₦airaland Forum

vandutchjoungen:
Join the movement.Dino as President and Obi Ezekweli as Vice President.

Huh?!

Oby as a vice to Dino? Are you sure you are okay?

vandutchjoungen:
He is fighting for an impartial EFCC boss.

Oh yes, let's vote him president in 2019 then.

TonyeBarcanista:
Is Dickson from SW? How many SE and SS Govs put advert during Jona B-Day last November? Which prominence Jonathan get for NC? Even in SS?

Dont get it twisted, Jona is PITIED in the SS, he can't influence anything. in fact, Akpabio is more prominent in Aks, Ibori in Delta, Oshio in Edo etc. Jonathan CANNOT install a Governor or Senator in his Bayelsa

Bros you wicked oo

vandutchjoungen:
Dino is blocking Magu because he is biased.He turns a blind eye to the Presidency officials like IDP grasscutter,army chief who owns two mansions in Dubai and Interior Minister that's owns a mansion in Connecticut USA.Is Sarahi the only thief in the country?The answer is no!99% of politicians are corrupt,why is Saraki being targeted just because he was ambitious and prevented the Lagos landlord and former drug baron from imposing his stooge on the Senate.

So therefore, since dino is fighting Magu, that makes him president material. Bravo!

vandutchjoungen:
Dino Melaye should be a front runner candidate for Presidential elections in 2019.We need to support a man that appeals to the youths and is fighting for Nigerians through exposing the corrupt acts of the Presidency through their budget padding antics that resulted in rent being paid for Aso rock in one of the line items in the budget and other corrupt acts.
He is detribalised and is currently the most famous politician that is being witchhunted for preventing Bobo Chicago from imposing his stooge as Senate President.

Successive Nigerian governments have always paid the fraudulent Aso rock rent to God-knows-who, Dino isnt the first to have pointed it out (I remember Sen Abaribe also making that point sometime back), Dino has been in the NASS since 2007 if my memory serves me right and I haven't heard him say anything about all these but rather, his legacy has always been to engage in every single physical fight in the NASS. Not that I care if he decides to be a tout, but I'm not sure i understand how his blocking of Magu's appointment as EFCC chairman (a clear white and black case of corruption fighting back) has suddenly turned to a virtue and has made Dino Melaye a president worthy HERO in your eyes.

Nigeria truly has exotic breeds with wonderful reasoning.

Igbos and Yorubas embarrassing Nigeria?... Wonders shall never end!

Facilitates International Transactions
THe foreign reserve is like the wallet of a man (country) containing spendable cash. The man might run a payment system within his household where he and his children buy/sell things amongst themselves using cowries, but if any member of the family wants to buy something from the outside (international transaction), the real cash in the wallet would be needed.

Determines Value of Currency
Just as above, if a child of that family for instance wants to buy a pack of biscuits, he needs to give some cowries to the father, who in turn pays for the biscuits with real cash from the wallet. Now let's assume the man has $10 in the wallet, and let's assume the man exchanges the child's 1 cowrie for $1; if the amount in the wallet drops to $5 over time, the man may not be able to exchange 1 cowrie for $1, he might then have to double the price by taking 2 cowries for $1. Conversely, if the children are not too demanding of biscuits all the time and if the man has increased the wallet amount to $20, he can then afford to even exchange $2 for just 1 cowrie. In summary, the amount in the wallet and the demand of his children for biscuits determines the value of each cowrie compared to the dollars in the wallet.

DocHMD:
You usually pose to be an intelligent poster here but you are conveniently oblivious of the fact that it is FAKE NEWS propagated by a rabid Igbo hater to ridicule the great Igbo nation.

I'm sure you should have seen where I wrote "the reports even has no maggi"?.. a.k.a 'No source' a.k.a fake news?

@Op
Wetin concern pastor with police work?

Another idle group... what exactly is thw business of this group with the senate or with Ndume?

Anyway, the reports even has no maggi..

Ahhh... the matter don expand to healing ministry?

Chaii...

Xmen149:
it was speculation over the media,no official petition was put was put forward.

The only recognized is from ndume which he(was too quick and didn't investigate or was pushed)put forward being a member meaning if the accused are found guilty they will be punished by law automatically making him the one putting forward the accusation.

he is even lucky.

Nope, he didn't make any allegations and I wonder why that's too complex for anyone to understand. An allegation was already being circulated in social media, and in such a circumstance, it is the duty of any responsible Senate to clear the air. How else do you clear the air without carrying out an investigation first?.... Must a formal petition be made before the senate clears the air?

Dangote is worth more than all others put together.

Slowly but surely, we shall get back to the glory days when Nigeria doesnt need to import everything; maybe we could get back to the time when we had only $4billion in the forex reserves but the dollar was below N80 cos we had low demand for it.

fuckyoumhen:
APC IS A DISASTER! HOW MUCH DO WE BUY BAG OF RICE 2YEARS AGO & HOW MUCH IS IT NOW? WHAT ABOUT KEROZINE, BREAD, BISCUIT etc
DOLLAR SOLD FOR 218/$ 2 YEARS AGO BUT NOW 370-375/$ TODAY. GHANA IS VERY CLOSE TO US & AN AFRICAN NATION, THE PRICE OF COMMODITIES REMAINED UNCHANGED FOR MANY YEARS WHILE WITHIN 2YEARS APC HAVE MURDERED NIGERIA ECONOMY

You sow what you reap, the mess you find the country in today was cultivated few years ago by the same useless PDP so it is silly for the same PDP to come and ask that stupid question. Only myopic or just undiscerning fellows look at where they falls and not where they tripped. Only these same set of undiscerning fellows think it is an act of the last 2 years that caused the Naira to fall uncontrollably when oil crashed.

Rice is expensive today because the Naira has crashed. So also is petrol, kerosene and other essential commodities. After 16 years of PDP, if they didnt kill all Nigeria's refineries, Nigeria wouldnt be needing tens of billions of dollars every year to import fuel to start with and the high demand for forex (which currently drives the Naira down) wouldnt be there. Likewise if the last PDP government did not squander Nigeria's reserves from over $60billion to less than $30billion even at a time of high oul earnings, Nigeria would have had substantial amount of forex to counter the effect of the drop in oil price drop.

But then again, only unintelligent students believe the Naira crashed because of some 'wondeful' policy in less than a year and not the years of indiscretions by the useless PdP leadership.

TippyTop:
Anyone who believes he is better today than 2yrs ago needs a brain transplant and is an irredeemable zombie.

You don't get it do you?.... The result of the poll is simply a protest against the stupidity and uselessness of PDP.... How can the chief culprits of the mess we find ourselves in today be the ones to come and ask Nigerians this question?

Xmen149:
it was speculation over the media,no official petition was put was put forward.

The only recognized is from ndume which he(was too quick and didn't investigate or was pushed)put forward being a member meaning if the accused are found guilty they will be punished by law automatically making him the one putting forward the accusation.

he is even lucky.

A story is awash in the media, social media, print media etc... Ndume simply called for it to be investigated, and there is absolutely nothing wrong in that; he didn't pronounce anyone guilty. There is no wrongdoing in calling for an allegation to be investigated; that is what is done in sane societies when there is a trending allegation. What the senate did today is nothing more than what Hon Patrick Obahiagbon describes as legislative rascality.

harmonizo:
...and what is there you probably didn't underdstand?

How is he being used?

Reading through this thread, funny how most of the commenters just automatically assume the case will go against SR. I'm wondering what the case against SR will really be.

Wetin delivery man dey enter house for? ... E even balance for parlour?... Na so e dey start.

www.nairaland.com/attachments/5075339_15994_jpeg3531b95a0a2f2484911f69e848df3ff4
This man no go kill pesin

Does anyone still need proof to confirm that our Senate is ruled and filled with imbeciles?

Suspending someone for 'suggesting' that an allegation be investigated?... An allegation which was already all over newspapers?

Same way the HOR suspended Jibrin.

KidsNEXTdoor:
You wrestle power from the north and their Yoruba Muslim stooges? Guy Wetin u smoke?
There is a reason the SE is the only region with 5 states ...
There is a reason the northern states are more than the southern states
More northern law makers in the chambers for pro northern agendas
Their is a reason the north has ruled for more than 3 decades before democratic rule
The list goes on and on

The only thing left is to boycot all electoral process until we restructure the country

Boycotting electoral process is stupidity; just the same way boycotting census (as has been preached by some daft quarters in the past) is stupidity. At the end of the day, even whilst others are inflating their population figures fraudulently, a lower population is registered for Igbos (thanks to boycott), and of course, those figures are used in revenue sharing. Finally, the SE gets lower allocations from the centre and we begin to complain.

Nigeria has 3 big tribes that stand as a tripod, the only way for any of these 3 big groups to get power is build bridges/partnerships with at least one other big group. In 2011, even with the large population of the north, GEJ won elections because he was supported by the 2 big groups from the southern axis. In 2015 he lost because he lost the support of one of the big groups; the north had stretched a hand of fellowship to the west and they accepted it.

Now while the above is very commonsensical, instead of building bridges, a lot of Igbos like yourself and those who have pledged to the ipob movement have been destroying every last bridge we have with the rest of Nigeria with the weird assumption that "you cannot wrestle the north." And that singular indiscretion (isolating itself and quarrelling with everyone) is the exact reason why the SE can never wrestle power in Nigeria, it cannot be done alone, no man is ever an island, and claiming or romancing the SS alone wouldn't be enough to win any prize in Nigeria. I guess this inability to play politics of alliance is the reason why plenty people like yourself now believe the only option left is to run away from Nigeria.

mightyhazel:
while waving their 'jonathan caused it' excuse in our face,..I said it b4 dat dis exponential increase of dollar 4m 158 to 570naira per dollar isn't ordinary!


Some people are making serious billions in dollars over it,while zombies try 2 divert our attention about with ' jonathan-diezani mismanagement'!

Time shall tell

Some people are making billions through round tripping (buying at interbank rate and selling at blackmarket), but obviously, this claim of people buying dollars at 61kobo is comedy... cbn since clarified this and I wonder how this thread surfaced again today.

Chaii... but imbeciless full Nigeria shaa... some people actually expect ministerial slots of kogi and gombe to be filled from somewherr else?

9jakohai:
Largely because they cannot take their dollars out easily thanks to restrictions........

Essentially when oil was sky high, foregn investors could come in...because the govt did not need their dollars....so much was flowing in from oil sales....

But once oil went down.....govt needed dollars, and needed them bad. Suddenly them investor dollars looked delicious.

So, as a result, many foreign investors are running for their lives so as not to have their money trapped in Nigeria.

Of course...CBN restrictions caused it. But...those CBN restrictions are why the Naira is not exchanging at N2000 to $1 right now....and why we are not down to our last $10bn dollars like Venezuela...but have been acttually making money (Venezuela's overimportation, which makes Nigeria look like a kindergarterner, and their high cost of getting their crude out of the ground...or the sea to be exact also played a role too...but we digress).

We need a stable source of dollars.....and we need to start working toward that now

If only 170 million Nigerians can understand this overly simple logic.

Oildichotomy:
You are not getting the point do you? The much touted cement sufficiency is practically monopolised. Not that the cement and the value chain created is better off anyways. Get this though, I never said I'm against ban but I say it is highly inhuman for a supposed progressive government to gag it's citizens with harsh policies almost in quick succession.

Exactly my point, learn to crawl before you walk you said i.e make the environment non-hostile to investments and business and the ban soiree can come in

Nigeria's business climate has always been hostile, and will continue to be unfavourable for a long time until certain basic amenities are fixed. Lack of Power for instance is the biggest single hinderance to doing business in Nigeria and this contributes up to 50% of production costs. Power isnt something you can fix in a day, and you can't really say you expect the nation to remain stagnant until it fixes power.

Talking of cement being monopolised, there's a statement that "great people became great when their peers were sleeping." How exactly did dangote monopolise the cement market?... What were other investors doing?... they were obviously busy enjoying the larger profits they made from importing... or I'm sure you will say Aliko gets preferential treatment from govt?... How exactly does just one man get preferential treatment from every single govt in the last 15-20 years?

The govt announced this plan to ban tomato paste imports over 2 years ago, but apparently, only Dangote and Erisco took that warning serious. When they start raking in monopolised mega profits, people will begin to cry 'monopoly' again. And this is exactly the same way the govt has been begging investors to build private refineries, but it seems all our 'big men' just prefer importing fuel from their overseas refineries instead of setting up refineries in Nigeria. Very soon the same ol' Dangote will monopolise that sector and the 'monopoly' wailings will go louder again. Dangotes refinery will be completed in 2019, but it could take roughly a year to set up a modular refinery. Now is the time for other investors to grab the opportunity, but instead, they still prefer to sleep whilst enjoying the profits of importing fuel; until 2019 and then Dangote again snatches the entire market share, govt withdraws import licenses, and Nigerians again begin to shout 'monopoly.'

harmonizo:
Very appaling indeed. Allowing himself to be used by a dumb-ass presido all in the name of 'I am representing Pa Bubu'.
Nonsense :

What do you mean by "allowing himself to be used"?

Not sure I understand your point..

Oildichotomy:
How has the several bans saved the day so far and how long are we going to wait before the whole ban thingy serves its purpose going forward

Be patient... Nigeria will never be a producer of tomato paste if we continue to encourage importation of cheap china tomato.

Today Nigeria is a net exporter of cement; that wouldn't have been possible if importation of cement wasnt discouraged with similar policies like this one. Also, Nigeria's rice production is on a steady increase and we may hit self sufficiency very soon if the tempo is maintained. We would also not have made 10% of the current progress made in local rice production if similar policies like this weren't made.

You have to learn to crawl before you think of walking. China where we run to to import everything, go and take a look at how China got to it's present position; it was certainly not by importing everything or waiting for the 'right time' before making hard decisions.

Chai... so we still haven't overcome this sad tale where the rich never get punished?.. This is one of the primary reasons I supported a person like Buhari being president, to see at least one big man go to jail... but it's obvious we aren't still there yet.