cyrusmillz:


Honestly, I'm more concerned about those thousands of empty houses that no one can afford littered all around the city, my friend and I discussed about this not too long . The way you suggested it is a good move

yeah.. It's true but someone just educated me that it's a "sales" tax which means it's a tax on when the buildings are sold.. I think a kind of tax should be levied on those empty houses anything valued more than 75m and two years empty should be taxed by atleast 1% of the value if you are paying that for an empty house I think you will be desperate to fill it in with an occupant. Just my opinion tho.

Hedonisco:


Mumu. So it is not human beings like you that would work in the university as lecturers, admin staff, cleaners, security men, maintenance, etc? It is not Nigerians that would be used to build the university?

yes it is but with that money he can build a world class phone manufacturing.
Not assembly óò.. Manufacturing except the chip set factory, that will cater for Nigeria and other Africa economy.. Not only phone but phone accessories, and parts screen, ear piece, etc.

With that money he can have an oil. Plam plantation or cocoa seseme seeds, well it's his money tho.. And with 5 years scale up.. All he needs his his friends like 200 of them donating or buying $100m yearly... But that school will cost die..

Gajagojo:
Capital gains is a tax on the profit you make when you sell a property

If you buy for 10 million and sell for 20 the profit is taxed
this particular tax dues not apply to empty buildings

Nigerians are tricky they will find a way to declare selling at less than what they paid when buying

oh thanks for the info... Guess I learn something today tho.. Thanks.

Dead on arrival... It's a good tax tho.. Especially for those empty houses in Abuja with no occupants, maybe this will drag down the price of houses in Abuja if people fill those empty houses, because I see no reason why someone should be paying taxes in those big houses like 20 a year with no one staying in it.

Indispensable85:
Ipob discussion class

lolzzz I swear... The way they do this is crazy.. They just wake up and conjure stories up and down, very miserable set of beings.

Tjra:
This smells like a fake story


For those who may be accused falsely next time.. Don't act like a gentleman else dem go lynch you or beat you beyond redemption.

Display craze for the accuser and get him to pull down his trousers and boxers in the presence of everyone.

Silence is not golden when you are before hungry babaric Nigerians. Smart up oo

very fake story.... He now said north east... So they will allow you to be making calls when they accused you of stealing manhood, a whole doctor you can not ask the accuser to open his trouser in public since it has been stolen what else to hide again.

Raskimonojendor:

When the court rules in favour of labour party, judiciary has not been bought.

Forget it, Peter Obi was extremely unpopular in the North and had a mediocre performance in the SW. He had no path to victory. Move on for the sake of your mental health.

tìrẹ ooo.. It baffles me when they keep on saying he won, and I keep on asking, have you been to the North before? No one knew him up north.

Kobojunkie:
This spiritual husband nonsense .... women go get yourself mentally examined by a professional mental health therapist to be sure those delusions are not symptoms of a bigger problem.

As for you being single at 39, big whoop! There are lots of things you have probably not achieved in your 39 years as well. Focus your attention equally on those.

first reasonable post am seeing on this thread, the way we take marriage like some sort of achievement in our society is abysmal life is more than marriage abeg.

Our Politicians need to learn that the more corrupt they become the more the naira will fall, which means the more they will become poorer in international market, the world is a global village now..
If we all don't put all hands on deck we are in for a terrible drive.. Cancel the CBN I&E window let the Naira float naturally, that will create stability in it's value.. Currency stability is what any good economy need.

Radarada.. To imagine that this people are even been paid by the government is grossly ridiculous.

Crap the naira will keep on falling, if we like let's borrow $100bn...close the CBN I&E window, let everyone trade on the rate of the black market, let the naira float truly, the Naira will appreciate, the more will have that window the more some people rill take advantage of it no matter which policy is in place, how do you term Dangote buying $ at official rate to go and invest in other African countries and make more money, his proceeds from those investment will hardly come back into Nigerian economy but Swiss banks or offshore accounts, I can't blame him, if am in his shoes I will do the same thing, it's simply business, but if Emeka or Chukwudi wan open spare part shop for Burkina Faso.. He has to go and buy at the black market rate for him to do by his business there.. Is that fair? Are they both not Nigerians? Burns boy come dey talk say Dangote no get two heads.. Abegi him get over 2 heads sef.

Close the official market rate let the naira float truly the economy will stabilize with d naira.. Not doing thar we are going Zimbabwe, Italy with lira, Argentina and Zimbabwe way.. Our case will he worse because of our population.. Please if you can japa please go.. Its not looking good for now to be in Nigeria.

12inchess:


Then he should sell it. He can't keep it an then come around and say he is not involved. Besides both Buhari and Tinubu are from the same party. That 5 billion naira can do alot for many suffering Nigerians.

since dem never pay, and the man talk say him no need am.. Make dem return am nau.. Abi na by force to have a yatcg for the head of state to do sight seeing?

This girl body count no go be here ooo.. Haba nau how many guys and men.. Only you..

This is junk journalism by daily post.. House of rep has reject the yacht, Buhari Okay the purchase I can bet my left yansh that man didn't know what he was signing, just like so many things he just signed away to his ministers and cabals.. Quite unfortunate, they said it has been delivered.. No wahala.. Since we never pay make them return am.. Let's face another thing much more Important than. Yacht story abeg..

Geminiivory:


Then shut the hell in since you don't know. Rivers state doesn't belong to Wike. So keep your usual cowardice to yourself. Rivers State is not Lagos state

oga rivers is not Lagos state, yet Wike got votes for ApC by hook or crook Dey play.

Absuchat:

How long do you spend on Hollywood movies?

i tìrẹ ooo.. This guys cab just conjecture so many things at the same time, the guy that led the prison break was the son of the chief security officer to the Camara man himself, the guy main aim is to free his father, am not holding a candle for the canara because they are all the same blood thirsty group of people, the military there, but immediately the man was freed he told them he is returning back to the prison and he communicated that to the authorities, this topic is either misleading or it's the Junta there don't want to say the truth. The man actually surrender himself and not captured. Once I find the post about where he said he will not escape prison, I will post it.. To me they are all the same tho.. If the man wanted to miss.. Him go don miss.. His former CSO did dey capture him too? Answer is No. Na d man go back.

Nice, kudos.. But still stop acting like you are omniscience, always try to get your fact right before commenting, Aldo try not to be argumentative all the time, yes we can be wring some times, that makes us human, may God bless you more.

Ms202309:




Babangida and Julius Beggars just constructed a massive money gulping project

Carter bridge and Eko bridge no chop money reach this third mainland bridge



.

i tìrẹ oooo... Am always asking what on earth is wrong with that bridge that it always warrant major repairs every 4 years.. I don't know any bridge in it's length that gulp money the way it does.

festacman:
I use to see Seyi Tinubu as a smart dude who would deliberately stay away from Aso Villa and instead operate silently bringing in businesses from outside Nigeria to explore opportunities in Nigeria, create employment and boost the economy while securing handsome stake in their local operations. I use to think he is a TRUE entrepreneur.

But by this singular act of unnecessarily sneaking into FEC chamber to attend its meeting unauthorized, Seyi Tinubu has shown that he just is a lazy dumb head and that all the businesses that were touted as his are just empty shells. He is just a helpless "omo daddy". In fact Buhari's son has proven a smarter person.

Seyi Tinubu fall hand big time. Now, his dad has subtly chased him out of Aso Villa since he refused to have sense. His value has taking a big crumble and people in Aso Villa will always see him as a busybody. I am sure he will either fly out of Nigeria to cry on his wife's shoulders or man up and explore opportunities.

you very succinct... The guy got carried away I guess.. Am aware from the grapevine his siblings are also pulling political strings of their own tho.. Although not has brazen has he has been doing, focus on business.. Build it and thank your stars later Governance is not for ever.

This fifa get problem.. Qatar just host the tournament last year nau

MrEverest:
If ikwerre people are smart, they should align with Sim Fubara now and isolate idiotic Wike. Otherwise, if they join him in this dance of shame, they will end up going down with him.

Ijaws outnumber them in numbers and also violent in nature. So, it won't make sense trying to fight them. Secondly, ijaws will easily join forces with Ogoni, Kalabari and even some oppressed Igboid groups in Rivers like Etche and Obigbo. Even ijaws from Bayelsa and Delta are teaming up with their brothers in Rivers State. Edwin Clark is already condemning Wike.

If that happens, ikwerres will return to old Rivers situation when they were completely sidelined.

all this una permutation from your sitting room since 2014 no dey tìrẹ una?
All you just want is downfall of Wike due to the fact that he supported Tinubu.. You don't even care to find out what went wrong between both parties before you make Ur decision on who to support or remain neutral in this discuss.. For me I don't even have an Idea what could be wrong right now between both of them under 5 months.

HIGHESTPOPORI:
There is a new Chief Judge loyal to the Governor already

the house of Assembly has no power to suspend a chief judge of the state, any judge that risk taking that position risk the wrath of NJC which can suspend him or her from the bench.
8 people does not form a quorum in that house of assembly nor can they impeach the speaker, we should not be celebrating illegality because of hatred towards Wike.. It's wrong.

CodeTemplar:

After floating and realizing it could reach N1350 soon due to lack of forex, they quickly pegged back the official rate to allow easier loan repayment.
Tinubu has been reversing his major decisions. That is a poor self appraisal score.

this is not true floating.. True floating means 'no official rates"this is Akin to what Buhari did when he said he deregulated but he truly didn't because NNPC and DPR where still controlling the price.. For true floating, deregulation, the CBN must close the I & E windows and allow the market to be free... That's when it can stabilize.
Why on earth should we have back log of $7million to pay it's high time the National Assembly ask questions from former Finance ministers and CBN governors.

Ehyaa RIP Prof

Does this Debo guy of PDP know that with this his statement after the judgment, he has commit a crime in the eyes of the law with this reckless statement? He can be charge for contempt and some other various charges... The supreme court is final.. All parties must take it's decision in good faiths and not be disparaging the Justice.. PDP/ApC to me are just same thing even LP same set of politicians everywhere.. The 25% thrash of Abuja should please end abeg it's silly, for this guy to even bring it up again is so myopic.

teepain:


You have a point and what you have recommended is full floating of the Naira. This will stabilize the Naira but it will exchange at about #2000 to about $1 until we start producing sufficiently for our consumption and exportation.


@reference, you are certainly on point the restrictive policy of the CBN to favour a couple of people is not sustainable.

in economics stability of a currency is the key to economic growth, you will be able to plan, failure to plan is road to catastrophe.. Which is where we are heading to right now, once the naira is stabilized.. Government policies, plans will.. Or might come into effect even if the corruption is 50%,but uncertainty on naira.. If it rise any how or dip anyhow under a short period of time..!even if there is zero corruption.. All government plans /policies will fail.. This thing is not rocket science... Float the naira for real even if tomorrow morning it's 100,000 naira to a $, let it be stable..

Now to your other opinion.. Nigeria is not the only "manufacturing production deficient" in the whole world.. In fact 67% of the countries in Europe are also deficient when it comes to production of manufacture, agriculture, mineral resources, but yet none of them have a dichotomy of foreign exchange rate like we do.. It's an abnormally which must stop or else.. All of us PDP, ApC, LP.. Whatever will be poorer... From Dangote down.. If we don't find a solution to this naira swirling down a tunnel... Zimbabwe issue will be a child's play when it dawn on us.

I pray President Tinubu find a solution quickly right now or anybody.. We need help actually. Not loans real help on how to stabilize our currency.

Anaya4life:


The only problem I have with this is that Nigerians are naturally greedy and wicked people and the BDC's will be in control of setting fx rates. See what they're doing now, imagine what they will do when they're the ones in charge of determining the rate

my brother... The beauty of the BDC or aboki on the street not having any control on FX if it's truly floated is that the NNPC, IOCs, NPA, Customs are the highest FX earners in the country IOCs through their royalty duties and taxes attract nothing less than 63% of FX into the country, next is Nigerians in diaspora 19.5% the rest to others..
Now in any market anyone that can do even 35% of the market can "influence" mark my word not "control" cos to control means regulations.. If the official rate is abolish, government will run BDCs, Black marketers of the market.. It's just has simple has that.

Am busy now but for this your question let me try and answer a lil bit.. Let's say $ was 1000 yesterday to an aboki with just with $50000..and a IOC or CBN or a bank with $1,000,000,000.00 why won't The IOC or banks sell at 9950 naira? They will once there is no item restricted on their selling platform.. Let everyone go and buy at the parallel rates, the rate will come down... Another thing we need to watch out for is our unnecessary outrageous debt profile, it's ridiculous and no result for it... Anyway let everyone both govt and individuals trade at the "real" market rate.. Naira will stabilize.. If not by February we will be in major economy catastrophe.. If not before then.. We need to act now please.

This must be a joke of the century.. No way any Government can outlaw black market.... In any product or currency... There is a reason it's called black market... Abolish the official I&E window and trade at the value of the "parallel market" the naira will stabilize instantly.

Radarada of the highest order, they way some people with little authority dispense power will make you wonder what will happen if they are given real power.

My question is how is it possible for an adult preeq to enter a six year old thing, it's practically impossible.. The lil child will automatically bleed to death.. People are just crazy, six years old? For what?

micxwell:
I feel you bro. Amen to the bolded.

I find myself still puzzled by the situation. Initially, I was under the impression that the official exchange rate had been discontinued. However, when I check the Naira exchange rate on Google, it remains significantly lower than that of the black market.

This implies that certain individuals are still benefitting greatly from the disparity between the official and black market rates. We have yet to truly achieve a floating exchange rate, and it seems the CBN governor is employing complex language without substantial progress.

This predicament left me disheartened yesterday. In June, I lent someone in Canada $1,700 CAD, which was equivalent to N977,500 at the exchange rate of N575/CAD Dollar. They now wish to repay it at N890/CAD Dollar, which amounts to N1,513,000. The stark contrast is undeniable. Our Naira savings and investments continue to depreciate.

It appears those profiting from this situation are unwilling to let it subside easily. May God aid Nigeria in overcoming these challenges.

am telling u... It's getting much more horrendous... Those guys are just saying gibberish.. Thank God you understand very well what am talking about.. Allow the naira to float freely, thats the only way to keep speculators.