₦airaland Forum

Fighttillvictory:
why did you now vote him not we

DMerciful:
You're making it seem like because we warned them, we're immuned to the effects of their rash decisions. Look at it this way, we're doing it for ourselves!

DMerciful:
If we begin to fear them, we loose our status as a majority nationality and also the people who have always determine the positive direction of the country!

ibechris:
Igbos rejected Ojukwu when he contested under APGA too

aguluobi:
This is so true no wonder Igbo rejected failures like Ikpeazu Elechi Peter Obi Theodore Orji Kalu Orji Ekweremadu n host of other failures you elected as leaders.

DMerciful:
Igbos dont fear risks. Protesting the bad policies of govt is not stupid risks. If others are protesting and we're onlookers, what does that make us?

anonymous1759:
And yet they’ve been blessed with incompetent governors in the region.

shox:
they should not. Dem give enough warnings.

Tribalism no allow the south west reason.


Those people wey chop grass during buhari’s administration , I wonder wetin dem go Dey chop now🤔

DMerciful:
What makes you think Igbo people are afraid of risk?

Sparrk007:
I am just happy that the protest start from the north Las Las Muslim-muslim choke

Onyeigbo10000:
When we are telling them to vote wisely they thought we are fools. Can someone please tell me one good thing tinubu has done since he becomes the president through the back door.

StarRida:
S/South and S/East should also join the protest you can imagine if Tinubu happens to come from this two regions what could become of Nigeria since this 9 months of mediocrity S/west and core North would have set the entire country ablaze

thesolutions:
The dollar or naira doesn't rise and fall. The only thing that rises and falls is the demand for those pieces of paper and the general cost of production.
In the US for instance, the cost of bottled water doesn't suddenly increase. As long as the production cost remain the same, the price will remain the same. That is economics.
But in Nigeria, everything is tied to the dollar as if the dollar has become our national currency. The demand for dollars by japa candidates and politicians that loots our treasury and business owners who are import based businesses makes individuals that earn dollars to sell to the highest bidder. If aboki fx announce that they will buy dollar for N1,500 tomorrow, it doesn't mean that dollar is N1,500. It means that someone has offered to pay Aboki fx maybe N1,550 to a dollar. It doesn't mean that the value of dollar is put to be N1,500. It is just Aboki fx offering rate to make people sell the dollar to them instead of taking it to bank.
The banks capitalized on these and sell the dollar they receive from customers to these black marketers of dollar without letting it pass through approved regulated channels. This is what forced CBN to push up exchange rate to dollar and even offer extra 5naira to any dollar received but these guys at black market always tends to offer more.
Because the demand for dollars is still high, you can only expect upward exchange rate because most of those that pay these huge amount for a dollar gets the naira fraudulently and cheaply.
The only way out is for government to work on cost of production but it seems they are just short sighted like every other government.
The power sector is dealing with Nigerians. Instead of government to improve power and reduce tariffs charge on power to the minimum, they chose to sell it to money mongers who only care about profits and not results. Dangote refinery has taken off and is producing Diesel which should be celebrated, but it is all for profit and not to reduce cost of production. Though it will reduce demand for dollars to import the product he will be producing, but if the price is not brought down to max of N200, it will not change a thing in the prices of goods and services. The worst is, government is planning on selling it own refinery. So it means no checks to dangote refinery. He will determine what price he sells his product just like they have done to cement.
An economy that government doesn't have industries that act as check and balance to private businesses, the masses suffers.

The cost of production is extremely high, the cost of transport is extremely high. The cost of storage and preservation is extremely high. And now, the cost of security has to be factored in again. Everything will continue to be on the upward rise.

Notfogotten:
You can live without cologne. You patriotic Saint.