₦airaland Forum

The government should do more of this to better the life of the people.

nice

Now, we are getting somewhere. I have said it long before now, the government has no business fixing the price of things generally. Things should be allowed to be determined by the law of demand and supply. I can say to everybody who cares to listen that, finally, we have a government who has the balls to curb all the in appropriate way of doing things which we have found our self.
The basic implication of this is, the naira will simply be priced at its original value and not speculative which has been the other. Value of goods and services will definitely be priced at a fair exchange rate determined by what level of dollar is in circulation and on how much each is ready to buy and sell. this will connect us to the international market.

My only concern is the practice of the CBN when it comes to the sharing of proceed. Henry Boyo gave a very good analysis of this abnormality. States should be given their part in the same currency in which the proceed is made. Here is assuming that the state in turn will go straight to the market to seek exchange. This will lead to an increase in the amount of dollar in circulation thereby, reducing its value. This is a sharp contrast to the CBN collecting the proceed in Dollars or other currency, and printing Naira. what this does is the make dollars scares thereby increasing its value against the Naira.
To my Aboki friends, you guys should better go look for another job.

What stops you from going to visit?
that way,i think you will have all the ans to the qus you seek

adajiboyy:
I hav seen wat d VP said,but bruv my question and angle of reasoning is y wen it was GEJ dis guys demonised him,made every one see him as bad and a wicked leader,they even sponsored many rallies, u know people died rite cus of that struggle? Anyway GEJ is not my family am from AGATU he is from OTUEKE neither buhari who is from DAURA, but until u and I resist the lies of this useless old men from pdp ooo to apc ooo they would always play on our intelligence. cheers

Very well, the lies have actually been from successive government. now, I personally think there was so much Lack of trust in GEJ regime. first of all, crude oil was selling for $129 per barbell, no attendant or corresponding development. at the same point, the exchange rate was around N198 to N230. the volume of out was also much. that for me was the best opportunity for us as country to build our reserves and engage in developmental projects. now when the government still come to say there is no money, then there is definitely an issue.
compare all the aforementioned with what we have now, you will see that there just definitely is no money to take care of the country. hence the removal of subsidy. the attendant effects is, saving for more development and more capable companies coming in thereby creating jobs for our youths.

[quote author=myhotbrain post=45599392]myhotbrain:

MY RESPONSE TO A MEMBER ON ANOTHER RELATED TOPIC EARLIER TODAY:

FOR THE LAY MAN:

1) CBN IS THE BANKER OF ALL BANKS AND THE BANKER OF THE FGN

2) THE FEDERAL GOVERNMENT SELL CRUDE OIL IN DOLLARS.

3) WHEN THE PRICE OF CRUDE OIL IS HIGH, FGN MAKES MORE DOLLARS THUS HAVE MORE DOLLARS TO SELL.

4) WHEN THE PRICE OF CRUDE OIL IS LOWER, FGN MAKES LESS DOLLARS THUS HAVE LESS DOLLARS TO SELL.
(BECAUSE PRICE OF CRUDE OIL HAS BEEN VERY VERY LOW FOR OVER 18 MONTHS NOW IS WHY GOVERNMENT STOP SELLING DOLLARS TO BUREAU DE CHANGE AND ALSO BANK THE IMPORTATION OF SOME NON ESSENTIAL GOODS AS WELL AS EXCLUDED SOME OTHER GOODS FROM ACCESSING THE OFFICIAL CBN RATE OF ACTUALLY N198 TO $1. OR ROUNDED UP WE SAY N200.

5) FEDERAL GOVERNMENT SELL DOLLARS TO IMPORTERS OF FUEL AT OFFICIAL RATE. BUT SOMETIMES THE FEDERAL GOVERNMENT MIGHT NOT EVEN HAVE DOLLARS TO SELL BECAUSE THERE IS NOT ENOUGH. SO THE IMPORTERS HAVE TO SOURCE FOR DOLLARS ON THEIR OWN OR NOT IMPORT AT ALL WHICH MIGHT CAUSE SHORTAGE OF FUELS AND RESULTED TO SCARCITY OF FUEL AND LONG LINES AT THE FILLING STATION.

6) GOVERNMENT NOW IS SAYING THAT THEY WANT TO GET OUT OF SUBSIDY ALTOGETHER BECAUSE OF ALL THE PROBLEMS INVOLVED BUT OF COURSE, WILL STILL REGULATE THE PRICING MODULE THIS IS WHY MR IBE KACHIKWU SAY PRICE OF PETROL WILL BE BETWEEN N135-N145.


ADVICE:

1) QUESTIONS SHOULD BE ASKED OF GOVERNMENT SUCH AS:

A) CAN ANYBODY NOW IMPORT FUEL AS THEY WISH JUST AS AGO,
B) CAN THE IMPORTER ACCESS OFFICIAL DOLLAR RATE OR THEY ARE OYO (ON YOUR OWN)
C) WHAT IF CRUDE OIL PRICE INCREASES SHARPLY IN THE INTERNATIONAL MARKET AND PRICE OF PETROL RISES ALONG WITH IT? WHAT SOCIAL PALLIATIVE WILL BE EMPLOYED TO ASSUAGE THE EFFECT?
D) WHEN WILL THE NEW REFINERIES COME ON BOARD?
E) HAVE THEY OFFICIALLY EXIT THE KEROSENE SUBSIDY REGIME AND CAN ANY IMPORTER ALSO ENGAGE IN THAT IMPORTATION.
F) WHEN WILL THEY DISTRIBUTE THE FREE GAS CYLINDERS TO THE POOR MASSES AND WHAT INFRASTRUCTURE WILL THEY HAVE ON GROUND SO THAT EVERYONE WHO NEEDS GAS CAN ACCESS IT AT A FAIR PRICE AND ADEQUATELY?

2) LABOR UNIONS SHOULD ASK FOR IMMEDIATE REVIEW OF THEIR SALARIES TO AT LEAST, DOUBLE OF WHAT THE CURRENT MINIMUM IS I.E. N36,000.

3) WE MUST DEMAND FOR A WELL FUNDED AND WELL EQUIPPED POLICE FORCE AND OF COURSE, MORE RECRUITMENT; THAT APPROVED 10,000 RECRUITMENT SPOT IS DEFINITELY NOT ENOUGH, WE SHOULD BE TALKING OF A YEARLY INCREASE OF MINIMUM 50,000 FOR THE NEXT TEN YEARS.

WHY? BECAUSE THE FEAR OF AN EFFICIENT NON-BRIBE TAKING POLICE FORCE IS THE BEGINNING OF ORDERLINESS, CRIME PREVENTION AND ENFORCEMENT. GO SEE THE DEVELOP WORLD. THE MERE SEEING OF A POLICE CAR BEHIND YOUR OWN IS THE ULTIMATE REASON TO OBEY ALL TRAFFIC LAWS.

WE ARE SICK AND TIRED OF SEEING POLICE OFFICERS AS BEGGERS ON THE STREET AND EXTORTIONIST IN THEIR POLICE STATIONS.

CONCLUSION:

SUBSIDY OF PETROLEUM PRODUCTS MUST GO AND NEVER REAR ITS UGLY HEAD AGAIN.
ASIDE OF THE WASTE WHICH IT HAS BEEN CONSTITUTING FOR SUCH A LONG TIME. IT IS ALSO A SHAME ON OUR COLLECTIVE INTELLIGENCE THAT WE ARE IMPORTING PRODUCTS IN WHICH WE HAVE COMPARATIVE ADVANTAGE IN THE SOURCE OF RAW MATERIALS FOR THOSE PRODUCTS.

RATHER THAN IMPORTING FUELS, NIGERIA SHOULD HAVE BEEN THE AFRICAN LEADER IN THE EXPORTATION OF REFINED PRODUCTS AND THIS IS WHY I HAVE ALWAYS SUPPORTED SUBSIDY REMOVAL.

AM USING THIS OPPORTUNITY TO CALL ON ALL MONEY-BAGS TO JUMP ON THIS SHIP NOW: BUILD REFINERIES EITHER MODULAR OR GREENFIELD, BUILD GAS DISPENSING DEPOTS...THESE ARE BUSINESSES FOR THE PRESENT AND NOW...

GOVERNMENT SHOULD ALSO ENCOURAGE THE USE OF DUAL POWER FOR THE ROAD TRANSPORT OWNERS I.E. ENACT LAWS WHICH WILL MAKE ALL BUSES USE BOTH GAS AND PETROL SO THAT WE CAN REDUCE THE USE OF PETROL.
FYI: NIGERIA IS SAID TO BE THE 4TH LARGEST OWNER OF GAS RESERVE...WE CAN START TO HARNESS THE POTENTIALS OF THIS RESERVE AND USE ITS PROCEED TO BENEFIT OUR PEOPLE.


TAKING A BREAK FOR NOW

PEACE![/quote

very very well articulated, with comments like this, it shows there is still hope in this Nigeria project

adajiboyy:
Lolssss I can only but laugh but in me am boiling with anger and am ashamed to be called a nigerian. hypocrisy has divided this country. u mean under GEJ this was bad and devilish but under buhari its acceptable? Gosh nigeria is gone, only God can redeem this country.buhari I don't like u,I didt vote for u but I wish u the best and may God give you wisdom to rule us.

guy, please read VP reason with an open mind which I think you do have. then you will come to the conclusion that it's just the only option right now. you still have a valid reason for you stand but again, there is just no other option right now. funny enough, I predicted this even before this new government

na wa for this country oh

pull out and get closed down. the banks are suppose to be helping the Goverment
Nonsense

watching the story unfolds

banana republic

And the Lagos we use to know is now a shadow of itself. who cares about how much you save, we just want to see things working



http://www.premiumtimesng.com/news/top-news/191106-im-running-lagos-n3bn-less-than-fashola-did-ambode.html[/quote]

Our leaders and their, shameless speeches

FlirtyKaren:
Very successful and one of Africa's top singers Davido is set to serve his fatherland. Davido's graduation from Babcock University happened last month June and come September, he will join thousands of other Nigerian graduates who will be posted all over Nigeria for the National Youth Service Corp (NYSC). Above is the tweet Davido shared to break the news.

http://www.lailasblog.com/2015/07/davido-to-start-nysc-in-september.html

so freaking what? how is this suppose to be news?

FlirtyKaren:
Very successful and one of Africa's top singers Davido is set to serve his fatherland. Davido's graduation from Babcock University happened last month June and come September, he will join thousands of other Nigerian graduates who will be posted all over Nigeria for the National Youth Service Corp (NYSC). Above is the tweet Davido shared to break the news.

http://www.lailasblog.com/2015/07/davido-to-start-nysc-in-september.html

so freaking what?

Gejpresident:
useless APC list

we PDP are proud of them

for being proud of them, it's either you are dumb or you are dumb simple.

when some of us ACAs made our reservations about this IFRS implementation thing, they said we are baby accountants and that we have to align to the international community. see the shit happening now. my guess is, it just started. most of this bank posted outrageous profit with the IFRS standard. but the real situation was not disclosed. I dey laugh. l

table soccer, nah wah oh, how time flies. children of nowadays sure don't know how to play.

I had to cover my face with Smile when I saw this. too bad kids of nowadays don't know how to play, only violent play.

delishpot:
You nor lie jor! Na rat

I don chop am before o that one get white tip tail. But I no remember weda I like am or not.

no be rat joor, nah burgu we dey call am for hausa, I not sure of the English name. ingress it's grass cuter

Pavore9:
This makes me miss rice farming as there was a constant supply of grasscutters.

The soups were never complete without the smoked meat in them!

So many bush meat here in Kenya but it is 'Thou shall not touch'!

this is called "okete"