₦airaland Forum

What has changed


1. GEJ is no longer d president.

2. Those who sponsored the protest in 2012 are now in power.

3. Nigerians thought GEJ was lying about cabals, until recently cabals held the nation to hostage through artificial scarcity for almost a year.

4. What a woman can do successfully with ease(Diezani), two men cannot do with force (Buhari and Kachiku)

5. And you, you are 4 years older now.

All we need is diversification. Minimum wage increment will put pensioners, non-salary earners and students vulnerable. Because there will be hyper inflation.

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Yet All of you called him a failure. may be blinded then by your ambitions. pls do your own make we see.

Bevista:
I don't think it's completely out of place for folks to increase the price of their goods and services, even though there is no direct FX input.
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The reality is that these business men/women patronize other goods/services which have increased in prices due to dollar effect. As a result, they have to re-price their items so they can generate enough income to meet the rising price of other items. For instance, mama Nkechi (who sells palm oil or pure water) might need to buy Sardine which has increased from N150 - N200, or replace lost phone which has increased from N20k - N30k, or buy her son a laptop which has increased from N70k - N120k.
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A high exchange rate usually gives rise to (imported) inflation. Should the CBN officially devalues the Naira and fuel price increases, then the inflation will become official. Everything in the market will respond instantaneously with price increase. The REAL value of your salaries will become less since it can now only buy a fraction of what it used to buy.
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Strike action looming from NLC demanding wage increase. Employers will resist, complaining that rising wage will add to the already rising cost of business. SMH!

wiseone, I was abt leaving d thread wen I saw ur comment. thanks for ur enlightenment, it unfortunate people create thread with little or no research.

ibisko04:
Thank you sir. Any how you want to see it, let us go back to productive economy and do away with this import depending nonsense.
But devaluation of naira is not what will propelled the people to produce goods and services that are needed locally.

it is my bro. demand is a function of price. d higher d price d lower d demand, as we were taught in secondary education. if naira is devalued, the price of imported goods will be high. take for example d price of rice might be as high as 30,000 per bag, you as a rational consumer will want to buy the rice produced locally which might be cheaper compared to rice imported. if importers see dey are no longer patronize, they will stop exporting our jobs. this is a wide topic, many don't understand.08132366020 for detail explaination.

ibisko04:
Your patriotic sense is very low. Are you happy because naira is getting worse or you are happy to see Buhari government as a failure?
You people are so comfortable with buying and selling.
Production has become a taboos. Even, the food we are eating is dwindling by local production.
Our farmers are aging , no younger generation of todays is ready to take up their jobs either mechanically or manually.
Rice, beans, chicken and many others food are 70% imported.
In another ten years time, yam and some locally processed food will not be available locally again.
All these nonsense about devaluation of naira will continue until we look inward to start productive economy rather than every body been an importer.

sorry my bro, d workings of international Finance has eluded u, you and your president Buhari are illiterates in dis context. What Utomi and a few concerned Nigerians stand for is that only devaluation will FORCE Nigerians to real production as u av mentioned above. If u don't understand how it works, call an economics teacher or see me after class.

Pat, Buhari has no knowledge of economy. It is unfortunate will av an illiterate president, more unfortunate he does not take advice. Leave him, he has refused to devalue d naira, bt naira has bn devalueing itself.

Federal Government vs Tompolo Government.

Jusmudi:
Hw many origin do u want

only one go do me my brother. thanks jare.

d only thing APC is yet to deny is maybe PMB took the nomination form himself. Baba can't even remember all he promised.

d same way u were urged to removed subsidy u declined, because u once nailed past administration about it, later u removed it without making noise. I'm sure, u will stil yield, because u are yet to understand d economics dat it contains.

he might one day travel to heaven as Fayose prophesied. Granpa don old.

Buhari promised two weeks. It is not yet two weeks you people are already complaining. EFCC might visit u people soon. Yeye dey smell.

ISpiksDaTroof:
If this was here in the States, does this pendejo know that he just talked himself into at least 20 years in Prison?! HE HAS NO DEFENSE!!!

And why is the EFCC allowing all sorts of characters visit inmates pending trial? The ONLY people that should be allowed to visit him PRE-TRIAL are his legal team; even his spouse should only be allowed to speak to him on monitored phone calls and only for a few minutes each week until the conclusion of proceedings. He should not be allowed access to his PERSONAL phones, and his letters--- both incoming and outgoing--- except VERIFIED Attorney/Client correspondence should be monitored. The result of neglecting control of Pre-Trial Inmates is the idiocy we see in the above article.

Anyway, Nigeria is still learning, hopefully they get it right before it's too late.

oga US lawyer what do u call outright detention without charging to court- dictatorship. This man has being begging to be charge to court but...

AyoolaIgwe:
lolzzzzz...restriction of dollar sales is like taking a painkiller for tooth ache. It is a temporary solution.
>>by REAL production u mean?
>>where will d raw materials for production come from? If dey will come from abroad, wot is d standard unit of currency in d international market with which d materials will be bought?

the REAL production start from production of raw materials which is basically FARMING.

lordizak:
Where you for read ur economics?

certainly not same class with yours

certainly not same class with yours.

restriction of dollar sales does not solve Nigeria problems as it stands. Only REAL production will. Oil is dead and will never rise again.

restriction of dollar sales does not solve Nigeria problems as it stands. Only REAL production will. Oil is dead and will not rise again.

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yes offcourse, that was there last Xmas in BONDAGE, they are now under ATTACK and CHAINS.

[quote author=PassingShot post=40414770]Not increasing VAT paid on goods and services doesn't mean that earnings from VAT cannot be increased. What he has to do is to expand the net of VAT to include more goods and services that are not currently being taxed.
N2trillion is about N166.5bn per month in a year. If Lagos could raise over N20b n in a month, Nigeria should have no problem raising eight times of that figure.
For the fact that he did it in Lagos is enough for me to believe him to repeat it at the federal level.[/quote in case u don't know Lagos alone shares 50% of Nigerian economy. If you are in doubt ask SLS fmr CBN Boss. Mo State in Nigeria can compete with Lagos I'm terms of IGR, where your slave master is the Land.

APC already campaigning for 2019

This Justice might be DELAYED but will never be DENIED. Because Nigerians will be the utmost beneficiaries. Time will tell.

FOLYKAZE:
The OP is reporting Kogi election incident of 1:30pm at 1:04pm. Even vanguard would have the news delayed before publishing. So who is lying? Vanguard or the silly OP?

I'm sory you don't know how to read and understand. The OP said ahead of the election to commence at 1:30pm. APC Zombies.... illiterate as thier Father and Leader BUHARI.

more adjustments to macro economic policies will cushion the effect. No more extravagance, by either govt, private institutions and individuals. when income reduces, spending shld cut.

cant you see you are the REAL wailer. the tears in your eyes makes u blind to the truth, and Buhari lies in ur brain makes you reason poorly. your Taye is busy wit his life somewhere u are hear defending a president that cares less about u. sorryyyy.

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A man who has contested thrice for the position of Nigeria president before he finally won the forth time, after continously spending millions of dollars declares this and you call it Austere life. No, it is called insincerity, hypocrisy above all Corruption. Anyway; TIME WILL TELL.

One thing I know that is undisputable and which I like abt the Igbos is that their Tenancity, Endurance, Perseverance,Passion and Zeal for sucess in business even in Inventions is UNPRECEDENTED AND UNPARALLELED.

That is why like stubborn grass, found every where in Naija.

If APC used corruption as one of their points to campaign against Jonathan/PDP, it confirms that they knew all that before elections and yet promised all that. I guess they shld av prepared on Hw to fulfill all those promises. Lai Mohamed still campaigning and lieing after elections.