₦airaland Forum

ozoigbondu:
Whatever happens I trust the Supreme Court to return faleke's mandate

MyGeneration:
We wud but d moment d oil Price rises be sure to expect us.
Also we are not dragging anything from you we are only taking wats ours and that is our OIL.
Last time i checked there's no place it was recorded that ur forefathers buried oil anywhere in Nigeria.

OPCNAIRALAND:
The question of Jonathan's effectiveness as a President was a constant nag throughout his rule. The truth is the guy is a BUFFON! This is not a secret.

Whether it was written by Tolu, Chike or Musa is beside the issue. Jonathan repeatedly and consciously exposed this country to needless risks...only a BUFFON does that!

gists:
Not the kind of comment you expect abi? Na so e pain you reach?
No time to join issues with a jobless ipob.

kaypling:
All these broke boys on Nairaland too are supporting devaluation because it's opposite of what Buhari wants. I feel sorry for some of you. You guys are ready for bread, water, transportation to double shey?? This is without any significant wage increase in sight. Let's now forget the essentials, that phone, that car, that TV you've been praying and saving for will now be totally out of reach. When that happens, let someone now tell you "we're doing this for foreign investors" tell me you won't slap that person. NIGERIANS it's time to get creative. Go learn to produce something, glass, clay, pencils, shoes whatever. There's opportunity in all of this. If anyone thinks there's a sexy way out of this mess without some creativity, sacrifice and hard work, then you're deceiving yourself. We've left the Era of free money. My sister's driver told me about how his brother that used to sell phone accessories in traffic in Lagos, stayed back in their town to learn how to do glass. People like that I hail.

TheDevilIsALai:
NSE composite value wiped off $10bn in 6 mths and still falling.

The NSE has witnessed nearly 50% loss since may 29, 2015.

[img]http://www.tradingeconomics.com/charts/og.png?url=/nigeria/stock-market[/img]

Have you asked who is dumping shares and in return who is mopping them up?

Most of the shares being dumped come from foriegn investors who see the economy as a train heading for dissaster and most of those buying them are northerners. As the foriegn investors dump their shares it creates a ripple effect leading to most southerners dumping theirs which makes the shares cheaper for adamus to buy into.

As for the naira, the strict rules in place are just hogwash since the black marketers who are mainly northerners still have back door access to dollars from the CBN.

This move is meant to cripple southern business and in turn make the northerners control the forex market.


When I say sense is not part of the south una go begin curse una father

Let us give a round of applause to all the omowalabis who voted chain and bondage.

rusher14:
Buhari loves cattle though.

NavierStokes:
WE DEY WATCH AM:

Meanwhile Paraphrased below are the following
Buhari's economic policy, the height of foolishness Financial Times
Buhari has made it clear, who is in charge of Nigeria's Monetary Policies Bloomberg

drss:
devaluation is d only solution to free up pressure on d naira, but because buari dullard promised to make N1 = $1, he wont do it. Buari has boxed himself into a corner. dis man no know economics at all.

olajubu100:
Good idea. Up Buhari.

jmichlins:
these Biafran online warlords, go and die. Even the Economist all the way from London can see what your yet to see. #InneffectualBuffon chaiiii

coldsummer:
In the bid to clean up the mess by Jonathan and his cronies.
#IneffectualBuffoon

Progressive01:
Jonathan is an Ineffectual Buffoon - The Economist.(2016)

Adminisher:
Saudi Arabia has invested wisely in petrochemicals. That is their real joker. They are leading the world now in the production of ten key petrochemical products. The petrochemicals business thrives on low oil prices. When you look at things you will hate Nigeria and a President like Goodluck who could not build refineries not to talk of petrochemicals. Every unemployed young person or out of job worker should know now who to blame. Nigeria was making 2 million x $124 × 365 X 0.8 dollars per year in 2012/2013, where is all the money

PentiumPro:
GworoChewingMaga. Stop tagging me in this sort of gibberish.

Akanbiedu:
Magicbishop, the Islamophobe, the Yorubaphobe, the Hausaphobe, the hate-filled scumbeg.

You are gonna suffer for a long time because the numbers do not favour you.

Enjoy your pain-filled life.

Oladimejy:
From the day of OBJ the country of Nigeria suffereth theft and the PMB take it by force......From the day of the discovery of crude oil in delta the country suffereth theft and PMB will surely take it by force...Tompolo had been stealing crude oil since the day of independent.(dont ask me how did i knw because me self hear ram from delta citizen

MyGeneration:
We wud but d moment d oil Price rises be sure to expect us.
Also we are not dragging anything from you we are only taking wats ours and that is our OIL.
Last time i checked there's no place it was recorded that ur forefathers buried oil anywhere in Nigeria.

Progressive01:
See finishing!! Rotflmao!!!

Bevista:
The N1.8tn Capital budget will be used to construct roads, mass housing, power plants, etc. I would like to believe that most of those trained artisans will be deployed on those projects.

MyGeneration:
LoL... Dat time states like zamfara wud start making use of dat there solid mineral s they didn't touch since, .
Why they wait for d price of OUR oil to rise.
Then when it rises we continue from where we stopped.

MyGeneration:
Dat mean say state like Akwa ibom go reverse back to house boy state,
Delta own amnesty wud stop nddc wud stop, nd d rest benefit s, that means Delta wud become kidnapper's and criminals deport,
Edo wud become italy bound export state,
Bayelsa own all their criminals wud relocate to Rivers state,
While Rivers, first d killings happening at omoku wud be child's play, ahoada own wud be like civil war, infact the whole state wud boil,
Calabar is already used to being broke so no need,
Abia own wud become like during d Aba crisis,
Ondo dat i can't tell,
Why imo wud become empty.

rusher14:
Yes.

As well as -

General construction, carpentry, steel fabrication, plumbing installation and maintenance and electrical installation and maintenance.