₦airaland Forum

cpu2006:
Obaseki is in sifia pain.

Between obaseki and you who is in sifia pain now?

AhlexOfficial:
Stop crying foul... EDO NA LAGOS ALREADY

How market?Edo still be Lagos?

seanblaise:
Do you think everyone in America is rich? Are do you think making money and having something to save is easy overseas?...Have you ever asked yourself what type of jobs Nigerians do when they go to the west?
Our graduates sweep streets, they walk dogs, they drives taxies and walk in restaurants, and these are jobs they are not willing to do here in Nigeria. If we enjoy same things Americans or Europeans enjoy( electricity, good education, good health care, good security, efficient tranport services etc) No Nigerian will like to leave for the west where they suffer inhumane conditions just to survive.

You got me wrong. I am actually on the same page with you brother.. I know some friends in France that sales rosted corn.So in Italy are doing car wash,and they do the same business in Nigeria they will make money..So my brother I am a pro Nigeria, I have been to 8 country in the world and sentiment apart Nigeria economy is better than most of this over hype supper power economy.

helinues:
To all those who are hell bent in working against anything interest of Yoruba politically, let this sink into you guys skull, Ondo state is a progressive State and can never be Edo.

And also in addition, we are warning you guys to stay clear of Ondo election... Not an empty one walahi

Aketi winning na sure banker that you can give to your in-law without paying dowries

Ondo state can never be Edo state...

Forward ever, backward never

You don recover from Edo shock?

seanblaise:
Its always good we do our research before writing a post of commenting on a post. In this article, the OP tried to compare goods and services we produce locally to goods and services produced locally in the western world. While he has some valid points, his analogy was not holistic.
Lets look at it from this angle; The world sees the US dollar as a global currency. If a nation or an individual wants to trade internationally, he/she has to convert his funds into the dollar in other to trade. In Nigeria for instance, our naira is a second class currency, so when ever you deposit 1000 naira in a bank, the CBN only views such funds using the lens of the dollar. It simply means that taking the current 460 Naira per dollar, an individual who has 1000 Naira in his bank account only has a little above 2 dollars. Its the exchange rate should drop to about 200 Naira per Dollar, it means that same individual now has 5 dollars domiciled with the CBN. Like someone said above, the average wage in America is $4800 ( not sure about this though), this loosely translates to #2208000. How many people earn more than 2million naira per month in Nigeria.
The CBN does not even keep your funds in Naira, the keep the dollar equivalent for you and that is why even our own National reserves are kept in dollars.
Here is the trick which confuses many people. The value/strength of a currency is not reflected on the digits of the currency, it is rather a function of the purchasing power parity (PPP) and global acceptibility. What this means is that, the british pounds may have a lower digit strength than the dollar, but its not stronger than the dollar in the international market. 1$ is equivalent to 0.79 pounds sterling, but when you want to trade internationally, you still have to convert to the dollar. That does not mean the British pounds is weak. Another instance is comparing a successful and developed nation like Japan to America. The Japanese Yen trades at 105yen per dollar. This doesn't mean Japan as a country is doing badly.
Ask yourself this question, If you earn 50k in Nigeria, will you be paid 50,000 dollars for the same exact jobe you do in Nigeria in America??

Is not about how much you earn,it's about how easily the money fly's .

Biodun556:
THE VALUE OF THE NAIRA.
~Eruobodo.

A currency's value is what is can fetch those who use it as a means of exchange!

Those in America use dollars and those in the UK use pounds sterling. Emiratis use Dirhams and Indians Rupees. Nigerians therefore use the Naira.

The Naira today, is equivalent to 600 units to the GB£ and 500 units to the US$.

Though we are quick to lampoon the Naira as worthless, but let us compare how much value each of these currencies equivalents fetch their owners/holders, within their borders?

In the US, a dollar ($) may not buy you more than a small bottle of water, while N500 will buy you a pack of 12 of the same bottles of water in Nigeria!

A pound (GB£) may not buy you even a small loaf of bread in London, but in Lagos, N600 will buy you and your partner, breakfast for 2, consisting of one N250 big loaf of bread, 4 fried eggs and 2 bottles of water!

Days ago, I bought 50 pieces of medium sized oranges from the Ketu fruit market for N1,000, that's just $2! I bought 3 pineapples for N500 ($1)!

A litre of fuel costs N160 in Lagos, but cost $0.86 (N430) in New York! While I know people who pay cad1,700 (N500,000) per month for their glorified room and parlour self-contained in Ottawa, that is what a friend pays in 6 months, for a 2 bedroom apartment, with separate toilet, bathroom and proper kitchen, in Dolphin Estate, Ikoyi!

So why do Nigerians make so much noise over the value of their currency, when it still fetches them more value than the other currencies that they pitch the Naira against? The answer is simple: the "values" of Nigerians!

While Nigerians reacted with consternation at Dino Melaye's obnoxious display of his stolen wealth, the average Nigerian behaves exactly like Dino Melaye! From the man on the streets to the Churchpreneurs who claim to represent God!

They produce nothing, but want to flaunt everything!

Someone lamented to me about his wife's tenant, who has failed to pay N120,000 rent, for nearly a year, but slaughtered a ram and made festivities, worth N150,000, during the last Moslem "Ileya" festival!
Ask me what the man produces? Zilch!

Had this same debtor taken the N150,000, wasted on the one day feasting to the market, it will be more than enough to set up a fried Yam, sweet potatoes, Akara business, that can net him N300,000 monthly, and take him out of poverty and debt forever!

So, because Nigerians are unproductive at home, but consume from used clothes, to fake hair and eye lashes, to even PMS, from the abroad, they keep whining about the value of the dollar/pound-sterling against their currency.

There are universities in Nigeria, and I had my education entirely in Nigeria! So, if I chose to send my children abroad, what is the headache of the government in my personal decision, should the currency in their country of choice proves unaffordable to me? Who send me?

My personal definition of the problem with Nigeria is that, the policies of the State are manipulated to suit the indulgences of certain classes of Nigerians, who feed fat on the miseries of the masses.

Government resorted to importing fuel because some privileged Nigerians criminally destroyed our refining capacities. Rather than punish them, we put the punishment on Nigerians.

Government "subsidized" the same imported fuel, to create artificial opportunities for some privileged people to loot our treasury, under the artificially created system of "subsidies".

These Nigerians and their fraudulent economists should stop fooling themselves about the poor exchange rates of the nation's currency. 95% of the citizens of this country need food, water, Medicare, etc, obtainable in Naira!

If some useless, lecherous and unproductive, yet entitled, vanity flaunting elements like Dino Melaye, need foreign currencies to feed their insanity, what has that got to do with Nigeria?

If you want to indulge in the zero nutrition Orange, imported from wherever and sold at times ten that of super tasting Oranges from Benue, must Nigeria care about your price plight? Who send you?

If you chose Pizza over Aboki freshly cooked spicy bread and eggs, please find enough Naira to indulge in your borrowed Italian taste. #KokanAye!

This argument over our poor currency is a lie of the elite to pass their problems as everyone's!

Days ago, I made a 4 litre bowl of cooked beans (enough to feed at least 8 adults) from a N200 ($0:40) measure of beans! Add another N500 ($1) worth of sweet potatoes, and you have a super nutritious meal for 8 adults!

That's less than $3 in total, N1,500 (including the costs of other stuff like onions, peppers and oil), to feed 8 adults?

Before you complain that the Naira is weak, tell me what you need the foreign currencies for, and #Eruobodo will show you how you and Dino Melaye are related!

I didn't finished reading but I can confirm everything to be true.I have been to 8 countries in the world and sentiment apart naira is more valuable than this supper power currencie..If 2016 I was scared when I was about to visit Nigeria from Ghana..Because the complaints over how bad Nigeria economy was as at then was deafening.. And when I got to Nigeria I was shocked to see how cheap things were,then I started asking myself where is the recession.. The truth is most Nigerians have taken it upon themselves to wail at everything Nigeria,and by doing that they are sending negative picture to the world.

madridguy:
Ex-Governor is irrelevant? Are you sure you're not suffering from acute wailing syndrome?

Tell us how he is relevant..

watchindelta:
cedis to 1 NGN = 0.0149334 GHS
1 GHS = 66.9638 NGN so I dnt kn what you are saying, does naira reflect on our economy?

Add the 4 zeros back to cedis and you can do your exchange again..

BennyDGreat:
If you take all the zeros away and don't find a way to balance the trade between import and export. It's still practically the same. Nigeria's export must considerably increase

What point are you trying to make?use Ghana economy as a reference

tamdun:
Bro no be fight, na simple question I ask o

Why you dey ask?he said you're not in Edo,simple.. Face your governor for your state.

watchindelta:
no ghana cedi is strong now, 1euro is 56cedi, 1 euro is 533naira

Don't say what you don't know..yes 1 euro is 56 CEDI's as of today.. Now let's add 4 zeros to the cedis. 1euro=56 cedis +0000=560000..it's because of the 4 zeros the Ghana government removed from their currency that makes it sound powerful in exchange market..But such power does not reflect on the economy..

SaintOpzy:
Something wey be say everything na plan,
Like 3d Chess,

Na APC go still win the next general elections...
You heard it here first

Can you point to any election that was transparent like this which APC won?

Sniper101:
Ok then.

...I've never envied Ghanaians
And with this revelation, I won't even do so tomorrow

God Bless Nigeria!!!

Lok.don't mind those Ghanian noise makers online.. Almost everything we consume here in Ghana are brought in from Nigeria.. They are supper expensive here.

Sniper101:
Meaning; it's actually difficult for an average Ghanaian to come across a 100 CEDI, just as it's difficult for an average American to come across a 100 DOLLAR

Is that it ?

Yes,if you're not doing business. But if you're doing business you can easily get it,but you will easily spend it too.If you don't work in Ghana you're in trouble.

Stevecreativex:
How, Can you explain better??

As we speak today if you change 100 CEDI's, you will get 7,000 in naira..Then you start wondering how just 100 CEDI's turned to 7,000 naira..Here is the secret..

In 2007 Ghana CEDI's was doing so badly that they decided to remove 4 zeros from their currency note..so the 100 CEDI's you see today is actually 100 CEDI's +0000= 1,000000...So as at 2006 if you wanted to change CEDI's to naira and get 7k equivalent, you would need to have 1million CEDI's.. Meaning 100 CEDI's of today is actually 1million CEDI's, they only took away the zeros to make the exchange rate powerful.. But such power does not reflect on the economy.

ITbomb:
It's time to take out one zero

Thank you,just like the way Ghana did theirs.. Thats why people think Ghana CEDI's is powerful. Not knowing they took out 4 zeros from it..If Nigeria takes away 4zeros from Naira 1,000000 naira will turn to 100naira.

Jacuzzi55:
sex also has side effect so avoid it
do you know that most of the world deadliest virus are transmitted through sex?
do you know how many number of people who have died through sexual related virus?
go to the hospital and see how lifes are in jeopardy because of sexual related disease
do you know how many unwanted pregnancies and poverty sex has created?
do you know how many rape have been caused by sex?
do you know the number of women that are dieing each year during parturition initially caused by sex
everything has side effects
just use common sense do am

Unfortunately you yourself can't be in existence without sex..

Jacuzzi55:
I have viewed so many thread about masturbation and i am amazed of how irrational and religious people can be when the issue the word MASTURBATION pop up
I masturbated before(five good years) before i stopped the act and i can outrightly say it has no side effect as far you are not addicted to it
the only guilt most people felt after masturbation is nothing but base on religious guilt and stigma associated to it in our society
my summary
1.masturbation make you concentrate and focus on your life (no need to waste the energy pursuing girls up and down, just go inside and yank then you are back to business)
2.it save you from STD
3.IT safes you from unwanted pregnancy
4.it makes you last longer with a girl
5.help in prostrate cancer
6.it makes you to master your sexual urges
7.reduce the chance of raping someones daughter(since you can always relief your self)
8.it safes you from excessive spending just to impress a girl instead you use the money for your own personal good
etc
those that come here to complain about how masturbation ruin there life no use common sense do am

If you didn't suffered the side effects does not mean others don't suffer from it,you must realise that we have different body chemistry..

As for me,I can never masturbate again after suffering so many side effects.

ArcFresky:
He has, he has... He is.. He is....

Already sounding like broken promises.

The earlier u guys learn that PDP politicians used the slang *EDO no be Lagos* for their own selfish interests, the better for you.

Many of you screaming the slang about will gladly exchange Lagos for Edo.

It's true, Edo no be Lagos, can never be Lagos.

Face your Lagos and leave Edo for us.

Abujaexpress:
How do you guys reason? I don't have anything against Obaseki, but be informed that the power plant are not Edo state projects

Hey stop that nonsense talk,power plant is Edo state project 100percent.Is only the refinery that is partly federal,and private. And state still contributed 700 million to it..

ArcFresky:

Your comment sounds foolish
What has the Obaseki done for Edo state.

Edo no be Lagos, Edo no be Lagos, yet given the chance, una go pack go Lagos go stay 1 bedroom with Your uncle his wife and four children... Yet Edo no be Lagos.

He has built power plant,he is building refinery. What else do you want?

Olamotad:
so if Ghana has all this that u pointed out. what are Ghanians doing in Nigeria? then Kumasi alone will make more than 15% of Ghana internal Revenue. A lesson for nija politicians. This is Ghana we gave power for years without paying and fashola came insisted they have to pay. before they paid. being nice takes u no where. what bring respect is success.

You believe the lies that fool is spelling out?If you spend one year in Ghana live go tire you,except you get money well..

hammer3:
[s][/s]

I KNOW U ARE ENJOYING THE ATTENTION THAT YOU ARE GETTING FROM NIGERIA, BUT SOME OF US FIND U IRRITATING.


I AM GLAD, YOU KNOW NIGERIA HAS A POPULATION OF OVER 300MILLION PEOPLE.


OF THAT OVER 300MILLION, JUST OVER 1 MILLION ARE IN GHANA, AND U ARE DISTURBING US.


GHANA HAS SIGHTLY OVER 30MILLION PEOPLE AND OF THAT WE HAVE OVER A 1MILLION GHANIANS HERE IN NIGERIA AND YET WE ARE ALL JUST GETTING ON FINE WITH LIFE.


NIGERIA IS JUST MORE CIVILISED, DECENT AND ADVANCE THAN GHANA IN ALL RAMIFICATION OF LIFE.


SHAME ON GHANE!

God bless you brother. Don't mind the foolish big brethren.

Sammy07:
Onitsha Nigeria, is the largest Market in West Africa
Lagos economy will swallow your country.
What's your GDP compared to ours.
Where is your HDI?
You're saying cities?, lol your cities cannot even be compares to gombe not to talk of other cities in Nigeria.
How many ports do you have?
how many tourism centers do you have?

You dey mind that fool?

Angelfrost:
This matter has gone from urgent to ridiculous, and I personally find it silly!!!

Respect can never be given by demand, it has to be earned or taken!!!...

How many more lowly nations will drag us to the dust before we actually pick up our dignity, and put them all where they belong??!... Even in my most desperate times, I can't imagine going to Ghana for business and settlement...

Well, this is what happens when you fail to elect good leaders with brains for economic development.

Thank you my brother. You have said it all.

[s]

chrisagyei:
hahaha,go and build shops for your 200 million Nigerians in Nigeria first before coming to think of millions of Nigerians who escaped hardship from your country to Ghana and broke the trade laws in Ghana. Abuja which you spent billions of dollars to build is a political mini town and white elephant built for your elites and nothing goes on over there except politicians looting your oil money.

In Ghana we have Kumasi which houses the largest market in West Africa and largest spare parts dealership town in West Africa,Accra which has an economy of 35 billion dollars and Tema which houses the second largest port and harbour in West Africa and the largest industrial city in West Africa.Sekondi-Takoradi which houses the second largest port in Ghana,crude oil city and a very huge commercial twin cities.Ghana has a GDP purchasing power of 206 billion dollars thus retailing is the hottest business in town thus your people can't leave since we started closing your shop in 2007.

You guys don't even know Kumasi is the largest populated city in Ghana and is the commercial hub of Ghana.You think Accra is everything in Ghana,you're mistaken.Ghana is diversified. Fix your poverty capital of the world issue,electricity issue,pipe water in every home issue,corruption issue, security issues before thinking of repatrating your citizens cos they will run back again in no short time.In Ghana, no foreigner is supposed to open a shop that's why we intentionally put 1 million dollars as the criteria because no foreign retailer can afford that buh your people still rush here in their thousands to open shops.Ghana has no issue with Nigeria by the way.Peace.

[/s]You know Nigerians are too wish to believe this obvious liars..I guess you think you're talking to gullible Ghanaians like you.

hammer3:
WE ARE DEALING WITH THE MOST BACKWARD BLACK PEOPLE ON THE PLANET.


PEOPLE THAT LIKE TO CUT THEIR CAKE AND HAVE IT.


I DONT KNOW WAT MONEYIS IN GHANA, BUT I AM SURE WEN NIGERIA CUT GHANA OFF PARTICULARLY, WATEVA ECONOMY THEY HAVE WILL SHRINK.

This is nothing but the truth..But the man in ASO ROCK does not want to act,so sad.

Ajibel:
You're moving onto Lagos to do what?

To liberate Lagos nan..

Okuda:
men who the furck cares who started it? abeg make we move on with our lives unto the next fish to fry. posterity ko, poster ni

You the furck don't care..We that FCK you care..

chiiraq802:
After all the beg and plea's Oshopikin rendered to the traditional rulers of Edo state, They had the mind to handicap him during Election day......

Oshiomhole god we judge all of them!!!!

The man just kneeled for nothing..

Nan Oshiomhole,sorry the political lion statement I dey wait for.

415volt:
Na everybody dery write epistle on top Edo election.


Abeg make we hear word ooo

Then force you open the thread?when we they say Edo non be Lagos una think say we dey choke..So how far now?