₦airaland Forum

I welcome the entry of more private clubs to the NPFL. Ifeanyi Ubah (hope the owner will not make same mistakes he made last season with the technical team), MFM (organically growing and current world church cup winners), Ikorodu United (owned by Multichoice /Gotv), Giwa FC (steadily coming to their own) etc.

Hope to see more talents developed and hope the national selectors will watch the league more.

grandstar:
A devaluation will be helpful.

1. If they devalued officially, the rate will converge to between 230-250. The black market will move close to the official rate. That is far better than the 305 that is presently on ground.

2. It will put an end to round tripping. People will no longer be sble to buy at 197 and sell at 305.

3. The CBN will be able to meet all demand for forex. Presently, billions of dollar demand is left unfunded and Nigerian companies are being blacklisted. This has been the scenario since Buhari introduced thesr restrictions.

4. It will encourage an inflow of forex.Most people are not ready to receive funds at the official exchange rate. People wjo receive $100 Westetn Union are complaining.

I for one wanted to go into exportation but because I will have to change my forex earnings at the official rate, I lost interest

If people are not bringing forex in, how will the FX reserves grow.

Foriegn investors are refusing to bring money in and many are taking it out.

There are many reasons to devalue. At best, it makes a bad situation from becoming dreadful as it presently is. The naira is heading to 400 by year ending

Why did you assume dollar will converge closer to the official rate after devaluation when we all know that the real value is what we have in the parallel market? You are surely not unaware that the price of forex is due mostly to the crash in oil price and the fact that oil despite being contributor of just about 15% of GDP is contributing over 75% of revenue....

Moreover, no policy maker allows money transfer to drive her policies....you are so concerned about people receiving money through Western Union and the value of Naira against it. These kind of money in most cases don't enter into productive chain of the economy....they mostly use them to consume imported goods meaning they find their way back to originating place.

As a practical econmist. the following should be done:

1. Devalue the Naira. Allow it to float. Let it find its true vslue.


2. End the import restrictions on the 41 products excluded from the CBN window.

3. Slash import duties. High import duties simply rncourage smuggling.

4. Lift all import bans. Same reason as above.

5. Slash company tax to 18%.

6. Pay the monthly allocations to the 3 tiers of government in dollar certificates. This will end the persistent excess liquidity and also lead to a massive slash in inflationary pressure and interest rates


7. And so on

As a practical econmist. the following should be done:

1. Devalue the Naira. Allow it to float. Let it find its true vslue.


2. End the import restrictions on the 41 products excluded from the CBN window.

3. Slash import duties. High import duties simply rncourage smuggling.

4. Lift all import bans. Same reason as above.

5. Slash company tax to 18%.

6. Pay the monthly allocations to the 3 tiers of government in dollar certificates. This will end the persistent excess liquidity and also lead to a massive slash in inflationary pressure and interest rates


7. And so on

As a practical econmist. the following should be done:

1. Devalue the Naira. Allow it to float. Let it find its true vslue.

I am of the opinion that as at today, there should be a protection policy for serious investors in Agric and Manufacturing....one of such is by subsidising forex for importation of their capital goods needs. By not extending same to competing importers of consumers goods, you will help the local producers to bridge high price gaps occasioned by poor infrastructures and high interest rates.

2. End the import restrictions on the 41 products excluded from the CBN window.
Capital No. Enough of seeing Nigeria as just a consuming economy with bottomless supply of oil money. Reality has shown that we have to cut down on importation. Our foreign reserves can barely sustain 90 days importation.

3. Slash import duties. High import duties simply encourage smuggling.
Slash duties on capital goods...increase duties on things like champagne, shoes, electronics, mobile phones etc

4. Lift all import bans. Same reason as above.
No as stated above

5. Slash company tax to 18%.
And where will government get money to do all it needs to do. So a company like MTN, Airtel etc should enjoy tax holidays and import waivers only to repatriate their profit back home.

6. Pay the monthly allocations to the 3 tiers of government in dollar certificates. This will end the persistent excess liquidity and also lead to a massive slash in inflationary pressure and interest rates.
Is that constitutional?



7. And so on

I have three simple questions for the emergency economists here.
1. Why is Nigeria economy in its present state?

2. In your own opinion, what is the best fix for an economy in this position, that is, dangerously open, not productive, dependent on rent seeking yet plunging extractive sector, corruption infected, poor trade position against other nations, high marginal propensity to consume mundane import goods etc?

3. What in your opinion is the allowable lags to create a balance in fiscal and monetary adjustments necessary to stimulate other sectors especially Agric and Manufacturing while refocussing growth in local production?

If you can't provide your own opinion to these, then discussion on this thread is not for you, just read and move.

[quote author=SkinnyDude post=42184657]i swear you no get sense at all... chelsea fc has being chelsea fc hundreds of years ago... abrahimovic just acquired it recently... he's not the founder... but in this case, ifeanyi uba founded the club.. he built everything. registered the club.

Bros, while trying to correct him, you showed you don't know anything about that club. Ifeanyi UBA just bought the club last season from i think Gabros. He did not form it as that club once won the league and paraded big names like Raphael Chukwu, Henry Onwuzurike

That guy was arrested for fraud but he posted that rubbish to curry public sympathy because he knew most Nigerians are gullible. You can simply Google his name to know who he is. His case has been in public domain for long....he was facing charges in US court and wanted to sneak into the country. Simply Google his name and you will know him better.

I challenge you all to google this lawyer and you will know why he was invited by the DSS. Very simple.

http://saharareporters.com/2015/06/02/us-court-dismisses-rogue-attorney-emeka-ugwuonye%E2%80%99s-bankruptcy-filing.....Please is it the same person?

Unanswered questions all around:
1. Headies insinuated that YBNL and Olamide couldnt campaign for votes for Lil Kesh, but is it not ironic that the same team was able to get people to vote for Olamide to win the Artiste of the year award?

2. Which company handled the voting process for Headies? We know the company handling that of project fame, idols, BBA etc....meanwhile, every attempt by the organisers and supporters of Rikardo Banks to think that dropping information on voting without the process will give credibility to the award is nought.....even INEC elections are compromised in Nigeria

3. The easiest way of accusing Olamide of destroying the green room is by releasing the video footage of him doing that.....or is there no CCTV coverage of that zone? anything otherwise is just rabble rousing as common sense says you can't accuse an individual for mob action.

This is the most idiotic of similar posts i have seen. It does not take more than 3 minutes to thrash this forged document. First, Prof. Stephen Devereux is the Consultant Hermatologist at London Bridge Hospital and not any Stephen Dever...................Moreover, Dr Sara Trompeter is not with the London Bridge Hospital, she is with University College Hospital on Harley Street. Specifically, her consulting address is at 5th Floor, UCH Macmillan Cancer Centre, Huntley Street, London, WC1E 6AG.

If international trips dont help, then why do the benchmarked leaders make such? As per a country in crisis, have you checked how many President Hollande has made in the last three weeks?

Is it not shameful that in a country regarded as one of the largest users of internet in Africa, Nigerians are still lagging behind in conducting personal research on issues that are in public domain, not only to educate themselves, but to be better enlightened...........it is more shameful when you read or hear senators, honourables, governors etc making wild claims that are contrary to what is in public domain despite the fact that these people collect from public treasury some money for research.......With the hues and cries from lots of people on what they termed ''record breaking presidential trips'' by PMB since he assumed office, i decided to track similar trips by world leaders within the same time and i benchmarked President Obama (USA), Prime Minister Matteo Renzi (Italy), Prime Minister Angela Merkel (Germany), President Hollande (France), President Putin (Russia). This covers between June and November 30, 2015 and it is only on foreign trips. President Obama : 8 trips i.e June 7-8 in Germany, July 24-26 in Kenya, July 26-28 in Ethopia, Nov 14-17 in Turkey, Nov 17-20 in Philipines, Nov 20-22 in Malaysia and Nov 29 in France. President Hollande: 30 trips i.e June 1 in Germany, June 7 in Germany, June 10 in Belgium, June 11 in Switzerland, June 15 in Algeria, June 19 in Slovakia, June 21 in Italy, June 22 in Belgium, June 28 in Belgium, July 2 in Benin Rep, July 3 in Angola, July 3 in Cameroun, July 7 in Belgium, July 12 in Belgium, Aug 6 in Egypt, Aug 24 in Germany, Aug 19 in Morocco, Aug 22 in UK, Sept 23 in Belgium, Sept 26 in US, Oct 15 in Belgium, Oct 16 in Iceland, Oct 22 in Greece, Nov 2 in China, Nov 4 in South Korea, Nov 11 in Malta, Nov 26 in Russia, Nov 27 in Malta, Nov 29 in Belgium. President Putin: 10 trips i.e June 9 in Italy, June 12 in Azerbaijan, Sept 2 in China, Sept 14 in Tajikistan, Sept 22 in US, Oct 2 in France, Oct 14 in Kazakhstan, Oct 15 in Turkey, Nov 23 in Iran, Nov 30 in Paris. Prime Minister Renzi : 15 trips i.e June 7 in Germany, July 1 in Germany, July 14 in Ethopia, July 15 in kenya, July 21 in Israel, July 22 in Palestine, Aug 2 in Japan, Sept 26 in US, Oct 23 in Chile, Oct 25 in Peru, Oct 27 in Colombia, Oct 28 in Cuba, Nov 8 in Saudi Arabia, Nov 15 in Turkey, Nov 25 in France. Prime Minister Merkel:20 trips i.e June 10 in Belgium, June 25 in Belgium, Jul 7 in Belgium, Jul 8 in Bosnia& Herz, Jul 12 in Greece, Aug 17 in Italy, Aug 19 in Brazil, Sept 3 in Switzerland, Sept 23 in Belgium, Sept 25 in US, Oct 2 in France, Oct 6 in India, Oct 15 in Belgium, Oct 18 in Turkey, Oct 25 in Belgium, Nov 9 in China, Nov 11 in Malta, Nov 15 in Turkey, Nov 25 in France, Nov 29 in Belgium. Finally, PMB:12 trips i.e June 3 in Niger, June 4 in Chad, June 6 in Germany, June 15 in South Africa, July 19 in US, Aug 1 in Benin Rep, Sept 7 in Ghana, Sept 14 in France, Oct 27 in India, Nov 22 in Iran, Nov 26 in Malta, Nov 29 in France.

''He said former lawmakers who are nominees would be given preference in line with the conventions of the senate''‎-------Was Ameachi not the former Speaker of Rivers State House of Assembly?

For all tribal bigots, already wailing over this issue and creating a Northern fixation over it, can you kindly tell me Ojukwu and Bianca's ages when they got married, same way, what is the age difference between Chief Iwuanyawu, Chief Clark, Chief Okoya and their wives? 18 is consenting age and issue of marriage is personal without recourse to public opinions.

Ms. Oteh was nominated as the Director-General of the Securities & Exchange Commission by President Umaru Yar'Adua in July 2009. Arunma Oteh became Director General of the SEC in January 2010, after being confirmed by the Senate

christinie:
my friend Sabiu is his middle name or are you too daft to notice? It's like me writing my name as Christine Egoyibo. Would u say am not the one? Bia kpachara anya gi there.

Your story does not add. The OP claimed he is the 33rd person and we have 32 names on that list. Then why does he have to be the only one having his surname omitted? Meanwhile I have no use for your name attention seeker!!!! we know your kind.......

christinie:
he's there but you are too dull to see it. Read again. No 17
.

Is he Yussuf Sabiu? and there are just 32 names on that list.... try to engage your brain more than your boobs

Did the OP deliberately smuggled in Yussuf's name in the headline. Scanning through the list in the body which tallies with the official list from the government, Yussuf is not there.

Prof. Adigun Agbaje all the way.....a gem of an administrator.

meforyou1:
tinubu is no single match to saraki at all at all. tinubu cant even match fayose not to talk of saraki. saraki that defeated his father, saraki snr the strong man of kwara politics and his sister and took over as the strong man of kwara politics. tinubu can only have influence in some SW states like abeokuta and osogbo because the people there are dull, both physically and in the brain. where was tinubu's influence in ibadan politics when adedibu was alive?

I hate to say this, but I believe you need better education on Nigerian politics.....Are you aware that Abeokuta indigenes have ruled Nigeria longest in our history? 12 years and I know some cities have never had ministers.....and Ogun people that are dull in your reasoning have always had big say in Nigerian politics Awo, MKO, Obasanjo, Shonekan, Diya etc.......you are sir, the dull one

Tinubu biggest achievement in politics is that he led an opposition force to form a party and defeated the incumbent.....built and nurtured political parties....moreover, he was in the dungeon during the fight for democracy, hence, he understands the bitter struggle to gain democracy (meaning he will not join force to destroy it).....I doubt if Saraki has ever done any of these.

Rexology:
Did they actually say that?
Compare this:
PRESIDENTIAL ELECTION:
Buhari scored 15, 000, 000 votes (approximately) to emerge the President of over 170million Nigerians.
68, 000, 000(approximately) registered voters, obtain the percentage: 15, 000, 000÷68, 000, 000×100=22% (approximately). Let's take it a bit further, 15, 000, 000÷170, 000, 000×100=9% (approximately)
Can 22% represent the opinion and aspirations of 68millon registered voters? Or
Can 9% represent the opinion and aspirations of 170million Nigerians?

SENATE PRESIDENCY ELECTION:
Total No of Senators=109
Total votes to Saraki=57
The percentage=57÷109×100=52%
Can 52% represent the opinion and aspiration of the 109 Senators?
Please be the judge in this case and subsequently advice the committee purportedly led by Abdulsalami.

Left to you, your analysis should qualify you for a global statistical award abi? Did you consider that based on your premises, those 57 are not even qualified to be in the chamber as they were elected by 9% of Nigerian or 22% of registered voters....remember you can't build something on nothing.

HzRF:
Beta shut ur gutter

Very easy to know low lifes..............they resort to abuse when logical reasoning is a better option.

Unfortunately NEMA and other relief agencies are busy providing relief for generality of Nigerians impoverished as a result of 16 years of PDP misrule.

This is a lie from the pit of hell.....the inauguration is on live on TV and radio.

This breaking news is only on this forum. NTA, Raypower, Radio Nigeria just confirmed the inauguration starting soon.

This breaking news is only on this forum. NTA, Raypower, Radio Nigeria just confirmed the inauguration starting soon.

Geeweeny:
many of you will criticize this post saying it is bias or from pdp e thugs or so,but d truth is it is a blunder to move the comand centre to a battle ground...evn an ordinary recruit will agree wth u on that,talk more of a general...those who might have read books like 'Art of War' by Sun Tzu and military strategy will also agree dz is a wrong move coz d country security as it stands now is low...but i feel the movmt of d command centre is more of like a shift of power to the north....just my own point of view

Are you sure you have ever read the ''art of war'' as claimed? Sun Tzu actually alluded that you can't win a war by fighting from the back.......that is almost what PMB quoted by saying you can't defeat Bokos by fighting from Abuja.....Meanwhile, the command cent

re was relocated to Maiduguri which is several hundred kilometres from Sambisa. We must not lose sight of the fact that GEJ and the military command claimed that the Bokos have been pushed to Sambisa and that is what was probably in the notes handed over to PMB.

Just like NOI deliberately deflected the ignorants from questions raised by Prof Soludo just 3 months ago, she has done same to questions raised by Gov Oshiomole......Madam, can you make your handover note public for sake of accountability as claimed by you in your reply?

AfricanGod2:
First of all, thank you for summarizing.
Second of all if what you've written is correct then you're being unreasonable.

third: Okonjo is a world renowned economist, she is the 48 most powerful woman in the world according to Times and she has immensely more credibility in her profession than the governor calling her a paper economist. In fact the Oshiomle is the quack between the two of them.

Fourth: All this stuff about attending meetings with governors and giving governors slide presentations is so absurd I can't believe someone who claims to be a governor is not ashamed to mention them.
Okonjo works for the FEDERAL GOVERNMENT. She does not work for ANY governor and is NOT ANSWERABLE to ANY governor. The man, and any other governor that expects her to stoop to a level less than that of a commissioner for them is silly, lazy, incompetent and does not deserve the title governor. He should go hire a competent commissioner of finance and face the business of govenoring his state.

Only in Nigeria do state "governors" go to the federal government begging like paupers. Only in Nigeria do the finances of states depend so much on the performance of the federal minister of finance. And ONLY in Nigeria do state governors complain like babies when the said minister does not have time for them.

Did you write this trash or your outsourcing agent did without your knowledge? NOI is being accused of making verbal presentations at NEC meetings and you don't see anything wrong with that? Mind you the governors are members of this statutory decision making body and in your wisdom it is too much for the supervisory minister for economy to properly give figures and data on state of public finance........ beyond mismanaging our economy, this government stands accused of creating a large pool of clueless companions among the citizenry.

For Male or Female

Not more than 35 years, Computer Literate

Are you a goal-getter, willing to dictate your earnings?

Are you willing to earn over 90k monthly from your first month?

Are you interested in a career in beauty and the glamour?

Are you friendly and willing to meet people?

If yes, our company, a top beauty and spa outfit catering for a wide range of celebrities and stars is offering you an opportunity of strategic partnership in marketing our products and managing our clientielle base......Interested people should send their CVs to info@ella360degree.com latest wednesday 27th May, 2015.