₦airaland Forum

Ondoterrorist:
Do you smoke with your parents?

Regards to your parents

Ondoterrorist:
Check the expiration date of the things you smoke

Counter accusations with fact and not curse or abuse. It shows how demented a fellow is. If you can't contribute to discussions, why not view and pass?

BafanaBafana:
Wike can never be president. Nobody will trust him with power. See all he did for PDP, did they give him ticket? Even Tambuwal his right hand man sidelined him. They all know he is an asset and will keep him so they can use him while making him feel powerful.

Till then

Yemmysworld91:
How Wike has been able to outdo Amaechi twice is surprising to me. Wike played a pivotal role in getting Amaechi out of Pdp in 2014/15. He has done the same again in 2022/23.
Can we say Amaechi is not politically smart. Wike seems to have won him in all their political battles.

Amaechi couldn't even win Rivers for Apc in 2015 and 2019.

Can we conclude that Wike is politically smarter than Amaechi?

Amaechi is not smart. He thinks highly of himself. Wike is a smart guy. Respect bigger boss and won't mind to prove his loyalty to anyone bigger than him. He believes serving you is not slavery. Amaechi always thinks he is a big fish. Wike knows the bigger fish and always align himself. Wike "might" become the first democratic president from the SE. Man understand what they call, "PROCESS"

SharingIsLife:
This Punch report claims that USAID recently supported 18,000 Nigerian small businesses with $244 million which amounts to almost 2 billion naira. Kindly indicate if you know any beneficiary of such a grant in any of the 7 states mentioned. Kindly stay away if you don't have any substantial info on this because this is part of an effort to combat grant fraud in the country. Thanks.



Source: https://www.punchng.com/us-supports-18000-nigerian-small-businesses-with-244m/%3famp

Very good one OP. This is fraud and we should all make sure we get to the root. Thanks for bringing this up.

Kukutente23:
Demand kept growing? Who is feeding you all this bunkum?
You're missing the point totally.
1. There's no govt that does not defend its currency.
2. APC govt especially under Buhari and now Tinubu keep messing with our macroeconomic fundamentals without putting in alternatives.

The two above is what's been killing our currency and our economy under APC. For example, under PDP, our economy grew at an average of 5% yearly. Under Buhari, we grew at an average of 0.8 thereabouts!

The scenario of subsidizing dollars started under Buhari. Don't generalise it. Our currency was the worst for it in the parallel market. And how has Tinubu devaluing it fared? The gap between official and parallel market is back and worse still, it's harder to access forex in the official market than before!

You APC supporters need to own up to the reality that APC are very poor at economic management. It's that fact that you don't want to own up to that makes you keep bringing up different narratives to deflect from the mess being made of our economy.

Tinubu could not have been the best out of the trio. He refused to be interrogated on his plans.

If i ask you what makes you think he's the best, you'll point to Lagos. That's propaganda. Lagos has always been the prime city of Nigeria. And it has not been the best run state in Nigeria since 1999.

Tinubu's ACN ruled other states apart from Lagos and none is an eldorado presently. So using Lagos as a yardstick is purely crass opportunism.

There is different between defending and subsiding (saving) and part of saving it is to devalue it.

Yes, I have told you that Nigeria has been blessed with bad leaders but Tinubu is still on the right track till proven otherwise. So, you don't want Tinubu to devalue it and you don't want him to subsidize it as well?

I don't even like APC but it is bad to blame Tinubu for Buhari's failure. Governing Lagos was not the most important yardstick I used to access the trio but part of it. Tinubu understand governance more than the other two. We don't have to keep saving the Naira it has to find his own niche.

Lastly, yes request were getting higher and this even made the government to ban some trades from accessing Forex at the legal window (bank or I&E).

During Jonathan's time, the gap between the I&E window and the parallel market were so insignificant because there are leverage for the parallel market dictator to access USD from the bank BUT it is not sustainable.

Honestly, the country is in big shit and any leader working his betterment will be hated because the development will come with hardship. However the country is deeply in mess, it will be hard to correct so it has to be done silently and gradually and that is what Tinubu is doing. Look at Nigeria's budget and how much they are even planning it on. Then look at the HIGH demand for Forex. What do you think will happen to the Naira?

Those who are enjoying from the decay are the ones fighting and harassing the government using the people because they know that the suffering will be too much for the people to bear AND it is a must for us to bear it if we want to succeed.

Honestly, Tinubu is on the right track what Nigerians need to do is to support him BUT do you think it will be possible? No! Because people's fare will be used as the weapon to fight him and he will have to alleviate the suffering. I pray people understand

Kukutente23:
I like the fact that you're honest enough to accept govt responsibility but I think you're misguided if you genuinely think Tinubu has not made economic blunders.

If you're a good student of history, you should ask yourself how come dollar to naira moved by just N150 from 1999 to 2015 but accelerated by over N500 from 2015 to 2023 and has accelerated further by another N500 in a space of few months under Tinubu.

Were we exporting more during the PDP years and immediately APC came in, Nigerians simply became lax and lazy and started importing while not exporting? This is a critical question to ask for any honest and sane mind.

Now, check my posts. I've always been against subsidy removal from the get go because our economy is petrol-run. It is a fundamental for us and if we don't have a substitute for the supply, it makes no sense to remove the subsidy.

Secondly, the idea of floating the naira is an IMF idea which NO developed or serious country entertains. The US devalues dollars and firms it up at will. Same for China. The idea of floating is harebrained. Currency is not a commodity. It's a store of value. There is no value you float that will not be debased.

You can try it with anything of value you have. Let's assume your phone is worth 500k in your estimation and you need 450k. Then you take your phone to a pawn shop or an auction. Do you really think you'll be able to sell it for even 400k? But if a buyer comes to you of his own will, you can even sell the phone for 600k.

The point of my analogy is that floating the naira was actually an euphemism for exposing it to all the market vagaries. This has led to what we have now and the dollar you're claiming govt is pushing into the market is to reflate it after seeing the terrible effects of the floating experiments.

So it's not about imports and exports. As a matter of fact, according to NBS data, we exported more and imported less in the 2nd quarter of this year. How do you now explain the falling value of naira against ALL other currencies in light of that fact?

You are still not getting it.

The demand kept growing over the years and Nigeria kept cushioning the effect using their earnings from the sales of crude oil.

Now couple with the fact that the government is corrupt, most of the parastatals leaders indulged in arbitrage. Nigeria was subsidising USD and pushing the price down using their own money at the official window and giving few people privileged to access it and thereby reselling at the parallel market.

The more you look the less you understand.

Tinubu stopping all these, he will have to devalue the currency so that it can be a little at par with the street value because if they don't, they will keep spending more money to subsidize it so as to keep the fake value.

I don't like Tinubu and he is not my candidate but I will keep saying he is the BEST out of the trio. He understands there is a problem and wants to tackle it.

No problem. Wish you luck

Kukutente23:
Whose responsibility is it to retain the value of the naira?
You conveniently forget that it is not only the USD whose currency value has risen against the naira. The naira has fallen against ALL currencies including the CFA used by all our neighbors. In fact, it is the fourth worst performing currency in the African continent!
In light of above, explain to me again how the govt is doing the citizens a HUGE FAVOUR

It is the government responsibility to do that and Nigeria has always been lucky with bad leaders.

Secondly, the Naira can't be strengthened against the USD and other currencies if Nigeria are strangulating it by not adding value, producing and not 90% self reliance on foreign goods.

Euro and Pounds are higher than USD. You don't expect USD to raise in a place and then expect currencies which are naturally higher than USD be reduced. They have to be regulated as well hence other currencies.

If you want your Naira to improve, try to bring in more USD into the economy that will be atleast more than100% of what is being needed, with that, Naira will find it's value.

Secondly, the Naira can be devalued even if Nigeria are exporting so as to lure more exporters into the bringing more USD. Afterwards, Naira will now find it's place.

Nigeria's leaders are so greedy that they focus solely on oil without developing other areas. These lead to our self reliance on crude oil and thereby neglecting other factor. Now, that the earnings from crude oil can't satisfy 30% of our needs, what do we do?

Tinubu has not done any economy blunder. He is just trying to patch up what he meet on ground.

Naira will find it's place ONLY if we start exporting more.

Kukutente23:
What is the normal thing to do?
Pls enlighten me. You made it sound as if govt is doing the citizens a favour. Do you mean citizens or slaves

Now, you are getting it. THE GOVERNMENT IS DOING THE CITIZEN A HUGE FAVOUR. Subsidizing the USD for them and not allowing the USD to trade freely.

The real value of USD is way above #1k due to the huge request piling up. So, the government is doing the citizens huge favour.

Now, you should think of what can the government do to bring in more USD to cater for the needs of Nigerians. Then let's talk again. Thank you

KingOfAmebo:
You need inflow, heck, why didn't you inform Tinubu before he blindly removed subsidy without a single working refinery and unified forex without scalping bureau de change? Seems you have agreed Tinubu goofed.

Your argument is so lame you forgot it has been in existence before you were born.

You empty skulls are way more disastrous than those in power.

You need deliverance. May God heal you. Try to eat and read

KingOfAmebo:
You people should be hired to defend the devil on judgment day, you will see reality facing you yet you keep looking for an excuse for the politicians that don't give a fvck about you.

What gains did the closing of borders bring when Buhari closed borders in the name of encouraging local production?

What gains did we see when Jonathan encourages us to buy local?

If we are to produce locally wont we import machinery and raw materials we don't have here abroad?

What happens to choices, Nigerians will chose an iohone over any locally produced phone because iphone is a global brand.

I don't even know how you guys use your brains sometimes.

Oh my God! How can someone be this daft? The need (USD) must not be above earnings (inflow).

We will still be importing but the inflow must be way above the request. With that Naira will be strengthened!!!! Do we need to open your skull?

Kukutente23:
I have been reading a lot of ignorant govt supporters claiming there is a policy to "kill" importation. Let me get you guys right. You want to kill importation but you hope to export abi. The other countries are fools abi. The machinery and equipment you will use to produce locally usually fall from the sky during rainy season abi? You guys are dumb.

Your god said yesterday that there is a plan to inject $10bn into forex to stabilize the currency and increase its value. How does that match the claim of you his supporters that there is a need to devalue or currency till we "kill" importation and purge ourselves of foreign goods longing? You are very dumb

How I wish you can just be enlightened a bit. You would have shot yourself for this rubbish you commented.

Nigeria injecting another huge USD into the economy is to relieve people like you who shouts and groan like they are being killed for nothing! Nigeria is subsiding USD to ease frustration BUT that is not the normal thing to do. However, if they fail to do such, people will CRY! So, the country is just patching up

You are too dull

Magnoliaa:
@Majesty7, maybe you can help a fellow intelligent brother out because I see you calling someone ignorant up there.

Let me respond to you.

If you want your economy to improve, you have to produce more so that it strengthens your local currency and there won't be high need of foreign currency by your citizens to purchase good outside your borders.

Nigeria is heavily dependent on foreign to get MOST goods her citizens uses. Nigerian government in order to make life easy for them have been subsiding Forex for her citizens using their inflow of Forex through their crude oil sales.

Any country that consumes more that what it earns will definitely find themselves in this type of situation Nigeria is.

Now do you know the amount of USD requested by Nigerians everyday? How much is the inflow coming into the country? The request is more than ratio 1:5. That is, Nigeria earns (inflow) ratio 1 and the demand for Forex is at ratio 5.

Go to your bank this morning. I mean your local branch and not the head office and ask how many request do the have for dollar and how many USD comes into the branch daily?

If you understand this, I can now explain further but if not, I wish you Goodluck

Artiiclebeast:
Hahahha

Voodoo economist has spoken...lol

The op will start patronising and buying "made in Nigeria phones".

Una too funny abeg.

You just exhibited a very high level of ignorance. You quoted someone who is clearly way above you and you sound so stupid doing it. All these hawkers with android phones...

Salewa97:
CC: Mynd44

David! Bobo need more funds

Emaprince:
Soon as I saw this thread, I knew it's a woman.

Na them go wan turn motivational speakers on top single motherism, and aslo try to glamourize it as a successful lifestyle.

Didn't bother reading. There is no gain in being a single mother.

They just keep racking up body counts and getting emotionally damaged more and more.

You are right.

amprat:
Dear Single Parent,[i][/i]

I

How old are you and how old are your kids? Not yet uhuru and your little success is not a yardstick to promote single parenting. What have you done and what have you seen?

Take care

boxypane:
If I say you are foolish, will I be wrong?

The boy is EXTREMELY foolish

benzypher:
...and the BBC existed long before uberfacts but that does not stop thier integrity from being questioned when they "spin tales" not in line your narrative.

you guys do not learn(or may be have short memories)

my advice-
keep calm

let the files be released

then peruse through it to determine it's worth to your cause before wailing.

They are just bunch of fools.

AntiChristian:
Uber ko bolt ni!

After Uber cum release finish they'll drive FBI come supreme court!

Remember Chimamanda and some Osubidients wrote letters to Biden!

FBI files will make Biden remember the letters so he'll just declare a state of emergency in Nigeria.

Immediately Biden will call Obi and tell him to take over the presidency with immediate effect!

We have many asinine people online these days!

Uberfacts are known rumour mongers. They were paid by the stupid headless mobs.

https://www.nairaland.com/7647935/truth-uberfacts

They are not a reputable news source

taylor88:
This one thinks UberFacts is owned by Enugu man who was the first person to drive Uber in Nigeria


UberFacts that has been in existence before them born you


A professional international body is who you’re calling bigotry lies and hate abi you think say na Anambra man get am


Who says Tinubu won’t complete his tenure? But I’m happy the whole world has seen Tinubus nyash


You’re here consoling yourself while Tinubu himself dey on panic mode knowing the damage it’s going to do him

So many times your idiocy stinks to hell.

This is a report about your so called uberfacts on nairaland few years back.

https://www.nairaland.com/7647935/truth-uberfacts

Your days are numbered. I can guarantee you that

officialwdhtv:
Trending Video Of A Nigerian Lady And Her Cute White Husband



https://www.youtube.com/watch?v=pB0lR6OaqVo

And this one get parent?

Most of these guys are just completely daft. Obi and Atiku never said they won. They are just challenging the process and which have been defended by INEC. So, what else?

Obi never showed figures of how he won but just want the process cancelled so that they might declare a rerun and this has been tackled already. Atiku knew this and went further to cancelled the election by presenting the winner as not fit due to his academic background but this also has been rubbished.

Is it that you guys can't think of what? Why shouting or rooting for Obi? Does he look like a better candidate? If yes, then go back home and restrategize for the next election. Why are you guys so daft and unreasonable

Ndimkpurummiri:
They have started wishing the country bad after their preferred candidate lost in the last general election
Gringory Peter Pandora Obituary should be arrested as soon as possible


https://www.youtube.com/watch?v=SHdvq1UPFak

Your children are already doing that on social media. Don't worry, keep it up

Whiteangel1234:
Simon Ekpa have appointed with Immediate Effect Princess Odohunoghie as the Military Governor of Edo State which will be rename to
Igodomigodo Province . Igodomigodo is the original name of the Benin Empire used by its own inhabitants. According to Edo oral history, Igodomigodo was the name given to the kingdom by Igodo, the first ogiso, who founded the first dynasty of what would later be known as the Benin Empire

Her page

https://fb.watch/nLHfh53WVO/?mibextid=Nif5oz

Will you blame him? The boy is making money. If he didn't do something to be in the news, how will the headless mobs knows he still needs more contributions?

I no blame you boy, keep enjoying, na your time

emerged01:
This man should just shut up. Tinubu didnt make him an enemy for being on the other side why is he making himself one? You guys have always being friend why the sudden change? Criticising him if you want to do,dont be sounding a kid that lost his biscuit.

I wonder

Esther125:
https://.ng/2023/10/18/ive-repaid-tinubu-his-500-dele-momodu-tells-apc/

Yoruba says; "Ore pè, asiéré gbágbè".

£500 given to you was a live saver then. No matter the situation, always appreciate it. You are ingrate and not worthy of anyone's support. If I am Atiku, this will be the end of our relationship.

You giving Asiwaju his respect irrespective of your differences makes you a mature soul but with this character, it is so sad.

DiamondPant:
At current official exchange rate, 30 NZD = 13,543.31
If work for 8 hours a day (9 am - 5 pm), that gives you 108,346.48 a day.
Multiply that by 22 working days a month and you have 2, 383, 622.56 before tax.
The decision is now yours to make.

And you believed that guy?

Middleborn:
I just got a job offer in New Zealand, I am to earn 30 New Zealand dollars per hour.

I have been pursuing a career in academics and I currently run a PhD program in a federal University. I am currently in the field gathering my data.

Should i move to New Zealand or should I turn down the job to complete my PhD? Or is there a way to continue and finish my PhD program via video conferencing since I just have to present my research work.
Please help me. Tell me what may work in this situation.

Ask Google.

chokekachy:
https://independent.ng/obi-not-tinubu-won-2023-presidential-election-says-ex-sgf-babachir-lawal/?utm_source=&utm_medium=

He will soon post his account details for his investigative journalism

I will also come up with my own verdict soon. "Peter Obi was robbed, he was about to be declared winner by INEC but someone changed it". They don't have brain, they will believe me

I will then solicit for funding for deeper revelation . Once I cash out, we moveee