₦airaland Forum

Mobilization to do what?

GerogeI:
The corruption in CBN has no direct link the exchange rate. There are many other ways to allow banks handle forex flows independently not CBN.

Defending naira means using your export earnings to pay your import demand. This is not the problem, every country is doing this one way or another.

The problem lies in overcentralization of forex controls where all dollars goes to CBN, and is made available for politicians, who prioritize their access to local value. The consequences is that they artificially devalue the local currency every time their is a pressure of higher import than export.

A simple way to understand this is to compare Nigeria Import /Export Ratio in USD. This Ratio in ideal situation should be the exchange rate of naira to USD.
For 2022, Nigeria imported 56.3 billion USD worth of goods. And exported 46.9 billion USD worth of goods.

Our import exceeds our export by 10.6 billion USD., And the Ratio is is 56.3/46.9=1.2. The USD should be worth 1.2 Naira. Let's consider all the imperfections in the system and make this 10 times worse than ideal. 1 USD should be worth 1.2x10=12 naira.

Let's do a similar Analysis for a comparable African country, Egypt. In 2022 Egypt imported 85.76 billion usd in goods, and exported 51.6 billion USD. Egypt Import Export Ratio for 2022 is 85.76/51.6=1.66
Multiply by 10 to consider real world imperfections, Egyptian pounds should exchange at 16.6 To USD. In reality Egyptian pounds traded at 15 to 1 USD in Jan 2022, and 24 to 1 USD in Dec 2022.

Let's look at South Africa.

Imports 2022 was 136.2 billion usd
Exports 2022 was 122.9 billion usd

Import Export Ratio =136.2/122.9=1.10
Multiply by 10, 1 usd should ideally be 11 rands.
In reality in 2022, 1 usd was 16.88 rands.


These comparisons shows you how well the economy is being managed. For Nigeria instead of 1USD to 12 naira in 2022, we had 740 naira.
Our economy and currency is simply being mismanaged for politics and theft, and its been going on for decades. Currency devaluation not only enables politicians to steal, they use it to please the West. It should banned by law.

When was the last time naira exchanged at 12 naira to 1 USD? How much has the Naira been devalued? As at 2022, it was 740/12×100=6166% devalued.
This is the only reason coins have no value any more.

Someone will come to argue we should use forex earning not import and export. They mirror , so it's same thing. Or they can argue that our population is large. It reflects in the size of our imports, vs local production. The summary is that Nigeria earned only 20% less foreign exchange than it needed for purchases in 2022. How that warrants today's exchange rate of N1150 to usd is a mystery. But that forex is scarce I'd a big fat lie we have at least 80% of what we need.

U are very smart and knowledgeable..

We have been made to believe the Naira is losing is value because we don’t manufacture anything..

There are countries worse than us when it’s comes to manufacturing, yet they are doing fine..

We have corrupt, insane, dumb and evil politicians running the country…


Naira should not exceed 20 Naira to a dollar..

If you already know JS,don’t waste your time learning Nonsense type script because one YouTube fake influencer said so..

Or because some one told you, or you heard TS has lots of jobs… Since you learnt TS have u gotten any job?

Learn Python instead of TS or any other Lang, it will profit you more than TS..

If you follow front end and there irrelevant learn this and that, you will never go far..

At the end of the day the people who will use your app will not care about what you used..


Using whatever does equate the success of ur app.

Front end devs too Dey worry..


Una go learn tire..

When u use SCSS, then u will realize u shud have used CSS or TW when another situation comes up..

Front end dev is full of crap..

surzkidoo:
CSS too has built-In variable feature

Correct!

Nonsense!

African parents worrying I’ve nonsense.

Let’s focus our attention on real things.

No pics?

Nawa!

fuckingAyaya:
Life is deeper than what you think, the spiritual controls the physical so don't play

As told by the colonial masters…

The dream means nothing…

Let Op go and live his life.

We all dream about our selves in Secodary sch/uni or any place we have spent lots of time at..

Na norms..

Godspeed001:
💥When you advise these women to get sense they will not listen.
We keep telling you to marry men who fear God you no wan hear.

Abeg rest!

All these bible, bible tins tire person.

Make una face reality.

Marriage without an option for divorce is slavery. Couples have the right to separate.

Blame the foolish Isreal for marrying such a naive and young girl. Isreal is predatory..

Isreal married her to dis virgin her. He is a bad boy ..

The babe on the other hand never understand life well.. As u said she followed money and fame.

Confam!

treesun:
https://dailypost.ng/2023/11/27/70-percent-of-nigerians-are-poverty-stricken-wole-olanipekun/

And what have you done to help them overcome poverty……..

The dream mean nothing.

Just ya brain fucking with ya.

tunize:
Okay but how long will he continue to keep on doing all the lying down? When he is 50? Life is very uncertain.

Someone said it cost a lot to set up something in the entertainment industry, Isreal doesn’t need to set up anything in the entertainment industry there are variety of business he can do an earn huge with the influence of just been an associate of Davido but he is just intellectually slow.

As Isreal Dmw dey if e invest for boutique for example and he’s got very good collection of clothes and has davido wear some of his designs and just post to show he got them from Isreal collections you know customers when Isreal go make only from there, we haven’t even talked about other celebrities in the industry.

Nor be to mingle with the influential, na to dey extremely smart to make use of the influence

It’s obvious she is too high for him..

That’s the reason, she no suppose marry am.

Some women will be very happy marrying such a man. They guy is trying…


Life no easy like that. Setting something like the biz u mentioned is not easy o and very risky..

blahc007:
Bros wait o....so if what this lady is saying is the absolute Truth, you mean she is wrong by telling her husband to build something on the side for himself?

Build something on the side, must it mean investing in music?

Omo, I don't want to believe a man is thinking like this oo....maybe na typo error

Build something is not an advice.

Make she give am the money to do so and. We if he won’t…

We Nigerians just advise people carelessly.

Isreal has tried for himself in life.

Let the small girl go and build her own life.

bid4rich:
I have a question sir.....

Who sold the land to them?

Can anybody buy land im such area without government

Do they have C of O

If all the above questions have government hand, then, why the demolition?

Thank you sir

In Nigeria we just buy any how

12inchess:
Abi now. Are we not all slaves to one boss or the other. Even if you're and entrepreneur are you not a slave to your client's satisfaction? Nonsense and rubbish. Na people like her Dem dey use fo money ritual.

Nigerian women no wise.

They just talk nonsense.

Once they marry a man, the man will begin to go down in life.


Idiots!

Villa12:


Maybe you have another Nigeria though. Abi no be the naija wey Tinubu dey?

Clean ya mouth

Nigerians are only poor for mouth..

Na 50% audio..

Awesome6s:
When society faces challenges, especially when it comes to moral misconduct, we are often hasty to blame women and mothers. Yet, both men and women share the responsibility for improving the world.

This investigative report delves into the disturbing developments in Nupe land, where the historical bastion of moral standards is facing a crisis.

For a significant duration, Nupe land has been renowned as a bastion of high moral standards and reference point for young people. However, in recent times, with the emergence of different sad events, it appears that the foundation for nurturing morally upright children has begun to crumble and we have been complacent in ignoring them. This calls for concern.

READ MORE: https://crispng.com/emergence-of-hook-up-hk-in-nupe-land-and-the-need-for-concern/

Why won’t girls do hook up.. When foolish men chose to pay HK babes 50k per night and pay gate man 20k per month .

Who are we deceiving?

Truths9ja:
you are much on point here. You don talk fact. That clueless Isreal ex wife is just a clueless hookup babe joor. Na God exposed her and her clueless bad characters

Majority of our Nigerian women are like that: Always proposing one useless agenda or the other, without providing the funds or any meaning solutions.

PedoBear:
Yellow bars won't like this



Let's wait for one of them to wake up from his leaking mattress under their brown roof thatched mud house to vomit nonsense

I believe the people in this pix are mocking Africans..

Villa12:
it is not over exaggerated

An average Nigerians cannot afford 3 square meal daily
An average Nigerians cannot afford a bag of rice presently
An average Nigerians cannot afford a car which ought to be a necessity
An average Nigerians doesn't have access to quality healthcare
An average Nigerians doesn't have access to clean water
An average Nigerians under 7 children are malnourished


I can always go on and on

Dey play..

Do u know how much MTN and co make yearly in Nigeria?

Half of Nigerians are above poverty level..

Dangote said Nigeria is the best kept secret in the world when it comes to investment..

Nigerians are not that poor..


Nigerians have money..

Elon musk even get mind they sell Starlink to poor Nigerians.

Pepperdemisback:
So, your life must be static after marriage? Does Davido have side incomes or not? When you have 1, 2, 3 children, will you still be on the single level of income?

Did Isreal wife give him money to start and business and he refused, did she find a beta job for him and he refused?

U don’t know women and the lies and manipulation .

Israel’s wife is just been petty..

U know how many men work for Tinubu?

They should all dump d job cos of their foolish wives..

MyVILLAGEpeople:
Inside this hard economy an average Nigerian youth will die to have Israel job lol

U are blessed..

The rest of them are been emotional on this one..

The most important thing is Isreal is earning an income…

Forget all those bowing down things na normal, u must now to someone in this life to grow.

Nigerian women can cause confusion.


Isn’t Isreal getting paid..

Setting up something in the music biz is not beans.

How did she contribute to his future financially .

Na small pikin imatuturity Dey worry her.

Idiots!

Nelsonprince1230:
Here's how I pushed 20k traffic to my website a day.

We’re is it?

SaintUlot:
With the rate at which Nigerians are leaving Nigeria, you will think with N50k you can japa from that country. Every Tom, Dick and Harry have left, the remaining ones are just waiting to buy their flight ticket.

I doubt if we still have up to 1 million people left in Nigeria at this time. So where is that multidimensional poverty statistics coming from? If almost everybody can afford the cost of Japa that doesn't come cheap. This makes me to come to the conclusion that, Nigerians might not have money in their bank account, but majority have tangible assets that can be easily converted to cash if the need arises.

I am happy u are asking this question.

Poverty in Nigeria is over exaggerated.

BFacc:
It's really not government responsibility to build industries..they are suppose to build infrastructure that will attract industries..this is an obvious fact

Oga the responsibilities of government is endless..

Don’t let the government deceive you, government can do anything..

In the 3 rd world countries, governments should be able to shoulder any responsibility.

Government has been lying to you people…

It’s their job to anything that will bring progress..

hotspec:
industries without good road network is impossible

I am happy u put industries first in your statement not roads..

Then let him build the industry first..

Don’t support this guys, they know what to do.

post=127160237:
Are You Shocked @LikeAKing

Honestly!

I’m shocked .

Nawa I

Lagos don Dey swallow people money.

Omo oniles!