₦airaland Forum

babasolution:
There's shrinking press freedom in NIG under this democracy and it can get worse,

A king can be deposed besides,even the worst monarchs have fear of their own people unlike democracy were a political ruler can always pass the buck

How many monarchical country do you know that the king was deposed in the last decade purely by the citizens not with no external support?
If you find any, How is such country fairing economically as of today?
Even if you think the press freedom is shrinking in NG it is still way better than any monarchy in the world including UAE & Saudi.

babasolution:
Democracy has been demystified in Nigeria, it really doesn't look like the best form of government for Nigeria.

The biggest issue of democracy is that it gives room for a lot of excuses,it makes politicians unaccountable
especially for Nigerian democracy.

Many political office holders can easily make excuses for themselves and pass the buck.

Governors will blame the presidency, presidency will blame governors, lg chairman will blame governors,

Governors will blame legislators,legislators will blame judiciary and vice versa.

At the end of it no one can be held accountable


I think if we had a monarchial style government, the ruler or rulers can be held accountable for their failures.

And if they don't remedy these failures a revolution can easily occur as everyone will be focused on the ruler.

However, this can't be practiced in NIG, unless NIG breaks up and every tribe is ruled by its own royal family.

Democracy has failed in Nigeria.
Politicians are just catching cruise
Toying and joking with their positions because they know they wud never be held accountable.

Many politicians in top spots don't deserve were they are,they are just ruining a nation without consequences.

I have some questions!
1. How will you hold a KING accountable?
2. Who did you support during the last election?
3. Do you think there is press freedom in a monarchy system?

hisexcellency34:
Good one but I saw him holding meeting with agberos and I wept

If all governors were this proactive in ensuring peace amongst their citizens & residents alike I am certain we wont have the outbreaks of insurgencies, bandits & IPOB.

PlayMaker14:
I said it yesterday....

Don't write off Fubara. He will plant a strong headed stooge at the House of Assembly to checkmate some members loyal to Wike.

I am not sure this a good move because typically you need a less dramatic person as chief of staff who everyone including your enemies can relate with. For example how do you not expect hostile communications between this cOS and the house of assembly considering their antecedents?

Happy New Year

yMcy56:
Merger? Acquisition?
The concern is their non-interest mode of operation...
Any opinion on how this could be taking care of, should it be merged or up for acquisition?

Interesting question--maybe they will become a regional bank or mFB because I doubt anyone except Govt is willing to work with their model.

Minime10:
The car is fine, but what if I give u 15million, though the car is not full option, not even an XLE

You way too nice considering its been posted since february

Bluntemperor:
You are not getting it- because we are talking about food for all Nigerians,so whatever that can drive the Price down and make it affordable for Nigerians,is highly welcome!
• I once Suggested to President Tinubu:
• to allow Massive Rice Importations - in view of the CBN- failures to get Farmers Money through the Anchor Borrowers Money Unaccounted- running into NTrillions, according to Reports,because of Fraudulent Manipulations Activities, from CBN Past Management,so Farmers have no money and therefore there are no Seed Plantation and No Foods for Nigerians! A hungry Nation,are angry People!
•Added to this is the Criminal activities of Bokoharam, Kidnappers,the Terrorists-chasing away the Farmers and destroying their Farmlands,Houses and Properties, especially in the Northern Nigeria! Security is a Must for Farmers!
• The best Short term Solutions is to Imports Rice ( which the CBN Management have done,by lifting the ban with )other 42- Other Items and Subsidized it for the next 3- yrs and the Nigerian Government - should now seat down with Federal and State Agencies, and Farmers Co-Operative ,on how we can have good Food Surplies and Surplus on a Longer Term and Exports some to other Foreign Countries to earn Foreign Exchange Currencies- Short term and Long Term Measures must be embraced by Nigerians!
• So far, CBN have not given the nods that it had lifted the Ban of these Items- as Nigerians are not hearing from the Agriculture Minister- who are those Importing the Rice- for Nigerians to hold them Accountable,as nobody is talking to the Masses- when do we have the Rice and others in Nigeria, even the Customs Officials are stopping and arresting those bringing Rice through Idi- Iroko and othe borders,as if they have not read the Orders to Import Rice,etc! Meanwhile Nigerians are hungry!
•Dr Adesina-of AfDB-did this ,while he was an Agriculture Minister then under GEJ and even have Open -Wallets - for Farmers- to Fund their Farms,so since the Minister left Nigeria,so what went Wrong with Agriculture Sector? Who do we hold Accountable in Agriculture Sector now?

Good idea! IMO it does not appear as if we have comparative advantage in rice/paddy production compared to corn/meat---lets focus on the areas we are certain of results.

TOPCRUISE:
If the rice doesn't woo after cooking, then it's not value for money.

too funny you got me looking for the meaning of "woo" in english dictionary

TheGift:
They can peg all they want, they can never peg the laws of demand and supply. The scarcer the product, the higher the price. 20,000 bags, for a state of 20 million people and the highest consumers of rice? You do the math.

If you want them to do better first acknowledge the efforts made thus far, if every state can produce 40K bags of rice this yuletide life will be better. Its okay to say its expensive & inadequate but admit the positives which includes jobs provision amongst others; that is how you ensure incremental development. Even as individual you will pay more attention to someone who is willing to acknowledge your efforts while making suggestions on how to you can do better than someone who castigate you all the time.

wowcatty:
Your comment is nauseating and scary at the same time to say the least. Real men or women don't go down without a fight.

As a woman, the number 1 problem I discuss with my family is how to lay hands on guns for protection in Nigeria. Where I live, the kind of weapons I request at the shooting rage and buy always surprise my family. My belief is, if I'm gonna have to use it, then it must a FINISHER!

Take your defeatist mindset somewhere. If war comes calling, we will dig our boots into the ground and fight till the last drop of our blood because my children will never be slaves on their native land.

I hope a person like you never again makes it to a position of authority in Yorubaland, so you don't hand over the land without trying.

You are entitled to your opinion and perspectives but reality tells us who has recorded more deaths between Hamas and Israel.

wowcatty:
We are talking about defending our land and that's the only thing we are concerned about. We are not invading any region, we have a duty to protect ours from invaders.

Of what use is the land if a significant chunk of people whose future will determine success or failure of the land are killed in a needless and thoughtless attempt to protect the land at the expense of the people.

Your most important asset is not land but people and the capacity (Knowledge) of the people.

bamasite2:
The foundation of the strike is faulty!
The right time to strike was when the subsidy was removed in a [i]hurry[/[i] without enough measures to cushion the effects.

And the floating of the dollar, which although is a good thing, the masses are not ready for it,.and most.dont understand it. Because what they understand are the price tags!

I think the best time was during the cash swap by CBN—-labour refused to come through for the average and poor Nigerians perhaps because of other interests which are obviously selfish and anti-people.

wowcatty:
Only that this time will be the last one.

People didn't understand it the first time but now they do.

Have you heard of "Ara to ran bomb lowo? Or do you think the warships that visited Nigeria from China and British just wandered off to Nigeria? Those are two opposing powers that are coming to take sides in the showdown, so look well before you leap, bitch!

Was Nigeria not supposed to have broken up by 2015 according to the CIA? Nigeria is on burrowed time and president Tinubu might actually be the last president.

Do you know the implication of the humanitarian crisis on the west? Think —without a war already there are thousands of asylum seekers what’ll happen if there’s any major crisis here.

Even though there are number of changes recently I am not sure there is an exact ban on fb-lite-app clicks. I will suggest you target web visitors and leave out mobile for a while then compare the actual clicks

Btw; do you run that site? I have some questions on the programs & process.

Great work

Chicagograduate:
You posted a BBC link.Why not post a media link from the U.S?
I could remember the former u.s.a president,Donald Trump and the speaker of American house of representatives always attacking each other due to disagreement in trump policies.How much is Tinubu paying his media propagandists to always see a wrong thing and justify it as the right thing?

There is no country in the world where the executive will not play an active role in ensuring that its preferred candidate emerges as the leader of the parliamentary. This is reality either in Lagos, Anambra, Adamawa or USA, India or south Africa.

Shalom!

Chicagograduate:
When you see a president saying" This is the lawmaker I want to be senate President"is because anything he sent to him must be approved,whether good or bad.

There is no separation of powers in Nigeria s democracy.Is that how it is done in the U.S?

FYI Yes that is how its done in US.

https://www.bbc.com/news/world-us-canada-67201933

LordAdam16:
I asked you to tell me the exact amount NNPCL remitted to the Federation Account.
You're giving me a shitty, inaccurate estimate.

We don't sell our crude at the exact average brent crude price.
That figure you shared does not account for PSC deductions.
It also does not account for oil swap liabilities or other obligations of the NNPCL.

You just take figures at face value and go on the offensive without understanding what it is you're talking about.

NNPCL resumed remittances to the Federation Account in June of this year after 18 months of zero remittance.
https://www.thecable.ng/nnpc-payment-of-n123bn-to-faac-shows-were-moving-in-right-direction

That's what I'm asking for.
Tell me what they remitted for September 2023.



Do you have trouble understanding the English language?
Read that writ again and identify who said the loan funds will be disbursed this week.

-Lord

You consistent deflection is testament of your lack of character. I wish you the very best and wish Nigeria better days.

Shalom!

LordAdam16:
I ignored you the first time.
Please avoid me.

If I ask you to tell me how much NNPCL sent to the Federation Account last month as crude oil net income, you'll start stammering.

That's how you asked the stupid question about the leak that put inflow of the borrowed funds to start this week. There it is in black and white. https://www.thisdaylive.com/index.php/2023/10/27/fg-moves-to-securitise-nlng-dividends-for-7bn-cash

If you're ignorant, try to seek out information independently. Not become a public irritant.
I'm not responsible for your education. You're a grown man.

Now if you'll excuse me...

-Lord

Here is a link to oil receipts in September 2023

https://businessday.ng/energy/oilandgas/article/nigerias-crude-oil-revenue-soars-by-%E2%82%A6274bn-in-september-on-improved-output/?amp=1

I asked for a source of your acclaimed leak you provided an article which reference a public statement by the president. Perhaps you need to read through the article; how on earth is a statement credited to the president still a leak?

Referring to me as ignorant is quite ridiculous but as long as it does not reduce my bank account it’s just tantrums.

Since you’re the learned one kindly provide proof of a leak that does not reference the president. I mean can you call a public statement by policy makers a leak days after their statement.

LordAdam16:
Well, the reserves stopped shrinking mid October.
That'll obviously reverse after the latest intervention.

Our inflow from crude sales is fuzzy.
How much we're producing.
The discounts.
What percentage is earmarked for pending obligations (like the crude oil swap agreement).
All of those are hard to make out if you're not an insider.

-Lord

You have no business discussing this topic if you do not know how much oil we are producing. There is nothing fuzzy about it our production has been marginally increasing for the past few months. Again you are pushing your opinion with no fact.

ivolt:
The way to know real changes in foreign earnings is from official windows.
If you see a sustained downward trend of dollar, then the earnings has increased, otherwise,
it is business as usual and the government is just trying to scare neophytes in the short term.

Well the official windows has shown the naira appreciating recently---perhaps you should check I/E window & Nafex over the last 10 days.

ivolt:
The only news that matters is whether the government has started earning more dollars.
Since the answer is no, then the "hoarders" only need to wait.

Have you checked Nigeria Oil production levels in the last 3months? Check You will find your answer.

LordAdam16:
They leaked to the press that they'd receive funds this week from foreign lenders and start clearing the backlog.
They made this inaccurate disclosure because they had to stem the drop in the parallel market.

If this week had ended without any action on the backlog, it'd have led to a surge next week.
That's why they're tapping into the reserves.
Preliminary reports state they took out $1B.

I guess they'll stagger it every two weeks or thereabout until they receive the funds which they'll then use to plug the leaking reserve.
Meanwhile the downward pressure on rates will hold.
Ensuring a near-term band of 900-1100.

All of this is contingent on those funds coming in before the end of the year.
If they don't, we'd have a negative net reserve and rates will crash with a vengeance.
It'd have been great if the Dangote Refinery had commenced gasoline refining.
But while it may yet kick off before the end of the year. It'll take a while to ramp up.
Most of our crude is earmarked for export to secure prized $.

The CBN is trying to restore belief and confidence in their capacity to meet institutional obligations.
To that end, this is helpful.

-Lord

You claimed CBN leaked the news to the press yet the both BAT & Wale Edun mentioned it during the NESG event recently. How is that still a leak?

How do you know for certain that the anticipated funds are yet to come in? Please provide proof otherwise you are only assuming! Why are you implying your personal assumptions to be fact??

TruthsFM:
Seun you know the fact here, but it’s very unfortunate here, you are hiding from the fact. Buhari and Tinubu government destroyed Nigeria economy. It’s in Buhari government that Nigeria was the poorest country in the world. Stop defending this clueless set of oppressors. You are eating in Buhari/Tinubu government, but it doesn’t speaks to you that Nigerian businesses are collapsing by the day over the harsh Economy APC government established in Nigeria. Stop this your lies and propaganda here. Nigerians know the fact and nothing but the fact.

Must you expose your ignorance?

Greek Gift

slivertongue:
Available factual data as aggregated from several independent sources indicate that Obi got the majority votes while Atiku came second. Bola came a distant third in the number of votes scored.

Name the sources? number don't lie right? State the acclaimed factual data.

CBN has no business banning anything in the first place; if the FG wants to improve local production they should prohibit the imports of certain items directly not through the backdoor.

Hopefully, this will close the gap and bring about stability which is what the economy needs to drive growth.

lilkech:
lol erm sorry, lemme quickly do some small simple calculations here because unlike our commander in chief I actually have my accountancy certificate and it's class, grade or honours has never been in any dispute . . .



So therefore . . .

July - August - September = 31 + 31 + 30 = 92 days
Total debt (internal & external) = N54.13tn + N33.25tn = N87.38tn

National debt accrued daily = N87.38tn ÷ 92 days = N949,782,608,696

So my fellow country people, what this thread is trying to tell us is that, for the past 92 days, Nigeria as a country has been accumulating a daily debt burden of Nine hundred and forty-nine billion, seven hundred and eighty-two million, six hundred and eight thousand six hundred and ninety-six naira ONLY (emphasis on the ONLY at the end of that string letting you know there is no KOBO value in that figure)

EVERY - SINGLE - DAY or EVERY - 24 - HOURS

and you're telling me . . .

and I'm telling my children . . .


Which president can handle it?


Which imam or pastor can do it?

Hoooooo Laaawd Have Meesssiii

Read to understand not to expose your ignorance & biases.

Philgafauto:
I dont think distance has anything to do with this issue. And we both know Washington DC is located inside Washington State. Washington is one and not two, the size notwithstanding.

Likewise, FCT can have a minister while a Governor has and exercises executive powers donated by the constitution and the mandate of the electorates. This is not a difficult issue at all. It is just a constitutional consequence which will flow from the Supreme Court's judgment.

Illiteracy is a big problem in this country @seun maybe we should conduct IQ tests before users are allowed to make posts on NL

Imagine one conflating Washington DC into Washington state and arguing same? Yet claiming to be learned.

Lastmankc:
Shut up,nah still the same thing.The same party,

God Bless You!

Cti28:
That is what the media says.
The truth is most of these tax does not get to the government coffers

I agree this is why we need to centralize & automate revenue collections.