₦airaland Forum

Megan APC shaaaa....

One part is saying this was budgeted by Bihari

Another one is saying that the budgeted funds meant for presidential yacht has been appropriated to student loan

Another explanation is that presidential yacht is just an operational vessel for the Navy same way I guess presidential jet is an operational vessel for the airforce. No be so?

Propaganda plenty sha...

seunmsg:
It was captured under Ministry of Defence (Nigeria Navy) budget and not state house budget.

Olodo

I hope you know the difference between a yacht and a warship?

Please tell me what territorial waters the Navy wants to defend on a yacht.

Gajagojo:
What is the contradiction?
Your problem is gratuitous belligerence and illiteracy
The CBN is redeeming its paper/debt(Naira) by exchaging dollars for naira

Kindly educate the forum HOW that is spending?
Entities like Emirates Airlines hold billions of Naira on forward contract that the CBN is contracted to redeem based on a futures contract at a specified rate
I am not here to educate you about futures contract or how reserves work

You don't know and should keep quiet

If you're positing that the CBN fulfils it's fx backlogs from the same foreign reserves that you say it is not spending.

Will you keep quiet?

Gajagojo:
It is better you stay silent

Foreign reserves are not savings as many of you ignorantly believe and they are not "spent"

It is simply beyond your brain powers
When you see the word RESERVES
You ignorantly think they are savings that can be spent

That is not the case

Once again just admit you do not understand the issues and be silent

When the CBN settles Forex obligations it is exchanging forex for Naira and NOT SPENDING it

The Naira is simply a debt of the CBN and foreign investors are holding NAira set at a certain exchange rate contract.

That is why it is called BACKLOG. People have a contract with the CBN to take back its Naira
at a fixed rate . The CBN does not have the dollars to take back its Naira and that is why the Naira is crashing.The reserves are CBN ASSETS while the Naira is a CBN LIABILITY
Th fear is foreign reserves cannot cover all the naira that the CBN has been printing the longer it takes to settle the higher the exchange rate

Read what you earlier wrote before this diatribe. Don't they contradict themselves?

It is the CBN that owns and keeps foreign reserves and so if the CBN is owing any backlog it will pay from its (The CBN's foreign reserves)

This is what you wrote.... So in trying to sound smart you ending up stupidly lecturing yourself about the foreign reserves. This is what happens when you write from a brain infused and eroded from excessive alcohol intake.

In one hand you claim CBN can PAY from their foreign reserves to cover backlogs then on the other hand claim that these are not savings that can be spent.

Take it easy on the alcohol. Drinkers are liable to die young.

[quote author=Lanrelagboi post=126757086][/quote]When in the history of Lagos state has a fire been recorded from a fireworks shop?

Why do we leave the core duties of governance to keep frustrating hardworking Lagosians?

Why are they still making mention of presidential yacht? I thought the yacht was for the Nigerian Navy?

Gajagojo:
Ypu clearly don't understand what is gping on and you have zero understand what foreigh reserves are

That is patently obvious

There is nothing like "Nigeria's foreign reserves"

It is the CBN that owns and keeps foreign reserves and so if the CBN is owing any backlog it will pay from its (The CBN's foreign reserves)

Kai don't say what you don't know.

Which CBN foreign reserves? Is CBN now an independent body?

Can CBN spend a dime of the foreign reserves without approval? If the FX deficit was the problem why has CBN not just debited the FX reserves all this while to flood the market? Why is the FG securing a $10bn loan to meet its matured FX obligations then?

SoNature:
The igbo your papa give me yesterday...

Unfortunately for you..... You no get Papa otherwise you won't be referring to other people's Papa.

SoNature:
Governor Babajide Sanwo-Olu is doing an excellent job in Lagos! This is probably the only working governor in the entire SW region.

For this same Lagos where 99% of the roads are bad?

What igbo are you smoking?

Raskimonojendor:
Dem bash him eye ooo. This Ajaero guy needs to go and learn diplomacy as a union leader from Adam Oshiomhole. Not everything is nzobu nzobu enyinba enyi.

Even Sowore, the presidential candidate that I supported has never received beating like this before despite Obidients always calling him SUG leader.

Political prostitute since when did you start twerking for Sowore?

Tinubu during the day, Sowore at night.....

Better decide who you will support.

jullary:
Then go abroad or u seek knowledge to know how it show be functioning! The noise is killing we Nigerians. Am a Christian but even the Bible put moderation to everything. England and Saudi that brought Christianity and Islam try and do those noise there u go see she but everything in Nigeria na over Sabi.

The abroad you are quoting.... Are their infrastructure in the same state as yours? You have not removed the log in your eye, you want to remove the speck in your brother's eye.

If the government was as serious in fixing public infrastructure in the state perhaps so many people would not have need to seek for divine solutions in such places of worship.

Ps. How can bars function without music?

To me this is just misplaced priorities

We have more pressing issues than noise in Lagos state.

Jobs, roads, health facilities , schools are all in deplorable condition and we are chasing noise pollution.

FreeStuffsNG:
https://www.channelstv.com/2023/10/30/coup-aftermath-leaves-niger-republic-economy-in-tatters/amp/

Uncle 'Dollar is about to Crash' how market now I&E don secure another record low?

this is just a propaganda article.

seven conversion centers.... where are they?


when did they start operation?

how many buses or vehicles have they converted since operation?

are they open to the public??


what is the cost of converting your vehicle at this conversion center


more questions than answers.... the article was completely empty only to talk about bringing 2 cng buses to state house and state house promising to make use of cng buses for their staff going forward.

just a meaningless article for the agbado munchers to masturbate over as usual,,, nothing of benefit to nigerians

ps they made mention of universities being the first beneficiaries of the cng program but failed to mention which? if this covered federal, state or and private universities, polytechnics or other insitutes of higher learning? More BS for people without critical thinking to salivate over.

audio workings as usual

Raskimonojendor:
Enemies of Nigeria would not like this news..

They know themselves. They would come up with different conspiracy theory to explain tire. Even though they were praying for naira to keep losing it's value.

Edited. Look at them below 👇

What economic activity has Nigeria done overnight to gain by almost N200?

Let them do the same American wonder let N1=$1.

Olodo.

7lives:
This is not a problem, just tell the Nigerian government to return the the Tin can and Apapa port back to the SW.

Noooo that was built with federal allocations so revenue from such should still accrue to the FG.

State should go and create their own port and generate their own revenue from there.

Shikena

sinero:
How many of such has your messiah dished out? Tinubu is a cheerful giver, why do u think he has loads of crowd behind him.

Go and verify.... Obi's philanthropy and investment in education is unrivalled.

Your cheerful giver.... What is his footprint in education? Of the so called crowd around him, are they not made up of racists, Agberos and psycophants? Look at them celebrating supreme court victory when inflation is at almost 100% and dollar is at N1300!

FreeStuffsNG:
Femi Otedola is the real G.O.A.T.

Thank you for this huge record-breaking human and infrastructure investment. You are a true Omo Eko pataki and Nigerian Patriot. Thank you sir.

May God continue to bless you.
This is the best time to invest in Lagos.

With all the billions your BAT has why hasn't he emulated this laudable example?

Foolish people in office beating around the bush when everyone knows that they control 95% of non-commercial dollars in circulation

If Efcc were to do their work the way it should be done and beam it's torchlight squarely on these politicians, dollar price will come crashing down sharply.

Raskimonojendor:
That's where IGR comes in. The SW has the highest IGR even without Lagos. It's the most self reliant as it knows how to generate income than the regions..

The SouthWest is the least parasitic region in Nigeria.

Since SW is so adept at generating IGR, let's remove their FAAC allocation and share it among the other geopolitical zones of the country.

Win-win situation if you ask me....

Audio government

Gandrova:
You lack comprehension. Are we talking about economy or the election kid?

Olodo... Are they not centered on the same Nigeria we are currently experiencing serious pepper?

Gandrova:
Pls can you explain how it is finished?
Because your expectations has been crumbled.

If you're celebrating with the current economic situation since this administration took over then your sense is already finished.

Orinechi:
Am not complaining. I don't trade in dollars. Am patient with the government. Nothing good comes east.

Will you have mouth to complain before after selling your birthright before? Is it until you trade in dollars that you will start going to the market?

Continue celebrating your doom.

DOOM DOOM DOOM!!!

SmartyPants:
Oga your brain is not working straight. Tinubu can be the worst presidient ever. That does not mean Nigeria's democracy is over - whatever that is supposed to mean.

The only question is, was the judgment fair? And since you allege there was bribery can you explain how? Or once your candidate has lost you think it makes sense to start crying bribery?

Senseless.

olodo rabata.....

Who asked you for your stupid ramblings? Who the heck are to determine what Nigerians view as fair or not after the daylight robbery that was the so called sham of an election and the current economic misfortunes that we all (you inclusive when you get off your drug infused high will realise) are facing?

After smoking loud stop coming to social media to make noise.

Orinechi:
Present ur evidence in court and argue it. Court does not decide case on emotions. Social media junkies by name Obedients were Obi's greatest problem

Blaa blaa blaaaaa.

How much is dollar to naira today? what is the current inflation rate?

Na supreme court victory una go take go market go buy foodstuffs?

lapintoz:
For Biafra land....

Oya collect handkerchief....

supreme court don affirm your victory.... na that one you go take go market?

Olodo

keep celebrating your doom

SmartyPants:
What does that have to do with democracy vis a vis a court judgment?

Rambling, meaningless points.

Go to school! Bye!

olodo.....

you call the current economic situation that affects every one in your family down to the village meaningless due to a bought political result?

who is fooling who?

seunmsg:
Yes. IREV is not even mentioned anywhere in the electoral act. IREV is just a result viewing portal and not a collation system. Even copies of form EC8A given to police officers on duty and party agents can be used to collate result and declare a winner.

Peter Obi's agents were given the results of all the polling units in the country. All he had to do was collate his own result based on the copies given to his agents and take it to court as evidence instead of looking for IREV result.

Olodo

what is the price of usd to naira today?

Even Judas got 12 pieces of silver for betraying Jesus.

What can your 30K stipend buy in the market today?

SmartyPants:
Just because your side lost? You can do better.

Is it a loss for me or for the whole Nigeria?

Abi you are also not feeling the impact of 1300/USD?

Olodo

Very good development!!!

Seal up all the markets instead of working with them to acheive a cleaner Lagos and watch the impact on the state's GDP.

Occurstaem:
How did it finish when you have no evidence you won an election?

what is this one saying?

Get thee behind me Satan!