₦airaland Forum

gloryman91:
I wonder if FRSC could escape from merger this time around ?

One of the most horrible agencies ever created!

Are people still writing this exam?

So demeaning to a country that has English-taught courses throughout its lifetime.

What percentage of English people can pass this exam themselves?

But they realise how appealing their countries have become to Africans, so they get away with everything, knowing that our Government can not make a diplomatic case on behalf of her citizens.

This is simply a way for western nations to make more money out of Africans, majorly.

kcprince:
They are charging high fares as a result of the business risk of doing business in Nigeria. Forex can go up anytime and you end up with loss after conversion to USD. Also let us not forget how their funds were trapped in Naira because the previous administration could not provide USD .

How does all these you mentioned addressed charging for low inventory tickets.

They are simply greedy and have turned Nigeria to a cash cow knowing fully well we do not have a robust policies in place to checkmate their selfish ambitions.

He killed his role in Anikulapo part 2 - the rise of the spectre.

RIP.

Tommydare:
He has unleashed a lot of terror? All these media and political propaganda won't take you anywhere in life. That man is better than any politician you can think of in Nigeria. Stop fooling yourself.

Someone that illegally seized other people land with the crude use of force?

Someone that was always behind lot of political mayhem?

It is an open secret that he was a loyal thug to the ex governor Ladoja.

Lot of crises in the state had the signature of this man.

I bet you do not know the evil that is masquerading as a freedom fighter

nlfpmod:

https://www.youtube.com/watch?v=RUWY83eOhNU?si=JzI68bjt0SWdub7E

Yoruba nation activist, Sunday Igboho, has called for the release of Nnamdi Kanu, leader of the proscribed Indigenous People of Biafra (IPOB).

This Igboho dude is warming up to be caged again.

This is what happens when we don't enforce our laws.

This guy has a case with the Nigeria Govt before he crossed Nigeria border with a fake passport. He was put behind bars in Benin Republic but he strolled into Nigeria without being picked up by the Nigeria police to answer to his alleged crime.

Now, he was sounding to be relevant again. This guy has unleashed lot of terrors in Ibadan before his incarceration in Benin Republic.

His fearsome personality is gone - he claimed he had so more charms and boasted to face Nigeria army yet he ran more than Usain Bolt across the border . This was a futile attempt to form a freedom fighter to be relevant again.

This time, he will be gone for good.

HonNL:
His contract expires tomorrow


Pulse Sports Nigeria



SOURCE

Good riddance to bad rubbish.

He wont be missed.

NFF should go for a local coach.

SoNature:
Due to inflation, the Canadian government wants international students to have 20k Canadian dollars for living expenses alone. This is more than 20 million naira. This is what the government wants students to have, excluding tuition fees. In other words, international students must present more than N40 million in their accounts before they are given Canadian visas.

When the announcement was made, the first question I asked was, "How many Canadians students have $20k?" Funny people, you give others the same conditions your people cannot meet. These people practically borrow to buy everything because they have a working credit system!

I wish I could like this comment one million times over

alphonsojaybaz:
Family releases 6-day burial rites for Wigwe, wife, son who died in air crash



https://eyesoflagos.com/2024/02/28/family-releases-6-day-burial-rites-for-wigwe-wife-son-who-died-in-air-crash/

To what end exactly?

Gistsnaijamedia:
https://www.google.com/amp/s/punchng.com/makinde-joins-nlc-protest-in-oyo/%3famp

Seyi dey play Oyo State like ludo game.

He has sunk Oyo state in lot of debts.

He is moving the children play ground at the heart of the city to a remote location so he can sell the land.

He recently sold agodi garden land to hotelier.

By the time he leaves the seat of power, Oyo state is sunk in everlasting debt with nothing on ground to show for it.

Hopez456:
That's not correct. 15k premium enables you to claim 3million for 3rd party damages and unlimited amount to injury or death caused the third party.

Thank you.

I responded based on what the guy wrote earlier.

SoNature:
You didn't tell us the details. However, bear in mind that if you earn less than 100k in this economy, you don't have a good job yet because you are underemployed. Therefore, you should keep searching until you get a better job. Congratulations though!

Just be happy for him. You don't need to have the details.

It's not about the salary now, he will gain invaluable experience on the job which he can use to get other high paying jobs.

babeface3:
All the 3rd party insurance are fake and more meaningless. It is a money making instrument for those incompetent guys wearing one annoying white and black.

The limit of the cover most of the time is not more than 25k , so what's the essence even for the little ones that are genuine -those not bought through the white and black people .

Really?

So why paying 15k to have access to 25k damages. That's just 10k gain

Raysleek:
If insurance was accountable in Nigeria especially 3rd party people won't hesitate.
It is hard for a private car owner not to be insured with at least a 3rd party insurance. The culprits are the transporters yellow buses korope etc. Frsc are on the road they rather bow to the transporters that have violent unions.

Frsc is worse than police, only that they don't have much interaction with the populace.

Neduzze5:
I will give any of you with the liver/mind to carry out a coup 200M naira....

We need to sanitize our political system.

Be careful of what you are typing in a public domain.

You are not as "invisible" as you think.

Ogiame:
After asking all these questions about people who made you buy rice for N8,500 per bag against your brother's N63,000, try drink Water.

What have you brought into the discourse apart from your tears?

Tinubu should go and manufacture dollars in excess to satisfy your undying appetite for foreign goods. Right?

Your currency has just found it's true value, deal with it

Jokers

Johnjustice:
The floating of the naira is a bad idea, I wonder what the president hopes to achieve by floating naira. Ill advice, this dollar floating will destroy Tinubu's reputation, destroy Nigeria and our economy. Mr President policies are for the good of the people,.stop trying to impress IMF and foreign bodies. Nigeria can survive on it's own selling to itself, we can work with Asia and other African nations , we don't need the West, they need us.

So tell me, what exactly are you selling apart from crude oil that is bringing in dollars for Nigeria?

Ogiame:
One naira is equivalent to 0.40 CFA.... Imagine the insult!!!! This was not the case throughout the administration of GEJ.

However, when you oppose Chief Bola Ahmed Tinubu's demonic and poverty-inflicted policies, his supporters will argue that Yooukay, Franzzzz, and Singapoor are also experiencing recession and difficulty.

So are the economic indices the same with Jonathan regime?

Okonjo iweala openly said that Jonathan lacks the political will to save for rainy day. If he had saved, Nigeria would have had cushion at this time there's weak inflow of dollars. The Jonathan you referenced was part of the problem.

I also wonder why a so-called professor writes like an illiterate. Was it tribal or she was genuinely confused?

Most Nigerian professors are only subject matter experts in their fields, take them out of it and they sound unintelligible. She studies law but obviously deficient in economics

meum:
The Seyi law you applaud, his family has relocated abroad. If things were that good under the government he promises to support even in 2027 why hasn’t his family returned to 9ja?

Lots of American , British etc live in Nigeria.

Are they economic migrant too?

People travel to other countries for diverse reasons. Don't be short sighted.

Lifeinlight:
Mr Ronu

Your emilokan wasn't employ into asorock for blame game. He wasn't employed to start apportioning blames here and there. He was hired to give Nigerians dividend of democracy. His government is approaching a year now and there's absolutely nothing to show for it, except hardship, hunger, insecurity, kidnapping, hyperinflation amidst other negativity.

Since you lack emotional intelligence to get it, I will be forced to tell you.

You have quoted me multiple times and you were not getting any feedback from me. That means you were being INTENTIONALLY ignored.

It's not my fault, I don't banter with an idiot. It's in my culture. No apologies.

DeepSight:
Well we can agree the country has been very badly managed. Pleasure speaking with you.
Good night.

Agreed.

Rest well

DeepSight:
Exactly, so when it was not yet N1, 500 to the dollar, the FG would not have been paying such a differential. It would have been paying the differential which tallied with the exchange rate at the time.

Capisce?

Yes you are correct but that differential accumulates to a lot of money which Nigeria can not bear.

So they result to borrowing with high interest rates, which the nation continues to service.

Now, it has become a burden. Nigeria cannot continue along that path.

Sanusi Lamido has been shouting about this. Even Iweala said Jonathan lacked the political will to save for rainy days.

This is the end results.

DeepSight:
What you are suggesting is that prior to the floatation the FG had been paying subsidy with N1500 as the true value of the dollar in its mind. This is not only not the case, it is ridiculous.

No. The benchmark of a dollar to naira is fluid and determined by various tools.

It fluctuates but currently it is 1USD = 1500 naira.

DeepSight:
The point is that the FG would not being paying any such differential if it hadnt floated the naira. Afterall, it hadnt been doing so previously. You cant just imagine "the true value of the naira" and say that the FG would be paying the differential on such an imaginary "true value" if it hasnt been floated and is still 700 naira.

Get it?

Now we are getting somewhere.

The FG has various tools to determine the true value of the naira to a dollar. They will know it is 1500 naira to a dollar even if naira has not been floated, they always know the differential to pay. They always benchmark dollars to a realistic value, otherwise what you are saying is Nigeria can sell a dollar for 100 naira since Naira has not been floated,.

DeepSight:
Thank you for at least admitting this. Maybe you are a good man who does not deserve to suffer. There is hope for you.



You are getting it all wrong, if the naira was not simultaneously floated, you will not be speaking of N1,500 per litre!

And listen, remember that GEJ tried to do this in 2012 - and it was not a complete removal - only a partial one. Do you remember the rage and protests led by this same Bola Tinubu? What is hypocrisy, tell me?

Now, when I say it should have been done in phases, that is the way it is done everywhere else in the world if you do not wish to fling your people into murderous hardship. Which is what has happened and what we are facing. This is no sensible way to run a country. No seasoned administrator will do things in such a reckless and thoughtless way.

Believe you me, for a sovereign economy such as Nigeria, there are always many creative options - which have been unexplored. Licenses of all kinds which the government has not even thought of regarding a vast array of solid minerals and new technology. It only takes creative and out of the box thinking which is lacking in government. Government still has tunnel vision focused on crude oil.



Government was not paying an actual subsidy for each dollar sold. And foreign investors were still in our very large market. If anything, more investors have exited since this govt came on board with its disastrous market shrinking polices. One thing this govt fails to understand is that when you reduce the purchasing power of the populace, the market becomes less attractive to any investor because consumers are poorer.



That was fraud.

Look at the bolded and read what i am about to type carefully.

Let us assume naira has not been floated now. And it is trading 700 naira to a dollar but meanwhile the true ratio of naira to dollar, as we can see now is 1dollar = 1500 naira.

Now if the importer wants to import, the importer will pay FG at the rate of 700 naira to a dollar , which means the FG will add 800 naira for each litre to make up the true value of the naira. It is still the same thing!

You think the importer is importing at 700 naira to a dollar, hell no!....they are actually importing at 1500 naira to a dollar with the FG borrowing money to add to the differential.

Tell me how does that pay us? It is a bubble

IndexMode:
No, you're wrong

Before floating the naira, he should have worked on importation of capital goods like tractors, raw materials etc. and even stockpiled
That is the only way we can produce local products inspite of a weak naira.

Now, FG can't control price if they didn't provide/subsidize input. All those local alternatives you mentioned are also expensive.
Increasing minimum wage would cement inflation permanently and make naira worthless. All associations would also raise their charges subsequently I.e bricklayer, babrbers, transporters

He did not lay the foundation to become a productive economy first. His critics are right, execution is everything.

He must partially manage fx to keep this economy from collapsing meanwhile.

What difference does the bolded make.

Even if tractors etc were ordered before the floatation of the naira, the FG would still be paying the true value of the naira to dollar for the purchase.

Nothing changes from the solution you seeemingly proferred

DeepSight:
Do you realize that both policies were inflicted on us within a month of the resumption of this administration?

Tell me - do you really think it was wise to do the subsidy removal within minutes of assuming power?

Not even with one or two week's pause, analysis, consultation and consideration of facts on ground (especially when funds had been provided for subsidy till the end of June) - tell me seriously - was it right to do it that way - in the inauguration speech?

As for the flotation of the naira, no one was chasing the FG so desperately that it had to be done so quickly.

You need to bear in mind that doing it simultaneously with the removal of the subsidy was a double disaster. It creates a vicious cycle that is difficult to exit.

The announcement during inaugaration speech was not right.

Are u saying that if by end of June, he stops subsidy, Nigerians wont complain same way? If he had not removed the subsidy and petrol still sells for 180 naira now, with the international price reading 1500 naira per litre, Nigeria will be paying a differential of 1320 naiira for every litre bought!! The 650 naira per litre now has reduced the amount being spent to subsidise via the backdoor and let me tell you, that has to go with time too if we really want to reposition the country.

As per the floating of the naira, he had no choice. No foreign investors will invest in Nigeria when you are not giving him the right value for his dollar. Why should the FG be paying a the differential of each dollar bought.

Nigeria gave people who were travelling to saudi arabia, jerusalem and schooling abroad cheaper dollar at CBN rate while the FG kept on paying the differentials in price. Do you know how much in billions being wasted in that process, not to talk of those importers?

And yet Nigerians would be saying the country has never done anything for them, not knowing that they have been subsidising almost everything for them. Now the hen has come home to roost

DeepSight:
Governments must take pro active steps to protect their economies and their people. What we are doing is simply adopting IMF instructions hook line and sinker. IMF prescriptions have NEVER saved any developing economy in the world. If anything, IMF prescriptions have a LONG HISTORY of wrecking developing economies.

Where do you expect Nigeria to subsidise both exchange rate and petrol?

Please just tell me

DeepSight:
In fact, let me bust your brain. As at today, by every proper calculation available, more money is being paid for subsidy by the backdoor than as at May 29 last year.

Because of the exchange rate.

You are simply impossible

DeepSight:
Your last line just shows u up for what you are. Your government will kill you and you will sing their praises while the knife goes through your throat. You dont deserve a working country. You deserve suffering - and you will get it.

A people get the leadership they deserve.

You are painfully slavish and ignorant.

All great countries had gone through this phase before.

America went through the great depression.

A prodigal son must suffer for the years of the locust. That is our state as a nation

So, what exactly was your point. You dont have firm grip of economics.

DeepSight:
Could it be that you are simply one of those who will defend Tinubu even if we end up like Venezuela as a consequence of his hasty and ill thought out policies?

Are you Boxer in Animal Farm?

"Napoleon is always right?"

Nigeria cant be like Venezuela because she is not under international sanctions.

Nigeria needs to be repositioned.

The summary of our problem is we have little dollars coming in while we have lot of people demanding for number of dollars we dont have.

The only solution is to either expand our capacity to generate more dollars or reduce the numbers of people and organisation making demands.

Dollar is floated now to reflect the true value of naira to dollar, which wont allow us to go out and borrow to fund subsidy. Thats what Cardoso was saying, there was now inflow of dollars into the country. That policy is expanding our capacity to earn more dollars, we need to combine that with local production.

It wont be easy but doable. Hang in there.