₦airaland Forum

loffyloffy:
This post is most likely a result of excessive consumption of the African gin(ogogoro) topped with Arizona weed.

You guys are always angry and jealous when you meet a bright and intelligent person. Refute the claim if you have the ability

Davidcorny:
Lol, you are misinformed. I work in tech, Terra/Luna coin unpegged due to market instability, it is an algorithmic stablecoin, not a dollar backed stablecoin, even if you're afraid of USDT buy USDC instead since it's backed by Circle and has SEC insurance. I have already convinced my peers to sell off their naira.

When the naira is toilet paper the rats who are sucking the blood of our economy will abandon ship and the lazy and unmotivated will be angered to seek the heads of this illegal government.

Well you just lied , you are not gainful employed in the fintech industry.
What you are doing is trying to throw words around to make yourself sound techy.. "market instability"
Care to explain what that means and how it caused TERAUSD(UST) to depeg?

You can go ahead and buy USDC, I wanted to keep mute and watch you get rekt, don't you know that Firs can still track you and freeze your account, it's a regulated stablecoin, you bought that coin through an on ramp exchange, they know who you are and what wallet Belongs to you, and circle, as usual is ever ready to assist nation states in tracking criminals who trý to evade or avoid tax in home countries. As a matter of fact, FG can employ the services of chain analysis.

Be wise.

odejimioflagos:
The narrative that Tinubu is betraying the North is absurd. How can you betray a people that are your own?

And who is asking for the price of petrol to be N200? Is that not a joke?

Well El Rufai is currently blaming Ribadu for not arresting Tinubu in the past, Tinubu has plans to also ban sharia, even if he wants to pretend about, he was the one that Invited The Americans and France, He is investigating Malami and Matawale. I support him on some of those things but for you to think that the northern bloc don't know these things then you are daydreaming.

odejimioflagos:
Why would anyone want to sabotage the tax policy of a president that is working tirelessly to stabilize the economy?

Freedom to own property

Wickedtruths:
See talk. They should allow the Chinese manage it for you. Is that how Chinese allow Nigerians manage their businesses in China?

So, only jet A1 makes flights expensive. What about aircraft maintenance costs, and all?
If airline businesses were so profitable, many airlines won't have gone down.

The way you are talking make it seem like our people are incapable. Imagine making a case for an airline waking up one morning and decides to charge 5million naira saying "that's our price we are not forcing anyone to fly" that clearly shows that the business is being managed by the wrong people.
Okay now let's look at it realistically, why should a flight from Accra to Abuja cost 520k, while a flight from Lagos to Eastern Nigeria cost 500k, what's the logic there?

If you are comparing jetful cost to plane maintenance cost, then you are not making any serious point. Jet fuel cost is way higher than plane maintenance cost. A plane is not maintained on a daily basis but a plane needs Jetfuel on a daily basis.

I might be wrong but I think you are just trying hard to defend something that is indefensible, I understand your probably paid to do this or you are just very passionate about it, which ever the case I don't judge but the truth leaves no room for any reasonable doubt.

Salewa97:
Wailers should stop wailing.

Why are they always thinking evil about every good initiative from the government?

Freedom of thought.

Hightablevoice2:
Every industry or sector dependency on how flexible they can be differs and not based on individualism. Take for instance, there are a lot of times between Q1-Q3( i.e Jan-August) that those airlines will have to fuel their airplanes to fly even with just 20 or less than 50 passengers on board. An airline is not like bus terminal that they will wait until the bus is full before they embark on a journey. Once time their time on the tarmac is due, they either fly or cancel flight.. and considering it's the same quantity of fuel, the same fees, salaries, maintenance and mandatory regulatory charges they will use to fly less than 50 passengers is the same they will use to fly a fully booked flight, you can imagine what it must be like. And now that it's holiday season,they have the chance to recoup some of those looses to offset their balance sheet. Remember they are also in the business for profit and not public charity. They aren't actually forcing everyone to fly, it simply means during festivities period, this what we are charging, not because they are greedy but they also have been cutting looses for the past 8-9months.

They can aswell wake up one morning and say "look from Lagos to Abuja is now 5 million naira and we are not forcing anyone to fly"
If the Nigerian government and the private sector cannot properly manage an airline business, they should should allow the Chinese to do it for us. This idea of charging what ever price to enable them make for past losses is unprofessional and a hallmark of lack of capable hands in the industry. Flights in Nigeria should be the cheapest considering the fact that we have jetfuel under our soil in large quantities.

Anither563:
This is a great warning to everyone. Thank you for sharing this.

Uw

Hightablevoice2:
Dangote is a business man. The interest of Nigeria is not his first priority but the continuous existence, growth and profitability of his conglomerate is. And that can only be possible with Nigeria as a nation that is working, hence it's a two way street affair for him on that front. This refinery if his, is just one part of the whole machine of that conglomerate of his. Making a deal with a previous administration for a parallel system as you have stated is merely him ensuring his indestructible operating module after that administration leaves office.. as for the fuel price cut, fuel can never go back to 200naira, the lowest and if it all is 500naira and that is a big maybe and a long shot for any realistic market player to understand.

Dangote is working to monopolies Nigeria oil sector, if Rockefeller can do it, it seems plausible in the unregulated Nigerian and most African market sector.

His major problem is the stumbling blocks he is having with foreign importers who sees him as a huge threat to their own livelihood, and not just because of their political affiliation but also the depth of his own war chest. Each government will want to take a bite from his cake either he likes it or not.. He could have built that refinery anywhere in Nigeria, but he chose Lagos for a specific reason. Market share and port access for international market.. Transportation and logistical burdens to other parts of the country its a problem he leaves in the hand of the local suppliers.

As for Tinubu and the Northern Elites, it's clear that he doesn't wish to dance to their tunes that much and they hate being tolerated which seems likely the message he is sending them. They are in a bind with him, at least for now, because surely even if you want to oust Tinubu, they know the north does not have a candidate that has been able to cut across all Nigerian since Yar'Adua.. Buhari was a strong headed man from day one, be it as a military HOS or a democratic elected president.. well until he became so placid that he didn't care what happens to the country in the last stretch of his tenure.. The north either they will accept and live with it that Tinibu will not be dictated to as they were hoping for, or they find a viable candidate from the south that will challenge Tinubu's presidency come the next election, a candidate with strong character record, good backings and a heavy national message that cut across the major tribes and the relevant minority groups, the north will just be looking, and they might end up being divided for the first time in the history of Nigeria's political regional space because some of them are seeing way better option outside the whole North coalition to determine who runs the country, but their norther norms and identity is so imbedded in their social and economic daily life that their is no other option than just going with the flow. If GEJ can be brought back into the fold. Then, you are starting to pinch someone like Tinubu.. if they can't get him on board, well they have the next 6 years to strategize.

As I pointed out, Northern are always socialist in nature and no matter how corrupt they are, they always seem to have the common man's interest at heart. You are right about Dangote being profit motivated but he is a Northern although they are still have corrupt elements, they always seem to be not so greedy as the rest. Look at airpeace charging exorbitant prices, Lagos to Eastern Nigeria 500k
Here you have Dangote slashing price of fuel to 600naira. That's the difference.

trutharena:
This is a useful insight for those who want to explore USDT.

I don't think you read what I wrote.

trutharena:
You dont cover every angle of a deal in government and expect to be left standing.

I don't what you mean

odejimioflagos:
This is the same Yemi Cardoso that people were calling for his head just last month. Now he is the best thing since sliced bread.

What did they do with the money from removing the subsidy? We are still figuring that out.

Probably to repay the unending debt.

HgAkpobomeEr:
The digital dollar platforms are already on notice.

Ok man

trutharena:
Gbam! E don scatter.

😁

ebukal67x:
E go shock some people when they realize they underestimated the impact of USDT and crypto on the Nigerian economy.

Beware of the risks. Read what I wrote.

ebukal67x:
I see we are back to tinubu vs the northern power play.

It has always been about it but you weren't able to decider it. Pushing the Northern political and business class to the wall could lead to something else

I felt it is necessary to make this post. Some people might think that converting your money to USDT will help you sabotage Tinubu's tax policy, yes it is possible if a large number of people do it, ditch the naira and start transacting in USDT directly from their wallets. Tinubu's tax policy will crumble and the Naira and Nigerian economy will go down with it but for this to be successful, it has to be done before January 1, 2026.

But there is a risk you have to be prepared for, if you have been in the crypto space you will know that you can't trust USDT or USDC or any stable coin because at any point in time it can DEPEG. Depegging means losing it 1:1 peg to the USD. It has happened several times, the latest being Terra Luna UST that happened in 2022.
Suddenly one morning investors woke up one money and found that their UST stable coins tokens pegged 1:1 to the USD has lost its peg overnight. For easy understanding, the previous day, 1UST= 1USD
then investors woke to find out that 0.00005UST=0.0008 USD. So 1000USD was now worth 0.0001UST. BASICALLY, all your money just vanished.
So bear in mind the inherent risks involved, there are other numerous risks factors but this is the most important, BEAR IT IN MIND THAT THE STABLE COIN YOU ARE RUNNING TO CAN DEPEG.

Around 2018 I received 1 gram of Gold from Singapore from a project called Digix, backed by the Man himself, Vitaliy Buterin, the company pegged the price of gold to its digix company, despite their strong backing, in about 2yrs the company folded and the DIGIX TOKEN go DEPEGGED and collapsed completely. Be wary of the risks.

I have been in the Financial Technology space for OVER A DECADE, my methods are not known to any individual on the planet, I discovered it myself and will teach you if you can provide me with a reasonable form of incentive. If you decide to try things on your own then I am sorry to inform you, your chances of failure is very high but you can go ahead, there's no harm in trying. Experience is the best teacher. Goodluck.

Odin13:
Not just you… Nigerians also.. everyone is waking to the reality..

Alright bro Godspeed.

Odin13:
He’s tribe will defend anything .. even when they k ow nothing .
Tinubu is the 21 century Nigeria disaster. He’s building an empire .. that will crush on him.

Hmm I'm just observing everything.

Davidcorny:
I will spread the word so this useless government crashes and the currency becomes worthless paper since they don't know how to govern properly.

SoMething as simple as what you have stated can cause severe headaches to the government but Beware of the risks. There is a big chance of losing all your savings USDT itself can crash just like terra luna. Another way is to convert everything to cash. Cash will be tge new gold.
The reason I said I give up is because there are few Nigerians who are tech savvy to the extent of being able to carry out my plans and nobody is willing to offer me any incentive so I shelved it all.

HgAkpobomeEr:
The parallel system is being dismantled, and rightly so. We cannot be held hostage by a single business.

The parallel system promised a soft life, so would Nigerians want a hard or soft life?

Shadomaan7:
We owe it to ourselves to make this work. The debt situation is serious, but we need to be patient and see how the reforms play out. The fuel subsidy removal is a big step, and we should start seeing the benefits soon.

it's been 2yrs since fuel subsidy was removed, how soon?

You see intelligence is the name of the game in the 21st century, if you like gather 1billion standing army, I will just manufacture 500 army robots.

It is very easy to uncover Nigerian politics, by just looking at a politician you can know his plans. One thing you must understand about the Northern arewa politicians is that despite their sharia leanings they are probably the only group of Nigerians that are fair to all peoples except Buhari(because of Kanu's provocations) I am going to tell you a little secret.

You see Dangote Refinery, the man took a very big risk to ensure that that Refinery stands, and one question he must have asked Buhari is that
"how am I sure that your successor will put the interest of Nigeria first?" Because a new government can come and destroy all the agreements leaving Dangote almost rekt. So they had to setup a parallel system to ensure continuity. The goal of Dangote Refinery was to push down the price of petrol to as low as even N200 per litre. Can you imagine that?

Now Tinubu has come, David Hundeyin said the man has been a western intelligence asset for some years due to his past, I don't think he can go to the U.S probably be arrested. Anyways, Tinubu noticed that there was a parallel system put in place by his predecessor so he invited France and America to help expose and dismantle that system. He effectively betrayed the Northerners that put him in power. Started with removing INEC CHAIRMAN. While Dangote wants petrol price to crash, Tinubu wants us to follow the Ghanaian template (remember when those Ruth and co, influencers went to Ghana). In Ghana, Fuel is N1700 per litre. So you should try and uncover the forces at play in Nigeria.

Even as a faceless account there are somethings I can't say for the sake of national security. Unless ofc there is some incentive.

Davidcorny:
It's very easy, everyone just needs to withdraw their money from the bank into crypto like usdt, the banking system and currency will crash and the government will listen. We just have to spread the word, that we're protesting in such a manner. Go to telegram and use p2p to change all your money to usdt.

That is not quite it but it is a good start. You can go ahead and try it but be aware of the associated risks. There are a whole lot of risks you have to consider and if you you want this to work, do it before jan1 2026 but beware of the risks.

HgAkpobomeEr:
China and World Bank will soon come to your rescue.

You should never expect help from anyone, only God gives help for free.
Your perceived helper might even be the cause of your problem. Take heed.

Salewa97:
You are now giving up on us. You don dey tired.

Victory is sweet oo

No body can help Nigerians. It's a pity but I must focus on other things. Good luck.

LottiOk:
Just as we woke up to the reality of the famous quote "SUBSIDY IS GONE", Will we also live through the New Tax law enactments. We might not see the need for it now, but PBAT knows within the next 2 years the gamble will pay off, so he'll go hard Now.

No Man/Woman alive can win PBAT in 2027 elections. This is pure Reality not sycophancy or propaganda.

Oppositions don't waste your money ‼️It's not a matter of insults and threats, it's pur Common Sense reasoning. You guys know this already but must console yourselves.

Cope well 😁

Oh you are right. BAT till 2031. I can assure you, the world will be totally different by 2031. Pray you are alive to witness it. Oh mehn. Life is really something. Goodluck.

China and the World Bank are Nigeria's major creditors and we owe them along with the ADB and Public Creditors a total of N200,000,000,000,000

President Tinubu is planning another N20,000,000,000,000 loan.

Since they removed fuel subsidy, what did they do with the money? No answer.

You plan to subject a poor nation like Nigeria to 25% tax, will the tax system and income from the tax be transparent and made Public for all to see? No.

Will the tax rate be increased in future? Most likely.

Will the new tax affect inflation( increase in price of goods and services) ? Yes most certainly.

I don't feel sorry for anyone, I have written enough on this so it is up to you now to take action. I will remind you again probably mid-2026.

And talking about sabotaging the tax system, Nigerians are not capable even if you explain it to them, they lack the discipline to carry it out.

This is me now giving up on all of you. I am going to take care of myself. Happy Christmas in advance. Wish you all the best 👍 👌.

oalandAgents2:
It's still better than not having a plan to prevent criminals steal your hard-earned money.

Well if you are going to offer me some incentive I will show you how and don't think the process is easy. It is not.

advanceDNA:
POS agent account are already expected to be registered with CAC by 2026 because federal govt wants to start debiting them flat fee .......

Leave him let him continue along that route.

oalandAgents2:
Cross border into one of our neighbours and open and maintain a bank account from that country and periodically withdraw cash to use in Nigeria and start bartering instead of using money.

Not going to work