₦airaland Forum

Aufbauh:
'Strength does not come from physical capacity, it comes from an indomitable will' - Mohandas Gandhi
Even without the US tracker, we the citizens are aware that there is a new sheriff in town who doesn't admit pot belly chief of staffs.

MyMouth:
Even that noisy Fayose sef collect loan! Smh

Image123:
If this report suggested that boko haram was gaining ground, it will already be on front-page. God will not forget the wickedness of the last administration.

menix:
So the downward statistic is now recommendable, so losing innocent lives is now a happy news..

Abeg wen una get News wake me up..

omenka:
May God continue to bless our president and those putting their lives on the line to ensure we sleep with both our eyes closed.
Watch it, some people would still be angry at a news like this.

4Play:
Re your first question, assuming no government intervention, exchange rates are a product of demand and supply. The Naira is facing pressure because there is less forex coming in due to the fall in oil prices. The CBN's actions ensure that even less forex will come in and, therefore, makes matters worse. When the supply of anything is low, if demand does not adjust immediately, that thing becomes more expensive. By becoming more expensive, demand is forced to adjust. If the government intervenes to ensure that the scarce thing is obtainable at a fixed price, demand would not adjust easily. Of course, there are no free lunches in economics so the government can only fix price at great costs to it and,usually, with the by-product that a booming black market is created. Hence, the divergence between the official Naira rate and the parallel Naira rate, the latter is the black market and will grow bigger the longer the government maintains its attempt to fix a price.

Regarding your second and third questions, I don't know the percentages. I do believe that in an optimal economic environment, we should not import much of those items. However, the CBN's actions make it cheaper to import goods and therefore ensures that we continue to import things we ought not to import. I know the CBN disclosed a list of items it would no longer provide the forex for importers to import. However, such a ham-fisted way of curbing demand creates a lucrative market in contraband goods, excellent if you are transporter in Cotonou for instance. The best way to curb demand is through the price mechanism not by government fiat.

As for your links, I will try and read these later.

As far remaining apolitical is concerned, I have to say that I have been a user of Nairaland for 9 years and its remarkable how it's evolved from a forum where people genuinely demanded better governance to one where partisan posters spend all day making tendentious arguments. My view now is my view for the last 9 years - Nigeria is plagued by a political system that almost guarantees inept political leaders. Buhari will prove to be a bad leader just as GEJ, Yar'Adua, OBJ, et al. Those who can't see this are either being paid to be obtuse or are so desperate to believe that salvation is afoot that they have been rendered utterly delusional.

fulanimafia:
This is sad and utterly reprehensible. These attacks must stop, it is important to note that the so called fulani herdsmen are mostly armed robbers and cattle rustlers that attack and rob for their evil gain. Several arrests have been made, including a recent one where two terrorists hid within a fulani herdsmans flock and family and forced him along as they perpetrated their crimes.

Several similar attacks and arrests were also reported in the villages and forests of Kebbi and Zamfara States. The 'reprisal' attacks on Fulani settlements must also be stopped.

It is neccesary that we ascertain their identities because you cannot fight him that you do not know.

http://newsrescue.com/73-boko-haram-killed-hiding-behind-cows-herdsmen-trying-attack-konduga/#axzz3jqyYdUQc

cc: LRNZH

IsraeliAIRFORCE:
Why are you copying fulanimafia?


Is he among the perpetrators?

Rilwayne001:
Why don't you just PM him instead of opening a thread to ask about a harum-scarum??

SeverusSnape:
No, we are still waiting, even if it's eight years. Even a toddler knows that's not possible.

SeverusSnape:

Ponponkon:
you and I know the neglect Aba suffered for over 22 years,the best approach is the slow and stady approach he has adopted. They're taking time to open the drainagess and reconstructing them and also doing new ones. Be happy and grateful for once boy

kmariko:
What's is amazing is that nobody to date has listed any policies of GEJ that is illegal or unconstitutional. You might not like the policies of a President becuase it offends your morality but that does not make it illegal.
Illegal policies or acts are what impeachment was designed for.

skidoox:
completed or started is a way forward

shidof:
Y au always pained and angry, it seems as if ur life and well-being depends on Jonathan. U cn't Jst continue with dis ur miserable and delusional life, everyday, it's either ua pained by Buhari, Islam, Hausa or Yoruba's. U rily need to get a life or lagoon can be a beta alternative for you.

omenka:
You forgot to say "already taken over by Jonathan". How could you.

And you should feel more sorry for your miserable life. You crawl around carrying so much hate in your belly you can hardly make yourself useful to anyone or anything.

Fulamafia:
Those so called herdsmen are pure criminals, they have been apprehended severally in Kebbi and Zamfara states for armed robbery. Even the cattle they masquerade with are stolen from nomadic Fulani's.

The sooner the identities of these 'fulani herdsmen' imposters are established, the sooner we can eliminate their blood-sucking activities. You cannot find what you don't know you're looking for.

Back to topic.