₦airaland Forum

omokab:
your problem is not only hatred, ignorant is the major challenge you are facing. But a little research to can help you out to understand what foriegn reserve mean to economy development and the impact borrowing to finance major project. Even America, Japan and. UK borrowed more than Nigeria to help their economy grow.

Your problem is extreme gullibility and ignorance. they are doing so well and I guess Bill Gates was filled with hatred, and ignorance to have told them they are chasing shadows?
Who do una this thing, this govt have trippled our debts and they dont even have any road map of paying back, in other words creating more debt for the next generation. You are doing well and your children are starving and dying.
You are solving problem but the country is on the verge of colapse?
Compound idiocy and olodosm is not a talent. Imagine comparing US, Japan and UK govt recovery strategies with this gworo chewing dullardinhostic propaganda?
The US, Japan and UK are by far an advanced economy, the GDP is several times bigger than Nigeria, they dont have stupid economic policies of wastages and corruption. They dont recommision already commisioned bridges and projects, they dont spend billions to bride terrorists, they dont waste money impoting grass or appointing dead people.

edunwablog:
The naira remains stable at the official and parallel markets, with the foreign exchange (forex) reserves standing at $46.7billion, a report by Exotic Capital, an investment and research firm, has said.

The naira exchanges at 362 to the dollar in the parallel market and 305.6 in the official market. It has remained at those rates since April, last year, after the Central Bank of Nigeria (CBN) resumed forex interventions in the market.

The report said although the level of reserves was still below the record high of $64 billion realised in August 2008, it is nearly double the $24 billion recorded in October 2016, increasing by more than $22 billion in 15 months.

The reserves hit $46.7 billion on March 29, from just over $23 billion in October 2016, as the economy continues to attract huge investment inflows from foreign investors.


The economy benefited from increased forex supply with over $20 billion inflow to the Investors’ & Exporters’ (I&E) Forex Window since inception in April 2017.

The report said the macro fundamentals suggested the Central Bank of Nigeria’s (CBN’s) appropriate reaction function would have been to hold rates unchanged as it did in last week’s Monetary Policy Committee MPC meeting.

“We have written extensively on Nigeria’s multiple exchange rate system and will abstain from further discussion at present, suffice to say that a fairly valued naira at 360 to the dollar combined with high domestic rates has led to a tremendous increase in the level of gross foreign reserves held at the CBN,” the report said, adding:

”With reserves at their current levels, it is easy to imagine the MPC being in a position where it could afford to cut as it is less dependent on attracting dollar inflows than it has been to both build reserves and stabilise the naira.”

A similar report by FBN Capital, titled: “Towards the $50 billion threshold, and counting”, said the rapid accumulation of $15.96 billion over 12 months was due to two sizeable Eurobond launches, a small diaspora bond issue, the recovery in oil export revenues (through the Nigeria National Petroleum Corporation’s share of production and, more recently, the steady bid by the CBN at the I&E Forex window.

“We should stress that the data are gross and mask the swap transactions the CBN has entered into with local banks. The steady bid by the CBN has been seen variously as a response to the softening of demand for forex by importers and other economic actors, and as a move to contain naira appreciation,” the FBN Capital said, adding:


“The CBN will be pleased with the healthy signals from I&E Forex window where the weekly average has now settled above $1 billion. Reserves at end-March covered 17 months’ merchandise imports, and 10.9 months when we add services. These calculations are based on the balance of payments for 2017. The ratios are a little less impressive, but still robust, if we use the measure of current account payments (including income debits) favoured by the ratings agencies.”

Before the stability in the forex market and naira, the economy witnessed a depressed Gross Domestic Product (GDP) growth, which culminated in a recession in 2016. There was also rising inflation, which peaked at almost 19 per cent in January 2017 and a persistently rising unemployment rate to 14.23 per cent in 2016 fourth quarter from 6.41 per cent as at 2014 fourth quarter. There was also a significant depreciation of the exchange rate, reaching N525 to $1 in February 2017 and witnessed a fast depletion of the reserves which bottomed out at about $23.6 billion in October 2016 from as high as $40 billion in January 2014.

http://www.akelicious.net/2018/04/467b-foreign-reserves-keep-naira-stable.html

I trust the largely ignorant Hailers to make alot of noise about nothing. You guys are just so gullible and naive. Your foriegn reserve is increasing so also you have a record never been attained debt profile. Whats there to be jubilant about? that we are plunged into more poverty or debt? whats the use of having a Father with millions in his account yet all your children are starving, either way we are at a stand still. Yes every country have to borrow, whats important is where you spend.m the money? where is Buhari did Buhari spend 11trillion he has so far borrowed? You are blaming PDP but fact is the PDP only borrowed in total 6trillion, this demonic poverty creating APC have so far borrowed close to 12trillion. Question is where exactly can yhey say they have spent that money on?

tayebest:
Rice, already is of that price here in Kaduna!
Thank you!

where in Kaduna you lying zombie. comoound liar.

igbodefender:
A Northerner, Muhammad Ajah, took to Yoruba-owned medium, Tribuneonline.com to ask Igbos not to allow anyone distract them from Igbo Presidency 2023.

He said, "My greatest worry is about the Igbo nation and its long thirst to taste the position of the president since the Biafra war, nearly 50 years now. On this note, I use this medium to sound a warning to my people. They must not be deceived by those trying to divert their target in 2023.



"Although it is not good to put one’s eggs in one basket, the Igbo should have learnt their lesson and carefully study the past and present political underpin. They must not allow the political tide throw them far away into the deep sea again.

"I must warn the Igbo to be very conscious of being distracted from the 2023 focus. Shine your eyes, my Igbo people. I rest my case. "

Source: Tribuneonline.com
http://zikistmovement.igbodefender.com/2018/04/06/dont-let-anyone-distract-you-from-igbo-presidency-2023-muhammad-ajah-warns-igbos-tribune/

thunder fire you and your so called Igbo president. only a foolish Igboman would believe Buhari will hand over to them.
Igbo have the right to vote for whom ever they seem fit, and a nonentity like you cant tell them who to and not to vote.

eebraa:
Ole! Thief! And he pretends as if he never stole from state govt treasury

He made his money from profits from his business, He is making himself rich by increasing land rent on his state poeple like we have in Lagos.

1shortblackboy:
And why are we celebrating a shopping mall like this

leave it, we like it like that, isnt it shameful especialy coming from you that celebrated Ambode Busstop?

NonsoWow:
Anambra money at work. No wonder Obi could not pay water corporation workers, doctors went on strike for over one year and he refused to pay the minimum wage. Peter Obi is a foolish person for investing the looted money outside Anambra state. Didn't he see how Asiwaju invested all he stole from Lagos state back into Lagos state?

Another compound idiot spotted. Peter Obi paid everyone and left over 75billion in Anambra state accounts. A man impeached by his party members for saving money.

Incase haters like you dnt knw, he is the only gov never linked to any fraud allegation, was a billionnaire before he became gov. Before badbelles start askibg how he made his money. Well since dem born you and you start using Sure roll on and body care products, na Peter the Stone dey distribute am tey tey.
Only billionaire and politician whose money cant be linked to govt contracts. Made his money from consumer businesses, rose to become the chairman of fidelity bank before he was governor. The most credible Igbo politician that has the heart, brain and capacity to deliver.
But trust Anambra Igbos tobalways shoot themselves on the foot with myopic thinking.
He is cleaner, more qualified and performer than Buhari and all the APC put together, but Anambra people will come online to post nonsense.

tryna make it seem like cos she is Igbo, then Igbos are BH. Soon idiats will run along woth this zombie propaganda. There are over 10k women married to BH members and sponsors, and over 1k of these bunch are more influential and powerful yhem this woman. Stop the lies.

cheapgoals:
The former Lagos state governor said the ‘Indomitable‘ spirit of the Nigerian will rise to the present occasion and deliver an awesome World Cup. The 2026 World Cup will have 48 countries competing for the prestigious 4-year tournament, 16 teams more than the initial present 32-team format.

The North African country as well as a joint bid by the USA, Canada and Mexico, have been authoritatively submitted to World football governing body (FIFA) for consideration.

“Morocco is bidding to host the 2026 World Cup, Nigeria should have jointly bid with Morocco because we can do it,” Fashola said. “With the expanded format of the World Cup, it will now be too expensive for one country to host it.

“Like we did when we hosted the 2009 FIFA U17 World Cup when the gauntlet is thrown at us, we will rise to the occasion.

“The indomitable, undying spirit of the Nigerian will come to the fore when we have a deadline to meet.

“We will clean up our house to welcome visitors from around the world.”

Source: http://cheapgoals.com/babatunde-raji-fashola-wants-nigeria-to-table-a-bid-for-2026-world-cup/

Fashola looking for means to loot more money. They should tell the kleptomaniac that Nigeria is not Lagos where boreholes are drilled for hundreds of millions, personal website are upgraded with 75million and Billion naira duokex are built in the sky. please give us regular power supply and fix our bad roads first. mtchew.

Issakendrick:
During his interview with Guardian Tv, Femi Kuti the son of late Afrobeat legend, Fela Kuti has reacted to the letters and continuous criticisms of the Buhari administration by former leaders, Olusegun Obasanjo and Ibrahim Babangida.


According to Femi Kuti: people like Obasanjo and IBB should never be given audience, when they write their letters young people should just take it and tear it'.

 
Watch The Video Below:


https://www.youtube.com/watch?v=d9iV51y-2AI

Source:
http://www.nairaplus.com/2018/04/obasanjo-and-ibb-should-shut-up-and.html

i engaged this clown on his Facebook page months ago, O told him point blank that his father would be rolling in his grave cos of his support of the man that flogged his Father and ordered soldiers to throw his grand mother off a balcony.
Even if you dnt agree with IBB and OBJ the fact is they have spoken the mind of millions of Nigerians, how about he STFU and enjoy the little crumbs he gets from Lagos APC.

[quote author=iamJ post=66459092]i swear, the same people that damaged everything will be coming to form advisers, especially that football leg man called ibb, that man destroyed nigeria, used sentiments to do and undo everywhere, its because of him many states are unstable till today[/quot

between IBB, OBJ and even Abacha, Buhari remains the worst we have ever had in Nigeria.

SlayQueenSlayer:
After the Martin Luther king award saga, all sorts groups are overdoing themselves to scam Bubu.

These are Pastors from the north:

1, Father Matthew Kukah
2, Father Onaiyekon
3, Father Kaigama
4, The ECWA Church Head
5, The COCIN Church Head
6, The Lutheran church Head
7, The Tekan family of Churches Heads

Buhari, with all his dullness, will recognize when northern Christian leaders pays him a visit.

Northern Christian leaders are hardest set of people for any non Christian to buy in the entire country.

Dont mind the all these Yoruba muslims playing Ostrich here and idiots talking nonsense, 85% of core Northen minorities are christians, and their population have been decimated by Boko haram and Herdsmen doing the bidding of the muslim North, these people have yhe most arid and fertile lands for agric, they do the real farming, and are now targeted, hunted and killed. But these Bunch of Judas calling themselves Pastors cant speak out against massive killings genocide against northen Chritians in Southern Kaduna, Taraba, Benue, Kogi, Plateau, Bauchi.
I pity them cos soon they will face the wrath of their people.

There are absolutely no reason for comparisms here. The Uyo stadium is done, dusted and delivered already, they should wait until Ambode completes the Oshodi projects first before they make noise.
Besides the Uyo stadium is not just only a sports complex, but an ultea modern recreational facility, that came equioed with Cinema, Club, Bars and Eateries. so whats there to compare?

[quote author=samysamy post=66435283]According to a story shared by Benard,Fulani herdsmen on Wednesday gruesomely murdered a family Of 6 In Takum, Taraba State.I can not stop crying at the sight of the pictures

Source: http://usascholarshipfree..com.ng/2018/04/bloody-wednesday-as-fulani-herdsmen.html?m=1[/quo

As Usual trust our Yoruba muslim Sai Buhari Zombies to look the other way, They will pretend they didnt see these images and all is well with Nigeria, until a Goodlucks post comes out, the hypocrites will comes our rushing in and fighting like their lives depends on it.

A public policy analysis and manifesto rating organization, Deep Dive Intelligence, claimed its findings have revealed that the Independent National Electoral Commission is contributing to the mass disenfranchisement and voters’ apathy in Nigeria. The organization also said its study revealed that there is a high, systematic suppression of voters going on in the southern part of the country.

A public policy analysis and manifesto rating organization, Deep Dive Intelligence, claimed its findings have revealed that the Independent National Electoral Commission is contributing to the mass disenfranchisement and voters’ apathy in Nigeria.
The organization also said its study revealed that there is a high, systematic suppression of voters going on in the southern part of the country.
Deep Dive said the findings were based on the fact that nine states with the highest number of abandoned Permanent Voters Card (PVC) are in the South, with Lagos State being the highest number with abandoned PVCs, 2.2m.
Mahmood Yakubu, INEC Chairman
It noted that inversely, states with a high rate of PVC collection are states with high illiteracy and poverty rate.
Deep Dive then wondered if it is valid to say, southerners are the most political unconscious people in the country or political elites are using INEC to strategically reduce the numbers of votes coming from the Southern part of the state.
But the organization proffers reasons which it said could be responsible for the high rate of abandonment of PVC by Southerners.
For one, it posited that INEC allocation of fewer human resources and equipment to Southwest states resulted in longer queues which discouraged people and make them abandon their PVCs or not register at all.
While noting that states with a high number of abandoned PVCs also states with low poverty rates, the organization also argued that residents of these states engaged in some form of formal/informal jobs making it difficult for them to get permission off work between the official 9 AM -3PM to be on queues for PVC daily.
Deep Dive, however, lamented that in spite of the development, the electoral body has not taken any active measures to correct the problem, thus unintentionally suppressing voters in the affected regions through its inactions.
It added that if INEC allowed the situation to continue, voters in the next general elections would be mainly illiterates and Nigerians with high poverty rates. This, it noted, would create room for politicians to easily buy votes and deceive the eligible voters who have PVC to vote for them.
In solving the problems, Deep Dive recommended that PVC collection and CVR registration timetable should be changed from the current 9 AM - 3 PM daily to 7 AM - 6 PM daily.
It also suggested that weekends (8 AM - 6 PM) should be added to PVC/CVR timetable in affected states.
In addition, the organization urged INEC to publish a 2-3 page statistics on PVC collection & CVR data for election monitoring groups, NGOs, international development organization to monitor the pulse of events ahead of the 2019 general elections weekly.
SAHARAREPORTERS, NEW YORK

AreaFada2:
NOI just has too much integrity. Probably should never have ventured into 9ja FG. But then the development we had in her time would never have happened. She was one of the few good people in govt over the years.

But bigots and tribalists will always try to pull her down. NOI resigned as foreign minister knowing that her strength was better in finance.

How many Nigerians would quit foreign minister position voluntarily?

never mind the idiots trying to pull her down. All and every thing good in terms of policy for the last 14 years can be traced to her, from debt forgiveness, TSA, Biometric data capture of Fg staffs, BVN, Agric, Auto industry policies. But haters want to spoil her name. She has addressed thisbon countless occations, have made it clear anyonw who needs any information to call her. She even stayed for close to 2years after hand over incase they needed her to explain any thing.

seunmsg:
NOI was the finance minister in that period. If there are questions to be answered about how the revenues of the country was mismanaged, she should be the first person to be questioned. I really don't get why you think she should not be invited.

As the chief finance officer of the federal government, she should have advised the president on the illegality of withdrawing funds without the appropriate budgetary approval from the national assembly. The president doesn't have the powers to order the release of funds not appropriated by the national assembly. She knew very well that the money was going to be stolen and that was why she crafted her letter to mumu Jonathan in such a manner as to absolve herself. In saner climes, someone like her will never be allowed any where near a public office again. I really don't get why any objective person will be defending this woman.

You are indeed objective. As usual the APC zombies will run with this piece of propaganda once more. Funny they wont want the commisioner of Lagos under Fashola to explain how Lagos spent all the monies Fashola got from the Escrow account, how he spent on average 21billion IGR monthly, But these bunch would rather have NOI explain Dasuki spent the money meant for national security like there such is discussed with the ministry of finance.
You guys hypocrisy is sickening. This is another propaganda that will lead to nothing like the rest of them.
If they are serious they should also tell us what the APC states did with all the hundreds of billions they got as bail outs, how the $350 million Abacha loot recently released to the Buhari govt was scandered.

nairavsdollars:
Temidayo Akinsuyi, Lagos

The federal government on Monday said the rice revolution embarked upon by President Muhammadu Buhari since assuming office has taken millions of Nigerians out of poverty, adding that the achievements alone is enough to get the president re-elected for another term if he decides to run.

Addressing a press briefing in Lagos, Alhaji Lai Mohammed, Minister of Information said the rice revolution started by the federal government through the Anchors Borrowers Programme has reduced drastically the importation of rice in the country as 60 percent of rice eaten in Nigeria today are produced locally.

“The agricultural revolution in general and the rice revolution, in particular, have taken millions of Nigerians out of poverty. As a matter of fact, today, 60% of rice eaten in Nigeria is produced in Nigeria. In the words of the rice processors, the rice revolution alone is enough to guarantee re-election for President Buhari, if he decides to run again!”

“We want to use this opportunity to appeal to Nigerians to complement the efforts of the government by consuming only locally-grown and processed rice. It is fresher. It is tastier. It is healthier. It has not spent months on the high seas and warehouses” .

“We don’t know where or how imported rice is made or how old it is? It is reported that most of the rice dumped on us are old and probably rejects. The citizens of those countries do not eat this rice. The citizens of Benin also do not eat it. But they send it to us. Unhealthy foods are dangerous to health. So let’s eat what we can vouch for”.



Read more https://independent.ng/buharis-achievement-in-rice-production-alone-enough-to-get-him-reelected-lai-mohammed/

only a compound fool would believe this govt has anything to do with the rice policy. The policy to achieve Rice, Wheat floor and Sugar suficiency were all down to the Job of Goodlucks economic team headed by Madam Ikonjo Iweala. Nigerians are so gullible, if not this IDIAT! wont dare to change the narative.

check out the links below if you doubt me. mtchew.

nairavsdollars:
Temidayo Akinsuyi, Lagos

The federal government on Monday said the rice revolution embarked upon by President Muhammadu Buhari since assuming office has taken millions of Nigerians out of poverty, adding that the achievements alone is enough to get the president re-elected for another term if he decides to run.

Addressing a press briefing in Lagos, Alhaji Lai Mohammed, Minister of Information said the rice revolution started by the federal government through the Anchors Borrowers Programme has reduced drastically the importation of rice in the country as 60 percent of rice eaten in Nigeria today are produced locally.

“The agricultural revolution in general and the rice revolution, in particular, have taken millions of Nigerians out of poverty. As a matter of fact, today, 60% of rice eaten in Nigeria is produced in Nigeria. In the words of the rice processors, the rice revolution alone is enough to guarantee re-election for President Buhari, if he decides to run again!”

“We want to use this opportunity to appeal to Nigerians to complement the efforts of the government by consuming only locally-grown and processed rice. It is fresher. It is tastier. It is healthier. It has not spent months on the high seas and warehouses” .

“We don’t know where or how imported rice is made or how old it is? It is reported that most of the rice dumped on us are old and probably rejects. The citizens of those countries do not eat this rice. The citizens of Benin also do not eat it. But they send it to us. Unhealthy foods are dangerous to health. So let’s eat what we can vouch for”.



Read more https://independent.ng/buharis-achievement-in-rice-production-alone-enough-to-get-him-reelected-lai-mohammed/

only a co
mpound fool would believe this govt has anything to do with the rice policy. The policy to achieve Rice, Wheat floor and Sugar suficiency were all down to the Job of Goodlucks economic team headed by Madam Ikonjo Iweala. Nigerians are so gullible, if not this IDIAT! wont dare to change the narative.

check out the links below if you doubt me. mtchew.

http://www.opinionnigeria.com/transforming-nigerias-agriculture-by-dr-akinwumi-adesina-con/#sthash.6iVvCQJ6.dpbs

Bajoagbo:
Yorubas are still the best in all these fields within and outside this country, so numbers of candidates admitted to study most of those courses does not matter.

Empty rants of a ignorant emp. Please name your so called best outside of Nigeria?

Am really scared for Bambam, how is she going to cope with all the negative press, church members, family waiting for her back home?
I pray Teddy sticks with her for as long as possible until everyone starts to mind their business.

Gullah:
That is just an artistic expression. You guys should learn to understand the underlying message in arts. The picture is simply saying that Jesus death is the reason we celebrate and buy gifts during easter, it could also be interpreted to mean that Jesus' easter gift to us was the blood he shed for us on the cross. It's art, it's meant to express the artiste's feeling or thinking in a pictorial form. Stop being religious fanatics and try to understand things before criticizing them

always trust nigerians to disgrace themselves onlinine.
the idiot has a problem with understanding english, if not he should have understood what she meant when she wrote,

"Happy Easter my dear Easter bunnies. And let's remember that all the chocolate eggs, presents and bunnies is not what it's all about"

She simply meant Easter is not about buying chocolates, eating rice, turkey or chicken, but aboit the resurection of christ.

Gullah:
That is just an artistic expression. You guys should learn to understand the underlying message in arts. The picture is simply saying that Jesus death is the reason we celebrate and buy gifts during easter, it could also be interpreted to mean that Jesus' easter gift to us was the blood he shed for us on the cross. It's art, it's meant to express the artiste's feeling or thinking in a pictorial form. Stop being religious fanatics and try to understand things before criticizing them

always trust nigerians to disgrace themselves onlinine.
the idiot has a problem with understanding english, if not he should have understood what she meant when she wrote,

"Happy Easter my dear Easter bunnies. And let's remember that all the chocolate eggs, presents and bunnies is not what it's all about"

She simply meant Easter is not about buying chocolates, eating rice, turkey or chicken, but aboit the resurection of christ.