Obailala's Posts
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..And Rochas finally played into the hands and fallen into the trap of his ipob haters who have long been desperate to justify their hatred for him. Rochas had ample opportunity to redeem his image following the death of that little boy, but he obviously failed in this one. |
Final blast before marriage... |
ruffhandu:Like I said before, the real debate should be on how to prioritise what is more important than the others. Pilgrims being offered dollars at the official rate while more valuable manufacturers majorly get their needed forex at black-market rates, that is something that definitely kills business morale. Anyway, with the recent convergence of official interbank rates and black-market rates, this issue is already being solved. |
Sweetnik22: Florenademi:Somebody is clearly cheated by a flawed selection process and is lamenting his woes. The best comment several Nigerians are making is that the man is being desperate?.... One day e go reach everybody turn... |
Reference:I wouldn't necessarily say the 'peculiar' problems aren't being tackled; whilst I am of the opinion that much more could be done, if we must be realistic, we must understand that certain issues cannot be solved overnight, or in 2 years. If not for anything, we've seen an effort to ban/limit the importation of rubbish products to encourage local production. We've also seen some efforts being put in to boost agricultural production (e.g. the anchor borrowers programme to boost rice production, the fertiliser initiatives (including the partnership with Morocco) to boost local fertiliser production etc. We've also heard the noise about building standard railway links across the country. The above efforts are things which if completed can take Nigeria out of the stranglehold of its dependency on crude oil; these initiatives can boost local production and reduce imports of certain essential commodities. So I wouldn't blankly say the govt is satisfied with kicking cans down the road. Regarding spending forex on 'consumables', unfortunately we have no choice at the moment and that is exactly the reason behind the current economic conditions. A problem like that cannot be changed overnight, and with a prevalent recession, it would impossible to do anything positive without borrowing. |
ruffhandu:While it makes no sense, I would assume it's in a bid to ensure easier access to forex for more important things. For instance, we all know the importation of fuel is more important than the importation of fabrics; but at the end, the methodology for prioritising what is more important than the others is where the real debate should be. |
ruffhandu:You cant give what you dont have. Saturate the market today with everything in the reserves, of course the price of the dollar would drop today. But the real question you should ask is, if you empty your account today for food to be plenty in thine house today, what will happen tomorrow when you no longer have anything in the reserves to even pump the little bits anymore? |
kaymart:1. Reducing the demand for forex (by Nigerians consuming locally made stuff) 2. Increasing the inflow of forex (by boosting exports) Above are the two main things that can fix the economy. Until Number 1 & 2 can be achieved, there's really nothing that can be done to stabilise things besides pumping forex into the economy. The main problem we've had for decades is that instead of proactively taking steps to achieve 1 & 2, several governments have just settled for the lazy option of pumping forex, and it becomes easy when forex inflow from oil is high. |
buffalowings:The interest rate issue has been talked about a lot. Nigeria's economy has peculiar problems and cannot be directly compared to the US where they can easily adjust interest rates at will. |
Danny287:What is the right policy?.... The only right policy is for Nigeria to increase its forex supply (i.e. boost exports) or for Nigerians to kill forex demand (i.e. start using only locally made goods). |
Dottore:But that isn't done anymore, I mean the subsidy to pilgrims. |
The magnetude of badbelle in Nigeria today fit blow transformer... People just sit idly in front of the twitter handle of a person they hate, waiting patiently for him to tweet anything so they can blast... ![]() |
mightyhazell:In addition, the baby in that picture almost looks like an adult... ![]() |
Anstalk:This Nwoye man looks like a thief... no offence intended! ![]() |
This is outright irresponsible and heartless for the government to still deny two days later that no one died. One would have expected the governor and even his wife to visit the bereaved family and call for an investigation. |
prettyboi1989:Im sorry that I has to sound that way; I was shocked at your statement. if discipline and order were in place, they should have been made to understand that any reckless action will lead to the loss of their job and jail termC'mon, do you need to be told that there are already laws regulating the actions of forcemen?... What makes you think there aren't already laws for this? |
Willie2015:Whatever the case, the beauty of it is that Nigeria would be left with no options than to buy petroleum products drilled and refined in Nigeria. Even if Dangote decides to yank the prices up to his benefit, Nigeria would still be saving more than half of the forex it expends annually because petroleum product importation currently takes up more than 50-60% of Nigeria's forex. I'm sure you know what would happen to the value of the Naira if demand for forex drops by over 50%?... When the Naira appreciates that much, irrespective of whether Dangote choses to be a heartless glutton, it will still be a win-win situation for Nigeria and Nigerians when Naira value shoots back up to N150 to a dollar or even higher. |
Willie2015:Where were all the other Nigerian businessmen when OBJ was giving all these things to only Dangote?.... There's certainly something Dangote does exceptionally well which makes him get his way with every government; there's something he does while other businessmen sleep. |
miltonchux: Willie2015:How can only one man keep getting the support of every single govt from north-east-west-south?... Is he the only businessman in Nigeria? The man's business and investment skills is certainly exceptional; that's one fact a lot of people desperately refuse to acknowledge. |
hobermener:A functional and efficient refinery of that magnetude would solve a myriad of Nigeria's economic woes. |
Saintp:The guy's views are appalling... I cant understand how any normal human could be so judgemental. |
Jabioro:And What is stubbornness about a man scrambling to his shop with his little boy to see what he can salvage from the shop before it goes down?... 48hrs notice was given, but I'm sure the notice never said the demolition wss going to be executed in the middle of the night. Probably you will say he should have done his move yestrday, or much earlier because the plan to demolish the market has been on since. But do you know whether he has where to move his things to?... do you know if he has the resources to even arrange the logistics?... Yes the order to vacate the market has been there since, but arent ypu aware the traders are contesting it?.... In fact, how can you even have the guts to blame the poor trader for this tragedy?.. You think everyone's life is as perfect as how you paint yours? |
prettyboi1989:What is this man talking about?... Sre you from the moon?.. Or are you just a child that has no clue what happens in Nigeria?... With all the prevalent indiscriminate killings of innocent people by the police and armed forces, you really think there is no law or code which exists to guide these force men against such crimes? |
Jabioro:Why are you so desperate to justify your senseless and insensitive position?... An emergency report comes in the middle of the night that bulldozers have commenced smashing your market, I guess you would wait till 8am (business time) before you react?... |
Pain:What nonsense are you talking about?.... How could people just sit in the comfort of their homes spewing nonsense?... How could the father have known that trigger happy morons would be on the lose?... It was supposed to be a demolition exercise and not an execution exercise. Do you know if the man has had the time or resources to go remove his things earlier?... Besides, the report states that only a 48hrs notice to 'demolition' was given; do you know if the man was even in town within the last 2 days?.... |
Jabioro:Typical black man, for you to ask this question, you obviously did not read even a single sentence of the report. |
prettyboi1989:My question was, even with an order, what makes you think the morons aren't still going to be loose cannons? |
mindtricks: lonelydora:All I see in this entire tragic episode is just a case of a lot of people finally getting their long awaited opportunity to express their hatred and disgust for Rochas; quite a lot of people have been longing for this opportunity. |
prettyboi1989:The governor of a state has to speak to each policeman on the street admonishing them not to fire indiscriminately at innocent people?... So if we all know the policemen are brainless, why do you think the governor speaking to them personally will change anything? |
prettyboi1989:Does the policeman not have a brain?... Is the policeman an android device or robot that needs to specifically be told/instructed not to kill innocent people?.... Does he not have a brain? .. or how exactly is it the governors fault that the policeman is brainless? |
Air France now has a reputation for this sort of thing; suffered the same fate with them in 2015 while flying to Lagos. Flight was about to take off, developed some system fault, taxied back to the dock, spent 3 hours in the plane while they struggled to fix it, still no victory. A mini protest occured since they wouldnt feed hungry tired passengers and wouldnt open the damn doors for us to go out. Eventually left the plane after waiting 3 hours, and had to spend another 7 hours at the terminal before another plane was provided. I think this is an inevitable issue in the aviation business, but Air France doesnt seem to behave differently from Arik and co. |
babaolofin:Mr Man, if you were sound upstairs, you would have been able to point out whatever it is in my comment which is false or which you dont agree with. But obviously, you lack the most basic intellects to do that, hence your resort to only empty retorts. |
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