₦airaland Forum

989900:
It's tiring when apparently 'half-witted' fellas comment on things they know next to nothing about.

You fool. Can you tell me what exactly the author of the economist article was ranting about?

The author neither offered a viable alternative in shoring the Naira and went on to further ridicule us as a nation which can not feed itself and as such rice and sardines imports including toothpicks are essential products.

Try get sense you fool.

I know the people behind this article are the same dudes in BlackStone who recently appointed Sanusi as their regional representative in Africa.

The aim of this useless write up is to ridicule the CBN's effort at curtailing imports which account for much of the forex demand.

No where in the article did the writer post an alternative rather the author mocked the banning of non essential items and went on to declare that we as a nation are not capable of feeding ourselves and so the need to maintain rice and sardine imports plus the very neccessary toothpicks.

This write up should serve as an opener to those of discerning minds of how the west wants to treat us as a dumping ground for their products.

The OP of course is another illiterate Taju posting out of Osogbo who neither understands what he just posted but is merely doing the job he was paid to circulate smear campaign.

As long as we have people like OP and his legion of daft APC Buharist zombies then know that this country can never ever rise above its many problems.

989900:
If only that were the solution.

So you still hoping on crude prices to rise?

You yeast

989900:
The CBN's faulty monetary policies are designed to make the banks rich, and the people poor.

And, this CBN governor is there to make sure of that.

Other countries exchange rates have since appreciated with 'rising oil prices' from $43 earlier this year, to $60-$65 now -- even the Rouble with all the sanctions.

Start planting cocoa.

Every cent you generate can help shore up the naira.

Even a blind man knows when it is about to rain.

trillville:
Have you also noted how the currency of oil producing countries appreciated between 2010-2014 when oil prices averaged over 100 dollars per barrel? Why didn't the Naira appreciate during this period? That's the question every smart thinking Nigerian should be asking?

Because those other countries are not 170million parasites waiting for govt handouts.

ibrams:

Did I just RedPilled you?

Why do you think crude is so valuable today even at over $50?

That is because there are people outside this useless lazy nation who know the true value of crude.

They don't call it black Gold for nothing.

Everything from electronics, paints, fertilizers to pharmaceuticals are synthesized from crude.

We selling crude is like a man selling his furniture to pay the rent.

In response to selling crude we import virtually everything.

The surest way to diversify our economy is to bring about a viable Petrochemical industry.

This is why I laugh at fools who tell us from the ND to drink our worthless crude.

I just see these folks displaying their gross foolishness when they state such rubbish.

Have you wondered why US demand for crude imports has reduced?

It isn't tied to the now moribund Shale industry but rather US crude imports have crashed because American industries have packed up and move to China.

Crude is not just an energy source to power clunky yank junks but was utilized in the then booming manufacturing sector in the US. With most of the US companies closing shop and heading to China most of that Crude demand has virtually crashed.

America now only requires crude imports as an energy source but given the failing economy with most Americans out of employment, gas demand has also taken a huge dip.

Shale is a good alternative to crude as an energy source but Shale oil yields less valuable resins as those utilized in the manufacturing sector.


This is the real situation.

We as a Nation can not continue to operate the Traingular Trade of the 18th century in this current millennium.

We must as a matter of urgency stop selling crude oil and start investing in exporting refined petrochemical products and resins.

This is where the money and jobs will be created.

But the lazy parasitic north and the yeasts to the Southwest still believe that the Saudi lazy model is best and this is why they oppose the passage of the PIB.

I said stopped exporting crude and not importing refined fuels if you missed my tittle.

It is a very big shame that for over 50yrs since oil was discovered and exploited in mass quantities we as a Nation still export crude.

If I were the President of Nigeria, I would have pulled out of OPEC, chased out multinational oil companies which only drilled and exported crude and in their place attracted oil companies that will only drill, process and export refined petrochemical resins and fuels.

If we had our act together, the 2.5million barrels of crude we currently export is capable of generating over 20 times the value we get from exporting unrefined crude.

Our petrochemical industry would have been booming and millions of jobs and opportunities would have been created.

We should discard the lazy Saudi Model in preference to what developed Nations like Japan who by the way have no crude reserves but rather imports crude then refines it for exports.

But rather what we have today is such the opposite that our petrochemical industry is non existing to the point that we still have to import refined fuels for our domestic market.

This is not only mind boggling but plain madness of the highest order!

Take a look around you, just look at every made product in your environment. You will see that Petroluem resins were utilized to produce it!

[size=18pt]The APC shilling crew is hard at work trying desperately to put the blame on the CBN governor where it is clear that the CBN does not generate wealth but manages what the Nation produces.


Buhari for his gross ineptitude is who we are to blame and nobody else.

Here is a govt which at such critical time can not even form a cabinet in over one month in office despite the fact that the APC professed to have all the solutions to our problems.


The APC shilling monkeys should know we are still waiting on Buhari to grow the economy via stabilizing international oil price with the help of the military and also that we are still very aware of the Dullard's promise to see the naira equal in value with the dollar.

Useless fools[/size]

Another scam like the Chibok nonsense.

NewNigeriaMind:
For me, the introduction of 65 to ATMs when we are going cashless is my major turn off for the man. The man is no economics.

The use of ATMs always attract a cost worldwide.


You have a choice of avoiding the 65 naira by using your bank's ATM and for your info, banks spend a lot if money to maintain their ATMs giving the power situation and cost of maintains security around the ATMs.


Sine the reintroduction of the 65 naira charge have you not noticed that most ATMs have become more efficient?

You APC zombies will not be allowed to ruin this country.

Is this the latest APC shilling project ?


The CBN Governor can only be removed by a 2/3rd majority in the Senate.

Currently the APC which is already factionalized can not muster the required 2/3rd vote so there is nothing the Dullard can do.

[size=18pt]This is fake because Zahra is a product of child marriage and can not speak against the old tested mohammedian practice.[/size]

The OP is merely diverting attention from his dullard President.

The management of the economy falls on the executive who by the way is yet to appoint ministers to man ministries such as the Ministry of Finance.

The fact remains that the Naira witnessed its greatest slide within Buhari's administration than any since independence.

We should remind the useless tout OP that his President promised to stabilize international oil price by using the military and that the dullard illiterate also campaigned to make the Naira equal in trading value to the dullard.

This is typical APC diversionary tactics where they still blame others for their gross ineptitude.

amao:
how I wish I could have a power and a means to expose all behind evils things in Nigeria....I only pray Nigerians mature enough to look critically into situations rather than joining issues with APC propaganda campaign promises just to defeat d incumbent..... one day the truth behind all these will be reveal, I just pray d major actors will be alive to see their end themselves..God bless Nigeria

Our God works in mysterious ways.

Just as all power is from God, so also is Buhari's emergance an act of God.

God has removed Jonathan from harm's way and in so doing protected us from another brutal civil war because there was no way the satanic Muslim north could have tolerated another "Kafir" in power.

God has put Buhari in high office to make his punishment and final disgrace for all to see and all to remember.

freshdude99:
Just imagine wat a southerner or better still a southeastner is saying

So the moment he's sacked and replaced by another northner u will have a big sigh of relief Shey?
I have always said it that we southerners are the architect of our own problems in Nigeria.
The same cbn SLS uselessed wen he was on board that emiefele is trying very hard to build.
Check other countries that have oil as their main stay and see by how per cent their currency has lost value. Check Russia and Angola just to mention a few!
Am disappointed at this ur write up bro

It is from the Southwest state of osun and it is paid to post crap here.

Jorussia:
.This op is a complete mischief maker. It is very unfortunate that we ave so many people commenting on nairaland who have short memories,i don't know how much borno govt presented to the VP, but i know for fact,that it was pmb that told the govs of the three states to present cost of rebuilding damage arears in their states for its onward presentation to the G7,because the g7 promised to assist in rebuilding the 3 States. It is only those who are uninformed that will fall for this your cheap trick aimed at tarnishing the image of pmb and also sets the south against the north.

This useless korofo Soja wey no get hand work still dey post here.

I still dey wait for you to come arrest me.

Useless layabout

Jorussia:
what do you mean by never? Anyway, pmb can use the method GEJ used and heavens will not fall.Gej sacked Sanusi when his tenure was yet to elapse,he replaced him with an Igbo man.Pmb can also sack Godwin emefiele,and also replace him with an Hausa man,and nothing will happen.

You this Naval Korofo again?

I am very sure you are on guard duty as you post this crap.

Go school you no gree. Get hand work you no gree. Learn trade you no gree but here you are posting from your Chinco Internet enabled phone.

Pls you will save yourself enough embarrassment by stop posting here.

Fool

[size=18pt]The sophisticated Yorubanese should as a matter of urgency restart their cocoa plantation economy to shore the useless Nigerian naira because sooner or later this fraud will come to an end and with it will be an end of free petrodollars.

I don't know why you people are so full of hate.

The current CBN governor is a seasoned, tested and trusted economist who was prior to his appointment an executive professional in the banking sector.

Why can't you people rise above your petty jealous ethnic sentiments?

Sanusi who you dolts continue to ride his dik was not in any way qualified to occupy the office of the CBN governor and his legacy broke the hegenomy you guys once enjoyed in the banking sector.

For how can we explain a situation where Unity Bank formerly Bank of the north was more viable than Intercontinental Bank? The useless Sanusi reduced Wema bank to a regional bank but left Unity Bank and even fought vigourisly for Jaiz bank.

The situation today is that most of your people lost interests and lucrative jobs in the banking sector and you foolish slaves still ride sanusi's dik till thy kingdom come.

When i call you people Slaves tomorow some idiota will ban me.


[/size]

NgeneUkwenu:
It is very obvious to an average discerning mind, that jonathan appointed a numbskull and empty brain like himself to man a very strategic economic policy making organ of the government.

Godwin Emefiele is the most incompetent CBN governor to have occupied that post!
This very man saw to the devaluation and deprectiating of the naira from 157 naira to 230 Naira to a dollar within the space of 1 year!!

This man is a disaster to the economy, I think as long as he remains there as the Governor, Nigerian should forget about the word called Change.

Buhari Sack him now!

Look at this fool.

The CBN does not generate wealth for the Nation but manages what the country generates.

Since over 90% of forex, which by the way is used to shore the naira, is derived from oil sales and given the fact that oil prices are low and our main market (US) has boycotted our oil, it is thus no brainier to expect our forex reserves will drop.

And coupled with the fact we virtually import everything then it is expected that the naira will be in serious pressure.


But I don't expect you to understand since fools like you are so beclouded with tribal sentiments and igbophobia to see beyond the tribe of the current CBN governor.

Why not ask yourself what you lot have done to increase our export base and reduce our dependence on imports.

If you even had any sense you will know that Buhari's emergence as President was on the behest of western govts which by and large are controlled by private corporations .

The economist author never provided an alternative to shoring up the naira but rather hinged his argument against the ban of non essential commodities like Rice, Sardines and toothpicks. The author goes on to mock us as not capable of feeding our selves.

I want you to read on how the then US president, Bill Clinton ruined the Haitian economy by forcing US rice which where banned in Japan and China unto the Haitian market and the devastating impact it caused that nation.

Here is a contemporary example of how this works: under Bill Clinton, Haiti’s leaders were pressured to reduce the country’s longstanding tariffs on imported food (including rice) from 50 percent to about 3 percent. The United States then began dumping cheap, taxpayer-subsidized surplus rice on the Haitian market, ostensibly for humanitarian reasons, but actually so that it could dispose of an otherwise unsellable product.

Clinton’s policy was brilliant and double-edged. The Haitian politician who had to approve it was none other than the overthrown Jean-Bertrand Aristide, arguably the first freely elected president of Haiti. Aristide had been ousted in 1991, less than a year after his election, while George H.W. Bush (Papa Bush) looked the other way. Doubtless in return for Aristide’s acceptance of the lower tariff, as well as for other promises made, Clinton returned him to power. But once back in the National Palace, Aristide saw his authority undermined by the havoc and unrest that this very policy was causing in the countryside. The cheaper US rice undercut and effectively destroyed Haitian rice farming. A country that was largely self-sufficient in this staple in the 1980s was importing 80 percent of its rice by 2012.

So if Haiti can no longer feed itself, is this because it is a failed state? Haitians have rarely been fat, but the food crisis and food dependency began when weak Haitian leaders agreed to open the country’s markets to predatory global forces. This is the ugly face of “free trade.”

The crisis in rice farming also initiated a huge flow of rural people to the capital, because rice cultivators and their families could no longer survive in the countryside. The resulting overpopulation of the capital was a factor in the large number of people killed in the 2010 earthquake. After the quake, Clinton—by then the UN special envoy to Haiti, helping to run the reconstruction effort—apologized to the Haitian people. “It may have been good for some of my farmers in Arkansas, but it has not worked. It was a mistake,” he told the Senate Foreign Relations Committee in 2010. “I have to live every day with the consequences of the lost capacity to produce a rice crop in Haiti to feed those people because of what I did; nobody else.” He has called the policy a “devil’s bargain.” Nonetheless, imports of subsidized American rice only increased after the earthquake. Haiti imports as much as 50 percent of its food now, mostly from the United States. Today, Haiti is the second-biggest importer of US rice in the world.

odinese:
200bn? U sure say u well?
Or u dey confuse 200milla for billa

And you wey think say $50bn dollars nah 20k nko?

ApexTitan:
How do we know this story is true?

Google no dey collect money.

This site is not meant to regurgitate news but to provide varrying opinions.

It is not my job to keep you informed.

As Osinbanjo makes his photo OP tour of the ravaged northeast to draw sympathy for victims of the lunancy called Boko Haram with NGOs queuing up to follow suit, the Borno State govt has already summized the cost of rebuilding his state at 200bn naira.

This is despite the fact that the Borno is still a hot combat zone with Boko Haram recapturing enclaves already liberated by the GEJ administration.

Rather than see to an end of the conflict and total eradication of the Muslim filth ravaging his state, the Borno state govt wants federal pay out to start reconstruction.

It is either the governor of Borno is so confident of the end of the insurgency to demand for reconstruction or he is using the carnage and current boko dullard in Aso Rock to get Money to settle their militia.

Yeye dey smell.

abacusCm:
So bcs of age we should then start electing people likeAllison Madueke,Stella Oduah,Fani Kayode,Ibrahim Shema,Martin Elechi,Ikedi Ohakim etc ori bobo yi ti gbale.

Did anybody stop you from contesting or are you one of those old senile fools?

Abi una no get young men and women for your region?

atlwireles:
The almajiris you and I can forgive. But the ones their parents invested millions to train, yet they thumb printed for a no primary six certificate fraudster, now that's beyond understanding.

Dont blame those fools. An almajiri has a higher IQ than those change chanting zombies

Can Buhari tell us that since appearing on the Public scene in 1975 when he was appointed Governor of Borno state to being the first Minister to oversee the Ministry of Petroleum and also when he overthrew Shagari and his days working under his junior, Abacha who he still maintains was not "koworpt", Buhari has not deemed it fit to put pen to paper to retell his experiences?

How about his role in the counter coup of 1966 or his days in the battle front in Biafra?

The only thing buhari documents is his cattle breeding lineage.

[img]http://3.bp..com/-_EJKav3ZQhI/VYW_6fuUnWI/AAAAAAAFoM4/ItwRlw-94dE/s1600/1.jpg[/img]

175:
Hahahahaha!

This is not a joking matter at all!

A President of the most populous black Nation and Africa's largest economy has never wrote a damn book!

Is he a Boko?

atlwireles:
OP instead of imposing age limit on the contestants, why not impose age limits on the voters. Nigeria will be better served if many of these Facebook and Twitter generation wait till their 30s to vote.

What about the legions of almajiri delinquents that voted the dullard?

I think the best thing is to limit the age of contestants and avoid senility in high places.

https://www.clipartbest.com/cliparts/eTM/d6E/eTMd6E7Gc.jpeg


https://www.heathervogelfrederick.com/blog/wp-content/uploads/2010/01/blank-page.jpg

[size=18pt]It is a shame that Buhari has no single book to his name.[/size]

Have you guys ever wondered why African culture is static and still existing in the flint age?

Well the reason has to do with the fact that Africans never developed any form of writing so this made the custodians of knowledge in every African society to be the oldest members since they were the custodians of knowledge merely by the fact that they were older.

Now one thing that is unique about old people the world over is their nostalgic disposition which leads to them being the most staunch advocates against any form of change from what they were used to in their youth.

This is why African culture never thrived because those who held the knowledge and authority of society abhorred any form of positive change.

Unlike in the west were innovative ideas which come from the younger and more active members of society is promoted.

About 15yrs ago when I just got employed in my current place of work, every proposition to computerize our archiving system was staunchly opposed by our then Superiors who have since retired. The reason these old dudes refused to modernize operations was because they had no single computer skills and they saw a modernized computer environment as a danger to their significance since we young ones back then still went back and forth to them to clarify which entry was to go where. There was no operational manual and so we still needed the old ding bats to clarify issues which when we meet them for they will kick back on their chairs and lecture you on how they bought their first lease from John Holt.

The Muslim world is riddled with fagg0ts.

Madrasses world-wide and the equivalent Almajiri schools that dot northern Nigeria are dens of homosexuals.

This Iman is just shoving the hypocrisy down the muslim world.