₦airaland Forum

Feb 8

Feb 8

Land

LPO

Fr sale

🍀Die if you like, the Dollar will keep rising against the Naira!!!🍀
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Oni Gbolabo

People in Government must read and heed these:

1. Appreciation and Depreciation of Currency is not related to race or color. It isn't who is the President either; be he Hausa, Igbo or Yoruba. It is basically about the production of goods and Services and the demand of your products in the World market. A confused Country that produces almost next to nothing will never meet up. Policies only control your Currency, not the value of other Countries' Currencies against yours.

2. A Country where over 500 Industries died within 30 years must be Stupid to complain of Depreciation of her Currency. We keep killing local industries and expect policies to make it up, it's a joke sir. Don't use China as an example of depreciating Currencies and strong economy. China produces and may attract more export with that strategy, unlike Nigeria that produces nothing.

3. A Country where someone made away with $2+billion simply to be shared, is already a doomed one in terms of monetary policy and value. A Country that produces a Dizeani and a Bafarawa, who spent billions to appease Demons. Those money without economic value is an economic waste and poison injected into the system.

4. A Country that favours importation over local production is doomed because it creates employment for other Countries while sacking her own Citizens. Some people are working in Michelin and Dunlop somewhere, yet we use the tyre here. Don't tell me about the principle of comparative advantage here; it's not applicable.

5. A Country that exports all raw materials without adding value to them, is shameless to talk of depreciation of her Currency, and will later re-import finished products of those materials, is the peak of daftness. A bag of Cocoa will go for, like N1million Naira, but when it is processed, its worth is around N7million. Even farmers who produced the raw Cocoa can't buy the end product... Chocolate!!

6. A Country that deliberately operates a banking system that gives loans to importers at the expense of local industries, is doomed and should say nothing about depreciation. Most of the loans are given to Senators and Representatives not industrialists.

7. A Country that gives loans in billions to the agric sector without monitoring & evaluation of such loan on how it gets to the real farmers, is a Sham. A guy collected over N2 billion agric loan, he bought a Jeep, built a nice house and used the rest to import processed Pork. Meanwhile, local Pork Farmers are dying here. Is that not double tragedy, stressing Forex and at the same time killing local industries.?

8. A Country that spends more on few privileged politicians at the cost of the populace who are unemployed, should not talk about money depreciation. A Country that keeps paying NNPC Staff N10 billion as Salaries every month, when a single drop of Petroleum Products was not processed, should shut up about depreciation of Currency. The only value-added product to the system is rising Crime and Criminality!!

9. A Country where it is difficult for investors to register businesses because of the demand for bribes by governent officials. Right from the Airport to the Hotel; to the Ministers and to Governors, investors will bribe. All these are part of cost of investment. A friend brought an investor on Estate Development just for the State Commissioner for Lands to demand 30% of the investment! To see the Governor in a State will cost you N2 million as bribe before you can be scheduled. This is a State as poor as anything.

10. A Country where the cost of travelling for treatment abroad by government officials will build World Class Hospitals, should not talk about Naira against Dollar parity. Money taken on that trip is part of stress on forex. Same as forex spent on Pilgrimage. Let religion fanatics keep off me here. Without going to Mecca or Jerusalem, you can still make heaven. Yes! You waste forex on Pilgrimage and later talk rubbish about forex. Pilgrims get Dollars for N160 while industries get it for N350! Is that not Crazy ?

11. A Country where a
few people have access to Federal Reserves and those few can get loans, not because of what they can produce but the connection they have... Is that Country not doomed already?

12. A Country where we import what we produce because it's "Cheaper" to do so, is doomed.

13. A Country that has Arable land and teeming idle youths but still complains of hunger, should not talk about Currency depreciation. It's not only annoying but nauseating.

14. A Country where free money flows can never control inflow and outflow of Forex. Imagine someone who wants to hide his loot went to "Aboki", the Forex dealer, to buy Dollars worth $50 million just to hide it in the basement of his house. That money has no economic value, yet it deprived those companies that needed it to import raw material. The same Companies go to "Aboki" to buy the hard Currency at exorbitant price.

15. A Country where a strong Bank owner can influence Shares from within the Stock Exchange floor to inflate their Shares' worth from N20 to N150, crash the same Share to N30 and ready to buy it back at N28, all within a year. Forget it, the Currency will never appreciate in such an economy.

16. A Country where Banks are involved in round- tripping and inflated cost to siphon money, is doomed. A Company wants to import Caterpillar worth $50,000. A Bank made the forex for such import $550,000. Meanwhile no Caterpillar was imported at last, yet the money faded into private accounts. Who strained the Forex exchange rate in that case?

©️Oni Gbolabo
😱😳😨🤔🤔🤔
Thanks for Sharing this very interesting and highly informative text. Leadership in Nigeria is for making wealth for the leaders and no more for rendering Services to the populace. Nigerian leaders ranked as the most corrupt, selfish, greedy, ungodly and wicked leaders in the whole world. What a monumental Shame!! 😱😨🙄🙄

Friends, I found this piece by Oni Gbolabo highly enlightening snd informative, hence I made a little input too, without distorting the writer's original ideas.

*Copied*

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GOFRONT:
Can anybody confirm for me if Moses Bliss ran a genotype test with his girlfriend before showcasing their engagement on our Social media pages??

Why do you seem interested in this? It's his life and choice!

8. His father, Prof. James Akanmu, is a professor of civil engineering at UNILAG and lectured him in four courses: Introduction to Civil Engineering (200 level), Engineers in the Society (200 level), and 2 Environmental Engineering courses (500 level).

I no understand this part well... isn't this potential 5points for him?

Asking for a friend

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Uncover the potential of this remarkable property featuring blocks of 6 flats with 3 bedrooms each and a block of 4 flats with 2 bedrooms each. The master bedroom is ensuite, while other rooms share a well-appointed toilet and bathroom. Notably, one of the flats is currently utilized as a mission house by a church, adding a unique element to this versatile property.

Location:

Situated just a few meters from Iyana Ipaja bus stop, this property enjoys a strategic location that provides easy access to transportation and other essential amenities. Whether you are considering it for residential purposes, a hotel, hospital, school, or more, the possibilities are endless.

Asking Price: 300 Million Naira

Value Proposition:
What makes this property an outstanding investment is the tremendous potential for rental income. The current inflationary climate has led to a significant surge in rental values within this locality. By acquiring this property, you not only secure a prime piece of real estate but also tap into a lucrative revenue stream through rental proceeds.

Rising Rental Value
Value Proposition:
What makes this property an outstanding investment is the tremendous potential for rental income. The current inflationary climate has led to a significant surge in rental values within this locality. By acquiring this property, you not only secure a prime piece of real estate but also tap into a lucrative revenue stream through rental proceeds.

Whether you choose to maintain the existing residential setup or explore commercial avenues such as transforming it into a hotel, hospital, or school, this property is a versatile investment that aligns with the evolving demands of the market.

Why is this a Good Buy for Money?
Income Potential: Leverage the high rental values for a steady income flow.
Strategic Location: Few meters from Iyana Ipaja bus stop, ensuring accessibility and convenience.
Versatility: Explore various business opportunities with its adaptable structure.


Asking Price: 300 Million Naira
Call or Chat Sam on 0809 600 2981

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FOR SALE: RESIDENTIAL LAND

Land measuring 1,500 square metres

Location: Banana Island, Lagos

Price: N3.0 Billion

Title Document: Deed of Assignment and Fed Govt Consent

Call or Chat Sam on 0809 600 2981