmmmmmmmmmm

https://www.nairaland.com/7879535/nasiru-abdullahi-chile-maidoki-joins

Nigeria Police cant even do proper background check for their own recruitment.

Lmao

izzou:
[color=royalblue]Dalot no dey my defence.

That's all i need to know![/color]

I'll be there. No worry.

izzou:

I just wan remind you say una dey play Arsenal this weekend.

King Ororo

BlueRayDick:
It’s just an unforced own-goal.

At this point it’s looking like some northerners grievances are genuine as far as Tinubu’s appointments are concerned .

Some section of northerners have been complaining that while Tinubu picks the best of the best from the south while making appointments , he seem to be picking the worse the north has to offer .

It's true. Just look at the difference in ministerial appointments between the North and South.

BlueRayDick:
Well, Let’s hope guardian is sharing fake news

Might be a PR job.

Same way I've seen some PR jobs for NFIU DG.

Roland17:
This is troubling on so many levels and the timing couldn't have been worse.

No timing can make it less troubling.

If it happens to be true, Tinubu don fall my hand patapata.

BlueRayDick:
I bring thee good news ; na Tinubu agbado master later retain the services of Hamza Al-Mustapha and not OBIdients neither Atikulates

https://www.nairaland.com/7879222/hamza-al-mustapha-named-next-nscdc

Unbelievable.

I wont believe this till after its confirmed sha.

BlueRayDick:
It’s safe to say civil servants mess up for a living

Na civil servant gan gan be the cabal. They know they can outlast a minister so they can easily sabotage a minister and wait till another one is appointed.

Na them dey even compile hand over notes to the incoming minister or DG sef, na them go even tell ham loopholes and avenues to loot.

BlueRayDick:
Aswear ! Even some people in hospitals in critical condition can die from that nonsense show they pulled off .

Zero consequences from top to bottom.

BlueRayDick:
This country na cruise

While NOPOST staff dey protest the removal of their boss , Corporate Affairs Commission ( CAC) dey celebrate the removal of theirs . They even collect band boys

https://www.instagram.com/reel/CydPrtztNkF/?igshid=NTc4MTIwNjQ2YQ==

You go know say the former CAC boss make those guys see shege. Hopefully the new one continue from where the last one stop. Make he increase the shege pro max.

If civil servant dey celebrate say them comot you, it means you no allow them do anyhow.