₦airaland Forum

The fact that the loans are to be repaid while he is still in government is commendable. He just needs to pay pensioners, do some employment and tackle the issue of waste management then the government will be rated perhaps as second best after Diette Spiff whose bar appears to be so high nobody has been able to surmount it.

Is it a case of who blinks first?

There was this Scrabble game and I was really tired, so someone played two and my brain kept reading tuwo and boy did I contest and then like an inspiration my eyes opened. How did I miss it?

How will those without light hook up?

Interesting, Nigerians should avoid Ghana like a plague.

Learn truck driving and thank me later.

Indeed panic is a natural reaction to uncertainty.

Thank God a cousin is alive to narrate his own side of the story.

chaloskyx:
ok guys let me give you a piece of info on how this event plays out The 2021 Anambra State gubernatorial election is scheduled to take place take place on November 6, 2021,

stage 1 : FG assassinates a popular SE indigene FG leaves note at crime scene saying no governorship election pinning it on IPOB,
Stage 2: Nigerians and politicians start blaming IPOB for the death calling on FG to take a decisive action to stop killings
Stage 3:FG declares a state of emergency and military takeover of SE,
Stage 4: Elections hold under tight military security
Stage 5: Elections end FG withdraws military and normalcy returns

In a nutshell this man was murdered to make way for FG Elections if you like believe if you like let your ethnic sentiments and disdain for another tribe cloud your judgements but we all know FG is behind this and just like end sars it would do anything to maintain control of political power even if it means killing its citizens all of us are disposable.

Did FG also hire the bystanders to hail the UGM? All these conspiracy theorizing.

You don't allow a wound to fester and then start running around when it has become a cancer looking for solution.

Something is wrong some where; the people hailing in the video are from which state?

One other nwa said she is now selling Turkey furniture in addition to them Turkey gowns, more demand for dollars, nobody is talking of producing in Nigeria.

With the way things are going we will soon start importing water, grass and air.

The solution to remove demand in dollar maybe to explore the Chinese angle, some of our imports are from China and we change Naira to Dollar then to Yuan, is it possible to have a Naira straight to Yuan?

Again, really what percentage of our total trade goes to China.

One NWA baby is selling iPhone 13 and people are buying, more demand for dollars and these are more like luxury goods so these are areas government supposed to look into but alas it's even the government via politicians that are big gods to the nwa babies.

DrBiyums:
Exactly. Dorm accounts is what is killing the naira. Crude oil price is rising yet naira is falling, and we can’t do the maths. It is madness to be saving in a foreign currency and expecting your currency to appreciate. Nobody is stopping you from buying foreign items even if you want to buy the whole world. At the point of purchase, your bank does the conversion and payment and debits you in naira. You don’t have any business with dollars.

Crude oil price is rising, Nigeria crude production is reducing meaning loss of revenue, how can one make up for the shortfall, simple devalue the naira to dollar and watch your revenue in naira increase but then your citizens suffer because their salaries can no longer pay for the imported gas, petrol, flour, drugs, which are still dolarized.

Sewgon79:
To buttress my fellow economist argument. I stand by saying what he said is right and what you are suggesting has no economy backup. The last i check, in America there is nothing like domiciled account. Once you open account, it should be enough for transaction. You only go to bank to get the ROUTING AND SORT CODE for international transaction. But here in Nigeria. We have different account for foreign transaction and local transaction. I think what the guy is trying to say is that CBN should allow people to transact international with Naira account and bank will do the conversion. Instead of going to buy Dollars and put in seperate account and call it DOMICILED ACCOUNT for foreign transaction

He made a categorical statement saying no where in the world and I provided an example in Canada which allows opening of accounts both in CAN and USD

The thing is we are shying away from the production angle, your suggestion was the norm until the regulatory authorities applied the sledge hammer again in a bid to curtail irresponsible consumption.

The solution to the dollar scarcity requires a robust well thought out approach not a military fiat as in the case of abokifx.

So Delta and Edo could not make it?

Some governors up north and doing all they can to restore security.

Is this not fake news?

arduino:
I never see alert oh. Maybe they started paying the heavyweights first.

Same here

nex:
Bankole Wellington contested against Ibrahim Obanikoro, but the people chose Obanikoro. Now look at the kind of proposals he's putting forward at the Federal level.

In Nigeria it's either PDP or APC with a touch of APGA in the east

DrBiyums:
Nigeria is not the only country that depends on imports. We don’t import as much as India. Ordinary Nigerians SAVE money in dollars. That is madness. Trillions of naira that should be in the economy are just sitting in peoples dorm account, worst of all, in foreign currency. The number one thing that drives a currency is confidence. Number two is confidence. Number three is confidence. By increasingly saving in foreign currency, the Naira has entered free fall.
If you’re importing anything, you don’t need dollars. At the point of payment, your bank will do the conversion for you and debit you IN NAIRA. That is how sane countries do it.

India is currently the go to guy for vaccine production worldwide, this is in addition to other goods and services they produce and export. In Nigeria we import far more than we export and there lies our problem.

In Canada you can comfortably open a USD in addition to your regular account so this your argument is unsustained.

The sad part is that those taskforce people will just disappear into thin air but 2/3 days later they are back.

Una nuh dey tire?

Thought they said no more Twitter in Nigeria, how did he circumvent the process?

Omooba77:
This is a supposed youth feeding fat on our common resources, be went to school abroad. Contested for Ikoyi/Obalende, but lost. Now a federal rep, to compensate his father decamping to join Tinubu .So CBN should close our dom account bought at 569 to dollar..... The day remains one less..... Time is tickling....

So he even went to school abroad and yet can open his brain and vomit this kind of nonsense.

The level of task force on the roads in Rivers and Bayelsa is something else, can't there be a modern way of getting revenue from trailers, tankers, etc using ICT? That is how someone hit my side mirror at a revenue checkpoint at Oghara.

We condemn all acts of violence, our prayers are with the family.

The security situation in the east is fast deteriorating and the governors have decided to look the other way.

What kind of speed was that?

It appears all the gas used in Nigeria is imported.

With the coming of electric cars all these will soon be a thing of the past.

crestedaguiyi:
And it's the moderna vaccine they are administering to us in ph here

Astrazeneca was administered last week.