Politics › Re: Lagos Government ‘Paid ₦2.3M To Mechanic To Supply DPO Pamphlets' - FIJ by obi58: 5:22pm On Nov 23, 2023 |
3ple9iner: There is nothing wrong with what they did. look at this scenario I got information that the government is looking to give contract for the purchase of table and desk for schools in Lagos state. I a barber saw it has an opportunity to make side money, I registered a company, submitted my bids with samples gotten from a nearby carpenter shop, got the contract, paid the carpenter to make the chairs, delivered it to Lagos state government and keep the profits.
Now how is this illegal? Let me ask you this question.... If you were building your house and needed tiles for your floors, Would you go and source tiles from a wholesaler or instead get a mechanic who knows nothing about tiles to deliver the tiles to you? Even when engaging him and he tells you he's a mechanic but he can supply you tiles, won't you quietly tell him that you will call him when you car has a fault? Why then should it be different for government and we expect Nigeria to become better? |
Politics › Re: Lagos Government ‘Paid ₦2.3M To Mechanic To Supply DPO Pamphlets' - FIJ by obi58: 5:15pm On Nov 23, 2023 |
benardtotti: So the mechanic who pays his taxes and does legit business is not a deserving lagosian? Let us for a minute ignore the fact that this mechanic was not even aware that his company was used to collect contract. Let's assume that he was aware and executed same. What business is he into to deserve being awarded contract for the supply of fragrance over tax paying wholesalers or retailers of same who also bid for the contract? How will he compete in terms of pricing with direct suppliers of fragrances? You can see already there must have been compromise in the process! Ditto the printing contract!!! There are thousands of Lagosians that are printers with the requisite equipment, staffing, skills and experience who would have bid for the contract who were sidetracked to issue same to this mechanic with no knowledge of printing or no evidence of paying tax on a printing business in Lagos state. How is this not corruption? Let us proceed further to the contract award sum... 8m just for fragrance. Which kind of fragrance is that? Where is it produced? Was it imported or locally sourced? How can you prove otherwise that this contract was not inflated? In a time when the country is in recession and people are going through a lot, do you think spending 8m on fragrance alone is a judicious use of public funds? |
Politics › Re: Lagos Government ‘Paid ₦2.3M To Mechanic To Supply DPO Pamphlets' - FIJ by obi58: 5:06pm On Nov 23, 2023 |
adrusa: Thank you. This is the kind of lazy journalism that our hacktivists are using to try to turn people against government. It doesn't matter whether "Lati" is an area boy or mechanic, if he registers a company, bids for a contract and wins, all that is required is to find out IF HE DELIVERS. Most petty contractors who do supplies are basically middle men. The most important and relevant question is performance, not qualifications or offices. This is how corruption started in government and this is why government contracts are inflated because of Middlemen. Contracts are supposed to be awarded on the basis of both competence and pricing. Otherwise middlemen seeking to maximise profit would compromise quality and grease whatever palms necessary to secure same and maximise profit. That's why many public projects are not constructed to last. Government officials who have been compromised to secure the contract will definitely not enforce quality control in the execution of same. |
Politics › Re: Lagos Government ‘Paid ₦2.3M To Mechanic To Supply DPO Pamphlets' - FIJ by obi58: 4:58pm On Nov 23, 2023 |
benardtotti: God bless you! So because he's a mechanic he can't aspire to do more and better business? Even if we assume he was used as a conduit , I can assure you that contract didn't go to any lagos politician, 13m is chicken change to politicians, it must be a civil servant that got the contract and used the mechanic to do the job, the main question is did he deliver the items ? Lasg confirmed they were supplied so he has no case . Finally any business registered with cac and having general contractor or services in its profile is acceptable to do business with government. Your response shows you justify such condemnable actions! If there is no case to answer, why was he used as a conduit? Does that not already indicate that the selection process for the award of the contracts was biased? If the civil servant in question knew what he was doing was right there would be no need for a conduit. These contracts that should have gone to deserving Lagosians were instead diverted for selfish gains. As a mechanic, he should and could package himself and his business well, get it registered and apply for a contract to service government vehicles which is his area of expertise. Or he can setup a printing press and solicit for printing business from the government. That's the proper thing. Unfortunately, many Lagosians are so used to corruption that they see nothing wrong here or perhaps choose to pretend to see nothing wrong for political or tribal reasons which is unfortunate because these diverted contracts are empowerment opportunities denied to deserving Lagosians. |
Politics › Re: Lagos Government ‘Paid ₦2.3M To Mechanic To Supply DPO Pamphlets' - FIJ by obi58: 4:49pm On Nov 23, 2023*. Modified: 5:26pm On Nov 23, 2023 |
AbuTwins: Team Naysayers go feed on this like ants on sugar!
Lagos would respond soon! Listen to what you are saying.... Is it compulsory to make a comment when you don't have anything reasonable to say? Why should a contract for printing of posters or directories be awarded to a mechanic? What ability or expertise in printing has he demonstrated to be deserving of such a contract? We are crying that corruption is strangling the economy and you on the other hand seem to be justifying corruption on the grouse of public procurement. |
Politics › Re: Lagos Government ‘Paid ₦2.3M To Mechanic To Supply DPO Pamphlets' - FIJ by obi58: 4:45pm On Nov 23, 2023 |
Dittodat: First, Lati doesn't have to have a printing press to get a printing contract from the govt. I have secured contracts from the US govt to supply products that I don't produce or even have any idea of how they are made. What's important is that , I have to source the product and deliver. Govt contract is crazy in any part of the world. Govt money is the easiest money to make once you get into the circle. To enter na wahala In the US, the govt will pay you 2 to 10 dollars for a bulb that anyone can buy in a store for less then 50 cent or less. Everything govt is usually priced way up than in private businesses. The only thing is that you must supply or provide the services for which you are being paid for. For example, the US actually gave contracts to people to supply Covid products for millions or billions of dollars to people who have zero experience or knowledge of what is needed and some didn't even supply what they got paid for. Some are getting prosecuted as we speak. But that doesn't mean that some didn't get away with it. This is Investigative Journalism and we need more of it. But they cannot lie to expose another lie. You have to be objective and truthful. Are you justifying 8m contract for liquid fragrance or 2.3m for printing of pamphlets issued to a person who had no idea what the journalists were talking about? It's quite evident that this mechanic was serving as a front for someone in government who is mismanaging public funds possibly a family member or a friend in government. How was the contracted awarded to this mechanic? What qualifying criterion was used to justify this award? Or perhaps is this some form of empowerment scheme? Inflated contracts is corruption and misuse of public funds whether in Nigeria or the US. EFCC should not hesitate to investigate this issue and shed light on these grey areas highlighted. Last last the funds may have not been stolen but insofar as there is some suspicion of misuse of public funds there is need for clarification for avoidance of doubt. In a democracy government has to be accountable to the people. |
Politics › Re: Nigeria To Seal Refinery Deal With S/Arabia H1, 2024, Despite Skepticism by obi58: 10:09am On Nov 20, 2023 |
Saint99: Is this a joke or what? When did Saudi Arabia start fixing refineries? Saudi Arabia does not fix it's own refineries. It is done by Indians, Koreans, etc. Not even ARAMCO is maintained by Saudis. Bros you should know that this is just propaganda... PH refinery that was supposed to be ready by December and the others by 2024 that huge funds have already been sunk into are now all of a sudden what is to be repaired in 2 years. These are all diversionary tactics to detract Nigerians from the protracted delay in the take off of the Dangote and Port Harcourt refineries. |
Politics › Re: Customs Lost N1.3tn To Buhari’s Waivers – CG by obi58: 1:30am On Nov 17, 2023 |
Takasufe: Well done Sir Don't allow these propagandists mislead you into believing that the situation is hopeless or blown out of proportion. Today we're hearing that the country is broke and the FG is amassing debt left right and centre meanwhile we are massively hemorrhaging revenue due to the corruption epidemics in the CBN,NCS and the NNPC. If these institutions are sanitised 25% our revenue generation will quadruple in size! |
Politics › Re: Customs Lost N1.3tn To Buhari’s Waivers – CG by obi58: 1:08am On Nov 17, 2023*. Modified: 10:24am On Nov 17, 2023 |
Caveatemptor: Like I said,you know nothing about how government runs. Have you ever visited the nations Borders. Do you know that a border like Illela in Sokoto state has only one recognised official border but there are over 150 unofficial foot paths that are all roads to Niger Republic. These foot paths run all along Nigerias borders with Niger and Chad. The officers have even been joined by police,soldiers, Navy,Immigration and DSS operatives along these footpaths and yet they cannot stop petroleum smuggling because the borders are too vast and there are too many footpaths. These officers are working in hostile atmosphere because the border communities feel it os their birth right to engage in smuggling.
ARE YOU SAYING THAT POLICING OF THE BORDERS IS HOPELESS? IF THE NCS IS BEREFT OF IDEAS, THEY CAN SEEK TECHNICAL SUPPORT FROM THE US AND SAUDI ARABIAN BORDER PATROLS! IF THE FG CAN CONCESSION PIPELINE MONITORING TO ND MILITANTS I SEE NO REASON WHY NCS CANT PROVIDE MONETARY INCENTIVE TO KEY FIGURES IN SUCH COMMUNITIES TO POLICE SAME. ALL THESE EXCUSES PERSIST BECAUSE PEOPLE'S JOBS IN THE CUSTOMS ARE NOT ON THE LINE AND STIFF PUNISHMENT ARE NOT METED OUT TO CORRUPT OFFICIALS AS DETERRENT. THESE THINGS YOU LISTED ABOVE ARE JUST EXCUSES.
These officers are working with poor equipment because the government has refused to provide proper equipment to man the borders which are small planes and proper communication gadgets. The relationship with border communities is very uncordial. Some rivers at the border run through Nigeria and Cameroon like at Ikang border station in Cross River state and government has not provided small boats to man these border Rivers.
EXCUSES.... IF WITH ALLL THE REVENUE GENERATED BY THE NCS THEY ARE UNABLE TO ADDRESS THEIR EQUIPMENT AND STAFFING ISSUES THEN THEY ARE ARCHITECTS OF THE ONGOING CORRUPTION AND THEIR FAILURES TO DISCHARGE THEIR DUTIES PROPERLY. IF AN EXTENSIVE WHISTLEBLOWING SYSTEM IS IMPLEMENTED WITHIN THE SYSTEM WITH APPROPRIATE INCENTIVES FOR USEFUL INFORMATION PROVIDED AND APPROPRIATE SANCTIONS METED OUT TO ERRANT OFFICIALS RANGING FROM JOB LOSS TO LENGTHY JAIL TERMS, I AM QUITE SURE THAT OVERNIGHT CORRUPTION IN THE SERVICE WOULD BE REDUCED TO THE BAREST MINIMUM AND FOR THE FOOLHARDY WHO DARE TO PERSIST IN THEIR WRONG WAYS BECAUSE OF GREED, APPROPRIATE EXAMPLES SHOULD BE MADE OUT OF THEM. IVE TALKED TO A NUMBER OF PEOPLE SMUGGLING RICE AND TYRES FROM CAMEROUN AND THEY ALL CONFIRM THAT IT IS IMPOSSIBLE TO BRING THOSE ITEMS TO NIGERIA WITHOUT SETTLING NCS OFFICIALS.
There are houses at Idi Iroko Station where the front part of the house is in Nigeria while the back part of the house is in Benin Republic. Tell me how officers will police such a house?
WE ARE TALKING ABOUT PETROL TANKERS. TANKERS SURELY HAVE NO BUSINESS WITH FOOTPATHS AND HALF HOUSES. THOSE ARE JUST EXCUSES TO JUSTIFY FAILURE. WHY SHOULD YOU ALLOW STRUCTURES TO BE BUILT ON BORDER LINES IF NOT TO ALLOW SMUGGLING. ALL SUCH STRUCTURES WITHIN 50KM OF THE BORDER LINES SHOULD BE DEMOLISHED PRONTO! NO EXCUSES!!!
The problem with some of you is you see a few corrupt officers working in sea ports like Apapa and Tin can Island ports who do not constitute up to 5% of the total work force and then decide to tar every officer as corrupt.
DONT GET ME STARTED ON THE CORRUPTION IN THE PORTS!!! THAT'S A TOPIC FOR ANOTHER DAY. OF COURSE NOT EVERY CUSTOMS OFFICIAL IS CORRUPT BUT YOU CANNOT TELL ME THAT THE NCS IS NOT IN DESPERATE NEED OF OVERHAUL FROM TOP TO BOTTOM OVER CORRUPTION. WHEN IT COMES TO MEETING REVENUE TARGETS WE DON'T HEAR STORIES PROVIDED CORRUPTION IS ALLOWED TO PERSIST. BUT WHEN IT COMES TO STOPPING OIL SMUGGLING AND THE LIKES THEN WE START HEARING CHALLENGES AND STORIES. WHO IS FOOLING WHO?.
I advise some of you if you are still within the recruitment age to apply and join so that you can fight this so called corruption from inside the service. It is when you get inside you will realise that it is not what you think and the understand that khaki no be leather. My last response to you and your idealism.
THIS IS NOT IDEALISM BUT REALISM. UNTIL THIS GOVERNMENT DECIDES TO BE SERIOUS ABOUT FIGHTING CORRUPTION, UNTIL WE STOP THINKING CHALLENGES AND START THINKING SOLUTIONS WE ARE GOING TO KEEP HEARING ALL THESE KINDS OF EXCUSES WHY CORRUPTION CANNOT BE CONQUERED IN THE NCS.
UNTIL A CLIMATE OF ZERO TOLERANCE FOR CORRUPTION IN THE SERVICE IS BUILT, WE WILL KEEP HAVING OFFICIALS WHO WHINE ABOUT POOR EQUIPMENT AND WHAT GOVERNMENT SHOULD DO FOR THEM MEANWHILE THEY AMASS ILL GOTTEN WEALTH BY ENABLING SMUGGLING SYNDICATES AND GETTING THEIR OWN PERCENTAGE THUS DEPRIVING THE COUNTRY OF A GOOD PORTION OF ITS REVENUE |
Politics › Re: Customs Lost N1.3tn To Buhari’s Waivers – CG by obi58: 5:24pm On Nov 16, 2023 |
Caveatemptor: Give evidence of this. You can't just feel something and then in an idealistic way pass it off as a fact. How many revenue generating organisations did you compile to come up with this theory. Give me a source or a verified survey for this your theory.
I can give you verified facts that the government has given the customs yearly revenue targets and they have consistently surpassed these revenue targets despite government waivers for the past 30 years. of all the revenue generating organisations, oil smuggling across the border was so rampant that the new president on day one of assuming office had to stop subsidy. which other evidence do you want? |
Politics › Re: Customs Lost N1.3tn To Buhari’s Waivers – CG by obi58: 4:27pm On Nov 16, 2023 |
Caveatemptor: Apparently you do not know how government works. The propaganda going on with the ministry of Interior has taken you in. Hameed Ali did more than that during Buharis administration. Using the press men to burnish your image is an efficient tool of propaganda. Like I have told you earlier, if you have an issue with the Customs it is very fine. I don't object to that BUT on this issue of waivers the customs has no fault.
There is NO Customs officer that can refuse to honour a Federal government waiver signed by the Minister of Finance except that officer is tired of his job and desires to be sacked.
Once again Waivers are not issued by the Customs service but by the Federal government. Customs only implement.
Tariffs are not issued by Customs but by the Central Bank and the Ministry of Finance. Customs only implement and interpret these Tariffs to raise revenue for the Federal government in a discretionary way in order to allow the populace to breathe. I assure you that if the Customs interpret the import and export Tariffs to the letter,No body will be in the import and export business.
No Customs Comptroller general can oppose the Minister of Finance who is his boss as well as the chairman of the Customs board except he wants to lose his job.
It is apparent that you are an idealist and have no idea of how government is run nor do you appear to understand that after the revenue generated by the NNPC and the oil industry the Customs service has constantly and consistently generated the second highest revenue in this country. The records are there. These are the facts. Good day. The fact is also that the customs service is the most corrupt revenue generating agency of the government without peer. |
Politics › Re: Customs Lost N1.3tn To Buhari’s Waivers – CG by obi58: 3:41pm On Nov 16, 2023 |
Caveatemptor: It seems you are misunderstanding what a waiver is. Waivers on duty are not issued by the customs. Waivers are issued by the Federal government through the Minister of Finance. Customs only implement waivers issued by the Ministry of Finance. It is the party in power that fraudulently issue waivers to their political associates,cronies and friends. This is not the fault of the customs. That is why the current Comptroller general is blaming the last administration for the number of waivers issued for 8 years that made revenue due to the government to fall short. You might have other issues with the Customs but on the issue of waivers you can't fault them! Stop side stepping the main issue which is the corruption and inefficiencies of the NCS by deflecting it to the FMF because the NCS becomes very efficient in implementing or adhering to directives favorable to them but conveniently forget their primary responsibilities when it is not profitable to them. Until the NCS becomes a professional institution devoid of corruption, the CG should focus on sanitising his house before blaming previous administrations. He should be addressing why tanker loads of petrol were passing borders manned by his officials first and foremost and bringing forward efficient solutions to making the NCS more professional. If he is devoid of ideas he can consult with the new minister for interior who is doing wonders in the Immigration services and NIMC. |
Politics › Re: Customs Lost N1.3tn To Buhari’s Waivers – CG by obi58: 11:56am On Nov 16, 2023 |
Caveatemptor: You need to understand somethings. The presnt Comptroller general was appointed by Tinubu and not Buhari. He can afford to call out Buhari because he owes him no allegiance. Do not be surprised if the same sort of waivers for a whole year are still being granted by the present minister of Finance to political cronies who helped Tinubu into power.
As a civil servant there is a limit to how you can oppose a government who appointed you into office except you want to commit job suicide. That is why every new appointee will criticise and point fingers at the appointee who preceeded him.
The previous Comptroller general Hameed Ali pointed fingers at his predecessor Dikko Inde throughout his tenure until he left the administration . The present Comptroller general Adeniyi is now pointing fingers at Ali for the waivers he granted throughout his eight year tenure. That's why in my earlier post I clear highlighted the need for a serious government to take a good look at the NCS. |
Politics › Re: How Successive Governments Received Abacha's Loot by obi58: 9:05am On Nov 16, 2023 |
30 years later we are still talking about Abacha loot and e Neva finish. If Abacha alone bin tiff over $4bn wetin all the other presidents after him go don tiff  |
Politics › Re: Customs Lost N1.3tn To Buhari’s Waivers – CG by obi58: 9:01am On Nov 16, 2023 |
Caveatemptor: At the bolded, The Federal government through the Minister of Finance imposes the tariff for goods every year. Customs only implement these tariff with a lot of discretion because if customs follows the tariff to the letter,very few people in this country will be able to import or export anything!
Secondly it is the same ministry of Finance that issues waivers to political cronies and friends for supporting the party in power. Waivers are exemptions from payment of customs duty which is supposed to be a method of support to young industries on order to grow the economy but what politicians in the Finance ministry have converted these waivers to is a form of party patronage to support members of the political party that helped them into government. Dangote has been one of the greatest beneficiaries of government waivers in the last 20 years. The ministry of Finance should be held responsible for misuse of customs duty waivers since 1999. Fair enough but that is calling six of sticks or half a dozen of another.... If the comptroller general can call out the government for waivers why can't they talk about the ridiculous tarriffs and the revenue lost due to the corruption in the service which has enabled smuggling in epic proportions  ?? |
Politics › Re: Customs Lost N1.3tn To Buhari’s Waivers – CG by obi58: 8:15am On Nov 16, 2023 |
The question should not be about the revenue lost from the waivers but why were the waivers given and if the goals for giving the waivers have been achieved or not.
We have a customs service that is very corrupt and unable to secure the borders and also very inhumane with ridiculous tariffs they impose which is driving hyper inflation in the country.
If this government is serious, a serious light should be beamed on the activites of the Nigerian customs service. |
Politics › Re: Labour Leaders Block Wike, FCT Minister’s Gate by obi58: 8:35pm On Nov 15, 2023 |
post=126986815: We will publicly support an action against any government that thinks that we should lament away our hunger, unfortunately, this strike is not about those issues. We have to be careful not to mix our political opinion with our responsibilities because the issues confronting workers are so many that they should become the priority. This strike is politically motivated 🙄 And we are glad many sane, honest and hardworking Nigerians see it the same way.
Below is also from the private sectors....
In September, the Organised Private Sector of Nigeria issued a warning to the NLC and TUC, underscoring the substantial threat that strike actions pose to the country’s economy. Expressing concerns about potential adverse effects on economic stability, the private sector urged a reconsideration of such actions to safeguard the nation’s economic interests. We have a way of doing our own things. We don’t just embark on a strike without adequate preparation
Uncle how far? How was the small ban you received? |
Politics › Re: NLC Strike: Abuja Court Shuts Down Operations by obi58: 2:23pm On Nov 15, 2023 |
Pakute: Why are headless mob led by the short devil Ajaero trying to force union to join his greedy fight?. if a leader truly had earned the respect of his followers, you do not need to force yourself down their throat. Two things are certain; if state chairmen are hellbent at picketing unwilling members, dem go collect beating llke Ajaero. secondly, all these union wey no dey go work because Ajaero don lose one eye, na to go meet Ajaero to pay dem salary. No work no pay remain sancrosant. You sound like a thug. Read the article If you can read..... The different unions met and AGREED to go on strike because they agreed with the need for the strike. The economy is in tatters. People are suffering daily. Ajaero joined a solidarity protest in Owerri and some thugs in uniform beat him up because Nigeria is a lawless nation where miscreants like you can come to a public forum and err shameless opinions. It's people like you that would have sent those thugs to beat Ajaero. If this is not checked, From beating it will turn to kidnapping, illegal arrests and possibly assassination of anybody who is not a psycophant. |
Business › Re: Nigeria’s Inflation Continues Upward Trend, Rises To 27.33% For October by obi58: 12:57pm On Nov 15, 2023 |
Helinues leodeking
Any comments? |
Business › Re: Tribapay: The Constantly Working Dollar Card by obi58: 8:24pm On Nov 13, 2023 |
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Politics › Re: Nationwide Strike Begins Monday Midnight - NLC, TUC by obi58: 7:20pm On Nov 13, 2023 |
helinues: For more jokes, sms NLC to 419
 Continue laughing one day na your pikin dem go panelbeat like dat. You will be running up and down for justice but will only receive mockery and derision. As a man sows, so shall he reap. |
Politics › Re: We Are Working Towards Changing The Narrative Of Nigeria – Tinubu by obi58: 10:23am On Nov 13, 2023 |
More excuses meanwhile things are getting worse for Nigerians. |
Politics › Re: Imo, Kogi Victories Show Nigerians Appreciate APC & Good Governance - Ganduje by obi58: 10:20am On Nov 13, 2023 |
Rubbing salt on fresh wounds....
This is Nigeria today where elections of rascality and impunity are celebrated shamelessly. |
Politics › Re: "Going To Court Is A Waste Of Time" : Kogi SDP Candidate, Murtala Ajaka by obi58: 9:20am On Nov 13, 2023 |
VULCAN: You are in error.
Your question assumes he has a brain in the first place.
You won't find an intelligent person doing APC urchnn.
That's for never do wells. True talk |
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Politics › Re: "Going To Court Is A Waste Of Time" : Kogi SDP Candidate, Murtala Ajaka by obi58: 5:44am On Nov 13, 2023 |
Sharpsharp00123: but democracy wasn’t in danger when Labour Party won in abia?
U igbos only see one side of life, when u are winning it’s cool n it should continue
But when u lose then it’s ojoro n everything must scatter How did Labour and Ibos enter into election in Kogi state which SDP is complaining of? Must you talk without using your brain? |
Politics › Re: Kogi: IREV Data Exposes Overvoting In Dekina And Olamaboro Favoring The SDP by obi58: 11:44am On Nov 12, 2023 |
I thought IREV was just a viewing portal? |
Politics › Re: Russia-ukraine Crisis: Nigeria’s Crude Demand Rises In Europe – NNPC by obi58: 3:43pm On Nov 11, 2023 |
As we approach December that dangote is supposed to kick off we are now hearing excuses why crude oil is going to be scarce and excuses why dangote would not be able to get crude locally.
Russia Ukraine war has been on for 2 years. All this while we have not heard of increased revenue or increased demand as a result. Then all the excuses we heard was about crude oil bunkering that prevented us from meeting our oil quota.
Nigerian government and excuses. |
Business › Re: I Just Lost 400k by obi58: 10:18am On Nov 04, 2023 |
Fugazy2023: You better take your money now else you will cry harder by next week.
The second chart was what I took this morning at 6:19am. As you can see, the ask and bid prices have crashed between 6:19am and now (first chart) 10:01am. FG is mopping off liquidity and many people will learn the hard way If you do any proper trading you will know that this is an opportunity for speculators to buy and keep because the dollar will still appreciate over time. Government efforts are only temporal backed by the 10bn loan they took which we have to pay back anyways. Until we ramp up exports so that we can start generating sufficient dollars eg Crude oil production, agricultural exports, manufacturing etc... This fx deficit will still recur and push the dollar price up. These structural issues in the economy are not going to be fixed any time soon so the advise to any investor with loose funds is to buy now and keep till around January when people who came in for holidays are travelling back and when business activities kick off in earnest. |
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Politics › Re: FACT-CHECK: Navy's 2023 Budget Did Not Provide For A Presidential Yacht - FIJ by obi58: 7:07pm On Nov 03, 2023 |
Ikaeniyan0: This is the same way fij got the certificate saga wrong At least they provided their evidence. Dispute with facts or STFU |
Politics › Re: Reasons Why Lawmakers Rejected “Made In Nigeria Cars” With Chinese Material by obi58: 4:27pm On Nov 03, 2023 |
Nigerians should make sacrifice and buy made in Nigerian goods but the politicians should buy Toyota SUVs and use presidential yacht.
What a country! |