₦airaland Forum

Gee15:
.You are sold out ,we are here talking about a national improvement you are talking about personal biz .

Whatever improves the nation is my concern, be it private or government owned. The planned dangote refinery has a capacity of 650k barrels/day, that is more than 3 times the production capacity of the biggest refinery in Nigeria today (PH refinery of 210k barrels/day). If it comes on stream, it will likely end fuel importation and in no time, Nigeria would be exporting refined products. That is absolutely worthy of my attention.

dadexcel:
It seems you APC goons and your sponsors are not yet tired of chasing this woman, inspite oif the fact that all your ill intended and vindictive accusations has been disputed with white paper facts and figures. It is unfortunate that we have once again come to another one sided corruption chasem all of a sudden every tom Jick and harry under APC even those that migrated after the elections have become saints , the EFCC does not have their records again, every morning you wake up to hear about one PDP official been touted by APC leadership motivated toothless bull dog called the EFCC! but never a single APC leader present or past, and unfortunately some nigerian youths have also falling into the deep slumber of deceit that they are fighting corruption. We will await Ngozi response on this one, and after that they will raise another one, and yet another because they are too vindictive to reason. It is indeed unfotunate, every morning we are distracted by one EFCC chase or another while the economy crumbles by the seconds, naira in its lowest ebb ever, fuel scarcity in its longest season, inflation , retrenchment everywhere, crime on the increase, tribal-religious and ethnic restiveness in its highest ebb and all we here every morning is one PDP official that took one malicious money or the other. It is really unfortunate, God will help this country.

Sunnycliff:
All these haters and cheap blackmailers can't achieve a quarter of NOI economic success! APC should keep chasing shadows while our economy keep getting comatose. Confused bunch of...

If you looked closely, you would have observed that not for once has anyone called her a thief. There are just some irregularities in accounting (which is a normal thing by the way) and she is being called in to simply explain. All she needs to do is prepare a robust response for these irregularities. But instead, whenever these issues are raised, her PA (one nwachukwu guy) attacks the personality of whoever raises an alarm on the irregularities and it then becomes an online shouting match between her, her supporters, apc supporters and it always ends in a mess with no questions being answered. Such is not expected from someone of her calibre.

I will not forget in a hurry how they always accused Sanusi Lamido of one thing or the other back then as CBN governor. He always came up with a robust response and never resorted to accusing or insulting anyone for trying to smear his image; on several occasions when he was summoned to the NASS, he dumbfounded the legislators and made them look silly with the coherence and clarity of his responses. That is simply what I would have expected of NOI but she has always been disappointing with her responses... and then her supporters always come up with the same line of defence that she has international awards and that apc is trying to blackmail an achiever. If only she answers the little questions thrown to her, these issues wouldnt even make the news.

Choii... destruction everywhere... God help us!

oluwafreshkid:
@ seun what are you doing about this? Thi is worse than biafra!!!

Na wa for u oo... why would u want to compare this masterpiece with ipob?

Don't you just get some comical relief from this emperor musiwa?

MrAnalyst:
I've laughed my heart out. Calling this guy a psycho is a curse to the name 'psycho'

I normallycome to gis thread to ease my blood pressure

krendo:
Apc need to move the country forwRd better than it met it. Enough of the excuses

Just as APC wants to blame PDP. The PDP can blame the army years for our failures. Remember Buhari was instrumental in the army years and can be blamed too for the challenges PDP faced!

However PDP did not complain, they improved the country they met

APC should do same

Did I blame anyone in my response?... What brought about this talk of apc vs pdp or apc giving excuses?

emonkey:
So where do you propose we begin to measure progress from ? Before military we were down , military worsened situation and brought us to zero, and then after PDP took over people like you could dream of going to Dubai without hindrance and purchasing things online from USA without leaving your chair. That is not crawling bro...

I just believe as a nation that we have all the capacities and potentials to have achieved more.

Arogunmasa:
has dangote built a refinery?

They've cleared the site at least....I was only asking to know when it would be completed.

TheGoodJoe:
Millions of economic graduates in this country but I am yet to read ideas to salvage this situation.

It is this time we suppose to see our economists flooding the papers with ideas and analysis. I see nothing.

Our economics graduates only study so as to pass exams, and when they get to the job, they simply follow already laid down company templates and traditions, no innovations.

This is simply a case of comparing the PDP to the military days, of course even a dumbo knows that the PDP was better. What's this write-up really all about?...

We are crawling when we ought to be running, that is not to say crawling wouldn't move a body forward.

When is dangote's refinery going to be completed and commissioned? .. That's the one I'm more interested in.

Herrmes:
What is happening to some people is more than a hard punch to the chest, they're far more people suffering as a result of this, whatever it is, than people enjoying it. I don't give a fvck what the present state of things are, they're other means of solving it than cutting off people's legs and telling them to walk. I don't even need to narrate what's making me this frustrated, lemme simplify, I'm a student with a UBA master card, and have 0 Naira on me, while I have hundred of thousands in my account and cannot withdraw it, you get me? So don't be telling me all those, it doesn't matter. I just got my case across to my account manager and she put me on hold till further notice, this has happened for a week now, I've ended up telling you what's up.

I totally feel your pain and you are not alone in this; I am also personally affected by the policy because I live in london and do a lot of business with my nigerian mastercard. But while I feel like strangling someone, I take a deep breath, think about it and realise that the person I want to strangle isnt really the culprit responsible for the problem.

I foresee the CBN giving in to pressure soon and devaluing the naira massively from $198 to about $300. But that may not also still solve the problem in the short term.

Captain6:
Marking the road does not really matter,the quality matters more,i think the thickness looks fine but the open drainage is not commendable.

Marking of roads is VERY VERY important in societies that care about standards. Good thing about it is that proper finishing by marking is about the cheapest thing to achieve in the entire road project. Unfortunately, our society doesnt give a damn about even the most basic standards, hence to us we think it is doesnt really matter to finish the job properly.

santinoj:
The picture used is old. The road was marked before the commissioning. You can see the same road with the markings in the attached picture.
www.nairaland.com/attachments/3209082_20151218162924_jpeg2f4efcd129c26ca5a4ee0854347bc124

Now this is very very commendable, Bravo!!

Herrmes:
You don't strangle someone and say you're not trying to kill him/her.

A hard punch on the chest could sometimes be the only solution to save the life of a person having a cardiac arrest. So yes! some hard policies are necessary sometimes.

You simply do not appreciate how bad things are presently. Oil prices broke the $40 threshold and fell to as low as $34/barrel sometime in the last week. Breaking that threshold put a very large strain on the naira. For example, I withdrew some cash with my GTB mastercard in London at the rate of N333 to a £1 just last weekend but when I did same yesterday, I was charged N398 to £1; never in my life have I seen such a leap. Until Nigerians start standing on long queues to get a bowl of rice to feed their families, many still wouldn't understand the dire implications of the nation presently spending more forex than it earns. Some people are even complaining of being unable to go on overseas xmas vacations

COVERT2:
sure can climb ladder?

I would happily climb a tree into the plane than be blown away in the sky

bonechamberlain:
we are in trouble in this country.. so I can't spend my money in buying my choice of goods because its price tag is in dollar. this is the most ruthless, wicked, parochial and self centered govt in Nigeria's history.

the buhari led govt is lamenting that the last govt looted Nigeria that's why we are In this suffering state. yet only $2.1 billion is what this govt is still pursuing out of the whole money generated or looted by the past govt for 6 years. according to Apc the looted $2.1 billion is the cause if our present economic woes. money that is not up to a budget of a state. we no longer hear of $10 bill, $20 bill cause such money weren't missing, just like the chibok scam. what apc have been able to figure out is $2.1bill which is still a case in court.

this govt should accept that it is clueless on running the Nigerian economy. only buhari and apc knows their intention for seizing power, cause I strongly believe it's not for the interest of Nigeria. until they achieve whatever mission the wish to achieve, Nigerians should prepare for a very big farmine

Lol.. the nation is currently in a major recession as the reserves of forex we have is dwindling rapidly and we dont have enough inflow of forex due to oil price crash. If measures are not taken to curb the outflow of forex, in just a matter of months, there would be no forex to buy essential commodities such as food and the nation would be plunged into a major humanitarian crises with people standing on 2-days long queues to get a bowl of rice to feed their families. The CBN and FG is struggling to manage and prevent this situation from happening and you think they are the "most ruthless, wicked, parochial and self centered govt in Nigeria's history" all because you want to buy choice goods?

I suggest you save your money and stock your barns with enough food because 'winter is coming,' in fact, winter is already here.

Jesus Christ!...

To God be the Glory that it was found

No more Air France for me, strictly arik and the new medview.

o42austino:
I understand ur point but, will u use because ur nose is bad and cut off ur head?, for the fact that some schools and businesses takes USD as payment will not make u to weak up one day and say no one should keep dollars in his account. The best thing to do is to punish offenders and leave the Good people out of it, now u can see how low we are.


Welcome to capital flight

tefund:
one reason against forex deposit but is that enough reason?

The point is that, the dollarisation of the economy by allowing banks to accept currency deposits other than the naira, the dissadvantages and damage to the economy far far outweighs the economic benefits. There's a reason why no serious nation allows that.

o42austino:
ur argument made sense but, not total sense. Yes their is outflow of forex but, u fail to mention that the Government refuse it's people to deposit their inflow forex in their banks and that's making it difficult for banks to find forex to give to its customers.

Depositing of forex may sound as a good thing but it was abused and it led to the dollarisation of the economy. We got to a point where some schools accepted school fees in dollars only and some businesses accepted payments in dollars only. I wouldnt want to go into details of the running of elections in dollars in Nigeria. Within a naira economy, when dollars starts competing with the naira as the main currency, I'm sure I dont have to explain to you what that means to the value of the naira and the economy?... No country in the world allows that.

Fawklicant:
Please extrapolate your economics 101 to other sectors of the economy.

What measures are in place to diversify the economy? The giant strides by the previous administration to diversify the economy via agriculture and local manufacturing, praytell what has happened to them? We need to stop thinking of oil only, because it is at times like these that other micro sectors of the economy could be boosted for sustenance. Please how is the government going to stem the consequent rise in crime rate with all the voodoo economics? At the end of the day, the average man doesnt understand squat from all the economic jargons, how is his condition addressed?

First of all, you are not the average man, so even though the average man wouldn't understand what is going on, I dont expect you not to understand.

Diversification of the economy is obviously the only way out of this mess but it is a process which requires some good time. Obviously the last administration tried to open up agriculture but even after 5 years, how much extra could we make from that?... You would agree with me that diversifying is a pretty slow process, not something you would expect to happen miraculously in 7 months.

And yeah, I'm sure you are educated so you should appreciate the deplorable situation of things vis-a-vis the crash in oil prices (at a time we survive only on oil) and the fall and fall of our forex reserves. This has nothing to do with voodoo economics, this is a common sense matter of survival. If the average man on the street will not understand, it is a shame you dont understand this too and also expect governmwnt to perform miracles.

You have obviously chosen to politicise a common sense issue so I can appreciate why you feign ignorance on the state of things.

Fawklicant:
Bizzare measures also include stiffling SME's? Do you know how many NL'ers import from ebay, aliexpress, amazon, etc? Do you know the implication as regards unemployment? The salary you are probably collecting now could be stopped any moment due to 'unfavorable business environment'. Do you know what the crime rate would be? What alternatives has the govt provided to ameliorate trade condditions for SME's? Do you know that SME's are the engine that drive most economies not the fortune 500 coys? Do you know that PTA/BTA has been suspended and deposits of forex into dormicilliary accounts suspended too?

Please suggest one universally acceptable way Nigerian importers can send money abroad for their transaction and while you are at it, please know that even in the quest to drive local manufacturing, raw materials are also imported.

... A lot of Nigerians obviously do not know what is going on, a lot of people have absolutely no idea how close Nigeria is to a total economic collapse and the CBN and FG obviously isnt communicating maybe in order not to cause panick.

Economics 101:
The nation is import dependent which means there's a high forex outflow. The main source of forex inflow is oil and oil prices have crashed massively to an 11-year low (even though expenditure has increased massively). Right now the nation spends more forex (via importation) than it earns (oil export) and consequently, the stock of foreign exchange is reducing drastically.

These checks by the CBN are simply to prevent Nigeria from becoming Greece or Venezuela. The CBN is struggling to prevent a situation where the foreign reserves are depleted on ebay businesses as you say, or by people going on leisure holidays abroad and then in a few months, the country wouldnt have any forex left to import food to feed its populace. This is no longer about the CBN trying to save the value of the naira, it is about the CBN desperately trying to save the nationfrom crashing and this is certainly not the time for people to be going randomly on leisure holidays. If only the CBN and the government would just communicate more properly and let the people know how bad things really are, how close the nation is to total collapse, maybe we wouldnt have people complaining of 'no funds for holidays' anymore. People would rather be more concerned about feeding.

Just incase you didnt know before now, I'm sure you should now understand the picture better with my explanations above and you should now understand why the CBN is desperately trying to prevent the outflow of forex; it is to save you and I from the Greek / Venezuelan situation which is imminent in a few months if oil prices don't come up.

Cc: Caracta, icecomrade, dabriggs, kenny987, kennyman2000, ugolance, seggzz, 2sex, zuby77, jaid23, erico2k2, ecel, Iko5000, musicwriter, ifyalways, godoluwa, NavierStokes

mbulela:
The banks are not doing it to weaken the dollar.
They just cant fund the purchase of dollars at the present rate.
I heard unconfirmed reports that banks are owing mastercard and visa almost unimaginable debts in recent times.

Now this is another disturbing development. Things are actually worse than it seems, yet some people still complain they dont have forex for xmas holidays.

..and Amorility is gone for good

Follow the Ladder to Heaven!

Aero Contractor, WHY?... FAAN, WHY?

Follow the Ladder to Heaven

Aero Contractor, WHY?

Why can't these roads just be marked for Christ's sake?.... Why can't we ever just do things and do them right?

www.nairaland.com/attachments/3206031_obj2_jpegb8f6dddbc2c1ffa5fdb044fa1178d4e1

kettykings:
As usual, how else would the budget be funded if not from the tax from alaba, ladipo and igbo businesses

What sort of tribally depraved reasoning is this?... Oh dear! Who will deliver my people from this psychological affliction?

An ex-militant now the honorable speaker of the Rivers State HOA.

An ex-militant likely likely certain to be in charge of Rivers state when Wike loses his appeal at the supreme court. The move to sack the former speaker and replace him with this militant dude was well calculated by Wike and the PDP machinery.

Very interesting development! Rivers state is indeed in the right hands.

Chai!!!

FFK is high again on his own poo. Did he just blame Buhari for the brutal actions of the army towards the shiites?... was it Buhari that ordered the shootings?... or why is FFK just obsessed with PMB?...

Is FFK also aware that barely a year ago, the Nigerian army carried out a similar raid on the shiites and killed over 30 of them including the sheikh's 3 sons?... unlike the present raid which was provoked, the raid and massacre of last year was purely unprovoked. Is FFK also implying that GEJ ordered the massacre last year?... Is FFK also saying that GEJ should have a date with the ICC for ordering thise killings?

FFK is obviously still reeling from the shock and embarrassment of crossing over to PDP at the dying minute and Pdp losing the election woefully.

TonyeBarcanista:
Is it not the same Fashola that said he will fix the power sector in EIGHT MONTHS? For avoidance of doubt, read his own words....

While challenging power distribution companies in the state, Fashola said, While challenging power distribution companies in the state, Fashola said, “Let the Eko DISCOs sign a contract with me, giving part of their concessioning to the state government, in about six to eight months, there will be power in all homes in Lagos State,” Fashola said.

He added, “So, let no one say that he has no money to deliver power for the entire country. This is the limit to which the law allows us to do, but we have done this to make a statement that power can be generated. So, when they come with lies that power is impossible, you can tell them that we have power here; we make it possible”.
http://dailyindependentnig.com/2015/03/can-provide-stable-power-eight-months-fashola-boasts/

Thankfully, PMB gave him his desire and less than 3 months we are witnessing drop in power generation.

This is a lesson to leaders. They should stop putting square pegs in round holes. Gov Fashola with due respect don't seem to have any clue on power sector. He's not even an engineer. I am sure some of the engineering jargons will sound 'strange' to him.

Barca did you just say this?... and you really think the problem of power in Nigeria is an 'engineering' problem and not an 'administrative' one?.... Please dont tell me you are one of those who believe a proper president should be one who studied political science.?

timilinda:
Sorry pls, this is a personal question: Are u from Odimodi, in Burutu LGA, Delta state?

Lol... naaa. Why do you ask?

godoluwa:
NgeneUkwenu, obailala will definitely put d blame on GEJ as usual

Between the last administration which didnt save and the present administration which met a virtually empty treasury 7 months ago, in all honesty and putting partisanship and sentiments aside, who do you think takes more of the blame?

Even if a common vulcaniser or bus conductor on the street doesnt know this, I'm sure you are educated enough to know the answer.

An import dependent country means there's a lot of forex outflow. To balance that outflow, the country's main source of forex inflow is from crude but crude prices have crashed. Implication is that there is more outflow of forex than inflow, thereby creating a scarcity of forex. With laws of demand and supply, scarcity of forex means the price will jump up. The CBN has then placed very tight restrictions on forex to preserve the little we have, that has created even more scarcity, hence the very high cost in the parallel market.

The only solution to the above is an alternative source of forex inflow by diversifying the economy (agriculture and solid minerals); achieving that is unfortunately not something that can be done within 7 months, or even 3 years. So for those blaming the present administration for not diversifying in 7 months (a feat which couldnt be done by pdp in 16 years and GEJ in 5 years), it is either they are ignoramuses or just feigning ignorance for sentimental reasons.

The issue is very elementary to understand for any educated person, but sentiments seems to have blocked the understanding of many.

godoluwa:
lmao. even if your wife divorce you, you will blame GEJ? Wake up! when will u guys stop d blame game & face d reality?

I did not blame GEJ bro...I blamed the crash in global oil prices, a situation which is beyond the control of GEJ or Bubu.

However now you have mentioned it, if only the past father christmas donatus administration had saved some funds or diversified the economy, maybe there would have been foreign reserve funds for Nigeria to wedge the effect of the oil price slump like it did in 2008 (last major oil price slump).