₦airaland Forum

misreal:
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No vex....I dey move around for night....

Winch things

Finally.

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excellentmomma:
Pls get informed, when they say ROI, it doesn't go to the pocket of the govt, but the investors themselves. Every avenue is not a cheap way of selling your candidate. Ignoramus.

Non ignoramus if these statistics were true it shoudl reflect across all sectors by increased jobs and citizenry welfare....nigeria has been running a "pocket money economy" for a long time

even the so called ROI is directly or indirectly oil proceeds.....e.g business financed or subsidized then you end up counting the proceeds and labeling it ROI

open your eyes.....cos you are blind doesnt mean we all are....lol

chronique:
Lol. Bro,I don't mean to be rude but the truth is that,it's only an illiterate that would talk the way you've just spoken. If you have nothing worthwhile to contribute to meaningful topics,it's not a crime if you remain silent and read other comments so you can learn and improve your mental faculty.

Let me just give you simple straightforward answers to your questions.

The high returns on investment,has nothing to do with the fall of the naira against the dollar. The naira is falling against the dollar,due to restrictions placed by the CBN int the buying and selling of forex. Currently,there's a high demand for the dollar and the CBN has restricted sales to the interbank market. Banks are being offered the dollars at a 10 kobo margin,which the banks have refused and as such,has caused a kind of artificial scarcity. Going with the law of demand and supply,it means the excess demand of the dollar,as against the limited supply of the dollar,would therefore reduce the value of the naira,as more naira would have to be exchanged for the few available dollars in the market. The CBN's decision to restrict the dollar sales,is aimed at protecting our foreign reserves from depleting further cos of the continual drop in oil prices and the steady decline in the excess crude account. Nigeria imports more than we export and since the dollar is the major international currency at which most commodities are valued,it then means that whatever we need to import,we have to "buy" the dollar(forex) to finance such transactions. Take for example,we want to import petroleum products or you want to import cars from the US,you have to buy the dollar to finance such transaction. Moreso,we're approaching an election year where most politicians would be justling for hard currencies to finance some of their "operations". At a period like this,the demand for the dollar usually rises and the value of the naira weakens. As a matter of fact,it should be way lower than this if not for the fact that the CBN from time to time,uses part of the foreign reserves,to stabilize the naira. The minister for trade is simply saying that Nigeria offers a very high rate of ROI(return on investment),to anybody who's interested in coming to do business here and that is very true. If you're in doubt,ask MTN and DSTV. The part where you talked about "how much of the 36% of ROI is being looted,is very embarrassing. It shows you don't even have an idea of what you're talking about.

lol....you think i am one of those you can pull a patrick obaighon on MTN and DSTV...i am surprised u didnt mention dangote which are all monopolies...they have secured their position by briibing the legislature....no free market.
ROI for nigeria.....lol
ordinary rule of law to foster long term return on invesmtent no dey.....the government is being run like villains.....dude you need to educate yourself...inside and out....fooling yourself is a treasonable offence at your age.

nedu2000:
ah!no vex o,lolss

you self....lol

Dammyjohn:
Mr Goodluck is President of our country.Therefore,respect the man in authority before GOD purnish you for your sin.ok?!

Ode separate God from state.....
Jonathan is the "mumuest" president in the world.

nedu2000:
the horse riders r d policemen,and they r already employed

And creates work for commenters on nairaland......abi!!!

Dem send you

InglishTeechar:
Thats your opinion...here's mine.

Do you know that the man you call mumu president will forever be in the history books of the world as a man who was a leader of Nigeria? your generation and the generation yet unborn, here in Nigeria and all over the world will remember him and his name will always ring a bell as a man who was the past leader of Nigeria.

Now let me ask about your father, your family (both extended and intended) and your entire generation past and present. Who among them can be equall to President Jonathan now?

I am very sure your lineage would wish, pray and fast to become who G.E.J. is today, but will never, i repeat never be like him or acheive what he has achieved or bring as much goodwill to his family name.

So please go and bury you head in shame.

Lol........another butt licking sycophant....whose head is buried deep inside Jonathan's rectal orifice.....hahahahaha

TDstarr:
Nairaland

Which one be Nairaland

V

Z

C

Z

B

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Z

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